Michael J. Fox Foundation

800-365 Bay Street
Toronto, ON M5H 2V1
CEO: Deborah Brooks
Vice President: Todd Sherer

Charitable Reg. #:83230 9892 RR0001

STAR RATING

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

[Charity Rating: 1/5]

FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

B-

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.

98%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 98 cents are available for programs.



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OVERVIEW

About Michael J. Fox Foundation:

Michael J. Fox Foundation is a 1-star charity. It has a below average results reporting score and it is not financially transparent. The charity's overhead costs are outside of Ci's reasonable range for overhead spending. Before you give, read Charity Intelligence's report. 

Founded in 2009, Michael J. Fox Foundation for Parkinson’s Research Canada (MJFF Canada) funds research to improve treatments and find a cure for Parkinson’s disease (PD). PD occurs when brain cells that make dopamine, a chemical that coordinates movement, stop working or die. This can result in symptoms ranging from tremors to balance and mobility issues. Over 100,000 Canadians are living with PD and approximately 6,600 new cases are diagnosed each year. Due to an aging population, researchers project the number of people with Parkinson’s will double by 2040.  

Michael J. Fox Foundation for Parkinson’s Research USA controls MJFF Canada’s operations and distributes research grants on its behalf. The charities share a common website and report on their granting activities and research outputs collectively. Ci could not determine any specific research areas that MJFF directs Canadian donations toward, based on its audited financials and public reporting. 

Michael J. Fox Foundation outlines six key research initiatives. The Parkinson's Progression Markers Initiative (PPMI) studies volunteers to measure changes in PD at its earliest stages. The charity states that there are 4,000 on-site participants and 100,000 online participants taking part in the study. The data accumulated from the PPMI study is equal to 47,520,000,000 typed pages. The Fox Insight project is a remote clinical study involving more than 30,000 people participating in online surveys. The Fox Trial Finder is an online tool that connects volunteers to studies in need of participants. MJFF’s Digital Health project funds researchers to monitor PD using wearable devices and smartphone applications. MJFF’s Specialist Training program offers training and fellowship opportunities for prospective researchers. Finally, the charity offers Edmond J. Safra Core Programs, which are funding opportunities for PD researchers. 

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Results and Impact

Michael J. Fox Foundation’s PPMI research initiative has been cited by more than 400 scientific papers. The PPMI study has also enabled 20 industry-sponsored drugs. The charity also states that as of F2020, more than 200 potential treatments are in clinical trials.  

While Ci highlights these key results, they may not be a complete representation of Michael J. Fox Foundation’s results and impact. 

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Finances

MJFF received donations of $1.3m in F2020, a 42% decrease from F2019. Administrative costs are 2% of revenues and the charity does not report any fundraising costs. For every dollar donated to the charity, 98 cents go to the cause. This falls outside of Ci’s reasonable range for overhead spending.  

MJFF has $2.6m in funding reserves, which can cover over 11 months of annual program and grant costs.  

In its annual filing with Charities Directorate, MJFF Canada does not report any full-time or part-time employees. It paid $15k in professional and consulting fees in F2020 (The charity’s F2021 filings are not yet available).  

This charity report is an update that has been sent to Michael J. Fox Foundation for review. Changes and edits may be forthcoming.  

Updated on July 26, 2022 by Emma Saganowich.  

Financial Review


Financial Ratios

Fiscal year ending December
202020192018
Administrative costs as % of revenues 1.7%1.3%1.2%
Fundraising costs as % of donations 0.0%0.0%0.0%
Total overhead spending 1.7%1.3%1.2%
Program cost coverage (%) 95.6%91.3%219.9%

Summary Financial Statements

All figures in $s
202020192018
Donations 1,293,2662,247,3371,572,820
Other income 2,8214,6252,485
Total revenues 1,296,0872,251,9621,575,305
Grants 2,732,1142,159,533815,190
Administrative costs 21,79828,88518,297
Fundraising costs 000
Other costs 8,39012,33318,343
Total spending 2,762,3022,200,750851,830
Cash flow from operations (1,466,215)51,211723,475
Capital spending 000
Funding reserves 2,611,5491,971,0561,792,652

Note: Ci adjusted for donations received by MJFF USA on behalf of MJFF Canada, affecting total revenues by $298k in F2020, $622k in F2019, and $519k in F2018. Ci adjusted for changes in grants payable, affecting grants and total expenses by $415k in F2020, ($805k) in F2019, and ($688k) in F2018. Ci adjusted for payments to MJFF USA, affecting grants and total expenses by $nil in F2020, $691k in F2019, and $nil in F2018. Ci adjusted for grants made by MJFF USA on behalf of MJFF Canada, affecting grants and total expenses by $1.3m in F2020, $673k in F2019, and $465k in F2018. Ci adjusted for expenses incurred by MJFF USA on behalf of MJFF Canada, affecting total expenses by $8k in F2020, $12k in F2019, and $18k in F2018. 

Salary Information

Full-time staff: 0

Avg. compensation: $0

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.michaeljfox.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1 800-708-7644

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Charitable Registration Number: 80340 7956 RR0001