Lakeridge Health Foundation

382 Simcoe Street N
Oshawa, ON L1G 4T6
CEO: Yves Gadler
Director: Stephen Adams

Charitable Reg. #:11924 9126 RR0001


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

[Charity Rating: 2/5]



Audited financial statements for current and previous years available on the charity’s website.



Grade based on the charity's public reporting of the work it does and the results it achieves.



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 58 cents are available for programs.

My anchor


About Lakeridge Health Foundation:

Lakeridge Health Foundation is a 2-star charity. It has a B- in results reporting, meaning it has a below-average results reporting grade. The charity has $55m in funding reserves that can cover grants for over 15.8 years. Before you giveread Charity Intelligences report. 

Lakeridge Health Foundation fundraises and provides grants to Lakeridge Health in Durham Region. The main granting areas are research and laboratory and healthcare programs. The charity does not provide a full breakdown of its spending on its programs.

The charity's research and laboratory program supports approximately 90 clinical trials in cancer and another 120 ongoing studies throughout the Hospital. The charity is expected to establish its second Endowed Research Chair in the upcoming years. The charity's 130-staff lab provides blood tests to 200 cancer patients every day, and diagnoses 38,000 tissue samples each year.

In F2020, the charity supported three healthcare programs of Lakeridge Health. Lakeridge Health's diagnostic imaging department helps to diagnose and monitor cancer through ultrasound, X-ray and mammogram to MRI and CT scan. The surgical oncology department conducts 1,800 surgeries every year using minimally-invasive techniques. In 2018, Lakeridge Health opened the Gynecology Oncology Centre (GOC) to provide specialized radiation, chemotherapy and surgical treatments for women. Lakeridge Health provides 40,000+ radiation treatments per year, with a daily average of 80-90 patient visits to the systemic therapy suite. 

My anchor

Results and Impact

In F2020, the charity acquired 50 new smart IV pumps and 44 new dialysis machines. It also constructed a new in-patient pharmacy and a new infectious disease clinic. Together with the Durham Mental Health Services (DMHS), Lakeridge Health Foundation supported approximately 17,600 systemic cancer treatments and 40,600 radiation treatments. In addition, Lakeridge Health had 204,551 annual emergency room visits, with a daily average of 1,600 hospital visitors. 

While Ci highlights these key results, they may not be a complete representation of Lakeridge Health Foundation's results and impact.

My anchor


Lakeridge Health Foundation received total donations and special events revenues of $4.3m in F2021. Administrative costs are 23% of revenues (excluding investment income). Fundraising costs are 19% of donations. This results in overhead costs of 42%. For every dollar donated, 58 cents go to the cause. This is not within Ci’s reasonable range for overhead spending.

The charity has total funding reserves of $55.2m. Lakeridge Health Foundation’s funding reserves can cover program costs for 15.8 years.

Charity Intelligence has sent this update to Lakeridge Health Foundation for review. Changes and edits may be forthcoming.

Updated on June 20, 2022, by Lin Zhu.

Financial Review

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 23.1%30.3%18.3%
Fundraising costs as % of donations 18.7%25.0%22.9%
Total overhead spending 41.7%55.2%41.2%
Program cost coverage (%) 1,577.6%5,871.5%3,649.9%

Summary Financial Statements

All figures in $000s
Donations 4,2814,0934,606
Goods in kind 9095536
Business activities (net) 256256256
Investment income 8,624(3,090)1,118
Other income 24400
Total revenues 14,3141,3146,016
Program costs 231179172
Grants 3,2626131,156
Administrative costs 1,3131,332897
Fundraising costs 7991,0221,054
Total spending 5,6053,1463,279
Cash flow from operations 8,709(1,832)2,737
Capital spending 1859184
Funding reserves 55,19046,51648,469

Note: Ci included grants to Lakeridge Health in expenses, affecting the charity's expenses by $3.3m in F2021, $613k in F2020, and $1.2m in F2019.

Salary Information

Full-time staff: 14

Avg. compensation: $102,318

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2021

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 905-433-4339


Charity Intelligence researches Canadian charities for donors to be informed and give intelligently. Our website posts free reports on more than 800 Canadian charities, as well as in-depth primers on philanthropic sectors like Canada’s environment, cancer, and homelessness. Today over 500,000 Canadians use our website as a go-to source for information on Canadian charities reading over 1.6 million charity reports. Through rigorous and independent research, Charity Intelligence aims to assist Canada’s dynamic charitable sector in being more transparent, accountable and focused on results.


Be Informed. Give Intelligently. Have Impact


Charitable Registration Number: 80340 7956 RR0001