St. Joseph's Health Care Foundation of London
London, ON N6C 0A7
President & CEO: Michelle M. Campbell
Board Chair: Ian Dantzer
Charitable Reg. #: 11918 3390 RR0001
Grade: B+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #27
Avg. Compensation $86,878
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||3|
|$80k - $120k||6|
|$40k - $80k||0|
About St. Joseph's Health Care Foundation of London:
Founded in 2004, St. Joseph’s Health Care Foundation of London (SJHCF) provides a link between care, research, philanthropy and the community of St. Joseph’s Health Care Centre in London, Ontario. Its mission is to invest in healthcare innovation and discovery at St. Joseph’s that would otherwise not be possible.
St. Joseph’s Health Care Foundation of London notes funding priorities as imaging and surgery, discovery and innovation, recovery and rehabilitation, prevention and management, and care and comfort. In F2016, SJHCF disbursed $4.2m in grants. Research initiatives received $3.7m (90% of total grants), while patient care received $270k (6%) and education initiatives received $152k (4%).
In F2016, SJHCF reported outcomes in research regarding eye conditions in children and depression. Of the 1,200 children screened using SJHCF’s new technology, 70 had early signs of vision impairment. Medical research in depression discovered that Transcranial Magnetic Stimulation (TMS), which is a non-invasive method that directs short electromagnetic pulses to targeted areas of the brain, aided in the full recovery of almost half of clinical research participants.
St. Joseph’s Health Care Foundation of London is a big-cap charity with $6.8m in donations and special events fundraising in F2016. In F2015, SJHCF received a grant of $5m from the City of London to be held in a separate account which can only be accessed by SJHCF upon approval of expenditures from the city. In F2016, $1m of the grant was transferred to the London Medical Commercialization and Innovation Network. SJHCF had an investment loss of $674k. The charity reports investment returns of -1.44% and notes that 85% of the assets are endowment funds held in perpetuity.
In F2016, administrative costs were 12% of revenues and fundraising costs were 37% of donations. For every $1 donated, 51 cents go to the cause. This falls outside of Charity Intelligence’s reasonable range of overhead spending.
St. Joseph’s Health Care Foundation of London has $72.7m in funding reserves, including $54.8m of donor-endowed funds. As such, SJHCF can cover annual program costs 17.5 times (12.6 times excluding donor-endowed funds).
The charity report is an update that is currently being reviewed by St. Joseph’s Health Care Foundation of London. Changes and edits may be forthcoming.
Updated June 1, 2017 by Juliana Badovinac
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||12.2%||19.8%||14.7%|
|Fundraising costs as % of donations||37.2%||36.8%||39.5%|
|Program cost coverage (%)||1,746.5%||1,487.9%||2,342.8%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||(62)||6,665||5,813|