Trillium Health Partners Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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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To improve the health and quality of life of the communities we serve
Health
Toronto, ON
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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
Fiscal year ending March
|
2019 | 2018 | 2017 |
|---|---|---|---|
| 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 StatementsAll figures in $000s |
2019 | 2018 | 2017 |
|---|---|---|---|
| Donations | 15,682 | 16,891 | 18,250 |
| Special events | 3,902 | 4,104 | 3,615 |
| Investment income | 1,977 | 1,661 | 3,334 |
| Other income | 695 | 707 | 0 |
| Total revenues | 22,256 | 23,363 | 25,199 |
| Grants | 4,381 | 24,621 | 4,064 |
| Fundraising & administrative costs | 7,921 | 7,833 | 7,182 |
| Total spending | 12,302 | 32,454 | 11,246 |
| Cash flow from operations | 9,954 | (9,091) | 13,952 |
| Capital spending | 139 | 187 | 435 |
| Funding reserves | 71,244 | 61,928 | 71,066 |
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
$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
Comments added by the Charity:
Charity Contact
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