Michael J. Fox Foundation

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

Charitable Reg. #:83230 9892 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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FINANCIAL TRANSPARENCY

Most recent Audited financial statements available on the charity’s website.

C-

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

99%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 99 cents are available for programs.



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Programs

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 (PD). PD occurs when brain cells that make dopamine, a chemical that coordinates movement, stop working or die. This can result in symptoms ranging from tremors to balance and mobility issues. Parkinson’s disease affects one in every 500 people in Canada. Over 100,000 Canadians are living with PD and approximately 6,600 new cases are diagnosed each year.

Michael J. Fox Foundation for Parkinson’s Research USA controls MJFF Canada’s operations and distributes research grants on its behalf. The charities share a common website and report on their granting activities and research outputs collectively. Ci could not determine any specific research areas that MJFF directs Canadian donations toward, based on its audited financials and public reporting.

Michael J. Fox Foundation outlines six key research initiatives. The Parkinson's Progression Markers Initiative studies more than 1,400 volunteers to measure changes in PD at its earliest stages. The Fox Insight project is a remote clinical study involving more than 30,000 people participating in online surveys. The Fox Trial Finder is an online tool that connects volunteers to studies in need of participants. MJFF’s Digital Health project funds researchers to monitor PD using wearable devices and smartphone applications. MJFF’s Specialist Training program offers training and fellowship opportunities for prospective researchers. The charity reports that it is on track to graduate 21 fellows studying movement disorders by 2021. Finally, the charity offers Edmond J. Safra Core Programs, which are funding opportunities for PD researchers.

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Results and Impact

Michael J. Fox Foundation funds a variety of research projects and trials to study genes associated with PD. In October 2018, MJFF and Denali Therapeutics announced that they would begin clinical drug trials with patients carrying the LRRK2 gene. MJFF reported that three therapies addressing cellular dysfunction caused by the GBA gene also entered clinical trial stages.

While Ci highlights these key results, they may not be a complete representation of Michael J. Fox Foundation’s results and impact.

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Finances

MJFF Canada is a medium-sized charity with donations of $2.2m in F2019, up 43% from F2018. Administrative costs are 1% of revenues. The charity does not report any fundraising costs. For every dollar donated to the charity, 99 cents go to the cause. This falls outside of Ci’s reasonable range for overhead spending, as charities reporting such low overhead costs may be misrepresenting expenses.

MJFF Canada has $2.0m in funding reserves, which can cover 91% or 11 months of annual program and grant costs.

In its annual filings with the Charities Directorate, MJFF Canada does not report any full-time or part-time employees. It paid $9k in professional and consulting fees in F2018 (The charity’s F2019 filings are not yet available).

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

Updated on June 19, 2020 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending December
201920182017
Administrative costs as % of revenues 1.3%1.2%2.0%
Fundraising costs as % of donations 0.0%0.0%0.0%
Total overhead spending 1.3%1.2%2.0%
Program cost coverage (%) 91.3%219.9%30.3%

Summary Financial Statements

All figures in $s
201920182017
Donations 2,247,3371,572,820673,774
Other income 4,6252,4851,311
Total revenues 2,251,9621,575,305675,085
Grants 2,159,533815,1903,754,528
Administrative costs 28,88518,29713,716
Fundraising costs 000
Other costs 12,33318,3439,908
Total spending 2,200,750851,8303,778,152
Cash flow from operations 51,211723,475(3,103,067)
Funding reserves 1,971,0561,792,6521,138,705

Note: Ci adjusted for donations received by MJFF USA on behalf of MJFF Canada, affecting total revenues by $622k in F2019, $519k in F2018, and $62k in F2017. Ci adjusted for changes in grants payable, affecting grants and total expenses by ($805k) in F2019, ($688k) in F2018, and $186k in F2017. Ci adjusted for payments to MJFF USA, affecting grants and total expenses by $691k in F2019, $nil in F2018, and $2.2m in F2017. Ci adjusted for grants made by MJFF USA on behalf of MJFF Canada, affecting grants and total expenses by $673k in F2019, $465k in F2018, and $786k in F2017. Ci adjusted for expenses incurred by MJFF USA on behalf of MJFF Canada, affecting total expenses by $12k in F2019, $18k in F2018, and $10k in F2017.

Salary Information

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 F2018

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Comments & Contact

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Charity Contact

Website: www.michaeljfox.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1 800-708-7644

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