London Health Sciences Foundation
London, ON N6C 2R6
President & CEO: John MacFarlane
Board Chair: Ron Mikula
Charitable Reg. #: 89478 1475 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 #36
Avg. Compensation $101,538
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||2|
|$160k - $200k||1|
|$120k - $160k||1|
|$80k - $120k||5|
|$40k - $80k||0|
About London Health Sciences Foundation:
Founded in 1996, London Health Sciences Foundation (LHSF) raises money to improve patient care at London Health Sciences Centre (LHSC) by funding projects which are not entirely covered by the Government of Ontario. LHSC includes University Hospital, Victoria Hospital, Children’s Hospital, family care centres, Children’s Health Research Institute, and Lawson Health Research Institute. The foundation reports that London Health Sciences Centre is visited more than a million times each year.
In F2018, LHSF granted $10 million to healthcare, of which $6.4 million was allocated to research and education, $1.9 million to patient care, and $1.6 million to building projects. The foundation’s current fundraising priorities are cancer care, women’s health, mental health, orthopaedic (muscle and bone), and heart health. LHSF is working to purchase updated ultrasound equipment and fund building projects, including a surgery clinic, cancer pharmacy, chemotherapy unit, and an operating room to better treat heart issues.
Results and Impact:
Ci has chosen to highlight the following from London Health Sciences Foundation’s program outcomes.
Supported by funding from LHSF, Dr. Richard Kim and his team are implementing a personalized medicine program at LHSC. Using genetic information, the program determines the correct drug, dosage amount, and timing of doses that will best treat the patient. Over the past few years, 3000 patients at LHSC have received personalized medical care. In December 2017, Dr. Kim and his team received an Ontario Innovation Fund Provincial Oversight Committee (IFPOC) Award for their work.
London Health Sciences Foundation is one of Canada’s largest charities in donations, a Major 100 charity. In F2018, LHSF received $21.6m in donations and special events revenue. Administrative costs are 6% of revenues less investment income, and fundraising costs are 22% of donations. For every dollar donated, 72 cents go to the cause, which is within Ci’s reasonable range for overhead spending.
LHSF has $84.7m in funding reserves, of which $20.9m is endowed. Excluding endowed funds, the foundation could grant at the F2018 level for six years using reserves.
London Health Sciences Foundation paid external fundraisers $151k in F2018. Gross revenue for the foundation collected by the fundraisers was $227k for a cost of 66 cents per dollar raised.
This charity report is an update that has been sent to London Health Sciences Foundation for review. Changes and edits may be forthcoming.
Updated on May 30, 2019 by Madison Kerr.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||5.5%||4.5%||5.5%|
|Fundraising costs as % of donations||21.8%||21.8%||23.0%|
|Program cost coverage (%)||736.2%||628.9%||444.1%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||6,576||10,067||2,769|