Royal Columbian Hospital Foundation

330 E Columbia Street
New Westminster, BC V3L 3W7
President & CEO: Jeff Norris
Board Chair: Doug Eveneshen

Charitable Reg. #:11912 8866 RR0001

STAR RATING

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

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FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

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.

79%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 79 cents are available for programs.



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Programs

About Royal Columbian Hospital Foundation:

Founded in 1978, Royal Columbian Hospital Foundation (RCHF) raises money to fund major capital projects, equipment purchases, and research at Royal Columbian Hospital in New Westminster, British Columbia. The foundation reports that 1 in 3 British Columbians rely on the hospital for care. Royal Columbian Hospital is one of more than 13 hospitals and healthcare centres which operate under the Fraser Health Authority.

In 2019, RCHF purchased equipment including an upgrade to breast imaging technology, 13 flexible scopes for diagnosing bladder problems, three neonatal ventilators, and two transport monitors capable of defibrillating patients if their heart stops. The foundation is funding research working to lessen the damaging effects of mechanical ventilation for patients unable to breathe on their own, examining the effect of having a surgeon lead a trauma treatment team, and improving technology to measure bleeding in the brain.

Royal Columbian Hospital is set to undergo a $1.4 billion multi-phase building expansion. The mental health expansion (2020) will include a 75-bed mental health and substance use centre. The acute care tower (2024) will increase the hospital’s total beds from 446 to 675. The final phase (2026) will expand capacity in areas including medical imaging, laboratories, pediatrics, food services, and administration.

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Finances

Royal Columbian Hospital Foundation is a large charity with donations of $10.8m in F2019. Donations grew 150% from F2017 to F2019. Administrative and fundraising costs are 21% of revenues less investment income. For every dollar donated, 80 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

RCHF has $24.9m in funding reserves, of which $1.5m is donor-endowed. Excluding endowed funds, the foundation could grant at the F2019 level for 6.6 years using reserves.

In F2017, RCHF received $2.2m from the Fraser Health Authority. This money had been previously granted by the foundation but had gone unspent by the health authority.

This charity report is an update that has been sent to Royal Columbian Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on July 11, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending March
201920182017
Fundraising & admin costs as % of revenues 20.5%23.0%23.0%
Program cost coverage (%) 684.5%289.1%897.9%

Summary Financial Statements

All figures in $000s
201920182017
Donations 10,8057,2184,320
Lotteries (net) 736152
Business activities (net) 700710777
Investment income 6846301,730
Other income 762882,286
Total revenues 12,3388,9079,166
Grants 3,6456,4042,016
Fundraising & administrative costs 2,3911,9031,712
Cash flow from operations 6,3026005,438
Capital spending 000
Funding reserves 24,94818,51418,102

Note: Ci has included contributions from Fraser Health Authority, affecting revenues by $2.2m in F2017. Lottery and business revenue are presented gross where the foundation's financial statements do not specify related expenses.  Ci has adjusted for change in grants payable to Fraser Health Authority, affecting expenses by ($321k) in F2019, $3.4m in F2018, and ($3.3m) in F2017.

Salary Information

Full-time staff: 12

Avg. Compensation $98,984

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
0
$120k - $160k
1
$80k - $120k
3
$40k - $80k
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.rchfoundation.com
This email address is being protected from spambots. You need JavaScript enabled to view it.

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