Royal Victoria Hospital Foundation

687 Pine Ave. West, Room A1.07
Montreal, QC H3A 1A1
President & CEO: Paulannie Jushkevich
Board Chair: Richard C. Pattee

Website: www.royalvic.com
Charitable Reg. #: 11892 1659 RR0001
Sector: Health - Hospital Foundation
Public Foundation

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.

Financial Transparency

Audited financial statements available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Program Cost Coverage

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #17

Avg. Compensation $71,690

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 0
$80k - $120k 2
$40k - $80k 7
< $40k 0
Information from most recent CRA Charities Directorate filings for F2012

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.

Financial Review:

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 Ratios

Fiscal year ending March
201220112010
Fundraising & admin costs as % of revenues 14.5%30.8%31.3%
Program cost coverage (%) 148.0%446.1%442.7%

Summary Financial Statements

All figures in $000s
201220112010
Donations 11,4535,1334,763
Special events 68380656
Investment income 3,2073,7562,911
Total revenues 14,7289,2698,330
Grants 29,2819,3899,638
Fundraising & administrative costs 1,6731,6961,694
Other costs 281295280
Cash flow from operations (16,507)(2,111)(3,282)
Funding reserves 43,34941,88042,668
Note: Ci reported fundraising revenue gross of related expenses, increasing both revenue and expenses by $17k in F2012, $91k in F2011, and $47k in F2010.

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