Where your money goes
Donor support helps where government funding can’t always reach.
Your generosity enables UHN to be bold through innovation and help reimagine health care in Canada and around the world. With 5 hospitals, 6 research institutes and 1 school fully dedicated to health care education, UHN is Canada’s Hospital. Actively caring for more than 500,000 patients every year, UHN is also carrying out groundbreaking research every day to address the world’s most pressing health care challenges for patients, health care systems and societies at large.
Your donations at work
When we invest in research, patient care and education, we are driving discovery towards cures, improving quality of life for patients and their loved ones and helping train the next generation of health care leaders. Our donor community makes this possible and has helped make UHN the top research hospital in Canada and one of the top 5 hospitals worldwide according to Newsweek. Funds raised by UHN Foundation are granted to the hospital and go to support priority areas in patient care, education, research and capital projects.
Below is a snapshot of where your donations were allocated over the past three years.
*Building refers to UHN’s purchase of 522 University Avenue. Learn more about how this new building will expand UHN’s impact and support continued growth for patient care, research and education for Canada and around the world.
UHN Foundation’s fiscal year ends March 31. Revenue includes events, but excludes parking and lottery.
Your Impact at a Glance (2024/25)
See what happened when we are UHNITED
Together, we can make the impossible happen. Here’s just some of the cutting-edge and innovative ways we’re creating a healthier world.
Canada’s 1st
emergency centre for older adults, redefining the emergency experience for seniors.
Canada’s 1st
robotic knee replacement program, where precision guided surgery powers every step.
Canada’s 1st
hospital-led social housing initiative prescribing homes, not hospital stays.
Canada’s 1st
investigational therapy with stem cell-derived insulin-producing cells helping people with diabetes make their own insulin again.
Canada’s 1st
hospital-based psychedelic therapy trial in cancer care addressing the emotional toll of cancer.
Canada’s 1st
case of sustained HIV remission treating leukemia while eliminating HIV.
Canada’s 1st
donation after circulatory death heart transplant expanding access to life-saving heart transplants.
Integrating smart garments
with amputee rehab shifting rehab from observation to precision care.
Canada’s 1st
ocular stem cell transplant from non-living donors expanding access to sight-restoring treatment.
World 1st
digital health platform for heart failure delivering continuous care from the comfort of home.
Highlights
By breaking down barriers between mental and physical health, UHN and CAMH are redefining care.
UHN’s ambitious initiative aims to bring top scientific talent to Canada and turn discoveries into jobs, innovation and better care.
UHN’s teams, innovation and donor support help drive Toronto General to the world’s #2 spot.
UHN’s new surgical tower will house Canada’s largest concentration of surgical robots, helping transform the future of surgery.
Financial statements
UHN Foundation’s statements display our strong financial results in the areas of fundraising, cost-effectiveness and grants to support UHN. We adhere to these standards because we deeply value our relationship with donors and supporters. Without them we would not be able to achieve our fundraising vision for University Health Network.
Our commitment to you
UHN Foundation is committed to maintaining a responsible cost-per-dollar ratio. We remain accountable and fully transparent in our reporting when it comes to our administrative costs. As careful stewards of donor dollars and the responsible management of administrative expenses, we maximize every dollar received to be directed to research, education and patient care at UHN.
Cost per dollar raised is calculated by dividing the fundraising and administrative expenses by total revenue .
Governance
UHN Foundation is committed to maintaining fully accountable and transparent cost-per-dollar-raised ratios. By tightly controlling direct and general fundraising, as well as administrative expenses, we maximize the proportion of donor contributions that go to research, innovation and patient care. Transparency is at the heart of our success as a foundation, and the cornerstone of our approach to donor relationships. Our financial statements display our strong results in the areas of fundraising, cost effectiveness and grants to support University Health Network. We encourage you to access our audited financial statements and to access our Charity Information Return filed with the Canada Revenue Agency (Form T3010A), which is available on the Canada Revenue Agency website.
Investment management and philosophy
The investment approach for endowments has always been to manage the endowment fund with a long-term outlook, designed to ensure a consistent stream of income for fundholders. Therefore, a balanced investment strategy has been adopted which involves investment in publicly traded stocks and bonds. The Investment Committee of the Foundation’s Board of Directors establishes the return and risk parameters for the Foundation’s endowment funds, and is responsible for the selection of professional investment managers and the monitoring of their performance. Membership of the Committee includes leaders in the Canadian investment community.
The Foundation’s strong ‘cushion’ of protection of $138M at year-end is the result of our deliberate long-term approach of reinvesting all investment returns in excess of the annual payout and administration fee, currently at 3.5% and 1.5% respectively. This cushion exists to mitigate the impact of market volatility so that our fundholders can rely on a steady stream of income on an annual basis.
With all investments, there is an element of risk, and the Foundation has always endeavoured to manage the endowment funds judiciously. The Foundation will continue to monitor and review investment and payout policies in the context of the economic climate and the needs of UHN.
Please feel free to reach out and our team will be happy to help!
[email protected] | 1-877-846-4483