Alberta 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.
A-
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.
81%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 81 cents are available for programs.
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OVERVIEW
About Alberta Children's Hospital Foundation:
Alberta Children's Hospital Foundation is a three-star charity. It has an A- results reporting grade, which is above average. The charity has reserves that can cover over five years of annual program costs. For every dollar donated to the charity, 81 cents are available to go to the cause, which is within Ci's reasonable range.
Founded in 1957, Alberta Children’s Hospital Foundation (ACHF) is the fundraising arm for Alberta Children’s Hospital (ACH). The hospital cares for more than 100,000 children and families each year. Through its Child Health Grant Program, ACHF funds projects in four main areas. These include Research, Clinical Care, Family Centered Care, and Education. It granted a total of $43.8m in F2023.
Clinical Care represented 48% of grants in F2023. ACHF funds a variety of health services and life-saving care programs, including the hospital's Pediatric Critical Care Transport program, which sends emergency respondents to smaller hospitals by ambulance, plane, or helicopter. The charity funded the construction of The Summit, a youth mental health centre in F2023. The Summit provides a family walk-in service, individual and group therapy, and a day hospital for young people transitioning from a hospital back to their home. Since opening, The Summit received 853 visits from 620 patients. ACHF also funds a hospital at home where hospital staff provide care to patients in their own home. The Acute at Home program received 1,145 referrals and recorded 3,523 patient interactions in F2023.
Research represented 41% of grants in F2023. Alberta Children’s Hospital Foundation funds the Alberta Children’s Hospital Research Institute (ACHRI) at the University of Calgary. The charity reports that its funding supports 372 ACHRI members and 545 ACHRI trainees. There are 584 active clinical trials at the University of Calgary. The charity reports that ACHRI members published 1,753 new publications and 4,883 publication citations.
Family Centered Care represented 7% of grants in F2023. Alberta Children’s Hospital Foundation aims to offer health services that accommodate new families and young children. A subprogram provides computer devices and games for patients in the hospital. ACHF funding enabled the purchase of 29 new pieces of technology for that program in F2023. It also provided music therapy to 2,029 patients and horticultural therapy to 735 patients in F2023.
The remaining 4% of program spending went toward its Education program.
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Results and Impact
The charity reports it its funding that supported ACHRI members published 1,753 publications and received 4,883 publication citations.
ACHF funded research that studied how a specific mix of five probiotic supplements can reduce intestinal inflammation in preterm infants in F2023.
The charity also funded research that developed a global recommendation for the surveillance of education and employment of cancer survivors, so they do not fall behind their peers.
While Ci highlights these key results, they may not be a complete representation of Alberta Children’s Hospital Foundation’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
Alberta Children’s Hospital Foundation received $50.5m in donations in F2023. Administrative costs are 7% of revenue (excluding investment income), and fundraising costs are 12% of donations. This results in total overhead spending of 19%. For every dollar donated to the charity, 81 cents are available to go to the cause, which is within Ci’s reasonable range.
The charity has $296m in reserve funds, of which $79m is donor endowed. Excluding donor-endowed funds, the charity’s reserves can cover 545%, or five years and five months of its annual program costs.
ACHF states that it has committed $40.5m for hospital and research grants and $5.3m for capital projects over the next fiscal year.
Charity Intelligence has sent this update to Alberta Children’s Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on August 15, 2023 by Liam Chapleau.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 7.0% | 7.5% | 9.2% |
| Fundraising costs as % of donations | 11.8% | 9.9% | 9.3% |
| Total overhead spending | 18.7% | 17.4% | 18.5% |
| Program cost coverage (%) | 544.5% | 746.2% | 1,104.9% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 50,541 | 43,197 | 37,472 |
| Goods in kind | 88 | 23 | 2 |
| Investment income | (1,174) | 7,957 | 45,477 |
| Other income | (67) | 604 | 208 |
| Total revenues | 49,388 | 51,781 | 83,159 |
| Program costs | 0 | 0 | 0 |
| Grants | 43,756 | 33,549 | 22,992 |
| Administrative costs | 3,513 | 3,274 | 3,472 |
| Fundraising costs | 5,942 | 4,277 | 3,478 |
| Total spending | 53,211 | 41,100 | 29,942 |
| Cash flow from operations | (3,823) | 10,681 | 53,217 |
| Capital spending | 47 | 0 | 0 |
| Funding reserves | 296,031 | 299,919 | 289,236 |
Note: Ci included unrealized gains (losses) in investment income, affecting revenues by ($12.8m) in F2023, ($7.9m) in F2022, and $25.9m in F2021. Ci reported donations from related parties as other income and removed the amounts from donations. To report on a cash basis, Ci adjusted grants by changes in amounts payable to Alberta Health Services and University of Calgary. This affected grants and expenses by ($1.6m) in F2023, $47k in F2022, and $963k in F2021. Ci removed amortization from administrative costs. To report on a cash basis, Ci accounted for deferred revenue, impacting revenue by ($407k) in F2023, $371k in F2022, and ($nil) in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
1 |
$200k - $250k |
1 |
$160k - $200k |
1 |
$120k - $160k |
6 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Although Charity Intelligence assigns higher ratings to organizations with lower reserve funds, the Alberta Children’s Hospital Foundation maintains a broader strategic perspective on the importance of reserves that has proven to be beneficial for our community’s children. Reserves are a crucial part of our ability to provide funding to our partners on an ongoing basis. For example, access to a larger reserve fund enables our Foundation to help leverage provincial and federal research grants, which are contingent on local matching funds. The funds also help to recruit and retain top scientists and clinical researchers in Calgary. And they help build and sustain large-scale entities and facilities, including the Alberta Children’s Hospital Research Institute, Rotary Flames House, and The Summit: Marian & Jim Sinneave Centre for Youth Resilience. We are currently working with Alberta Health Services and the University of Calgary on plans for another initiative to further transform care for children in our province and beyond: The Alberta Children’s Hospital Centre for Research and Innovative Care. Please visit www.childrenshospital.ab.ca to learn more about the impact of community generosity on children and families.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-955-8818