The Physicians' Services Incorporated Foundation concentrates almost exclusively on funding medical and clinical research, making very large annual research grant disbursements to multiple recipient groups. Its giving appears oriented toward supporting research infrastructure and projects likely at hospitals, medical schools, and research consortia in the Toronto/Canadian health sector. The foundation favors pooled or competitive research awards rather than many small community grants.
Concentrated, high-value research funding delivered as a small number of very large grants distributed across multiple recipients (repeat annual/periodic research disbursements rather than many small grants).
Physicians' Services Incorporated Foundation centers its giving on medical and clinical research, with a strong emphasis on Ontario-based physician-researcher programs, medical education research, and health research that relates directly to patient care. Its current program set includes operating grants for post-M.D. research, community physician studies, new investigator support, and salary support for early-career researchers. The foundation also funds research capacity building through fellowships and trainee awards. One program supports a new investigator doing knowledge translation research and requires that at least 50% of the fellow’s time be protected for the work. Another supports practising physicians pursuing educational fellowships, while a separate trainee award is designed to strengthen the physician-researcher pipeline. In recent grants, the foundation made a $4,527,405 payment in 2025 for Grants Paid 2024 to Multiple Recipients for Research Grants in Toronto, and a $3,026,684 payment in 2024 for Grants Paid 2023 to Multiple Recipients for Research Grants in Toronto. That pattern points to pooled support rather than many small awards, with funding channeled through research programs and multiple recipients.
Medical education is a clear lane for the foundation. It supports research that assesses the post-M.D. educational environment, including curricula, teaching methods, and teaching resources, through its Medical Education Research at the Post M.D. Level operating grant. It also backs physician-led clinical inquiry. The Clinical Research stream funds post-M.D. physicians conducting research directly relevant to patient care, while the Healthcare Research by Community Physicians Grant supports physicians in community settings who are reviewing practice patterns and improving care in their clinic, hospital, or region. Capacity building for early-career researchers is another recurring theme. The PSI Graham Farquharson Knowledge Translation Fellowship provides salary support for a new investigator doing knowledge translation research, and the New Investigator grant stream is aimed at clinical fellows or physicians within six years of their first academic appointment.
The only grant-size figures on file show a single recurring amount: the 25th percentile, median, and 75th percentile are all $3,026,684, indicating highly concentrated award sizing. Recent payments also show large pooled disbursements rather than many small grants, including a $4,527,405 payment in 2025 and a $3,026,684 payment in 2024, both for multiple recipients. The foundation does not fund individuals overall, and the active programs show application-based operating grants, fellowships, and salary-support awards. Several programs accept unsolicited applications, and the PSI Health Research Grants stream says decisions are generally made within 6 months.
Current and upcoming funding from Physicians' Services Incorporated Foundation that your nonprofit may be able to apply for.
Who can apply: Open to post-M.D. physicians in Ontario with a CPSO-licensed M.D. and academic appointment, as described in PSI's funding guidelines.
Deadline: No deadline; accepted on an ongoing basis.
$4.5M
$105.2M
$6.5M
$5.8M
Most grants fall between $3M and $3M, with a median of $3M.
25th Percentile
$3M
Median
$3M
75th Percentile
$3M
Top 1 recipient countries by grant volume for Physicians' Services Incorporated Foundation.
| Rank | Country | Grants | Total | Share |
|---|---|---|---|---|
| 1 | Canada | 2 | $7.6M | 100.0% |
Recipient country reflects the grantee's headquarters per IRS 990-PF and Schedule F filings, not the program's implementation country.
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Notable grantees: University of Toronto Faculty of Medicine (typical recipient), Toronto teaching hospitals' research institutes (e.g., Toronto General/Toronto Western research entities), Canadian clinical research consortia and specialty research centres
Grantmaking in the recent grants list is centered in Toronto, with both listed payments going to multiple recipients there. The recipient-country distribution is entirely Canadian: CA accounts for 2 grants, or 100% of the grants shown. The active program list is also Ontario-based, indicating a strong provincial emphasis in where the foundation directs its health research support.
Its active programs focus on medical education research, clinical research, health systems research, community physician research, knowledge translation, and research training. The program list also includes salary support and fellowships for physician-researchers, showing a consistent interest in building research capacity alongside project funding.
Yes. The PSI Graham Farquharson Knowledge Translation Fellowship supports a new investigator and requires at least 50% protected time. The New Investigator grant stream is aimed at clinical fellows or physicians within six years of their first academic appointment, and the PSI Research Trainee Award supports physician-researcher development.
Several active programs accept unsolicited applications, including Medical Education Research at the Post M.D. Level, the PSI Graham Farquharson Knowledge Translation Fellowship, the Healthcare Research by Community Physicians Grant, the Educational Fellowship for Practising Physicians, and the PSI Health Research Grants stream.
The grant-size distribution is concentrated at one level: the 25th percentile, median, and 75th percentile are all $3,026,684. The foundation’s recent payments also show large multi-recipient research grant disbursements rather than a broad range of small awards.
The recent grants listed are both in Toronto, and the recipient-country distribution is entirely Canadian, with CA accounting for 2 grants and 100% of the grants shown. The active programs are also defined as Ontario-based.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Who can apply: Open to post-M.D. physicians in Ontario with a CPSO-licensed M.D. and academic appointment, as described in PSI's funding guidelines.
Deadline: No deadline; accepted on an ongoing basis.
Who can apply: Post M.D. physicians; sponsoring institution must be a registered charity in Ontario and meet PSI sponsoring institution requirements.
Deadline: No deadline; PSI accepts health research grant applications on an ongoing basis.
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Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| Grants Paid 2024 | Toronto | $4,527,405 | 2025 | Multiple Recipients for Research Grants |
| Grants Paid 2023 | Toronto | $3,026,684 | 2024 | Multiple Recipients for Research Grants |
Grants Paid 2024
$4,527,405Multiple Recipients for Research Grants
Grants Paid 2023
$3,026,684Multiple Recipients for Research Grants