Mackenzie Health Foundation
Vaughan, ON L6A 4P9
President & CEO: Ingrid Perry
Board Chair: Enzo Morini
Charitable Reg. #: 11930 6215 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 #22
Avg. Compensation $97,052
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||1|
|$120k - $160k||2|
|$80k - $120k||5|
|$40k - $80k||0|
About Mackenzie Health Foundation:
Established in 1977, Mackenzie Health Foundation raises money for capital projects, medical equipment, technology and educational opportunities for Mackenzie Health locations in Richmond Hill and Vaughn, Ontario. Its mission is to “inspire inspirational gifts”. In F2016, Mackenzie Health Foundation granted $1.8m, of which $1.6m went towards equipment and renovations. Mackenzie Health Volunteer Association raised $500k for a new MRI machine for the hospital and have pledged to raise another $250k for the purchase of 10 fetal monitors.
Mackenzie Health Foundation is currently in a capital campaign to raise $250m to build Mackenzie Vaughn Hospital. The hospital will be designed as a smart hospital, focusing on delivering technologically advanced healthcare solutions. With 1.2 million square feet of space, 350 beds, and an estimated 75,000 visits annually, the new hospital aims to employ 1800 full-time staff and an additional 100 physicians.
In total, 7,824 donors gave 16,572 gifts totaling $9.5m to the foundation in F2016, of which $5.8m was committed for the new Mackenzie Vaughn Hospital.
Mackenzie Health Foundation is a big-cap charity with $9.5m in donations and special events revenues in F2016. Administrative costs were 12% of revenues and fundraising costs were 32% of donations. As such, for every $1 donated, 56 cents went to the cause. This does not fall within Charity Intelligence’s reasonable range for overhead spending. The foundation has funding reserves of $25.5m, which can cover annual grants 13.9 times.
This charity report is an update that is currently being reviewed by Mackenzie Health Foundation. Changes and edits may be forthcoming.
Updated on June 14, 2017 by Juliana Badovinac.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||11.9%||15.0%||17.7%|
|Fundraising costs as % of donations||32.0%||32.5%||32.8%|
|Program cost coverage (%)||1,391.2%||558.0%||1,146.1%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||3,929||2,167||3,092|