2015 Report to Our Donors Our Creed is what we believe here was a time, not long ago, Yes, we are still losing people to cancer. when cancer was a death sentence. But more and more, we are controlling TAnd the treatment was dreaded the cancer, instead of cancer controlling almost as much as the disease. We’ve us. We now know that every cancer is seen that change in our lifetime, at as individual as the patient. So we’re The Princess Margaret. developing personalized care that delivers the right treatment to the right patient at We’ve seen the entire process of cancer the right time. This is the future of cancer care forever altered. We’ve seen radical medicine, and we are on the forefront of mastectomies become lumpectomies. that progress, today. We’ve seen the precision of image guided therapies spare more healthy tissue. We’ve It may seem like we’ll be fighting this seen undreamed-of advances at the fight forever. But we won’t. Because we’re cellular level and revolutionary work in closing in. We have the momentum. We healing beyond the body. have the talent. And we have the passion. This is the front line. We are Canada’s All in our lifetime. cancer warriors. But we can’t do it alone. All at The Princess Margaret. The world needs to hear The Princess We see the things we do, give hope to Margaret message. So share it at every millions, one person at a time. We’ve opportunity with anyone who will listen. transformed a provincial cancer hospital into one of the world’s top five cancer It’s a simple message, really. But it’s a research centres. As a proud partner of message of incredible power: we are the University Health Network, we’ve conquering cancer at Canada’s cancer grown our people into the thousands. research centre, The Princess Margaret. In our lifetime. We see leading researchers, from all over the world, leave their homes to come here. Because this is where they believe the fight will be finished. In our lifetime.
We’ve transformed a provincial cancer hospital into one of the world’s top 5* cancer research centres
*For more information on The Princess Margaret’s global impact, go to www.thepmcf.ca/Our-Impact/Top-5-Cancer-Research-Centre “Though our Why are we work is far from optimistic about over, we remain optimistic the future of because we have the cancer care? expertise to lay the groundwork hanks to extraordinary advances we have made across the spectrum of cancer research, for important T patient care and education, there are many progress in the reasons to be optimistic. Survival rates for Canadians diagnosed with cancer have climbed from 56% to 63% years ahead.” over the last decade1. Quality of life has also improved substantially thanks to the increasing preservation of healthy tissue through targeted treatments, as well as survivorship programs and unprecedented forays into interdisciplinary psychosocial research. A message from Dr. Bradly Wouters and Dr. Mary Gospodarowicz
We are optimistic because, at the Because of this unique environment, the forefront of cancer research and frontiers of cancer research, we are The Princess Margaret continues cancer care. seeing significant change. to attract and retain outstanding Beyond our world-class staff, At Princess Margaret Cancer Centre, talent from other leading cancer several newly established centres, breakthrough discovery and institutions around the globe. As collaborations and research compassionate care go hand-in-hand. part of University Health Network breakthroughs are making our Our clinician scientists provide valuable (UHN), The Princess Margaret vision—Conquer Cancer In Our clinical insights to our researchers, welcomed newly appointed UHN Lifetime—a reality. Over the past who then witness the impact of their President & CEO, Dr. Peter Pisters, year, we launched the Joe Finley research discoveries on patient care. at the beginning of 2015. Dr. Pisters Centre for Head and Neck Cancer It is this union between research and is an internationally recognized Research. We partnered with other clinical care that makes us one of the academic surgical oncologist internationally acclaimed cancer top 5 cancer research centres in the and was formerly Vice President, centres such as Vall d’Hebron Institute world. Another key component of our Regional Care System at University of Oncology in Barcelona, Spain and research success is that we are Canada’s of Texas MD Anderson Cancer Tata Memorial Centre in Mumbai, only comprehensive research and Center. His guidance and insight will India. By facilitating the transfer cancer treatment centre. help keep The Princess Margaret at of knowledge within The Princess
2 2015 Report to Our Donors A message from Dr. Bradly Wouters and Dr. Mary Gospodarowicz
Margaret and on a global basis, we Though our work is far from over, donors, we will continue to advance help ensure the highest standards we remain optimistic because cancer research to improve care for of care are available to the widest we have the expertise to lay the patients across Canada and beyond. range of patients. groundwork for important progress Thank you for your support, For decades, Princess Margaret in the years ahead. With the support researchers have had a profound and generosity of our extraordinary impact on the way cancer is detected, diagnosed, targeted and supported. To accommodate our growing research enterprise, we expanded our campus to include the Princess Margaret Cancer Research Tower. Dr. Bradly Wouters Dr. Mary Gospodarowicz Advancing our knowledge, making Interim Research Director Medical Director new discoveries and translating this Princess Margaret Cancer Centre/UHN Princess Margaret Cancer Centre/UHN into the clinic to improve patient outcomes is embedded in The Princess Margaret’s DNA.
1www.cancer.ca The Princess Margaret Cancer Foundation 3 WHY is Princess Margaret Cancer Centre a world leader? A message from the President & CEO and the Chairman of the Foundation Board
our support is one of the major reasons have raised $334.6 million through philanthropy, and our researchers that Princess Margaret Cancer Centre is have raised another $322.2 million, one of the top 5 cancer research centres in for a total of $656.8 million at the Y end of year three. the world. Many of our eminent researchers would The Foundation showed its strong not be working at the cancer centre, if not for the creative side this year with the launch of a new social media tremendous philanthropic support that comes fundraising campaign called from our donors and supporters. #NoHairSelfie which culminated on February 4th, World Cancer Day. As the cover of this report suggests, • WHY do some types of cancer More than 21,000 participants we believe another big reason is return after it appears they have and their communities took up the intense curiosity and tenacity been eradicated? the challenge to ‘shave, share, and of our scientists and clinician donate’, and the campaign raised The research you are supporting is over $1.8 million in its first year. researchers who never stop asking helping our scientists and clinicians WHY, as they work with each patient, to find the answers. Special thanks for the continued with each tumour sample and with support of Emmanuelle Gattuso, In fiscal 2015, we achieved a net each new therapy. While we can’t Allan Slaight and the Slaight family. fundraising total of $102 million. prove it scientifically yet, our theory In addition to their pledged annual And thanks to superb oversight from is that our researchers have an extra gift of $5 million, Gary Slaight lent the Investment Committee of our ‘WHY gene’! great support to the #NoHairSelfie Board of Directors, we earned income campaign. We all have WHY questions about of $48 million from our investments. cancer: An extraordinary return. We also celebrated the opening This year, we completed the of the Max Tanenbaum Healing • WHY will 40 percent of Canadians Garden in November 2014 where third year of our Billion Dollar be diagnosed with cancer at some beautiful hand-blown glass flowers point in their lifetime? Challenge—our five-year initiative to secure $1 billion to lead the way present families and friends with • WHY are some cancers responsive in Personalized Cancer Medicine. an opportunity to honour or pay to treatment, while others are not? We are happy to report that we tribute to a loved one.
4 2015 Report to Our Donors We continue to execute with excellence in our core programs—our two lotteries sold out and raised a record $23.8 million for cancer research, while 5,212 participants in the 2014 Enbridge Ride to Conquer Cancer raised a record $20 million. We are very excited about transforming our successful Weekend to End Women’s Cancers into the OneWalk to Conquer Cancer so that the event will benefit research for all types of cancer. More about that inside this report. Thank you to the members of our extraordinary volunteer Board of Directors who provide excellent counsel to the Foundation in their many areas of expertise, and for their personal support of our fundraising events and efforts. In closing, WHY do cancer patients and their families and friends want to support the research taking place at The Princess Margaret? As our Creed states “We have the momentum. We have the talent. And we have the passion.” And we never stop asking WHY—because WHY is in our DNA! Thank you for helping us find the answers,
Tom Ehrlich Chair, Board of Directors
Paul Alofs President & CEO Tom Ehrlich and Paul Alofs in front of the newly-named Princess Margaret Cancer Research Tower
The Princess Margaret Cancer Foundation 5 Getting closer to Person alized Cancer Medicine
n October 15, 2014, The helping to revolutionize cancer its history is also being enabled by Princess Margaret Cancer care by supporting the creation the Billion Dollar Challenge. OFoundation marked the of a new gold standard in cancer The celebration featured six gold halfway point in its five-year Billion care: Personalized Cancer Medicine. bars which represented donations Dollar Challenge by celebrating Princess Margaret Cancer Centre’s totalling $3.28 million received ‘A Golden Day’. Funds raised are most ambitious recruitment drive in
Left UHN President & CEO Dr. Peter Pisters (second from L) joins Paul Alofs with Royal Canadian Mounted Police.
Right L to R: Tony S. Giardini, Kinross Gold Corporation; Haytham Hodaly, Silver Wheaton Corp.; Geoffrey P. Gold, Kinross Gold Corporation; Sean Boyd, Agnico Eagle Mines Ltd.; Chuck Jeannes, Goldcorp Inc.; Ian Telfer, Goldcorp Inc.; Peter Marrone, Yamana Gold Inc.; Kelvin Dushnisky, Barrick Gold Corporation; Randall Oliphant, New Gold Inc.; David Harquail; Steve Letwin, IAMGOLD; Wade Nesmith, Primero Mining Corp.; Graham Farquharson.
Shave, Share & Donate he Princess Margaret Cancer encouraged visitors to join the Foundation launched a new movement either by doing an actual Tsocial media fundraising head shave or a virtual one (using campaign called #NoHairSelfie the free app) and sharing selfies on in early January 2015 which their social media. All ‘hair-ticipants’ culminated on February 4—World were encouraged to use their selfies Cancer Day. to raise awareness and funds to The campaign drew attention to support cancer research. the many side effects of cancer “The response to the #NoHairSelfie more than 57,000 times. Over 21,000 treatment impacting patients, with campaign went well beyond #NoHairSelfies were posted in the the most visible and often most our expectations,” said Paul Alofs, online gallery, and the campaign difficult being hair loss. President and CEO of the Foundation. raised over $1.8 million.” “The app was named best new app Many of the campaign participants The #NoHairSelfie web site by Apple, and it was downloaded were cancer survivors like Dawn
6 2015 Report to Our Donors Getting closer to Person alized Cancer Medicine
from nine of Canada’s leading gold Corp. and Yamana Gold Inc. Goldcorp Inc., and a patient at mining companies—Agnico Eagle “I’ve benefited personally from The Princess Margaret. “The Mines Ltd., Barrick Gold Corporation, the extraordinary work being Canadian gold mining industry is Goldcorp Inc., IAMGOLD, Kinross Gold done by The Princess Margaret,” proud to support a world leader in Corporation, New Gold Inc., said Ian Telfer, Chairman of cancer research and care.” Primero Mining Corp., Silver Wheaton
Murphy who raised over $9,000. “#NoHairSelfie gave my friends, family and colleagues the opportunity to show their solidarity for those of us still on our treatment journey or in remission.” On World Cancer Day, a media conference was held at Princess Margaret Cancer Centre, and a #NoHairSelfie Buzz-Off & After Shave Party was held later in the day at the Steam Whistle Brewery. Lead fundraisers, Gary Slaight, broadcaster and Harley Mintz and his ‘barber’— Mayor John Tory takes the scissors philanthropist, and Harley Mintz, well-known author and ‘dragon,’ to Gary Slaight at the inaugural co-Chair of Deloitte, helped to David Chilton #NoHairSelfie event on World draw great audiences for both Cancer Day these events.
The Princess Margaret Cancer Foundation 7 Research campaign goals
n June 25, 2015, The Princess Margaret Cancer Foundation announced a $50 million campaign to accelerate research Oat Princess Margaret Cancer Centre. As one of the top 5 cancer research centres in the world, we are driving support for five research pillars that are fundamental to our research success. To accelerate the translation of research into improved care for today’s patients, as well as tomorrow’s, each research pillar requires a minimum of $10 million. This campaign supports the Foundation’s overarching five-year Billion Dollar Challenge and will enable The Princess Margaret to lead the way in Personalized Cancer Medicine. Now in the fourth year of the five-year challenge, the Foundation has established this critical goal of $50 million to fund research that provides the building Libby Znaimer, Vice-President, News and blocks for biomedical discovery and deeper understanding of the Information, Zoomer Media, interviews Dr. Tak Mak mechanisms that initiate and fuel the growth and spread of cancer. at the launch of our research campaign
Stem cells in cancer Finding the root of cancer 1 The Princess Margaret has an ongoing legacy of groundbreaking success in stem cell research, starting from Drs. James Till and Ernest McCulloch’s discovery of stem cells in 1961, to Dr. John Dick’s discovery of colon Dr. John Dick cancer stem cells in 2006. As Dr. Dick explains, “you can cut the leaves off Senior Scientist a weed, but the weed will regrow. But if you extract the roots, the leaves will wither away. Killing the cancer stem cells is the equivalent of killing the root of the weed.” Further cancer stem cell research will unlock clues to find more targeted treatments that can eliminate cancer without damaging healthy tissue.
Immunotherapy Priming the immune system to fight cancer 2 Harnessing the body’s own immune system to fight cancer is the focus of a promising new approach called immunotherapy. The
Princess Margaret is proud to lead Canada’s most comprehensive Dr. Pam Ohashi immunotherapy program. Dr. Pam Ohashi and her team recently Senior Scientist opened Canada’s first clinical trial to test a specific class of immunotherapy called Adoptive T-Cell Therapy, a truly personalized approach that can only be developed in leading comprehensive cancer centres like The Princess Margaret.
8 2015 Report to Our Donors $10 million goal per pillar for a $50 million Research campaign goals total campaign goal
Tumour biology and imaging Getting the complete picture of cancer At The Princess Margaret, we’re leading the way in developing 3 therapies tailored to each tumour’s specific composition and vulnerabilities. In the same way that cancers differ from one Dr. Bradly Wouters person to another, cancer cells within a single tumour can also Interim Research behave differently from each other. Using innovative imaging Director technologies to better understand tumour biology and the complete environment of individual cancers, we are developing therapies to effectively treat all cells within a tumour.
Cancer genomics, epigenetics and bioinformatics 4 Breaking the code of cancer Every patient has a unique combination of genetic mutations which Dr. Mathieu Lupien affect how their tumours localize, grow and respond to therapy. Our Scientist researchers are decoding genetic mysteries that offer new insights into cancer biology and behaviour. By understanding the role of genes in driving the development of tumours, our clinicians will be better equipped to predict tumour behaviour, and optimally select individualized therapies that will be best suited to each patient’s genetic makeup.
Bio discovery and drug development 5 Digging deeper
Our world-class clinicians and researchers at The Princess Margaret Dr. Mitsu Ikura are developing ways to understand each patient’s cancer at its Senior Scientist origins. Their research is unraveling the biochemical, molecular and cellular signaling pathways that determine how tumours develop. This will help us understand why patient outcomes can be so different and lead us to new drugs to both target and optimize each patient’s specific condition.
View our Research Campaign video at www.thepmcf.ca/onlinereport2015
The Princess Margaret Cancer Foundation 9 Emmanuelle Gattuso, Allan Slaight and the Slaight family: Advancing Personalized Cancer Medicine
hanks to Emmanuelle Gattuso, Allan Slaight and the Slaight Tfamily’s transformational gift of $50 million, The Princess Margaret is making an unprecedented investment in human capital to further strengthen our world- renowned research powerhouse. With this gift and The Gattuso Slaight Personalized Cancer Medicine Fund, we are attracting and retaining the best and brightest minds in cancer research from around the globe. Below is a snapshot of some of our new accomplished recruits who are accelerating our groundbreaking research and its translation to the clinic. Emmanuelle Gattuso
Dr. Scott Bratman, Radiation Dr. Benjamin Haibe-Kains, Scientist Dr. Trevor Pugh, Scientist Oncologist and Scientist A computational biologist recruited A cancer genomics researcher recruited Radiation oncologist recruited from from Institut de Recherches Cliniques de from the Broad Institute of Harvard and Stanford University in Stanford, CA Montreal MIT in Boston, MA
Dr. Bratman’s primary research Dr. Haibe-Kains’ research focuses on Dr. Pugh’s lab is focused on the focus is on improving outcomes new computational approaches to application of genome sequence for patients with head and neck characterizing the ways cells become analysis as a routine clinical test, cancer through optimized detection cancerous, how particular drugs can particularly as current cancer and personalized treatments. His affect those cancerous cells, and treatments are increasingly work aims to develop circulating translating genetic data into patient predicated on genetic information. tumour DNA into a clinically useful treatment. His team is working to He also leads a bioinformatics group tool for patients. Circulating tumour develop new approaches that can within the centre’s diagnostic lab DNA could someday be used for leverage the genomic datasets that with the goal to enable cutting- non-invasive diagnosis, screening, are publicly available for multiple edge cancer genome profiling for treatment selection, and monitoring cancers, including breast and ovarian. all patients seen at The Princess response to therapy. He anticipates The results are then used to identify Margaret. His work allows clinicians these studies will have broad specific biomarkers and discover new to tailor patients’ treatment at The implications for other cancer types therapeutic uses for existing drugs to Princess Margaret and beyond. as well. improve cancer management.
10 2015 Report to Our Donors Why is in our dna. 11
The Princess Margaret Cancer Foundation
recruiting a world-leading researcher researcher a world-leading recruiting us to more rapidly move scientific move rapidly more us to pace of new research discoveries. discoveries. of new research pace pancreatic cancer, they felt strongly strongly they felt cancer, pancreatic palliative care, and established a care, palliative about helping to accelerate the accelerate about helping to in pancreatic cancer research. cancer in pancreatic discoveries from the laboratory the the from to discoveries one of the leading pancreatic cancer cancer one of the leading pancreatic is the centre family, of the Lewitt who will enable or clinician-scientist clinic where they can benefit patients. clinic where cancer. But given the deadliness of the given cancer. But Princess Margaret Cancer Centre has Centre Cancer Margaret Princess treatment and research programs programs and research treatment the generosity to Thanks worldwide. So this year, they decided to donate donate they decided to So this year, five-year fellowship in pancreatic in pancreatic fellowship five-year $3 million to fund Canada’s first Chair fund Canada’s $3 million to
pancreatic for rate survival five-year cancer in 2015 cancer is only 8% patients cancer death cause of cancer will be diagnosed with pancreatic with pancreatic will be diagnosed this understanding into improved improved this understanding into patients. for therapies • The • is the fourth cancer leading Pancreatic • It 4,800 Canadians that is estimated Paul, Anne, John Lewitt and Jane Lewitt Taylor and Jane Lewitt John Lewitt Anne, Paul, his cancer returned not long after. not long after. returned his cancer and life sciences organization that that organization sciences and life and underwent a Whipple procedure, procedure, Whipple and underwent a parts removes that an operation declared cancer free. Unfortunately, free. Unfortunately, cancer declared he helped to build over 30 years, 30 years, build over he helped to chemotherapy, and then he was and then he was chemotherapy, diagnosed with pancreatic cancer cancer with pancreatic diagnosed of several organs and reroutes the and reroutes organs of several system. digestive entire MDS Inc., a successful global health MDS Inc., a successful just one short of course Cancer Foundation, the Lewitts have have the Lewitts Foundation, Cancer supported efforts, diagnosis rapid Wilf became terribly ill. He was He was became terribly ill. Wilf years after retiring as Chairman after of retiring years After After Wilf Whipple, the underwent Through The Princess Margaret Margaret Princess The Through Then in December 2007, just three just three 2007, in December Then
Wilfred G. Lewitt G. Lewitt Wilfred common theme runs Princess The gifts to made through all transformational through
molecular level and translate and translate molecular level the diagnosis and treatment of this and treatment the diagnosis Wallace McCain Centre for Pancreatic Pancreatic for Centre McCain the Wallace deadly The disease. understanding of the disease at the understanding of the disease at Margaret Cancer Centre has established Centre Cancer Margaret allow the cancer centre to deepen its to centre the cancer allow where staff are focused on staff are where Cancer will Research Cancer Chair in Pancreatic Thanks to generous donors, Princess Princess donors, generous to Thanks lost her husband, Wilf, to pancreatic pancreatic to Wilf, lost her husband, live longer than five years. longer than five live by a particular cancer, and to help and to a particularby cancer, people and help find a cure for this people and help find a cure his entire life.” life.” his entire horrible disease,” says Anne, who Anne, says horrible disease,” desire to make sense of a tragic loss, loss, make sense of a tragic to desire others avoid a similar fate. others avoid Wilfred G. Lewitt G. Lewitt the Wilfred create decision to He was an avid athlete who enjoyed who enjoyed athlete an avid He was of marriage. after 47 years cancer of my heart,of my our gift that will help For Anne Lewitt and her family, all of and her family, Lewitt Anne For
Pancreatic is one of the most deadly is one of the most deadly Pancreatic pancreatic cancer research to bring an end to suffering caused caused suffering bring an end to to types of cancer—only 8% of patients these motivations were behind their behind were these motivations Margaret Cancer Foundation—a Cancer Margaret sailing, tennis and skiing, and, Anne Anne and skiing, and, tennis sailing, one health problem have “didn’t says Wilf’s sudden illness came as a shock. Wilf’s
Canada’s Canada’s Establishing . Research Cancer Chair in Pancreatic
first Chair infirst A “I would hope, from the bottom the bottom from hope, “I would Dr. Fei-Fei Liu, Peter and Shelagh Godsoe and Dr. Padraig Warde
Regenerative Radiation Medicine—the next frontier hanks to earlier diagnosis and months or even years after treatment, with some of the world’s top more effective treatments, and is currently irreversible. This minds at the McEwen Centre for Tmore people are surviving their side effect results from a complex Regenerative Medicine. cancer. Their quality of life, however, process of inflammation, reduced Thanks to the generosity of the can be impacted by the long-term blood flow and oxygen, and excess Godsoe family, the Peter and side effects of treatment. The effects wound healing at the irradiated site. Shelagh Godsoe Chair in Regenerative can range from hair loss, to swelling Researchers at The Princess Margaret Radiation Medicine has been in the arms or legs, to difficulty are trying to reverse radiation established at Princess Margaret chewing or swallowing. fibrosis in the laboratory by using Cancer Centre, and recruitment Minimizing side effects of cancer stem cells derived from fat tissue of a top-calibre candidate is well therapy is always a top priority with some promising results. underway. Peter Godsoe was Chair for the clinicians at Princess Princess Margaret Cancer Centre and CEO of Scotiabank from 1995 Margaret Cancer Centre. “In our is where stem cells were originally until his retirement in 2003. Shelagh radiation medicine program, we discovered 55 years ago. These is an active philanthropist who has have integrated imaging into all of important cells, which exist served on many not-for-profit boards. our procedures to more precisely throughout our body, are key “The Princess Margaret is uniquely target radiation only to the tumour, factors in healing and in the natural positioned in the world to be able minimizing the impact on healthy renewal that our body requires. Our to address this challenging frontier tissues,” explains Dr. Fei-Fei Liu, Chief researchers are exploring how we in radiation medicine within one of the Radiation Medicine Program. might harness stem cells in repairing comprehensive program,” says Dr. Liu. “But we are also exploring how tissue damage that can be caused by and organ damage that cannot be radiation therapy. As part of the avoided could be repaired.” University Health Network, the View an interview For example, radiation fibrosis researchers at The Princess Margaret with Dr. Fei-Fei Liu at (or tissue thickening) may appear are able to tap into and collaborate www.thepmcf.ca/onlinereport2015
12 2015 Report to Our Donors A new neuro-oncology centre ‘with a touch of honey’ on MacFeeters lived a long a brain tumour, he took a much more Tumor Research and performs her and inspiring life. He died on active interest. Along with Sheila, his clinical work at Toronto Western December 7, 2014, shortly daughter Laura and his sister-in-law, Hospital, another site of the Princess R th after his 100 birthday. His love Elizabeth Hamilton, Ron pledged Margaret Cancer Program. of learning and his passion for $5 million to The Princess Margaret The Centre will accelerate our giving back to his community Cancer Foundation to create the neuro-oncology research with were exemplary, and they were MacFeeters Hamilton Centre for a focus on better methods of qualities that made their mark Neuro-Oncology Research. A gift molecular classification of brain on the research leaders at The of $1 million in Ron’s will fulfilled cancer. It will also develop new Princess Margaret. this pledge. drugs and methods for treating A life-long resident of Toronto, Ron World-leading neuro-pathologist, brain cancer, including therapies attended Victoria College at the Dr. Ken Aldape, has been recruited that can circumvent the blood-brain University of Toronto. He served in from one of the top cancer centres barrier that impedes the efficacy of the Signal Corps in Ottawa during in the United States to lead the new many treatments today. The Centre WWII, and then returned to Toronto Centre, which will be located in the is highly collaborative and works to work with his father perfecting newly-named Princess Margaret in concert with a multidisciplinary a recipe for honey butter which Cancer Research Tower on College team. Together they will accelerate he manufactured at MacFeeters Street, just east of University Avenue. the implementation of new findings Creamery on Jarvis Street until 1971 Dr. Gelareh Zadeh, one of our into clinical trials and eventually when he sold the business. accomplished surgeon scientists, practice-changing improvements is joining Dr. Aldape, co-leading the that will benefit patients seen at The Ron always had an interest in effort and establishing her laboratory Gerry and Nancy Pencer Brain Tumor medical research, but after his at the Centre. Dr. Zadeh holds the Centre at Princess Margaret Cancer daughter, Sheila, was diagnosed with Wilkins Chair in Neurosurgery Brain Centre, and around the world.
