Baycrest Foundation is a 3-star charity. The charity has a B Results Reporting grade, which is average. Its overhead spending is 45%, outside Ci’s reasonable range. Its reserve funds can cover 3 years and 5 months of annual program costs. This is outside Ci’s reasonable limit.  

Founded in 1979, Baycrest Foundation raises funds for Baycrest Centre for Geriatric Care. Baycrest opened its doors in 1918 as the Toronto Jewish Old Folks Home. Baycrest is an internationally recognized, academic health sciences centre that focuses on innovation in aging and brain health. Baycrest Foundation (BCF) provides funding for six main areas: Research, Care, Capital, Pressing Needs, Education, and Innovation.  

Research received 41% of grant spending in F2024. The charity reported that it had 26 international partnerships, 122 ongoing studies, 201 publications, 163 outreach events, and 103 keynote and invited presentations by scientists in F2024. BCF stated that it has 16,845 active research participants in F2024. The charity opened the Kimel Centre in F2023, centred around brain health and wellness, with 182 consenting patients and a goal of at least 450 participants recruited by Spring 2025.  

Care received 27% of grant spending in F2024. The charity reported that its clinical services helped 1,273 unique inpatient clients, with 11,233 unique ambulatory visits and 19,021 virtual appointments in F2024. BCF’s Culture and Arts program reported 8,965 residents attending 326 concerts, with 4,645 music therapy visits. Its Neuropsychology and Cognitive Health program reported 604 unique clients and 3,164 ambulatory visits, with 10 papers published and 76 knowledge-sharing sessions in F2024. 

Capital received 24% of grant spending in F2024. The charity reported that it purchased ten sleeper chairs, 20 low-wheeled walkers, 18 nursing station chairs, and eight Hoyer lifts and slings in F2024. The charity installed a building-wide multimillion-dollar system to replace the outdated nurse call and WanderGuard in the long-term care home in January 2024.  

Education received 2% of grant spending in F2024. The charity reported that it had 18 academic partnerships, 29 presentations and publications, and 105 continuing education events.  

The remaining funding went to Pressing Needs (5%) and Innovation (1%). 

Baycrest Centre Foundation’s audited financial statements follow line-item costing, which is not a best practice.  

BCF reported $23.6m in donations and special events revenue in F2024, which is 56% of total revenues.  

In F2024, the charity reported grants of $22.8m. Administrative costs are 15% of revenue (less investment income). Fundraising costs are 30% of donations in F2024. This results in overhead spending of 45%. For every dollar donated, 55 cents are available to go to the cause, outside Ci’s reasonable range for overhead spending.  

In F2024, the charity had net funding reserves of $198.3m, of which $145.2m is donor endowed. The funding reserves, excluding donor-endowed funds, can cover 342%, or 3 years and 5 months of annual program costs.  

BCF reported investment income of $18.7m. BCF had a return on investment of 10% in F2024 and a 5-year average return of 6%. 

Profile updated by Leah Holmes on August 26, 2025. Comments and corrections may be forthcoming.