Alberta Children's Hospital Foundation

2888 Shaganappi Trail NW
Calgary, AB T3B 6A9
President & CEO: Saifa Koonar
Board Chair: Karen Radford

Website: www.childrenshospital.ab.ca
Charitable Reg. #: 13037 3244 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: B

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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #36

Avg. Compensation $99,067

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 1
$250k - $300k 0
$200k - $250k 0
$160k - $200k 2
$120k - $160k 7
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Alberta Children's Hospital Foundation:

Founded in 1957, Alberta Children's Hospital Foundation is the official fundraising body for the Alberta Children’s Hospital in Calgary. It has a mission to inspire Canadians to invest in the hospital’s programs in child health, research, and family-centred care. The hospital provides care for 90,000 children each year.

The Alberta Children's Hospital is a national leader in highly complex, minimally invasive surgery, including endoscopic brain surgery. It is recognized nationally for its high success rates in survival and low rates of graft versus host disease, a potentially debilitating or fatal complication of blood and marrow transplants (BMT). BMT offers some children with high-risk or recurrent leukemia, brain tumours, and recurrent Hodgkin's disease the best chance for survival.

In F2017, the Foundation granted a total of $22.8m to the Alberta Children’s Hospital for research (55% of total grants), clinical care (26%), the childhood cancer centre (9%), family-centred care (7%), and education and other (3%).

Grants from Alberta Children’s Hospital Foundation helped the hospital to become the first children’s hospital in western Canada with a 3T MRI in 2012, which provides high-definition images, enabling specialists to examine anatomical chemistry and function. Since acquiring this technology, 4,000 children went through the MRI for diagnostic purposes and 1,275 children for research projects. Over 140 researchers have used the 3T MRI for their research studies. The machine has helped find new treatments for concussions, answers for depression and a better understanding of chronic pain. As per the F2017 Spring Newsletter, the Foundation is currently planning on buying a second 3T MRI machine.

Alberta Children’s Hospital Foundation supports programs in brain health and funded the building of a new research lab in F2015. The lab is 10,000 square feet and has enough room to support 74 researchers. The hospital also introduced 3 new foundation-funded programs that aim to increase mental health knowledge, understanding, and early intervention for children. In F2015, more than 1,500 teachers and staff learned how to integrate mental health literacy into curriculums of grade nine and ten classrooms in Calgary. Another 4,000 elementary and junior high school teachers took the hospital’s online course addressing mental health issues relevant to younger students in the community. A first-in-Canada mental health conference was held and had 75 healthcare professionals participate.

Financial Review:

Alberta Children’s Hospital Foundation is a Major-100 charity with $25.0m in donations in F2017. Administrative costs were 11% of revenues and fundraising costs were 16% of donations. For every $1 donated, 73 cents went to the cause. This falls within Charity Intelligence’s reasonable range for overhead spending.

The Foundation has funding reserves of $211.9m of which, $73.9m are donor-endowed. Excluding donor-endowed funds, Alberta Children’s Hospital Foundation can cover annual grants 7.2 times.

The average salary of the Foundation’s full-time staff was $99k in F2017. Donations per full-time staff were $775k. As such, for every $1 paid to staff, $7.82 was raised in donations.

This charity report is an update that is currently being reviewed by Alberta Children’s Hospital Foundation. Changes and edits may be forthcoming.

Updated on July 7, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending March
201720162015
Administrative costs as % of revenues 11.2%10.5%3.8%
Fundraising costs as % of donations 16.0%14.8%15.3%
Program cost coverage (%) 927.7%722.4%704.2%

Summary Financial Statements

All figures in $000s
201720162015
Donations 24,99226,52338,913
Goods in kind 1,2711,3781,385
Investment income 10,34412,0599,124
Total revenues 36,60739,96049,422
Grants 22,84627,55928,990
Administrative costs 2,9342,9291,546
Fundraising costs 4,0023,9245,944
Cash flow from operations 6,8255,54812,942
Funding reserves 211,947199,073204,145
Note: Ci included all goods in kind received by the Foundation, increasing revenues by $1.2m in F2017, $1.3m in F2016, and $1.3m in F2015. Ci adjusted administrative expenses for amortization, reducing administrative costs by $110k in F2017, $106k in F2016, and $70k in F2015.

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