Trillium Health Partners Foundation

89 Queensway West, Suite 800
Mississauga, ON L5B 2V2
CEO: Steve Hoscheit
Board Chair: Olga Giovanniello

Charitable Reg. #:11924 5678 RR0001

STAR RATING

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✔+

FINANCIAL TRANSPARENCY

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

C+

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.

61%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 61 cents are available for programs.

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Programs

About Trillium Health Partners Foundation:

Founded in 1971, Trillium Health Partners Foundation (THPF) raises money to improve the quality of care provided at the three Trillium Health Partners hospital sites: Credit Valley Hospital, Mississauga Hospital, and Queensway Health Centre. In F2019, THPF granted $4.4m to Trillium Health Partners. Grants from the foundation are used to fund space enhancements and equipment purchases, research and education, and innovative programs and partnerships.

In F2019, Trillium Health Partners had 1.7 million patient visits, of which 276,003 were emergency and urgent care visits. THPF supported the purchase of a new MRI machine and the DaVinci Xi for robotic-assisted surgery.

Trillium Health Partners’ Institute for Better Health (IBH) conducts research to improve health by finding new solutions. In F2019, IBH was involved in 192 active research projects with $2.5m in total external research and innovation funding. THPF reports that more than 35 scholarships and bursaries are provided each year in support of medical education.

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Results and Impact

THPF funds Putting Patients at the Heart (PPATH), a service offered in partnership with Saint Elizabeth Health Care. Senior patients receive a home visit from an integrated care coordinator and can call a helpline for up to 30 days following surgery for information on symptoms and medication. The foundation reports that PPATH allows patients to return home from hospital an average of one day sooner, opening up the hospital bed for use by another patient. THPF also reports that the program has reduced post-surgery emergency department visits by 28% and hospital re-admission rates by 38%. The program benefits more than 1,000 patients per year and saves an estimated $950,000 in avoided healthcare costs associated with re-admissions.

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Finances

Trillium Health Partners Foundation received $19.6m in donations and special events revenue during F2019, making it a Major 100 charity, and one of Canada’s largest. Fundraising and administrative costs are 39% of revenues less investment income. For every dollar donated, 61 cents go to the cause, which is outside of Ci’s reasonable range for overhead spending. In F2019, the foundation spend $7.9m in fundraising and administrative costs to grant $4.4m to the hospitals. 

THPF has $71.2m in funding reserves which could cover 16.3 years of granting at the F2019 level or 6.5 years at the average granting level over the past 3 years. 

This charity report is an update that has been sent to Trillium Health Partners Foundation for review. Changes and edits may be forthcoming.

Updated on August 7, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending March
201920182017
Fundraising & admin costs as % of revenues 39.1%36.1%32.9%
Program cost coverage (%) 1,626.3%251.5%1,748.5%

Summary Financial Statements

All figures in $000s
201920182017
Donations 15,68216,89118,250
Special events 3,9024,1043,615
Investment income 1,9771,6613,334
Other income 6957070
Total revenues 22,25623,36325,199
Grants 4,38124,6214,064
Fundraising & administrative costs 7,9217,8337,182
Total spending 12,30232,45411,246
Cash flow from operations 9,954(9,091)13,952
Capital spending 139187435
Funding reserves 71,24461,92871,066

Note: Investment income has been adjusted to include unrealized gain on investment and income from investment in subsidy, affecting revenues by $19k in F2019, $75k in F2018, and $1.8m in F2017.

Salary Information

Full-time staff: 36

Avg. Compensation $112,238

Top 10 staff salary range

$350k +
1
$300k - $350k
1
$250k - $300k
0
$200k - $250k
2
$160k - $200k
1
$120k - $160k
3
$80k - $120k
2
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.trilliumgiving.ca
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