Children's Hospital Foundation of Manitoba

533A, 715 McDermot Ave. 5th floor,
Winnipeg, MB R3E 1M6
President & CEO: Stefano Grande
Board Chair: Zoë Richardson

Charitable Reg. #:11885 2490 RR0001


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

[Charity Rating: 3/5]



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) 66 cents are available for programs.

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About Children's Hospital Foundation of Manitoba:

Founded in 1971, Children’s Hospital Foundation of Manitoba (CHFM) raises funds to improve children’s health and advance research on pediatric diseases. It mainly funds Health Science Centre Winnipeg Children’s Hospital (HSC Children’s Hospital) and the Children's Hospital Research Institute of Manitoba (CHRIM). It reports that HSC Children’s Hospital treats around 120,000 children each year.

Children’s Hospital Foundation of Manitoba funds two main programs through its grants. These include Hospital Equipment and Programs, as well as Learning and Research.

Hospital Equipment and Programs represented 51% of grants in F2020. In F2020, the charity reports that HSC Children’s Hospital received more than 78,800 clinical visits, 30,000 emergency visits, and 9,200 admissions. During the year, the hospital also performed more than 37,000 diagnostic procedures and 4,700 surgeries. CHFM funds a variety of equipment purchases and building projects at HSC Children’s Hospital. In 2020, it raised funds to buy nine new ventilators for covid-19 patients. CHFM also helped to open a new catheterization lab in March 2020 and a new heart centre in March 2021. It plans to open a fluoroscopy lab in late 2021, which will serve an estimated 6,000 children each year.

Learning and Research represented 49% of grants. In F2020, CHRIM researchers led 13 national and international studies to understand the effects of covid-19 on children. For instance, Dr. Lauren Kelly co-led two major clinical trials during the year: the Canadian Treatments for Covid-19 (CATCO) trial and the Canadian arm of the WHO Solidarity trial. Dr. Terry Klassen also led an international study across 57 sites to investigate the prevalence of covid-19 among asymptomatic children. In total, CHFM helped to fund 270 CHRIM researchers in F2020.

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Results and Impact

CHFM reports that research efforts at CHRIM have led to a drop in mortality rates among babies with Persistent Pulmonary Hypertension of the Newborn (PPHN). PPHN is a fatal disease that results in sudden oxygen deficiency, affecting between one and six of every 1,000 newborn babies. CHFM states that its research has helped to decrease PPHN mortality rates from 40% to 10–25% over a 15-year period.

While Ci highlights these key results, they may not be a complete representation of Children’s Hospital Foundation of Manitoba’s results and impact. This charity is not yet rated on impact (n/r).

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CHFM consolidates its financial statements between the charity, the Children's Hospital Research Institute of Manitoba, and the Children’s Hospital Book Market. Ci has therefore consolidated the three in this analysis.

Children’s Hospital Foundation of Manitoba received donations of $9.0m in F2020. It also received $453k in government wage subsidies during the year. Administrative costs are 10% of revenues (less investment income) and fundraising costs are 23% of donations. This results in total overhead spending of 34%. For every dollar donated to the charity, 66 cents go to the cause. This is within Ci’s reasonable range for overhead spending. CHFM was previously outside of this range in F2019. However, its fundraising costs decreased by 15% in F2020, resulting in a lower fundraising ratio.

CHFM has funding reserves of $38.3m, of which $5.5m is donor-endowed. Excluding donor-endowed funds, the charity can cover around 4.6 years of annual grant costs. Its funding reserves contributed $3.1m in investment income in F2020, at an estimated rate of return of 10% ($3.7m at a rate of return of 13% in F2019). Over the last eight years, Ci estimates that CHFM’s investment returns have averaged 8%.

Children’s Hospital Foundation of Manitoba does not report related party transactions. It states that it has funding commitments of $2.1m in 2021, $443k in 2022, and $400k in 2023. This funding will support child health programs at HSC Children’s Hospital, research projects at external institutions, and the construction of a new fluoroscopy lab.

According to its most recent filing with the Charities Directorate in F2019, CHFM uses external fundraisers. In F2019, it paid $43k to external fundraisers and does not report how much they raised. This is a mandatory filing.

Charity Intelligence has sent this update to Children’s Hospital Foundation of Manitoba for review. Changes and edits may be forthcoming.

Updated on July 26, 2021 by Eric Zhao.

Financial Review

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 10.1%10.1%8.0%
Fundraising costs as % of donations 23.4%26.4%20.3%
Total overhead spending 33.6%36.5%28.3%
Program cost coverage (%) 461.0%413.9%326.4%

Summary Financial Statements

All figures in $000s
Donations 8,9609,37011,123
Government funding 45300
Lotteries (net) 683381380
Investment income 3,1243,673(1,559)
Other income 9881,001692
Total revenues 14,20714,42410,635
Grants 7,3957,5698,711
Donor-designated donations 185817
Administrative costs 1,1211,083978
Fundraising costs 2,1002,4742,259
Total spending 10,63511,18411,964
Cash flow from operations 3,5733,241(1,329)
Capital spending 14129753
Funding reserves 38,32835,37032,265

Note: To report on a cash basis, Ci adjusted grants by changes in grants payable. This affected expenses by ($921k) in F2020, ($1.3m) in F2019, and $2.3m in F2018. According to its financial notes, CHFM reported government wage subsidies as other income. Ci reclassified the amounts as government funding.

Salary Information

Full-time staff: 22

Avg. compensation: $57,395

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 F2019

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 204-787-4400


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Charitable Registration Number: 80340 7956 RR0001