layout 1 (page 3) · brownstein for excellence in research 06 07 $7 million the amount left to...

The Ottawa Hospital Foundation Annual Report

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The innovative Guardian AngelProgram is launchedallowing grateful patientsto honour Hospital staffwhile supporting healthcare improvements (see story on page 5)

The Stroke for Strokegolf tournament raises$87,000 for strokecare and researchat the Hospital

Employees at MitelNetworks raise$43,000 in their firstworkplace campaign,helping the Hospitalpurchase an adult/pediatric ventilator

Philanthropists Eric and Vizma Sprott donate$7 million – the largestever individual gift to theHospital – to create anendowment fund for the newly named Sprott Centre for Stem Cell Research

Dozens of donors help the Foundation reach the U.S.-based KresgeFoundation’s 18-monthchallenge to raise $2 million as a condition to receive a grant of $800,000 to support the construction of the stemcell centre

The Karen Taylor NursingEndowment Fund surpassesthe $250,000 mark,making it one of theFoundation’s largestendowed funds; the fundprovides education bursariesto Ottawa Hospital nursesspecializing in cancer care

The fifth annual President’s Breakfast raises a record $565,000

Dr. Jozef Strauswelcomes 100 leadershipdonors to a private function in his home

Thirty-two Eastern OntarioShoppers Drug Mart storesand their customers raise$55,000 through the Tree of Life program in support of the Critical CareWing (see photo on page 7)

The Civic CampusEmergencyDepartment expansion iscompleted thanks to generouscommunity support; manyareas of the department havebeen named in recognition ofmajor donors, including theRoyal Ottawa Golf ClubCharity Classic, The OttawaHospital – Civic Auxiliary,Peter Foustanellas, Med-Eng Systems Inc.,Scotiabank Group, DATAGroup of Companies, Coughlin& Associates and Giant Tiger(see story on page 4)

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“We knew the challenges facing us when we launched the LegacyCampaign in 2002. It was the mostambitious campaign for health careever undertaken in our region.So it’s incredibly inspiring to thinkthat every single dollar raisedso far represents an individual ororganization that truly believes thatwe deserve the best health care inour community.”

Steve Kaminski, President andCEO of Colonnade Development, is a dedicated volunteer and leadershipdonor to the Foundation. In 1992,he joined the former General HospitalFoundation, served as Chair of The Ottawa Hospital Foundation’sBoard of Directors for four years, andcontinues to support Foundationfundraising activities.

The second annual Behind the Scenesevent is a great success asmedical staff take donorsinto rarely seen areas of the Hospital, such as operating rooms used forminimally invasive surgery

Robert Merkley and Claude Des Rosiers organizea dinner to recognize the$7 million raised by the local construction anddevelopment sector to date

Ron and Gail Zambonini are honorary co-chairs of the Gala for Research,which raises $125,000and recognizes Dr. PeterStys and Dr. SeymourBrownstein for excellence in research

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$7 millionThe amount left to raise in the $100-million Legacy Campaign.

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MBM Law makes a$25,000 corporatepledge to the Hospital (this is in addition to thealmost $24,000 raised byemployees over the pastthree years)

MDS Nordionannounces a five-yearpartnership to sponsor theGala for Research and theFoundation’s Ottawa RaceWeekend fundraisinginitiative

The Ages CancerAssessmentClinic begins its phasedopening at the GeneralCampus; the Centre and itsdiagnostic units are namedto recognize significantgifts from the Ages family,sanofi-aventis and MDSNordion, as well as theCanadian Cancer Society

Ottawa Business Interiorsraises $32,000 to datethrough its Chair-itableCampaign ($5 from everychair sold is donated to The Ottawa Hospital)

Dr. Jun Gao and Dr. FengziaXiao are named therecipients of this year’s TD Bank Financial Groupfellowship; each receives$50,000 for their research

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Philanthropists Eric and Vizma Sprott visit theGeneral Campus to open theSprott Centre for Stem CellResearch (see photos on page 4)

