Children's Health Foundation

345 Westminster Ave
London, ON N6C 4V3
President & CEO: Susan Crowley
Board Chair: Mr. David  Woodward

Charitable Reg. #: 11885 2482 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: B

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

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #21

Avg. Compensation $72,651

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 0
$80k - $120k 3
$40k - $80k 6
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Children's Health Foundation:

Founded in 1922, the Children's Health Foundation (CHF) is dedicated to raising and granting funds to support the Children's Hospital at London Health Sciences Centre, the Thames Valley Children's Centre and the Children's Health Research institute, all in London, Ontario. Funds raised support children and their families by enhancing specialized paediatric care, equipment, education programs, therapy, rehabilitation services and research.

In F2015, CHF granted $7.4m to the supported hospitals, up from $6.1m in F2014. In F2014, 44% of this funding was allocated to specialized paediatric care and programs, such as an eating disorder program, art therapy programs, and a therapeutic clown. 34% of the funding was used to purchase paediatric equipment including specialty care beds for brain injury patients and equipment for paediatric surgery. The remaining 22% funded paediatric research covering a broad spectrum of children's health issues such as maternal and newborn health and epigenetics.

Financial Review:

In F2015, CHF's administrative costs were 5% of revenues less investment income, while fundraising costs were 19% of donations. Program costs refer to community education and development. CHF has funding reserves of $23.9m, of which $263k are donor-endowed funds. This funding reserve covers annual program costs and grants 2.9 times.

Updated on August 26, 2015 by Rohan Bhargava

This charity report is an update that is being reviewed by the foundation. Changes and edits may be forthcoming.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 4.8%5.4%3.1%
Fundraising costs as % of donations 19.2%23.0%19.9%
Program cost coverage (%) 293.5%319.7%371.8%

Summary Financial Statements

All figures in $000s
Donations 9,7658,9508,500
Investment income 961966489
Total revenues 10,7269,9168,989
Program costs 780731668
Grants 7,3606,1424,582
Administrative costs 470479259
Fundraising costs 1,8782,0551,689
Cash flow from operations 2375101,790
Funding reserves 23,88721,97019,522
Note: The foundation changed its year-end from December to March, beginning with the fifteen month period ended March 31, 2014. Ci removed unrealized losses (gains) from investment income by ($631k) in F2015, ($1.6m) in F2014 and ($560k) in F2012.

Comments added by the Charity:

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