VGH and UBC Hospital Foundation

190-855 West 12th Avenue
Vancouver, BC V5Z 1M9
President & CEO: Barbara Grantham
Board Chair: Christina Anthony

Charitable Reg. #:13217 3063 RR0001


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

Unlock Charity Ratings



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



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



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


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



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.

You may also like:

Peace Arch Hospital Foundation
Quality health care. Close to home.
Health - Hospital Foundation
White Rock, BC

My anchor


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, and 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 that 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.

My anchor


VGH & UBC Foundation is a Major 100 charity with donations of $57.5m in F2018. Its administrative costs are 12% of revenues (excluding investment income), and its fundraising costs are 4% of donations. 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 program costs using its existing reserves. While 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 program cost coverage calculations, affecting the program cost coverage ratio.

This charity profile is an update that has been sent to VGH & UBC Foundation for review, changes and edits may be forthcoming.

Updated May 29, 2019 by Parker Thomlinson.

Financial Review

Financial Ratios

Fiscal 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 Statements

All figures in $000s
Donations 57,47361,66336,374
Government funding 08,0000
Lotteries (net) 5,7145,9004,456
Business activities (net) 2,0662,1022,085
Investment income 7,21618,0872,031
Other income 4,1225,1814,646
Total revenues 76,592100,93349,593
Grants 41,91655,20735,762
Administrative costs 7,9658,3097,189
Fundraising costs 2,2262,2131,971
Cash flow from operations 24,48535,2044,671
Funding reserves 286,857265,952228,762

Note: Lottery income has been reported net of expenses, affecting both revenues and expenses by ($16.6m) in F2018, ($16m) in F2017, and by ($15.3m) in F2016. Ci has also included unrealized investment gain (loss) in revenue, affecting revenues by ($1.7m) in F2018, $3.7m in F2017, and by ($12.2m) in F2016. In F2017, gain on sale of prize home was excluded from revenue. This affected revenue by ($285k). An adjustment was made to grants reflecting the change to due to Vancouver Coastal Health authority year over year. In F2018, this decreased spending by $1m, in F2017, by $1.1m, and in F2016, spending was increased by $710k. Amortization was backed out of administration costs decreasing admin costs by $264k in 2018, $245k in 2017, and $141k in 2016. 

Salary Information

Full-time staff: 56

Avg. Compensation $105,048

Top 10 staff salary range

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2018

My anchor

Comments & Contact

Comments added by the Charity:

VGH & UBC Hospital Foundation is committed to ensuring that Canadians have access to correct information to help them make informed choices.

We have included some additional context on some of the information presented by Charity Intelligence and would be pleased to respond directly to any inquiries on our financial information. Please email using the Subject Line: Financial Information Request.

Analysis of “Funding Reserves” as defined by Charity Intelligence:The Charity Intelligence metrics of “Funding Reserves” and “Program Cost Coverage (%)” implicitly assume that all cash and investments are freely available for use and do not account for the needs of VGH & UBC Hospital Foundation to continue raising funds in support of health care. The below reconciliations, made using VGH & UBC Hospital Foundation’s Audited Financial Statements, more appropriately demonstrate coverage ratios for Operating Expense Coverage and Program Cost Coverage for the years 2018, 2017 and 2016.

Lastly, Charity Intelligence states that VGH & UBC Hospital Foundation “does not disclose total endowment funds restricted by donors”. In fact, VGH & UBC Hospital Foundation does disclose the amounts of Endowment, Specific Purpose and General Fund in its Audited Financial Statements which can be viewed at: