Bridgepoint Foundation

About Bridgepoint Foundation:

Established in 1990, Bridgepoint Foundation raises and manages funds for Bridgepoint Active Healthcare, a complex care and rehabilitation hospital and research centre that is part of Sinai Health System in Toronto. Funds are allocated to support patient programs, facilities, research, academic pursuits, and capital.

In 2015, the foundation changed its General By-Law and main purpose. Prior to March 5, 2015, Bridgepoint Foundation fundraised for Bridgepoint Health, Bridgepoint Hospital and Bridgepoint Health Collaboratory for Research and Innovation through annual appeals, special events and capital campaigns. Since the change, its purpose has been to maintain responsible stewardship of existing bequests, donations and endowments, to accept contributions of new gifts and bequests, and to raise funds, but only as requested by Sinai Health System.

Bridgepoint Foundation reports reaching its goal for its ‘Live Better Campaign.’ This capital campaign, which began in 2014, raised funds for gardens and park settings, patient care, and research. In 2017, Bridgepoint Foundation is running several fundraising events. Such events include a dinner and 70s-themed party (Fandango Fever), a weekend overnight bike ride (The Hero Ride), and a luncheon and jewellery auction (Great Jewellery Heist).

Bridgepoint Active Healthcare and Bridgepoint Foundation have not posted an annual report since F2014. As such, no recent information is available on the foundation’s performance.

Financial Review:

Bridgepoint Foundation is a medium-sized charity with donations and special events revenues of $2.7m in F2016. Administrative costs were 10% of revenues and fundraising costs were 5% of donations. As such, for every $1 donated, 85 cents go to the cause. This falls within Charity Intelligence’s reasonable range for overhead spending.

Overhead costs have decreased significantly over the past 5 years, with the amount going to the cause raising to its current level of 85% from 32% cents in F2012. This can be attributed to the foundation’s change in purpose, which involves less overhead costs.

Bridgepoint Foundation has funding reserves of $10.6m, of which $3.9m are donor-endowed. These funds can cover annual program costs 6.0 times (4.3 times excluding donor-endowed funds).

This charity report is an update that is currently being reviewed by Bridgepoint Foundation. Changes and edits may be forthcoming.

Updated June 5, 2017 by Juliana Badovinac.