Royal Victoria Hospital Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
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.
74%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 74 cents are available for programs.
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OVERVIEW
About Royal Victoria Hospital Foundation:
Founded in 1973, the Royal Victoria Hospital Foundation (RVHF) 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 April 2015, the McGill University Health Centre Foundation and the Royal Victoria Hospital Foundation formed a partnership where they will consolidate their resources, website, social reporting, share a common board of directors, and have a single president overseeing the activities of both Foundations. Because of the new consolidated reporting, Charity Intelligence did not update the Donor Accountability grade and will no longer be updating the profiles of either foundation. Charity Intelligence will report on the consolidated performance of both foundations in 2018.
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Finances
Royal Victoria Hospital Foundation is a big-cap charity with donations and special events revenues of $7.4m in F2016. Its administrative and fundraising costs are 26% of revenues. For every dollar donated, 74 cents go towards RVHF’s programs, falling within Ci’s reasonable range. The foundation has net funding reserves of $54.2m, resulting in a program cost coverage ratio of 538%. This means that RVHF can cover 5.4 years of its annual program costs using its existing reserves.
This charity profile is an update currently under review by Royal Victoria Hospital Foundation. Changes and edits may be forthcoming.
Updated July 20, 2017 by Kevin Silberberg.
Financial Review
Fiscal year ending March
|
2016 | 2015 | 2014 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 26.3% | 19.9% | 17.7% |
| Program cost coverage (%) | 538.1% | 591.3% | 655.2% |
Summary Financial StatementsAll figures in $000s |
2016 | 2015 | 2014 |
|---|---|---|---|
| Donations | 7,370 | 10,346 | 11,065 |
| Special events | 72 | 116 | 59 |
| Investment income | 341 | 9,116 | 9,093 |
| Other income | 235 | 466 | 6 |
| Total revenues | 8,018 | 20,043 | 20,224 |
| Grants | 10,072 | 9,806 | 7,513 |
| Fundraising & administrative costs | 2,017 | 2,178 | 1,968 |
| Other costs | 333 | 296 | 292 |
| Cash flow from operations | (4,404) | 7,763 | 10,451 |
| Funding reserves | 54,191 | 57,988 | 49,219 |
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
3 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2016
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Comments & Contact
Comments added by the Charity:
Charity Contact
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