University Hospital Foundation

Room 1H1.91, WMC, 8440 – 112 Street, N.W.
Edmonton, AB T6G 2B7
President: Joyce Mallman
Board Chair: Robert Bessette

Website: www.universityhospitalfoundation.ab.ca
Charitable Reg. #: 88900 3240 RR0001

Sector: Health - Hospital Foundation

Public Foundation

Charity Rating

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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 for current and previous years available on the charity's website [ 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 #33

Avg. Compensation $75,949

Top 10 Staff Salary Range

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

Information from most recent CRA Charities Directorate filings for F2015

About University Hospital Foundation:

Founded in 1962, University Hospital Foundation (UHF) raises funds to support the University of Alberta Hospital, the Mazankowski Alberta Heart Institute and the Kaye Edmonton Clinic. UHF aims to advance the health of Albertans by using generosity to save and change lives. The funds are used to enhance patient care, support research, and train and educate healthcare professionals. University Hospital Foundation reports that its fundraising priorities for the University of Alberta Hospital include funds for trauma care, cardiac care, brain care, and organ and tissue transplant.

In F2015, UHF reports that it funded the creation of the Gamma Knife and 3T MRI Centre at the University of Alberta Hospital to advance brain care. UHF also funded the first stroke ambulance in Canada, aiming to reduce the wait times for stroke patients, therefore decreasing their chance of suffering from permanent disability. The Foundation has also supported medical research, contributing $5 million in seed grants to 250 peer-reviewed research projects over the last 10 years. UHF also funded the purchase of a new Fibroscan for the Gastroenterology program at the University of Alberta Hospital. This allows up to 40 patients to be scanned a day, helping to diagnose liver disease before liver failure.

Financial Review:

University Hospital Foundation is a large charity, with donations and special events revenues of $15.4m in F2015. Its administrative costs are 8% of revenues and its fundraising costs are 29% of donations. For every $1 donated to the charity, 63 cents is put towards its programs, falling within Ci’s reasonable range. The charity’s funding reserves of $129.8m include $12.4m in donor-endowed funds. This results in a high program cost coverage ratio, excluding donor-endowed funds, of 1,013%. This means that it can cover 10.1 years of its annual programs using its existing reserves.

This charity report is an update that is being reviewed by University Hospital Foundation. Changes and edits may be forthcoming.

Updated on August 12, 2016 by Lynn Tay.

Financial Ratios Fiscal year ending March	2015	2014	2013
Administrative costs as % of revenues	8.0%	8.0%	4.8%
Fundraising costs as % of donations	28.8%	32.4%	15.5%
Program cost coverage (%)	1,062.7%	932.3%	1,089.2%

Summary Financial Statements All figures in $000s	2015	2014	2013
Donations	12,968	10,397	21,282
Lotteries (net)	2,554	2,261	1,850
Special events	2,415	3,502	3,569
Investment income	12,524	14,023	7,483
Total revenues	30,461	30,183	34,184
Grants	12,214	12,589	9,683
Administrative costs	1,425	1,294	1,273
Fundraising costs	4,429	4,508	3,856
Cash flow from operations	12,392	11,792	19,373
Funding reserves	129,797	117,367	105,460

Note: Ci has adjusted lottery expenses affecting revenues by ($5.8m) in F2015, by ($5.2m) in F2014, and by ($4.5m) in F2013. Ci has adjusted amortization of equipment and lottery costs affecting expenses by ($5.8m) in F2015, by ($5.3m) in F2014, and by ($4.6m) in F2013.

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