VGH and UBC Hospital Foundation
Vancouver, BC V5Z 1M9
President & CEO: Barbara Grantham
Board Chair: David Rowntree
Charitable Reg. #: 13217 3063 RR0001
Grade: CThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #58
Avg. Compensation $93,403
Top 10 Staff Salary Range
|$300k - $350k||1|
|$250k - $300k||0|
|$200k - $250k||2|
|$160k - $200k||1|
|$120k - $160k||6|
|$80k - $120k||0|
|$40k - $80k||0|
About VGH and UBC Hospital Foundation:
Founded in 1980, the VGH & UBC Foundation raises money on behalf of the University of British Columbia Hospital, the Vancouver General Hospital, the GF Strong Rehab Centre, the Vancouver Coastal Health Research Institute, and Vancouver Community Health Services. Funds are used to expand facilities, purchase equipment, and to support patient care, research, and education. The Foundation reports that every year more than 600,000 British Columbians access the affiliated hospitals and community health services. Since 1980, the Foundation has raised over $500m.
In recent years, the VGH & UBC Foundation has supported many equipment purchases including Western Canada’s first surgical robot. It has also established an educational bursary for nurses, supported the construction of many clinical and research centres, and has endowed chairs in multiple sclerosis research and breast reconstruction surgery.
In F2016, the VGH & UBC Foundation provided $35.1 million in funding. This funding was used to purchase $16.9 million of equipment including 19 long-term ventilators, 10 pieces of surgical equipment, 6 patient monitors, 5 dual-chamber pacemakers, and more. $17.2 million was used to fund research, education, and patient care. The remaining $1 million was granted to St Paul’s Hospital Foundation of Vancouver.
The VGH & UBC Foundation is a Major 100 charity with donations of $36.4m in F2016. Its administrative costs are 15% of revenues, and its fundraising costs are 5% of donations. For every dollar donated, 79 cents go towards the Foundation’s programs, falling within Ci’s reasonable range. The Foundation has $228.8m in total funding reserves, resulting in a program cost coverage ratio of 653%. This means that the charity can cover 6.5 years of its annual program costs using its existing reserves. While the UBC & VGH Foundation does maintain an endowment fund, it does not disclose the respective allocations of donor-endowed and internally-endowed funds. As a result, Ci assumed the endowment fund was entirely internally endowed in its calculations.
This charity profile is an update currently under review by VGH & UBC Foundation, changes and edits may be forthcoming.
Updated July 5, 2017 by Kevin Silberberg.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||15.1%||12.3%||13.5%|
|Fundraising costs as % of donations||5.4%||3.8%||3.4%|
|Program cost coverage (%)||652.6%||956.9%||836.9%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||2,085||1,861||1,783|
|Cash flow from operations||5,380||40,588||33,567|