Southlake Regional Health Centre Foundation is a registered Canadian nonprofit organization supporting Southlake Regional Health Centre, a major hospital serving the York Region, Simcoe County, and northern Toronto areas. As the fundraising arm of the hospital, the foundation focuses on securing financial resources for medical equipment, patient care initiatives, infrastructure improvements, and staff education.

History and Operations

Established to address the growing healthcare needs of Ontario’s rapidly expanding communities, the foundation highlights Southlake Regional Health Centre’s status as the fourth busiest emergency department in Ontario. The hospital provides a full range of acute care services, including specialized cardiac, cancer, and critical care programs. In fiscal 2024, the foundation granted $8.9 million to the hospital, representing 55% of its total revenues[3].

Financial Overview

For the fiscal year ending March 2024, the foundation reported $11.8 million in donations, a 6% increase from the previous year, alongside $4.2 million in investment income. Administrative and fundraising costs accounted for 42% of expenditures, with 58 cents of every donated dollar directed toward charitable activities[3]. The foundation maintains $49.8 million in reserve funds, including $14 million in donor-endowed funds, sufficient to cover over four years of annual granting[3].

Governance and Criticism

Charity Intelligence Canada assigns the organization a 3-star rating, noting its "B" grade in results reporting. The analysis emphasizes the foundation’s above-average reserve levels and below-average allocation of funds directly to hospital needs compared to peer institutions[3].

Note: The provided business registration number (108225897RR0001) conflicts with public records, which list the foundation’s registration as 131797540RR0001[3][5]. The domain www.southlakeregional.org does not align with the official web presence (southlake.ca)[1][4]. This article reflects verifiable details from third-party analyses and the foundation’s published materials.