University of Ottawa Heart Institute Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
D+
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
90%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 90 cents are available for programs.
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OVERVIEW
About University of Ottawa Heart Institute Foundation:
University of Ottawa Heart Institute Foundation is a 2-star charity. It is financially transparent, but has below average reporting on the results of its grants. It also has large funding reserves of $69.6m that can cover granting at the F2021 level for almost ten years. Before you give, read Charity Intelligence’s report.
University of Ottawa Heart Institute Foundation (UOHIF) raises money to fund building projects, equipment purchases, research, programs, and patient education at University of Ottawa Heart Institute. In F2021, UOHIF granted $7.0m to University of Ottawa Heart Institute. University of Ottawa Heart Institute reports that it cares for over 100,000 patients per year.
In F2021, the majority of grant funding went toward research. In F2018, the institute had 298 active clinical trials with researchers working to improve treatments and eventually eliminate heart disease. They also had 62 research group leaders, which included four-newly recruited scientists.
Other grants went toward capital projects & infrastructure and patient programs. In F2021, renovations of the original Heart Institute building were completed. This was the largest expansion in the institute’s history.
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Results and Impact
In 2004, University of Ottawa Heart Institute began the STEMI Program. When patients show symptoms of a serious STEMI (ST-segment elevation myocardial infarction) heart attack, hospitals in the Ottawa region follow set steps to administer initial treatment and transfer the patient to the institute. The protocol has reduced heart attack deaths in the Ottawa region by 50%.
In 2021, The Heart Institute began Surgical Telehome Monitoring in response to covid-19 to help avoid infections and hospital readmission. UOHIF provided funds that allowed the hospital to purchase specialized equipment such as tablets, scales, blood pressure monitors, oxygen monitors, heart rate monitors, and thermometers. Patients brought this equipment home and used it to monitor themselves after surgery. Over 77,000 diagnostic tests were administered, an increase of 39%. This initiative allowed the institute to double the number of cardiac care visits it had with other patients.
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Finances
University of Ottawa Heart Institute Foundation received $25.6m in donations in F2021. The charity also received $13.4m in investment income, representing 34% of total revenues in F2021. Fundraising costs are 6% of donations and administrative costs are 4% of revenues. For each dollar donated, 90 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
UOHIF has $69.6m in funding reserves which could cover granting at the F2021 level for almost 10 years or 4.3 years using average granting levels over the past three years. While UOHIF does maintain an endowment fund, Ci has been unable to identify the respective allocations of donor-endowed and funds internally endowed by the board. As a result, all endowed funds are included in the calculation of the program cost coverage ratio.
This charity report is an update that has been sent to University of Ottawa Heart Institute Foundation for review. Changes and edits may be forthcoming.
Updated August 3, 2022 by Emily Downing.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 3.9% | 6.7% | 7.4% |
Fundraising costs as % of donations | 6.4% | 15.6% | 15.7% |
Total overhead spending | 10.3% | 22.4% | 23.1% |
Program cost coverage (%) | 996.7% | 192.1% | 526.3% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 25,609 | 14,768 | 13,563 |
Goods in kind | 452 | 50 | 71 |
Government funding | 240 | 0 | 0 |
Investment income | 13,371 | (2,496) | 2,689 |
Total revenues | 39,672 | 12,322 | 16,323 |
Grants | 6,978 | 27,866 | 13,210 |
Administrative costs | 1,014 | 995 | 1,006 |
Fundraising costs | 1,641 | 2,310 | 2,127 |
Total spending | 9,633 | 31,171 | 16,343 |
Cash flow from operations | 30,038 | (18,848) | (20) |
Capital spending | 0 | 0 | 0 |
Funding reserves | 69,553 | 53,520 | 69,526 |
Note: Charity intelligence has included in-kind donations, affecting revenues by $452k in F2021, $50K in F2020, and $71k in F219. Ci recorded unrealized gain (loss) on interest rate swap as investment income.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
5 |
$40k - $80k |
3 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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