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Together, we were able to provide $22,790,000 in funding to research, care, capital, education, and Baycrest’s most pressing needs. This was an increase from $19,016,000 in 2022-2023.

Your Impact 2023-2024 Table providing a contrasting overview of Baycrest Foundation’s expenditures in the fiscal year 2023 and fiscal year 2024. Overall spending increased from $31,453,510 in 2023 to $22,467,507 in 2024. Spending for each year is broken down in grants, administrative costs, and fundraising costs. Grant spending increased in 2024 to $22,790,000, up from $19,016,000 in 2023. Administrative costs decreased, from $2,532,620 in 2023 to $2,387,571 in 2024. Finally, fundraising costs also decreased from $9,904,890 in 2023 to $8,289,936 in 2024.
Total Grants Fiscal Year 2023-2024 Table illustrating the breakdown of Baycrest Foundation’s grant spending in fiscal year 2024 into six funding categories. Baycrest’s most pressing needs received a total of $1,110,186, entirely in unrestricted funding. Research received a total of $9,368,855 in funding, with $1,257,058 in unrestricted funding, $6,424,647 in restricted funding, and $1,687,150 in endowment funding. Care received $4,648,664 in restricted funding and $1,576,234 in endowment funding, for a total of $6,224,898. Capital received a total of $5,431,209 in funding, with $5,386,738 coming from restricted funding and $44,471 in endowment funds. Education received $381,448 in total funding, with $224,999 coming from restricted funds and $156,449 in endowment funds. Innovation received $273,468, all restricted funding. The total grant spending in 2024 was $22,790,064, which can be broken down into $2,367,244 in unrestricted funds, $16,958,516 in restricted funds, and $3,464,304 in endowment funds.
Total Grants Fiscal Year 2022-2023 Table illustrating the breakdown of Baycrest Foundation’s grant spending in fiscal year 2023 into five funding categories. Baycrest’s most pressing needs received a total of $400,000, entirely in unrestricted funding. Research received a total of $7,627,080 in funding, with $947,625 in unrestricted funding, $5,431,368 in restricted funding, and $1,248,087 in endowment funding. Care received $4,674,207 in restricted funding and $1,704,103 in endowment funding, for a total of $6,378,310. Capital received a total of $4,313,534 in funding, with $4,271,434 coming from restricted funding and $42,100 in endowment funds. Education received $296,750 in total funding, with $153,021 coming from restricted funds and $143,729 in endowment funds. The total grant spending in 2023 was $19,015,674, which can be broken down into $1,347,625 in unrestricted funds, $14,530,030 in restricted funds, and $3,138,019 in endowment funds.

You can view our full audited financial statements here.