Toronto, ON M5G 2L3
CEO: Ted Garrard
Board Chair: Kathleen Taylor
Charitable Reg. #: 10808 4419 RR0001
Grade: BThe 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 #181
Avg. Compensation $109,040
Top 10 Staff Salary Range
|$300k - $350k||2|
|$250k - $300k||5|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About SickKids Foundation:
Founded in 1972, SickKids Foundation is the fundraising charity for The Hospital for Sick Children (SickKids) in Toronto. The hospital reports that it is Canada’s most research-intensive hospital and Canada’s largest centre focused on children’s health. In F2018, the Hospital received 316,021 ambulatory visits, admitted 16,832 patients, and performed 12,529 surgeries.
In F2018, the foundation raised and earned $208.1m and granted $141.4m (68% of total revenues and investment income). SickKids Foundation's grants included $135.4m to SickKids Hospital. Of total grants, 55% was allocated to research, 32% to patient care, 5% to education, 5% to other programs across Canada, and to international programs.
In its F2018 annual report, SickKids Foundation states that it funded the renovations of SickKids’ orthopedic operating suite with new equipment and technology in 2017. The foundation also purchased a Positron emission tomography and computerized tomography (PET/CT) scanner, which emits less radiation than older models.
The SickKids Research Institute had 1,819 research staff and 2,695 research trainees who worked on research projects in F2018. In F2018, the foundation awarded seven research grants to researchers across Canada studying childhood disease and conditions and provided six $5,000 grants toward conferences that are organized by and/or for families with sick children.
Recent News: In October 2017, SickKids Foundation launched a $1.3b campaign to spend $600m toward a new hospital (to build two new towers in downtown Toronto), $600m toward research, and $100m toward establishing healthcare partnerships to improve patient care. In June 2019, SickKids Foundation received $100 million donation from Peter Gilgan Foundation. As of June 2019, SickKids has raised $914m, 70% towards its goal.
May 2019, Hospital for Sick Children announces Dr. Ronald Cohn as new President and CEO. Dr. Cohn has been with SickKids Hospital since 2012, most recently as Paediatrician-in-Chief. Dr. Cohn is recognized for excellence in clinical care and genetics research. Dr. Cohn replaces Dr. Mike Apkon (2018-2014) from the Children's Hospital in Philadephia who lead SickKids safety and operational improvements to reduce preventable deaths, among other initiatives.
Results and Impact:
A 2017 survey, done by guardians on their satisfaction around the level of communication on patient safety, graded SickKids at 64.50, exceeding the hospital’s target of 62.00. In terms of research, the foundation reports that one of SickKids’ labs using CRISPR – a gene-editing technology – was the first to remove a duplicated gene in a lab setting, effectively correcting the cause of the disease.
SickKids Foundation is a Major 100 charity, with $146.4m in donations and special events revenues in F2018. Administrative costs were 5% of revenues and fundraising costs were 28% of donations. For every dollar donated, 68 cents went to the cause, which is within Ci’s reasonable range for overhead spending.
In F2017, SickKids Foundation used external fundraisers as part of its fundraising activities. The foundation paid $6.4m to external fundraisers that collected $17.3m in donations. As such, fundraising costs for external fundraisers were 37%. F2018 information was not available at the time the profile was updated.
SickKids Foundation has funding reserves of $1.2 billion dollars, of which $641.3m are donor endowed. Excluding donor-endowed funds, the foundation can cover 5.1 years of annual grants. For additional information, please read SickKids Foundation's comment below.
The foundation reports grant commitments of $69.9m for F2019, $25.1m for F2020, and $25.1m for F2021.
This charity report is an update that has been sent to SickKids Foundation. Changes and edits may be forthcoming.
Updated on August 15, 2018 by Joeyanne Cheung.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||4.6%||4.8%||4.4%|
|Fundraising costs as % of donations||27.6%||26.6%||24.0%|
|Program cost coverage (%)||849.8%||1,113.2%||1,226.1%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||1,369||1,502||1,634|
|Cash flow from operations||19,540||106,510||(7,784)|