The Arthritis Research Foundation is a Canadian nonprofit organization dedicated to supporting and advancing research focused on arthritis. It is registered under the Canadian Income Tax Act as a public foundation, which exempts it from income taxes and enables it to channel resources for arthritis research and related activities.

Overview

The foundation operates with the mission to improve the lives of people affected by arthritis through funding and promoting innovative research. Its efforts are aligned with the broader goal of finding better treatments, prevention methods, and ultimately a cure for arthritis.

Financial Structure and Governance

According to its financial statements for the year ending March 31, 2024, the Arthritis Research Foundation held assets totaling over 27 million Canadian dollars, including significant investments and current assets such as cash and accounts receivable. Its liabilities were modest in comparison, comprising accounts payable, accrued liabilities, and amounts due to related entities. The foundation's fund balances included an Endowment Fund, a Restricted Fund, and a General Fund, reflecting a diversified approach to managing its financial resources responsibly.

The governance of the foundation involves a board of directors overseeing its operations and financial management, ensuring transparency and accountability in its use of funds and adherence to its charitable objectives.

Role in Arthritis Research in Canada

While the Arthritis Research Foundation itself is a key supporter and funder, it complements the work of other major Canadian organizations dedicated to arthritis research, such as Arthritis Research Canada and the Arthritis Society Canada. These organizations collectively work toward advancing clinical research, early diagnosis, prevention strategies, and improved treatment options for arthritis patients across Canada.

The foundation's funding supports groundbreaking research initiatives and helps sustain the infrastructure necessary for ongoing scientific discovery. Through this financial backing, it contributes to a shared vision where people with arthritis can experience improved quality of life and better health outcomes.

This article is based on publicly available financial and organizational information about the Arthritis Research Foundation (Business Registration Number: 119290773RR0001) and its role within the Canadian arthritis research landscape[5].