Toronto, ON M5G 2L3
CEO: Ted Garrard
Board Chair: Kathleen Taylor
Charitable Reg. #: 10808 4419 RR0001
Grade: BThe 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 #166
Avg. Compensation $105,946
Top 10 Staff Salary Range
|$300k - $350k||1|
|$250k - $300k||5|
|$200k - $250k||2|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About SickKids Foundation:
Founded in 1972, SickKids Foundation is the fundraising organization for The Hospital for Sick Children (SickKids) in Toronto. The hospital reports that it is one of the world's top paediatric healthcare institutions and Canada's leading centre dedicated to advancing children's health through the integration of patient care, research and education. In F2017, the Hospital received 312,345 ambulatory visits, admitted 16,224 patients, and performed 12,574 surgeries. SickKids’ Liver Transplant Program is the largest paediatric program in Canada.
The Foundation granted a total of $105.0m to SickKids in F2017, of which 71% was allocated to research, 13% to patient care, 7% to other national programs, 5% to education, and 3% to programs outside of Canada.
In F2017, SickKids Foundation funded a new MRI machine for the Cardiac Diagnostic and Interventional Unit of the hospital as part of its clinical care programs. Child and family-centered care grants supported the development of mindfulness videos to help children with rheumatoid arthritis better deal with chronic pain. It also allows spaces like the SickKids Rooftop Patio to continue operating.
The SickKids Research Institute had 1,702 research staff and 2,738 research trainees who worked on research projects in F2017. Currently, the Foundation is funding research studying the effectiveness of brain surgery for 10,000 children with drug-resistant seizures in Canada.
SickKids Foundation reported its 2016 performance relative to targets in its Quality Improvement Plan. The hospital performed better than targets regarding sepsis screenings (100% versus goal of 80%), hand hygiene compliance (91% versus goal of 89%), and central line blood stream infections (1.3 per 1,000 versus goal of 1.8). The hospital underperformed, relative to targets, for hospital and emergency length of stay, which was 14.44 hours for emergency and 6.47 days for average length of stay for ministry of health and long-term care, versus targets of 13.80 and 6.34, respectively.
SickKids Foundation is a Major 100 charity, with $136.7m in donations and special events fundraising in F2017. The Foundation also received $116.6m in investment income. Administrative costs were 5% of revenues and fundraising costs were 28% of donations. For every $1 donated, 68 cents went to the cause, falling within Charity Intelligence’s reasonable range for overhead spending.
In F2017, SickKids Foundation used external fundraisers as part of its fundraising activities. The Foundation paid $6.0m and collected $16.6m in donations. As such, fundraising costs for external fundraisers were 36%.
SickKids Foundation has funding reserves of $1.2 billion dollars, of which $731.4m are donor endowed. Excluding donor-endowed funds, SickKids can cover annual grants to the hospital 6.4 times.
This charity report is an update that is currently being reviewed by SickKids Foundation. Changes and edits may be forthcoming.
Updated on August 23, 2017 by Juliana Badovinac.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||5.0%||4.6%||4.2%|
|Fundraising costs as % of donations||27.5%||24.8%||23.4%|
|Program cost coverage (%)||1,113.2%||1,226.1%||1,008.4%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||1,502||1,634||1,388|
|Cash flow from operations||105,024||(9,123)||125,811|