Civic Intelligence

Hospital for Sick Children Foundation

EIN 98-0183325 • 501(c)3 • Toronto, Ontario, CA

Profile

Our Mission is to inspire our communities to invest in health and scientific advances to improve the health of children and their families in Canada and around the world.

525 University Ave Suite 1400Toronto, Ontario M5G 2L3CA

www.sickkidsfoundation.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

13th percentile

0.03x

Higher debt load relative to assets than 13% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2025

Liabilities / Revenue

14th percentile

0.12x

Higher debt load relative to revenue than 14% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2025

Net Margin

89th percentile

42%

Higher net margin than 89% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2025

Top Officer Pay

21st percentile

$819,108

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)3 • $1B+ nonprofits • Source year 2025

Asset Growth

56th percentile

8.5%

Faster asset growth than 56% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2024 to 2025

Revenue Growth

89th percentile

50%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$1,659,486,206

Up $129,892,402 (+8.5%) from 2024

Liabilities

Up

$48,962,711

Up $16,668,054 (+52%) from 2024

Net Assets

Up

$1,610,523,495

Up $113,224,348 (+7.6%) from 2024

Operations
Liabilities / Revenue14th percentileNet Margin89th percentile

Revenue

Up

$405,635,408

Up $135,281,463 (+50%) from 2024

Expenses

Down

$234,183,442

Down $2,145,213 (-0.9%) from 2024

Net Income

Up

$171,451,966

Up $137,426,676 (+404%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth56th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0B$1.5B$1.0B$500M$0Assets 2012: $841,044,009Liabilities 2012: $21,205,528Net Assets 2012: $819,838,4812012Assets 2013: $929,871,316Liabilities 2013: $25,382,568Net Assets 2013: $904,488,7482013Assets 2014: $959,955,721Liabilities 2014: $13,858,759Net Assets 2014: $946,096,9622014Assets 2015: $1,100,606,392Liabilities 2015: $28,914,009Net Assets 2015: $1,071,692,3832015Assets 2016: $1,065,746,165Liabilities 2016: $5,480,069Net Assets 2016: $1,060,266,0972016Assets 2017: $1,180,184,424Liabilities 2017: $15,580,293Net Assets 2017: $1,164,604,1312017Assets 2018: $1,211,978,894Liabilities 2018: $29,167,373Net Assets 2018: $1,182,811,5212018Assets 2019: $1,189,468,274Liabilities 2019: $11,842,931Net Assets 2019: $1,177,625,3432019Assets 2020: $1,035,774,950Liabilities 2020: $20,846,782Net Assets 2020: $1,014,928,1682020Assets 2021: $1,354,407,977Liabilities 2021: $16,926,413Net Assets 2021: $1,337,481,5642021Assets 2022: $1,413,653,877Liabilities 2022: $23,284,321Net Assets 2022: $1,390,369,5562022Assets 2023: $1,407,607,862Liabilities 2023: $26,845,408Net Assets 2023: $1,380,762,4542023Assets 2024: $1,529,593,804Liabilities 2024: $32,294,657Net Assets 2024: $1,497,299,1472024Assets 2025: $1,659,486,206Liabilities 2025: $48,962,711Net Assets 2025: $1,610,523,4952025

Highlighted filing

2025

Assets$1,659,486,206
Liabilities$48,962,711
Net Assets$1,610,523,495
Open 2025 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600M$400M$200M$0-$200MRevenue 2012: $135,227,460Expenses 2012: $92,662,229Net Income 2012: $42,565,2312012Revenue 2013: $153,462,117Expenses 2013: $126,238,075Net Income 2013: $27,224,0422013Revenue 2014: $162,949,213Expenses 2014: $165,156,958Net Income 2014: -$2,207,7452014Revenue 2015: $224,442,091Expenses 2015: $145,510,097Net Income 2015: $78,931,9942015Revenue 2016: $181,085,429Expenses 2016: $126,391,272Net Income 2016: $54,694,1572016Revenue 2017: $200,696,168Expenses 2017: $148,348,961Net Income 2017: $52,347,2072017Revenue 2018: $204,606,438Expenses 2018: $190,319,532Net Income 2018: $14,286,9062018Revenue 2019: $182,185,493Expenses 2019: $174,460,167Net Income 2019: $7,725,3262019Revenue 2020: $168,339,962Expenses 2020: $198,464,075Net Income 2020: -$30,124,1132020Revenue 2021: $255,488,296Expenses 2021: $136,109,188Net Income 2021: $119,379,1082021Revenue 2022: $271,360,006Expenses 2022: $200,523,082Net Income 2022: $70,836,9242022Revenue 2023: $247,321,992Expenses 2023: $247,618,780Net Income 2023: -$296,7882023Revenue 2024: $270,353,945Expenses 2024: $236,328,655Net Income 2024: $34,025,2902024Revenue 2025: $405,635,408Expenses 2025: $234,183,442Net Income 2025: $171,451,9662025

