Southlake Regional Health Centre Foundation is a 3-star charity with an average results reporting score. Its funding reserves can cover annual program costs for over 3 years. 

Southlake Regional Health Centre Foundation (SLRF) is the fundraising arm of Southlake Regional Health Centre, a full-service hospital located in Newmarket, Ontario. SLRF raises funds to support leading-edge patient care at Southlake Regional Health Centre, which the charity reports around 1.5 million people depend on. SLRF notes that Southlake Regional Health Centre is the fourth busiest emergency department in Ontario, and it had 111,885 visits in F2020. The Centre also facilitated 11,861 operating room procedures, tested close to 152,000 people for covid-19, and helped birth 2,600 babies, in F2020.

In F2021, Southlake Regional Health Centre Foundation granted the Centre $8.1m for equipment and technology purchases, capital upgrade and renovation projects, patient care, and staff education. Specifically, the Foundation works to fund the Centre's cardiac, cancer, surgical, mental health, maternal child & paediatrics, emergency, medicine, and men and women's health programs. No breakdown of spending by program was provided by the charity.

Equipment and Technology: This program works to fund new equipment or replace old equipment that the government does not provide funding for. In F2020, SLRF helped purchase 12 post-anesthetic care unit monitors for operating rooms, four echo consoles, a Hana orthopaedic table and a portable, digital X-Ray machine for the hospital.

Capital Upgrades and Renovations: SLRF supports the Centre by funding the upgrades, expansion, or upkeep of the Centre's physical infrastructure. The charity reports that Southlake Regional Health Centre sees 17 mental health patients on average in its emergency department daily, which means that its occupancy rate can be as high as 180%. Thus, in F2020, SLRF funded a new Emergent Mental Health Assessment Unit with six private rooms. The charity is currently working towards expanding the Adult Inpatient Mental Health Unit to increase its capacity by 400 people annually, as well as for a total hospital renovation.

Patient Care: Through this program, SLRF funds initiatives not covered by the government that improve patient care. In F2020, SLRF facilitated nearly 3,900 virtual family visits to connect patients with their loved ones during covid-19, and supported the 117,168 chemotherapy and supportive treatment visits as well as the 33,513 mental health outpatient visits the hospital saw in F2020.

Other funding went to staff education, to improve the training of the hospital's 629 physicians and 868 students.

Southlake Regional Health Centre Foundation had $12.5m in donations in F2021. Administrative and fundraising costs were reported together, and are 27% of revenues. For every dollar donated, 73 cents go to the cause, which is inside of Ci's reasonable range for overhead spending.

The Foundation has funding reserves of $38.3m, including $12.4m of donor-endowed funds. Excluding donor-endowed funds, funding reserves can cover annual grants for 3.5 years.

SLRF holds investments of $35.6m as of F2021, 56% of which is in equities, and 27% in bonds. Average return on investment in F2021 was 19%, and in F2020 was -7%, for a two year average of 6%.

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

Updated on August 5, 2021 by Rachel Leteta.