Stollery Children's Hospital Foundation is a 3-star charity. It has a C+ Results Reporting grade, which is below average. For every dollar donated to the charity, 62 cents are available to go to the cause, which is outside Ci's reasonable range.

Founded in 2001, Stollery Children’s Hospital Foundation (SCHF) strives to improve healthcare for children across Alberta. It traces its history back to 1978 when the Northern Alberta Children’s Hospital Foundation began to advocate for a new children’s hospital in Edmonton. The new Stollery Children’s Hospital opened in October 2001, funded largely by a donation from Bob and Shirley Stollery. In honour of their donation, the charity changed its name to Stollery Children’s Hospital Foundation. SCHF raises funds to support the hospital, which now receives more than 300,000 visits each year. It also raises funds for child health programs and research at other hospitals and institutions such as the University of Alberta. The charity states the Stollery Children’s Hospital is the most specialized children’s hospital in Western Canada and it serves the largest geographic area of any children’s hospital in North America.

In F2024, Stollery Children’s Hospital Foundation granted $20.4m for Equipment and Facilities, Research, Patient Care, and Pediatrician Training as well as $819k for Advocacy. While the charity's F2024 financial statements were released at the time of this profile update, the charity had not yet released its F2024 annual report. The program information below comes from the F2023 annual report. 

Research received 34% of grant funding in F2023. The charity funds pediatric research projects at the University of Alberta (U of A) and the Women and Children’s Health Research Institute. In F2024, SCHF supported 262 researchers across 14 faculties.

Patient and Family Centred Care received 32% of grant funding in F2023. SCHF helps fund care for patients and families visiting Stollery Children’s Hospital. In F2023, the hospital responded to 324,425 patient visits, 54,649 emergency department visits, 251,462 outpatient clinic visits, 133,027 virtual patient visits, and 24,507 surgery clinic visits. In F2023, the charity’s multiple neonatal intensive care unit provided care to 2,226 children and the transport team helped 1,286 children get to Stollery. The hospital also performed 10,965 surgeries and helped 2,362 patients with mental health concerns. The charity reports that 28% of its patients come from outside Edmonton.

Equipment and Infrastructure received 24% of grant funding in F2023. Stollery Children’s Hospital Foundation funds pieces of equipment and renovations to increase the quality of care at the hospital. In F2023, SCHF funded over 35 pieces of equipment, including a youth heart monitor and simulation mannequins for surgery. The charity reported surgeons spent 1,283 hours over 197 sessions simulating surgeries in F2023. SCHF will build a new Stollery Surgery Clinic on the 5^th floor of the KAYE Edmonton Clinic. The clinic will open in 2026. The charity is also renovating its play area, which was last renovated in 2007. The charity states this play area will more than double the existing 1,500 square foot play space.

Training received 10% of grant funding in F2023. Stollery Children’s Hospital Foundation helps to train future pediatric specialists. In F2023, Stollery Children’s Hospital Foundation funded 11 fellowships, of which six are cardiology, one academic medicine, one cardiac critical care, one dermatology, one life support, one palliative care, and one sleep medicine. In F2023, the charity added the cardiac critical care fellow as the hospital experienced rapid growth that outpaced the previously available trained faculty.

In F2024, Stollery Children’s Hospital Foundation received $28.1m in donations. The charity also received $4.4m from its lottery (net of expenses), which is 11% of revenue. In F2024, SCHF spent $21.2m on its programs and grants, which is 55% of revenue. The charity recorded a surplus of $6.5m, which is 17% of revenue.

Administrative costs are 9% of revenue (less investment income). Fundraising costs are 30% of donations. For every dollar donated to the charity, 62 cents are available to go to the cause, which is outside Ci’s reasonable range for overhead spending.

SCHF has $93.2m in reserve funds (cash and investments). The charity’s reserves can cover 439%, or four years and five months of its annual program and grant costs.  

The charity’s $73.5m in investments returned $6.3m in investment income, at a rate of 9%. Over the past ten years, the charity’s investments average a return of 5%.

Stollery Children’s Hospital Foundation paid external fundraisers $818k to raise $17.9m in F2024. It costs the charity five cents to raise a dollar using external fundraisers.

In F2024, the foundation approved cumulative funding commitments of $48.8m, of which $37.7m relates to commitments to the Stollery Children’s Hospital, Alberta Health Services, and the University of Alberta. In addition, the charity committed $9.3m in future funding to the Women and Children’s Health Research Institute.

Charity Intelligence has sent this update to Stollery Children’s Hospital Foundation for review. Changes and edits may be forthcoming. 

Updated on August 2, 2024 by Liam Chapleau.