Drs. Gelareh Zadeh and Ken Aldape
The Princess Margaret Cancer Foundation 13 Pfizer partners in the pursuit of personalized Cancer Medicine
Dr. Martine Hubert, Director - Medical Affairs, Oncology - Canada, Pfizer Canada Inc., with Dr. Suzanne Kamel-Reid
TD helps The Princess Margaret attract and recruit top scientific talent
There is a saying that “the more you know, the more you skilled people who have studied in these areas and have the expertise appreciate how much you don’t know,” and there are many in applying the technology. days when the researchers at Princess Margaret Cancer A $1 million donation received Centre feel that way about cancer. It’s complicated, but from TD Bank Group is earmarked still, they are steadily closing in. to recruit these highly sought-after young scientists.
ntire new areas of study like nanotechnology is also creating “Personalized Cancer Medicine has molecular profiling, immuno- new ways to study cancer and move potentially very positive benefits for therapy and epigenetics have closer to treatment that is highly patient care, and Princess Margaret E Cancer Centre is at the forefront,” opened up in the last decade and personalized, more effective and show great promise in helping delivers better outcomes. said Tim Hockey, President and CEO, TD Canada Trust. “We’re honoured researchers better understand While these new areas of science the disease. New technology to establish the TD Collaboration and technology represent great and Recruitment Fund and help the such as genetic sequencing and opportunity, they require highly
14 2015 Report to Our Donors Pfizer partners in the pursuit of personalized Cancer Medicine
o continually raise the bar in cancer sequencing in diagnosing a patient’s cancer care, Princess Margaret Cancer Centre more precisely so s/he can receive the most Tneeds to partner with organizations effective treatment for their specific cancer. that have similar goals. Pfizer is one of “We’re very grateful to Pfizer for their those partners. financial support,” says Dr. Suzanne Kamel- In 2012, The Princess Margaret launched Reid, Head of Clinical Laboratory Genetics the IMPACT and COMPACT clinical trials and Director, Molecular Diagnostics at to test the use of genetic sequencing in Princess Margaret Cancer Centre. “Like matching patients with advanced disease us, Pfizer sees the potential of genetic to drugs that are specifically designed sequencing in moving us to a place to target the mutation(s) identified in where targeted therapies can be matched their tumours’ genetic profiles. Genetic precisely to the patients most likely to sequencing of tumours, blood and bone respond to those therapies.” marrow is an important part of the cancer The funds provided by Pfizer Canada centre’s mission to deliver Personalized will be used to hire additional staff, train Cancer Medicine to patients, and the goal current staff in the use and understanding is to make it a routine part of the diagnostic of this new diagnostic tool, and improve and treatment process for all patients at The procedures so that higher volumes of Princess Margaret within the next five years. genetic sequencing can be performed with Pfizer Canada is providing funding of even greater accuracy. $1 million over the next four years to support the genetic sequencing program. The clinicians at The Princess Margaret will use these funds to prove the efficacy of
TD helps The Princess Margaret attract and recruit top scientific talent
Centre’s next generation of talented scientists continue innovating in cancer research.” Each year, for the next seven years, the fund will help recruit and advance the work of a different young scientist at The Princess Margaret. In the first year, the fund is being directed to Dr. Housheng He, who completed his postdoctoral training in cancer genomics and epigenomics at Dana-Farber Cancer Institute.
Tim Hockey, President and CEO, TD Canada Trust, and Dr. Housheng He
The Princess Margaret Cancer Foundation 15 E WHY ElizabethComper’s legacywillopennewdoors 16 for patientswithrare blood disorders Torah Jewishday school, sheknew Antisemitism Together(FAST)—an When shewatched thenews in2004 and Tony launchedFighting that After discussing shehadto act. obituary read, obituary “As ateacher and educational curriculum thateducational has curriculum by educating young peopletoday.” best way to changethefuture was mature the student, Elizabethknew reporting onthefirebombing ofthe reporting been distributed to teachers of ideas withherhusband, Elizabeth ofMontreal’slibrary United Talmud WHY IS IN OUR DNA. Dr. Vikas GuptaandTony Comper
2015 Report to Our Donors 2015 toOur Report with theconfidence that she could makeadifference. Her lizabeth Comper lived herlife
volunteers andphilanthropists— services for singlemothersinthe services facilities includinggeriatric support, Canada for theircommitment to anti-semitism continues to makea across Canada. Their crusadeagainst the community atthe community large asactive wide range ofissuesneedingher Elizabeth and Tony Comper were only thethird couple to receive First Nations community. Elizabeth directed herenergy to a grades 6,7and8at 19,000schools huge impact inCanada andbeyond.huge impact made Members oftheOrdermade Members of more thantwo millionstudents in for and theChinesecommunity myelofibrosis • (ET) essential thrombocythemia • vera polycythemia (PV) • There are three classical Myeloproliferative Neoplasms(MPNs): View an interview with Dr. Vikas G Dr. with Vikas interview an View www.thepmcf.ca/onlinereport2015
“MPNs are rare disorders and, asa Elizabeth andTonyElizabeth Comper MPN Program she and Tony decidedto makea Centre where shewas treated. aggressive forms ofleukemia,and Gupta, Elizabeth’s physician and a group ofblooddisorders referred and clinicalresearch leadingto and Tony Comper, thiswillbe a researcher whohasgained this iswhat happenedto Elizabeth. with myelofibrosis, a rare blood to collectively asMyeloproliferative with these with amissionto advance basic the firstsuchprogram in Canada the world,” explains Dr. Vikas the distinction since theaward’sthe distinction Before ElizabethdiedinJune2014, In 2012,Elizabethwas diagnosedIn Neoplasms (MPNs).All ofthese of$2.4milliontogift establishthe disorder that ofthe alters theability disorders cantransform to dedicated to theirstudy around his ground-breaking work on blood cells. Myelofibrosis belongs to bone marrow to produce normal myelofibrosis.“Thanks to Elizabeth result, there few are programs very founding in1967. improved outcomes for patients international recognition for severest oftheMPNs. Myelofibrosis isthe rarest and It isestimated that thereIt are 1500 to 1700patients affected with myelofibrosis in Canada. upta at upta at Princess Margaret Cancer disorders.” WHY IS IN OUR DNA. 17 facilities so these patients do not facilities so these patients have to endure the high anxiety endure to have challenge,” explains Dr. Lawrence Lawrence Dr. explains challenge,” Imaging. “Our team is very excited is very team excited “Our Imaging. the Joint Departmentthe Joint of Medical MRI open and tolerable more that that older design machines put older design that them through.” systems will soon be partsystems our of White, Radiologist-in-Chief of White, The Princess Margaret Cancer Foundation for several types of cancer several for for patients who do patients for been used successfully been used successfully program. not qualify for surgery. surgery. not qualify for through our clinical trials through Recently, radiofrequency Recently, and are being evaluated being evaluated and are are life-saving alternatives life-saving alternatives are and thermalablation have techniques ablation Dr. Lawrence White with Susan Armitage Lawrence Dr. my friends if they were aware of aware friends if they were my any alternatives or new equipment or new equipment alternatives any designs that I could help lobby for,” for,” help lobby I could that designs cause me to break out in a sweat, in a sweat, out break cause me to Princess Margaret for an MRI would an MRI would for Margaret Princess who are claustrophobic. who are the MRI procedure is a huge the MRI procedure said Susan. get through claustrophobia severe so I started researching and asking so I started researching “Just thinking about coming to The The thinking to about coming “Just “Helping our patients with mild or with “Helping our patients results, the radiologists at at the radiologists results, to (and are developing developing (and are to cutting edge themselves) enables that technology new deliver them to that protocols treatment the interpretation of the interpretation imaging procedures and procedures imaging Princess Margaret Cancer Cancer Margaret Princess In addition to overseeing In overseeing addition to Centre now have access access have now Centre
usan Armitage’s life has has life usan Armitage’s certainly been impacted by starting back in 2001 cancer, for recurrence for response response treatment planning treatment
in the delivery of Personalized in the delivery of Personalized Imaging plays a pivotal role role a pivotal Imaging plays component of:component Cancer Medicine. It Medicine. is a core Cancer • surveillance of patients • detection early cancer • and radiation surgical • treatment monitoring like Susan. In fact, approximately like Susan. In fact, approximately lymphocytic which leukemia (CLL) for people with claustrophobia people with claustrophobia for machine that features newer short newer features machine that (tunnel) and wide-openingbore require imaging at some point in some point at imaging require by claustrophobia, but she wanted but she wanted claustrophobia, by required to prepare for and monitor and monitor for prepare to required a very sophisticated MR imaging a very MR imaging sophisticated a donation to Princess Margaret Margaret Princess to a donation high quality medical images—are high quality medical images—are herself was diagnosed with chronic with chronic diagnosed herself was design to make it easier for patients patients make it easier for to design decided to direct her giftdecided to of donation to help others affected help others affected to donation benefit as a broader have it to claustrophobia to some degree. some to claustrophobia However, they are very they are problematic However, today. when she lost her husband Murray husband Murray when she lost her in 2012, Susan Then, cancer. to their diagnosis or treatment, so she or treatment, their diagnosis well. Almost all cancer patients patients all cancer Almost well.
the treatment of cancer patients. patients. of cancer the treatment picture of cancer picture MRI machines—which provide provide MRI machines—which Cancer Centre, she wanted her she wanted Centre, Cancer she continues to be monitored for for be monitored to she continues
When Susan was contemplating contemplating Susan was When Getting a clear a Getting 5% of the population experiences experiences 5% of the population
$1million towards the purchase of the purchase $1million towards S Gordon and Donna Feeney with Dr. Paul Greig
WHY the Feeney Fellows achieve global impact
ordon Feeney considers The amount of tissue requiring “On the morning that my wife, himself doubly fortunate. removal would have left insufficient Donna, and I met these Fellows, G“I was fortunate to receive liver to function adequately. So they had just spent 20 hours swift care from Dr. Paul Greig at within 24 hours of diagnosis, Gordon in surgery, and here they were, Princess Margaret Cancer Centre, underwent a procedure that blocked meeting us in a tie and blazer. which has allowed me to be cancer- the vein to the tumour side of his That’s dedication,” says Gordon. free since my surgery two years ago,” liver, to cause the other healthy “I want the next generation of says Gordon. “I’m also fortunate to side to grow. Two months later, he surgical oncologists to be exposed have the ability to contribute to the had the operation to remove the to the best training, and I believe Billion Dollar Challenge. My cancerous portion of his liver. No Dr. Greig is the best.” personal philanthropy focuses on follow-up chemotherapy or radiation The result of that meeting was healthcare, because unless we’re was needed. their gift of $1 million to support healthy, nothing else matters much.” Grateful for the excellent care that the ‘Feeney Fellows,’ part of the With no pain or symptoms, Gordon he received at The Princess Margaret, Hepato-Pancreato-Biliary (HPB) was surprised when a potential and shocked to discover that the Surgical Oncology Fellowship problem showed up during his five-year survival rate for liver cancer Education and Research Program. annual physical. After an MRI and is only 20%, Gordon asked “We want to help create a ripple CT scan at The Princess Margaret, Dr. Dr. Greig how he could help. effect, as Fellows take their Greig made a diagnosis of liver cancer. “Teaching the next generation of newfound knowledge and skills “From our first conversation, Dr. Greig oncologists is highly important to back to their home hospitals,” says earned my complete confidence. He Dr. Greig, so he asked us to meet Gordon. “Through our gift to The explained everything in lay terms with two of his surgical Fellows who Princess Margaret, we are doing and even drew it all out for me— are doing post-graduate work at The our part to tackle liver cancer I still have that piece of paper!” Princess Margaret under his direction,” worldwide.” says Gordon. says Gordon.
18 2015 Report to Our Donors WHY IS IN OUR DNA. 19 The Princess Margaret Cancer Foundation metastases and the new ways it can metastases and the new ways also been have They be treated. up-to-date on brain information as well as their families, with with as their families, as well to add much-needed staff able to Dr. Chung’s team to develop a web a web develop to team Chung’s Dr. the Robert Andrée and Rhéaume the team including a full-time nurse the team metastases. with brain Margaret Cancer Centre and beyond, and beyond, Centre Cancer Margaret site to provide patients at Princess Princess at patients provide to site specially trained in helping patients in helping patients specially trained . Program Metastases Brain Fitzhenry $1.56 million has already enabled $1.56 million has already of donation generous Their to eradicate a tumour eradicate to to deliver radiation using radiation deliver to team has the expertiseteam in the brain with fewer with fewer in the brain different techniques and different debilitating side effects. debilitating of brain metastases. Our metastases. of brain with the precision needed needed with the precision and equipment needed and equipment a leader in the treatment a leader in the treatment Dr. Caroline Chung with Dr. Robert Fitzhenry with Dr. Chung Caroline Dr. family was veryfamily was with and impressed patients like Andrée and created and created like Andrée patients by Dr. Chung and her team, and Chung and her team, Dr. by and appointed his five children to children his five and appointed provided of the care appreciative and often spreads to the brain,” the brain,” to and often spreads honouring Andrée that would help would that honouring Andrée explains Dr. Chung. Dr. explains Robert death, Andrée’s Following established a family foundation, Dr. Chung in her work,” said Robert. Chung in her work,” Dr. to help transform outcomes for for outcomes help transform to we wished to make a donation a donation make wished to we serve as trustees alongside him. “Our “Our serve alongside him. as trustees The Fitzhenry family also wanted family also wanted Fitzhenry The for surgery. for manage. For example, many many example, For manage. not candidates are patients treatment modality for modality for treatment and this is one the brain, to Radiation is a primary cancers that have spread spread have that cancers Princess reasons of several Margaret Cancer Centre is Centre Cancer Margaret ndrée Rhéaume Fitzhenry a small village in the Beauce Beauce a small village in the was born in Saint-Côme, born was in Saint-Côme,
but on where in the brain in the brain but on where requires truly Personalized truly Personalized requires types of treatment they can types of treatment the cancer has spread, their has spread, the cancer has spread to the brain the brain to has spread depends not only on the overall health and what health and what overall site of their primary tumour, of their primarysite tumour, Cancer Medicine. Treatment Cancer Treatment Medicine. A patient whose cancer whose cancer A patient patients I treat have lung cancer. It is lung cancer. have I treat patients radiation oncologist at The Princess Princess The at oncologist radiation with involved was metastases, brain being a grandmother to seven seven to being a grandmother region of Quebec, just south of of Quebec, region after the cancer metastasized to to metastasized after the cancer and built the Woodbridge Foam Foam Woodbridge and built the her brain. Dr. Caroline Chung, a Chung, Caroline Dr. her brain. his business partner, he co-founded he co-founded his business partner, international business. Andrée Andrée business. international one of the most aggressive cancers, cancers, one of the most aggressive February 2013, she passed away 2013, she passed away February grandchildren when, in 2011, she when, in 2011, grandchildren consummate hostess. consummate contributed to this success in many in many this success to contributed Hamilton, Ontario. Together with Together Ontario. Hamilton, collector and a talented visual artistcollector and a talented Dr. Robert born was in Fitzhenry Dr. was diagnosed with lung cancer. In with lung cancer. diagnosed was ways, being fluently bilingual and a bilingual and being fluently ways, woman, avid traveler, passionate art passionate traveler, avid woman, Margaret who specializes in treating in treating who specializes Margaret Corporation into a successful a successful into Corporation Quebec City. She was a vibrant a vibrant She was Quebec City.
specializing in landscape painting. painting. specializing in landscape family honoursfamily Andrée’s care. “About half of the “About care. Andrée’s Andrée was enjoying traveling and traveling enjoying was Andrée
the woman whothe woman was at its heart was at its
A The FitzhenryThe Continuing a family legacy of support
ack Weinbaum was the type of friend we all need to have. JWhen his close friend, Ronnie Appleby, was diagnosed with prostate cancer, Jack supported him through the diagnosis, treatment and recovery. Along the way, Jack had the opportunity to observe the care that his friend received at Princess Margaret Cancer Centre from the medical team led by Dr. John Trachtenberg, and he was impressed. But he also became very aware of the increasing number of men who were being impacted by the disease, the complexity of the disease, and the side effects of the different types of treatment. Jack and his wife, Anne, wanted Dr. Andrew Matthew, Allan Weinbaum, Carol Weinbaum and Dr. Daniel Santa Mina to help improve the situation, so in 2000 they donated $2 million in
Brimming with gratitude and paying it forward
aniela Del Rosso has raised different types of cancer—Hodgkin’s over $62,736 for Princess lymphoma and thyroid—before she DMargaret Cancer Centre. She was 30 years old. has held poker tournaments, garage After ‘staring down’ Hodgkin’s sales, and bus trips for her friends lymphoma, good fortune came to and family, with her annual bowling Daniela in the form of Michael Boccia. night being a particular favourite. “It’s They dated, and made all the plans the way I like to entertain now,” says that young couples make, confident Daniela who puts a huge amount of that Daniela’s cancer was in the past. effort into her events to accomplish her two missions of raising funds But about one year later, she was for cancer research while making diagnosed with thyroid cancer and sure her friends have a great time again had to prepare mentally and together and want to come back the physically for arduous treatment. following year. Daniela formed strong bonds with Like many, Daniela began fundraising many of her caregivers—her nurse, for The Princess Margaret after being Silvana Agnotti, her physician, Dr. treated at the cancer centre. She Vishal Kukreti, and Dr. Mary Elliott Dr. Vishal Kukreti with Daniela Del Rosso was diagnosed and treated for two who provided psychosocial support.
