Jim Pattison Children's Hospital Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B
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.
78%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 78 cents are available for programs.
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Programs
About Jim Pattison Children's Hospital Foundation:
Children’s Hospital Foundation of Saskatchewan (CHFS) was founded in 1992, in Saskatoon, to raise funds for the enhancement of children’s healthcare and a new children’s hospital. On May 30, 2017, Jim Pattison donated $50m to CHFS. In honour of this donation, the foundation and new hospital were renamed after him as Jim Pattison Children’s Hospital Foundation (JPCHF) and Jim Pattison Children’s Hospital. In F2018, 80% of foundation grants went to the construction of Jim Pattison Children’s Hospital, 13% to equipment and technology, 5% to research and education, and 2% to patient care.
Jim Pattison Children’s Hospital Foundation’s primary campaign is to raise $75m to build a new children’s hospital. They have been raising funds since 2011 and began building the hospital on September 25, 2014. As of April 2018, construction was 83% complete and the hospital is set to open in the fall of 2019. JPCHF reports that, once completed, Jim Pattison Children’s Hospital will see more than 21,000 young patients a year in pediatric emergency alone. In addition, there will be space for over 6,000 pregnant women every year and 4,000 children each year who need overnight stays.
In F2018, Jim Pattison Children’s Hospital Foundation helped fund equipment, and research and education unrelated to the Jim Pattison Children’s Hospital. JPCHF purchased 16 maternal equipment pieces needed for other medical centres. Moreover, JPCHF provided funding for six research projects in Saskatchewan as well as the funding for three pediatric fellowships.
The foundation has been granted permission from Canada Revenue Agency to accumulate funds of up to $70m from August 1, 2004 to July 31, 2019 for the purpose of constructing the Children's Hospital of Saskatchewan.
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Finances
Jim Pattison Children’s Hospital Foundation is a large-sized charity with $9.5m in donations and special events revenue in F2018. Investment income contributed an additional $1.5m in revenues. Administrative costs were 8% of revenues (excluding investment income) and fundraising costs were 14% of donations and special events fundraising. As such, for every dollar donated, 78 cents go to the cause. This is within Charity Intelligence’s reasonable range for overhead spending.
Funding reserves were $80m in F2018. These funds can cover annual program costs for just under 10 months (excluding donor-endowed funds). It should be noted that Jim Pattison Children’s Hospital Foundation is in an extraordinary capital campaign as it raises money for the new hospital.
This charity report is an update that has been sent to Jim Pattison’s Children Hospital Foundation for review. Changes and edits may be forthcoming.
Updated June 18, 2019 by Parker Thomlinson.
Financial Review
Fiscal year ending July
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 7.5% | 2.9% | 4.7% |
| Fundraising costs as % of donations | 14.5% | 5.8% | 11.9% |
| Program cost coverage (%) | 910.3% | 4,772.9% | 2,763.6% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 921 | 877 | 965 |
| Special events | 8,543 | 20,253 | 10,558 |
| Investment income | 1,527 | 1,481 | 1,351 |
| Total revenues | 10,992 | 22,610 | 12,874 |
| Grants | 8,740 | 1,649 | 2,178 |
| Administrative costs | 709 | 620 | 543 |
| Fundraising costs | 1,367 | 1,223 | 1,373 |
| Cash flow from operations | 175 | 19,119 | 8,781 |
| Funding reserves | 79,559 | 78,684 | 60,179 |
Note: Ci did not include cash surrender value of life insurance policies in investments, reducing investments by $533 in F2018, F2017, and F2016. Ci did not include any endowment funds within donor-endowed funding reserves because it was not specified whether endowment funds were externally or internally endowed. This would result in an increased program cost coverage year-over-year. The charity's audited financials do not allocate wages and benefits to administrative and fundraising activities. As such, Ci reported total wages and benefits in administrative costs ($359k in F2018, $346k in F2017, and $280k in F2016).
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
Founded in 1992, the Children’s Hospital Foundation of Saskatchewan is dedicated to raising funds for the enhancement of maternal and children’s healthcare and the Children’s Hospital of Saskatchewan, which is scheduled to open its doors in 2019.
Saskatchewan is currently one of only two provinces in Canada without a dedicated children’s hospital. In 2009, the Government of Saskatchewan committed $200 million for the new Children’s Hospital of Saskatchewan. With a booming population, the province announced an expansion of the planned children’s hospital to 176 beds in 2014 and increased its investment to $235.5 million. The Foundation’s capital campaign is committed to raising $75 million to ensure that the enhancements, equipment, and family-friendly pieces will be available to make this new provincial hospital a special place for kids, moms, and families. The new Children’s Hospital of Saskatchewan will feature the province’s first pediatric surgery suites, dedicated space for children fighting cancer, and will be home to Saskatchewan’s first pediatric sleep lab. It will have room to treat over 21,000 children in pediatric emergency and space to care for over 6,000 pregnant women per year. The Children’s Hospital of Saskatchewan will be home to the first state-of-the-art “Child Life Zone” in Canada, joining eleven others in the network across North America, including Dallas, Denver, New York, and Phoenix.
The Foundation also distributes approximately $1 million annually for current pediatric and maternal needs in Saskatchewan, supporting three key areas: research and education, equipment and technology, and patient care.
Charity Contact
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