Saanich Peninsula Hospital 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.
C+
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.
82%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 82 cents are available for programs.
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OVERVIEW
About Saanich Peninsula Hospital Foundation:
Founded in 1985, Saanich Peninsula Hospital Foundation (SPHF) raises funds to support the health of the Saanich Peninsula and Southern Gulf Island communities in British Columbia. SPHF grants to Saanich Peninsula Hospital (SPH) and Shoreline Medical Society. In F2020, SPHF grouped its funding into four main areas: equipment, Shoreline Medical Society, garden fund, and palliative care.
In F2020, SPHF allocated 36% of total grants to capital equipment purchases. This included $685k for operating rooms, $506k for ECU renovations, $45k for acute care, and $33k for emergency rooms. The Foundation reports that it funded eight renovations and hundreds of pieces of equipment in F2020.
SPHF allocated 33% of total grants to Shoreline Medical Society in F2020. In F2020, Shoreline Medical opened the second primary care centre in Brentwood, BC. The centres have a combined team of 16 family physicians. Additionally, Shoreline Medical’s walk-in clinics provide 17,500 patient visits each year.
In F2020, SPHF allocated 11% of total grants to the garden fund for SPH. The Foundation donated six raised garden bed boxes, which allowed 16 residents to tend to plants in F2020.
SPHF allocated 6% of total grants to palliative care in F2020. In F2020, the Foundation reported that $25,000 was provided to the Palliative Care and Long-Term Care Units for end-of-life courses at SPH.
The remaining 14% of total grants went towards various initiatives, including doctor of the day awards, community healthcare, education, the physician lounge, music therapy, day surgery, and acute care.
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Results and Impact
In F2016, Saanich Peninsula Hospital Foundation surveyed 166 people. Of the 166 respondents, 156 (94%) reported they believe SPHF positively impacts the lives of Saanich Peninsula residents.
While Charity Intelligence highlights these key results, they may not be a complete representation of Saanich Peninsula Hospital Foundation’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
The Saanich Peninsula Hospital Foundation received $4.6m in donations and special events revenue in F2021. Administrative costs are 8% of revenues (less investment income) and fundraising costs are 10% of donations. This results in total overhead spending of 18%. For every dollar donated, 82 cents go to the cause, which is within Ci’s reasonable range for overhead spending. Saanich Peninsula Hospital Foundation had one of the lowest overhead costs of any Canadian hospital foundation in F2021.
SPHF has $18.2m in funding reserves, of which $3.2m is donor endowed. Excluding donor-endowed funds, SPHF could grant at the same level for almost three years and ten months with reserves.
Charity Intelligence sent an update of this report to Saanich Peninsula Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on June 6, 2022 by Sydney Olexa.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 8.3% | 15.4% | 8.4% |
| Fundraising costs as % of donations | 9.6% | 21.4% | 9.8% |
| Total overhead spending | 17.9% | 36.8% | 18.3% |
| Program cost coverage (%) | 463.6% | 382.0% | 447.4% |
Summary Financial StatementsAll figures in $s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 4,471,887 | 2,598,706 | 4,923,632 |
| Goods in kind | 5,840 | 4,500 | 20,900 |
| Special events | 114,076 | 150,543 | 132,158 |
| Investment income | 1,914,842 | (309,733) | 607,245 |
| Other income | 0 | 23,970 | 28,289 |
| Total revenues | 6,505,645 | 2,467,986 | 5,712,224 |
| Program costs | 63,524 | 72,566 | 84,117 |
| Grants | 3,349,812 | 3,515,638 | 3,265,075 |
| Administrative costs | 379,837 | 428,371 | 429,907 |
| Fundraising costs | 440,764 | 587,389 | 497,212 |
| Total spending | 4,233,937 | 4,603,964 | 4,276,311 |
| Cash flow from operations | 2,271,708 | (2,135,978) | 1,435,913 |
| Capital spending | 18,067 | 4,492 | 12,673 |
| Funding reserves | 18,247,942 | 15,853,077 | 17,040,680 |
Note: Ci consistently reports donations and special fundraising events revenue before fundraising costs. This adjusts Saanich Foundation's numbers: donations, fundraising events, and fundraising costs go up by $164k in F2021, $253k in F2020, and $262k in F2019. SPFH allocates all of its amortization costs to its admin costs, as reported in Schedule of Expenses in its audited financial statement. SPFH's amortization charges are $10.8k in F2021, $32.4k in F2020, and $37.2k in F2019. SPFH's admin costs are therefore lower than it reports. SPFH's other revenues include $2k increase in cash surrender values and $22k in rental income in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
0 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2020
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Comments & Contact
Comments added by the Charity:
Charity Contact
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