St. Paul's Hospital Foundation of Vancouver
Vancouver, BC V6Z 1Y6
CEO: Dick Vollet
Treasurer: Chris Fisher
Charitable Reg. #: 11925 7939 RR0001
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #26
Avg. Compensation $94,474
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||2|
|$40k - $80k||5|
About St. Paul's Hospital Foundation of Vancouver:
Established in 1980, St. Paul’s Hospital Foundation raises funds for St. Paul’s Hospital, which serves more than 400k patients annually. The hospital specializes in heart and lung disease, HIV/AIDS, mental illness, and renal disease. The hospital is operated under Providence Health Care, a care provider that operates seven facilities in Vancouver, British Columbia.
In F2015, the foundation raised $24.2m and granted $12.4m to the hospital: 50% was spent on research, 31% on education, 17% on equipment, 1% on enhancing patient care, and 1% on capital projects. In F2015, the foundation has $81m in funding reserves, $75m of which are invested in bonds and equity. $35m or 46% of $75m investments are in equity and mutual funds.
In F2015, St. Paul’s Hospital Foundation spent 4% of revenues on administrative costs and 11% of donations on fundraising costs. Total overhead costs of 15% fall within Ci's reasonable range. The charity had funding reserves of $81m, including donor-endowed funds of $13m. Total funding reserves can cover annual grants for 6.5 years or 5.7 years excluding donor-endowed funds.
Analysis updated by Ruoxi Gao in 2016, currently under review by St. Paul’s Hospital Foundation.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||3.7%||3.2%||3.2%|
|Fundraising costs as % of donations||10.8%||11.5%||10.7%|
|Program cost coverage (%)||650.9%||607.9%||975.1%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||13,495||11,749||10,016|