Terry Fox Foundation

150-8960 University High Street
Burnaby, BC V5A 4Y6
Executive Director: Britt Andersen
Board Chair: Bill Pristanski

Website: www.terryfox.org
Charitable Reg. #: 10809 9979 RR0001

Sector: Health - Cancer

Public Foundation

Charity Rating

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Donor Accountability

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 ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2015	2016	2017

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #39

Avg. Compensation $61,161

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	0
$160k - $200k	1
$120k - $160k	1
$80k - $120k	5
$40k - $80k	3
< $40k	0

Information from most recent CRA Charities Directorate filings for F2017

About Terry Fox Foundation:

Terry Fox Foundation (TFF) started after Terry Fox’s Marathon of Hope in 1980. Terry Fox, a 20-year old cancer patient, ran 5,373 kilometers across Canada to raise awareness and funds for cancer research. He passed away in June 1981. Terry Fox Foundation’s mission is to realize Terry Fox’s vision of a world without cancer by funding innovative cancer research. TFF primarily funds cancer research at the Terry Fox Research Institute, the research arm of the foundation and a related party. TFF funds discovery research, translational research, and training new researchers. Translational research involves applying research findings to treatment directly.

In F2017, Terry Fox Foundation distributed $22.3m to Terry Fox Research Institute and $1.2m to international cancer research organizations. Approximately 98% of the Research Institute's research funding comes from Terry Fox Foundation. Since founding, the Research Institute has provided grants to over 400 investigators. In F2017, TFF funded 405 researchers across 80 Canadian institutions.

Results and Impact: The under-funded cancers that kill the most Canadians are lung, colorectal, and pancreatic. TFF reports that the five-year survival rate of lung cancer is 18%, but if lung cancer is detected early enough in patients, the cure rate is 70%. A project funded by TFF created a successful model for early detection of individuals at high risk for lung cancer.

The role of noncoding RNAs in tumour hypoxia remains uncertain. A TFF-funded project identified around 200 circular RNAs that are associated with hypoxic tumors, one of which may regulate hypoxia response.

Financial Review:

Terry Fox Foundation is one of the Major 100 charities of Canada. In F2017, it received donations of $21.9m. Administrative costs are 8% of revenues and fundraising costs are 16% of donations. For every dollar donated, 76 cents go to the cause, falling within Ci’s reasonable range. TFF has funding reserves of $86.3m that can cover 3.7 years of program costs.

This charity report is an update that has been sent to Terry Fox Foundation for review. Changes and edits may be forthcoming.

Updated on May 29, 2018 by Joeyanne Cheung.

Financial Ratios Fiscal year ending March	2017	2016	2015
Administrative costs as % of revenues	8.4%	8.9%	5.5%
Fundraising costs as % of donations	15.7%	15.6%	14.7%
Program cost coverage (%)	365.9%	361.2%	386.5%

Summary Financial Statements All figures in $000s	2017	2016	2015
Donations	21,921	20,290	20,652
Government funding	37	30	37
Business activities (net)	202	111	136
Investment income	5,665	1,360	6,495
Other income	1,243	1,352	2,151
Total revenues	29,069	23,143	29,471
Program costs	0	0	0
Grants	23,580	23,723	23,666
Administrative costs	1,964	1,934	1,267
Fundraising costs	3,436	3,157	3,026
Cash flow from operations	88	(5,671)	1,512
Funding reserves	86,275	85,681	91,469

Note: Ci reports net revenues from merchandise sold, reducing both revenues and expenses by $505k in F2017, $701k in F2016, and $518k in F2015. Ci removed amortization from administrative and fundraising costs. Other income includes international donations of $1.2m in F2017, $1.4m in F2016, and $2.2m in F2015.

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