Grand River Hospital Foundation
Kitchener, ON N2G 1G3
Acting CEO: Stephen Swatridge
Board Chair: Diane Wolfenden
Charitable Reg. #: 88918 0394 RR0001
Grade: D+The 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 #19
Avg. Compensation $84,526
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||1|
|$80k - $120k||0|
|$40k - $80k||8|
About Grand River Hospital Foundation:
In 1995, Freeport Hospital Foundation and Kitchener-Waterloo Hospital Foundation merged to become Grand River Hospital Foundation (GRHF), located in Kitchener, Ontario. GRHF raises and provides funds for Grand River Hospital, emphasizing that the hospital needs new equipment, research, and training programs to provide the best care for patients. In F2018, $8.5m was granted to Grand River Hospital. In addition, more than 600 students in a variety of fields come to Grand River Hospital annually for their training.
The most recent annual report provided by Grand River Hospital Foundation is 2017. GRHF reported that Grand River Hospital is one of the first hospitals to use the Assessment Urgency Algorithm (AUA), which screens adults over 70, saving time and resources for the hospital. GRHF reports that, in 2016-2017, 68,514 patients accessed care at Grand River Hospital. This is a 15% increase from 2012. Since 2010, GRHF has granted more than $6.6 million for medical imaging equipment and projects. Other fundraising priorities of GRHF are cancer programs, mental health programs and general patient care.
Grand River Hospital Foundation is a large charity receiving $5.2m in donations in F2018. It also reported $2.5m in investment income. GRHF reported $15m in grants in F2018. In Ci’s analysis, grants were adjusted to reflect changes in grants payable – total grants paid out in F2018 were $8.5m. In F2018, administrative costs were 17% of revenues and fundraising costs were 38% of donations. For every dollar donated, 45 cents go to the cause. This is below Ci’s reasonable range for overhead spending.
GRHF has funding reserves of $29.7m, of which $2.9m are donor-endowed. Excluding endowed funds, the charity's funding reserves can support the charities activities for 3 years.
This charity report is an update that has been sent to Grand River Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on May 16, 2019 by Parker Thomlinson.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||17.1%||16.5%||12.1%|
|Fundraising costs as % of donations||38.4%||33.0%||18.8%|
|Program cost coverage (%)||349.6%||388.3%||696.7%|
Summary Financial StatementsAll figures in $000s
|Goods in kind||9||38||3|
|Cash flow from operations||(3,694)||(3,285)||2,303|