Michael Garron Hospital/Toronto East General Hospital Foundation
Toronto, ON M4C 3E7
President: Mitze Mourinho
Board Chair: Eric Tripp
Charitable Reg. #: 11925 9448 RR0001
Grade: C+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 #14
Avg. Compensation $88,785
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||5|
About Michael Garron Hospital/Toronto East General Hospital Foundation:
Michael Garron Hospital Foundation (formerly Toronto East General Hospital Foundation) is the fundraising arm of Toronto East Health Network. Toronto East Health Network consists of main campus Michael Garron Hospital (formerly Toronto East General Hospital) and teaching site facilities, including Flemingdon Community Health Centre, South East Toronto Family Health Team, and South East Toronto Family Health Team. Donations to the foundation are used to invest in technology, equipment, patient care amenities, and training at Toronto East Health Network.
On December 2, 2015, the Toronto East General Hospital reported that it received the biggest donation in Canadian community hospital history from Myron and Berna Garron who pledged $50 million to the hospital. The donation led to Toronto East General Hospital changing its name to Toronto East Health Network and the name of its main campus to Michael Garron Hospital. There has been some opposition against name changing a public hospital due to donations.
Michael Garron Hospital Foundation raised $13.0m and granted $1.8m to the hospital in F2018 as it starts its campaign to raise $100m. In F2017, the hospital had 220,000 outpatient visits, 76,542 emergency visits, 2,882 births, and 431 physicians and midwives. The same year, the foundation spent donations toward refurbishing a spinal table and purchasing a new holmium laser for urology patients, 11 intensive care unit ventilators, 3 3D Echo machines, 2 treadmills for the hospital’s Wellness Centre, and a paediatric Glidescope for the hospital’s emergency department.
In F2018, Michael Garron Hospital Foundation launched a $100 million campaign with 4 fundraising priorities: 1. embracing our community (a new entrance and atrium, community spaces, children's play area and gardens), 2. children and families (renovating space for youth mental health, a paediatric outpatient clinic, children play areas), 3. improved experience (renovating wards to 80% single-patient rooms, new diagnostics centre with new MRI and CT, and moving a CT scanner to reduce wait times), and 4. teaching with new classrooms and library, including research chairs and innovation fund.
Michael Garron Hospital Foundation is a large charity with donations of $13.0m in F2018. It reports its administrative and fundraising costs combined. Together these costs are 31% of revenues, a significant decrease from 44% in F2017 due to the increase in donations more than offsetting higher fundraising costs. For every dollar donated, 69 cents go to the cause which is within Ci’s reasonable range for overhead spending.
The foundation has funding reserves of $22.2m, including donor-endowed funds of $574k. Excluding donor-endowed funds, the funding reserve can cover grants 12 times. This high level reflects Garron Foundation's capital campaign. The foundation does not disclose any information about how these reserves or endowments are invested. One can assume ultra-conservatively since the investment returns range between 0.8% and 2.0% since F2013.
Full-time staff and average staff salaries for F2018 have not yet been posted by the Charities Directorate.
This charity report is an update that has been sent to Michael Garron Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on December 13,
Financial RatiosFiscal year ending March
|Fundraising & admin costs as % of revenues||30.5%||44.3%||39.6%|
|Program cost coverage (%)||1,229.5%||1,009.5%||246.6%|
Summary Financial StatementsAll figures in $000s
|Fundraising & administrative costs||3,981||3,019||3,016|
|Cash flow from operations||7,464||2,423||(412)|