Women's College Hospital Foundation

76 Grenville St
Toronto, ON M5S 1B2
President & CEO: Jennifer Bernard
Board Chair: Christopher Knight

Charitable Reg. #:11930 2628 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

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Audited financial statements for current and previous years available on the charity’s website.



Grade based on the charity's public reporting of the work it does and the results it achieves.



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 64 cents are available for programs.

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About Women's College Hospital Foundation:

Women’s College Hospital Foundation raises money which is granted to Women’s College Hospital in Toronto, aiming to improve the quality of healthcare provided to women. The hospital was founded in 1883 by Dr. Emily Stowe who was Canada’s first female doctor. In 1948, Women’s College Hospital was the first group in Ontario to screen healthy women for signs of cancer, and 15 years later was the first to use mammography to detect breast cancer.

In F2017, Women’s College Hospital Foundation allocated 53% of grants to hospital research. Funding from the foundation helped support research on women’s cancers, mental health, the connection between arthritis and heart disease, and development of an app connecting patients to doctors. Since many health studies conducted before 1990 did not include female patients, research on how chronic health issues affect women is necessary.

In F2017, capital projects and education received 47% of grants. In previous years, these grants supported the construction of a new Women’s College Hospital building which was completed in 2015. The foundation does not outline where the $3.2m in grants for capital projects and education were spent in F2017.  

In August 2018, Jennifer Bernard became President and CEO of Women’s College Hospital Foundation. Bernard is new to Women's College but has held roles in fundraising for McMaster's Children's Hospital Foundation, Hamilton Health Sciences Foundation, Trillium Health Centre Foundation, and the Royal Conservatory of Music. 

Results and Impact: It is reported that the new Women's College Hospital building has reduced wait times. 

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Women’s College Hospital Foundation is categorized as a large charity, receiving $11.2m in donations and special events revenue during F2017. Its administrative costs are 27% of revenues and fundraising costs are 10% of donations. Excluding surplus, for every $1 donated, 63 cents go to the cause, falling just below Ci’s reasonable range.  Women’s College Foundation has $48m in funding reserves which could cover grants for almost 7 years.

Nearly all funding reserves are held as investments. Based on the value of investments held at the end of F2016 and investment income plus unrealized gains reported in F2017, the charity has a return of almost 11%.

This charity report is an update that has been sent to Women’s College Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on June 8, 2018 by Madison Kerr.

Financial Review

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 26.5%27.8%27.9%
Fundraising costs as % of donations 9.5%11.7%10.2%
Program cost coverage (%) 693.4%174.5%3,174.0%

Summary Financial Statements

All figures in $000s
Donations 10,4488,6668,959
Special events 765556996
Investment income 4,471(1,597)4,314
Total revenues 15,6837,62514,269
Program costs 100
Grants 6,88224,5501,996
Administrative costs 2,9662,5642,773
Fundraising costs 1,0641,0811,016
Other costs 011
Cash flow from operations 4,772(20,571)8,484
Funding reserves 47,71942,83863,337

Note: Ci used the administrative and fundraising costs reported on the charity's T3010. In F2016, total expenses exceed the sum of listed expenses by $201. Ci removed amortization from administrative and fundraising expenses on a pro-rata basis. 

Salary Information

Full-time staff: 21

Avg. Compensation $130,075

Top 10 staff salary range

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

Comments added by the Charity:

WCH Foundation has a powerful mission to support Women's College Hospital as it revolutionizes health for women and for all. Working together with patients, family members, staff, physicians, volunteers, community members and corporations, we raise, manage and invest funds to support the Hospital's current and future priority needs. Most recently we raised over $77 million to help build the new hospital and $12 million to establish the Peter Gilgan Centre for Women's Cancers in partnership with the Canadian Cancer Society.

The majority of the funding reserves (approx. 80%) held by the Foundation are endowed by donors which means the capital must be held in perpetuity and only the income earned on these funds may be granted. The remaining 20% or $10 million available for grants results in a funding reserve calculation of 1.5 years using Charity Intelligence's methodology. It should be noted that within the $10 million are significant funds committed to multi-year support of research and clinical programs which will be granted over the next one to five years in accordance with hospital and donor agreements. When these funds are considered, the funding reserve is $6.8 million or one year.

WCH Foundation is very proud of grant support it provided of over $6 million for the 2017 fiscal year. This funding helped to support the capital redevelopment project, fund seven university affiliated research chairs, and provided needed program and research funding.

Women’s College Hospital Foundation is proudly accredited under Imagine Canada’s Standards Program.  This rigorous peer-reviewed Canada-wide process requires a charity to demonstrate excellence in governance, financial accountability and transparency, fundraising, staff management, and volunteer management. 

Charity Contact

Website: www.womenscollegehospitalfoundation.com
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