The Princess Margaret Cancer Foundation
Public foundation · Toronto, Ontario · BN 889007597RR0001 · Foundations · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($290,022,279) as filed with the CRA.
The Princess Margaret Cancer Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending March 31, 2024, it reported $338.6M in revenue and $290M in expenditures.
Its funding that year was roughly 19% from donations, 12% from other charities. In 2024, 326 other registered charities reported granting it a combined $31.3M.
Compared with 380 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 8% of peers. Its fundraising cost per donated dollar was higher than 93% of that peer group. Its highest-paid positions fell in the $350,000 and over range (7 positions in that band). The charity reported 125 permanent full-time positions.
As a grantmaker, it reported gifts to 1 qualified donee totalling $152.7M in 2024, the largest being $152.7M to University Health Network. Revenue has grown substantially over its filings on record here, from $223.6M in 2020 to $338.6M in 2024. Its filed list of directors and trustees shows 32 names.
In its own words
To make qualifying disburesements by way of gifts to university health network for the support of research and education in the field of oncology and the improvement of patient care and other related charitable activities carried on by or for the facilities known as the princess margaret cancer centre maintained and operated as priority programs for cancer research diagnosis and treatment at the university health network and to conduct manage and administer such activities as are incidental or conductive to the raising of money there fore.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $338.6M | $290M | — | $132M | $152.7M | $849.7M |
| 2023 | $301.3M | $290.9M | — | $140.4M | $144.9M | $801.2M |
| 2022 | $319.9M | $243.5M | — | $124.7M | $114M | $790.7M |
| 2021 | $311M | $206.6M | — | $88.3M | $113M | $714.3M |
| 2020 | $223.6M | $201.3M | — | $91.3M | $105.8M | $607.3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $152.7M to 1 qualified donee:
- University Health Network$152.7M
Received $31.3M from 326 charities:
- The Slaight Family Foundation$6.2M
- The Peter Gilgan Foundation$3M
- Jack and Buschie Kamin Foundation$1.7M
- Canadian Online Giving Foundation$1.5M
- Myhal Family Foundation$1M
- Lindy Green Family Foundation$1M
- The Myron and Berna Garron Charitable Foundation$1M
- BenefAction Foundation$811K
- The Tauba and Solomon Spiro Family Foundation$750K
- The Elizabeth and Tony Comper Foundation$600K
- Charitable Gift Funds Canada Foundation$554K
- UHN Foundation$516K
- Bhalwani Family Charitable Foundation$500K
- The Gerald Schwartz & Heather Reisman Foundation$500K
- The Taylor Family Foundation$500K
- The Nicholas Fidei Foundation$500K
- Jewish Foundation of Greater Toronto$462K
- The Ross Family Foundation$400K
- Greenrock Charitable Trust$333K
- GiftPact Foundation Inc.$306K
- Toronto Foundation$305K
- The Savvas Chamberlain Family Foundation$300K
- The Mariano Elia Foundation$300K
- Canada Gives$295K
- Longo Family Foundation$275K
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $350,000 and over7 positions
- $300,000–349,9991 position
- $200,000–249,9992 positions
- Permanent full-time positions125
- Total compensation, all staff$19.4M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Harry Goldgut (director); Sarah Bull (director); Aaron Schimmer (director); Greg Cochrane (director); Mark Allison (director); Nancy Carroll (director); David Engel (director); Reetu Gupta (director); Robert(bob) Dorrance (director); Eric Monteiro (director); Sean ST. John (director); Keith Stewart (director); Jochen Tilk (vice chair); Rohit Bhapkar (director); Helen Mallovy Hicks (treasurer); Jean-Francois Courville (director); Donna Young (director); Richard Rooney (chair); Humza Teherany (director); Judith Irving (director); Emily Walsh (director); Mary Flippelli (director); Bradly Wouters (director); Stacey Madge (director); Duncan Sinclair (director); Kevin Smith (director); Christie Love Thomas (director); Sam Ridesic (director); Jonathan McCain (director); Mary Robertson (director); Yousry Bissada (director); Jackie Nixon Gowdy (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Princess Margaret Cancer Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 889007597RR0001), or read how we compute the receipt.