20 2015 Report to Our Donors WHY IS IN OUR DNA. 21
enitourinary Survivorship The Princess Margaret Cancer Foundation lifestyle choices,” says Carol. says choices,” lifestyle been able to translate our learning translate been able to quality life of post-treatment patients’ prostate cancer patients anywhere. patients cancer prostate better offer to today, patients as their medical treatment.” a web-based can benefit eClinic that into programming that ensures our ensures that programming into and importance as much care is given developed at The Princess Margaret to to Margaret Princess The at developed of the Weinbaum Family, we have have we Family, Weinbaum of the Psychologist and Co-Leader of and Co-Leader Psychologist “Thanks the support to Program. the G transfer the ‘in-person’ sexual health, sexual ‘in-person’ the transfer program and rehabilitation wellness tomorrow,” patients to treatment says Dr. Andrew Matthew, Senior Matthew, Andrew Dr. says The team is working hard to is working to team hard The ambassador for The Princess Margaret Margaret Princess The ambassador for and a very active part of the effortto husband in Michael, and she just delivered her first child, Sydney Sydney her first child, delivered Faith Boccia. She is a wonderful Boccia. Faith in our lifetime. cancer conquer “We are always learning from our learning from always are “We Adolescent and Young Adult (AYA) Program (AYA) Adult and Young Adolescent people naturally have much different issues much different have people naturally understand and support this group of patients. understand and support of patients. this group new patients each year—or 7.2%—are under each year—or 7.2%—are new patients at Princess Margaret Cancer Centre. Young Young Centre. Cancer Margaret Princess at than treatment cancer regarding and concerns person, and the staff who have a 70-year-old developed this program are specially trained to to specially trained are this program developed the of behind the creation the motivation 40) were Young patients like Daniela (and 1,300 of our patients Young me down.” dimensions. She has a devoted She has a devoted dimensions. celebrating life in all its wonderful life celebrating was counting on them. They never let never They on them. counting was last year, but his children, Carol and Carol but his children, last year, and their father that leading program foundation, they have donated donated they have foundation, recovering from prostate cancer— prostate from recovering and information, and tools providing mother helped to build. “Allan and I “Allan build. mother helped to program for prostate cancer cancer prostate for program first in Northpatients—the America. with provided men, and they were are so pleased that the support so pleased that are from impact of men on the quality of life individual diet and exercise programs. exercise individual diet and our family has had such a positive our family has had such a positive make better them to empowering of a comprehensive survivorship of a comprehensive were full assessments Last year, than 40 with more completed their parents. Through their family their family Through their parents. Sadly, Jack passed in December of Jack passed in December Sadly, $250,000 to support$250,000 to the world- Today, Daniela is doing well and Daniela is doing well Today, Allan, are continuing the legacy continuing of are Allan, “They were my team, and they knew“They team, I my were
from which researchers have have which researchers from been directed to the establishment the establishment to been directed been studying the value of regular of regular value been studying the and/or preventing progression recurrence. cancer prostate build an extensive patient-outcome patient-outcome build an extensive The establish The Ronniehonour of to database in the Prostate Centre. This This Centre. in the Prostate database a rich foundation provides database exercise, nutrition, and psychosocial nutrition, and psychosocial exercise, patient in improving counseling role potential and the quality of life, disease in slowing changes of lifestyle Funds from the Weinbaum Family Family Weinbaum the from Funds to enabled the team Foundation More recently, the funds from the the the funds from recently, More Weinbaum Family Foundation have have Foundation Family Weinbaum at Clinic Prevention Cancer Prostate The Princess Margaret. Princess The
Jack and Anne Weinbaum and Family Family and AnneJack and Weinbaum
it forward
a family legacy of support legacy family a
Continuing Brimming with gratitude and paying with gratitude and paying Brimming 122 teams of weekend hockey warriors participated in the 2014 Road Hockey to Conquer Cancer, and raised $2.2 million (gross).
An amazing group of 8-year-old SHOP.CA boys inspire ‘the troops’ at Road joins the Hockey to Conquer Cancer team!
t the fourth annual Road Chief Hockey Officer at The Princess oad Hockey to Conquer Cancer Hockey to Conquer Cancer, Margaret Cancer Foundation, with a is delighted that SHOP.CA has Athe sun was shining, hockey cheque for $1,800. Rsigned on as the presenting sponsor for 2015—the 5th year for balls were flying and industry Said Burt, “I’m just so blown away by this dawn-to-dusk event. heavyweights from Hatch Ltd., what these kids did. They secretly ONroute, Gluskin Sheff + Associates, raised $1,800 in less than two weeks In just three years, SHOP.CA has Ellis Don, Scotia McLeod, Boston and dropped everything to ensure grown to be a top 10 e-commerce Pizza and Longo’s led the way they supported their teammate destination in Canada, providing in raising over $2.2 million for in such an inspiring way. It’s a unique Canadian retail Personalized Cancer Medicine at truly amazing, and I will experience. Even as a Princess Margaret Cancer Centre. never forget this day.” young company, SHOP.CA But it was a group of 8-year-old considers it a priority to Road Hockey to Conquer boys who stole the show that day. support philanthropic Cancer heads into its efforts that are important The Aurora Novice AA Tigers fifth year on Saturday to Canadians. descended on Ontario Place with September 26th, 2015 much more than hockey on their where it will move Trevor Newell, the President minds. This amazing group of to a larger venue— and Founder of SHOP.CA , is cancer warriors came together in an Woodbine Racetrack—to pleased to be partnering act of support and solidarity for one accommodate the event’s with The Princess Margaret of their teammates—Jack Thomson formal pursuit of two world records. Cancer Foundation. “Our support and his older brother Spencer— The organizers are hoping to will include reaching out to our who sadly lost their dad, Trevor, to exceed 1,500 hockey players and customer and supplier networks cancer in August. The kids adopted push past $2.5 million in funds to encourage like-minded the name ’Trevor’s Troops’ for the raised. Talk about a game changer! individuals and companies to day in honour of Trevor and then pick up a stick and join the fight For more information, visit proceeded to surprise Shawn Burt, against cancer.” teamuptoconquercancer.ca
22 2015 Report to Our Donors Honorary Chair helps motivate Ride teams to ‘double up’ im Hockey is President and CEO of TD Canada Trust is one of those and a huge fan of cycling. For the past several years, important The has cycled over 9,000 km annually. This year he causes. is also volunteering as the Honorary Chair of the 2015 Somehow Enbridge Ride to Conquer Cancer and hopes to make this we will all year’s Ride—the 8th annual—the best ever. be affected Tim generously made a personal donation to help give directly or the participants in the 2015 Ride some motivation to get indirectly by this disease, started building up their teams and thinking about their so we need to get to the finish line fundraising. Each of the first 10 teams to double their and conquer cancer.” team size has been awarded $5,000 to put towards their The first 10 teams to double up fundraising goal. were: Arch Attack, Team Autoliv, Tim says, “I consider myself fortunate that I’m able to use Paramedics for a Cure, Team CIBC, my passion for cycling to not only stay fit, but to help Team Lindsay, Deloitte Green raise funds for important causes. I believe the cancer Dot Riders, TD Peloton, CPPIB research taking place at Princess Margaret Cancer Centre Domestiques, Team RBC, and Doc’s Choice.
The 5,212 participants in the 2014 Enbridge Ride to Conquer Cancer achieved a record $20 million (gross).
WHY do over 5,000 people dedicate a weekend each year to cycling 200 km?
ino Vettoretto is the captain When they aren’t riding for the of MARANT for MANKIND, a health of mankind, MARANT is a Gteam that has raised over highly productive team of almost $1.1 million participating for the 50 construction professionals, past six years in the Enbridge Ride including construction managers, site to Conquer Cancer. In 2015, they supervisors, carpenters and labourers. were a team of 43 riders, outfitted Gino first participated in the Ride on in the brightest team uniforms. his own after a friend was diagnosed The name of their team conveys an with cancer, and he experienced an understanding that cancer is a big “awesome triumph” both physically and problem that affects mankind—all emotionally. Now, with the help of his of us—and participating in the co-captain, Carlo Martini, he has been Ride is a way to do something growing MARANT for MANKIND and about the problem rather than let helping all the team members meet Gino Vettoretto it rule us. their fundraising goals.
The Princess Margaret Cancer Foundation 23 WHY has Shoppers Drug Mart been a great partner?
The Shoppers Drug Mart Weekend to End Women’s Cancers has haritable foundations, The company also: funded: including The Princess • Puts incredible ambassadors like · Breakthrough research into CMargaret Cancer Nicolas Caprio, Lisa Gibbs, Robbie Foundation, depend on Krofchick and Chris Zaras in breast and gynecological cancers, corporations to lend their charge of building a huge team including a promising new drug name in support of high- of walkers year after year that is in phase I testing profile fundraising events. • Supports travel contests, Shoppers Drug Mart has · New diagnostic and treatment barbeques, and garage sales approaches, including immuno- proudly stepped up as the Title to assist their employees with therapy and genomic sequencing Sponsor of the Weekend to End their fundraising Women’s Cancers and the 2015 of tumours • Rallies their major suppliers and OneWalk to Conquer Cancer. encourages them to participate · An award-winning patient They have helped us raise over • Installs coin boxes and sells survivorship program that now $150 million for research into bracelets in their stores to raise women’s cancers. But that is supports patients recovering funds for the event just the start of their support. from all types of cancers • Staffs a relaxation and recharge booth at camp
A new walker who is grateful for every step she takes! cancer diagnosis is always treatment in the way that Rozana grateful for the compassionate stressful, but very few Papadopoulos did. Rozana was care she received. “I had 33 A cancer patients receive suffering from some bad headaches sessions of radiation therapy at their diagnosis and begin their and an MRI confirmed a five- The Princess Margaret, and each centimetre tumour on her brain stem. person I dealt with, from the She was rushed into emergency receptionist to the technician to surgery which required six hours. the nurse, was so kind and patient. Immediately following the operation, It truly made all the difference.” In she could only move her right toe. October 2014, Rozana received But she has fought back, and, thanks the welcome news that her latest to excellent care at The Princess MRI showed no sign of cancer. Margaret and tremendous support Rozana shared her story at a from her husband, she is walking media event held at Princess Rozana Papadopoulos and once again. Margaret Cancer Centre where she her husband, Panos Barlias Radiation therapy was a major part amazed everyone in attendance of Rozana’s treatment, and she is so with her courage.
24 2015 Report to Our Donors A made-to-measure golf tournament!
olf to Conquer Cancer participants during the day beyond presented by Harry Rosen is the opportunity to play at two of the Gnow an annual event for The country’s top courses. Princess Margaret Cancer Foundation. Larry Rosen is a member of the Board The first year was a great success and of Directors for the Foundation and in June 2015, we doubled the effort has helped to raise millions of dollars and took over two golf courses— for cancer research. Coppinwood and Granite Golf Clubs— and raised $1.3 million (gross). While only in its second year, the event already has a distinct personality thanks to the great support of our presenting sponsor. The Harry Rosen brand is synonymous with high quality and great customer satisfaction, and these are traits that have been built into this upscale golf event from the very beginning. A premium live auction, the chance to play for a $1 million hole-in-one, scotch tasting and getting measured for a personally tailored shirt are just Larry Rosen a few of the activities available to
Why buy a Princess Margaret lottery ticket? he 2015 Princess Margaret The Princess Margaret to build The hundreds of thousands of ticket Cancer Centre lotteries had a and maintain a strong research purchasers ensure that The Princess Trecord year achieving $23.8 infrastructure for thriving programs Margaret continues to do the work million in net revenue. The support and breakthrough discoveries. These required of a world-leading cancer of our community continues to be funds represent the largest single centre—developing and testing life- amazing, and it is always a thrill to source of private funding for cancer saving new treatments for cancer award the prizes to our winners. research in Canada. In the 19-year patients. The funds raised through the sale history of our lottery program, over Meet a few of our very happy prize of lottery tickets have enabled $300 million has been raised. winners!
Lakefront Cottage
Joseph Camilleri Mark Morissette Eva Chalmers
The Princess Margaret Cancer Foundation 25 Honouring and celebrating a life helps with the healing
They have also dedicated five flowers in The Princess Margaret’s new Healing Garden to John. His sister Marina explained, “The Healing Garden was an obvious choice for our family. Flowers are a symbol of love and care. They are the universal sign of appreciation and emotion.” The Max Tanenbaum Healing Garden, located on the 14th floor of The Princess Margaret, features a stunning display of beautiful, hand- blown glass flowers, each a lasting symbol of hope and healing for patients and their families. Carlo, Maria and Marina Di Battista For more information about dedicating a flower in the Max Tanenbaum Healing Garden, lot of healing is needed when and co-worker, and his big heart, please go to: a young person is lost to smile, and friendly laugh will be www.thehealinggarden.thepmcf.ca A cancer. And 34 is too young. remembered by them all. John’s family has set up the John Di Battista John Di Battista touched many lives Foundation to honour him and to as a son, brother, uncle, husband keep his memory alive.
Dedicating themselves to patients at the end of life
nd-of-life is a difficult and tremendously “ emotional time for patients and their families,” says EDr. Gary Rodin, Head of Supportive Care for The Princess Margaret. “For each of us in the Harold and Shirley Lederman Palliative Care Centre, we see the responsibility of caring for patients in their final days and their families as very important, and recognize in ourselves the qualities, instincts and skills needed for this special kind of work.” The family of Subash Chander found great comfort knowing that he was supported by an excellent medical team in his challenge with prostate cancer. “Despite our best efforts to care for our father at home, he had to be taken to the Palliative Care Unit,” explained Mr. Chander’s son, Puneet Malhotra. “His last few days were spent in the compassionate care of the nurses and doctors. They made his comfort their top priority.” In gratitude, the Malhotra family raised $15,000 to support Jatinder Malhotra, Subash Chander, Pooja Malhotra and the initiatives of the Palliative Care Unit and to refurbish Puneet Malhotra the quiet room that is available to patients’ families who spend long periods of time at the cancer centre.
26 2015 Report to Our Donors Couple’s 30th anniversary raises more than $146,000 for leukemia research
or more than 30 years, Juliana and Johnny Fung have loved each other in sickness and in health. While Fplanning their 30th wedding anniversary celebration in August 2014, the couple decided to honour the happy occasion by expressing gratitude for overcoming a challenging time in their lives. Ten years ago, Juliana was diagnosed with a rare type of blood cancer: CML, chronic myelogenous leukemia. After undergoing intensive treatment with the guidance of Dr. Jeffrey Lipton, an expert in the CML field, and participating in a promising clinical trial, Juliana’s body slowly but surely conquered the cancer. “Though leukemia cannot be completely cured, my condition is fully under control,” says Juliana. “What I want to say most is thank you to all the medical staff at The Princess Margaret for the care I received…and for the support they offered my family during this difficult time.” At the celebration in August 2014, Juliana and Johnny asked their loved ones to make donations to The Princess Margaret in lieu of gifts. Grateful for the care they received, Juliana and Johnny also matched each donation dollar for dollar. Together, they raised more than $146,000—an th unprecedented amount in the Foundation’s Wedding and Juliana and Johnny Fung celebrate their 30 anniversary Anniversary Program.
Kisses for Mom! an you imagine planning your wedding day and not being sure if your mother would be healthy Cenough to share the special day with you? Well, Jennifer Seeler had to anticipate that possibility, as her mother, Brenda, had to undergo a bone marrow transplant at Princess Margaret Cancer Centre just a few months before her wedding. The wonderful news is that Brenda did indeed attend her daughter’s wedding. In fact, she was able to dance the night away! To celebrate her mother and her mother’s recovery from cancer, Jennifer and her husband, Craig, asked their wedding guests to make a donation each time they wanted the couple to kiss. They called it ‘Kisses for Mom’ Jennifer Seeler with her mom, Brenda and the guests generously donated $550.
The Princess Margaret Cancer Foundation 27 Freed Charity Golf Classic drives past 5 years
or the past 5 years, Peter Freed has held a golf tournament at Muskoka Bay Club to raise funds Ffor the cancer centre that took care of him when he was a patient in his early 30’s. Collectively, the tournaments have raised $200,000 which Peter has directed to the research efforts of Dr. Malcolm Moore, head of Hematology and Medical Oncology for Princess Margaret Cancer Centre. Peter heads up Freed Developments, one of Canada’s most progressive community development companies—building ‘lifestyle hubs’. Muskoka Bay is Peter Freed and Special Events Coordinator, one of Freed’s award-winning development projects. Paige Cunningham
A special way to remember a special young man an Lawson Van Toch was beloved by ride from Kingston to Montreal. In establish a memorial lecture series all who knew him. He loved life and their first three years, they raised over attracting some of the world’s Iwas grateful for all the opportunities $168,000 for the Ian Lawson Van Toch most renowned scientists in the that came his way. When he died of Cancer Informatics Fund which now field of computational biology, heart failure at the tragically young totals $250,000. The goal of the fund and introduce an annual award for age of 22, he had started on the is to provide opportunities for other excellence in the study of cancer path to his dream career. He was young scientists to experience the informatics demonstrated by an conducting cancer research in the lab same thrill of discovering their passion undergraduate student. of Dr. Igor Jurisica at Princess Margaret and to help them launch their careers For more information about this Cancer Centre, specializing in the area in the field of cancer informatics. ride and the fund, please visit of cancer informatics. Already the fund has allowed www.team-ian.org To keep his legacy alive, his friends Dr. Jurisica to create two paid and family organized an annual bike summer internship positions,
28 2015 Report to Our Donors Mike, Cara and Meagan Finley
Joe Finley Centre for Head and Neck Cancer Research opens thanks to $11 million raised by the ‘team’
hat can be accomplished nasal pharyngeal cancer in August friends and colleagues. Because of when people catch 2004, approached The Princess the funds raised by Joe’s Team, the W the triathlon bug and Margaret Cancer Foundation with Head and Neck Cancer Team at The support a worthy cause? Something the dream of creating a fundraising Princess Margaret has grown from absolutely historic! triathlon/duathlon. Joe lost his four to more than 80 clinicians On March 26, 2015, Princess Margaret battle with cancer in October 2010, and researchers—all focused on Cancer Centre announced the but his vision continues carried conquering the many types of head opening of the Joe Finley Centre on by his wife Cara, his children and neck cancer. for Head and Neck Cancer Research Mike and Meagan, and his many thanks to the efforts of Joe’s Team triathlon/duathlon participants, sponsors and generous donors. Ontario’s dedicated weekend warriors and their supporters have raised enough funds to establish a world-class cancer research centre specializing in head and neck cancers, the same cancer that stole away Joe Finley, the event’s namesake. In just nine years, Joe’s Team has raised $11 million for critical cancer research. Joe’s Team was created when Joe Finley, who was diagnosed with
The Princess Margaret Cancer Foundation 29 Special Events
Festa des Amigas/Circle Of Friends Fight to End Cancer Friends For Life MIA Golf Tournament RACH 3-Pitch Tournament
Rebecca’s Hope Events - Parrish & Heimbecker Golf Tournament Beaver Valley Banked Slalom Rebecca’s Hope Charity Heidi Golf Classic Beauty in the City App Hockey Tournament Husky Food Importers - Bob Buckberrough Memorial Ritter Sport Chocolate Golf Tournament Robin Davies Memorial Golf Tournament Jo-Ann Cooke Family Foundation Gala Bowl For a Cure Run or Walk to Conquer Cancer - ScotiaBank Toronto The Pickle Barrel Golf Tournament Canadian Computer Charity Golf Classic Waterfront Marathon Canadian Indoor Classic $1,000,000+ Up to $24,999 Taylor Cup Pond Hockey Championship Carmen D’Urzo’s 50th Birthday Party Journey to Conquer Cancer- Run or Walk 5 Points Bar & Grill Fundraiser Team Ian Celebrate the Holidays wtih A Christmas Wonderland Holt Renfrew $250,000 - $999,999 SCRF Tee-Up Against Cancer A Cure for Life Group Charity Challenge Dance to Conquer Cancer The Joe Di Palma Foundation Gala A Diva Night Cheryl’s Hope Golf Tournament Joe’s Team Triathlon Toronto Firefighter Calendar ACE Co-Ed Beach Volleyball Tournament Children’s Holiday Party Sponsored by Lunch with Margaret & George Paradise Homes Multiple Myeloma - M-Moving Chiros Care Foundation Together Towards the Cure (Journey To Conquer Cancer Run or Walk) Crop for the Cure Cuts for Cancer $100,000 - $249,999 DaCosta Family Charity Golf Believe In Fashion Danielle’s Diamonds- Elana’s Voice Tournament of Hope Grimm’s Agnico Eagle Mines Invitational Dan’s Backyard BBQ - Sheehan Family Harry’s Spring Run-Off Delta Pi Sorority Ribbon & Roses Auction Head for a Cure - Journey to Conquer Dique’s Family Christmas Dinner Cancer Run or Walk $25,000 - $49,999 Adam Coules Tribute Ducato Dei Vini Friuliani Most Wanted Fashion Show BJCC Charity Golf Classic Alli’s Big “Do Chop” Ceremonial Dinner Oakdale’s Golfing Fore The Cure Eddy Panetta’s Family Skate Climb For Cancer Annual BBQ Charity Cookout The Gerry & Nancy Pencer Daniela Del Rosso - Feric Cross the East Bike Ride Brain Trust Gala Annual Road Hockey Tournament A Decade of Determination in Memory of Elana Waldman Fight 4 Cancer $50,000 - $99,999 Drop Cancer Drop In Arnie Abramowitz Charity Firefighters Against Cancer’s Existence (F.A.C.E) A Cure in the Future Retro Gala Freed Charity Golf Classic Golf Tournament Firefighters’ Cancer Research Fund B-Strong Walk Hearts for Hart Golf Tournament in Backyard BBQ & Movie Night Memory of Michael Kamin Hart in Memory of Awn Matthew Firefighters Combatting Cancer
30 2015 Report to Our Donors First Annual Memorial Golf Tournament Lisbeth CD’s Fundraiser Red Head Challenge in Memory of Miroslaw Gapinski Looped for Life Ribbon of Hope Frank Young Haircutting in honour of Love 4 A Cure - Kiss and Tell Run or Walk Champions Mrs Norah Yalonda Young Run or Walk to Conquer Cancer - GoodLife Fitness Toronto Marathon Select Wine Necktag Silvana Bozzo Tribute Dinner Slo Pitch to Conquer Cancer Society Goraniton 50th Anniversary Gala Splash’N Boots Concert Stayin’ Alive Disco Party Steve Tisor Memorial Golf Classic Team Ed TSCC1987 Charity BBQ Tears of An Angel CD’s Fundraiser Week of Fundraising in Memory of Carol Bennett The Arbonne Angel’s Fight For the Cure 2 Wheel Excitement Inc. - Ride A Pink Bike The Jump Off Wings of Life Women Fight for the Cure Friends & Family Play for the Cure Malvern Collegiate Fashion Show The Mike Dickinson Grey Cup Party York Memorial Walk Friends Forever Mane For Pain Haircutting The PMCF Next Generation York University Gala Fundraising for Myelofibrosis Maria Cordeiro Golf Tournament The Victory Awareness Campaign Garage Sale for Esophageal Research Marisa Memorial Golf Tournament Golf Fore a Cure Menin Street Fair Harmony Center Events Miwa Kobayashi Malcolmson Tribute Heroes For Heroes MPS Etobicoke Walk-A-Thon Hobbs Family Annual Cottage Mud Hero Classic Golf New Central Public School Home Run Cure Slo-Pitch Tournament Palmer Bros. Charity Golf Tournament IAHSS- Ontario Chapter Golf Tournament Phil Heron Running 800 km for Charity In Memory of Yvonne Bacchus Pink Ribbon Event Insurance Insight Inc. Silent Auction Pink Tree Walk to End Breast Cancer Interbike 2014 - RSD Bikes Power 2 Cure Jack Astor’s Bar Competition 2014 Pretty in Pink Party - Jeanne Lottie JD CD Sales Project Give Back JK Gourmet Puck Cancer for Carley - Queen’s Kate’s Conquering Cancer Challenge University Men’s Hockey Kathy Morrison Memorial Ratech Golf Tournament Golf Tournament
The Princess Margaret Cancer Foundation 31 Introducing the Till & McCulloch Society
ifty-five years ago at the Ontario Cancer Institute For a disease as complex as cancer, the ability to bring F(now Princess Margaret Cancer Centre), two experts in different fields together to solve a problem researchers—a biophysicist and a physician focused or prove a theory is essential. Equally essential is the on leukemia and normal blood formation—joined continuing support of ‘multi’ sources of philanthropy— forces. The result: Drs. James Till and Ernest McCulloch individuals, families, foundations and corporations. are recognized today as the Fathers of Stem Cell This year, The Princess Margaret Cancer Foundation Science. They are an early example of why Princess created the Till & McCulloch Society to recognize Margaret Cancer Centre is one of the top 5 cancer supporters who have cumulatively donated research centres in the world: multi-disciplinary $1 million or more to fuel cancer research at The collaboration. Princess Margaret. We are grateful to all of the individuals, families and organizations listed below for their vision and their passion to help conquer cancer in our lifetime. To honour their tremendous support, members of the Till & McCulloch Society have the opportunity to attend exclusive events with cancer centre leadership, and they are the first to receive important updates and information. For more information about the Society, please contact Margaret Barry, Associate Director, Donor Drs. James Till and Ernest McCulloch Relations and Research at 416-946-2912 or [email protected].
