St. Michael's Foundation Audited Financial Statements

Fiscal Year: April 1, 2014 to March 31, 2015

foundation audited statements

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St. Michael’s Hospital Foundation

donor bill of rights At St. Michael’s Hospital Foundation, we believe you, our donors, have the right to ask for accountability and transparency in all our business dealings. We subscribe to the Donor Bill of Rights developed by the Association of Fundraising Professionals and the Association of Healthcare Philanthropy.

PHILANTHROPY is based on voluntary action for the common good. I.t is a tradition of giving and sharing that is primary to the quality of life. To ensure that philanthropy merits the respect and trust of the general public, and that donors and prospective donors can have full confidence in the not-for-profit organizations and causes they are asked to support, we declare that all donors have these rights:

I.

VI.

To be informed of the organization’s mission, of the way the organization intends to use donated resources, and of its capacity to use donations effectively for their intended purposes.

To be assured that information about their donations is handled with respect and with confidentiality to the extent provided by law.

II. To be informed of the identity of those serving on the organization’s governing board, and to expect the board to exercise prudent judgement in its stewardship responsibilities.

III.

VII. To expect that all relationships with individuals representing organizations of interest to the donor will be professional in nature.

VIII. To be informed whether those seeking donations are volunteers, employees of the organization or hired solicitors.

To have access to the organization’s most recent financial statements.

IX.

IV. To be assured their gifts will be used for the purposes for which they were given.

To have the opportunity for their names to be deleted from mailing lists that an organization may intend to share.

V.

X.

To receive appropriate acknowledgement and recognition.

To feel free to ask questions when making a donation and to receive prompt, truthful and forthright answers.

D E V E L O P E D

B Y

E N D O R S E D

B Y

(information)

Association of Fundraising Professionals (AFP) Association for Healthcare Philanthropy (AHP) Council for Advancement and Support of Education (CASE) Giving Institute: Leading Consultants to Non-Profits Adopted in

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| Copyright AFP (and others)

Independent Sector National Catholic Development Conference (NCDC) National Committee on Planned Giving (NCPG) Council for Resource Development (CRD) United Way of America . All Rights Reserved.

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St. Michael’s Hospital Foundation

statement of revenue & expenses

stmichaelsfoundation.com/inspire

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St. Michael’s Hospital Foundation

balance sheet as at March 31, 2015

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St. Michael’s Hospital Foundation

statement of revenue & expenses and changes in fund balances For the year ended March 31, 2015

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St. Michael’s Hospital Foundation

statement of cash flows For the year ended March 31, 2015

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St. Michael’s Hospital Foundation

Notes to Financial Statements March 31, 2015

(1)

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St. Michael’s Hospital Foundation

Notes to Financial Statements March 31, 2015

(2)

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St. Michael’s Hospital Foundation

Notes to Financial Statements March 31, 2015

(3)

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St. Michael’s Hospital Foundation

Notes to Financial Statements March 31, 2015

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Foundation Audited Statements

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