IWK Health Centre Foundation
Halifax, NS B3H 4S2
President & CEO: Jennifer Gillivan
Board Chair: Steven Moore
Charitable Reg. #: 86755 8090 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
Impact Rating: Poor
Full-time staff #34
Avg. Compensation $81,751
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||7|
|$40k - $80k||1|
About IWK Health Centre Foundation:
Established in 1997, IWK Health Centre Foundation is the fundraising arm of IWK Health Centre in Halifax, Nova Scotia. It works in partnership with IWK Health Centre to support its vision of providing quality care to women, children, youth and families in the Maritime Provinces and beyond.
In F2016, IWK Health Centre Foundation granted $14m to IWK Centre. Of this grant, $11.4m was allocated to a specified and restricted fund, supporting areas of greatest need at IWK Health Centre. These areas include neonatal and paediatric intensive care, women's health, and mental health services for youth. Research and fellowships received $1.8m of the grant, while the remaining $911k was allocated to priority equipment.
In February 2017, IWK Health Centre Foundation concluded its ‘Breakthroughs in Care’ campaign, which raised $51.2m to redesign and create new space at IWK Health Centre for mental health, critical care, rehabilitation, women’s health, and research. During the campaign, IWK Health Centre built the Garron Centre for Child & Adolescent Mental Health and the IWK Kids’ Rehabilitation Centre. The foundation reports that new Intensive Care Units, a redeveloped Early Labour and Assessment Unit and an integrated Operating Room for Women’s Health will be opened in the coming years.
IWK Health Centre Foundation is a big-cap charity with $16.8m in donations and special events revenue in F2016. Administration and fundraising costs were 27% of revenues. As such, for every $1 donated, 73 cents went to the cause. This falls within Charity Intelligence’s reasonable range of overhead spending. The foundation has funding reserves of $71.6m, including $40.1m of donor-endowed funds. Excluding these funds, annual program costs can be covered by the charity 2.6 times.
This charity report is an update that is currently being reviewed by IWK Health Centre Foundation. Changes and edits may be forthcoming.
Updated June 5, 2017 by Juliana Badovinac.
Financial RatiosFiscal year ending March
|Fundraising & admin costs as % of revenues||27.2%||24.7%||25.6%|
|Program cost coverage (%)||512.3%||563.7%||448.5%|
Summary Financial StatementsAll figures in $000s
|Fundraising & administrative costs||4,998||4,855||5,117|
|Cash flow from operations||(2,508)||5,377||8,224|