Michael J. Fox Foundation

800-365 Bay Street
Toronto, ON M5H 2V1
CEO: Todd Sherer
Board Chair: Jeff Keefer

Website: www.michaeljfox.org
Charitable Reg. #: 83230 9892 RR0001
Sector: Health
Operating Charity

Donor Accountability

Grade: C-

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 #0

Avg. Compensation $0

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Michael J. Fox Foundation:

Founded in 2009, Michael J. Fox Foundation for Parkinson’s Research Canada (MJFF Canada) funds research to improve treatments and find a cure for Parkinson’s disease. The disease causes cells in the brain to die, affecting balance and mobility among other symptoms. More than 5 million people are living with Parkinson’s Disease including over 100,000 Canadians.1

Michael J. Fox Foundation for Parkinson’s Research USA controls MJFF Canada’s operations and distributes research grants on its behalf. The foundations share a common website and report on their granting activities, grantee outputs, and grantee outcomes collectively. Ci could not determine where MJFF directs Canadian donations.

Michael J. Fox Foundation outlines priority areas of research. Research in the first priority area, altering disease, aims to slow or reverse the progression of Parkinson’s disease with improved drug treatments. Research working to define Parkinson’s disease seeks ways to diagnose the disease earlier by identifying biological risk factors. Current treatment for Parkinson’s has severe side effects which researchers seek to address. MJFF offers additional support to researchers by providing them access to people willing to participate in clinical trials and guiding them through the process of getting a new drug approved by a government.

Financial Review:

Michael J. Fox Foundation is a Small charity, with donations of $674k in F2017. Administrative costs are 2% of revenues and the charity does not report fundraising costs. For every $1 donated, 98 cents go to the cause. This falls outside of Ci’s reasonable range because charities reporting such low overhead costs may be misrepresenting expenses. MJFF Canada has $1.1m in funding reserves which could cover grants for 4 months at the F2017 level.

MJFF Canada reports no compensation information on its T3010 filing with the CRA.

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

Updated on August 15, 2018 by Madison Kerr.

Financial Ratios

Fiscal year ending December
201720162015
Administrative costs as % of revenues 2.0%2.8%1.1%
Fundraising costs as % of donations 0.0%0.0%0.0%
Program cost coverage (%) 33.7%106.2%35.7%

Summary Financial Statements

All figures in $s
201720162015
Donations 673,7741,669,7451,603,345
Other income 1,3111,227661
Total revenues 675,0851,670,9721,604,006
Grants 3,381,5742,611,4924,671,773
Administrative costs 13,71646,35017,776
Fundraising costs 000
Other costs 9,90811,92112,961
Cash flow from operations (2,730,113)(998,791)(3,098,504)
Funding reserves 1,138,7052,772,8941,669,847
Note: Ci adjusted for donations and pledges received by MJFF USA on behalf of MJFF Canada, affecting revenues by $62k in F2017, $314k in F2016, and $286k in F2015. Ci has adjusted for changes made to grants payable, affecting expenses by ($186k) in F2017, $495k in F2016, and $978k in F2015. Ci has adjusted for payments to MJFF USA and payments made by MJFF USA on behalf of MJFF Canada affecting expenses by $3.0m in F2017, $818k in F2016, and $2.4m in F2015.

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1 https://www.ucb-canada.ca/en/Patients/Conditions/Parkinson-s-Disease 

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