1310 Greene Avenue, Suite 520
Westmount, QC H3Z 2B2
President & CEO: Jeff Shamie
Board Chair: Tony Aksa

Charitable Reg. #:10520 2501 RR0001

STAR RATING

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

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✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years 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.

56%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 56 cents are available for programs.



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Programs

About Cedars Cancer Foundation:

Founded in 1966, Cedars Cancer Foundation became a registered charity in 2008. Cedars Cancer Foundation (CCF) fundraises for McGill University Health Centre (MUHC). Its mission is to raise money that will go to improve the health and well-being of cancer patients and their families. It grants donations to clinical care, research, education, and supportive care services at MUHC. Cedars Cancer Foundation grants to four departments: Cedars Cancer Centre, the Hematology-Oncology Division of Montreal Children’s Hospital, the Cancer Research Program at the MUHC Research Institute, and the Rossy Cancer Network.

In F2019, Cedars Cancer Foundation granted $4.9m to MUHC: $1.7m for the Best Care for Life campaign, $1.6m for patient care, $1.2m for research, and $417k for education.

The Best Care for Life (BCFL) campaign was 35% of grants in F2019. BCFL was a partnership between Cedars Cancer Foundation and other foundations that support MUHC1. It started in 2005 with the goal of raising $300 million to finance major capital projects and renovations, notably a land purchase and construction of the Montreal superhospital1. The campaign finished successfully in 20161,2. CCF has a remaining pledge to fund BCFL $9.9 million over the next five years.

Patient care accounted for 33% of grants in F2019. Cedars Cancer Centre is MUHC’s cancer treatment hub. It receives 175,000 visits annually and treats 800 patients per day, with a Day Centre that has 50 chemo treatment stations. It has a $4 million CyberKnife that delivers high dose radiation with pin-point accuracy, reducing the risk of healthy tissue damage. The CyberKnife treats cancer tumours as small as 0.2 cm. This is useful for lung, brain, breast, and bone cancer tumour removal. The Cedars CanSupport program provides therapy, financial aid, emotional support, education services and other supports like art, meditation, and yoga. In F2019, 4,655 patients received practical services, 2,475 received educational services, over 1,200 patients participated in workshops, and over 700 patients received financial support. Within Montreal Children’s Hospital, there is a floor dedicated to Sarah Cook, a young cancer survivor who (with her family) created Sarah’s Fund with CCF. Sarah’s Floor has a 12-room inpatient unit and Day Centre for children with blood cancers.

Research was 24% of grants in F2019. Cedars Cancer Foundation funds basic, clinical, and evaluative cancer research at the MUHC Research Institute. As of F2019, this research has ongoing collaborations with 62 countries globally. In F2019, CCF gave grants to six researchers to pursue fellowships.

Education was 9% of grants in F2019. Grants supported visiting processors to MUHC, fellowships, and public lectures, as well as educational resources for patients and health professionals.

 

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Results and Impact

Cedars Cancer Center briefly mentions in its F2019 annual report the results of Dr. Lucy Gilbert’s team. This research team developed a new test called PapSEEK. This test detects ovarian and endometrial cancer at earlier stages than before. The test was developed in collaboration with Johns Hopkins University. Hopefully, it will improve survival rates once it becomes available to patients.

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Finances

Cedars Cancer Foundation is a large Canadian charity, receiving $7.2m in donations and special events fundraising in F2019. Overhead costs are 44% of revenues (excluding investment income). For every dollar donated, 56 cents go to the cause. This is outside Ci’s reasonable range for overhead spending.

Cedars Cancer Foundation holds $12.6m in funding reserves. This includes $3.4m in donor-endowed funds. Excluding donor endowments, the Foundation’s reserves can cover grants at current levels for 1.9 years. CCF has commitments to grant these funding reserves: an estimated $545k to MUHC in F2020, and $9.9m to the Best Care for Life capital fund over five years (F2020 to F2024).

This is a new charity profile that has been sent to Cedars Cancer Foundation for review. Comments and edits may be forthcoming.

Report posted July 23, 2020 by Katie Khodawandi. 

Financial Review


Financial Ratios

Fiscal year ending March
201920182017
Fundraising & admin costs as % of revenues 43.9%48.2%39.5%
Total overhead spending 43.9%48.2%39.5%
Program cost coverage (%) 194.2%168.8%348.5%

Summary Financial Statements

All figures in $000s
201920182017
Donations 3,0662,5493,573
Special events 4,1163,4113,545
Investment income 3985471,513
Total revenues 7,5816,5068,631
Grants 4,8815,9883,817
Fundraising & administrative costs 3,1542,8702,812
Other costs 1661610
Total spending 8,2019,0196,629
Cash flow from operations (620)(2,512)2,002
Capital spending 01537
Funding reserves 12,56713,08215,880
Donor Endowed Funds 3,4213,2513,124

Note:  Included in special events fundraising are revenues from charity events organized by third parties, which is reported net of expenses in the audited financial statements.   

Salary Information

Full-time staff: 9

Avg. Compensation: $109,967

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
2
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
4
< $40k
3

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Charity Contact

Website: www.cedars.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 514-656-6662

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