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BC Children's Hospital Foundation

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

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

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #92

Avg. Compensation $110,930

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 1
$250k - $300k 0
$200k - $250k 3
$160k - $200k 5
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About BC Children's Hospital Foundation:

Founded in 1982, BC Children's Hospital Foundation (BCCHF) raises funds to support and enhance the delivery of paediatric care in British Columbia. The Foundation provides funding to BC Children's Hospital, Sunny Hill Health Centre for Children, and the Child & Family Research Institute.  BC Children's Hospital Foundation supports these 3 facilities on childhood disease research, medical equipment purchases, and a range of children's health education and training programs. 

In F2016, BC Children's Hospital Foundation gave 38% of grants to the Campaign for BC Children, which includes the construction of its new Teck Acute Care Centre. BCCHF estimates completion for this project in 2017. Donor-specified grants made up 32% of total grants and included endowments in genetic research, pediatric oncology, and diabetes research. BCCHF allocated the remaining 30% to research into childhood diseases (19%), health promotion and education (4%), specialized equipment (4%), and Sunny Hill Health Centre for Children (3%).

Financial Review:

BC Children’s Hospital Foundation is one of Canada’s 100 largest charities by donations. In F2016, BCCHF received $58.7m in donations. Administrative costs were 9% and fundraising costs were 23% of donations. As such, for every $1 donated, 68 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 $360m, including donor-endowed funds of $85m.  This funding reserve can cover annual grants and programs for 7.3 years or 6.1 years if excluding donor-endowed funds.

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

Updated on June 5, 2017 by Juliana Badovinac

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 8.6%8.3%7.4%
Fundraising costs as % of donations 23.2%24.4%21.8%
Program cost coverage (%) 732.6%635.4%504.9%

Summary Financial Statements

All figures in $000s
Donations 58,73054,36156,949
Goods in kind 371646466
Lotteries (net) 7,0546,7916,488
Investment income 14,17417,04312,124
Total revenues 80,32978,84176,027
Grants 49,16656,06563,565
Administrative costs 5,6765,1014,721
Fundraising costs 13,61213,25312,410
Cash flow from operations 11,8754,422(4,669)
Funding reserves 360,198356,260320,942
Note: Ci disclosed donated goods-in-kind separately, reducing donations by $371k in F2016, $646k in F2015 and $466k in F2014. Ci reported net lotteries, reducing total revenues and expenses by $15.6m in F2016, $15.5m in F2015 and $15.1m in F2014. Ci did not include loss on sale of capital assets, reducing expenses by $36k in F2016 and $12k in F2014. Ci removed amortization expense of $10k in F2016, $13k in F2015, and $33k in F2014 from administrative costs.  

Comments added by the Charity:

The charity has provided these comments for a previous version. Updated comments may be provided shortly.

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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