Hamilton Health Sciences Foundation

1 King St. W, Suite 702
Hamilton, ON L8P 1A4
President & CEO: Pearl Veenema
Board Chair: Kathy Thomas

Charitable Reg. #:13115 9543 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]



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



Grade based on the charity's public reporting of the work it does and the results it achieves.



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 65 cents are available for programs.

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About Hamilton Health Sciences Foundation:

Founded in 1976, Hamilton Health Sciences Foundation (HHSF) raises money to fund activities at Hamilton Health Sciences (HHS), including Hamilton General Hospital, Juravinski Hospital and Cancer Centre, McMaster Children’s Hospital, and St. Peter’s Hospital. HHSF operates under different names for marketing purposes: McMaster Children’s Hospital Foundation, Hamilton General Hospital Foundation, Juravinski Hospital and Cancer Centre Foundation, and St. Peter’s Hospital Foundation.  According to the Foundation, HHS serves a region of 2.3 million people across south-central Ontario. HHSF funds four core pillars at HHS: equipment, redevelopment, research, and education. In F2020, HHSF granted $13.6m to HHS.

In F2020, HHSF allocated 49% of total grants to equipment purchases. In F2020, HHSF funded the purchase of two cardiorespiratory monitors, 15 incubators, ten ventilators, ten monitors and probes, two cerebral function monitors, two cooling-and-warming machines, and ten syringe feeding pumps.

HHSF allocated 26% of total grants to redevelopment in F2020, including building projects and renovation of existing spaces. In F2020, the HHS opened the Ron and Nancy Clark Stem Cell Transplantation and Cellular Therapies Unit.

In F2020, HHSF allocated 23% of total grants to research and fellowships. In F2020, HHSF supported nine research chairs and funded three covid-19-related projects. HHSF allocated the remaining 2% of grants to education and bursaries.  

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Results and Impact

In F2020, Juravinski Hospital and Cancer Centre became the first hospital in Ontario to provide CAR T-cell therapy as a standard option for patients with lymphoma. Additionally, it is the first hospital in Canada to provide the therapy on an outpatient basis.

While Charity Intelligence highlights these key results, they may not be a complete representation of Hamilton Health Sciences Foundation’s results and impact. This charity is not yet rated on impact (n/r).

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Hamilton Health Sciences Foundation had total donations of $18.1m in F2020. Additionally, the Foundation received $645k in lottery income, less lottery expenses. Combined administrative and fundraising costs are 35% of total revenues (excluding investment income). For every dollar donated, 65 cents go to the cause, which is just within Ci’s reasonable range for overhead spending.

HHSF has $145.6m in funding reserves, of which $17.9m is donor endowed. Excluding donor-endowed funds, the Foundation could grant at the same level for just over 10 years with reserves. This is a significant increase from F2019, in which the Foundation could cover 392% of annual grants with reserves. This increase is due to a 57% decrease in total grants and a 5% increase in funding reserves from F2019 to F2020. The Foundation could cover just over 7 years of funding at its 3-year average grant level. 

Charity Intelligence sent an update of this report to Hamilton Health Sciences Foundation for review. Changes and edits may be forthcoming.

Updated on June 30, 2021 by Sydney Olexa.

Financial Review

Financial Ratios

Fiscal year ending December
Fundraising & admin costs as % of revenues 34.6%30.2%34.2%
Total overhead spending 34.6%30.2%34.2%
Program cost coverage (%) 1,008.8%391.9%802.6%

Summary Financial Statements

All figures in $000s
Donations 18,11121,13818,657
Lotteries (net) 645558521
Investment income 8,49020,379(2,409)
Total revenues 27,24742,07516,769
Grants 13,55431,74915,652
Fundraising & administrative costs 6,2726,3856,373
Total spending 19,82638,13422,024
Cash flow from operations 7,4203,941(5,255)
Capital spending 721958
Funding reserves 145,609138,543134,714

Note: Ci has presented lottery income as net of expenses, affecting revenue and expenses by ($726k) in F2020, ($559k) in F2019, and ($509k) in F2018. Gross funding reserves include cash and equivalents, investments, and mortgage receivable less funds held in trust – due to Hamilton Health Sciences.

Salary Information

Full-time staff: 31

Avg. compensation: $121,914

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

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


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Charitable Registration Number: 80340 7956 RR0001