Toronto General & Western Hospital Foundation

R. Fraser Elliott Building, 5th floor, 5S-801, 190 Elizabeth St.
Toronto, ON M5G 2C4
President & CEO: Tennys Hanson
Board Chair: Jim Leech

Charitable Reg. #:12386 4068 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.

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.

87%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 cents are available for programs.

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Programs

About Toronto General & Western Hospital Foundation:

Founded in 1977, Toronto General & Western Hospital Foundation (TGWHF) funds research, patient care, and education at Toronto General Hospital, Toronto Western Hospital, and the Michener Institute of Education at University Health Network (UHN). Within each of the three granting areas, TGWHF focuses on a variety of health areas, including diabetes, emergency medicine, neurology, Parkinson’s disease, radiology, stroke, surgery, transplant, and vision. No spending breakdown among these subprograms is provided.

Toronto General & Western Hospital Foundation's annual report displays spending 90% of grants on research, 5% on patient care, and 5% on education. TGWHF’s research focus includes arthritis, brain and spine diseases, injuries, diabetes, emergency care, eyes, the heart, the liver, and the lungs.  UHN’s Multi-Organ Transplant Program is the largest adult transplant program in North America, performing 639 adult transplants in 2017, including 195 liver, 202 kidney-only, 19 kidney-pancreas, and 21 pancreas-only transplants performed at TGH.

Results and Impact: In August 2016, a research team at UHN identified two biomarkers that contribute to joint degeneration associated with spine osteoarthritis. TGH established the ex vivo lung perfusion procedure in 2008. The procedure, which repairs damaged lungs outside of the body for implant,  increased the number of lung transplant procedures at TGH by 70% over five years. In 2015, a Toronto General & Western Hospital Foundation-funded research project found a 12-week drug regime that cures hepatitis C in over 99% of patients.

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Finances

Toronto General & Western Hospital Foundation is a Major 100 charity with donations and special events revenues of $127.7m in F2017. Its administrative and fundraising costs were 13% of revenues. For every dollar donated, 87 cents go towards TGWHF’s grants, falling within Ci’s reasonable range for overhead costs.

TGWHF holds funding reserves of $535.7m, of which $209.9m is donor-endowed. Excluding donor-endowed funds, TGWHF’s funding reserves can cover 4.8 years of granting activities. This high program cost coverage ratio does not show a need for funding. 

This charity report is an update that has been sent to Toronto General & Western Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on June 18, 2018 by Joeyanne Cheung.

Financial Review


Financial Ratios

Fiscal year ending March
201720162015
Fundraising & admin costs as % of revenues 13.3%16.2%15.0%
Program cost coverage (%) 682.2%672.7%714.4%

Summary Financial Statements

All figures in $000s
201720162015
Donations 117,99095,34394,351
Special events 9,7568,9546,980
Investment income 41,847(6,276)39,550
Total revenues 169,59398,021140,881
Grants 78,51971,55665,687
Fundraising & administrative costs 16,98416,93015,215
Cash flow from operations 74,0909,53559,979
Funding reserves 535,658481,370469,239

Salary Information

Full-time staff: 89

Avg. Compensation $126,360

Top 10 staff salary range

$350k +
3
$300k - $350k
1
$250k - $300k
3
$200k - $250k
3
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

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Charity Contact

Website: www.tgwhf.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

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