VGH and UBC Hospital Foundation

190-855 West 12th Avenue
Vancouver, BC V5Z 1M9
President & CEO: Angela Chapman
Board Chair: Gary Segal

Charitable Reg. #:13217 3063 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.

76%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 76 cents are available for programs.



My anchor

Programs

About VGH and UBC Hospital Foundation:

Founded in 1980, VGH & UBC Hospital Foundation (VGH & UBC Foundation) is the fundraising arm of Vancouver Coastal Health. The Foundation receives and grants donations to Vancouver General Hospital (VGH), UBC Hospital, GF Strong Rehab Centre, Vancouver Coastal Health Research Institute (VCHRI), and Vancouver Community Health Services. VGH is one of the two accredited Level 1 Trauma Centres in BC. It is the largest hospital in BC. Half of its patients come from outside Metro Vancouver for advanced treatment available only at VGH. UBC Hospital specializes in non life-threatening emergencies and surgeries: urgent care, day surgery, diagnostic imaging, bladder care, brain research, sleep disorders, and neurology clinics.

VGH & UBC Hospital Foundation’s most recent annual report is for F2019. It reported granting $40.4 million to Vancouver Coastal Health, which includes $1.4 million in deferred grants to be paid in future years.

In F2019, VGH & UBC Foundation allocated 44% of grants to equipment purchases and capital projects. The Foundation is fundraising for a 3T MRI machine for VGH. 3T technology produces high resolution images that help doctors make more accurate diagnoses than other MRIs. VGH and UBC Hospital are responsible for 60% of BC’s adult trauma cases and perform 30,000 surgeries annually. The Foundation launched its $60 million Future of Surgery campaign in response to the need to upgrade the hospitals’ surgical facilities and reduce surgery wait times. The multi-year project started in 2016 and will cost $145 million in total. In 2016, a hybrid operating room, which has imaging equipment so that patients do not need to be transported to radiology, was built at VGH. In 2018, a Complex Activation Medical Unit (for acute care patients) opened at UBC Hospital. Two upgraded in-patient units, including an eight-bed high acuity unit, were completed at UBC Hospital in 2019.  Construction of 16 new operating rooms and a 40-bed pre- and post-op recovery unit at VGH started in 2019 and is expected to finish in 2021. Once this stage of the project is complete, the hospital plans to add 14 more operating rooms.

VGH & UBC Foundation allocated 29% of grants to research in F2019. Two new research chairs were established in the year – one for precision cancer drug medicine and one for breast reconstruction. The Foundation launched a COVID-19 Research fund in 2020 to support coronavirus research projects. The Foundation describes multiple projects currently receiving support. The CONCOR-1 clinical trial is testing the use of plasma from recovered COVID-19 patients as a treatment for current patients. The study involves 58 sites across Canada and may expand to the USA. The Foundation states that it is the largest trial for hospitalized patients worldwide.

VGH & UBC Foundation allocated 23% of grants to patient care in F2019. The Foundation states that VGH is the only hospital in BC for lung, liver, and pancreas transplants. In 2018, VGH performed 50% of all organ transplants in the province, including 50 double-lung transplants. VGH runs a unique Canine Scent Detection Program to identify and reduce cases of clostridium difficile (C. diff) in the hospital. From November 2016 to August 2019, detection dogs have searched 1,241 areas, raising alerts in 45% areas. C. diff is a superbug that cannot be treated with antibiotics. It is often seen in areas of the hospital where immunocompromised patients are treated, and can cause life-threatening inflammation in the large intestine. The remaining 4% of grants in F2019 were allocated to education programs.

My anchor

Results and Impact

VGH runs a specialized Neurocritical Care program to treat patients with brain injuries who require advanced monitoring and care. Before the program started, a patient’s odds of regaining full brain function after a traumatic brain injury were 37%. VGH & UBC Foundation states in its 2019 annual report that patients receiving treatment through this program now have a 60% recovery rate.

My anchor

Finances

VGH & UBC Hospital Foundation is a Major 100 charity, meaning it is one of Canada’s largest charities in terms of donations. It received $42.6m in donations in F2020, a 27% decrease from F2019. Donations include contributions from the Foundation’s directors and officers of $466k in F2020 ($1.8m in F2019, $1.5m in F2018). International donations are from the Washington-based Friends of VGH & UBC Hospital Foundation.

