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President & Board Chair's Message

Paul Alofs & Stephen BearThis 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. There are many studies and promising initiatives underway at our cancer centre that we are pleased to tell you about in this report.
 
Cancer now affects so many in our community and our country, and on our webiste, you’ll read just a few of the stories of courage and dedication that inspired the donors and fundraisers who work on our behalf. This includes the historic gift of $50 million by Emmanuelle Gattuso, her husband Allan Slaight, and the Slaight family. Our sincere appreciation goes out to them for their leadership, as well as to:
 
  • the Campbell Family for their continued generous support of $7.5 million this year
  • the many organizers of the 140+ community events benefiting Princess Margaret Cancer Centre
  • the 4,852 riders in the Enbridge Ride to Conquer Cancer and the 129,372 donors who supported them
  • the 4,590 participants in the Shoppers Drug Mart Weekend to End Women’s Cancers and the 73,037 donors who supported them
  • the 16,000+ donors who responded to the Dove story of Jordan Bernamoff, a loving father and husband who lost his battle with stomach cancer
     
At the Foundation, we have one of the most diverse fundraising portfolios in the world, and each program has its own revenue potential and cost parameters. For example, The Princess Margaret lotteries, which have been successfully running since 1996, are the largest source of private funding for cancer research in Canada, having raised over $268 million since inception. Lotteries consistently raise a lot of money, but have significant costs as we purchase all prizes and market the program extensively. We would not be one of the world’s top 5 cancer research centres without the major success of our two lotteries.
 
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.