Below are the founding members of the Till & McCulloch Society*
The Andrée Rhéaume and The Elizabeth and Tony Comper The Allan and Ruth Kerbel The Samuel Family Foundation Robert Fitzhenry Family Foundation Family Scotiabank Foundation FDC Foundation Neville and Lorraine Shoppers Drug Mart Susan and Murray Armitage Graham Farquharson Kirchmann Allan Slaight and Emmanuelle The Atkinson Charitable Gordon and Donna Feeney The Lewitt Family Foundation Gattuso Foundation Front Street Capital Charitable Jon and Nancy Love The Slaight Family Foundation Molly and David Bloom Foundation Ronald MacFeeters, Sheila The Strobele Family BMO Financial Group Bruce Galloway MacFeeters, Laura Kevin and Sandra Sullivan Boehringer Ingelheim Myron and Berna Garron MacFeeters and Elizabeth Joey and Toby Tanenbaum (Canada) Ltd. Peter and Shelagh Godsoe and Hamilton Tauba & Solomon Spiro Family Maggie Bras Family John and Gail MacNaughton Foundation David and Paula Butterfield Greenpark Group Tak W. Mak Edward G. Thompson CARA Operations Limited The Gucciardi Family Margaret and Wallace McCain The Westaway Charitable Family of Haji Usman Hoffmann-La Roche Ltd. National Pancreatic Cancer Foundation Dawood Choksi Hold’em for Life Charity Canada Foundation Robert and Gerardina Wharton CIBC Challenge (Pancreatic Cancer Canada) and Family John and Myrna Daniels Jack Weinbaum Family Nancy Pencer & Family Sherry and Edward Drew Foundation Pfizer Canada Inc. Anonymous (6) The Elia Family Jesse & Julie Rasch Foundation The Posluns Family Foundation
*Names appear with express permission received from the donor.
32 2015 Report to Our Donors Gluskin Sheff and Associates Inc. Great-West Life The Harold E. Ballard Foundation Husky Food Importers & Our Donors Distributors The following donor list shows gifts received and pledge payments made through IBEW Construction Council of Ontario all fundraising activities during the fiscal year April 1, 2014 to March 31, 2015. Irving Tissue The Jack Weinbaum Family In the interest of cost-effective production of this report, a more complete donor Foundation list and the endowed and expendable fund lists are published with our online Jesse & Julie Rasch Foundation The Joe Di Palma Brain Tumor & 2015 Report to Our Donors which you can find at www.thepmcf.ca/onlinereport2015. Pediatrics Foundation In Honour of David W. Harrold - Maija Karppa Judith and Stephen Kauffman Longo’s Family Charitable Front Street Capital Charitable The Muzzo Family Foundation Pioneer Foundation National Pancreatic Cancer Canada MFS Investment Management $1,000,000 - $4,999,999 Peter and Shelagh Godsoe and Foundation (Pancreatic Cancer James Nicol Agnico Eagle Family Canada) The Norman and Marian Susan and Murray Armitage Lei-Beng Goh New Gold Inc. Robertson Charitable Betty Florence Clark Harry Rosen Inc. Ontario Pipe Trades Council Foundation In Honour of Harry and Cissy Clark, Patrick Hung and Family Primero Mining Corp. Novartis Oncology and Nelson and Vesta Clark James Grant LeBlanc Allan and Bernice Profit Division of Ocular Oncology - FDC Foundation The Lillian and Don Wright Larry Rosen Princess Margaret Cancer Centre Myron and Berna Garron Foundation Hana Rubins Patrick Hodgson Family La Fondation Emmanuelle Gattuso Ronald MacFeeters, Sheila S.O. Asher Consultants Ltd. Foundation The Lewitt Family Foundation MacFeeters, Laura MacFeeters Maneck Sanjana Provincial Building & Construction Allan Slaight and Emmanuelle and Elizabeth Hamilton Shoppers Drug Mart Trades Council of Ontario Gattuso Norm and Laura Lamarche Family Silver Wheaton Corp. Michael A. Psaki Slaight Family Foundation Foundation The Strobele Family PwC Management Services LP Kazimiera Supczak Pfizer Canada Inc. Ian Tannock Rogers Group of Companies The Westaway Charitable RBC Foundation Kenneth and Joan Taylor Scotiabank Foundation Antonio Sicilia Sherry Taylor Drew Joey and Toby Tanenbaum TD Bank Group Under Armour Canada Tauba & Solomon Spiro Family Varian Medical Systems The W. Garfield Weston Foundation Foundation Champion Hugh Walker Allan and Shirley Taylor $500,000 - $999,999 Leader Elliott and Mimi Wilson Edward G. Thompson Family and Friends of Lusi Wong The Andrée Rhéaume and Robert $100,000 - $249,999 Division of Thoracic Surgery, Fitzhenry Family Foundation Yamana Gold Inc. Princess Margaret Cancer Douglas and Elsie Andrew Phil and Dorothea Bloom Centre/UHN Barrick Gold Corporation Boston Pizza International Partner Tomkins Gates Corporation Bryant Family Division of Medical Oncology and $50,000 - $99,999 Lucy Natalie Vince Hematology - Princess Margaret Barbara Lee Cartwright Joseph Vitale and Daniela Cancer Centre Robert Dorrance and Gail Abbott Nutrition Botto-Vitale E.L. (Ted) Donegan Drummond Clive and Barbara Allen The WB Family Foundation Charles Edmonds Joseph James Duxbury Apotex Foundation - Honey and Larry Weir The Elizabeth and Tony Comper Janice Fukakusa and Greg Belbeck Barry Sherman Don and Sarah Wiersma Foundation Ganz Family Foundation Jack and Patricia Barclay YM Inc. GOLDCORP William Thomas Geddes Marvin and Linda Barnett Joint Department of Medical The Gerry and Nancy Pencer Douglas Bassett Builder Brain Trust Sean and Peta Boyd Imaging - Radiologists $25,000 - $49,999 Kinross Gold Corporation Harry and Joyce Gibbard The Brettler Mintz Foundation Radiation Oncologists - Princess Green Shield Canada Foundation Cadillac Fairview Corp. Ltd. ACXSYS Corporation Margaret Cancer Centre IAMGOLD Corporation R. Denys Calvin Adlib Software George Ingram CGI Joseph and Morena Agueci International Union of Operating In Honour of Jim Chamberlain Keith Ambachtsheer and Virginia Innovator Engineers Local 793 Eleanor Gladys Chapman Atkin $250,000 - $499,999 Jardino Family Thomas Richard Cluff Asbestos Workers Local 95 AstraZeneca Canada Inc. The Allan and Ruth Kerbel Family Coalition to Cure Prostate Cancer Ronald William Atkinson BMO Financial Group Jean Kramer Conam Charitable Trust Stephen and Dianne Bear CIBC John and Joceyln Lecluse Deloitte & Touche Foundation BloombergSen Investment John and Myrna Daniels The Lewin and Moscarello Families Canada Partners Enbridge Gas Distribution Sheila Loftus and Family In Honour of Teresa, Robert and Bothwell Accurate Co. Inc. Shirley Pond Estey Mechanical Industry Advisory Elsie Agnes Demers Bourne Family Foundation Gordon and Donna Feeney Committee (MIAC) Denis and Janet Evans Brookfield Global Integrated Kristiina Fiorino, In Honour of James Kyle Mellor Juliana and Johnny Fung Solutions Cecilia Fiorino Helen Eileen Meredith Giovanni and Concetta Guglietti Burgundy Asset Management Ltd. Garton Stuart Miller Family Foundation Alice Cameron
The Princess Margaret Cancer Foundation 33 Don and Nita Reed Allen Berg At the Castle, anything Lance Rishor Bergamo Developments Inc. can happen… Lionel and Helaine Robins Marsha Berk Rodair International Ltd. Alex Besharat The always-creative Pencer family once again dazzled Richard Ross Joel Binder Lolita and Matthew Savory The Bitove Foundation the guests at their annual gala A Night at the Castle The Schneider Family Foundation Laurie Blainey held at Casa Loma on May 28, 2014. Over 500 guests James Herbert Scott Jack and Kathy Bloom enjoyed a petting zoo, casino, photo parlour, cabaret Mary Shenstone Molly and David Bloom Gary and Donna Slaight Bondfield Construction Company Ltd. and a ‘mystic’s lair’. Couples had the opportunity to Spidertech Inc. John and Susan Bowey renew their vows at Cherub’s Chapel of Love! Sporting Life Inc. Geoffrey Alan Boyes Sean and Alex St. John Angelo Bozzato This was all in support of The Gerry & Nancy Pencer Brain Starlight Investments Ltd. Kathleen Bresnahan Tumor Centre at The Princess Margaret which is marking Sugoi Performance Apparel The Brides’ Project The Bridle Bash Foundation 15 years of global impact. The Centre treats and cares Kevin M. Sullivan and Family Eva and Gabor Szekely Broadridge Financial Solutions for over 5,200 patients and their families every year TELUS Bradley Brodkin and conducts breakthrough clinical research. Dorothy Tessis Brown-Forman Canada J.W. Nevil Thomas and Family Bruce Wilson Landscaping Ltd. Douglas Thompson Jane Burfield Trade Secrets M. William and Dorothy Burke Pat Nichols and Bob Tundermann In Recognition of Ruth Burnett From In Honour of Betty Florence Joseph, Gail, Lorne and Sheldon Turnbull Burnett Turner Fleischer Architects Inc Mark Caiger Gino Vettoretto Canaccord Genuity Walmart Canada Corp. Canada Goose Ralph Ross Ware Canadian Uro-Oncology Group Ron Waters Anne-Marie and Robert Canning WAYFF Global Ltd. Gordon Canning Florence and Mickey Winberg Cardano Sarah Wright Carpenters District Council Of Ontario Bob Chan Kinson Chan Larry Chapman and Cassie Connolly Friend Charter Construction Limited $10,000 - $24,999 Abid Chaudry CI Financial Corp. Cancer Care Ontario KPMG Foundation 1251415 Ontario Ltd. Cinderbloc Canso Investment Counsel Ltd. The Krembil Foundation 2013097 Ontario Ltd. Cityzen Development Group Celgene Corporation Local 67 - United Association of A+E Networks Manuel Clementino CGOV Foundation Journeymen & Apprentices A & J Vacworx Inc. Coca-Cola Canada David and Lynn Coriat Wendy Long-Davies Leonard and Marcy Abramsky Esther and Jack Cole and Family Danier Leather Gail MacNaughton Acier Wirth Steel Leo H. (Ted) Coneybeare Raymond Danniels Karen and David Maidment Ronald J. Adams Tami Cope Paolo D’Elia and Family Manulife Financial Adidas Canada Ltd. Cormark Securities Inc. Ronald Dits Marant Construction Limited AGF Investments Inc. David and Stacey Cynamon E.S. Fox Limited The Mariano Elia Foundation Albion Glass Company Limited Carlos and Palmeria Da Costa Barbara Edwards Marjorie Allan Foundation Don and Elyse Allan Evelyn Frances Dale Tom and Karen Ehrlich and Family The Master Insulators Association Mark and May Allison Pearl and Dominic D’Alessandro Susan and Ron Flam of Ontario Inc. Amalfi Home Building Inc. Davies Ward Phillips & Vineberg LLP Bruce Galloway Mattamy Homes Ltd. Ampere Limited The Dawson Family Sharing Victor Kelman Grant McCarthy Tetrault Foundation John and Barbara Armstrong Foundation Cathy Hale Lazo Mikijelj Astellas Pharma Canada Inc. Garry DeGeer Charles Hantho Family Marlene Miller Autoplanet Group Inc. Dell Canada Inc. Paul Harper Molson Coors Canada Cheryl Babcock Lionel and Winsome deMercado Leonard Harris Peter Murdoch A. Charles Baillie Desjardins Securities HSBC Bank Canada My Tribute Gift BAPS Shree Swaminarayan Daniel Drimmer Glenn Hunnings Noreen Fraser Foundation Sanstha Inc. Dundee Corporation Ivanhoe Cambridge Inc. Normerica Inc. Barclays Capital Canada Inc. Ken and Susan Edwards, Megan Edwards, John and Jennifer Katharine and Glenn Ives Geoffrey and Dawn Ogram The Barnes Family Charitable Cranfield Jack Link’s Canada Company Pal Insurance Services Ltd. Foundation Nermine Elgammal Janssen Inc. Chris G. Paliare and Eva Ron and Sharon Baruch EllisDon Corporation The Jarislowsky Foundation Marszewski Bayer HealthCare Empire Communities (2183 Lakeshore Joe Finley Family Foundation Allen E. Parks BDO Canada LLP Blvd) Ltd. Johnson & Johnson Inc. Phenomenome Discoveries Inc. Beaver Valley Ski Club Enzo Mercuri Designs Inc. Neville and Lorraine Kirchmann Pinchin Ltd. Stephen Belgue and Michelle Philip Evershed Gerald and Paula Kirsh and Family Polar Securities Inc. Di Carlo
34 2015 Report to Our Donors Agnes Faraci Ronald S. Lloyd The Posluns Family Toronto Hospital Urology Associates Gail and Robert Farquharson Local 527-United Association Priestly Demolition Inc. Gordon Tozer Graham Farquharson Local 628-United Association of Andrew and Valerie Pringle Trans-Ontario Ceiling & Wall Maretta Fedy Plumbers & Pipefitters Progressive Waste Solutions Ltd. Systems Inc. Mary and Jack Fekter Local 787-United Association Chris S. Purkis Transpower Utility Donald Firth Joe Lombard Ann Rastin Tony and Wendy Traub Four Seasons Drywall LoyaltyOne Raymond James Canada Eric Tripp and Maria Smith Robert Francki Gerald Lozinski Foundation Philip and Nanci Turk Harvey and Helen Fruitman LTP Sports Group Inc./ Norco Registered Nurses Association of U.A. Local 663/MCAS Safety Trust Gary Bluestein Charitable Bicycles Ontario Fund Foundation Naomi Himel and Ron Lustig Anne-Marie Renaud United Association Local 401 Division of General Surgery, UHN Sandy and Bart MacDougall Rexall Foundation United Association Local 853 - Generation Capital Mary and Garth MacGirr RioCan Real Estate Investment Sprinkler Fitters of Ontario Peter Gilgan Bruce Mackay Trust United Association of Journeymen Kosty Gilis Mackenzie Financial Corporation Jan Roadhouse and Apprentices Glencore Canada Corporation Magna Gloria Robins and Family United Association Plumbers & Glendon College Student Union Adrienne and Douglas Mahaffy Ken Robins Pipefitters Local 800 Global Egg Corporation Mantella Corporation Roche Canada Universal Workers Union Local 183 Globe and Mail Emile Marino Gioconda Rosati University of Alberta Gluckstein Design Planning Inc. The Marmilwood Family Trust Sage Investments Ltd. Peter von Schilling Michael and Libby Goldgrub Paul Martin Samuelsohn Ltd. Walk For A Cure Dinner Stewart and Jean Green Kathleen Irene Martyn SCI Group Inc. Elizabeth M. Walter Eileen Greene Joyce Louise McCathie Deborah Scott David and Anne Ward Pierre Greffe Bill McFarland Seeback Holdings Inc. Simon Warga Elizabeth Groves Norma Jean McLean Selah Charitable Trust Wealhouse Capital Management Brian Guenther McMaster University Paul Selick Michael Wekerle Tracy A. Hackett Tammy McNeil Bradley Shaw Brigitte Westaway Harper Truck Centres Mechanical Contractors Shiseido (Canada) Inc. Robin and Barbara White The Harquail Family Association Toronto Simona and Alex Shnaider The Willowool Foundation M. Marianne Harris Merrill Lynch Canada Inc. Naju B. Shroff Michael and Shari Wilson Harvey Kalles Real Estate Ltd. Howard Michaels Hatch Ltd. Ada Slaight Richard Bruce Wilson Stephen Morson Heather and Frank Heaps David Smith Charles Winograd James Morton The Heavy Construction Smycorp Investments Inc. Gale and Jerold Winter Lynn Miller and Louise Morwick Association of Toronto Soberman LLP Chartered William Young Mosaic Group Janet and Peter