CHEO Foundation

About CHEO Foundation:

Established in 1974, Children's Hospital of Eastern Ontario Foundation raises funds to support Children's Hospital of Eastern Ontario (CHEO).  Donations help the hospital provide a wide variety of pediatric programs, research, state-of-the-art equipment, medical and nursing education, and assistance for families in crisis. Each year, the hospital touches the lives of over 500,000 patients and families. In F2016, the hospital conducted 7,115 surgical procedures on children who stayed a combined 39,186 nights at CHEO.

In F2016, the Foundation granted $15.8m to the hospital, including: $6.5m to capital equipment and building improvements; $6.4m to research grants, equipment, and programs; $2.7m to hospital programs and services; $113k as gifts in kind; and $100k to fellowships and research building.

Children’s Hospital of Eastern Ontario Foundation distributed 108 grants across 659 researchers, staff, and trainees at the hospital’s research institute in F2016. Researchers were published 421 times, of which 48 were reported as high-impact. In F2016, 40,288 patients were involved in ongoing research at the hospital.

The Foundation’s contributions to hospital equipment and building improvements in F2016 included 2 new procedure rooms dedicated to inflammatory bowel disease (IBD). These procedure rooms are expected to increase annual capacity by 2,200 procedures and reduce wait times up to 50%. The Foundation also funded a new Post-Anesthesia Care Unit (PACU) which has 11 day beds, one new sedation room, and one separation room. Equipment purchases for F2016 include 41 new patient monitors that are compatible with the hospital’s new electronic patient record system.

CHEO Foundation assists families with some or all costs related to their child’s treatment through its Family Assistance program. These funds help families pay for meals, transportation, accommodation, and other costs that are incurred when families need to accompany their child to other hospitals for surgical procedures that cannot be performed at CHEO. The Foundation distributed a total of $115k to 362 families in F2016.

Financial Review:

Children’s Hospital of Eastern Ontario Foundation is a big-cap charity with $14.7m in donations and special events fundraising in F2016. Administrative costs were 3% of revenues and fundraising costs were 59% of donations. CHEO Foundation does not disclose lottery costs separately from fundraising costs, thus Charity Intelligence has included lottery costs in the fundraising ratio, likely raising it significantly. As such, for every $1 donated, 38 cents went to the cause. This falls outside of Charity Intelligence’s reasonable range for overhead spending.

The Foundation has funding reserves of $73.4m, of which $18.1m are donor-endowed. Excluding donor-endowed funds, CHEO Foundation can cover annual grants to the hospital 3.6 times.

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

Updated on July 10, 2017 by Juliana Badovinac.