The Thomas Assaly CharitableFoundation pledges $65,000toward Parkinson’s research atthe Ottawa Health ResearchInstitute

His Excellency AmbassadorHassan Al-Suwaidi, the United Arab EmiratesAmbassador to Canada, hosts a fundraising dinner in his home that raises$100,000 for the Hospital

Chronic pain sufferersgain new hope as the expandedOttawa Pain Clinicopens its doors in the CriticalCare Wing

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1 in 2people inEastern Ontariowill be touchedby The OttawaHospital thisyear.

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Ottawa Mayor Larry O’Brien(right) joins MDS NordionPresident Steve West and other community leaders to launch the 2007 MDS Nordion OttawaHospital RaceWeekend Challenge



Open for Business!Several of The Ottawa Hospital Foundation’s five-year, $100-million Legacy Campaignconstruction and renovation projects began operations last year. Of note, the expandedOttawa Pain Clinic and the first phase of the innovative Ages Cancer Assessment Clinicopened, both at the General Campus. Two of the most impressive projects completed in2006-2007 are without a doubt the Sprott Centre for Stem Cell Research and the CivicCampus Emergency Department.

The Sprott Centre for Stem Cell Research

A New Era in Regenerative Medicine BeginsThe Ottawa Hospital took a leap into the futurewhen the Sprott Centre for Stem Cell Researchopened in November at the General Campus. TheCentre puts Ottawa on the map as one of the topfive global centres for stem cell research, whichholds much promise for treating and possiblycuring diseases like cancer and diabetes.

Civic Campus Emergency Department

Urgently Needed Space Now a Reality

Coughlin & Associates are among several donors that have had areas of the ER named in their honour. Here, Brian Bockstael, President;Ken Kaitola, Vice-President of Finance and Operations; and MarkHogan, Senior Vice-President, receive a certificate of thanks in the new Coughlin & Associates Ltd. Conference Room in the ER.

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Guests at the grand opening were given a tour of the labs.Here, Dr. Michael Rudnicki, Director of the Sprott Centre,brings science alive for Jake and Sarah Stewart. They are thenephew and niece of John McCleary, a multiple sclerosispatient who took part in a pioneering stem cell study toreboot the immune system and stop his MS symptoms.John passed away in 2003, but his family has supported a labin the Centre in his name to help researchers continue thesearch for a cure.

Eric and Vizma Sprott (centre and secondfrom right) and their daughters are thanked by Dr. Ron Worton in front of the donor walldedicated to their $7-million endowmentduring the opening ceremony on November 15.

The new ER is double the size of theold one. Spacious patient bays, modernlifesaving equipment and natural lightequate to better patient care.

The massive expansion of the Civic Campus Emergency Department was completed in September thanks to more than $7 million in donations by individuals and organizations in our community. The Civic ER was the first major Legacy Campaign project.It is now a state-of-the-art facility that can provide emergency care to some 75,000 people a year. The previous ER was built in 1975 to accommodate 30,000 patients a year.



Coming Soon

Honouring our AngelsSince its launch in May 2006, The Ottawa HospitalFoundation’s Guardian Angel Program has shone thespotlight on our health care workers’ incredible care andraised much-needed funds for the Hospital. Gratefulpatients (and staff) have jumped at the opportunity to makea donation to the Hospital in honour of someone who madea difference during their stay. Every Angel receives a uniquepin to wear on their lapel.

To date, more than $150,000 has been donated and 1,000pins have been handed out. Hospitals across North America(from Florida to British Columbia) are calling theFoundation to find out how to start their own programs.

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1,000Guardian Angel pins have been given toHospital staff to honour their excellent care.

“Dr. Dudek was put on Earth to be a doctor, because she is so good.” Dr. Nancy Dudek (left), with The Ottawa HospitalRehabilitation Centre, was honoured as a Guardian Angel bygrateful patient Bill Thompson. A routine dental appointmentcaused septic shock that ended in Bill losing both feet. He spentfour months in Dr. Dudek’s care learning to walk on prosthetics.

