Princess Margaret Cancer Foundation
Toronto, ON M5G 2M9
President & CEO: Paul Alofs
Board Chair: Tom Ehrlich
Charitable Reg. #: 88900 7597 RR0001
Grade: A-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #73
Avg. Compensation $127,080
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||4|
|$200k - $250k||0|
|$160k - $200k||3|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About Princess Margaret Cancer Foundation:
Founded in 1982, the Princess Margaret Cancer Foundation (PMCF), formerly known as the Princess Margaret Hospital Foundation, is the fundraising arm of the Princess Margaret Cancer Centre. Its focus is to conquer cancer in our lifetime. Princess Margaret claims it is a top 5 cancer research center in terms of the percentage of papers published in high-impact oncology journals and the percentage of highly cited papers.
In 2012, the Princess Margaret Cancer Foundation launched the Billion Dollar Challenge, the largest fundraising campaign in the history of Canadian healthcare, towards four areas of Personalized Cancer Medicine: detect cancers earlier, diagnose cancers more precisely, target treatment more specifically, and provide comprehensive physical and emotional support. In F2015, the Princess Margaret Cancer Foundation had passed the halfway point in raising $1 Billion by reaching $657m at year 3 of the launch.
In F2015, the Princess Margaret Cancer Foundation granted $95.5m to the Princess Margaret Cancer Centre ($10.1m of which were grants payable, resulting in a cash transfer of $85.4m). Of the total grant of $95.5m, 79% were allocated to research, education, and patient care; 12% to buildings and constructions; and 9% to equipments. In 2014, the Princess Margaret Cancer Centre published 1,224 cancer research articles, completed 6,201 surgeries, cared for 17,460 new patients, provided 92,526 radiation visits, and delivered 368 stem cell transplants.
In F2015, the Princess Margaret Cancer Foundation spent 2% of revenues on administrative costs, and 27% of donations on fundraising costs. The Princess Margaret Cancer Foundation has funding reserves of $564m, including donor-endowed funds of $133m in F2015. Total funding reserves can cover annual grants and programs for 7 years or 5 years excluding donor-endowed funds.
Of the foundation's $490k investments, 41% are aggressively invested in equities and alternative investments.
Analysis updated by Ruoxi Gao in 2016, currently under review by the Princess Margaret Cancer Foundation.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||2.2%||1.8%||2.1%|
|Fundraising costs as % of donations||27.1%||25.6%||27.6%|
|Program cost coverage (%)||659.8%||838.7%||666.0%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||32,070||45,342||35,629|