LHSF Moments of Triumph

2011 Financial Report

London Health Sciences Foundation has met the standards required to become a Better Business Bureau Accredited Charity and a member of Imagine Canada. We offer the following report as part of our commitment to ethical and transparent fundraising.

We raised $10.4 million* in direct donations last year. The cost for encouraging and collecting direct donations (major gifts, single/monthly/annual gifts, planned gifts, memorial gifts) to our Foundation accounted for 17.6 cents of every dollar raised last year.

Lotteries raised $5.6 million* last year. The cost for conducting our lotteries, including the cost of prizing, accounted for 19 cents of every dollar raised last year. These costs were completely covered by lottery ticket sales alone.

Events raised $3.3 million* last year. The cost for conducting signature events and for supporting community events accounted for 5 cents of every dollar raised. The cost of signature events was completely covered by sponsorship and event ticket sales.

Investments raised $1.8 million* last year. The cost for administration of the Foundation, including investment administration, accounted for 5 cents of every dollar raised.

*All figures are gross.

Statement of Financial Position
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Statement of Operations and Changes in Fund Balances
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