QEII Health Sciences Centre Foundation

1276 South Park St., Rm 1-040, Centennial Bldg.
Halifax, NS B3H 2Y9
President & CEO: Bill Bean
Board Chair: Nancy MacCready-Williams

Website: www.qe2foundation.ca
Charitable Reg. #: 88646 3496 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: C

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

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #42

Avg. Compensation $75,921

Top 10 Staff Salary Range

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

About QEII Health Sciences Centre Foundation:

The Queen Elizabeth II Health Sciences Centre Foundation (QEII Foundation) raises funds for the QEII Health Sciences Centre (QEII) in Halifax, Nova Scotia. The Foundation helps fund new technologies, research, innovation and education at the Centre with the goal of improving the lives of Atlantic Canadians.

As the largest adult health sciences centre in Atlantic Canada, the QEII serves as the local community hospital for immediate care and emergency services, as well as the specialized care centre for Atlantic Canada in areas such as heart health, cancer care, neurosurgery and organ transplantation. The QEII is also a leading medical research and teaching centre.

While the Queen Elizabeth II Health Sciences Centre Foundation funds many areas of health care, the current focus areas include: anesthesia, ultrasounds, heart health, simulation-based learning, and research. 

In F2016, The Queen Elizabeth II Health Sciences Centre Foundation made many purchases for the centre including an apheresis machine and 2 more beds for the epilepsy unit.

The Foundation operates 3 lotteries, the Home Lottery, the Lifestyles Lottery, and the Working to Win, with total revenues of $18.1m in F2016, and 36% going to the charity after expenses.

Financial Review:

Queen Elizabeth II Health Sciences Centre Foundation is a big-cap charity with donations and special events revenues of $7.1m in F2016. Its administrative costs were 19% of revenues, and its fundraising costs were 33% of donations. For every dollar donated, 48 cents go towards QEII Foundation’s programs, falling outside of Ci’s reasonable range. QEII Foundation has funding reserves of $59.2m, resulting in a program cost coverage ratio of 595%, meaning that the charity can cover just under 6 years of its annual program costs using its existing reserves.

While the QEII Foundation does maintain an endowment fund, it does not disclose the respective allocations of donor-endowed and funds internally endowed by the board. As a result, Ci included all endowed funds when calculating the program cost coverage ratio.

Financial Ratios

Fiscal year ending March
201620152014
Administrative costs as % of revenues 18.9%17.4%13.3%
Fundraising costs as % of donations 32.7%23.7%19.2%
Program cost coverage (%) 594.8%537.6%913.1%

Summary Financial Statements

All figures in $000s
201620152014
Donations 5,7127,62211,262
Goods in kind 197334313
Lotteries (net) 6,5786,5775,162
Special events 1,3608691,646
Investment income 2,0742,1951,784
Other income 404045
Total revenues 15,96117,63720,213
Program costs 000
Grants 9,95311,3426,606
Administrative costs 2,6282,6932,456
Fundraising costs 2,3132,0162,483
Cash flow from operations 1,0661,5868,668
Funding reserves 59,19860,97260,315
Note: Ci included investment income in revenues, affecting revenues by $2.1m in F2016, $2.2m in F2015, and by $1.8m in F2014.

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