Sunnybrook Foundation

H332-2075 Bayview Avenue
Toronto, ON M4N 3M5
President & CEO: Dr. Jon Dellandrea
Board Chair: Perry Dellelce

Charitable Reg. #: 89920 9118 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Social Results Reporting

Grade: B-

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 ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #58

Avg. Compensation $105,497

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 0
$250k - $300k 1
$200k - $250k 1
$160k - $200k 3
$120k - $160k 4
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Sunnybrook Foundation:

Sunnybrook is a premier academic health sciences centre, fully affiliated with the University of Toronto, with a vision to invent the future of health care. Sunnybrook Health Sciences Centre Foundation (Sunnybrook Foundation) is the fundraising organization for Sunnybrook Health Sciences Centre and helps raise funds in support of research, education and equipment initiatives at Sunnybrook.  According to its Report to Donors, Sunnybrook is renowned "the world over for its clinical leadership in cancer, stroke and heart, trauma and high-risk babies and mothers." Sunnybrook invented digital mammography and "one-day" breast cancer radiation therapy, and performed Toronto's first minimally invasive heart bypass.

Sunnybrook received a $10m investment from The Slaight Family Foundation in October 2013 to start The Slaight Centre for Image-Guided Brain Therapy and Repair.  More than $6m was raised to support youth mental health programs, such as specialized care and research for young people with bipolar disorder. That figure also includes over $1.2m raised for the Family Navigation Project through the inaugural RBC Run for the Kids, a two-day event that far exceeded expectations according to Sunnybrook’s report to Donors.

Financial Review:

Sunnybrook raised $39.1m as donations in F2014 out of which $20.7m was from individuals and the remaining from corporations ($9.5m) and other foundations ($8.9m). Investment income for F2014 was $7.1m. Sunnybrook Foundation's administrative costs are 18% of revenues and fundraising costs are 13% of donations. Funding reserves of $166.0m cover the annual grants to Sunnybrook Hospital 8.7 times. As per the information in the T3010 form filed with CRA for 2014, Sunnybrook Foundation distributed $19.0m (39% of total revenues) as grants to Sunnybrook Health Sciences Centre (63%), Sunnybrook Research Institute (36%), and Toronto East General Hospital Foundation (1%).

This charity report is an update that is being reviewed by SHSF Canada. Changes and edits may be forthcoming.

Updated on June 02, 2015 by Rohan Bhargava

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 18.4%14.3%13.6%
Fundraising costs as % of donations 12.7%10.4%9.8%
Program cost coverage (%) 871.8%518.4%459.2%

Summary Financial Statements

All figures in $000s
Donations 39,08841,57036,923
Business activities (net) 2,2014,7763,795
Investment income 7,0863,2435,277
Total revenues 48,37449,58945,995
Program costs 19,03926,55225,762
Administrative costs 7,5826,6395,522
Fundraising costs 4,9464,3123,611
Cash flow from operations 16,80612,08711,101
Funding reserves 165,975137,652118,296
Note: Salaries and benefits are included as a part of administrative costs. Ci has included the direct expenditures related to community events as fundraising costs, increasing the total fundraising costs by $71k in F2014 and $304k in F2013.  

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