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William Osler Health System Foundation

2100 Bovaird Drive East
Brampton, ON L6R 3J7
President: Ken Mayhew
Board Chair: Bob Peacock

Website: www.oslerfoundation.org
Charitable Reg. #: 12996 5133 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: C+

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

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2016 2017 2018
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #22

Avg. Compensation $112,183

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 4
$80k - $120k 4
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About William Osler Health System Foundation:

Founded in 2002, William Osler Health System Foundation (Osler Foundation) raises money for the William Osler Health System. The healthcare group includes Brampton Civic Hospital, Etobicoke General Hospital and Peel Memorial Centre for Integrated Health and Wellness, serving over 1.3 million people in one of the fastest-growing areas in Canada. In F2018, the foundation granted $4.9m to the hospitals, of which 63% was allocated to capital projects, 25% to equipment purchases, 2% to education and research, and 10% to other programs.

At Etobicoke General Hospital, a four-storey patient tower and seven-storey wellness centre are set to open in late 2018 and early 2019 respectively. The emergency department will double in size and the ICU will grow to four times its current size. A maternal newborn unit will include ten private birthing suites, two operating rooms, and a nursery with ten spaces for newborns who need extra care.

In November 2017, a planned expansion to Peel Memorial Centre was announced. The hospital will be adding 100 beds for rehab and continuing care.

Results and Impact: William Osler Health System Foundation provides equipment for the hospitals’ surgical departments. The American College of Surgeons’ National Surgical Quality Improvement Program ranks Osler’s surgical programs as being in the top 10% for safety and quality of 680 North American hospitals. The number of emergency visits by patients after surgery has been reduced by 50%.

Financial Review:

William Osler Health System Foundation is a Large charity, with donations of $9.5m in F2018. Donations fell by 55% from F2017 to F2018. Administrative costs are 9% of revenues and fundraising costs are 33% of donations. For every $1 donated, 58 cents go to the cause, falling below Ci’s reasonable range. Osler Foundation has $35.7m in funding reserves which could cover program costs for more than seven years.  

This charity report is an update that has been sent to William Osler Health System Foundation for review. Changes and edits may be forthcoming.

Update on July 13, 2018 by Madison Kerr.

Financial Ratios

Fiscal year ending March
201820172016
Administrative costs as % of revenues 9.2%3.6%5.6%
Fundraising costs as % of donations 33.1%16.6%23.5%
Program cost coverage (%) 725.6%495.0%1,552.4%

Summary Financial Statements

All figures in $000s
201820172016
Donations 9,53321,25013,161
Investment income 57491645
Total revenues 10,10722,16613,206
Grants 4,9156,9311,522
Administrative costs 879763736
Fundraising costs 3,1593,5273,093
Cash flow from operations 1,15410,9457,855
Funding reserves 35,66134,31223,622
Note: Ci reports total investment income as investment income and change in fair value of investments less investment management fees. Adjustments for investment management fees affect revenues and expenses by ($48k) in F2018, ($47k) in F2017, and ($49k) in F2016. Adjustments for change in fair value of investments affects revenues by ($18k) in F2018, $430k in F2017, and ($455k) in F2016.

Comments added by the Charity:

William Osler Health System Foundation (Osler Foundation) believes in being both efficient and effective in meeting its mission to build and foster relationships to raise funds to support William Osler Health System’s (Osler) capital, education and research priorities.

With the support of the community, Osler Foundation has helped fund the building and equipping of Brampton Civic Hospital, opened in 2007. The Foundation is now in the process of raising funds to build the new Peel Memorial Centre for Integrated Health & Wellness in Brampton, to fund a new four-storey, five-level wing at Etobicoke General Hospital, and to continue to equip Brampton Civic’s much needed programs and services.

Fundraising efforts respect the donor community’s preferred methods of engaging with Osler Foundation, which includes community events. With the funding opportunity that lies ahead, Osler Foundation and its Board of Directors is balancing revenues and expenses with a new focus on significantly building major gift fundraising capacity which will positively impact both efficiency and effectiveness.

Financial Reserves

Osler is in an unprecedented time of growth, requiring a large funding reserve to meet the increased funding requirements at major building milestones.

Transparency

Osler Foundation believes in transparency and informed giving. We encourage the public to visit the “Accountability to our Donors” pages which include our financial statements on Osler Foundation’s website (www.oslerfoundation.org), as well as Osler’s website (www.williamoslerhc.on.ca) to see how donations are making a difference, every day, to patients. We welcome direct inquiries and thank all donors for their support as Osler strives to achieve its Vision of delivering ‘Patient-inspired health care without boundaries’.

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