Royal Victoria Hospital Foundation

687 Pine Ave. West, Room A1.07
Montreal, QC H3A 1A1
President & CEO: Paulannie Jushkevich
Board Chair: Richard C. Pattee

Charitable Reg. #:11892 1659 RR0001

STAR RATING

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

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FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

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.

74%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 74 cents are available for programs.

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My anchor

Programs

About Royal Victoria Hospital Foundation:

Founded in 1973, the Royal Victoria Hospital Foundation (RVHF) raises, manages and stewards funds primarily in support of the McGill University Health Centre (MUHC)’s Royal Victoria Hospital in Montreal. The Foundation helps fund programs, projects, and healthcare professionals for the advancement of patient care, research, and medical education.

In April 2015, the McGill University Health Centre Foundation and the Royal Victoria Hospital Foundation formed a partnership where they will consolidate their resources, website, social reporting, share a common board of directors, and have a single president overseeing the activities of both Foundations. Because of the new consolidated reporting, Charity Intelligence did not update the Donor Accountability grade and will no longer be updating the profiles of either foundation. Charity Intelligence will report on the consolidated performance of both foundations in 2018.

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Finances

Royal Victoria Hospital Foundation is a big-cap charity with donations and special events revenues of $7.4m in F2016. Its administrative and fundraising costs are 26% of revenues. For every dollar donated, 74 cents go towards RVHF’s programs, falling within Ci’s reasonable range. The foundation has net funding reserves of $54.2m, resulting in a program cost coverage ratio of 538%. This means that RVHF can cover 5.4 years of its annual program costs using its existing reserves.

This charity profile is an update currently under review by Royal Victoria Hospital Foundation. Changes and edits may be forthcoming.

Updated July 20, 2017 by Kevin Silberberg.

Financial Review


Financial Ratios

Fiscal year ending March
201620152014
Fundraising & admin costs as % of revenues 26.3%19.9%17.7%
Program cost coverage (%) 538.1%591.4%655.2%

Summary Financial Statements

All figures in $000s
201620152014
Donations 7,37010,34611,065
Special events 7211659
Investment income 3419,1169,093
Other income 2354666
Total revenues 8,01820,04320,224
Grants 10,0729,8067,513
Fundraising & administrative costs 2,0172,1781,968
Other costs 333296292
Cash flow from operations (4,404)7,76310,451
Funding reserves 54,19157,98849,219

Salary Information

Full-time staff: 22

Avg. Compensation $63,676

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
1
$120k - $160k
1
$80k - $120k
3
$40k - $80k
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2016

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Comments & Contact

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Charity Contact

Website: www.royalvic.com
This email address is being protected from spambots. You need JavaScript enabled to view it.

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