13 centsof every dollar donatedto The OttawaHospital Foundationlast year went towardadministrative costs,making it one of themost efficient charitiesin Canada.

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Critical Care WingFinal touches are now underway on the JDS Uniphase EmployeeLegacy Critical Care Wing (left), set to open at the GeneralCampus in December 2007. The Wing, made possible by generouscommunity support, will house the new ICU and state-of-the-artoperating rooms.

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Campus IntensiveCare UnitThe Civic ICU will soonundergo a huge expansionproject that will double itssize, increase its bed count and add state-of-the-artequipment. Theseimprovements will ensure the facility is able to providethe very best care to ourcommunity, including peoplelike Corporal Michael Spence(left, in wheelchair), one ofseveral soldiers injured inAfghanistan who were caredfor at the ICU last year.

Guardian Angel pin


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An Event-full Year Hundreds of people in our community attend or organize events every year to raise funds for The Ottawa Hospital. From road races to golf tournaments to BBQs, these events are a great wayto allow individuals and groups to support excellent patient care and research in our community.

Ottawa Hospital Staff: Leading by Example

A Spook-tacular Race

Rattle Me Bones, presented by Schering Canada, raised $70,000 for patient care, andarthritis and orthopedic research in 2006. A record 1,500 participants—includingthis ragtag group of ghouls—helped make this road race our best year ever.

Loving the Loppet

The Hope & Heroes event hit a milestone last March when theOttawa Senators Alumni reachedtheir four-year-old goal of raising$250,000 for the Acquired BrainInjury Program at The OttawaHospital Rehabilitation Centre.Alumni President Brad Marsh(left) shown selling raffle pucksduring the evening, announcedthat the group of former NHL players had signed on for another $250,000 pledge,ensuring the popular eventcontinues in the future. One of the most inspiring moments of the evening was delivered by longtime local entertainer Dick Maloney, who sang andencouraged the audience to live their lives to the fullest.Mr. Maloney (below left) was paralyzed from the neckdown after a freak accident in June 2006 and spent manymonths at the RehabilitationCentre.


Top-down SupportSince the Legacy Campaign began, many physicianshave rallied their colleagues to show their support.In addition to making pledges to the Campaign, theyoften speak at events and attend donor receptions,including this one in June. Pictured (left to right) are Dr. Joe Mamazza, Head, Division of General Surgery;Mike LeClair, member of the Foundation’s Board ofDirectors; Dr. Richard Moulton, Chief, Division ofNeurosurgery; Dr. Éric Poulin, Head, Department ofSurgery; Dr. Ron Worton, CEO of the Ottawa HealthResearch Institute; and Dr. Jim Worthington, Vice-President of Medical Affairs.

28new events wereorganized in ourcommunity, helpingbring the totalraised throughcommunity eventsto over $669,000.

Pucks andInspiration

A key piece of the puzzleto raising funds for ahospital is being able todemonstrate that physiciansand staff are willing tosupport the causethemselves. Internal supportfor the Legacy Campaignhas grown in leaps andbounds over the past fewyears. There is a clear linkbetween this support andthe increase in ourcommunity’s generosity.

A cold February 18 was no deterrent for 54 skiers who raised $20,000 for the Little Angels Bone Marrow TransplantFund during the Keskinada Loppet ski race held in Gatineau Park. The fund assists cancer patients undergoingtransplant treatments by helping cover transportation, child care, lodging and other expenses incurred by them andtheir families.

Celebrating Community Support!Great hospitals thrive on great community support. Last year, we had many opportunities to meet those great OttawaHospital Foundation supporters face-to-face.

