Royal Victoria Hospital Foundation
Montreal, QC H3A 1A1
President & CEO: Paulannie Jushkevich
Board Chair: Richard C. Pattee
Charitable Reg. #: 11892 1659 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 #17
Avg. Compensation $71,690
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||0|
|$80k - $120k||2|
|$40k - $80k||7|
About Royal Victoria Hospital Foundation:
Founded in 1973, the Royal Victoria Hospital Foundation raises, manages and stewards funds primarily in support of the McGill University Health Centre (MUHC)’s Royal Victoria Hospital in Montreal. The Foundation helps fund programs, projects, and healthcare professionals for the advancement of patient care, research, and medical education.
In F2012, grants increased from $10m to $29m in preparation for the opening of a new location. The Foundation is currently working alongside 5 sister foundations to support the construction of the Glen Site, which the Royal Victoria Hospital and two other MUHC institutions will move to in 2015. The new location measures 2.4 million sq. ft. and will host a Research Institute and new Comprehensive Cancer Centre in addition to the 3 MUHC institutions.
Fundraising and administrative costs together are 15% of revenue. The Foundation has funding reserves of $43m (including $71m in donor-endowed funds), which cover annual program costs 1.5 times. Excluding the long-term portion of its mortgage, the Foundation can cover its annual program costs 2.8 times. Other costs consist of investment management fees.
Financial RatiosFiscal year ending March
|Fundraising & admin costs as % of revenues||14.5%||30.8%||31.3%|
|Program cost coverage (%)||148.0%||446.1%||442.7%|
Summary Financial StatementsAll figures in $000s
|Fundraising & administrative costs||1,673||1,696||1,694|
|Cash flow from operations||(16,507)||(2,111)||(3,282)|