Mackenzie Health Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B-
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.
76%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 76 cents are available for programs.
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OVERVIEW
About Mackenzie Health Foundation:
Mackenzie Health Foundation is a 3-star charity. It has a C+ Results Reporting grade, which is below average. Its overhead costs are within Ci’s reasonable range. The charity’s reserves can cover program costs for one year and three months, which is within Ci’s reasonable range.
Founded in 1977, Mackenzie Health Foundation (MHF) raises funds for Mackenzie Richmond Hill Hospital and Cortellucci Vaughan Hospital. The charity reported over 240,000 visits to the Emergency Departments across both hospitals in the fiscal year ending in March (F2025). It granted $15.6m to the hospitals and it broke down spending into three categories: Cortellucci Vaughan Hospital, Patient care equipment, and professional development support.
Cortellucci Vaughan Hospital, which opened in 2021, received 78% ($12.2m) of grants in F2025. Over 100 healthcare professionals met at the Patient Safety Symposium at the hospital to discuss ways of reducing preventable harm during patient stays.
Patient care equipment received 22% ($3.4m) of grants in F2025. The charity did not report which pieces of equipment it purchased.
Professional development support received below 1% ($14k) of grants. It supports over 1,000 clinical placements. York University is opening a School of Medicine in 2028, and MHF will be the lead clinical partner.
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Results and Impact
The charity states it is trying to reach a point of zero harm – where there are no occurrences of unintended harm during a hospital stay. Since beginning this focus, date unspecified, there has been a 78% reduction in serious safety events and a 42% drop in patient complaints. The unintended harm rate fell almost 25% below the Ontario provincial rate.
While Ci highlights these results, they may not completely reflect MHF’s results and impact.
Mackenzie Health Foundation is not yet rated on impact (n/r). This does not affect the star rating.
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Finances
Mackenzie Health Foundation’s audited financial statements follow line-item costing, which is not a best practice. The charity received $20.1m in donations and $655k in special events revenue in F2025. The total of $20.7m is 93% of revenue. It received $857k in investment income.
MHF granted $15.6m to the hospitals, which is 72% of revenue. It ran a surplus of $1.1m, which is 5% of revenue. The charity’s T3010 filings with the CRA did not report fundraising and administrative costs. The total fundraising and administrative costs is $5.0m, which is 24% of revenue (less investment income). For every dollar donated to the charity, 76 cents are available to go to the cause. This is within Ci’s reasonable range.
MHF has $20.0m in its reserves (cash and investments). These funds can cover its grants for one year and three months, which is within Ci’s reasonable range.
Updated on July 10, 2025 by Joshua Leduc. This update has been sent to the charity and changes may be forthcoming.
Financial Review
Fiscal year ending March
|
2025 | 2024 | 2023 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 24.0% | 28.6% | 22.8% |
| Total overhead spending | 24.0% | 28.6% | 22.8% |
| Program cost coverage (%) | 128.0% | 200.9% | 44.4% |
Summary Financial StatementsAll figures in $000s |
2025 | 2024 | 2023 |
|---|---|---|---|
| Donations | 20,072 | 19,089 | 29,251 |
| Special events | 655 | 675 | 2,029 |
| Investment income | 857 | 407 | 415 |
| Other income | 69 | (7) | 5 |
| Total revenues | 21,654 | 20,164 | 31,700 |
| Program costs | 0 | 0 | 0 |
| Grants | 15,607 | 9,433 | 31,353 |
| Fundraising & administrative costs | 4,982 | 5,658 | 7,123 |
| Total spending | 20,589 | 15,091 | 38,476 |
| Cash flow from operations | 1,065 | 5,073 | (6,776) |
| Capital spending | 29 | 38 | 22 |
| Funding reserves | 19,980 | 18,947 | 13,913 |
Note: 1. Ci adjusted for deferred revenue, which affected revenue by $69k in F2025, ($7k) in F2024, and $5k in F2023. 2. Ci included endowment contributions, which affected donations by $4k in F2025, $4k in F2024, and $242k in F2023. 3. Ci adjusted for amounts payable to Mackenzie Health, which affected grants by $827k in F2025, $1.7m in F2024, and ($2.5m) in F2023.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
2 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
5 |
$80k - $120k |
2 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2025
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 905-883-2032