Michael J. Fox Foundation
Toronto, ON M5H 2V1
CEO: Todd Sherer
Board Chair: Jeff Keefer
Charitable Reg. #: 83230 9892 RR0001
Grade: C-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #0
Avg. Compensation $0
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
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.
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 RatiosFiscal year ending December
|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 StatementsAll figures in $s
|Cash flow from operations||(2,730,113)||(998,791)||(3,098,504)|