2075 Bayview Avenue, KGW-01
Toronto, ON M4N 3M5
President & CEO: Kelly Cole
Board Chair: Cliff Rand

Charitable Reg. #:89920 9118 RR0001

STAR RATING

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

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✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

C+

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

80%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 80 cents are available for programs.



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OVERVIEW

About Sunnybrook Foundation:

Founded in 2000, Sunnybrook Health Sciences Centre Foundation (Sunnybrook Foundation) raises funds for Sunnybrook Hospital and Sunnybrook Research Institute. Sunnybrook Hospital is a teaching hospital affiliated with the University of Toronto, housing the largest trauma centre in Canada. It also runs one of Canada’s largest cancer treatment programs. Sunnybrook Foundation reports that 10,000 women each year are diagnosed with breast cancer in Ontario.

In F2021, Sunnybrook Foundation granted $37.6m towards Research, Buildings and Equipment, and Patient Care Initiatives. It does not provide a spending breakdown along these three core programs for F2021.

Sunnybrook Foundation funds Research projects that focus on areas ranging from cancer to traumatic injuries. In response to the covid-19 pandemic, Sunnybrook Foundation helped to launch new research projects on antibodies and immune resistance. In 2020, Sunnybrook researchers led a clinical trial across more than 50 health centres to test blood plasma from recovered covid-19 patients for antibodies.

The charity also fundraises to improve Buildings and Equipment at Sunnybrook Hospital. Sunnybrook Foundation raised funds to install the hospital’s MR-Linac, the world’s first and only machine combining radiation therapy and MRI scanners in a single device to locate and track tumours. It states that the MR-Linac offers greater precision than other radiation therapy machines in treatment-resistant cases. In 2020, the MR-Linac helped to treat 105 patients with brain cancer.

Sunnybrook Foundation funds Patient Care Initiatives to improve hospital services and support patients undergoing treatment. Sunnybrook Hospital runs the Odette Cancer Program, one of the largest cancer treatment programs in North America. It aims to provide patients and their families with personalized and minimally invasive treatment plans. In 2019, the program had 258,000 outpatient visits. It also hosted 40 people at workshops on delivering culturally-sensitive cancer care to Indigenous patients.

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Results and Impact

Sunnybrook Foundation has not yet posted its 2021 annual report at the time of this update. These results refer to 2020 and earlier.

In February 2020, Sunnybrook Hospital became the first in North America to use a new blood test to diagnose preeclampsia in pregnant women. The test was developed by Dr. Michelle Hladunewich and Dr. Nir Melamed through a year-long study at Sunnybrook Research Institute.

Sunnybrook Foundation helps to fund the PARTY (Prevent Alcohol and Risk-Related Trauma in Youth) program at Sunnybrook Hospital. The program offers a one-day injury awareness and prevention workshop for youth aged 15 and older. According to a 10-year study, PARTY participants are nearly 25% less likely to have a traumatic injury than their peers.

While Ci highlights these key results, they may not be a complete representation of Sunnybrook Foundation’s results and impact. This charity is not yet rated on impact (n/r).

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Finances

Sunnybrook Foundation is a Major 100 charity, one of Canada’s largest charities in terms of donations. It received $71.5m in donations in F2021. Administrative costs are 5% of revenues (less investment income) and fundraising costs are 14% of donations. This results in overhead spending of 20%. For every dollar donated to the charity, 80 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

Sunnybrook Foundation has $327.7m in funding reserves. This includes $118.2m in endowment funds, but the charity’s audited financial statements do not separate donor-endowed funds from internally-endowed funds. Total funding reserves can cover annual grant costs for 8.7 years. The charity’s funding reserves contributed $50.3m in investment income in F2021, at an estimated rate of return of 22% (compared to an investment loss of $9.1m at a return of -4% in F2020). Over the last nine years, Ci estimates that Sunnybrook Foundation’s investment returns have averaged 7%.

Sunnybrook Foundation discloses related party transactions. In F2021, it granted $15.3m to Sunnybrook Hospital and $21.6m to Sunnybrook Research Institute for programs, as well as $129k in unpaid grant balances from previous years. It also paid $12.4m to Sunnybrook Hospital for overhead costs, service fees, and a percentage of parking revenues in F2021.

According to its most recent filing with the Charities Directorate in F2020, Sunnybrook Foundation uses external fundraisers. It paid external fundraisers $1.2m to raise $4.1m, at a cost of $0.30 per dollar raised.

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

Updated on July 21, 2021 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending March
202120202019
Administrative costs as % of revenues 5.2%5.7%6.4%
Fundraising costs as % of donations 14.4%16.8%21.2%
Total overhead spending 19.6%22.6%27.5%
Program cost coverage (%) 872.5%640.7%613.1%

Summary Financial Statements

All figures in $000s
202120202019
Donations 71,45768,50554,115
Lotteries (net) 4692100
Business activities (net) 4822,4132,692
Investment income 50,278(9,143)8,395
Total revenues 122,68661,98565,202
Grants 37,55640,10840,891
Administrative costs 3,7824,0803,624
Fundraising costs 10,30111,53911,451
Total spending 51,63955,72755,966
Cash flow from operations 71,0476,2589,236
Capital spending 85841,144
Funding reserves 327,674256,962250,723

Note: To report on a cash basis, Ci adjusted grants by changes in amounts due to Sunnybrook Hospital. This affected expenses by $129k in F2021, $525k in F2020, and $1.2m in F2019. In F2021, Sunnybrook Foundation began to disclose lottery revenues and expenses included within donations and fundraising costs, respectively. Ci reported lottery revenues net of expenses in lotteries (net), removing the amounts from donations and fundraising costs. This affected revenues and expenses by ($611k) in F2021 and ($322k) in F2020. Ci was unable to report lotteries in F2019. Ci removed amortization on a pro-rata basis from administrative and fundraising costs.

Salary Information

Full-time staff: 68

Avg. Compensation: $122,246

Top 10 staff salary range:

$350k +
2
$300k - $350k
0
$250k - $300k
2
$200k - $250k
2
$160k - $200k
4
$120k - $160k
0
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

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Charity Contact

Website: www.sunnybrook.ca/foundation
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-480-4483

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