TB Vets Charitable Foundation is a 2-star charity. TB Vets has a C Results Reporting grade, which is below average. For every dollar donated to the charity, 34 cents are available to go to the cause, which is outside Ci's reasonable range.

Founded in 1946, TB Vets Charitable Foundation (TB Vets, TBV) provides funding to help British Columbians who suffer from respiratory emergencies and illnesses. The charity mainly provides grants to buy new equipment and fund medical research. Globally, tuberculosis (TB) is one of the top ten leading causes of death by a single infectious agent and is most prevalent in developing countries.

TB Vets provides grants for three main programs: Respiratory Equipment, Research, and Recreation Therapy. In F2023, TB Vets spent $808k on its grants.

Respiratory equipment represented 80% ($646k) of grant spending in F2023. TB Vets provides funds to various hospitals in BC to purchase critical medical equipment. These include adult ventilators, newborn ventilators, airway imaging tools, and portable ventilators for transporting patients. Each of these tools aids patients who are unable to breathe independently. In F2023, TB Vets sent grants to 21 hospital foundations to purchase respiratory equipment. TBV’s three largest grants were $67k to Surrey Hospital Foundation to purchase a Platinum Elite Patient in Box, $55k to BC Women’s Health Foundation to purchase a Drager/Babylog VN500 ventilator, and $50k to Langley Memorial Hospital Foundation to purchase 11 27” Emergency Carts.

Research grants were 13% ($90k) of spending in F2023. TB Vets funds innovative research to improve health and quality of life for patients with respiratory diseases. In F2023, TBV sent grants to two hospital foundations and universities. In F2023 TBV sent $50k to UBC Hospital Foundation for Dr. Av-Gay’s research on TB and $40k to Royal Columbian Hospital for Dr. Reynald’s lung research.

Recreation Therapy represented 5% ($41k) of program spending. Recreation therapy helps maintain the physical and mental well-being of patients with lung illnesses. TBV sends grants to VGH/UBC Hospital Foundation to provide recreational therapy to TB patients. The grants are part of a five-year commitment, from 2022-2026. Over the five years, TBV will send $233k to the hospital foundation.

The remaining 2% ($31k) of spending went toward Education.

TB Vets does not use activity-based costing. Ci allocated expense line items to program, fundraising, and administrative costs as it best fit.

TB Vets Charitable Foundation received $1.6m in donations in F2023. TBV spent $815k on grants and program support, which is 41% of revenue. The charity recorded a surplus of $76k, which is 4% of revenue.

Administrative costs are 34% of revenue (less investment income). Fundraising costs are 32% of donations. For every dollar donated to the charity, 34 cents are available to go to the cause, which is well outside Ci’s reasonable range for overhead spending. Ci’s reasonable range is between 65 and 95 cents.

TB Vets has $2.7m in reserve funds (cash and investments), of which $1.5m is donor endowed. Excluding donor-endowed funds, the charity’s reserves can cover 160%, or one year and seven months of its annual program costs.

This charity report is an update that has been sent to TB Vets for review. Changes and edits may be forthcoming.

Updated on June 7, 2024 by Liam Chapleau.