CancerCare Manitoba Foundation
Winnipeg, MB R3E 0V9
President & CEO: Annitta Stenning
Board Chair: Greg Tallon
Charitable Reg. #: 88688 6746 RR0001
Grade: B-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #19
Avg. Compensation $78,338
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||3|
|$40k - $80k||6|
About CancerCare Manitoba Foundation:
Founded in 1997, the CancerCare Manitoba Foundation (CCMF) raises funds solely for CancerCare Manitoba (CCMB) to cover programs that aren’t covered by the government. Every day 20 people in Manitoba are diagnosed with cancer. Both CCMF and CCMB share a vision of eradicating cancer. CCMF funds research, clinical trials, patient care, awareness, and epidemiology.
Research, education, and equipment grants were 63% of CancerCare Manitoba Foundation’s granting activities in F2017. CCMF reports that it funds 20 senior scientists. At Cancer Manitoba’s Research Institute in Oncology and Hematology, CCMF supports a research study with operating grants and studentships for two PhD students, four full-time master students, an undergrad research assistant, and two technicians. Since 2009, CCMF supported 127 graduate, medical, and summer students.
CancerCare Manitoba Foundation spent 18% of grants on adult and pediatric clinical trials in F2017. In 2016, 49 pediatric clinical trials were available for participation and CCMF funded almost 50% of them.
CancerCare Manitoba Foundation spent 11% of grants on patient care, support, and training in F2017. CCMF reports that cancer treatment is provided at 16 Community Cancer program sites in Manitoba. In 2016, CCMF provided 7k soup bowls, 135k cookies, and 100k drinks to patients and families during treatment.
Awareness and risk reduction grants were 4% of CancerCare Manitoba Foundation’s granting activities in F2017. In 2016, 511 people attended cancer education events in Manitoba.
CancerCare Manitoba Foundation is a Large charity with $9.6m in donations and special events revenues in F2017. Administrative costs are 11% of revenues and fundraising costs are 18% of donations. For every dollar donated, 70 cents go to the cause, which falls within Ci’s reasonable range for overhead spending.
The Foundation holds $47.2m in investments in F2017, of which 55% are held in equities. Investment income of $3.9m in F2017, including unrealized losses of $204k and gross of investment management fees, represents a 8.6% return on investment. Investment income of $827k in F2016 earned a 1.7% return on investment.
CCMF’s funding reserves total $48.4m in F2017, of which $14.8m are donor-endowed. Excluding CCMF’s endowment fund, funding reserves can cover granting activities for 6.2 years. This does not show a need for funding.
This charity report is an update that has been sent to CancerCare Manitoba Foundation for review. Changes and edits may be forthcoming.
Updated on May 31, 2018 by Joeyanne Cheung.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||11.2%||8.1%||8.9%|
|Fundraising costs as % of donations||18.4%||17.9%||22.2%|
|Program cost coverage (%)||789.6%||915.5%||828.0%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||4,370||2,824||5,102|