Supporting FutureResearch

Evidence of Generosity

Branching OutShoppers Drug Mart’s Tree of Life campaign raised$55,000 for the Critical Care Wing. The annualcampaign, which ran from August 19 to September 15,allows customers and staff to support health charities bybuying a leaf for $1, a maple leaf for $5 or an apple for$50. Ottawa Hospital President and CEO Dr. Jack Kitts(third from right) thanked local Shoppers Drug Martowners/pharmacists (left to right) Nasser Nasir, BashirSurani, Darlene Yee, Alistair Rasaisah, Ches Woolfrey andShauna Devison.

Hospital Fund-racersOttawa Hospital staff members are enthusiastic participants in theFoundation’s annual fundraising initiative during the Ottawa RaceWeekend. In 2006, staff teams raised more than $100,000, helpingpush the final tally for the weekend to $520,000! For example, theSocial Workers on theRun team not onlyraises funds but alsoworks a water stationalong the half and full marathon routes(right). The team has raised more than$4,400 to date for theHospital.

Siemens Steps Up toSupportHealth Care

On November 29, Dr. Jack Kitts (left)thanked Jack Teevens, Region GeneralManager of Siemens Canada, for thecompany’s generous gift of $250,000 insupport of the Legacy Campaign.

Law firm Nelligan O’Brien Payne raised the bar withinthe legal community by pledging $35,000 to the Legacy Campaign. Pictured (left to right): Stacey Lister,Susan Bromley, Janice Payne, Al O’Brien, Dr. Jack Kittsof The Ottawa Hospital, Peter Cronyn and Clive Savage.

Bell Comes CallingIn November, Bell Canada reps visited the Bell PatientDecision Support Lab they supported with a $500,000donation. The Bell Lab has become the global hub fordecision aids, which help people make difficult healthand personal decisions. Pictured (left to right): CherylBurwash, Regional Director, Community Affairs, BellCanada; Dr. Annette O’Connor, Research Chair, OttawaHealth Decision Centre, Ottawa Health ResearchInstitute (OHRI); Lisa Banks, Senior Director,Community Affairs, Bell Canada; Jamie Brehaut,Assistant Professor, Department of Epidemiology andCommunity Medicine, OHRI; and Heather McLean,Campaign Director, The Ottawa Hospital Foundation.

The Organ Donationand TransplantAssociation of Canadawas recognized for itsgift, which was directedtoward the GMP lab inthe new Sprott Centrefor Stem Cell Researchand to fund artificialcornea research at the OHRI. Here,Dr. Michael Rudnicki,Director of the SprottCentre (left), thanksGabe Etele, Presidentand CEO of the Organ Donation andTransplant Associationof Canada.

Concrete Support

The Ottawa Hospital Staff Lottery moo-ved in a new direction in 2006 with a new look and feel. The bovine-inspired “Cash Cow” Lottery was a big hit with Hospital employees andvisitors, who helped raise $189,000 for patient care and research. Pictured here is $10,000Early Bird winner Ellen Aldrich, who received a surprise visit from the Lottery’s giant cheque-wielding mascot.

Cow-a-bunga!

Among The Ottawa Hospital’s biggest supporters in the construction industry are Central Precast and thePrecast Group of Companies owned by the Mion family.The family celebrated 50 years in business with a pledgeof $250,000 to the Hospital in October. Pictured (left toright): Rita and Rudy Mion, and John and Nives Mion.


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Auxiliaries:Giving Back in so Many WaysEvery year, volunteer auxiliaries at all threeOttawa Hospital campuses give generouslyof their time to provide important servicesfor patients and visitors – but did you knowthat they also raise hundreds of thousands ofdollars for patient care? The Ottawa HospitalFoundation took time to celebrate their manycontributions last year.


Volunteer Drives Breakfast Success

Bruce Wolfgram—seen here with his wife,Lucie Vachon—acceptedthe Foundation’s Volunteerof the Year award for hisrole as Chair of thePresident’s Breakfastorganizing committee.This Vice-President of J.J. Barnicke has beeninstrumental in rallyingvolunteers and donors tohelp ensure the success ofthe President’s Breakfast,which has raised more than$2.8 million in five years.

