Niagara Health Foundation is a 2-star charity with a results reporting grade of C- which is below average. For every dollar donated, 84 cents are available to go to the cause. The charity can cover eight years and five months of annual program costs with its current reserve funds.

Founded in 1991, Niagara Health Foundation (NHF) raises funds for medical equipment, capital projects, patient care, education, and research at Niagara Health’s hospitals. Niagara Health oversees five hospital sites in St. Catharines, Welland, Niagara Falls, Fort Erie, and Port Colborne. The five hospital sites serve over 480,000 residents in the Niagara area. In fiscal 2023 (year ended May), NHF reports that the hospitals received 185,061 emergency care patients. This is a 7% increase from the 172,174 visits in F2022. In F2023, NHF granted $4.6m to Niagara Health. The charity does not provide a spending breakdown of the grants, but based on its website and impact report, Ci determined the grants went towards equipment, capital projects, patient care, and research.

Some of the NHF grants went towards buying medical equipment for the hospitals. In F2023, NHF reports purchasing nine transportation ventilators, four breast boards, three new washer-disinfectors, one automated chemistry analyzer, and two emergency ultrasound machines. All of these purchases totalled to $302.2k. In F2023, NHF also reported completing 21,027 MRI scans, and 72,171 ultrasounds.

Another portion of NHF’s grants goes towards capital projects, including maintenance, upgrades, and purchases of new facilities. In July, 2023, NHF began construction for the South Niagara Hospital Project. The charity hopes construction will be completed in five years. The building will have 469 beds and 12 additional hemodialysis stations. It will accommodate 20,000 more emergency visits and see a 74% increase in MRI diagnostic capability.

NHF supports patient care at Niagara Health’s hospitals. In F2023, NHF reports that doctors performed 2,331 heart investigation procedures, 1,468 joint replacements, and delivered 3,343 babies. NHF also breaks down the patients it cares for. In F2023, NHF had 3,189 intensive care patients, 25,209 mental health patients, 1,906 children’s care patients, and 75,486 cancer care patients.

NHF also funds research at Niagara Health’s hospitals. Some of the research focuses are Cardiology, Emergency Medicine, Oncology, Pediatrics and Surgery. Niagara Health Foundation does not report specific details on this research.

Niagara Health Foundation had donations of $17.4m in F2023. This is a 106% increase from the $8.5m donations received in F2022. Administrative costs are 7% of revenues (less investment income) and fundraising costs are 9% of donations. For every dollar donated, 84 cents are available to the cause. This is within Ci’s reasonable range for overhead spending. NHF has $38.4m in reserve funds. The charity’s reserve funds can cover eight years and five months of granting.

NHF’s funding reserves earned investment income of $428k in F2023. This represents an annual return on investment of 2%. The average annual return on investment for the past three years is 8%.

Niagara Health Foundation reports that it has $14.7m in grant commitments. $5.9m of these commitments are for the purchase of equipment for various Niagara Health System sites. $7.9m is for the purchase of an additional MRI. NHF has also committed payments of $795k for the next two years relating to the It’s Our Time campaign. NHF has committed to fundraising a minimum of $40m to support the construction of a new hospital in South Niagara. In F2023, the charity raised $11.7m and has pledges receivable of $37.3m towards this commitment.

Profile updated on June 19, 2024 by Abby Stout.