Cedars Cancer Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
C+
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.
71%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 71 cents are available for programs.
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OVERVIEW
About Cedars Cancer Foundation:
Cedars Cancer Foundation is a 2-star charity. It has a below-average results reporting grade and large funding reserves. Before you give, read Charity Intelligence’s report.
Founded in 1966, Cedars Cancer Foundation became a registered charity in 2008. Cedars Cancer Foundation (CCF) fundraises for McGill University Health Centre (MUHC). Its mission is to raise money that will go to improve the health and well-being of cancer patients and their families. It grants donations to clinical care, research, education, and supportive care services at MUHC. Cedars Cancer Foundation grants to four departments: Cedars Cancer Centre, the Hematology-Oncology Division of Montreal Children’s Hospital, the Cancer Research Program at the MUHC Research Institute, and the Rossy Cancer Network.
The Best Care for Life (BCFL) campaign was 27% of grants in F2021. BCFL was a partnership between Cedars Cancer Foundation and other foundations that support MUHC. It started in 2005 with the goal of raising $300 million to finance major capital projects and renovations, notably a land purchase and construction of the Montreal super hospital. The campaign finished successfully in 2016. CCF has a remaining pledge to fund BCFL $9.9 million over the next five years.
Patient care accounted for 31% of grants in F2021. Cedars Cancer Centre is MUHC’s cancer treatment hub. It receives 175,000 visits annually and treats 800 patients per day, with a Day Centre that has 50 chemo treatment stations. It has a $4 million CyberKnife that delivers high-dose radiation with pinpoint accuracy, reducing the risk of healthy tissue damage. The CyberKnife treats cancer tumours as small as 0.2 cm. This is useful for lung, brain, breast, and bone cancer tumour removal. The Cedars CanSupport program provides therapy, financial aid, emotional support, education services and other supports like art, meditation, and yoga. Within Montreal Children’s Hospital, there is a floor dedicated to Sarah Cook, a young cancer survivor who (with her family) created Sarah’s Fund with CCF. Sarah’s Floor has a 12-room inpatient unit and a Day Centre for children with blood cancers.
Research was 20% of grants in F2021. Cedars Cancer Foundation funds basic, clinical, and evaluative cancer research at the MUHC Research Institute.
Education was 21% of grants in F2021. Grants supported visiting professors to MUHC, fellowships, and public lectures, as well as educational resources for patients and health professionals.
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Finances
Cedars Cancer Foundation received $4.9m in donations and special events fundraising in F2021. Overhead costs are 29% of revenues (excluding investment income). For every dollar donated, 71 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Cedars Cancer Foundation holds $14.6m in funding reserves. This includes $4.0m in donor-endowed funds. Excluding donor endowments, the Foundation’s reserves can cover grants at current levels for 3.1 years.
Charity Intelligence has sent this update to Cedars Cancer Foundation for review. Changes and edits may be forthcoming.
Updated on July 18, 2022, by Lin Zhu.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
---|---|---|---|
Fundraising & admin costs as % of revenues | 28.6% | 43.8% | 43.9% |
Total overhead spending | 28.6% | 43.8% | 43.9% |
Program cost coverage (%) | 305.5% | 298.3% | 194.2% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 3,021 | 2,986 | 3,066 |
Special events | 1,928 | 3,501 | 4,116 |
Investment income | 2,980 | (726) | 398 |
Total revenues | 7,929 | 5,761 | 7,581 |
Grants | 3,671 | 3,154 | 4,881 |
Fundraising & administrative costs | 1,415 | 2,839 | 3,154 |
Other costs | 23 | 213 | 166 |
Total spending | 5,110 | 6,206 | 8,201 |
Cash flow from operations | 2,819 | (445) | (620) |
Capital spending | 0 | 267 | 0 |
Funding reserves | 14,615 | 12,110 | 12,567 |
Note: Ci included distributions in the calculation of expenses, affecting expenses by $3.7m in F2021, $3.2m in F2020, and $4.9m in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
3 |
< $40k |
2 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 514-656-6662