BC Children's Hospital Foundation

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

Charitable Reg. #:11885 2433 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

🔓
Unlock Charity Ratings

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

C

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.

70%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 70 cents are available for programs.



My anchor

Programs

About BC Children's Hospital Foundation:

Founded in 1982, BC Children’s Hospital Foundation (BCCHF) works to improve the quality of healthcare provided to children by raising money for BC Children's Hospital, BC Children’s Hospital Research Institute, and Sunny Hill Health Centre for Children. Donations are used to fund research on childhood diseases, equipment purchases, capital projects, and patient care programs. BC Children’s Hospital is the province’s only hospital that works exclusively with children. Each year, 93,000 children receive specialized care across the acute care centre, Research Institute, and Rehab Centre.

BCCHF’s most recent annual report is for F2019. Of total grants made during the year, 37% was allocated as specific endowments and designations, 25% was allocated to research, 12% to health promotion and education, 11% to Sunny Hill Health Centre, and 10% to equipment. The remaining 6% was for the Campaign for BC Children.

Sunny Hill Health Centre is BC’s only rehabilitation centre for children. BCCHF is currently running a $14 million capital campaign for the Sunny Hill Health Centre enhancement project. The purpose of the project is to relocate the rehab centre to the BC Children’s Hospital campus. Expected to open in summer 2020, the new centre will include a modern gym, multi-level therapy pool, outdoor mobility training space, and family lounge. When complete, BC Children’s Hospital will be one of the few pediatric centres in North America with an acute care centre, research institute, mental health facility, and rehab centre all on the same campus. Major activities in F2019 included excavating the new therapy pool.

BCCHF funded over 100 equipment purchases in F2019, including five new code blue crash carts, a portable x-ray machine, and two Snoezelen carts. These carts provide multi-sensory environments during surgery to alleviate the overstimulating experience surgery can be for kids with autism. BC Children’s Hospital started a new mental health initiative called Compass in F2019. It offers a platform for community care providers to communicate directly with the hospital’s mental health team so that they can get help with diagnostics, medication recommendations, and treatment plans. Over 800 care providers have enrolled, and more than 900 patient cases have been handled since its launch.

COVID-19: BC Children’s Hospital is designated as one of BC’s 19 primary COVID hospital care sites. BCCHF has created a Rapid Response Fund to help address the immediate needs of BC Children’s Hospital during the COVID-19 pandemic. Donations will be used to purchase telecommunications equipment for health care providers, games and other forms of entertainment for kids at the hospital, and financial aid (gift cards for coffee, food, other everyday items) for families. 

My anchor

Results and Impact

To combat childhood obesity, BC Children’s Hospital launched Live 5-2-1-0 in-hospital in F2019. The pilot training workshop and toolkit delivers an easy-to-remember message for kids that promotes a healthy lifestyle: five veggies and fruits a day, two hours or less of daily screen time, at least one hour of active play, and zero sugary drinks. Six months into program delivery, 80% of participants are helping patients set healthy living goals, up from 50% when the program started. 75% of participants believe they have sufficient resources to support their patients, more than triple the number of participants who reported this at the program’s start.

Also in F2019, BC Children’s Hospital launched Western Canada’s first pediatric 3D technology program. Through this program, surgeons at the hospital can test surgical approaches tailored specifically to the needs of patients. Using digital scan technology, 3D replicas of pediatric patients’ organs can be printed for experiments and testing. BC Children’s Hospital Foundation also reports that in F2019, researchers at the Research Institute were the first in Canada to use a new pediatric tumour test that may, in the future, guide personalized treatments for pediatric cancer patients.

BCCHF’s spring 2020 magazine describes a new strep test being developed at BC Children’s Hospital. The current gold standard in testing for strep throat (culture swab) has a required three-day wait for results. The new test, currently being evaluated by researchers, can provide a diagnosis in three to ten minutes, and is reportedly just as precise, if not more precise, than the traditional culture swab.

My anchor

Finances

BC Children’s Hospital Foundation received $65.5m in donations during F2020, making it one of Canada’s largest charities, a Major 100. Administrative costs are 11% of revenue (excluding investment income) and fundraising costs are 20% of donations. For every dollar donated, 70 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

Investment income includes unrealized losses of $74.6m in F2020. With a March year-end, economic issues associated with COVID-19 are a contributing factor to this unrealized loss, as noted in the audited financial statements.

