IWK Health Centre Foundation

5855 Spring Garden Road Suite B220
Halifax, NS B3H 4S2
President & CEO: Jennifer Gillivan
Board Chair: Barry Mason

Charitable Reg. #:86755 8090 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 1/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

D+

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

59%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 59 cents are available for programs.



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OVERVIEW

About IWK Health Centre Foundation:

IWK Health Centre Foundation is a 1-star charity. It has a D+ in results reporting, meaning it publically reports little information on its grants and their impact. The charity has $86m in funding reserves that can cover grants for over 10 years. Before you give, read Charity Intelligences report. 

Founded in 1997, IWK Health Centre Foundation (IWK Foundation) fundraises and provides grants to IWK Health Centre in Halifax, Nova Scotia. The main granting areas are research, healthcare programs, patient care areas, and equipment purchases. The charity does not provide a full breakdown of its spending on its programs.

IWK Foundation's research funding goes into two major areas. The Terry Fox PROFYLE is a precision oncology program for young cancer patients. It brings together a team of 50 Canadian leaders in pediatric cancer research to improve the lives of young Canadians with high-risk cancers. IWK Foundation also gives out research grants including Project Grants, Mentored Grants, Matching Grants, Personal Support Grants, and a Post Doc Fellowship.

In F2021, IWK Foundation funded three healthcare programsIWK’s SeaStar Child and Youth Advocacy Centre provides forensic interviews to improve childhood abuse and trauma. IWK’s therapeutic clown interacts with approximately 30 IWK patients each day. The music therapy program supports patients and their families throughout their healthcare journey.

In F2021, IWK Foundation renovated or maintained three patient care areas. The Neonatal Intensive Care Unit (NICU), which recently underwent a complete transformation, has 38 rooms that offer a family-centred space. The Garron Centre for Child & Adolescent Mental Health is an acute inpatient care facility supporting children and youth. It has private rooms, a classroom, a comfortable common area, an exercise room and an open-concept nursing station. The Joyce Family Kids' Rehabilitation Centre provides an environment that supports family-centred care.

In F2021, IWK Foundation funded equipment purchases including side rails of the Powermatic tables, chest retractors, and wireless smart beds.

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Finances

IWK Health Centre Foundation received $9.8m in donations and special events fundraising revenue in F2021. Administration costs are 16% of revenues (excluding investment income), and fundraising costs are 25% of donations and special events revenues (excluding investment income). This resulted in overhead costs of 41%. For every dollar donated, 59 cents go to IWK Foundation’s programs. This is within Charity Intelligence’s reasonable range for overhead spending. 

IWK has funding reserves of $86.5m, that cover charity operations at current levels for 10 years and 9 months. 

This charity report is an update that was sent to IWK Health Centre Foundation for reviewChanges and edits may be forthcoming. 

Updated June 2, 2022 by Lin Zhu. 

Financial Review


Financial Ratios

Fiscal year ending March
202120202019
Administrative costs as % of revenues 15.7%16.6%12.3%
Fundraising costs as % of donations 24.9%23.6%21.9%
Total overhead spending 40.6%40.3%34.2%
Program cost coverage (%) 1,074.4%922.0%613.2%

Summary Financial Statements

All figures in $000s
202120202019
Donations 3,9993,9705,417
Goods in kind 3558091,047
Government funding 53800
Special events 5,7726,9907,573
Investment income 15,186(5,030)1,622
Other income 2,3261,3951,693
Total revenues 28,1768,13417,352
Program costs 8,0557,82212,944
Administrative costs 2,0412,1881,930
Fundraising costs 2,4372,5912,844
Total spending 12,53312,60117,718
Cash flow from operations 15,644(4,467)(365)
Capital spending 000
Funding reserves 86,54072,12079,376

Note: Ci included investment gains (losses) in revenues, affecting revenues by $15.2m in F2021, ($5.0m) in F2020, and $1.6m in F2019. Ci also included the change in payables to IWK Health Center ($1.5m in F2021, $2.9m in F2020, $5.9m in F2019) in the foundation's program costs.

Salary Information

Full-time staff: 39

Avg. compensation: $72,273

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
1
$120k - $160k
0
$80k - $120k
6
$40k - $80k
2
< $40k
0

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: iwkfoundation.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 902-470-8085

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