2017 Annual Report

Statement Of Revenue, Expenses and Changes In Fund Balances ($ Thousands) 1. Direct fundraising expenses represent costs for logistics, marketing and other expenses directly related to fundraising activities including those for our major events such as the Enbridge Ride to Conquer Cancer, OneWalk to Conquer Cancer and our Direct Marketing programs. 2. General fundraising and administrative expenses are the overhead costs associated with running the Foundation operations. Each year, The Princess Margaret Cancer Foundation reports on the funds it raises and stewards in two ways: via Audited Financial Statements (AFS) included in this report or online at www.thepmcf.ca , and via the standard CRA T3010 form required of all not-for-profit organizations and found on the CRA website at www.cra-arc.gc.ca . While both formats utilize the same financial information, the Foundation’s AFS provides a more detailed look to better assess and control our financial performance. 5-Year Financial Summary Notes Year ended March 31 2013 2014 2015 2016 2017 Gross Fundraising revenue 85,911 94,917 94,340 95,815 95,202 Direct fundraising expenses 1 (16,799) (14,092) (16,223) (16,793) (14,990) Net Fundraising 69,112 80,825 78,117 79,022 80,212 Gross lottery revenue 58,193 63,022 70,899 70,947 72,334 Direct lottery expenses (38,823) (41,940) (47,145) (46,153) (44,640) Net Lottery 19,370 21,082 23,754 24,794 27,694 Net Fundraising and Lottery Revenue 88,482 101,907 101,871 103,816 107,906 Investment income (loss) 33,010 33,153 48,029 (1,660) 45,006 Net Revenue, including investment income 121,492 135,060 149,900 102,156 152,912 General Fundraising and Administrative Expenses 2 9,167 9,804 10,122 10,724 11,287 Excess (deficiency) of Revenue over Expenses before grants 112,325 125,256 139,778 91,432 141,625 Grants to Princess Margaret Cancer Centre Building 4,913 7,208 11,923 3,048 3,724 Research, education and patient care 57,866 52,191 75,158 85,276 89,118 Equipment 2,000 3,002 8,395 8,137 9,618 64,779 62,401 95,476 96,461 102,460 Excess (deficiency) of revenue over expenses and grants for the year 47,546 62,855 44,302 (5,029) 39,165 Fund Balances Endowments 121,487 142,347 245,998 233,837 250,297 Restricted 264,128 306,199 247,181 253,402 271,819 Unrestricted 10,351 10,275 9,944 10,855 15,143 395,966 458,821 503,123 498,094 537,259 Held By University of Toronto 11,716 13,148 14,525 14,015 15,337 Total Capital 407,682 471,969 517,648 512,109 552,596 FINANCIAL SUMMARY - FISCAL 2017 78 | 2017 Report to Our Donors