This wall plaque willserve as a legacy of theFriends of the OttawaHospital’s donation to help purchase new3-D medical imagingequipment at theGeneral Campus.

A permanent reminderof the Civic Auxiliary’ssupport was placed onthe wall outside of thenewly named TraumaUnit.

The Riverside Campus Auxiliarymarked their 40th anniversary bymaking a $150,000donation to theOsteoporosis Program.

Legacy Campaign Cabinet Members2006-2007Peter Cleveland, Chief Executive Officer, Cleveland Leadership Group Inc. (Campaign Co-Chair)Dr. Jozef Straus (Campaign Co-Chair)Ron Zambonini, Chairman of the Board, Cognos Inc. (Campaign Co-Chair)Graham Macmillan, Managing Director, Corporate Finance Head, Retail Structured ProductsGroup, RBC Capital Markets (Campaign Vice-Chair)

David Angus, Senior Partner, The Capital Hill Group Inc.Robert Ashe, President and Chief Executive Officer, Cognos Inc.Richard Auger, Lawyer, Edelson & AssociatesColin S. Baxter, Partner, McCarthy Tétrault LLPBob Blake, Sales Representative, Royal LePage Real Estate Ltd.Michel Brazeau, Executive VP Eastern Region - Canada, EDSRichard Chmiel, Richard Chmiel Architect & Associates IncorporatedDr. Christopher Carruthers, Chief of Staff, The Ottawa Hospital Carole Chouinard, Partner, Gowling Lafleur Henderson LLPCarl Courneya, Owner, Cabenas Management Services Inc.Dale Craig, Chairman, J.L. Richards & Associates Ltd.Peter J.E. Cronyn, Lawyer, Nelligan O’Brien Payne LLPIan Curry, President and Chief Executive Officer, DNA Genotek Inc.Claude Des Rosiers, V.P. General Manager, Boone Plumbing & Heating Supply Inc.Gerry Doyle, Senior Consultant, Investors Group Financial Services Inc.Jim Durrell, Owner, Capital Dodge Chrysler JeepKenneth G. Evans, Partner, Gowling Lafleur Henderson LLPMark Fazio, Vice-President, Ottawa, Eastern Ontario, EllisDon CorporationWendy Fortier, Clinical Director, Critical Care/ER/Trauma, The Ottawa Hospital - General

CampusGeorge Gaty, Director, Andridge Capital CorporationDr. Nishith Goel, Founder and President, Cistel Technology Inc.Sandra Goldberg, Partner, Deloitte & Touche LLPEdward Goldenberg, Partner, Stikeman Elliott LLPGraeme Gordon, Partner, Accenture Inc.Elizabeth Graham, Community VolunteerRoger Greenberg, Chairman and CEO, Minto Developments Inc.Larry Hartman, President, Hartman’s Independent GrocerPaul Hession, Director General, Public Works and Government Services Canada, Service

Qualification and TransitionJohannes R. Hill, Vice-President, Product Management, Guardian Mobility CorporationBruce Hillary, President, Hillary’s CleanersBarry Hobin, President, Barry J. Hobin & Associates Architects Inc.Jacquelin Holzman, Chair, Board of Directors, Ottawa Health Research InstituteLawson A.W. Hunter, Executive Vice-President and Chief Corporate Officer, Bell Canada

