525 University Avenue, Suite 835
Toronto, ON M5G 2L3
CEO: Jennifer Bernard
Board Chair: Sonia A. Baxendale

Charitable Reg. #:10808 4419 RR0001


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

[Charity Rating: 3/5]



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) 71 cents are available for programs.

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About SickKids Foundation:

SickKids Foundation is a three-star charity. It has exceptional results reporting, achieving an A grade. For every dollar donated to the charity, 71 cents are available to go to the cause, which is within Ci's reasonable range. The charity has reserves that can cover its programs for just under five years. 

Founded in 1972, SickKids Foundation (SKF) is a charity that raises money for SickKids Hospital in Toronto, Ontario. Its formal name is The Hospital for Sick Children Foundation. SickKids Hospital reports that it has the largest children’s health centre in Canada and that it's the nation’s most research-intensive hospital. In F2023, SKF granted $182.4 million, of which $181 million (99%) went to SickKids Hospital. According to its 2023 annual report, the charity allocates 51% of grants to Research, 39% to Patient Care, and 9% to Education, National, and International programs.

The charity’s research focuses on cell biology, child health evaluative sciences, developmental and stem cell biology, genetics genome biology, molecular medicine, neuroscience and mental health, and translational medicine. In F2023, SickKids had a total of 1,913 research staff, including 276 scientists, 401 project investigators and team investigators, 843 general research staff, 226 research operations staff, and 167 core facilities research staff. In addition, it worked with 239 research fellows, 632 research graduate students, 456 research students, and 1,408 Medical Affairs residents and fellows. The charity does not disclose how many research grants it gave out in F2023.

In F2023, SickKids Hospital had 290,481 ambulatory visits, 219,249 clinic visits, 71,232 emergency department visits, and 73,146 virtual visits. It admitted 15,532 total inpatients and provided 98,362 patient days. The Hospital had 340 beds occupied each day, on average, with an average length of stay of 6.4 days in F2023. SickKids Foundation is currently in the midst of a major capital campaign to build a new hospital in downtown Toronto. The charity reports it will build over three million square feet across 15 years. The first build is a Patient Support Centre, a 22-storey education, training, and administrative tower that began in 2023.

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Results and Impact

SickKids Foundation reports research and patient care advancements the Hospital achieved in F2023. The research department discovered a new process that categorizes the risk to children of future asthma and persistent symptoms, ranking symptoms as high, moderate, or low based on information reported before age three. The development was found to be a more accurate method of predicting asthma than previous methods.

The research team also had a paper published in Science Advances for its research on a new approach to treat chemo-resistant glioblastoma using a process called mechanical nanosurgery.

The research team also used machine learning to help with pediatric cancer diagnosis. The charity reports that it can match or refine a cancer diagnosis for 85% of pediatric cancer patients. This research was published in Nature Medicine.

While Ci highlights these key results, they may not be a complete representation of SickKids Foundation’s results and impact.

This charity is not yet rated on impact (n/r).

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SickKids Foundation is a Major 100 charity, one of the largest charities in Canada in terms of donations. It received $205.2m in donations and special events revenue in F2023. The charity earned $26.5m in investment income during the year (11% of revenue), representing a 2% annual return. Its average annual investment return since F2015 is 5%. It also received $7.1m in net lottery revenue (3% of total revenue). SKF received $33.1m in gross lottery revenue. For every dollar given to the charity through its lottery, 22 cents go to the cause.

Administrative costs are 3% of revenue (excluding investment income and net lottery revenue), and fundraising costs are 26% of donations. This results in total overhead spending of 29%. For every dollar donated to the charity, 71 cents are available to go to the cause, which is within Ci’s reasonable range.

SKF has $1.4 billion in reserve funds, of which $663 is donor endowed. Excluding donor-endowed funds, the charity’s reserves can cover 493%, or four years and 11 months of its annual program costs.

SickKids Foundation has funding commitments of $24.1m in F2024, $24.7m in F2025, and $24.7m in F2026, for a total of $73.5m in funding commitments.

According to its most recent T3010 filing in F2022, SickKids Foundation uses external fundraisers. It paid external fundraisers $5.1m to raise $24.1m in F2022, at a cost of $0.21 per dollar raised.

Charity Intelligence has sent this update to SickKids Foundation for review. Changes and edits may be forthcoming.

Updated on August 23, 2023 by Liam Chapleau.

Financial Review

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 3.2%3.8%4.8%
Fundraising costs as % of donations 26.0%24.0%24.4%
Total overhead spending 29.2%27.8%29.1%
Program cost coverage (%) 493.0%730.1%1,186.6%

Summary Financial Statements

All figures in $000s
Donations 181,543180,441153,868
Lotteries (net) 7,1258,3872,929
Business activities (net) 785788148
Special events 23,60918,06615,318
Investment income 26,46140,353282,425
Other income (1,392)2,7435,278
Total revenues 238,131250,778459,966
Grants 182,409134,75790,652
Administrative costs 6,8547,9138,451
Fundraising costs 53,27247,68741,203
Total spending 242,535190,357140,306
Cash flow from operations (4,404)60,421319,660
Capital spending 536310584
Funding reserves 1,398,9841,404,0411,340,887

Note: To report on a cash basis, Ci included deferred revenue, impacting revenue by ($2.1m) in F2023, $54k in F2022, and $1.8m in F2021. SickKids Foundation reports its fundraising revenue net of expenses. Ci reallocated these expenses to fundraising costs, affecting revenues and expenses by $53.8m in F2023, $48.3m in F2022, and $41.9m in F2021. Ci reports changes in payable to SickKids Hospital, impacting grants by ($5.3m) in F2023, ($6.7m) in F2022, and $5.8m in F2021. Ci removed amortization on a pro-rata basis from administrative and fundraising costs.

Salary Information

Full-time staff: 216

Avg. compensation: $130,678

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 F2022

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.sickkidsfoundation.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-813-6166


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Charitable Registration Number: 80340 7956 RR0001