VGH and UBC Hospital Foundation
Vancouver, BC V5Z 1M9
President & CEO: Barbara Grantham
Board Chair: Christina Anthony
Charitable Reg. #: 13217 3063 RR0001
Grade: CThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #56
Avg. Compensation $105,048
Top 10 Staff Salary Range
|$300k - $350k||1|
|$250k - $300k||1|
|$200k - $250k||1|
|$160k - $200k||2|
|$120k - $160k||5|
|$80k - $120k||0|
|$40k - $80k||0|
About VGH and UBC Hospital Foundation:
Founded 1980, in Vancouver, the VGH & UBC Foundation raises money on behalf of the Vancouver Coastal Health Research Institute, the University of British Columbia Hospital, the Vancouver General Hospital, the GF Strong Rehab Centre, and Vancouver Community Health Services. VGH & UBC Foundation’s mission is to harness the power of philanthropy to significantly improve specialized health care and research for British Columbians. In F2018, VGH & UBC Foundation granted $42m. 47% of this funding went to equipment and capital projects, 29% to research, 20% to patient care and other, 4% to education. Throughout F2018, Vancouver General Hospital (VGH) and UBC Hospital performed 30,000 surgeries and serviced 60% of adult trauma cases in British Columbia.
VGH & UBC Foundation reported in 2018 demolition began to prepare for the OR (operating room) renewal project at VGH. In addition, the Complex Medical Activation Unit opened at UBC Hospital. This unit cares for patients recovering from conditions that require extra support. In 2019, the charity highlights they will begin the VGH OR Renewal. This project consists of building 16 new ORs, a 40-bed perioperative care unit and supporting infrastructure. This project is set to open in 2021.
VGH & UBC Foundation is a Major 100 charity with donations of $57.5m in F2018. Its administrative costs are 11.5% of revenues, and its fundraising costs are 3.9% of donations. This means for every dollar donated, 85 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
The Foundation has $286.9m in total funding reserves, resulting in a program cost coverage ratio of 684%. This means that the charity can cover 6.8 years of its annual program costs using its existing reserves. While the UBC & VGH Foundation does maintain an endowment fund, it does not disclose the respective allocations of donor-endowed and internally-endowed funds. As a result, Ci assumed the endowment fund was entirely internally endowed in its calculations, affecting the program cost coverage ratio.
This charity profile is an update currently under review by VGH & UBC Foundation, changes and edits may be forthcoming.
Updated May 29, 2019 by Parker Thomlinson.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||11.5%||10.0%||15.1%|
|Fundraising costs as % of donations||3.9%||3.6%||5.4%|
|Program cost coverage (%)||684.4%||481.7%||639.7%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||2,066||2,102||2,085|
|Cash flow from operations||24,485||35,204||4,671|