Hamilton Health Sciences Foundation
Hamilton, ON L8P 1A4
President & CEO: Pearl Veenema
Board Chair: Jon Jurus
Charitable Reg. #: 13115 9543 RR0001
Grade: B-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #33
Avg. Compensation $107,684
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||2|
|$120k - $160k||0|
|$80k - $120k||6|
|$40k - $80k||0|
About Hamilton Health Sciences Foundation:
Founded in 1976, Hamilton Health Sciences Foundation (HHSF) raises money to fund equipment purchases, redevelopment costs, research, and training at five hospitals, a cancer care centre, and an urgent care clinic in the Hamilton area. The healthcare centres serve the 2.3 million people living in Hamilton, Halton, Niagara, Brant, Norfolk, and Haldimand. 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.
In F2018, Hamilton Health Sciences Foundation allocated $15.7m in grants to healthcare in Hamilton. Of the money granted, 41% was used to improve patient care including purchasing two microscopes for brain surgery, ultrasound machines, and five workstations on wheels for cancer care. HHSF also worked to improve patient care by purchasing entertainment and games for a Halloween party at McMaster Children’s Hospital.
HHSF allocated 38% of grants to redevelopment in F2018, funding building projects and the renovation of existing spaces. Hamilton Health Sciences opened a Child and Youth Mental Health Courtyard and the Joyce Centre for Healthcare innovation. Patient showers and a radiation bunker have been renovated.
In F2018, the remaining grant money funded research (19%) and training (2%). The foundation recognizes that the ongoing education of healthcare workers is crucial to maintaining Hamilton Health Sciences’ quality of care and research.
HHSF ended its Tomorrow Stems From You campaign to increase the number of cancer patients receiving stem-cell treatment by 50%. While the previous goal was to raise $3.5m, the campaign closed after raising $5m.
Results and Impact:
A cardiology team at Hamilton General Hospital has conducted the world’s first clinical trial of a hybrid imaging catheter. This device allows doctors to take two types of images from the inside of a patient’s artery.
Using funding from HHSF, Dr. Richard Sztramko and his team have created “iGeriCare”. This platform educates patients and their families about dementia.
Hamilton Health Sciences Foundation received $18.7m in donations during F2018, making it a Major 100 charity and one of Canada’s largest. Administrative costs are 13% of revenues less investment income, and fundraising costs are 20% of donations. For every dollar donated, 66 cents go to the cause, which is within Ci’s reasonable range for overhead spending. HHSF has funding reserves of $134.7m of which $21.1m is donor-endowed. Excluding donor-endowed funds, the foundation could grant at the F2018 level for almost eight years using reserves.
This charity report is an update that has been sent to Hamilton Health Sciences Foundation for review. Changes and edits may be forthcoming.
Updated on June 20, 2019 by Madison Kerr.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||13.3%||10.1%||9.6%|
|Fundraising costs as % of donations||20.4%||15.0%||14.8%|
|Program cost coverage (%)||860.7%||764.6%||971.1%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||(5,255)||8,377||12,528|