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Royal Victoria Hospital Foundation

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

Website: www.royalvic.com
Charitable Reg. #: 11892 1659 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

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¢
2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

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

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.

Financial Review:

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 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

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