VGH & UBC Hospital Foundation
Vancouver, BC V5Z 1M9
President & CEO: Barbara Grantham
Board Chair: David McLean
Charitable Reg. #: 13217 3063 RR0001
Social Results Reporting
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Program Cost Coverage
Full-time staff #52
Avg. Compensation $102,052
Top 10 Staff Salary Range
|$300k - $350k||1|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||2|
|$120k - $160k||3|
|$80k - $120k||3|
|$40k - $80k||0|
About VGH & UBC Hospital Foundation:
Founded in 1980, the 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 Foundation has supported a number of equipment purchases including Western Canada's first surgical robot. It has also established an educational bursary for nurses, supported the construction of a number of clinical and research centres, and has endowed chairs in multiple sclerosis research and breast reconstruction surgery.
The UBC & VGH Foundation's administrative costs were 14% of revenues and fundraising costs were 3% of donations. The Foundation has reserves of $189.4m, which cover annual program costs 8.4 times. Included in reserves are $65.1m in restricted funds. Ci was unable to determine what fraction of these restricted funds are donor endowed, and therefore the full amount was included in program cost coverage calculations.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||13.5%||15.9%||14.6%|
|Fundraising costs as % of donations||3.4%||3.6%||2.1%|
|Program cost coverage (%)||835.0%||698.3%||470.2%|
Summary Financial StatementsAll figures in $000s
|Fees for service||0||0||2,100|
|Business activities (net)||1,783||1,579||1,449|
|Cash flow from operations||26,222||15,897||10,702|