BC Children's Hospital Foundation

938 West 28th Avenue
Vancouver, BC V5Z 4H4
President & CEO: Teri Nicholas
Board Chair: Donald Lindsay

Charitable Reg. #:11885 2433 RR0001

STAR RATING

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

🔓
Unlock Charity Ratings

✔+

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.

67%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 67 cents are available for programs.



My anchor

Programs

About BC Children's Hospital Foundation:

Founded in 1982, BC Children’s Hospital Foundation (BCCHF) works to improve the quality of healthcare being provided to children by raising money for BC Children's Hospital, BC Children’s Hospital Research Institute, and Sunny Hill Health Centre for Children. BC Children’s Hospital is the province’s only hospital working exclusively with children and provides specialized care to 93,000 children every year. In F2018, BCCHF granted $77.6 million which was used to finance building projects, purchase updated equipment, and fund research.

Opened in October 2017, Teck Acute Care Centre is a 640,000 square foot addition to BC Children’s Hospital. The centre includes an expanded emergency department, eight operating rooms, a pediatric intensive care unit, a cancer floor, and 231 private patient rooms. As of F2018, the centre has seen more than 4,500 surgeries and 22,700 emergency department visits as of 2018.

BC Children’s Hospital Foundation works to conquer childhood diseases by funding research into prevention and improved treatment. More than 1,000 researchers work at BC Children’s Hospital Research Institute, 70% of whom also work to provide direct healthcare at the hospital itself. In F2018, BCCHF awarded 33 research grants. The funding is used to collect initial data, which makes it easier for researchers to receive further funding from external sources.

My anchor

Results and Impact

Children who are hospitalized for infection in Uganda are at risk for a complication called sepsis. Developed by researchers at BC Children’s Hospital, Smart Discharges includes an app and a kit of resources which assesses risk and educates families about caring for their recovering children. Since implementing the program in four hospitals, the rate of children dying from sepsis has fallen by 30%.

Recognizing that there are differences between treating children and adults, BC Children’s Hospital formed the first specialized Pediatric Spinal Surgical Team (PSST) in North America. Since its inception in 2010, the team has seen a 94% decrease in surgical site infections and a six-day reduction in the average hospital stay for a spinal surgery patient.

My anchor

Finances

BC Children’s Hospital Foundation received $62.4m in donations during F2018 making it one of Canada’s largest charities, a Major 100. Administrative costs are 8% of revenues less investment income, and fundraising costs are 25% of donations. For every $1 donated, 67 cents go to the cause which is within Ci’s reasonable range for overhead spending.

BCCHF has $335.0m in funding reserves, of which $102.2m is donor-endowed. Excluding donor-endowed funds, the foundation could grant at the F2018 level for 3.2 years using reserves.

The charity profile is an update that has been sent to BC Children’s Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on May 28, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending March
201820172016
Administrative costs as % of revenues 7.7%7.0%8.5%
Fundraising costs as % of donations 24.9%22.5%23.0%
Program cost coverage (%) 431.6%326.2%829.6%

Summary Financial Statements

All figures in $000s
201820172016
Donations 62,36764,74159,130
Goods in kind 778847371
Lotteries (net) 8,3368,3007,054
Investment income 18,90032,139334
Total revenues 90,381106,02766,889
Grants 77,631104,35043,421
Administrative costs 5,5145,1335,683
Fundraising costs 15,54714,59013,605
Total spending 98,692124,07362,709
Cash flow from operations (8,311)(18,046)4,180
Capital spending 3283(241)
Funding reserves 335,040340,343360,198

Note: Lottery revenues have been presented net of lottery expenses, affecting revenues and expenses by ($16.5m) in F2018, ($16.6m) in F2017, and ($15.6m) in F2016. In-kind donations have been removed from other donations and presented separately. Ci has included fair value adjustment on investments, affecting revenues by ($353k) in F2018, $20.6m in F2017, and ($13.8m) in F2016. Ci has adjusted for the change in grants payable to BC Children’s Hospital, affecting grants by $26.9m in F2018, $43.2m in F2018, and ($6.1m) in F2016. Amortization has been removed from administrative and fundraising costs pro-rata. Ci has removed loss on sale of capital assets, affecting expenses by ($36k) in F2016.

Salary Information

Full-time staff: 99

Avg. Compensation $108,977

Top 10 staff salary range

$350k +
1
$300k - $350k
0
$250k - $300k
0
$200k - $250k
4
$160k - $200k
2
$120k - $160k
3
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

My anchor

Comments & Contact

Comments added by the Charity:

Note from June 14, 2018 reflecting a previous version:

BC Children’s Hospital Foundation is currently developing a new website which is expected to go live by the end of the year.

The new site will provide clearer information which can be more easily accessed and understood.  This will include information about our specific fundraising objectives, activities and donor impact.

The Foundation is committed to ongoing open communications with all of our stakeholders.

 

The charity has provided these comments for a previous version.

Program Cost Coverage Ratio:

The foundation believes that program cost coverage should not include assets held in endowments since these funds are to be held in perpetuity for a specific purpose as designated by the original donor. The foundation also believes the amount included in program cost coverage should be further reduced by the amount of current liabilities. This would provide a more accurate reflection of funds available to cover program costs.

 

Charity Contact

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

Print