Herman Accountants Department of Surgery, Mount Joan R. Hickey Howard Sokolowski and Linda $5,000 - $9,999 Sinai Hospital Holt Renfrew & Co. Ltd. Frum 7347898 Canada Inc. Sheila Murray Egon Homburger and Lucie Tuch Soncin Construction Corporation 1062074 Ontario Limited National Bank of Canada Homburger South Caledon Soccer Club 1832 Asset Management L.P. New Enterprise Garth Moving Inc. Home Trust Company Stephen D. Sperling A Cure, For Life Group NHL Foundation Patricia Marie Hosack St. Joseph Printing Limited A & E Networks Stanley Edward Nicolle Marilyn Hosang St. Michael’s Hospital Darren Ablett Gilda Niman Hudbay Minerals Inc. Nicholas Stamatopoulos Hyman and Phyllis Ackerman The Norman and Margaret Hudson’s Bay Co. Donna Steck and Family In Honour Adriatic Insurance Brokers Ltd IA Clarington Investments Jewison Charitable Foundation of Our Beloved Husband and North American Property Group Aecon Buildings Industrial Alliance Insurance and Father Brian Steck Alex Afshar Financial Services Inc. Nucap Industries Inc. Elsa and Ted Stringer Marlene Nyilassy Agardy Glass & Aluminium Inc. International Brotherhood Of Fahim Sultan Air Canada Foundation Electrical Workers Local 353 William Nyman Sunset Flora Builders Corp. Ontario Acoustic Supply Inc. AirBNB Irene Reingold Family Roger Sutton The Albert & Egosah Reichmann Foundation-Dr. Morton Ontario Power Generation Suzy’s Employees’ & Pensioners’ Family Foundation Reingold T.G.H. Otolaryngology Research Albion Rental Susan E. Isbister Charity Group Inc. Gedalia Orzakovski Alexander E. Grossman Foundation Bonnie and Terry Jackson T.S.X. Group Alloway Trust James Waters Investments Limited The Oshawa Golf Club Limited Tina Tehranchian & Shahdad Oxford Properties Group The Alofs Family Jays Care Foundation Bekhrad Amgen Canada Inc. JBS Foundation Inc. P & H Milling Group Tesari Charitable Foundation Apollo Health and Beauty Care The Jo-Ann Cooke Family Pal Benefits Inc. Teva Canada Limited Ardis Archer Foundation Parrish & Heimbecker Ltd. Jochen Tilk Leonard Arkell Rick and Michelle Keilhauer David Pauli Times Group Corp. Blaine Arnold Marty Kelman and Gilda Tanz PCL Construction Canada Inc. TMX Group Inc. Association Emborio Kozani O King Masonry Yark Ltd. Peter Mielzynski Agencies Ltd. Tolin Enterprises Ltd. Filippos Toronto Ontario Canada Brant and Nadine Latham Constance Isobel Peters Robert Tomas Assurant Solutions The Legresley Family Foundation The Pickle Barrel Torkin Manes LLP Paul Atkinson Stephen Letwin Division of Plastic Surgical Toronto & District - Carp. Atlantic Packaging Products Ltd. Lynda Levick Oncology, Princess Margaret Contractors Assoc. Lifelong Nutrition Cancer Centre The Atlas Corporation Toronto Civic Employees Union Pamela and Paul Austin The Lillian and Norman Glowinsky Plastixx Extrusion Technologies Local 416 Family Foundation Polar Foundation Autoliv Electronics Canada
The Princess Margaret Cancer Foundation 35 B.B.M. Excavation Company Ltd Creative Wealth Media Finance Formacon Construction Imperial Coffee & Services Inc. Audrey Babb and Walter Maves Corp. Forsa Equipment Repair Inc. Insight Productions Company Ltd Salah Bachir Richard Currie Fortress Real Developments Inc. International Association for Charles Baker Cynthia Findlay Toronto Antique The Fourth Box Charitable Healthcare Security & Safety Richard Barnby Centre Foundation Ipex Inc. Barrday Marcelo Cypel Shaun Francis Island Edge Inc. M. Kelly Beales Trevor Da Silva George Frankfort Richard Ivey W. Geoffrey Beattie Don Dalicandro Ian Fraser Jack Astor’s Bar and Grill Ltd. Beck Taxi Limited Deborah D’Arcy Joe Freedman Brown-Forman Canada Bedford Park Players Gail Darling Freedom International Brokerage The John Di Battista Foundation Neil Beesley David Schaeffer Engineering Ltd. Inc. and the Di Battista Family Bell Canada Peg Dawkins Susan Fromer John W.S. Preston Charitable Ron Belluomini Vicki De Meneghi Chris Fuhrmann Foundation Berry Plastics Corporation Marc de Perrot Furfari Paving Co. Ltd. Cameron Johnstone BFI Canada Inc. Michael Decter Norma Galli Mona Juravsky Giovanni Bianchini Deep Foundations Contractors Inc. Garret Elise Kalles Lenny Binder Carlo and Angela DeGasperis Daniel Gauvin Murray Hart and Jill Kamin Larry Birchall Silvio DeGasperis Gazzola Paving Ltd. David Kassie Bistricer Charitable Foundation Elvio Del Sorbo Gerald Sheff & Shanitha Kachan Keal Technology John Bitove Nicholas Del Sorbo Charitable Foundation David Keeley Heather E. Black Della Shore Investments Ltd. Gerdau Patrick B. Keeley Catherine Janet Blackburn Detailz Chair Couture Stephen Gerring Kelson Family Foundation Blankenstein Family Foundation Amar Dhanoya Christine Gerritse Kensington Foundation Bloom Burton & Co. Rose Patten and Thomas J. Patrick Gibson Shaf Keshavjee BMC Masonry DiGiacomo Barry Gilmour Kik Custom Products Alice Boccia Anthony DiPierdomenico Myer Godfrey Warren and Debbie Kimel Oliver Bock Fernando Dias Martins Steven Goldberg Janette Kincaid Luigi Bonitatibus Discount Grocery Dealers Mark Goldenberg Andrea Kirsh Borello Holdings Inc. Association Inc. Leo and Sala Goldhar Claudette and Holger Kluge Borges Foods Ltd. Alison Domingues Kim Gonneau Jo-Anne Knysh Peter and Judith Bowie Richard Domman Mildred M. Gould Murray and Marvelle Koffler Elizabeth Bracken Downsview Chrysler Dodge Jeep Herman Grad Kohl & Frisch Limited Rudy and Catherine Bratty Fiat D. Graham Ralph Kollars Brenda Brazier DPRA Inc. William and Gwendolyne Graham Vahan Kololian Charles R. Bronfman Dr. Aziz Medical Professional Andrew Greatrex John and Margaret Krall Philip Browman and Family Corporation Alan Greespan Paul Krandel Allan and Lisa Brown, Richard and Dro Partnership Harleen Grewal L.I.U.N.A. Ontario Provincial Laurie Lederman Drum Workshop Inc. Leo Guerin District Council Brian Brown Steve R. Dunk William Guy Labour Ready Andrew Buchan Brian Dutton Jack and Judy Gwartz Lake Forest Academy Karina Bukhanov Assaf Dvir Graeme Hamilton Judy and Bruce Langstaff Michael F. Burke Marni Dvir Richard and Nancy Hamm Leao D’Ouro Restaurante Bar Calsper Developments Inc. Earl O’Neil Electric Supply Ltd Jim Harrison Manuela Ledo Camden Glass Elirpa Construction & Materials Caroline Harvey Patricia Lee Canada Life Limited Heat & Frost Insulators & Asbestos Micki Leger-Simpson The Canada Trust Company Ell-Rod Holdings Inc. Workers Local 119 Sandra Leith Canadian Association of Medical Amr Elmaraghy Heavy Construction Association The Leonard & Felicie Blatt Radiation Technologists Emk Construction Limited of Toronto Foundation Canadian Conference of Asbestos Luise Enderle George and Linda Heller Leon’s Furniture Ltd. Workers Equigen Limited Partnership Barry Henderson Lerxst Music Inc. The Carol Sheriff Foundation Ermenegildo Zenga Mary Ellen Herman Theresa Leung The Chastell Foundation Ernst & Young LLP Catherine Heron Sheldon Libfeld Gordon and Julia Cheesbrough Wilfred M. Estey Catherine Herschell Lilly Meghan Cheesbrough Exel Inc. Tammy Herzog Brown Lloyd Carr-Harris Foundation Shan Cheng The Faas Foundation John Hewig Loblaws Chiros Care Foundation Michael Faralla Holcim (Canada) Inc. Longbow Capital Cityview Road Cleaners Ronald Farmer David Honderich Gordon Love Thomas Clapp H. Lawrence and Beverley Fein Joan Hood Jon and Nancy Love Sheila Clotworthy Fell Family Jason Hultink Cory Luedtke Cole Engineering Group Ltd. Florence Fenwick Humberview Group Leasing Inc. For Donald Lunau Ellen and Albert Cole Carolyn Feric Steven Hurowitz and Diane Osak Margaret Lynch G. Cole Fermar Paving Ltd. Shaukatali Hussein M.A.M. Group Inc. Colio Estate Wines Fidelity Investments John Huxley Lai-Hing Ma Andy Colwell Fiera YMG Capital Hydro One - Employee’s and Mabel & Gordon McMillen Commercial Mechanical Services Financial Executives International Pensioner’s Charity Trust Fund Foundation Ltd. Canada IBEW Electrical Union Duncan Macarthur Valerie M. Conforti Kenny Finkelstein IBM Canada Employees and Paolo Maccario Susan Corrigan Fisher Scientific Limited Retirees Paul Mack Dr. Betty Cragg Fondation Les Roses De L’Espoir ICICI Bank Canada Ross MacKinnon
36 2015 Report to Our Donors William MacLaren Gloria Veronica Maria Pasquale Cann Italo Maio Babubhai Patel Harry’s Spring Run-Off Karen Malatest Duriya Patel J. Paul and Phyllis Malette Eleanor and Laurence Pattillo hits 10-year mark Helen Mallovy-Hicks Paul and Elizabeth Martin Jason Manning Foundation For Toronto running enthusiasts, Harry’s Spring Run-Off Ronald Manning PC Financial opens the running season in a setting that is considered Mansteel Rebar Ltd. John Pearson Margarine Thibault Peartree Financial Services Ltd. one of North America’s prettiest urban courses—High Park. Family and Friends of Nada Pehar Marsh & McLennan Companies Each year, for the past 10 years, the event has attracted Diane McCabe Lino Pessoa Daniel McCarthy The Philip Smith Foundation more than 4,000 runners and walkers, and many of them D. Walter McCormick Andrew Pierre dress up in the spirit of the race’s sponsor, Harry Rosen, Rachel Pineault Stephen Mccormick sporting tuxedos, bowties and top hats and competing for David R. McCready Brett Pitblado Frederick G. Ted McDowell Plan Group Inc. a spot on the list of the best dressed runners. Portuguese Canadian Integration John McEwen However, the focus for the past decade has been raising James McGovern Movement Peter and Elinor McKergow Powerstream & Transpower money for prostate cancer research at Princess Margaret Robin McLuskie Vivienne Poy Cancer Centre. Team fundraising and individual donations Prete Family Chris McPhee have added up to a 10-year total of over $2.8 million, Miles S. Nadal/MDC Corporation Progress Luv2pak International Ltd Medavie Blue Cross Brian Quinlan which has infused dozens of programs and studies at the Merck Canada Inc. William and Cynthia Quinn cancer centre. Dr. Robert Bristow leads many of these Zoran Radonjic Meritview Decorating Ltd. programs, and he says, “With the funds received each year Michelle and Michael Levy Family David and Janice Radtke Foundation Ratha Ramiah from Harry’s Spring Run-Off, our research team has been George Miljevich RCC Media Inc. able to prove the viability of several new approaches Tom Milroy Rebecca & Alan Simpson Family Foundation to diagnosing and treating prostate cancer. This ‘proof Mindham Fine Jewellery of concept’ has enabled us to qualify for some very Clive and Fran Minto Joel and Jill Reitman Mirolin Industries Corp. Residential and Civil Construction substantial government research grants.” Bruce H. Mitchell Alliance Of Ontario Barry Reznick Bruce Miyashita Richardson GMP Limited MMM Group Limited Roadside Paving MNP LLP Jordan Robins Daisy Morrison Steve Rodriguez Mosaic Sales Solutions Rogers Centre/ Blue Jays Multimatic Mfg. Fundraising Glenn Murray Francesco Romano Steven Muzzo Annie Ropar Julie Naruse The Rotman Family Foundation Ruth Naruse Rubinoff Family Charitable NBCN Foundation Susan Newman In Honour of Patrick Russell Normark Electric Inc. Ruth and Irving Levine Family Lesley E. North Foundation North Wales Mechanical Ltd. Terry Rygallo Michael Sharpe Helen Stark Northleaf Capital Partners S C Financial Investments Owen Shime State Window Corporation Northwood Private Counsel S.I.C. Holdings Inc. Shoreway Flooring Ltd. Gary and Julie Stern and Family Nuvo Research Inc. Salesforce.com Foundation Mary Siemens Ann and Robert Stevens Rob O’Connor Charles Robert Sanderson Signet Group Inc. Ed Stevenson Shirley Ogden Cookie and Stephen Sandler Edward Sikkema Timothy Stinson Vartan Ohanessian Sanofi Pasteur Silver Apple Foundation Inc. Strada Aggregates Ontario Energy Network Kathryn Sayers Silver Lake Sauble Beach 2014 Jessica Strasberg Ontario Excavac Inc. Gabriella Schmidt Christopher Sinclair Fred Sturm Philip S. Orsino Schneider Electric Canada Inc Duncan Sinclair Andrea Sugar Otsuka Canada Pharmaceutique Rolf Schoene Esther and Ronald Sirkis Gary and Louise Sugar Gilles Ouellette Schumacher Family Foundation Leonhards Skreitulis SummerSkates Ovarian Cancer Canada Jeffrey Schwartz Paul and Carol Slavens Sun Life Financial Marie J. Overweel Alan Schwarz Roy Smith Melanie Swim Painkiller - Wm Ronald and Joanne Schwarz Janina Smolenski Takeda Canada Inc. Gerald Panneton Scripps Networks Interactive Somard Limited Partnership Larry and Judy Tanenbaum In Honour of Walter B. Pape SDI Marketing Sony Canada Charitable Tangerine Bank Paradise Banquet & Convention Erin Searle Foundation Fred Tanguay Centre Seedia Express Sony Pictures Television Canada Telebrands Paradise Homes Corp. SFAFT of Canada Inc. David Speigel Leesa Templeton Paul Parete Derek Shama Sheila Stahl Therapure Biopharma Inc.
The Princess Margaret Cancer Foundation 37 Stephen Thom Urban Painting & Decorating Ltd William Webb Woodbine Entertainment Group Thornton Grout Finnigan LLP Valleymede Building AMA Eddie Weisz Mari-Jayne Woodyatt Darren Throop Corporation Weisz Family Foundation Kazuhiro Yasufuku Tokmakjian Inc. Bill and Sarah Vanderburgh Marion Jean Wellwood Nancy Diane Young Philip Torno Denis J. Veres Eric Wetlaufer Robert Young Transcontinental Inc. Frank Vettese Robert White Young & Rubicam Ltd. Jane Tredway Mary-Alice Vuicic William & Betty Finch Fund @ Bella Ziering-Lando Trinity Development Foundation Thomas Waddell Strategic Charitable Giving Zip Signs Ltd. UBS Securities Canada Inc. Waks Family Foundation Foundation Richard Zurawski Unilever Canada Limited Waratah Capital Advisors Timothy Wilson Zzen Group of Companies Universal Studios Canada Inc. George Wasserstein Kan Sum Wong
The PMCF’s socially engaged community Thank you donors and supporters for using social media channels to engage, fundraise and spread the good news from The Princess Margaret. Keep following and stay connected!
22,793 fans For these events we trended #1 across Canada 11,138 followers #OneWalkShoeSelfie during our first ever Twitter Party on June 2, 2015 • 9,894 posts • 58 million+ impressions #TheRideTO during the 2015 event weekend • 604 posts • 1.3 million+ impressions
We are very grateful to the following firms who have generously donated their skills, products, and materials, or provided added value in support of The Princess Margaret.