Administrative costs are 18% of total revenue (excluding investment income) and fundraising costs are 6% of donations (excluding donations from Foundation directors and officers). For every dollar donated, 76 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

VHG & UBC Hospital Foundation holds $304.2m in funding reserves. This includes a $84.7m endowment fund, but the Foundation’s audited financial statements do not separately report donor-endowed funds and internally-endowed funds. Total reserves can cover annual grants spending at the current level for 5.1 years.

This report is an update that has been sent to VGH & UBC Hospital Foundation for review. Comments and edits may be forthcoming.

Updated on July 15, 2020 by Katie Khodawandi.

Financial Review


Financial Ratios

Fiscal year ending March
202020192018
Administrative costs as % of revenues 18.1%12.3%11.5%
Fundraising costs as % of donations 5.9%4.7%4.1%
Total overhead spending 23.9%17.1%15.6%
Program cost coverage (%) 509.7%816.7%687.3%

Summary Financial Statements

All figures in $000s
202020192018
Donations 42,56458,51455,761
International donations 65101,038
Goods in kind 6481,002674
Lotteries (net) 6,9755,4045,714
Business activities (net) 1,7181,7182,066
Investment income 1,10212,3557,216
Other income 2,8633,9474,122
Total revenues 56,52082,94176,592
Grants 59,68338,99541,853
Donor-designated donations 2001763
Administrative costs 10,0118,7127,965
Fundraising costs 2,4682,6702,226
Total spending 72,36150,39452,106
Cash flow from operations (15,841)32,54724,485
Capital spending 120189373
Funding reserves 304,174318,486287,666

Note: Lotteries are reported net of direct expenses, reducing total revenues and expenses by $17.2m in F2020, $16.9m in F2019, and $16.6m in F2018. Unrealized gains (losses) on investments are included in investment income, affecting total revenue by ($8.9m) in F2020, $5.1m in F2019 and ($1.8m) in F2018. Donated assets are reported separate from regular donations in donated goods in kind. Other revenue has been adjusted to not include non-cash contra revenues associated with impairment and loss on sale of prize homes, increasing total revenue by $155k in F2020 and $181k in F2019. Other revenue includes fundraising recoveries of $1.9m in F2020, $2.5m in F2019 and $2.1m in F2018. Amortization of $279k in F2020, $293k in F2019, and $264k in F2018 has been removed from administrative costs. Grants have been adjusted for changes in amounts payable to Vancouver Coastal Health Authority, affecting total expenses by $1.5m in F2020, ($1.4m) in F2019, and ($1.0m) in F2018.

Salary Information

Full-time staff: 60

Avg. Compensation: $103,920

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2019

My anchor

Comments & Contact

Comments added by the Charity:

VGH & UBC Hospital Foundation is committed to ensuring that Canadians have access to correct information to help them make informed choices. We have included some additional context on some of the information presented by Charity Intelligence and would be pleased to respond directly to any inquiries on our financial information. Please email info@vghfoundation.ca using the Subject Line: Financial Information Request.

Analysis of “Funding Reserves” as defined by Charity Intelligence

The Charity Intelligence metrics of “Funding Reserves” and “Program Cost Coverage (%)” implicitly assume that all cash and investments are freely available for use and do not account for the needs of VGH & UBC Hospital Foundation to continue raising funds in support of health care.

The below reconciliations, made using VGH & UBC Hospital Foundation’s Audited Financial Statements, more appropriately demonstrate coverage ratios for Operating Expense Coverage and Program Cost Coverage for the years 2020, 2019 and 2018.

Lastly, Charity Intelligence states that VGH & UBC Hospital Foundation “does not disclose total endowment funds restricted by donors”. In fact, VGH & UBC Hospital Foundation does disclose the amounts of Endowment, Specific Purpose and General Fund in its Audited Financial Statements which can be viewed at: vghfoundation.ca/about/audited‐financials.

 

 

 

Charity Contact

Website: www.vghfoundation.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604 875 4676

Print