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Health Sciences Centre Foundation

PW112-700 William Ave
Winnipeg, MB R3A 1R9
President & CEO: Jonathon Lyon
Board Chair: Tina Jones

Charitable Reg. #: 11895 5012 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Results Reporting

Grade: C-

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

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2016 2017 2018
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #15

Avg. Compensation $95,904

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 2
$80k - $120k 2
$40k - $80k 5
< $40k 0
Information from most recent CRA Charities Directorate filings for F2018

About Health Sciences Centre Foundation:

Founded in 1976, Health Sciences Centre Foundation (HSCF) raises money for equipment purchases, building projects, research, and training at Health Sciences Centre Hospital. The hospital treats more than 850,000 patients each year from Manitoba, Northwestern Ontario, and Nunavut.

HSCF allocated $4.5m in grants to the hospital for Varian Edge equipment, representing more than half of the grant money distributed in F2018. The Varian Edge was installed in 2016 and has treated over 100 patients. The machine delivers radiation to some tumours. Requiring only five treatments, tumour growth has been stopped in some patients. The Varian Edge radiation is a non-invasive alternative to cancer surgery. In F2018, the hospital installed an add-on to the Varian Edge which improves the machine’s accuracy by tracking tumour movement while the patient breathes.

In F2018, HSCF granted $1.2m to Kleysen Institute for Advanced Medicine, where an MRI can be used during surgery, which treats brain tumours, head trauma, strokes, and aneurysms.

HSCF funds research at Health Sciences Centre and University of Manitoba. Research grants awarded in F2018 include projects examining brain cancer, hybrid MRI/PET brain imaging options, and brain treatments for people with intellectual disabilities and autism.

Results and Impact:

In F2017, Health Sciences Centre Foundation awarded Dr. Marcus Ng a research grant of $70,000. By examining the eye movement of epileptic patients while they sleep, Dr. Ng has been able to identify and remove the part of the brain causing seizures. HSCF reports that the first patient to undergo this procedure has not experienced any seizures since treatment. It estimates that approximately 3,300 Manitobans with epilepsy could benefit from the procedure.

Financial Review:

Health Sciences Centre Foundation is a large charity with donations of $6m in F2018. HSCF received $2.6m in revenue from lotteries net of expenses, representing 25% of revenues. Administrative costs are 10% of revenues and fundraising costs are 13% of donations. For every dollar donated, 77 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

Health Sciences Centre Foundation has $34.8m in funding reserves, of which $16.6m is donor-endowed. Excluding donor-endowed funds, HSCF could continue granting at the F2018 level for more than two years using reserves.

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

Created on May 17, 2019 by Madison Kerr.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 10.3%10.8%6.9%
Fundraising costs as % of donations 13.3%13.7%7.0%
Program cost coverage (%) 407.7%803.4%702.3%

Summary Financial Statements

All figures in $000s
Donations 6,0394,9798,479
Lotteries (net) 2,6002,501860
Business activities (net) 28423555
Investment income 1,5852,4311,003
Total revenues 10,50710,14610,397
Grants 8,5254,2123,737
Administrative costs 916833649
Fundraising costs 803680590
Cash flow from operations 2624,4215,422
Funding reserves 34,75433,83726,244
Note: Grants reported by Ci may be overstated by including the financial line item, major and planned gifts.

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