Enterprises and Bell CanadaGregory Kane Q.C., Partner, Stikeman Elliott LLPKonstantin Kotzeff, Community VolunteerRichard Larocque, President, Executive Sales Advisor Inc.Lise Lauzon, Groupe Claude Lauzon ltéeKen Lawless, President and Chief Executive Officer, Ottawa Life Sciences CouncilRose Lipiec, Private Banker, TD Waterhouse Private Client ServicesHayden Marcus, President, CNG Global ServicesSerge Massicotte, President, Massicotte Construction Ltd.Paul McCarney, Vice-President, Secretary Treasurer, Graydex Ottawa Inc.Bob McElligott, President, Brickland Timberlay CorporationRobert McFarlane, Senior Business Solutions Director, Toshiba Business SolutionsBob Meldrum, Senior Partner, Carleton Financial GroupRobert Merkley, President, Merkley Supply LimitedAndre Mickovitch, Financial Planning Advisor, Assante Capital Management Ltd.Randy Pettipas, President and CEO, Global Public AffairsGino Picciano, Senior Vice-President, Chief Operating Officer and Chief Information Officer,The Ottawa Hospital

Kent Plumley, Partner, Osler, Hoskin and HarcourtDr. Éric Poulin, Surgeon-in-Chief, The Ottawa HospitalMichael Prittie, Senior Financial Advisor, Berkshire Securities Inc.John Reid, President and CEO, CATAAllianceGisèle Richer, Community VolunteerMarc Robert, Broker, Pentagon Insurance Brokers Inc.Ken Ross, Community VolunteerBrian Scott, Broker, Smith, Petrie, Carr and ScottSol Shinder, Chairman, District Realty CorporationSteve Spooner, Chief Financial Officer, Mitel Networks CorporationVineet Srivastava, Vice-President, Cistel TechnologyIan Sterling, President, P.J. Doherty & Associates Co. Ltd.Bashir Surani, President, B. Surani Drugs Ltd., Shoppers Drug MartJim Taggart, Chairman, Taggart Group of CompaniesJean Teron, Community VolunteerYves Tremblay, Chair, The Ottawa Hospital Board of GovernorsWhit D. Tucker, Senior Vice-President & Director, BMO Nesbitt Burns Inc.Paul Vaillancourt, CFP, Senior Executive Financial Consultant, Investors Group Financial Services

Inc.Bob Wener, Office Managing Partner, KPMG LLPBruce Wolfgram, Vice-President, J.J. Barnicke Ltd.

Susan M. Doyle, President and Chief Executive Officer, The Ottawa Hospital FoundationHeather McLean, Campaign Director, The Ottawa Hospital Foundation

Board of Directors2006-2007DIRECTORS

Kenneth G. Evans, Partner, Gowling Lafleur Henderson LLP (Chair)Hicham N. Adra, Senior Vice-President and General Manager, National Capital Region and Western Canada, CGI

Dr. Christopher Carruthers, Chief of Staff, The Ottawa HospitalMark Goudie, Vice-President, Finance and Chief Financial Officer, Mxi Technologies Ltd.Ellyn Holzman, Partner, Unconventional PlanningD.A. (Dennis) Jackson, District Vice-President, Ottawa and West Quebec, ScotiabankSteve Kaminski, President, Colonnade Development IncorporatedKonstantin Kotzeff, Community VolunteerMichael LeClair, Chief Executive Officer, Ottawa Business InteriorsConnie Martin, Chief Executive Officer, Canada Want Ads IncorporatedDavid J. Mason, Tax Partner, Deloitte & Touche LLPPeter Rowan-Legg, Vice-President and Investment Advisor, CIBC Wood GundySteve Spooner, Chief Financial Officer, Mitel NetworksSteve West, President, MDS NordionDr. Ronald G. Worton, CEO and Scientific Director, Ottawa Health Research Institute and V.P.,

Research, The Ottawa Hospital

EX-OFFICIO DIRECTOR

Eleanor S. Bates-Dunn, Chair, The Ottawa Hospital Volunteer Committee


Our Donor Community

Your Generosity has HelpedFund the Following Projects

36%

3%

9%

15%

37%

17%

9%

43%

19%

8%

4%

Corporations / PrivateFoundations

Lottery Proceeds

Community SpecialEvents

Bequests

Gifts from Individuals

Various HospitalDepartmentsSpecialized OutpatientCentres - Riverside Campus

Critical Care - Civic &General Campuses

Priority ResearchPrograms

The Sprott Centre forStem Cell Research

The University of OttawaEye Institute

Accountable to Our DonorsThe Ottawa Hospital Foundation is committed to staying accountable to the community by:• communicating openly and regularly with

our donors;• utilizing each dollar raised efficiently and

effectively to minimize our cost-per-dollar raised;

• ensuring that funds are used for the purpose for which they were given;

• providing exemplary governance and accountability practices.

