William Osler Health System Foundation
Brampton, ON L6R 3J7
Board Chair: Kulvir Singh Gill
President: Ken Mayhew
Website: www.oslerfoundation.org
Charitable Reg. #: 12996 5133 RR0001
Charity Rating
Donor Accountability
Grade: C+
The grade is based on the charity's public reporting of the work it does and the results it achieves.Financial Transparency
Need for Funding
Spending Breakdown
Full-time staff #21
Avg. Compensation $103,637
Top 10 Staff Salary Range
| $350k + | 0 |
| $300k - $350k | 1 |
| $250k - $300k | 0 |
| $200k - $250k | 1 |
| $160k - $200k | 0 |
| $120k - $160k | 4 |
| $80k - $120k | 4 |
| $40k - $80k | 0 |
| < $40k | 0 |
About William Osler Health System Foundation:
Founded in 2002, the William Osler Health System Foundation is the fundraising arm of the William Osler Health System, a community health care centre consisting of Brampton Civic Hospital, Etobicoke General Hospital, and Peel Memorial Centre for Integrated Health & Wellness. Funds raised by the foundation support equipment, education, and research priorities at the William Osler Health System. 100% of new equipment and 10% of new space is funded by community donations. In F2015, the foundation granted $1.6m to the William Osler Health System, of which 69% was spent on equipment and capital projects, 23% on patient care, and 8% on education and research.
Financial Review:
In F2015, the William Osler Health System Foundation's administrative costs were 10% of revenues while fundraising costs were 35% of donations. Total overhead costs of 44% fall outside of Ci's reasonable range. The William Osler Health System Foundation has funding reserves of $15.6m, including donor-endowed funds of $52k. The total funding reserve can cover annual grants for 10 years. Program cost coverage went up dramatically, from 3.8 years in F2013 to 10 years in F2015, because grants to the William Osler Health System decreased from $2.5m in F2013 to $1.6m in F2015 and funding reserves increased by $6.2m due to significant surpluses in F2014 and F2015.
Financial RatiosFiscal year ending June |
2015 | 2014 | 2013 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.7% | 11.8% | 13.2% |
| Fundraising costs as % of donations | 34.7% | 42.0% | 43.1% |
| Program cost coverage (%) | 1,006.0% | 747.0% | 381.3% |
Summary Financial StatementsAll figures in $000s |
2015 | 2014 | 2013 |
|---|---|---|---|
| Donations | 8,041 | 6,655 | 5,442 |
| Investment income | 1,103 | 553 | 426 |
| Total revenues | 9,144 | 7,208 | 5,869 |
| Grants | 1,551 | 1,551 | 2,465 |
| Administrative costs | 782 | 782 | 720 |
| Fundraising costs | 2,794 | 2,794 | 2,348 |
| Cash flow from operations | 4,018 | 2,082 | 336 |
| Funding reserves | 15,600 | 11,584 | 9,399 |
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The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publically-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability. No attempt has been made to examine the effectiveness of the charities' programs.
Comments added by the Charity:
William Osler Health System Foundation (Osler Foundation) believes in being both efficient and effective in meeting its mission to build and foster relationships to raise funds to support William Osler Health System’s (Osler) capital, education and research priorities.
With the support of the community, Osler Foundation has helped fund the building and equipping of Brampton Civic Hospital, opened in 2007. The Foundation is now in the process of raising funds to build the new Peel Memorial Centre for Integrated Health & Wellness in Brampton, to fund a new four-storey, five-level wing at Etobicoke General Hospital, and to continue to equip Brampton Civic’s much needed programs and services.
Fundraising efforts respect the donor community’s preferred methods of engaging with Osler Foundation, which includes community events. With the funding opportunity that lies ahead, Osler Foundation and its Board of Directors is balancing revenues and expenses with a new focus on significantly building major gift fundraising capacity which will positively impact both efficiency and effectiveness.
Financial Reserves
Osler is in an unprecedented time of growth, requiring a large funding reserve to meet the increased funding requirements at major building milestones.
Transparency
Osler Foundation believes in transparency and informed giving. We encourage the public to visit the “Accountability to our Donors” pages which include our financial statements on Osler Foundation’s website (www.oslerfoundation.org), as well as Osler’s website (www.williamoslerhc.on.ca) to see how donations are making a difference, every day, to patients. We welcome direct inquiries and thank all donors for their support as Osler strives to achieve its Vision of delivering ‘Patient-inspired health care without boundaries’.