QEII Health Sciences Centre Foundation

5657 Spring Garden Road, Park Lane Mall, Suite 3005
Halifax, NS B3J 3R4
President & CEO: Susan Mullin
Board Chair: Lydia Bugden

Charitable Reg. #:88646 3496 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

B-

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

65%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 65 cents are available for programs.



My anchor

OVERVIEW

About QEII Health Sciences Centre Foundation:

Founded in 1997, QEII Health Sciences Centre Foundation (QEII Foundation) raises money to fund equipment purchases, research, and improve patient care at QEII Health Sciences Centre (QEII). QEII is the largest adult health sciences centre in Atlantic Canada, with two sites in Halifax, Nova Scotia. The health centre specializes in heart health, cancer care, neurosurgery, and organ transplants. In F2021, the Foundation granted $9.1m to QEII.

In F2021, QEII Foundation allocated 59% of total grants to advanced patient care through programs, equipment, technology, and facilities. In F2021, patient care at QEII focused on the bone marrow transplant program, cancer care, palliative care, rehabilitation, surgical care, heart health, and equipment like PET-CT scanners and surgical robots. The Foundation also granted $567k for covid-19 response. QEII Foundation reports that QEII had just under one million patient visits in F2021, with 98% of patients coming from Nova Scotia.

In F2021, QEII Foundation allocated 30% of total grants to education. The Foundation refers to QEII as a teaching hospital, meaning it helps shape healthcare workers through simulation-based learning, conferences, and lecture opportunities. The Foundation also provides educational bursaries; for example, the Diversity in Health Care Bursary program aims to create a more diverse hospital that reflects the communities QEII serves. Since 2018, the QEII Foundation has provided Diversity in Health Care Bursaries to 58 post-secondary students studying healthcare.

QEII Foundation allocated 11% of total grants to research in F2021. F2021 research initiatives at QEII include leukemia and lymphoma, multi-organ transplant, nurses helping nurses, pharmacy, mental health support, and the diversity bursaries Uplift program for youth. The Foundation also granted $250k for covid-19 research.

While most of the money granted in F2021 was allocated to Nova Scotia Health Authority, funds were also received by Dalhousie University, Leukemia & Lymphoma Society of Canada, and Canadian Cancer Society, as reported in QEII Foundation’s T3010 filing with the CRA.

My anchor

Results and Impact

In F2021, QEII Foundation granted $780k for rTMS, a new, non-invasive treatment for depression. The Foundation states that 5% of Nova Scotians experience depression, of which one-third will not respond to standard approaches; rTMS provides hope for these patients.

In F2021, QEII Foundation funded the purchase of new interventional radiology (IR) suites. IR is a growing field of medicine that performs minimally invasive procedures with the guidance of medical imaging. According to the Foundation, the new suites will allow the IR team to perform an additional 1,000 procedures compared to previous years.

In F2021, QEII Foundation funded the purchase of new PET-CT technology, which helps diagnose cancer. The Foundation states that the new technology will help reduce the length of PET-CT scans, with some scans reducing from 15 minutes to 90 seconds. As a result, QEII will scan an additional six people a day and reduce the wait time to receive a scan from seven weeks to two weeks.

While Charity Intelligence highlights these key results, they may not be a complete representation of QEII Health Sciences Centre Foundation’s results and impact. This charity is not yet rated on impact (n/r).

My anchor

Finances

In F2021, QEII Health Sciences Centre Foundation had total donations and special events revenues of $13.4m. Lottery revenue is presented net of expenses, representing $7.4m or 25% of total revenues. Administrative costs are 9% of revenues (less investment income), and fundraising costs are 26% of donations. This results in total overhead spending of 35%. For every dollar donated, 65 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

QEII Foundation has $96m in funding reserves, which would allow it to grant at the F2021 level for almost eleven years. While the QEII Foundation maintains an endowment fund, Ci could not identify the respective allocations of donor-endowed and internally-endowed funds. As a result, all endowed funds are included in the program cost coverage ratio.

Charity Intelligence sent an update of this report to QEII Health Sciences Centre Foundation for review. Changes and edits may be forthcoming.

Updated on July 30, 2021 by Sydney Olexa.

Financial Review


Financial Ratios

Fiscal year ending March
202120202019
Administrative costs as % of revenues 9.2%12.1%16.2%
Fundraising costs as % of donations 25.6%33.5%25.1%
Total overhead spending 34.8%45.6%41.3%
Program cost coverage (%) 1,062.4%717.4%827.6%

Summary Financial Statements

All figures in $000s
202120202019
Donations 11,86610,08310,437
Goods in kind 1059773
Government funding 1,28600
Lotteries (net) 7,4276,4876,504
Special events 1,5371,5521,085
Investment income 7,995(2,100)2,383
Total revenues 30,21516,11720,481
Grants 9,05310,3118,907
Administrative costs 2,0362,1972,934
Fundraising costs 3,4353,9022,893
Other costs 0630
Total spending 14,52416,47314,734
Cash flow from operations 15,692(356)5,748
Capital spending 051265
Funding reserves 96,18273,97173,710

Note: Ci adjusted for changes in grants payable to reflect grants paid during the year, increasing expenses by $26k in F2021, $284k in F2020, and $1.2m in F2019.

Salary Information

Full-time staff: 45

Avg. compensation: $78,738

Top 10 staff salary range:

$350k +
0
$300k - $350k
1
$250k - $300k
0
$200k - $250k
0
$160k - $200k
1
$120k - $160k
2
$80k - $120k
6
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2020

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.qe2foundation.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 902 334 1546

Print  
Image

Charity Intelligence researches Canadian charities for donors to be informed and give intelligently. Our website posts free reports on more than 800 Canadian charities, as well as in-depth primers on philanthropic sectors like Canada’s environment, cancer, and homelessness. Today over 500,000 Canadians use our website as a go-to source for information on Canadian charities reading over 1.6 million charity reports. Through rigorous and independent research, Charity Intelligence aims to assist Canada’s dynamic charitable sector in being more transparent, accountable and focused on results.

 

Be Informed. Give Intelligently. Have Impact

 

Charitable Registration Number: 80340 7956 RR0001