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Calgary Health Trust

800, 11012 MacLeod Trail SE
Calgary, AB T2J 6A5
President & CEO: Chris Eagle
Board Chair: Bill Sembo

Website: www.calgaryhealthtrust.ca
Charitable Reg. #: 89383 4697 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: C

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #42

Avg. Compensation $89,088

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 2
$120k - $160k 2
$80k - $120k 4
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About Calgary Health Trust:

Established in 1996, Calgary Health Trust (CHT) is the fundraising arm of Alberta Health Services in Calgary. CHT is a controlled division of Alberta Health Services. Calgary Health Trust raises funds toward renovation and equipment, research, and programs at hospitals and health care centres in the Calgary area. These organizations include Foothills Medical Centre, Peter Lougheed Centre, Rockyview General Hospital, South Health Campus, and 12 Carewest care centres. CHT aims to inspire people in Calgary to transform Alberta’s health care.

In F2017, Calgary Health Trust granted $8.3m: $7.1m to the Alberta Health Services, $3.3m to the University of Calgary, $178k to the Prostate Cancer Foundation, $45k to Alberta Bone & Joint Health Institute and $412k to other organizations. $2.7m was returned to Calgary Health Trust from previously-funded programs that were not completed or completed at less than quoted prices, or programs that no longer existed but the recipient was holding residual dollars. CHT’s grants are down 48% from $15.8m in F2016 and 65% from $23.8m in F2015.

Calgary Health Trust spent 42% of grants on capital projects and equipment. The number of births increased approximately 8% between 2011 and 2016 in the Calgary area, and around 12% of births in Alberta require intensive neonatal care. In F2017, a new neonatal intensive care unit (NICU), including two six-bed care rooms, opened, tripling the hospital’s NICU space to 1,200 square metres. The number of patients living near Peter Lougheed Centre needing hemodialysis increased 49% since 2011. In F2017, CHT purchased ten new hemodialysis chairs. In its F2017 annual report CHT reports opening a new gastroenterology suite at Rockyview General Hospital.

In F2017, Calgary Health Trust spent 38% of grants on research, 12% on programs and education, and 8% on other institutions. CHT reports that Peter Lougheed Centre has over 6400 vascular patients annually and is one of the largest vascular health programs in Canada.

Results and Impact: Calgary Health Trust reports that twenty years ago, patients with heart attacks had a 15% mortality rate within 30 days. Due to the foundation’s equipment purchases, this mortality rate is now 4%.

Financial Review:

Calgary Health Trust is a Large charity with $15.1m in donations and special events revenue in F2017. Its administrative costs are 2% of revenues. Its fundraising costs are 42% of donations, down from 62% in F2016 and 61% in F2015. For every dollar donated to the charity, 57 cents go to the cause, falling outside Ci's reasonable range for overhead spending. CHT has funding reserves of $119.0m, including $22.1m of donor-endowed funds. Excluding donor-endowed funds, its funding reserves can cover over 13.5 years of program costs, up from 5.7 years in F2016 due to reduced grants. This ratio does not show a need for funding.

CHT used external fundraisers in F2017. The charity paid $1.5m to raise $25.7m from external fundraisers for a cost of 6 cents per dollar raised. It appears that the external fundraisers help operate the lottery, which took in $24.4m in revenues at a cost of $17.2m for a cost of 71 cents per dollar raised.

This charity report is an update that has been sent to Calgary Health Trust for review. Changes and edits may be forthcoming.

Updated on June 20, 2018 by Joeyanne Cheung.

Financial Ratios

Fiscal year ending March
201720162015
Administrative costs as % of revenues 1.7%2.7%1.6%
Fundraising costs as % of donations 41.8%62.4%61.2%
Program cost coverage (%) 1,441.3%664.7%427.6%

Summary Financial Statements

All figures in $000s
201720162015
Donations 11,3436,4467,885
Government funding 115443
Fees for service 4,4022,4133,716
Lotteries (net) 7,1768,4240
Special events 3,7535,34329,269
Investment income 2,8978,7953,368
Total revenues 29,68631,46544,241
Grants 8,25415,77223,749
Administrative costs 467612662
Fundraising costs 6,3027,35622,728
Cash flow from operations 14,6627,725(2,899)
Funding reserves 118,969104,841101,545
Note: Investment management and custodial fees have been deducted from investment income, reducing revenue by $223k in F2017, $205k in F2016, and $228k in F2015. In F2015, the Calgary Health Trust reported data on lotteries and events together. With no revenue breakdown, Ci considered all revenue from lotteries and events as revenue from events. With no cost breakdown, Ci lumped all costs for lotteries and events as fundraising costs.  In F2017, Calgary Health Trust improved its financial disclosure by separating lotteries and events revenues and expenses. With revenue and cost breakdown, Ci separated events and lotteries in F2016 and F2017.

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