BCCHF has $366.0m in funding reserves which includes $107.4m in donor-endowed funds. Excluding donor endowments, the Foundation’s reserves can cover annual grants at the current level for just over six years.

In F2020, BCCHF reported granting $54.8 million – $54.5m to BC Children’s Hospital, $76k to Sunny Hill Foundation for Children, and $213k in other grants. This includes $6.4m in deferred grants to be paid in future years.

BCCHF’s main office is located in BC Children’s Hospital and the Foundation uses this space rent-free. The audited financial statements disclose the fair value of rent as $795k in F2020, $783k in F2019, and $813k in F2018. This information is not reflected in the Foundation’s expenses.

BCCHF reports using external fundraisers as part of fundraising efforts in its most recent F2019 T3010 filing. BCCHF paid external fundraisers $952k that raised $3.4m on behalf of the Foundation. This produces an external fundraising cost ratio of 28%, meaning that BCCHF received 72 cents of every dollar donated to external fundraisers.

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

Updated on July 21, 2020 by Katie Khodawandi.

Financial Review


Financial Ratios

Fiscal year ending March
202020192018
Administrative costs as % of revenues 10.6%9.4%7.9%
Fundraising costs as % of donations 19.5%18.7%24.0%
Total overhead spending 30.1%28.1%31.9%
Program cost coverage (%) 601.7%773.9%313.2%

Summary Financial Statements

All figures in $000s
202020192018
Donations 65,49668,66061,588
Lotteries (net) 8,7748,4728,336
Investment income (7,606)12,65919,679
Total revenues 66,66489,79189,603
Grants 48,35037,99979,900
Administrative costs 7,8467,2275,514
Fundraising costs 12,77312,82814,769
Total spending 68,96958,054100,183
Cash flow from operations (2,305)31,737(10,580)
Capital spending (1,061)2,428(1,936)
Funding reserves 366,037366,156336,483

Note: Lottery revenue is reported net of expenses, reducing total revenue and expenses by $16.0m in F2020, $16.8m in F2019 and $16.5m in F2018. Fundraising revenues are reported gross of costs, increasing total revenue and expenses by $12.8m in F2020 and $12.8m in F2019. Non-cash gains (loss) on lottery prize homes has been excluded from Ci’s analysis, affecting total revenue by $294k in F2020 and ($250k) in F2018. Similarly, non-cash surrender value adjustments on other assets has also been excluding from Ci’s analysis, reducing total revenue by $23k in F2020, $30k in F2019, and $29k in F2018. Ci adjusted grants for changes in amounts due to BC Children’s Hospital, affecting expenses by ($6.4m) in F2020, ($28.6m) in F2019, and $29.2m in F2018. Amortization of capital assets has been removed from administrative and fundraising costs on a pro-rata basis. Capital expenditures include purchases and proceeds from sales related to lottery prize homes. The audited financial statements disclose that Sunny Hill Foundation for Children, a separate legal entity, is managed by the Foundation. Sunny Hill Foundation is also reported as a related party. All of Sunny Hill’s fundraising and fund management activities are run by the Foundation, and all assets are managed by the Foundation. Ci has not consolidated the Foundation with Sunny Hill Foundation and as such, transfers from Sunny Hill to the Foundation and vice versa are reflected in the financial analysis. BCCHF has restricted funds held at the Vancouver Foundation. Annual income on these funds is recognized as investment income, but the principal amounts are not recorded on BCCHF’s balance sheet. The market value of these funds is $6.9m in F2020, $7.6m in F2019, and $8.9m in F2018, which has not been included in funding reserves in Ci’s analysis.

Salary Information

Full-time staff: 104

Avg. Compensation: $105,306

Top 10 staff salary range:

$350k +
1
$300k - $350k
0
$250k - $300k
0
$200k - $250k
4
$160k - $200k
4
$120k - $160k
1
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

My anchor

Comments & Contact

Comments added by the Charity:

Note from June 14, 2018 reflecting a previous version:

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.

 

Charity Contact

Website: www.bcchf.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604.875.2444

Print