800, 11012 MacLeod Trail SE
Calgary, AB T2J 6A5
President & CEO: Mike Meldrum
Board Chair: Sandy Edmonstone

Charitable Reg. #:89383 4697 RR0001

STAR RATING

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

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✔+

FINANCIAL TRANSPARENCY

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

C

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.

23%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 23 cents are available for programs.



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OVERVIEW

About Calgary Health Foundation:

Founded in 1996, Calgary Health Foundation (CHF) is the fundraising arm and a controlled division of Alberta Health Services (AHS) in Calgary. In F2021, it changed its name from Calgary Health Trust. CHF raises funds for equipment, research, and patient programs at hospitals and health centres in the Calgary area. It grants directly to AHS, which distributes funding across Foothills Medical Centre, Peter Lougheed Centre, Rockyview General Hospital, Sheldon M. Chumir Health Centre, South Health Campus, and 12 Carewest long-term care sites. It also funds research projects at institutions outside of AHS, such as the University of Calgary.

In F2021, Calgary Health Foundation granted $19.3m in cash and $524k in goods in kind for Care, Wellness, and Research programs. This included $16.6m to Alberta Health Services (84%) and $3.2m to the University of Calgary and other recipients (16%). CHF does not provide a program spending breakdown of its grants.  

Care: CHF raises funds for new equipment and renovations in Calgary hospitals. According to its most recent annual report in 2018, its grants helped to buy ten hemodialysis chairs and build a new neonatal intensive care unit during the year. Calgary Health Foundation also funded the creation of South Health Campus’ pediatric emergency care centre, which can receive up to 14,500 patients each year.

Wellness: CHF funds a variety of patient care and mental health programs. It funds the Pregnancy and Infant Loss Program at Foothills Medical Centre to support families experiencing a miscarriage or other birth complications. The program serves more than 1,500 people each year through grief support, counselling, and memorial services. CHF’s Close to Home Campaign helps to improve the quality of life for senior patients by funding music therapy, recreational activities, and comforting spaces. The campaign has funded a gardening program for 30 senior residents at Carewest George Boyack.

Research: Calgary Health Foundation provides grants for health research at AHS hospitals and the University of Calgary. In F2021, CHF helped to fund the Canadian arm of the WHO Solidarity trial on covid-19 treatments. It reported that 225 covid-19 patients enrolled in trials across four Calgary hospitals during the year.

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Results and Impact

CHF's new website has its impact reports for 2019, 2020 and 2021 posted here. These reports were not available at the time of this update. CHF's results reporting will be updated. 

In F2021, Calgary Health Foundation helped to fund Text 4 Hope, an automated service that sends daily positive messages to boost mental health during the pandemic. According to research by Dr. Vincent Agyapong, around 85% of surveyed users initially reported moderate to high stress and 40% were at risk for clinical depression. After three months, stress rates fell by 5% and depression levels fell by 10% among users. The service currently has more than 52,000 users.

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

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Finances

Calgary Health Foundation received $8.1m in cash donations and special events revenue in F2021. It also received $524k in donated goods and $432k in government funding, which consisted of $22k in cash grants and $410k in donated rent from Alberta Health Services. Administrative costs are 3% of revenues (less investment income) and fundraising costs are 74% of donations and special events revenue. This results in total overhead spending of 77%. For every dollar donated to the charity, 23 cents go to the cause. This is outside of Ci’s reasonable range for overhead spending, which has been the case for the past three years.

CHF has funding reserves of $170.2m, of which $22.9m is donor-endowed. Excluding donor-endowed funds, its funding reserves can cover 7.9 years of annual grant costs. Calgary Health Foundation's funding reserves contributed $17.5m in investment income in F2021, at an estimated rate of return of 23% (compared to an investment loss of $2.2m at a return of -3% in F2020). Over the last ten years, Ci estimates that its investment returns have averaged 7%.

Calgary Health Foundation discloses related party transactions. It received $420k of its government funding from AHS in F2021 ($12k from unrelated government sources). During the year, it gave out $10.6m in grants and $6.0m in unpaid grant amounts from prior years to AHS ($3.2m in grants and unpaid amounts to unrelated grant recipients). In F2021, CHF also bought two homes worth $5.2m as lottery prizes from a firm with a senior executive on CHF’s board. It has committed to future home purchases of $9.2m for lotteries in 2022 and $2.7m for lotteries in 2023.

According to its most recent CRA filing in F2020, CHF uses external fundraisers. It paid $2.9m to raise $29.3m in F2020, at a cost of $0.10 per dollar raised. CHF uses external fundraisers to raise a substantial portion of its lottery revenues. Its gross lottery revenues were $29.2m in F2020, while its donations and event revenues were only $14.1m.

Charity Intelligence has sent this update to Calgary Health Foundation for review. Changes and edits may be forthcoming.

Updated on August 3, 2021 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending March
202120202019
Administrative costs as % of revenues 2.9%2.0%2.1%
Fundraising costs as % of donations 74.4%40.5%48.5%
Total overhead spending 77.3%42.5%50.5%
Program cost coverage (%) 810.5%796.2%1,083.1%

Summary Financial Statements

All figures in $000s
202120202019
Donations 7,71812,3648,957
Goods in kind 524173256
Government funding 4322,4322,374
Lotteries (net) 13,82911,30211,403
Special events 3821,7161,475
Investment income 17,469(2,234)5,286
Total revenues 40,35325,75129,751
Grants 19,31716,88812,614
Donated goods exp 524173256
Administrative costs 657553502
Fundraising costs 6,0275,7045,055
Total spending 26,52523,31718,427
Cash flow from operations 13,8292,43411,324
Capital spending 000
Funding reserves 170,177148,526146,987

Note: CHF receives a significant amount of deferred revenue, which consists of both deferred fundraising and deferred lottery revenues ($8.6m in F2021, ($323k) in F2020, and ($2.0m) in F2019). Since the charity does not separate between the two deferred funding sources, Ci was unable to adjust for deferred donations. Ci reported gifts in kind separately and removed the amounts from donations and grants. Ci included unrealized gains (losses) in investment income, affecting revenues by $14.2m in F2021, ($6.6m) in F2020, and $878k in F2019. Ci reported investment income net of investment management fees, affecting revenues and expenses by ($247k) in F2021, ($230k) in F2020, and ($197k) in F2019. Ci reported lotteries net of expenses, affecting revenues and expenses by ($18.4m) in F2021, ($17.9m) in F2020, and ($17.1m) in F2019. To report on a cash basis, Ci adjusted grants by changes in both accounts payable to Alberta Health Services and disbursements payable to grant recipients. This affected expenses by $5.7m in F2021, ($4.6m) in F2020, and ($922k) in F2019.

Salary Information

Full-time staff: 29

Avg. compensation: $96,426

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.calgaryhealthfoundation.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-943-0615

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Charitable Registration Number: 80340 7956 RR0001