Highlighted filing

2025

Revenue$405,635,408
Expenses$234,183,442
Net Income$171,451,966
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,659,486,206
Liabilities
$48,962,711
Net assets
$1,610,523,495
Revenue
$405,635,408
Expenses
$234,183,442
Net income
$171,451,966
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1,659$49.0$1,611$406$234$171
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,530$32.3$1,497$270$236$34.0
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,408$26.8$1,381$247$248$0.30
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,414$23.3$1,390$271$201$70.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,354$16.9$1,337$255$136$119
2020Summary only. Only limited summary data is available for this year.$1,036$20.8$1,015$168$198$30.1
2019Summary only. Only limited summary data is available for this year.$1,189$11.8$1,178$182$174$7.73
2018Summary only. Only limited summary data is available for this year.$1,212$29.2$1,183$205$190$14.3
2017Summary only. Only limited summary data is available for this year.$1,180$15.6$1,165$201$148$52.3
2016Summary only. Only limited summary data is available for this year.$1,066$5.48$1,060$181$126$54.7
2015Summary only. Only limited summary data is available for this year.$1,101$28.9$1,072$224$146$78.9
2014Summary only. Only limited summary data is available for this year.$960$13.9$946$163$165$2.21
2013Summary only. Only limited summary data is available for this year.$930$25.4$904$153$126$27.2
2012Summary only. Only limited summary data is available for this year.$841$21.2$820$135$92.7$42.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Feb 17, 2026
Return Version
2024v5.0
Gross Receipts
$852,651,472
Mission and Program Overview

Mission

Our Mission is to inspire our communities to invest in health and scientific advances to improve the health of children and their families in Canada and around the world.

Our Mission is to inspire our communities to invest in health and scientific advances to improve the lives of children and their families in Canada and around the world. SickKids Foundation provides a critical source of funding to the Hospital for Sick Children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,500,793,713$1,628,246,300▲ $127,452,587
Rtn Earn Endowment Incm Other Fnds$1,497,299,147$1,610,523,495▲ $113,224,348
Savings and Temporary Cash Investments$14,643,288$15,021,199▲ $377,911
Land, Buildings, and Equipment, Net$1,189,998$6,810,786▲ $5,620,788
Accounts Receivable$3,546,845$5,657,186▲ $2,110,341
Prepaid Expenses and Deferred Charges$9,417,810$3,748,585▼ $5,669,225
Cash and Non-Interest-Bearing Accounts$2,150$2,150→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,529,593,804$1,659,486,206▲ $129,892,402
Liabilities
Grants Payable$15,597,412$26,232,047▲ $10,634,635
Accounts Payable and Accrued Expenses$16,399,465$22,237,792▲ $5,838,327
Deferred Revenue$297,780$492,872▲ $195,092
Total Liabilities$32,294,657$48,962,711▲ $16,668,054
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,497,299,147$1,610,523,495▲ $113,224,348
Total Liabilities and Net Assets / Fund Balance$1,529,593,804$1,659,486,206▲ $129,892,402

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,100,357$3,830,919$9,931,276
Other Land Buildings$657,254$3,530,531$4,187,785
Equipment$53,175$1,092,113$1,145,288
Buildings$0$0$0
Land$0-$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,213,298,576$10,710,221▲ $68,772,234$0$1,292,781,031
2023$1,104,830,747$37,412,411▲ $71,055,418$0$1,213,298,576
2022$1,108,619,396$14,935,521▼ $18,724,170$0$1,104,830,747
2021$1,085,919,322$27,452,079▼ $4,752,005$0$1,108,619,396
2020$803,175,685$159,636,577▲ $123,107,060$0$1,085,919,322
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer BernardPresident & Chief Executive OfficerFT$518,462$300,646$819,108
Emily PangChief Operating Officer, SecretaryFT$391,428$169,894$561,322
Heather ClarkChief Marketing OfficerFT$354,846$164,111$518,957
Colin HennigarChief Development OfficerFT$365,051$150,704$515,755
Neeraj MathurChief Information OfficerFT$322,462$145,784$468,246
Katherine TorranceVice PresidentFT$290,755$106,348$397,103
Mark GoldbloomVice President & Risk OfficerFT$253,362$70,718$324,080
Julie Garcia SjogrimVice PresidentFT$243,940$56,082$300,022
Nora ParadisFoundation DirectorFT$224,928$63,062$287,990
Rishie SinghFoundation DirectorFT$218,180$56,154$274,334
Noelle De la MotheFoundation DirectorFT$213,086$54,798$267,884
Jennifer DuncanFoundation DirectorFT$205,127$57,403$262,530
Alisa MackayFoundation DirectorFT$207,318$53,315$260,633
Kieran ShanahanVice PresidentFT$207,500$34,323$241,823
Nancy HorvathVice PresidentFT$180,940$29,930$210,870
Edward GarrardChief Executive Officer-$158,903$47,814$206,717
Angela MurphyVice PresidentFT$152,000$25,143$177,143