From Dream to RealitySeventeen state-of-the-artoperating rooms are set to openin December 2007 in the newCritical Care Wing at theGeneral Campus. These newORs will be triple the size of the current space. Surgeonsexpect to perform almost 3,000(or 20 per cent) more surgeriesa year than before. This photocombines an actual photo of an operating suite now underconstruction with an artist’srendition. The dream will soonbe a reality.

The Ottawa Hospital Foundation737 Parkdale Avenue, 1st Floor, Ottawa, ON K1Y 1J8Telephone: 613-761-4295 Fax: 613-761-5014E-mail: [email protected]

We Support

AUDITORS' REPORT TO THE MEMBERSThe accompanying summarized statements of financial position and operations and fund balances are derived from thecomplete financial statements of The Ottawa Hospital Foundation as at March 31, 2007 on which we expressed an opinionwithout reservation in our report dated May 11, 2007. The fair summarization of the complete financial statements is theresponsibility of management. Our responsibility, in accordance with the applicable Assurance Guideline of The CanadianInstitute of Chartered Accountants, is to report on the summarized financial statements.

In our opinion, the accompanying financial statements fairly summarize, in all material respects, the related completefinancial statements in accordance with the criteria described in the Guideline referred to above.

These summarized financial statements do not contain all the disclosures required by Canadian generally acceptedaccounting principles. Readers are cautioned that these statements may not be appropriate for their purposes. For moreinformation on the entity’s financial position, results of operations, fund balances and cash flows, reference should be madeto the related complete financial statements.

Chartered Accountants, Licensed Public AccountantsOttawa, CanadaMay 11, 2007

Summarized Statement of Operations and Fund BalancesYear ended March 31, 2007, with comparative figures for 2006

2007 2006

Revenue:Donations $23,780,438 $17,996,471Lottery proceeds 619,179 906,782Investment 8,374,626 6,162,117

32,774,243 25,065,370

Expenses:Direct fundraising 921,869 679,787Other fundraising 2,186,961 1,817,414Administrative 981,229 890,095

4,090,059 3,387,296Excess of revenue over expenses, before grants 28,684,184 21,678,074

Grants to The Ottawa Hospital and the Ottawa Health Research Institute 25,643,654 15,990,106

Increase in fund balances 3,040,530 5,687,968

Fund balances, beginning of year 66,504,432 60,816,464

Fund balances, end of year $69,544,962 $66,504,432

Statement of Financial PositionAs at March 31, 2007, with comparative figures for 2006

2007 2006

Assets:Cash $ 3,064,988 $ 3,586,470Amounts receivable 262,095 232,983Deferred charges 24,918 17,314Investments 69,957,572 68,870,845Capital assets 154,507 125,395

Total Assets $ 73,464,080 $ 72,833,007

Liabilities:Accounts payable $ 1,723,610 $ 1,852,250Grants payable to The Ottawa Hospital 287,725 267,175Grants payable to the Ottawa Health Research Institute 1,871,694 4,154,989Deferred revenue 36,089 54,161

3,919,118 6,328,575Fund balances:

Invested in capital assets 154,507 125,395Restricted 4,747,473 10,734,112Endowment 58,486,137 49,527,487Unrestricted 6,156,845 6,117,438

69,544,962 66,504,432

Total Liabilities and Fund Balances $ 73,464,080 $ 72,833,007

Note: Complete audited financial statements are available from the Foundation upon request.

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