Children’s Hospital Foundation of Manitoba is a 2-star charity that is financially transparent. It has a C+ results reporting grade that is below average. For every dollar donated to the charity, 66 cents go to the cause. This is within Ci’s reasonable range for overhead spending. 

Founded in 1971, Children’s Hospital Foundation of Manitoba (CHFM) raises money for children’s health and research. It mainly funds the Health Science Centre Winnipeg Children’s Hospital (HSC Children’s Hospital) and the Children's Hospital Research Institute of Manitoba (CHRIM). The funds support health research, life-saving equipment, and programs to comfort sick children. The Foundation reports raising more than $165m since opening to help sick children. It reports that HSC Children’s Hospital provides care to more than 140,000 children annually.

Children’s Hospital Foundation of Manitoba runs the $75m Better Futures campaign. It focuses on upgrading facilities, funding pediatric research, and implementing innovative programs. Specifically, it enhances Children’s Emergency with specialized equipment and renovated spaces.

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. The foundation does not provide a spending breakdown on its programs.

Hospital Equipment and Programs represent 19% of grants in F2023. In F2023, the foundation reports that HSC Hospital received more than 82,000 clinical visits, 50,000 emergency visits, and 11,350 admissions. During the year, the hospital performed more than 4,800 surgeries. The Foundation reports that visits to Children’s Emergency have increased by 25% in 2022. Funding for programs and equipment is crucial for children's hospital care, providing support, safety, and life-saving tools. Child Life Programs offer fun activities to distract and entertain kids during their hospital stay. These include Children’s Hospital TV (CHTV), playrooms, music therapy, and library programs. In F2023, CHFM reports 1,836 playroom visits, 5,200 library cart visits to patient rooms, and 545 prizes given out on CHTV. Upgrades to infrastructure are essential for meeting demand and maintaining quality. In F2023, HSC Hospital received new equipment, such as a jaundice meter and Babyleo incubators, and renovated the Child Protection Center.

Learning and Research represent 81% of grants in F2023. In F2023, more than 350 researchers are involved in over $22m of clinical trials and research at CHRIM in F2023. With more than 3,600 families enrolled in research studies, these cover over 25 areas of focus, including diabetes, mental health, autism, and pediatric cancer. In November 2022, CHRIM launched PRIME, a new research theme aiming to improve mental health through eHealth innovation, reducing wait times, expanding access, and lowering costs, especially in rural areas.

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.

In 2021, Children’s Hospital Foundation of Manitoba changed its year-end from December to March. As a result, its 2022 audited financial statements are for the 15 months from January 1, 2021 to March 31, 2022. There are no financial statements available for F2021. Figures for 2022 are not comparable.

Children’s Hospital Foundation of Manitoba received donations of $10.9m in F2023. In F2023, administrative costs are 9% of revenues (less investment income) and fundraising costs are 25% of donations. This results in total overhead spending of 34%. For every dollar donated to the charity, 66 cents are available to go to the cause. This is within Ci’s reasonable range of 65 to 95 cents for overhead spending. In F2023, CHFM spent $7.3m on grants, which is 54% of total revenue.

In F2023, Children’s Hospital Foundation of Manitoba had a surplus of $2.4m, which is 17% of revenues. CHFM has funding reserves of $43.9m, of which $6.1m is donor-endowed. Excluding donor endowed funds, the charity can cover around 5 years and five months of annual grants with its current reserves. CHFM’s funding reserves earned investment income of $855k in F2023, at an estimated rate of return of 2% ($2.4m at a rate of return of 13% in F2022). Over the last eight years, Ci estimates that CHFM’s investment returns have averaged 8%. In note 12, CHFM states that it has funding commitments of $1.1m in 2024, $801k in 2025, and $732k in 2026. This funding will support the Child Health Program and various external research grants through CHRIM.

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

Updated on June 11, 2024 by Alexia Tudose.