BC Cancer 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.
B
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.
69%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 69 cents are available for programs.
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Programs
About BC Cancer Foundation:
Founded in 1935, BC Cancer Foundation (BCCF) raises money for BC Cancer. BC Cancer runs six regional cancer centres in Abbotsford, Kelowna, Prince George, Surrey, Vancouver, and Victoria. These centres provide the full spectrum of cancer care to people living in BC, including prevention, diagnosis, treatment, and palliative care. BC Cancer also conducts cancer research. The Foundation’s grants fund research, major equipment purchases, and patient care. BCCF reports distributing $32.3m in grants to BC Cancer in F2020, which includes $1.3m in deferred grants to be paid in future years.
Research was 73% of grants in F2020. Funding goes to research on cancer prevention, genomics and personalized medicine, immunology, and nuclear medicine. The Personalized Onco-Genomics (POG) program is a precision medicine initiative that creates tailored treatment options for metastatic cancer patients using genomics. By reading a patient’s genome to find the cancer-driving genetic markers, doctors can better understand the root cause of the cancer and direct the patient to an appropriate targeted therapy clinical trial, if possible. As of August 2019, BCCF reports that 1,068 patients have consented to be enrolled in POG, and 84% of completed cases produced useful results that the doctor and patient could use in treatment planning. The Foundation also funds BC Cancer Genome Sciences Centre. The Centre uses genome sequencing and bioinformatics to prevent and diagnose cancer, as well as identify new therapeutic targets for treatment. It is part of BC Cancer, and is the first genome centre embedded within a cancer system. Since it was established in 1999, the Centre has worked on 850 research projects, sequenced 660,000 human genomes, and published nearly 1,300 peer-reviewed articles that have been cited over 95,000 times.
Equipment purchases were 24% of grants in F2020. This funded a second mass spectrometer for BC Cancer. This piece of equipment takes detailed measurements of protein molecules to help researchers understand how cancer cells grow and evade therapies. Prior to this purchase, research teams had to wait up to two years to use the single available spectrometer. A new PET/CT cancer was purchased for the BC Cancer Centre in Victoria, which will increase capacity to scan up to 20 more patients per week. The Vancouver Centre now has a new Fujifilm endoscopy unit with high-resolution cameras. This unit is the first of its kind in Canada.
The remaining 3% of grants in F2020 were for patient care.
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Results and Impact
In F2020, BC Cancer researchers discovered new information about how Hodgkin lymphoma cells can grow undetected in the body and how they interact with other cells in the tumour micro-environment. The findings, which have been published in Cancer Discovery, show that the body’s own immune cells hide these lymphoma cells, sometimes even forming a shield around them. Lymphoma cells hijack normal immune cells to turn them into cancer-supporting, immune-suppressing cells. This discovery will help doctors come up with better personalized treatment options for patients.
A clinical trial of Stereotactic Ablative Radiotherapy (SABR) technology co-led by BC Cancer researchers found that SABR may improve survival rates of patients with limited metastatic cancers. SABR technology delivers pinpoint, high dose radiation over a shorter time frame than traditional radiation therapy. SABR can vary the radiation dose from multiple angles. This reduces the dosage to healthy tissue and ultimately improves cure rates while reducing the risk of side effects. The findings have been published in The Lancet.
BC Cancer researchers have also created a new pancreatic cancer treatment after identifying a rare genetic trait in some patients that is potentially treatable with targeted therapy. The findings have been published in Clinical Cancer Research and are a promising breakthrough for precision medicine.
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Finances
BC Cancer Foundation is a Major 100 charity, one of Canada’s largest in terms of donations. It received $55.1m in donations and special events fundraising in F2020. Administrative costs are 7% of revenues (excluding investment income) and fundraising costs are 24% of donations and special events fundraising. For every dollar donated, 69 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Funding reserves of $166.1m include $52.0m in endowed funds. BCCF’s audited financial statements do not disclose how much of these funds are donor endowed. Including all endowed funds, the Foundation’s reserves can cover annual granting activities at current levels for 5.3 years.
BC Cancer Foundation reports using external fundraisers as part of its fundraising efforts in its most recent F2019 T3010 filing. In F2019, it paid $1.0m to external fundraisers that raised $2.7m. With an external fundraising ratio of 37%, BC Cancer Foundation received 63 cents of every dollar donated to external fundraisers.
This report is an update that has been sent to BC Cancer Foundation for review. Comments and edits may be forthcoming.
Updated on June 22, 2020 by Katie Khodawandi.
Financial Review
Fiscal year ending March
|
2020 | 2019 | 2018 |
---|---|---|---|
Administrative costs as % of revenues | 7.4% | 8.2% | 8.8% |
Fundraising costs as % of donations | 23.5% | 22.6% | 22.7% |
Total overhead spending | 30.9% | 30.8% | 31.6% |
Program cost coverage (%) | 532.3% | 571.0% | 550.9% |
Summary Financial StatementsAll figures in $000s |
2020 | 2019 | 2018 |
---|---|---|---|
Donations | 43,797 | 43,487 | 39,020 |
Government funding | 10,000 | 0 | 0 |
Special events | 11,332 | 12,661 | 10,722 |
Investment income | (5,453) | 5,514 | 4,011 |
Other income | 1,515 | 1,487 | 703 |
Total revenues | 61,191 | 63,149 | 54,456 |
Grants | 31,045 | 28,532 | 26,348 |
Administrative costs | 4,934 | 4,730 | 4,446 |
Fundraising costs | 12,944 | 12,688 | 11,310 |
Total spending | 48,923 | 45,950 | 42,104 |
Cash flow from operations | 12,268 | 17,199 | 12,352 |
Capital spending | 0 | (375) | (875) |
Funding reserves | 165,255 | 162,920 | 145,144 |
Note: To report on a cash basis, Ci adjusted grants for changes in accounts payable to BC Cancer, affecting total expenses by ($1.3m) in F2020, ($4.8m) in F2019, and $721k in F2018. Investment income includes unrealized losses, decreasing total revenue by $11.4m in F2020, $571k in F2019, and $778k in F2018. Ci removed amortization of $1k in F2019 and $3k in F2018 from administrative costs. F2019 T3010 CRA data was the most recent information available at the time this profile was updated.
Salary Information
$350k + |
1 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
2 |
$160k - $200k |
2 |
$120k - $160k |
4 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2019
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Comments & Contact
Comments added by the Charity:
Charity Contact
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