102.1 the Edge Corus Radio Jaguar Land Rover Thornhill Pineridge Broadcasting 104.5 CHUM FM Courtesy Chevrolet Jim Pattison Broadcast Group Pizza Pizza 365 Productions Couture Cleaners Jones Brown Insurance Broker Porter Airlines 680 News CP24 Karbon Q107 98.1 CHFI CTV Kennedy Ford Sales Rogers Communications Inc. Able Travel Cynthia Findlay Antiques KEWL/Levelwear Samuelsohn Adidas Golf DCB Productions Laura Slack Chocolates Selfie Stick Advanced Tent Rental Della Terra Linwood Homes Shechtman Family Affair Tent & Event Rentals Deloitte LLP Longo’s Sherwood Homes Air Canada Delta L’Oreal Shibley Righton LP AKA Media Detailz Chair Couture MAC Cosmetics S.O. Asher AM640 Downtown Porsche Magen Boys Entertainment SpiderTech Inc. Around the Table Dragon Security Maison Birks Starbucks Art Gallery of Ontario EastDell Estate Winery Maranello BMW Steam Whistle Brewery Audi Uptown Markham Emanuel Ungaro Mercedes-Benz Thornhill STEMZ Barberian’s Steak House Ermenegildo Zegna Metro Student Life Network BBQ Gourmet Evanov Radio Group Micki’s Luxury Linen and Draping Studio Casa Bicycling Magazine EZNets Mindham Fine Jewellery System 4 Productions Bliss Photography Ferrari Maserati of Ontario MINI Vaughan West TaylorMade Golf Body and Soul FREED Developments MiraTel Solutions Inc. Telelatino Network Inc. BOOM 97.3 Frozen Pond Moduloc Fencing Tesla Motors Boston Pizza Genesis Cycle Molson Coors Canada The Art of Frosting Monster Energy Drink Bottechia Artistic Group Inc. George C. Toronto The Art of Productions Mosaic The Asuer Guys Creative Services Brunello Imports Giorgio Armani Naked Creative The Brick Calvin Klein Global Television NARS The Globe and Mail Canadian College of Massage and Gluckstein Design Newline Incentives The Mikey Network Hydrotherapy GO Transit Niagara Parks Commission The Printing House Canadian Rocks GoodLife Fitness Noble Estates Wines & Spirits The Room Captivate Network Granite Golf Club Norco Bicycles/Live to Play Sports The Source CauseForce Greenpark Homes Nuvango The Toronto Star CBC Harry Rosen Inc. Oakville Infiniti Nissan The Travel Network Harvard Broadcasting CFRB Newstalk 1010 Office Coffee Solutions The Weather Network Henry’s Chantler’s Environmental Service OMNI Television Tiffany & Co. Hero Certified Burgers CityTV Pacific Links International Toronto Life Civello / Aveda Highland Chevrolet Paradise Homes Trade Secrets Clif Bar & Company Holt Renfrew Yorkdale Pattison Outdoor Advertising Trafalgar Leather Concord House & Home Media Paul & Shark Trillium College Condor Security Hugo Boss Paul Alexander Photography TSN Radio Connected Multimedia Corp. Impact Canopies PCM Inc. Virgin 99.9FM Coppinwood Golf Club Ink Entertainment Pepsi Woodbine Entertainment Group
38 2015 Report to Our Donors Research Chairs
A Chair is the highest Chair Chairholder honour in academic life, Amgen Chair in Cancer Research Dr. Robert Rottapel prestigious for Chairholder Bartley-Smith/Wharton Chair in Radiation Oncology Dr. Brian O’Sullivan Daniel E. Bergsagel Chair in Medical Oncology Dr. Malcolm Moore and donor alike. The Molly and David Bloom Chair in Multiple Myeloma Research Dr. Donna Reece Princess Margaret Cancer BMO Financial Group Chair in Precision Genomics To be appointed Centre is committed Alan B. Brown Chair in Molecular Genomics Dr. Geoffrey Liu to fostering academic Ronald N. Buick Chair in Oncology Research Dr. Christopher Paige Butterfield/Drew Chair in Breast Cancer Survivorship Research To be appointed excellence and each Chair M. Qasim Choksi Chair in Lung Cancer Translational Research Dr. Ming Tsao enhances our ability to Richard H. Clark Chair in Cancer Medicine Dr. Mary Gospodarowicz attract and retain leading J. Douglas Crashley Chair in Gynecologic Cancer Research Dr. Joan Murphy researchers, educators and Dr. Mariano Antonio Elia Chair in Head and Neck Cancer Research Dr. Fei-Fei Liu Anna-Liisa Farquharson Chair in Kidney Cancer Research Dr. Michael A.S. Jewett trainees. Our Chairholders Orey and Mary Fidani Family Chair in Radiation Physics Dr. David Jaffray are recognized Gattuso Chair in Breast Surgical Oncology Dr. David McCready internationally for superior Peter and Shelagh Godsoe Chair in Regenerative Radiation Medicine To be appointed academic achievement, Gullane Family/O’Neil Family Chair in Otolaryngology/ Dr. Ralph Gilbert Head & Neck Surgery experience and success in K. Y. Ho Chair in Prostate Cancer Research To be appointed teaching and research. Alan and Susan Hudson Chair in Neuro-Oncology Dr. Fred Gentili JCB Grant Chair in Oncologic Pathology To be appointed Kirchmann Family Chair in Neuro-Oncology Research Dr. Warren Mason Lee K. and Margaret Lau Chair in Breast Cancer Research Dr. Senthil Muthuswamy Harold and Shirley Lederman Chair in Psychosocial Oncology Dr. Gary Rodin and Palliative Care Wilfred G. Lewitt Chair in Pancreatic Cancer Research To be appointed Love Chair in Prostate Cancer Prevention Research Dr. Neil Fleshner The Addie MacNaughton Chair in Thoracic Radiation Oncology Dr. Andrea Bezjak Philip S. Orsino Chair in Leukemia Research Dr. Mark Minden OSI Pharmaceuticals Foundation Chair in Dr. Natasha Leighl Cancer New Drug Development RBC Chair in Nursing Oncology, Research and Education Dr. Doris Howell Kevin and Sandra Sullivan Chair in Surgical Oncology Dr. Jonathan Irish Joey and Toby Tanenbaum/Brazilian Ball Chair in Dr. Gang Zheng Prostate Cancer Research The Scotiabank Research Chair Dr. David Brooks Scott Taylor Chair in Lung Cancer Research Dr. Frances Shepherd Weekend to End Breast Cancer Chair in Breast Cancer Research Dr. Tak Mak Robert E. Wharton Chair in Head and Neck Surgery Dr. Patrick Gullane Robert E. Wharton Chair in Reconstructive Plastic Surgery Dr. Stefan Hofer
Princess Margaret Cancer Centre-held Chairs at University Health Network The Gloria and Seymour Epstein Chair in Cell Therapy To be appointed and Transplantation The Fleck/Tanenbaum Chair in Prostatic Diseases Dr. John Trachtenberg J. Gerald Scott/David G. Whitmore Chair in Hematology and To be appointed Gene Therapy Research
The Princess Margaret Cancer Foundation 39 Lisa and Ron Feyerabend Madeline Fielding Maria Filosa and Gino Ortuso JCB Grant Society Leland J. Fisher Patricia K. Ford Jake E. Fowell Membership in the JCB Grant Society is offered to donors who have Linda J. Freedman included The Princess Margaret Cancer Foundation in their Will or have Sherri Freedman and Jeff Hoffman Sandra J. Frost made a gift of life insurance. These special friends of the Foundation have Larry and Eileen Fryer Michelle Fuss made the fight to conquer cancer in our lifetime part of their own Anthony Fyles personal legacy. Alex Gallagher Kathy Gallivan The JCB Grant Society is named after the distinguished Toronto professor of Monica L. Gaudry Paul Gauthier anatomy, Dr. J.C. Boileau Grant, the author of Grant’s Atlas of Anatomy. The Marilyn Gazey Ian Gibbard Princess Margaret has a special connection with Dr. Grant. His widow, Anne Florence Gibbons Catriona Robertson, left us a bequest of the Atlas when she died in 1982. Shirley Goldenberg Lillian Gordon With the annual royalty payments, The Princess Margaret Cancer Foundation Ethel Gorlick In Honour of Beryl Elizabeth has created the JCB Grant Chair in Oncologic Pathology, a $2.2 million Trimming-Green endowed chair, as well as a major named endowment fund. Carol Greenwood Christopher G. Guest The Grant family’s example is important to us: they have left an important Cathy Hale Elizabeth D. Hamilton legacy with a creative gift, and they have improved our ability to conduct Daniel Hanowski Doris Hansen leading-edge cancer research. Through the JCB Grant Society, we pay tribute Helen Phebe Hatton both to the Grant family and to each donor who has confirmed a planned Sharyl Hanes Lenard Haywood gift to The Princess Margaret. Suzanne Hearn Brian Hellyer Robert I. Hendy Grant Hern Joan R. Hickey David and Louise Hilson Timen P.Ho and Ling H. Ho-Lai Frances I. Masefield Acheson Robindra N. Bose Barb Crisp A. D. Holt Val and Ernie Adriaanse John and Susan Bowey Barry Crookes Bill and Karina Hope Scarlat Albright Mary Brandon Beryl Cruse Joan Pui-Ying Hosang Bruce Alexandor Harold and Fredelle Brief Enola Czech Margaret J.H. Howitt Omar Ali Beverley A. Briggs Fern Daiter Peter Hume Paul and Sheila Alofs Rob Bristow Julie Davis Glenn Hunnings Keith Ambachtsheer and Virginia William P., Gail and Billy Brown Shirl Davis Tommasino-Timpano Iozzo Atkin Ruth M. Buchanan Jean Davison Joan I. Jackson Loretta and Etienne Amestoy Joan and Jack Burkholder Mary Dawkins Simon L. Jackson Roger Andersen Reta Burrows Joyce H. Denyer Maureen James Shirley Arnold David and Paula Butterfield Tim Devlin Margaret Jenkins Chuck Arrigo Laura and Sven Byl Joseph Di Geso Agnes Jenkinson Norman K. Ashurst Richard Cadieux Daniela Di Giantomasso Nancy Jennings William F. Badke Fausto Carbone Wilson G. Dow Elspeth A. Johnson Jan H. Balledux Gail Carman and Dave Jessie L. Dowling Fran Johnston Jack and Patricia Barclay Hollingworth Maurice Drieu Barry Jones Katharine E. Barilla Dorothy Carr Diane N. Drotos Lee-Anne Kant Yee Bell Christopher A. Carson Joao J. Dutra Jeff Karl Francesco Benichasa In Honour of Jim Chamberlain Linda Ecclestone Diane Karnay and Stuart Bollefer Shirley Bennett Margaret E. Chapman Naomi Eisenberg Carla Keel Roslyn and Bernard Bennett Paul Chen Leola English Grace Kelly Beulah Besharah K. Carol Christian Audrey Ennis Nora Kent Rita Bette Joyce K. Chung Margaret A. Evered Kathryn Kernohan Aruna Bhatnager Valerie and James Clark Patricia Ewart-McLean Andrea Kinch Rosa Bianca Anne Clements Lorraine Fairley Neville and Lorraine Kirchmann Nicholas & Zachary Julie Colosimo Roy A. and Elizabeth J. Fawcett Paula Kirsh Blease-Trepanier Luciano and Paola Colozza Mike Scapicchio and Patricia Selwyn and Pippa Kossuth Michel C. Bois Olga and Warner Cowan Fazzari-Scapicchio Sherry Kou Frank Bosco Janice S. Crichton Joseph Fehrenbach Vito and Catherine Labate
40 2015 Report to Our Donors Margaret, Audrey and James Brian Pecic Laidler Myta Peters Harold Lane Stan and Helen Petrowski Donors can minimize Colin Languedoc Robert L. Pidgeon Moira and James Lawrence Gertrude Piggott estate tax! Barry Lebow Diana M. Plant Gail S. Leder and Daniel Z. Sofia Polyanovsky Goodwill Karen M. Potter Connie Lee Mary Prentis Joan and Bob Lehman Clare Price Kathleen D. Leslie Linda Puma Charles E. Letman Abel Quintal Daniel Lichtman Bernie Rees Meryl Lindale John Reilly Irene M. Lloyd Gladys Rennie Debbie Locke Edna Reynolds Audrey Loeb and David Ross Lionel and Helaine Robins Margaret Jane Logan Charles H. and Kathleen A. Maria Loschiavo Robinson Rita Louidor Marnie and Michael Rodgers Margaret Lynch Betty Ross Mary and Garth MacGirr Annice H. Rothbart Mr. and Mrs. John D. Mackay Coleman Rotstein This year, our Estate Giving team collaborated with William MacLaren Ross and Gwenda Roxburgh Tina Tehranchian, a senior financial planner, who John and Gail MacNaughton Therese Roy Robert Martin Marci J. Rubinoff delivered informative seminars about easy ways to Antonio and Seli Masegosa Barbara E. Russell reduce taxes while making a big difference in the Dana Maslic Ruth E. Russell fight against cancer. Aureade Massey Patricia Sauerbrei Jean Matlow Gabriella Schmidt Many of our donors have a Will and plan for their Doris McCartney Frank and Red Selke estate, and it is a good policy to review and revisit Janice McDonald Idola G. Semple R.A. Guy McGuire Naju B. Shroff and Keki B. Shroff an estate plan every few years. For those who Paul McNab and Mary Margaret Simmons haven’t started their estate planning, it is never too Collins-McNab Graham T. Skells late to start thinking about it. The seminar—Income Beverly McRae Linda Sky Grossman Elizabeth Meldrum Thomas Smith Tax Reduction & Estate Tax Elimination—helped the Steve Merker and Cathy Buchanan Helen Stark attendees do just that. Louis Michael Annabelle Stephens Rosa Milano D. Eleanor Stephenson The seminar was offered four times over the year Barbara Jean Miles Morag L. Stewart in different parts of the city, with an average of 30 James Miller Elsa and Ted Stringer people attending each one. Patricia Miller Shannon and Micheal Stuart Ruth M. Miller Ann D. Sutton Aggie Jenkinson was one of the appreciative Ruth Milne Dorothy Sutton attendees, and she has recommended it to many S. Milne Eva and Gabor Szekely John K. Mitchell Richard F. Tayler of her friends. “The seminar definitely provided Lois Mitchell Douglas A. Taylor information that has been useful to me in planning Carla Monk Tina Tehranchian my estate, and I think it is a valuable investment of Doris J. Moore Helen Tennyson Harold A. Morden Irmgard Theegarten time for others who want to find ways to support their Eleanor Morgan Frederick Tiley favourite charities and reduce taxes at the same time.” Brad Morris Joan Tilt Carol Morrison Mildred Trachtenberg If you would like to learn more, please contact Marlene Morriss-Taylor Jerry Trestik Genane Peniak at 416-946-2295. Miriam Mozes Gillian Tuffin June Murdoch Jackie Tuffin Freda Ariella Muscovitch Pat Nichols and Bob Tundermann Margaret and William Myers Belal Uddin Jill and Reed Nelson Joseph Vannot Charles T. Wilson William A. Wright Susan Newman Nancy J. Vivian Debra Wilson Donald A. Wylie Doris Noftall Lisa L. Weaver Norma and Sharon Wilson Morden S. Yolles Pamela and Donald North Sophie Weimert Robert Elliott and Paul Wilson Ginette Young Aimee M. O’Connor Vanessa Wellwood Mary Winter Chung-Fu Yu Manuel Oliveira Lawrence Wert Jonathan Wisebrod Robert & Lois Yuill Marie J. Overweel Hazel Westlake Gordon Wittrock Valentina Zatskoy Loper Marshal and Tina Partnoy Mary E. Whitaker Susan McLean Woodburn John Zeger John Patterson Clyde Shepard Whitham Donald and Janice Woodley Colleen Peacock Linda Whyte Betsy Wright
The Princess Margaret Cancer Foundation 41 Dr. Peter Pisters, University Health Network’s new CEO, looks ahead As part of University Health Network System at the University of Texas (UHN), The Princess Margaret MD Anderson Cancer Center in welcomed newly appointed UHN Houston, Texas. His guidance and President & CEO Dr. Peter Pisters at insight will help keep The Princess the beginning of 2015. Dr. Pisters was Margaret at the forefront of cancer Dr. Peter Pisters formerly Vice President, Regional Care research and cancer care.
Honour Roll
Dr. Robert Bristow Dr. John Dick Dr. David Hedley One of the top cancer research One of the top cancer research Fulwyler Award for Innovative discoveries of 2014 discoveries of 2014 Excellence Canadian Cancer Society Canadian Cancer Society International Society for Advancement of Cytometry (ISAC) Dr. Pamela Catton Dr. Brenda Gallie Dr. Jonathan Irish 2014 Margaret Hay Edwards Order of Canada Achievement Medal Vice-President (to serve as President American Association for Cancer Education Dr. Mary Gospodarowicz in 2018) Order of Canada American Head & Neck Society
Dr. Shaf Keshavjee Order of Canada
In memory of Dr. Pamela Catton Dr. Rama Khokha Dr. Pamela Catton was a leader at Robert L. Noble Prize Princess Margaret Cancer Centre— Canadian Cancer Society a radiation oncologist, an educator, a visionary and the Founding Director Dr. Barry Rosen of ELLICSR Health, Wellness & Cancer Presidential Medal Survivorship Centre. Sadly, she passed Gynecologic Oncology Society of Canada away in December of 2014 after her own fierce struggle with cancer, the Dr. Frances Shepherd disease that she spent her entire Claude Jacquillat Award career treating and researching. International Congress on Anti-Cancer A tribute event held just prior to her Treatment passing celebrated her trailblazing career as a skilled and compassionate Dr. Lillian Siu clinician who was also a driving force Fellow in innovations in education for both American Society of Clinical Oncology clinicians and cancer patients. Her legacy will continue through the many Dr. Ming Tsao programs which she launched and Mary Matthew Pathology Award through the many friends, colleagues International Association for the and patients who she influenced. Study of Lung Cancer
42 2015 Report to Our Donors Financials
March 31, 2015 The accompanying financial statements of The Princess Margaret Cancer Foundation were prepared by management in accordance with generally accepted accounting principles. Management is responsible for the integrity and objectivity of the financial statements and has established systems of internal control which are designed to provide reasonable assurance that assets are safeguarded from loss or unauthorized use and to produce reliable accounting records for the preparation of financial information. The Board of Directors is responsible for ensuring that management fulfills its responsibility for financial reporting and internal control. The Board exercises its responsibilities through the Investment Committee, composed of members of the Board, who meet regularly with representatives of management and with the external investment managers and consultants, to monitor the performance of the investment portfolio. The Audit and Risk Committee comprised of members of the Board and the community, meets regularly with management to monitor the financial activity of the Foundation together with the functioning of the accounting and control systems. This Committee also meets with management and the external auditors to review the results of the auditing activity. The external auditors have conducted an independent audit, in accordance with generally accepted standards, and have expressed their opinions on the financial statements. Their report outlines the nature of their audit and their opinion on the fairness of the financial statements of The Princess Margaret Cancer Foundation and the accounting principles followed in management’s preparation thereof.
Tom Ehrlich Paul Alofs Chair, Board of Directors President & CEO
Glenn Ives, FCA Asha Raheja, CMA Chair, Audit and Risk Committee Treasurer
The Princess Margaret Cancer Foundation 43 INDEPENDENT AUDITORS’ REPORT
To the Members of The Princess Margaret Cancer Foundation
REPORT ON THE FINANCIAL STATEMENTS
We have audited the accompanying financial statements of The Princess Margaret Cancer Foundation, which comprise the balance sheet as at March 31, 2015 and the statements of revenue, expenses and changes in fund balances and cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.
Management’s responsibility for the financial statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian accounting standards for not-for-profit organizations, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditors’ responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the financial statements present fairly, in all material respects, the financial position of The Princess Margaret Cancer Foundation as at March 31, 2015, and the results of its operations and its cash flows for the year then ended in accordance with Canadian accounting standards for not-for-profit organizations.
Toronto, Canada Chartered Accountants June 24, 2015. Licensed Public Accountants
44 Financials The Princess Margaret Cancer Foundation Incorporated under the laws of Canada
The Princess Margaret Cancer Foundation Incorporated under the laws of Canada
BALANCE SHEET
As at March 31
2015 2014 $ [000’s] $
ASSETS Cash and cash equivalents [note 3] 73,847 72,804 Due from University Health Network [note 13[f]] 5,100 7,500 Accounts receivable 1,336 2,794 Investments [note 4] 489,746 433,081 Other assets [note 5] 6,050 3,776 576,079 519,955
LIABILITIES AND FUND BALANCES Liabilities Due to University Health Network [note 13[f]] 42,676 35,013 Accounts payable and accrued liabilities 4,588 3,834 Deferred revenue [note 10[d]] 25,692 22,287 Total liabilities 72,956 61,134 Contingencies and commitments [notes 4[c] and 10[d]]
Fund balances General Fund 9,944 10,275 Restricted Fund [note 6] 247,181 306,199 Endowment Fund [note 7] 245,998 142,347 Total fund balances 503,123 458,821 576,079 519,955
See accompanying notes
On behalf of the Board:
Director Director
Financials: Balance Sheet 45
)
256 821 855 804 2014 $
(9, 33,153 63,022 94,917 80,825 62, 21,082 (41,940) (62,401) (14,092) ’ s] 125, 101,907 395,966 458, Total [000
7 2 — — $ 2015 48,029 70,899 40 94,3 78,11 44,30 23,754 ) 16,223 (47,145) (95,476) ) (10,122 8 139,77 1 101,87 458,821 503,123
2014 4,820 4,820 4,820 3,995 $ 12,045 16,865 16,865 ’ s] 121,487 142,347 [000
9 9 — — ( — — — — $ 2015 8,800 4,179 4,179 4,179 Endowment Fund 12,97 12,97 90,672 142,347 245,998 — — — — — — )
821 956 199 874 382 2014 5,259 $ (1,394) 63,022 56 78,2 91, 87, 29,425 21,082 66, 12 ,646 (41,940) (11, (62,396) ’ s] 264,128 306 , [000
) 9 65 89 89 7 335 581 4 507 $ Restricted Fund Restricted 2015 4,9 ) (1,559 70,899 80,84 95, 23,754 92, 68, (47,145) ) (12,268 (95,276) (59, 306,199 247,181
)
)
(5) — 570 565 275 710 410 ,641) 2014 9,131 9,131 $ (2, (8, 15,849 41 11,8 16, 16, 10,351 10 , (16 ’ s] [000
— — — — — $ General Fund General 563) , (200) 2015
9,312 5,357 9,944 5,357 ) (3,955 (8 40 34,2 31,034 30,834 10,275 31,165) (
] ] [a] 13 [b]
] [note
[note 13 [note ]
at at UHN [note 10[d] [note
[b] and and [c] [b]
]
8] revenue
[notes 1 0 [notes 10[d] ] [note [note
STATEMENT OF REVENUE, EXPENSES AND CHANGES IN FUND BALANCES
, including prizes [note [note
[note 1 1] [note [note 12 [note
expenses expenses revenue
end of year of end
expenses revenue
Princess Margaret Cancer Centre Princess of revenue over expenses forof over year the revenue expenses fundraising and lottery Direct lottery Direct fundraising Investment income
Excess of revenue over expenses before of grants over revenue Excess expenses General fundraising and administrative expenses transfers Interfund The Princess Margaret Cancer Foundation 31Year ended March fundraising Gross Gross lottery Net Grants to Excess Fund balances, notes accompanying See
Net lottery year of beginning balances, Fund Net fundraising The Princess Margaret Cancer Foundation
46 Financials: Statement of Revenue, Expenses and Changes in Fund Balances The Princess Margaret Cancer Foundation
STATEMENT OF CASH FLOWS
Year ended March 31
2015 2014 $ [000’s] $
OPERATING ACTIVITIES Excess of revenue over expenses for the year 44,302 62,855 Item not involving cash Unrealized gain on investments (22,295) (19,594) Changes in non-cash balances related to operations Accounts receivable 1,458 (1,952) Other assets (2,274) (154) Due to/from University Health Network 10,063 2,081 Accounts payable and accrued liabilities 754 703 Deferred revenue 3,405 63 Cash provided by operating activities 35,413 44,002
INVESTING ACTIVITIES Investment income reinvested (24,370) (13,838) Contributions to externally managed investments (10,000) (25,000) Cash used in investing activities (34,370) (38,838)
Net increase in cash and cash equivalents during the year 1,043 5,164 Cash and cash equivalents, beginning of year 72,804 67,640 Cash and cash equivalents, end of year 73,847 72,804
See accompanying notes
Financials: Statement of Cash Flows 47 The Princess Margaret Cancer Foundation
NOTES TO FINANCIAL STATEMENTS [in thousands]
March 31, 2015 1. PURPOSE OF THE ORGANIZATION
The Princess Margaret Cancer Foundation [the “Foundation”] is continued under the Canada Not-for-profit Corporations Act. The Foundation was established to solicit, receive and maintain funds and to apply these funds to improve and enhance cancer research, professional education and patient care activities provided by Princess Margaret Cancer Centre at UHN, which is part of the University Health Network [“UHN”].
The Foundation is a public foundation registered under the Income Tax Act (Canada) [the “Act”] and, as such, is exempt from income taxes and able to issue donation receipts for income tax purposes, under Registration Number 88900 7597 RR 0001. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
These financial statements are prepared in accordance with Part III of the Chartered Professional Accountants of Canada [“CPA Canada”] Handbook – Accounting, which sets out generally accepted accounting principles for not- for-profit organizations in Canada and includes the significant accounting policies summarized below. Fund accounting
In order to ensure observance of the limitations and restrictions placed on the use of resources available to the Foundation, the accounts of the Foundation are maintained in accordance with the principles of fund accounting. Accordingly, resources are classified for accounting and reporting purposes into funds. These funds are held in accordance with the objectives specified by the donors or in accordance with directives issued by the Board of Directors [the “Board”]. Transfers between the funds are made when it is considered appropriate and authorized by the Board. To meet these objectives of financial reporting and stewardship over assets, certain interfund transfers are necessary to ensure the appropriate allocation of assets and liabilities to the respective funds. These interfund transfers are recorded in the statement of revenue, expenses and changes in fund balances.
For financial reporting purposes, the accounts have been classified into the following funds:
[a] General Fund
The General Fund accounts for the Foundation’s general fundraising, granting and administrative activities. The General Fund reports unrestricted resources available for immediate purposes.
[b] Restricted Fund
The Restricted Fund includes those funds where resources are to be used for an identified purpose as specified by the donor, as stipulated by the fundraising appeal or as determined by the Board.
[c] Endowment Fund
The Endowment Fund includes those funds where either donor or internal restrictions require that the principal be invested by the Foundation permanently.
