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¢

2014	2015	2016

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

Full-time staff #31

Avg. Compensation $75,951

Top 10 Staff Salary Range

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

Information from most recent CRA Charities Directorate filings for F2016

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 (52%), translational research (39%) and training new researchers (9%). Translational research involves applying research findings to treatment directly.

In F2016, Terry Fox Foundation distributed $23.1m to Terry Fox Research Institute and $597k to international cancer research organizations. Approximately 97% of the Research Institute's funding comes from the Terry Fox Foundation. Since its inception, TFF has funded 1,291 cancer research projects. It works with 70 universities and research institutions each year. TFF has committed to give $40m to 23 translational cancer research projects over the next few years.

Terry Fox Research Institute-funded researchers in British Columbia made progress in diagnosing a rare sub-type of ovarian cancer that has been very difficult to identify. TFF has supported this project over the course of 6 years. Their findings were published in the Journal of the National Cancer Institute in June of 2016.

The Terry Fox Research Institute is a member of the Canadian Cancer Research Alliance, an alliance that believes collaboration is the key to maximizing impact on cancer control and research.

Financial Review:

Terry Fox Foundation is one of the Major 100 charities of Canada. In F2016, it received donations of $20.3m. Administrative costs are 9% of revenues and fundraising costs come to 16% of donations. For every dollar donated, 75 cents goes to the cause, falling within Ci’s reasonable range. TFF has funding reserves of $85.7m that can cover 3.6 years of program costs.

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

Updated on May 23, 2017 by Josh Lam.

Financial Ratios Fiscal year ending March	2016	2015	2014
Administrative costs as % of revenues	8.9%	5.5%	5.4%
Fundraising costs as % of donations	15.6%	14.7%	13.1%
Program cost coverage (%)	361.2%	386.5%	344.6%

Summary Financial Statements All figures in $000s	2016	2015	2014
Donations	20,290	20,652	22,279
Government funding	30	37	44
Business activities (net)	111	136	(18)
Investment income	1,360	6,495	5,260
Other income	1,352	2,151	1,533
Total revenues	23,143	29,471	29,098
Grants	23,723	23,666	25,336
Administrative costs	1,934	1,267	1,287
Fundraising costs	3,157	3,026	2,911
Cash flow from operations	(5,671)	1,512	(436)
Funding reserves	85,681	91,469	87,303

Note: Ci reports net revenues from merchandise sold, reducing both revenues and expenses by $701k in F2016, $518k in F2015 and $569k in F2014. Ci removed amortization from administrative and fundraising costs. Other income includes international donations of $1.3m in F2016, $2.2m in F2015 and $1.5m in F2014. Other income includes international donations which were $1.4m in F2016, $2.2m in F2015 and $1.5m in F2014.

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