Board Members and Trustees

NameTitle
Kathleen TaylorDirector, Chair
Walied SolimanDirector, Chair, Vice Chair
Christian LassondeDirector, Vice Chair
Sonia BaxendaleDirector, Vice Chair
Emily KrouseVice President
Albert WangDirector
Barry McLellanDirector
Christina SorbaraDirector
Clare SellersDirector
Claudette McGowanDirector
Claudia HepburnDirector
Deland KamangaDirector
Desmond D'SilvaDirector
Douglas FarleyDirector
Dustin ReidDirector
Emily BurnettDirector
Erin DonohueDirector
Isaac Olowolafe JrDirector
Jake HermanDirector
Jeff KimelDirector
Jennifer SuessDirector
John FrancisDirector
Jordan BanksDirector
Jordan BitoveDirector
Jordan GnatDirector
Kevin Au-YeungDirector
Kevin KayeDirector
Lalit AggarwalDirector
Mary FederauDirector
Maryann TurckeDirector
Melissa KennedyDirector
Nilam GanenthiranDirector
Piyush BhatnagarDirector
Ronald CohnDirector
Sachin ShahDirector
Stephen ForbesDirector
Suzanne RogersDirector
V Prem WatsaDirector
Wesley HallDirector
Derek NeldnerDirector, Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Global Faces DirectDoor to Door Fundraising25 Lesmill Rd, Unit 9, Toronto, Ontario, Ca$4,769,839
Cairns Oneil Strategic Media IncMarketing, Seasonal, Lottery56 The Esplanade, Suite 401, Toronto, Ontario, Ca$3,264,692
Raffle Management GroupMarketing, Lottery2568 Hosberger Avenue, Jordan Station, Ontario, Ca$3,005,492
OMD CanadaMarketing67 Richmond St W, 2nd Floor, Toronto, Ontario, Ca$2,964,675
Public Outreach Consultancy IncMarketing207 West Hastings Street, Suite 1002, Vancouver, BC, Ca$2,341,696
Revenue and Support

Revenue Composition

Contributions and Grants
$195,070,376
Program Service Revenue
$0
Investment Income
$202,062,125
Other Revenue
$8,502,907
All Other Contributions
$183,136,383
Change in Net Assets
$171,451,966

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded262$13,271,649Market value
Other Non Cash Contri Table2$604,873Market value
Clothing and Household Goods-$235,988Proof of purchase
Other Non Cash Contri Table10$103,256Proof of purchase
Other Non Cash Contri Table1$98,254Proof of purchase
Other Non Cash Contri Table2$20,165Proof of purchase
Total Noncash Contributions277$14,334,185-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$163,730,644
Total Fundraising Expense$56,026,037
Salaries, Compensation, and Employee Benefits$34,535,972
Other Expenses$25,369,798
Professional Fundraising Fees$10,547,028

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$163,730,644--$163,730,644
Other Salaries and Wages$899,586$16,251,586$8,548,778$25,699,950
Fees for Services Professional Fundraising--$10,547,028$10,547,028
Fees for Services Other$138,309$4,208,054$2,404,906$6,751,269
Fees for Service Investment Mgmnt Fees$0$5,380,871$0$5,380,871
Advertising$0$3,182,821$1,810,641$4,993,462
Current Officers, Directors, Trustees, and Key Employees$0$4,492,731$0$4,492,731
All Other Expenses$1,323$2,797,317$349,369$3,148,009
Information Technology$13,369$2,410,542$16,203$2,440,114
Other Employee Benefits$80,063$1,446,391$760,841$2,287,295
Payroll Taxes$71,967$1,300,127$683,902$2,055,996
Office Expenses$59,657$676,357$399,122$1,135,136
Depreciation Depletion$0$553,397$0$553,397
Fees for Services Legal$0$315,630$0$315,630
Conferences and Meetings$3,007$216,991$83,363$303,361
Travel$895$162,605$79,504$243,004
Fees for Services Accounting$0$80,719$0$80,719
Insurance$0$22,140$0$22,140
Other Expenses$709,069$-31,048,763$30,342,380$2,686
Total Functional Expenses$165,707,889$12,449,516$56,026,037$234,183,442
International Activity

