Holland Bloorview Kids Rehabilitation Hospital Foundation is a 3-star charity, with an above average results reporting grade and reasonable overhead spending. It is financially transparent and with its current reserves the charity can cover just under six years of annual grant costs. 

Founded in 1996, Holland Bloorview Kids Rehabilitation Hospital Foundation (HBF) funds patient services, research, and training in pediatric care. It supports Holland Bloorview Kids Rehabilitation Hospital, Canada’s largest children’s rehabilitation hospital. Located in Toronto, the hospital most commonly treats children with brain injuries, autism spectrum disorders, cerebral palsy, neuromuscular conditions, and other developmental disorders. HBF states that 75% of hospital patients have more than one diagnosis. 

HBF provides grants for research, care and community resources, and teaching at Holland Bloorview Kids Rehabilitation Hospital. 

Care and community resources were 47% of grants in F2023. HBF funds patient services and resources for families at Holland Bloorview Kids Rehabilitation Hospital. In F2023, the hospital received 8,709 total clients, 447 inpatient admissions, and 55,714 outpatient visits. HBF processed 922 applications through the Family Supported Fund, serving around 734 unique families.  

Research represented 44% of grants in F2023. HBF funds projects on childhood disabilities at the hospital's Bloorview Research Institute. Bloorview Research Institute has 13 research labs and centers. It has 36 scientists and investigators and 127 research trainees. There are two Canada Research Chairs and six hospital university endowed chairs.  

Teaching and learning made up the remaining 9% of grants. The hospital’s Teaching & Learning Institute helps to train future pediatric specialists. In F2023, the hospital supported 487 students. This included 199 clinical and non-clinical placement students, 149 nursing students, 71 medical students, and 68 research students. 

With the fiscal year end in March, HBF had not yet posted its F2023 audited financial statements at the time of this profile. 

Holland Bloorview Kids Rehabilitation Hospital Foundation received $15.8m in donations and special events revenue in F2022. Combined overhead costs are 26% of revenues (less investment income). For every dollar donated to the charity, 74 cents go to the cause. This is within Ci’s reasonable range for overhead spending. 

HBF has $103.8m in reserve funds. These are the charity’s cash and investments. The reserve funds include $95.1m in endowment funds, but the charity’s audited financial statements do not separate donor-endowed funds from internally-endowed funds. As such, no deduction for endowments is made to funding reserves. Total funding reserves can cover 592% or nearly six years of annual grant costs.  

The charity’s funding reserves contributed $6.3m in investment income in F2022, at an estimated rate of return of 6% ($20.1m at a return of 23% in F2021). Over the last ten years, Ci estimates that HBF’s investment returns have averaged 7%. 

HBF discloses related party transactions. It reported grants of $17.0m to Holland Bloorview Kids Rehabilitation Hospital in F2022 plus $484k in funds that were due from the prior year. It has committed $14.5m in future grants to the hospital. 

According to its annual CRA filing, HBF used external fundraisers in F2022. It paid $65k to external fundraisers but does not disclose how much they raised. This is a mandatory filing. 

Charity Intelligence has sent this update to Holland Bloorview Kids Rehabilitation Hospital Foundation for review. Changes and edits may be forthcoming. 

Updated on July 12, 2023 by Alessandra Castino.