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

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 #28

Avg. Compensation $70,761

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 1
$40k - $80k 8
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

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 of cancer. He passed away in June, 1981. Terry Fox Foundation's mission is to realize Terry Fox's dream of raising one dollar for cancer research for every Canadian. TFF supports cancer research at Terry Fox Research Institute and other cancer research centres. TFF focuses on funding translational research, discovering new treatments and training new researchers. Translational research involves applying research findings to treatment directly.

In F2015, Terry Fox Foundation distributed $20.9m to Terry Fox Research Institute, $1.7m to international cancer research organizations and $970k to Canadian Institute of Health Research. TFF funded 1,212 cancer research projects in F2015. It works with 55 universities and supports up to 15 scholarships for emerging researchers each year. TFF has committed to give $40m to 23 translational cancer research projects over the next few years.

In F2015, Terry Fox Foundation funded researchers in Ottawa made progress in treating pancreatic cancer. TFF has supported this project for over 10 years. TFF also supported genome research at University of British Columbia where researchers improved personalized cancer treatment methods, especially for lymphoma patients.

Financial Review:

Terry Fox Foundation is one of the Major 100 charities of Canada. In F2015, it received donations of $20.7m. Administrative costs are 6% of revenues and fundraising costs come to 15% of donations. Total overhead costs are 20%, falling within Ci's reasonable range. TFF has funding reserves of $89m that can cover 3.8 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 July 4th, 2016 by Mirza Shakir.

Financial Ratios

Fiscal year ending March
201520142013
Administrative costs as % of revenues 5.5%5.4%5.5%
Fundraising costs as % of donations 14.7%13.1%13.4%
Program cost coverage (%) 376.0%344.6%323.0%

Summary Financial Statements

All figures in $000s
201520142013
Donations 20,65222,27921,281
Government funding 374438
Business activities (net) 136(18)34
Investment income 6,4955,2603,985
Other income 2,1511,5331,556
Total revenues 29,47129,09826,893
Grants 23,66625,33627,136
Administrative costs 1,2671,2871,249
Fundraising costs 3,0262,9112,861
Cash flow from operations 1,512(436)(4,353)
Funding reserves 88,99087,30387,659
Note: Ci reports net revenues from merchandise sold, reducing both revenues and expenses by $518k in F2015, $569k in F2014 and $514k in F2013. Ci removed amortization from administrative and fundraising costs. Other income includes international donations of $2.2m in F2015, $1.5m in F2014 and $1.6m in F2013. 

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