This past April marked the first
anniversary of our five-year Billion
Dollar Challenge, and thanks to our
community of supporters, we are off to
an excellent start. We have secured $257
million in donor funding and research
grants to enable the Princess Margaret
Cancer Centre to lead the revolution in
Personalized Cancer Medicine. We’re
proud to be raising money for a cancer
research centre that is considered one
of the top 5 in the world, and where
patient-centred, compassionate care is
always the primary goal.
The Billion Dollar Challenge is a
partnership between the accomplished
scientists and researchers at the cancer
centre and the fundraisers at the
Foundation—each group will raise $500
million over the five-year campaign.
In fiscal 2013, we raised a record $88.5
million in support of Princess Margaret
Cancer Centre. Funds raised are already
being utilized by our clinicians and
researchers who have the expertise,
intelligence and courage to advance
Personalized Cancer Medicine for Canada
with impact around the world.
Our general fundraising and
administrative expenses—the
costs associated with running the
Foundation—are managed carefully.
This year, these costs came to 10.4% of
total net fundraising revenue, putting
us among the best-in-class relative to
our peers across the country. We also
raised $1.2 million per full-time employee
making The Princess Margaret Cancer
Foundation one of the most efficient and
effective charities in Canada.
We would like to thank you for your
continued support. You enable the
people at the Princess Margaret Cancer
Centre to do their amazing work as they
strive to conquer cancer in our lifetime.
Stephen Bear
Chair
Paul Alofs
President & CEO
Personalized Cancer Medicine
is within our sight… Believe It!
A Message from the President & CEO and the Chair of the
Foundation Board