48 Financials: Notes to Financial Statements Financial Instruments Investments reported at fair value consist of equity instruments quoted in an active market as well as investments in pooled funds and any investments in fixed income securities and equities not quoted in an active market that the Foundation designates upon purchase to be measured at fair value. Transaction costs are recognized in the statement of revenue, expenses and changes in fund balances in the period during which they are incurred. Investments in fixed income securities and equities not quoted in an active market not designated to be measured at fair value are initially recorded at fair value plus transaction costs and are subsequently measured at cost or amortized cost using the straight-line method, less any provision for impairment. All transactions are recorded on a trade date basis. Derivative financial instruments are marked to market, with gains and losses recognized in the statement of revenue, expenses and changes in fund balances in the year in which the changes in market value occur. Other financial instruments, including accounts receivable and accounts payable, are recorded at fair value and are subsequently measured at cost, net of any provisions for impairment.
Foreign currency translation Revenue and expenses denominated in foreign currencies are translated into Canadian dollars at the transaction date. Investments and other monetary items denominated in foreign currencies are translated at the year-end rate. Translation gains and losses are included in the statement of revenue, expenses and changes in fund balances. Revenue recognition The Foundation follows the restricted fund method of accounting for contributions, which include bequests and other donations. Bequests are recorded when received or receivable if the amount to be received can be reasonably estimated and collection is reasonably assured. Other donations are recorded when received since pledges are not legally enforceable claims. Unrestricted contributions are recognized as revenue in the General Fund when initially recorded in the accounts. Externally restricted contributions, except endowment contributions, are recognized as revenue in the Restricted Fund when initially recorded in the accounts. Externally restricted endowment contributions are recognized as revenue in the Endowment Fund when initially recorded in the accounts. Investment income (loss) consists of interest, dividends, income distributions from pooled funds, and realized and unrealized gains and losses. Investment income earned on the Endowment Fund or Restricted Fund resources that must be spent on donor-restricted activities is recognized as revenue of the Restricted Fund. Investment income subject to donor restrictions stipulating that it be added to the endowment is recognized as revenue of the Endowment Fund. Unrestricted investment income earned on Endowment Fund, Restricted Fund and General Fund resources is recognized as revenue of the General Fund. Investment losses are allocated in a manner consistent with investment income. Lottery revenue is recognized in the fiscal year in which the final draw takes place. Revenue in connection with events, other than donations, is recorded when earned. Donations received related to an event are recorded consistent with the recognition of donation revenue.
Grant recognition Grants are recognized when approved and the recipient has met all conditions.
Contributed goods and services Contributed capital assets that are transferred to UHN are recognized at their fair market value in the financial statements. Other contributed goods and services are not recognized.
Allocation of expenses Direct fundraising and lottery expenses represent expenses and costs of any personnel that are directly related to these activities. No costs of personnel in general fundraising or other general fundraising and administrative expenses are included in these balances. General fundraising and administrative expenses are allocated to the Restricted Fund as a percentage of net revenue on special events and a fixed amount determined by the Board for strategic events.
Financials: Notes to Financial Statements 49 Cash and cash equivalents Cash and cash equivalents consist of cash deposits and short-term investments with an original term to maturity less than 90 days or able to be cashed on demand. Cash and investments meeting the definition of cash and cash equivalents that are held for investing rather than liquidity purposes are classified as investments.
CapitalThe assetsPrincess Margaret Cancer Foundation
Purchased capital assets are recorded at cost. Donated capital assets are recorded at fair value at the date of contribution. Amortization is providedNOTES on a straight-line TO FINANCIAL basis over the estimatedSTATEMENTS useful lives of the assets as follows: [in thousands] Office equipment 10 years Computer hardware 3 years
3. CASHMarch AND31, 2015 CASH EQUIVALENTS
Cash and cash equivalents consist primarily of amounts held for the General and Restricted Funds and net funds received in advance related to lotteries and events to be held during the next fiscal year.
4. INVESTMENTS4. INVESTMENTS
[a] [a] Investments,Investments, allall of of which which are are recorded recorded at atfair fair value, value, consist consist of the of following:the following:
2015 2014 $ $
Equities Canadian 54,794 15,596 US and other foreign 93,710 89,525 148,504 105,121 Cash 12,830 15,306 Short-term investments 7,320 19,368 Bonds 269,272 254,903 Alternative investments -Hedge funds 39,329 28,093 -Private capital pooled funds 21,399 12,746 Forward foreign exchange contracts [note 4[d]] (8,908) (2,456) 489,746 433,081
The amounts invested in traditional pooled funds have been allocated among the asset classes, based on the asset classes held by the pooled funds.
[b] Investments are managed as two pools:
[b] Investments• Investments are managed related to as the two Endowment pools: Fund are invested as follows: equities – 67% [2014 – 71%], cash and short-term investments – 8% [2014 – 4%], bonds – 2% [2014 – • Investments1%], and related alternative to the investments Endowment – 23 Fund% [2014 are invested– 24%]. as follows: equities – 67% [2014 – 71%], cash and short-term• Investments investments related –to 8% the [2014 General – 4%],and Restricted bonds – 2% Funds [2014 are – invested 1%], and as alternative follows: bonds investments – – 23% [2014 – 24%].82% [2014 – 88%], equities – 12% [2014 – 1%], alternative investments – 4% [2014 – • Investments5%], and related cash and to shortthe General-term investments and Restricted – 2% Funds[2014 –are 6%]. invested as follows: bonds – 82% [2014 – 88%], equities – 12% [2014 – 1%], alternative investments – 4% [2014 – 5%], and cash and short-term investments [c] –The 2% Foundation[2014 – 6%]. has outstanding commitments to invest $26,588 [2014 – $11,008] in private capital over the next three to five years. [c] The Foundation has outstanding commitments to invest $26,588 [2014 – $11,008] in private capital over the next three to five years.
5 50 Financials: Notes to Financial Statements The Princess Margaret Cancer Foundation The Princess Margaret Cancer Foundation
NOTES TO FINANCIAL STATEMENTS NOTES TO FINANCIAL[in thousands] STATEMENTS [in thousands]
March 31, 2015 March 31, 2015
[d] In orderIn order to manage to manage foreign foreign currency currency exposure, exposure, the Foundation the Foundation has entered has entered into a forward into a forward foreign exchange contract with a US bank maturing on April 2, 2015: sale of US$88,300 at an exchange rate of 1.1656. The [d] foreignIn order exchange to manage contract foreign with currency a US bank exposure, maturing the onFoundation April 2, 201 has5: entered sale of into US$ a88 forward,300 at an exchangefair market rate value of 1.1656. of this The contract fair market as at valueMarch of 31, this 2015 contract is a asloss at Marchof $8,908 31, 2015[2014 is –a $2,456] which is included foreignin investments exchange contract on the with balance a US sheet bank [notematuring 4[a]]. on April 2, 2015: sale of US$88,300 at lossan exchange of $8,908 rate [201 of 41.1656. – $2,456 The] which fair market is included value in of investments this contract on as the at Marchbalance 31, sheet 2015 [note is a 4[a]]loss of. $8,908 [2014 – $2,456] which is included in investments on the balance sheet [note 4[a]]. 5. OTHER ASSETS 5. OTHER ASSETS Other assets consist of the following: Other assets consist of the following: 2015 2014 2015$ 2014 $ $ $ Prepaid expenses related to future events PrepaidWeekend expenses to End related Women to ’fsuture Cancers events [note 10[b]] 164 78 WeekendRide to Conquer to End CancerWomen [note’s Cancers 10[c]] [note 10[b]] 164264 27478 RideOther to Conquer Cancer [note 10[c]] 112264 121274 PrepaidOther expenses related to future lotteries [note 10[d]] 5,510112 3,291121 OtherPrepaid expenses related to future lotteries [note 10[d]] 5,510— 3,29112 Other 6,050— 3,77612 6,050 3,776 6 . RESTRICTED FUND 6. RESTRICTED FUND 6.The RESTRICTED Restricted Fund consistsFUND of funds available for spending for priorities in progress at Princess MargaretThe Restricted Cancer Fund Centre consists at UHNof funds that available are restricted for spending by donors for priorities or the Board in progress for the at following Princess Thepurposes: Restricted Fund consists of funds available for spending for priorities in progress at Princess Margaret Cancer CentreMargaret at CancerUHN that Centre are restrictedat UHN that by donors are restricted or the Board by donors for the or thefollowing Board forpurposes: the following purposes: 2015 2014 2015$ 2014 $ $ $ Donor-restricted balances RestrictedDonor-restricted for research, balances patient care and other purposes 221,330 254,586 Restricted for research, patient care and other purposes 221,330 254,586 Internally imposed restrictions RestrictedInternally forimposed research, restrictions patient care and other purposes 25,851 26,613 SpecialRestricted reserve for research, patient care and other purposes 25,8—51 26,61325,000 Special reserve 25,851— 525,0001,613 247,25,181851 306,19951,613 247,181 306,199
6
During the year, the Board approved transfers from the General Fund to the Restricted Fund6 and from the Restricted Fund to the Endowment Fund to set aside funds for various purposes [note 12].
7. ENDOWMENT FUND The Endowment Fund consists of externally restricted contributions received by the Foundation where the endowment principal is required to be invested by the Foundation permanently. The Endowment Fund also includes internal resources transferred by the Board to the Endowment Fund, with the intention that the principal be maintained intact, and may be drawn down to fund operating activities and grants as required. The investment income generated from assets held for endowment purposes must be used in accordance with the various purposes established by the donors or the Board.
Financials: Notes to Financial Statements 51 The Princess Margaret Cancer Foundation
NOTES TO FINANCIAL STATEMENTS [in thousands]
March 31, 2015
During the year, the Board approved transfers from the General Fund to the Restricted Fund and from the Restricted Fund to the Endowment Fund to set aside funds for various purposes [note 12].
7. ENDOWMENT FUND
The Endowment Fund consists of externally restricted contributions received by the Foundation where the endowment principal is required to be invested by the Foundation permanently. T he Endowment Fund also includes internal resources transferred by the Board to the Endowment Fund, with the intention that the principal be maintained intact, and may be drawn down to fund operating activities and grants as required. The investment income generated from assets held for endowment purposes must be used in accordance with the various purposes established by the donors or the Board.
Major categories of restrictions on fund balances are as follows: Major categories of restrictions on fund balances are as follows: 2015 2014 $ $
Externally imposed endowments Endowments, the income from which must be used for The research Princess, patient Margaret care and other Cancer purposes Foundation 132,614 117,506
Internally imposed endowments approved by the Board NOTES TO FINANCIAL STATEMENTS Funds restricted for research, patient care and[in thousands] other purposes 72,172 12,520 Unrestricted funds 41,212 12,321 113,384 24,841 245,998 142,347 March 31, 2015 During During thethe year,year, the the Board Board approved approved transfers transfers from from the Restricted the Restricted Fund toFund the Endowmentto the Endowment Fund to Fund to set aside funds
forset variousaside funds purposes for various [note purposes 12]. [note 12].
8. GROSS FUNDRAISING REVENUE
Gross fundraising revenue consists of the following:
General Fund Restricted Fund Endowment Fund 2015 2014 2015 2014 2015 2014 $ $ $ $ $ $ 7 Annual programs [note 13[e]] 4,261 4,203 15,105 12,245 210 1,108 Major gifts and bequests [note 13[e]] 5,051 5,426 32,578 28,437 3,969 3,712 Weekend to End Women’s Cancers [note 10[b]] — — 7,214 8,404 — — Ride to Conquer Cancer [note 10[c]] — — 20,174 20,197 — — Other [note 13[d]] — 2,212 5,778 8,973 — — 9,312 11,841 80,849 78,256 4,179 4,820
9The. ROYALTIES Princess Margaret Cancer Foundation 9. ROYALTIES
The FoundationFoundation has has licensed licensed the the Ride Ride to Conquer to Conquer Cancer Cancer to other to cancerother cancer charities charities across Canada across Canada to support their to support their fundraising efforts. During fiscal 2015, the Ride to Conquer Cancer raised $41,826 fundraising efforts.NOTES During fiscal TO 2015, FINANCIAL the Ride to Conquer STATEMENTS Cancer raised $41,826 [2014 – $44,731] gross revenue [2014 – $44,731] gross revenue nationally,[in including thousands] the Toronto event revenue. The licensing of thenationally, event to otherincluding charities the hasToronto resulted event in $ 910revenue. [2014 The– $1,104 licensing] of royalty of the revenue, event to to otherbe used charities for has resulted in $910 collaborative[2014 – $1,104] research of royalty projects, revenue, which to has be used been for included collaborative in the research Ride to projects, Conquer which Cancer has been included in the Ride to Conquer Cancer fundraising revenue [note 10[b]]. fundraising revenue [note 10[b]]. March 31, 2015 10. EVENTS AND LOTTERIES 10. EVENTS AND LOTTERIES
[a] During the years ended March 31, 2015 and 2014, the Foundation held several events and lotteries, the details [a] During the years ended March 31, 2015 and 2014, the Foundation held several events and lotteriof whiches, the are details set out of below. which Generally are set out accepted below. accounting Generally accepted principles accounting require that principles certain revenues and expenses related to these events and lotteries be recorded in a different year from when the event or lottery is held. [b] requireThe Foundation that certain held revenues a fundraising and expenses event, related the Weekendto these events to End and Women lotteries’s be Cancers. recorded The in [b] aThe financialdifferent Foundation resultsyear from ofheld the when aevent fundraising the are event as followsor event,lottery: theis held. Weekend to End Women’s Cancers. The financial results of the event are as follows: 2015 2014 $ $
Gross revenue [note 8] 7,214 8,404 Direct expenses 2,650 3,157 Net revenue 4,564 5,247
[c] The Foundation held a fundraising event, the Ride to Conquer Cancer. The financial results8 of the event are as follows: 52 Financials: Notes to Financial Statements 2015 2014 $ $
Gross revenue [notes 8 and 9] 20,174 20,197 Direct expenses 6,460 6,235 Net revenue 13,714 13,962
[d] During the year ended March 31, 2015, the Foundation held six [2014 – four] lotteries. The financial results of the lotteries are as follows:
2015 2014 $ $
Gross revenue 70,899 63,022 Direct expenses, including prizes [note 13[g]] 47,145 41,940 Net revenue 23,754 21,082
9 The Princess Margaret Cancer Foundation
The Princess Margaret Cancer Foundation
NOTES TO FINANCIAL STATEMENTS NOTES TO FINANCIAL[in thousands] STATEMENTS [in thousands]
March 31, 2015
March 31, 2015
[b] The Foundation held a fundraising event, the Weekend to End Women’s Cancers. The financial results of the event are as follows: [b] The Foundation held a fundraising event, the Weekend to End Women’s Cancers. The financial results of the event are as follows: 2015 2014 $ $ 2015 2014 $ $ Gross revenue [note 8] 7,214 8,404 Direct expenses 2,650 3,157 Gross revenue 7,214 8,404 Net revenue [note 8] 4,564 5,247 Direct expenses 2,650 3,157 Net revenue 4,564 5,247 [c] The Foundation held a fundraising event, the Ride to Conquer Cancer. The financial results [c] Theof the Foundation event are as held follows a fundraising: event, the Ride to Conquer Cancer. The financial results of the event are as [c] follows: The Foundation held a fundraising event, the Ride to Conquer Cancer. The financial results of the event are as follows: 2015 2014 $ $ 2015 2014 $ $ Gross revenue [notes 8 and 9] 20,174 20,197 Direct expenses 6,460 6,235 Gross revenue [notes 8 and 9] 20,174 20,197 TheNet Princess revenue Margaret Cancer Foundation 13,714 13,962 Direct expenses 6,460 6,235 Net revenue 13,714 13,962 [d] During the year ended March 31, 2015, the Foundation held six [2014 – four] lotteries. The financial resultsNOTES of the lotteries TO areFINANCIAL as follows: STATEMENTS [d][d] DuringDuring the year ended MarchMarch 31, 31, 201 2015,[in5, thousands]the the Foundation Foundation held held six six [2014 [2014 – four – four]] lotteries. lotteries. The The financial results of the lotteries are as follows: financial results of the lotteries are as follows: 2015 2014 $ $ 2015 2014 $ $ MarchGross 31, 2015revenue 70,899 63,022 Direct expenses, including prizes [note 13[g]] 47,145 41,940 Gross revenue 70,899 63,022 Net revenue 23,754 21,082 Direct expenses, including prizes [note 13[g]] 47,145 41,940
Net revenue 23,754 21,082
Prior to March 31, 2015, the Foundation committed to carrying out the spring 2015 Princess Margaret Cancer Centre Home Lottery [the “Home Lottery”] and 50/50 Add-on, Priorwhich to March were 31, held 2015, in May the Foundation2015, and the committed Princess Margaret to carrying Cancer out theCentre spring Cash 2015 Calendar Princess [the Margaret Cancer Centre Home“Calendar Lottery Lottery[the “Home”], which Lottery”] is being and held 50/50 in the Add-on,month of whichJune. As were at March held in31, May 201 52015,, revenue and the Princess Margaret Cancerof $Centre25,052 Cash[2014 Calendar – $21,649 [the] received “Calendar during Lottery”], the year ended which March is being 31, held2015 inassociated the month with of June. As at March 31, 2015,these revenue lotteries of $25,052has been [2014deferred – and$21,649] recorded received as deferred during revenue the year on the ended balance March sheet. 31, Total 2015 associated with these lotteriesexpenses has been of $ 10,93deferred5 [2014 and –recorded $8,071] aswere deferred incurred revenue with respect on the to balance these lotteries, sheet. Total of which expenses of $10,935 [2014 – $8,071]$5,425 were [2014 incurred – $4,780 with] hasrespect been toincluded these lotteries, in direct of expenses which $5,425in the statement[2014 – $4,780] of revenue, has been included in direct expensesexpenses in the and statement changes inof fund revenue, balances expenses and $5,5 and10 [2014changes – $ in3,291 fund] has balances been included and $5,510 in other [2014 – $3,291] has been includedassets in o othern the balanceassets on sheet the [note balance 5]. sheet [note 5]. 9 The FoundationThe Foundation has hasthree three standby standby letters letter sof of credit credit obtained obtained in connection withwith the the Home Home,9, 50/50 and Calendar Lotteries.50/50 Two and Calendarletters of Lotteries credit totalling. Two letters $12,635 of creditexpire total on lJulying $12,635 6, 2015 expireand one on letterJuly 6,of 2015 credit for $1,000 expires on Augustand 14, one 2015. letter of credit for $1,000 expires on August 14, 2015.
11.11 .INVESTMENT INVESTMENT INCOME INCOME
[a][a] InvestmentInvestment incomeincome earned earned on on the the Foundation Foundation’s’s assets assets consists consists of the of following: the following:
2015 2014 $ $
Interest and dividends 15,584 12,783 Realized gains 10,861 1,392 Net change in unrealized gain on investments 22,295 19,594 48,740 33,769 Less investment management and custodial fees 711 616 48,029 33,153
[b] Investment income is allocated among the funds based on the Foundation’s capital [b] Investmentpreservation income and investment is allocated return among policies the. The funds preservation based on ofthe capital Foundation’s is recorded capital as revenue preservation and investment returnof the policies. Endowment The Fundpreservation for externally of capital endowed is recorded funds. as For revenue internally of the endowed Endowment funds, Fund the for externally endowed funds.preservation For internally of capital endowed is recorded funds, as the income preservation of the General of capital Fund is recorded and transferred as income to the of the General Fund and transferredEndowment to Fund the Endowmentin the statement Fund of revenue,in the statement expenses ofand revenue, changes expenses in fund balances. and changes In any in fund balances. In any year,year, should should net net investment investment income income not not be be sufficient sufficient to tofund fund the theamount amount required required for spending, for the amount that isspending, to be made the amountavailable that for is spending to be made is fundedavailable by for a transferspending from is funded the Endowment by a transfer Fund. from the Endowment Fund. Currently, the income available for spending is set at 3.5% [2014 – 3.5%] of the market value of the Endowment Fund balances. An additional 1% is recorded in the General Fund to cover administrative costs.
10
Financials: Notes to Financial Statements 53 The Princess Margaret Cancer Foundation
NOTES TO FINANCIAL STATEMENTS [in thousands]
March 31, 2015
Currently, the income available for spending is set at 3.5% [2014 – 3.5%] of the market value of the Endowment Fund balances. An additional 1% is recorded in the General Fund to cover administrative costs.
Investment income recorded in the Restricted Fund represents income earned on endowments where the donor has stipulated that the income must be used for restricted purposes or where Investmentthere are agreements income recordedrequiring inincome the Restricted to be allocated Fund to represents restricted funds. income earned on endowments where the donor has stipulated that the income must be used for restricted purposes or where there are agreements requiring [c] incomeGains and to belosses allocated arising to from restricted the sale funds. of donated investments that fund specific endowed or restricted funds are recorded in these funds. [c] Gains and losses arising from the sale of donated investments that fund specific endowed or restricted funds are [d] recordedIn 2015, in investment these funds. income earned on investments held for endowments totalled $16,600 [2014 – $20,152], of which $10,600 [2014 – $14,694] was allocated for the preservation of [d] Incapital. 2015, Ofinvestment this amount, income $8,800 earned [2014 on – investments $12,045] related held tofor externally endowments endowed totalled funds $16,600 was [2014 – $20,152], of whichrecorded $10,600 as investment [2014 income– $14,694] of the was Endowment allocated Fund. for theCapital preservation preservation of ofcapital. $1,800 Of [2014 this amount, $8,800 [2014 – –$12,045] $2,649] related related to toBoard externally endowed endowed funds was funds recorded was asrecorded investment as investmentincome of the income General of the Endowment Fund. CapitalFund and preservation then transferred of $1,800 to the Endowment[2014 – $2,649] Fund. related In 2015 to, the Board amount endowed made available funds was for recorded as investment incomespending of of the $ 3,869General [2014 Fund – $3,479and then] related transferred to externally to the Endowment endowed funds Fund. was In recorded 2015, the as amount made available forincome spending of the of Rest $3,869ricted [2014 Fund. – The$3,479] amount related of $ 797to externally [2014 – $766endowed] made funds available was recorded for as income of the Restrictedspending relatedFund. The to internally amount of endowed $797 [2014 funds – was $766] recorded made available as investment for spending income ofrelated the to internally endowed fundsGeneral was Fund recorded and then as investment transferred income to the Restricted of the General Fund. AnFund amount and then of $transferred1,334 [2014 to – the Restricted Fund. An amount$1,213] ofwas $1,334 included [2014 in General – $1,213] Fund was investment included income in General related Fund to the investment funds made income available related to the funds made availableto cover administrative to cover administrative costs. costs.
