BC Children's Hospital Foundation

938 West 28th Avenue
Vancouver, BC V5Z 4H4
President & CEO: Teri Nicholas
Board Chair: Donald Lindsay

Website: www.bcchf.ca
Charitable Reg. #: 11885 2433 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

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #100

Avg. Compensation $101,848

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 0
$250k - $300k 1
$200k - $250k 3
$160k - $200k 4
$120k - $160k 1
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About BC Children's Hospital Foundation:

Founded in 1982, BC Children's Hospital Foundation (BCCHF) raises funds to support and enhance the delivery of pediatric care in British Columbia. The Foundation provides funding to organizations including BC Children's Hospital, BC Children’s Hospital Research Institute, and Sunny Hill Health Centre for Children.  BC Children’s Hospital is BC’s only full-service, pediatric acute care hospital, and can provide care to the one million children living in BC and Yukon.  BC Children's Hospital Foundation supports hospital programs, childhood disease research, medical equipment purchases, and a range of children's health education and training programs. 

In F2017, BC Children's Hospital Foundation gave grants to the Campaign for BC Children, which supports Child Health BC and the construction of its new Teck Acute Care Centre. Child Health BC is a province-wide program that connects children living in remote areas with BC Children’s Hospital’s specialists via video-conferences. The program currently exists in 11 BC communities and reduces the number of hospital visits to the one trip for surgery. Previously, when a child came to BC Children's Hospital for surgery, the child and their family would wait, and sometimes be assessed, in a common playroom area. The new Teck Acute Care Center opened in October 2017 and gives each child a private room, improving privacy, confidentiality, infection control, and stress levels.

BC Children's Hospital Foundation spent the remaining grants on general research, childhood disease research, specialized equipment, health promotion and education, and Sunny Hill Health Centre for Children. BC Children’s Hospital implemented HEARTSMAP: a tool that assesses children’s mental health by asking specific questions, and then provides recommendations to clinicians. HEARTSMAP improved the efficiency of psychiatric assessments and 50 BC hospitals are implementing the tool in their emergency departments. Research shows that dogs can help hospital patients reduce stress levels and anxiety, the need for sedation, and healing times. In 2016, BC Children’s Hospital doubled the number of therapy dogs to 15 and increased the program frequency from 4 times a week to 7. The same year, Sunny Hill Health Centre for Children performed 2,078 Autism Spectrum Disorder Assessments, up 5% from 2015.

Financial Review:

BC Children’s Hospital Foundation is one of Canada’s Major 100 charities by donations. In F2016, BCCHF received $64.7m in donations. Administrative costs were 7% and fundraising costs were 23% of donations. For every dollar donated, 70 cents go to the cause. This falls within Charity Intelligence’s reasonable range of overhead spending.

BC Children's Hospital Foundation has funding reserves of $340.3m, including donor-endowed funds of $95.0m.  Excluding donor-endowed funds, funding reserves can cover program costs for 4.3 years. From F2016 to F2017, the charity’s return on its funding reserves fell from 4.0% to 3.2%. 

The charity used external fundraisers in F2017. The charity paid $902k to raise $3.7m from external fundraisers for a cost of $0.24 per dollar raised.

This charity report is an update that has been sent to BC Children’s Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on May 24, 2018 by Joeyanne Cheung.

Financial Ratios

Fiscal year ending March
201720162015
Administrative costs as % of revenues 6.9%8.5%8.3%
Fundraising costs as % of donations 22.6%23.0%24.4%
Program cost coverage (%) 556.2%726.7%635.4%

Summary Financial Statements

All figures in $000s
201720162015
Donations 64,74159,13054,361
Goods in kind 847371646
Lotteries (net) 8,3007,0546,791
Investment income 11,50614,17417,043
Total revenues 85,39480,72978,841
Grants 61,18649,56656,065
Administrative costs 5,1265,6765,101
Fundraising costs 14,59713,61213,253
Cash flow from operations 4,48511,8754,422
Funding reserves 340,343360,198356,260
Note: Ci disclosed donated goods-in-kind separately, reducing donations by $847k in F2017, $371k in F2016, and $646k in F2015. Ci reported net lotteries, reducing total revenues and expenses by $16.6m in F2017, $15.6m in F2016, and $15.5m in F2015. Ci did not include loss on sale of capital assets, reducing expenses by $36k in F2016. Ci removed amortization expense of $10k in F2017, $10k in F2016, and $13k in F2015 from administrative costs. There were immaterial restatements made to F2016: fundraising revenue was restated from $58.165m to $58.565m and grants to Sunny Hill Foundation for Children was restated from $540k to $940k.

Comments added by the Charity:

The charity has provided these comments for the current version.

Note from June 14, 2018:

BC Children’s Hospital Foundation is currently developing a new website which is expected to go live by the end of the year.

The new site will provide clearer information which can be more easily accessed and understood.  This will include information about our specific fundraising objectives, activities and donor impact.

The Foundation is committed to ongoing open communications with all of our stakeholders.

 

The charity has provided these comments for a previous version.

Program Cost Coverage Ratio:

The foundation believes that program cost coverage should not include assets held in endowments since these funds are to be held in perpetuity for a specific purpose as designated by the original donor. The foundation also believes the amount included in program cost coverage should be further reduced by the amount of current liabilities. This would provide a more accurate reflection of funds available to cover program costs.

 

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