International Summary

Offices
1
Employees
246
Spending
$234,183,442

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America (including Canada and Mexico, but not the United States)GrantmakingAll Foundation activity occurs in Canada. See 990 Part 1.1 for description of our activities and mission.1246$234,183,442
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$29,589,830
Gaming Direct Expenses$24,393,862
Fundraising Gross Income$11,903,968
Professional Fundraising Fees$10,547,028
Fundraising Direct Expenses$3,527,489

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Million Reasons Run$2,673,265$35,504$864,714$-829,210
Great Cycle Challenge$6,035,122$22,470$1,919,730$-1,897,260
Total Events$22,022,903$11,903,968$3,527,490$8,376,478
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The CEO of the Hospital for Sick Children, the Chair of the Hospital for Sick Children Board of Directors are both full voting ex-officio members of the Board of The Hospital for Sick Children Foundation. As well, a trustee of the Hospital for Sick Children is appointed from the Board of Trustees of the Hospital for Sick Children to the Board of the Hospital for Sick Children Foundation.”

Form 990, Part VI, Section A, Line 7A

“The President and CEO of the Hospital for Sick Children will be a member of any future search committee for the recruitment of the President and CEO of the Hospital for Sick Children Foundation.”

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed in detail by the Associate Director, Finance and is responsible for managing the completion of the return. The 990 form is also reviewed in summary by the Director of Finance and the Chief Operating Officer.”

Form 990, Part VI, Section B, Line 12C

“The Board of Directors are provided with a Board manual that includes the Conflict of Interest policy. There is a Board Orientation which references Board policies that includes the Conflict of Interest policy. The Board is given access to a Board portal and the Conflict of Interest policy included on the portal. The Conflict of Interest policy and corresponding annual questionnaire is provided on the SickKids Foundation internal website applicable to all employees and non-Director Board Committee members. Completed questionnaires are made available to the Board and Legal Council for review as required.”

Form 990, Part VI, Section B, Line 15

“Review and recommendation of the compensation for the President and CEO and their direct reports (including all officers) is performed by the Board's Compensation/Resource Management Committee according to a written charter. The Committee consists of no less than three members of the Board, appointed annually by the Board. The Board then approves the compensation for the President & CEO and their direct reports (including all officers) based on the Committee's recommendations, both the general market and our peer group.”

Form 990, Part VI, Section C, Line 19

“Audited Financial Statements are available through our website at: https://microsite.sickkidsfoundation.com/annual-report-2024. Government documents and corporate policies are available upon request as required in and by U.S. and Canadian government filing documents.”

Filing and Contact Details

Filer

Filer Name
Hospital for Sick Children Foundation
EIN
98-0183325
Phone
4168136166
Address
CA
Doing Business As
SickKids Foundation

Signing Officer

Name
Emily Pang
Title
Chief Operating Officer, Secretary
Phone
4168131209
Signed
2026-02-17

Organization Details

Principal Officer
Jennifer Bernard
Formed
1972
Voting Board Members
36
Independent Board Members
36
Employees
0
Volunteers
125
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

“The Endowment Fund consists of externally restricted contributions received by the Foundation where the endowment principal is required to be maintained intact over the long term. The Endowment Fund also includes internal resources transferred by the Board of Directors with the intention that the principal be maintained intact, but may be drawn down to fund operating activities and grants as required. The Endowment Fund is preserved through the Foundation's Fund Unitization and Capital Preservation Policy ("Policy"). Investment income (loss) is allocated among the funds based on the Policy. The Policy established a payout amount based on 4.25% multiplied by the average of the current and two previous fiscal year's unit values multiplied by the number of units in the Endowment Fund, of which 0.75% is credited to the General Fund for administration. The remaining 3.5% is restricted to the purpose in which the donor originally designated the contribution to.”

Raw XML AppendixShowing 400 of 1,685 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0SickKids Foundation provides a critical source of funding to The Hospital for Sick Children. Through our annual grant to the Hospital, we support: SickKids Research Institute, covering case funding and supporting physicians and researchers who compete for research grants. Priorities identified by the Hospital, including clinical projects as well as the purchase of medical equipment. International projects identified by the Hospital, including the funding of international fellows to train at The Hospital for Sick Children. Training and education for the Hospital fellows, professorships, students, bursaries, conference attendance, lectureships, and awards.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Jennifer Bernard
IRS990/Form990PartVIISectionAGrp/PersonNm1Emily Pang
IRS990/Form990PartVIISectionAGrp/PersonNm2Heather Clark

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