CHUS Foundation

530 10th Avenue South
Sherbrooke, QC J1G 2R9
President: Sophie Warren
Treasurer: Mario Iannuzzi

Website: www.fondationchus.org
Charitable Reg. #: 89730 2964 RR0001

Sector: Health - Hospital Foundation

Public Foundation

Charity Rating

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Results Reporting

Grade: C

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

Financial Transparency

Audited financial statements available only upon request [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2013	2014	2015

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #12

Avg. Compensation $60,852

Top 10 Staff Salary Range

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

Information from most recent CRA Charities Directorate filings for F2015

About CHUS Foundation:

Founded in 1977, CHUS Foundation raises funds to support CHUS (Centre Hospitalier Universitaire de Sherbrooke), the fourth largest hospital in Quebec. The CHUS Foundation serves about 1 million people each year and provides ultra-specialized care in cardiology, neurosurgery, medical and surgical oncology, and neonatology. Since its incorporation, the CHUS Foundation has given the hospital more than $55 million. In F2015, the foundation granted $7.0m to the hospital: 68% on equipment, 30% on research, and 2% other.

In F2015, the foundation spent $1.4m on a clinical simulation lab, $1.1m on a 3T MRI, $400k on percutaneous cardiac valve patients, $60k on an ultrasound ENT, $41k on ultrasound radiation oncology, and $40k on Pulmonary Fibrosis research.

Financial Review:

In F2015, CHUS Foundation spent 5% of revenues on administrative costs and 24% of donations on fundraising costs. Total overhead costs of 29% fall within Ci's reasonable range. The charity has funding reserves of $41m, which can cover annual programs and grants for 5.4 years.

Analysis updated by Ruoxi Gao in 2016, currently under review by CHUS Foundation.

Financial Ratios Fiscal year ending March	2015	2014	2013
Administrative costs as % of revenues	5.2%	4.4%	3.6%
Fundraising costs as % of donations	24.0%	20.5%	26.1%
Program cost coverage (%)	541.7%	318.1%	474.7%

Summary Financial Statements All figures in $000s	2015	2014	2013
Donations	6,212	8,577	6,362
Business activities (net)	3,482	3,715	3,156
Special events	2,645	1,328	493
Investment income	3,363	3,076	1,922
Total revenues	15,703	16,696	11,933
Program costs	546	585	422
Grants	7,043	10,782	6,741
Administrative costs	647	599	357
Fundraising costs	2,129	2,027	1,788
Cash flow from operations	5,337	2,703	2,626
Funding reserves	41,115	36,152	34,002

Note: Ci reported business revenue net of related expenses, reducing both revenue and expense by $2.7m in F2015, $2.6m in F2014, and $2.5m in F2013.

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