12.12 .INTERFUND INTERFUND TRANSFERS TRANSFERS The Princess Margaret Cancer Foundation Transfers Transfers betweenbetween fundsfunds consist consist of of the the following: following:
Endowment NOTES TO FINANCIAL General Fund STATEMENTS Restricted Fund Fund 2015[in thousands] 2014 2015 2014 2015 2014 $ $ $ $ $ $
Board and donor approved Marchre: fund 31, 2015restrictions (28,568) (13,226) (60,304) 11,880 88,872 1,346 Allocation of investment income in accordance with Board policy [note 11[d]] (2,597) (3,415) 7 97 766 1,800 2,649 (31,165) (16,641) (59,507) 12,646 90,672 3,995
The transfers relate to internally imposed restrictions approved by the Board and changes in the Thedesignation transfers of relatefunds toas directedinternally by imposed donors. restrictions approved by the Board and changes in the designation of funds as directed by donors. 11 13. RELATED PARTY TRANSACTIONS 13. RELATED PARTY TRANSACTIONS [a] During the year, the Foundation funded the following projects carried out at Princess [a] DuringMargaret the Cancer year, theCentre Foundation at UHN :funded the following projects carried out at Princess Margaret Cancer Centre at UHN:
General Fund Restricted Fund Endowment Fund 2015 2014 2015 2014 2015 2014 $ $ $ $ $ $
Equipment — — 8,395 3,002 — — Research, education and patient care 200 5 74,958 52,186 — — Construction of centres within the hospital — — 11,923 7,208 — — 200 5 95,276 62,396 — —
[b] UHN provides certain services to the Foundation and pays some expenses on behalf of the [b] UHNFoundation. provides The certain Foundation services reimburses to the Foundation UHN for all and direct pays costs some associated expenses with on servicesbehalf of the Foundation. The providedFoundation and reimbursesexpenses paid. UHN Administrative for all direct expenses costs include associated a charge with of $50services [2014 –provided $25] and expenses paid. Administrativepaid to UHN for expensesoffice space include, service a chargefees and of use $50 of [2014 furniture – $25] and equipmentpaid to UHN. for office space, service fees and use of furniture and equipment. [c] The Foundation reimburses UHN for salaries and benefits of $9,407 [2014 – $9,142] [c] The Foundation reimburses UHN for salaries and benefits of $9,407 [2014 – $9,142] associated with UHN staff associated with UHN staff working at the Foundation. working at the Foundation. [d] During the year ended March 31, 2015, UHN transferred $5,778 [2014 – $8,973] to the Foundation that is recorded as gross fundraising revenue in the Restricted Fund.
54 Financials: Notes to Financial Statements [e] Gross fundraising revenue includes $1,005 [2014 – $388] received from affiliated foundations, of which $917 [2014 – $200] has been included in major gifts and bequests and $88 [2014 – $188] has been included in annual programs. These donations, which were received by the affiliated foundations, were directed by the donors to the Foundation.
[f] Amounts due to/from UHN are non-interest bearing and due on demand.
12 The Princess Margaret Cancer Foundation
NOTES TO FINANCIAL STATEMENTS [in thousands]
March 31, 2015
[d] During the year ended March 31, 2015, UHN transferred $5,778 [2014 – $8,973] to the Foundation that is recorded as gross fundraising revenue in the Restricted Fund. [e] Gross fundraising revenue includes $1,005 [2014 – $388] received from affiliated foundations, of which $917 [g] The Board of Directors of the Foundation includes one member affiliated with a professional [2014 – $200] has been included in major gifts and bequests and $88 [2014 – $188] has been included in annual services firm that was retained by Foundation management, pursuant to a request for proposal programs.process, These to perform donations, administration which were services received for the by lottery the .affiliated Total fees foundations, included in the were statement directed by the donors to the Foundation.of revenue, expenses and changes in fund balances for fiscal 2015 were $1,821 [2014 – [f] Amounts$1,473 due]. to/from UHN are non-interest bearing and due on demand.
[g] 14.The BoardUNIVERSITY of Directors OF of theTORONTO Foundation GRADUATEincludes one member STUDENT affiliated with a professional services firm that was retainedENDOWMENT by FoundationS management, pursuant to a request for proposal process, to perform administration services for the lottery. Total fees included in the statement of revenue, expenses and changes in fund balances forDuring fiscal 1997, 2015 the were Foundation $1,821 [2014 negotiated – $1,473]. an agreement in which a grant of $3,300 from the Foundation to the University of Toronto [the “University”] was matched equally by the 14. UNIVERSITYUniversity and the OF Ontario TORONTO Government GRADUATE through the STUDENT Ontario Student ENDOWMENTS Opportunity Trust Fund. DuringThis 1997, established the Foundation a $9,900 negotiated endowment an to agreement be held by in which the University a grant of for $3,300 the benefit from the of graduateFoundation to the University of Torontostudents [the studying “University”] with University was facultymatched m embersequally located by the at University Princess Margaret and the Cancer Ontario Centre Government at through the UHN facilities and engaged in cancer research. Ontario Student Opportunity Trust Fund. This established a $9,900 endowment to be held by the University for the benefitDuring of graduate 2014, thestudents Foundation studying negotiated with University an agreement faculty in members which a grantlocated of at $150 Princess f rom Margaretthe Cancer Centre at UHNFoundation facilities to and the engaged University in wascancer matched research. equally by the University. This established a $300 Duringendowment 2014, the to Foundation be held by negotiated the University an agreement for the benefit in which of PHD a grant students of $150 in thefrom Department the Foundation of to the University Medical Biophysics in the Faculty of Medicine, located at Princess Margaret Cancer Centre at was matched equally by the University. This established a $300 endowment to be held by the University for the UHN. benefit of PHD students in the Department of Medical Biophysics in the Faculty of Medicine, located at Princess
MargaretThe following Cancer Centre financial at resultsUHN. for the year ended April 30, 2015 were reported by the University The followingto the Foundation: financial results for the year ended April 30, 2015 were reported by the University to the Foundation:
Endowment Expendable Fund Fund $ $
Balance, at market value, April 30, 2014 11,904 1,244 Investment gain 1,795 — Transfer to Expendable Fund (495) 495 Student awards — (418) Balance, at market value, April 30, 2015 13,204 1,321
15. FINANCIAL INSTRUMENTS The Foundation is exposed to various financial risks through transactions in financial instruments. Currency risk The Foundation is exposed to foreign currency risk with respect to its investments denominated in foreign currencies, 13 including the underlying investments of its pooled funds denominated in foreign currencies, because the fair value and future cash flows will fluctuate due to the changes in the relative value of foreign currencies against the Canadian dollar. Credit risk The Foundation is exposed to credit risk in connection with its short-term and fixed income investments because of the risk that one party to the financial instrument may cause a financial loss for the other party by failing to discharge an obligation. Interest rate risk The Foundation is exposed to interest rate risk with respect to its investments in fixed income investments and a pooled fund that holds fixed income securities because the fair value will fluctuate due to changes in market interest rates. Other price risk The Foundation is exposed to other price risk through changes in market prices [other than changes arising from interest rate or currency risks] in connection with its investments in equity securities and pooled funds.
Financials: Notes to Financial Statements 55 Financial Summary – Fiscal 2015 The Princess Margaret Cancer Foundation is passionate about impact, efficient fundraising, and effective stewardship, so that our collective vision to Conquer Cancer In Our Lifetime can be achieved.
Fulfilling our Mission Our mission is to raise and steward funds to deliver breakthrough research, exemplary teaching, and compassionate care at the Princess Margaret Cancer Centre, one of the top 5 cancer research centres in the world.
Based on reported gross fundraising revenue and lottery revenue ($165 million): Year-over-year highlights ■ Lotteries 43% ■ Net fundraising and lottery revenue ($ millions) Major Gifts and Bequests 25% ■ Strategic Events 17% 120 ■ $101.9 Annual Programs 12% ■ million Other 3% 60
Grants spent this year by Princess Margaret Cancer Centre ($95.5 million): 0 2010 2011 2012 2013 2014 2015 ■ Research, Education, 79% Patient Care General fundraising and administrative expenses ■ Building 12% 2010 2011 2012 2013 2014 2015 ■ Equipment 9% 9.6% 9.9% 10.0% 10.4% 9.6% 9.9%
The PMCF is best-in-class relative to our peers across the country. Beyond funds granted this year ($95.5 million), the Foundation has multi-year research and clinical commitments in progress at Princess Margaret Cancer Centre.
Distinct revenue streams Gross revenue (excluding investment income) of $165 million disclosed in the CRA T3010 form is composed of two distinct revenue streams: fundraising revenue and lottery revenue. Cost ratios associated with these streams are treated differently by the CRA.
Fundraising revenue Lottery revenue
94.3 million gross fundraising revenue % $16.2 million fundraising expenses 17.2 gross lottery revenue $70.9 million
36.9% lottery prizes $26.1 million $78.1 million net fundraising revenue 82.8% 29.6% marketing and other expenses $21.0 million
33.5% net lottery revenue $23.8 million
Direct fundraising expenses include costs for logistics, The PMCF lottery net revenue return of 33.5% compares favourably marketing, and other costs directly related to strategic to the industry average return of 24.7% based on the three largest events and annual programs. charitable lotteries in Canada. The PMCF lottery cost ratio of 66.5% is substantially lower than CRA acceptable guidelines (70%+).
Fundraising efficiency measure The PMCF raised $1.4 million per full-time employee, making it one of the most efficient and effective charities in Canada.
= $1.4 million = $101.9 million net revenue net revenue
56 2015 Report to Our Donors 5-Year Financial Summary Each year, The Princess Margaret Cancer Foundation reports on the funds it raises and stewards in two ways: via Audited Financial Statements (AFS) included in this report or online at www.thepmcf.ca, and via the standard CRA T3010 form required of all not-for-profit organizations and found on the CRA website at www.cra-arc.gc.ca. While both formats utilize the same financial information, the Foundation’s AFS provides a more detailed look to better assess and control our financial performance.
Statement of Revenue, Expenses and Changes in Fund Balances ($ Thousands)
Notes Year ended March 31 2011 2012 2013 2014 2015 1 Direct fundraising Gross fundraising revenue 75,368 80,146 85,911 94,917 94,340 expenses represent 1 Direct fundraising expenses (13,274) (14,853) (16,799) (14,092) (16,223) costs for logistics, Net fundraising revenue 62,094 65,293 69,112 80,825 78,117 marketing and other expenses directly Direct fundraising expenses/Gross fundraising revenue 17.6% 18.5% 19.6% 14.9% 17.2% related to fundraising activities including Gross lottery revenue 52,210 56,778 58,193 63,022 70,899 those for our major Direct lottery expenses (37,060) (39,549) (38,823) (41,940) (47,145) events such as the Enbridge Ride to Net lottery revenue 15,150 17,229 19,370 21,082 23,754 Conquer Cancer, Shoppers Drug Mart Direct lottery expenses/Gross lottery revenue 71.0% 69.7% 66.7% 66.5% 66.5% Weekend to End Women’s Cancers Net fundraising and lottery revenue 77,244 82,522 88,482 101,907 101,871 and our Direct Marketing programs. Investment income (loss) 22,790 13,940 33,010 33,153 48,029 2 general fundraising Net revenue, including investment income 100,034 96,462 121,492 135,060 149,900 and administrative expenses are the General fundraising and administrative expenses2 7,670 8,233 9,167 9,804 10,122 overhead costs associated with General fundraising and administrative expenses / 9.9% 10.0% 10.4% 9.6% 9.9% running the Net fundraising and lottery revenue Foundation (excluding investment income (loss)) operations. Excess of revenue over expenses before grants 92,364 88,229 112,325 125,256 139,778 Grants to Ontario Cancer Institute/ Princess Margaret Cancer Centre Building 2,830 7,030 4,913 7,208 11,923 Research, education and patient care 49,002 51,832 57,866 52,191 75,158 Equipment 2,490 4,622 2,000 3,002 8,395 54,322 63,484 64,779 62,401 95,476
Excess of revenue over expenses and grants 38,042 24,745 47,546 62,855 44,302 Fund Balances Endowments 117,701 111,414 121,487 142,347 245,998 Restricted 194,788 226,974 264,128 306,199 247,181 Unrestricted 10,135 10,032 10,351 10,275 9,944 322,624 348,420 395,966 458,821 503,123
Held by University of Toronto 11,085 10,983 11,716 13,148 14,525
Total Capital 333,709 359,403 407,682 471,969 517,648
The Princess Margaret Cancer Foundation 57 Board of Directors April 1, 2014 to March 31, 2015
The Princess Margaret Cancer Foundation is fortunate to have the support and counsel of a very active and accomplished volunteer Board of Directors. Collectively, they represent a tremendous breadth of expertise and each individual has reached a senior level of responsibility in their field. They share our passion for conquering cancer in our lifetime, and we are extremely grateful for their time and efforts.
Tom Ehrlich – Chair Dr. Julian Adams Stephen Bear Dr. Robert Bell Sean Boyd President PRESIDENT Director Emeritus President & CEO Vice-Chairman, President & CEO Tanurb Developments Infinity Pharmaceuticals McKinsey & Company University Health Inc. PMCF Committees: Network (former) Agnico Eagle PMCF Committees: Audit and Risk; PMCF Committees: PMCF Committees: Audit and Risk, Governance; Granting, Human Resources and Audit and Risk Governance; Granting, Stewardship and Impact Compensation Stewardship and Impact (Chair as of September (Chair to September 2014), 2014); Human Resources Human Resources and and Compensation; Compensation; Investment Investment
Marianne Harris Glenn Ives Justine Jackson Chris Jordan Maureen Shaughnessy Corporate Director Chair EXECUTIVE VICE CEO / Marketing Kitts PRESIDENT & CFO Executive Principal Serves on the boards of: Deloitte Investment Industry PMCF Committees: University Health PMCF Committees: Shaughnessy Kitts Lottery Regulatory Organization Audit and Risk (Chair); Network Communications Human Resources and of Canada, Sun Life PMCF Committees: PMCF Committees: Financial, Agrium Inc. Compensation Granting, Stewardship Governance; Granting, PMCF Committees: and Impact; Investment Stewardship and Impact; Investment (Chair) Lottery
Dr. Peter Pisters Wendy C. Posluns Bill Richardson Larry Rosen David Shaw PRESIDENT & CEO Barrister & Solicitor SENIOR PARTNER Chairman & CEO Founder and CEO University Health PMCF Committees: Baker & McKenzie Harry Rosen Inc. Knightsbridge Network Governance (Chair); LLP Human Capital Granting, Stewardship and PMCF Committees: PMCF Committees: PMCF Committees: Audit and Risk PMCF Committees: Human Resources and Impact Governance Governance; Human Compensation Resources and Compensation (Chair as of September 2014) 58 2015 Report to Our Donors Marnie Escaf Jack Fleischmann Janice Fukakusa Stephen M. Goldhar Dr. Mary SENIOR Vice-President COMMUNICATIONS CAO and CFO Principal Gospodarowicz & Princess Margaret CONSULTANT Medical Director Cancer Centre Lead RBC Master Plan PMCF Committees: Management Limited Princess Margaret Granting, Stewardship PMCF Committees: University Health Audit and Risk; Investment Cancer Centre and Impact PMCF Committees: Network Investment PMCF Committees: PMCF Committees: Granting, Stewardship Granting, Stewardship and and Impact Impact
The Honourable Karen Maidment Dr. Benjamin Neel Dr. Christopher J. Paige Domenic Pilla Kevin G. Lynch Corporate Director Research Director Vice-President, President & CEO Vice Chairman Research Serves on the boards of: Princess Margaret Shoppers Drug Mart BMO Financial Group TD Bank, TransAlta, Cancer Centre (former) University Health Corporation (former) TDAmeritrade PMCF Committees: Network PMCF Committees: PMCF Committees: Human Resources and Governance; Granting, PMCF Committees: Granting, Stewardship PMCF Committees: Stewardship and Impact Investment and Impact Granting, Stewardship and Compensation (Chair Impact to September 2014)
Our thanks are also extended to the following individuals from our community of supporters who also serve on Board committees:
Keith Ambachtsheer (Granting, Stewardship and Impact), Terry Bacinello (Audit and Risk), Candace Innes (Chair of Lottery), and Betsy Wright (Granting, Stewardship Mary-Alice Vuicic Stuart Waugh and Impact). EVP, HUMAN MANAGING DIRECTOR RESOURCES & & MANAGING PARTNER LABOUR RELATIONS Northleaf Capital Loblaw Companies Ltd. Partners (former) PMCF Committees: Investment
The Princess Margaret Cancer Foundation 59 Stephen Bear Tom Ehrlich
Why is The Princess Margaret Cancer Foundation one of Canada’s best-in-class social enterprises? Strong leadership from a high-calibre Board of Directors
uring this fiscal year, Stephen Stephen is succeeded by Tom raised more than $1.6 million and Bear completed his two-year Ehrlich. Tom is a 30-year veteran of supported 12 research projects at Dterm as Chair of the Board of the commercial real estate industry The Princess Margaret. Directors for the Foundation. During and is the President of Tanurb When he stepped into the Vice-Chair his tenure, Steve helped launch the Developments Inc. and Ehrlich Asset position, the leaders of the cancer Billion Dollar Challenge, our five- Management Inc. centre called on Tom’s real estate year initiative to revolutionize cancer Tom has served on the Board since expertise to help in the expansion of care by creating a new gold standard: 2008, and has held the positions of the research enterprise to the Princess Personalized Cancer Medicine. both Vice-Chair of the Foundation Margaret Cancer Research Tower. His Steve’s leadership of the Board was Board and the inaugural Chair of direct and extensive involvement instrumental in bringing forward the Foundation’s Granting, Impact helped Princess Margaret researchers new strategies of stewardship and and Stewardship Committee. Tom relocate to this new tower in a very granting to ensure maximum impact also serves as a member of the cost-efficient manner. Tom’s priorities from philanthropic funding. Finance and Audit Committee of the for 2015 are to commence the The Foundation achieved record net University Health Network. transformational renovations to the revenue under Steve’s thoughtful After being treated at The Princess first five floors of the Princess Margaret guidance. We are delighted that he Margaret in 1999, Tom asked his Cancer Centre which will improve has decided to remain on the Board doctor how he could help the cancer both the clinical space and the as a Director and now chairs the centre that had just helped him. patient experience. In addition, Tom vitally important Granting, Impact She told him about the important is focusing efforts on strengthening and Stewardship Committee. Steve research ‘in the funnel’ that urgently the commercialization of research was present at so many of our donor needed funding. That conversation, discoveries at the cancer centre. Tom events and activities. We are beyond together with Tom’s great network leads from the front and rides, runs, grateful to Steve for his leadership, of friends and work colleagues, does sprint triathlons, shaves his head advice, and insightful strategic spawned the Invest in Research and participates personally in almost guidance. Program. To-date, the program has every Princess Margaret event.
60 2015 Report to Our Donors Last year at the Princess Margaret Cancer Centre
6,201 surgeries Performed by Canada’s largest surgical oncology team and one of the largest in the world. 17,460 new patients Cared for by Canada’s largest cancer research and clinical program.
radiation 92,526 visits Managed by Canada’s largest radiation medicine program and the largest in North America under a single roof.
stem cell 368 transplants Performed by Canada’s largest stem cell transplant program.
1,224 publications The Princess Margaret’s research performance now ranks second in the world in terms of the percentage of publications cited in high-impact oncology journals.
outpatient 34,851 chemo visits Managed by one of the largest chemotherapy and transfusion centres of its kind in North America.
Design & Production: davidesigns.ca Photography: michael t photography & design inc. Printing: Hemingway Communications Inc. Supporting ONE OF THE TOP 5 CANCER RESEARCH CENTRES IN THE WORLD
Office/Courier Address: 700 University Avenue, 10th Floor, Toronto, ON M5G 1Z5 Mailing Address: 610 University Avenue, Toronto, ON M5G 2M9 T: 416.946.6560 1.866.224.6560 F: 416.946.6563 Charitable Organization No. 88900 7597 RR0001 Join us on social media: Facebook.com/ThePMCF Twitter.com/ThePMCF Instagram.com/ThePMCF thepmcf.ca