Richmond Hospital Foundation

7000 Westminster Highway
Richmond, BC V6X 1A2
President & CEO: Natalie D. Meixner
Board Chair: Chad Pederson

Charitable Reg. #:11911 8883 RR0001


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

[Charity Rating: 2/5]



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



Grade based on the charity's public reporting of the work it does and the results it achieves.



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 75 cents are available for programs.

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About Richmond Hospital Foundation:

Richmond Hospital Foundation is a 2-star charity. It is financially transparent and has low overhead spending. However, the charity has a below-average results reporting score and large funding reserves that could cover over six years of program costs. 

Founded in 1987, Richmond Hospital Foundation raises money to improve care at Richmond Hospital in British Columbia. The Foundation funds equipment purchases, staff education programs, and infrastructure at the hospital. It also funds research at Vancouver Coastal Health Research Institute. Richmond Hospital Foundation aims to improve health care quality for the Richmond community. 

Richmond Hospital Foundation funds three main areas: patient care, research, and equipment & education. The charity does not provide a breakdown of spending on these programs. 

The Patient Care program raises funds to support general care, mental health support, and infrastructure expansions at Richmond Hospital. In F2022, a new in-patient acute mental health unit with 18 beds opened at the hospital. This year, the unit cared for over 250 patients, with the average patient staying for 30 days. In F2022, after years of fundraising, construction began on the Yurkovich Family Pavillion. This Pavillion will include a surgical centre, medical imaging centre, emergency department, and inpatient beds. The construction is expected to finish by 2028.   

The Research program advances projects at Vancouver Coastal Health Research Institute. Currently, the Foundation is funding two on-going projects at the institute. The first project studies how to prevent Adverse Drug Events. The second project studies the use of robot animals for patients with dementia. 

The Equipment and Education program buys new equipment and technology for Richmond Hospital. These resources are often used to improve surgery and imaging techniques. In F2022, four operating rooms received technology upgrades, which includes adding wireless connectivity and 4K screens. About 18,000 surgeries are performed at Richmond Hospital per year. In F2022, the Foundation also helped purchase a lithotripsy laser and a minimally invasive surgical system.

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Results and Impact

Charity Intelligence found that Richmond Hospital Foundation reported many stories but few outcomes of its work.  

While Charity Intelligence highlights these key results, they may not be a complete representation of Richmond Hospital Foundation’s results and impact. This charity is not yet rated on impact (n/r).

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In F2022, Richmond Hospital Foundation received $10.8m in donations. Combined fundraising and administrative costs are 25% of revenues (less investment income). For every dollar donated, 75 cents go to the cause, which is within Ci’s reasonable range for overhead spending. 

Richmond Hospital Foundation has $15.8m in funding reserves, of which $624k is donor endowed. Excluding donor-endowed funds, Richmond Hospital Foundation could grant at the same level for about six years and eight months with reserves. 

Charity Intelligence sent an update of this report to Richmond Hospital Foundation for review. Changes and edits may be forthcoming. 

Updated on June 15, 2023 by Clive Stevens. 

Financial Review

Financial Ratios

Fiscal year ending June
Fundraising & admin costs as % of revenues 25.0%24.9%27.6%
Total overhead spending 25.0%24.9%27.6%
Program cost coverage (%) 670.8%904.2%657.2%

Summary Financial Statements

All figures in $000s
Donations 10,7639,2519,186
Goods in kind 4116176
Investment income (673)7841,103
Other income 515146
Total revenues 10,18110,10210,511
Grants 2,2961,3401,965
Fundraising & administrative costs 2,7102,3212,595
Total spending 5,0063,6614,560
Cash flow from operations 5,1756,4415,951
Capital spending 41436
Funding reserves 15,81612,53813,363

Note: To report on a cash basis, Ci adjusted donations by changes in deferred revenue from non-government sources. This affected revenues by $29k in F2022, ($15k) in F2021, and ($15k) in F2020. In addition, Richmond Hospital Foundation included the funds sent to Vancouver Coastal Health Research Institute below the line instead of including them in total expenditures. Ci added these funds back in as grants, affecting expenses by $2.3m in F2022, $1.3m in F2021, and $2.0m in F2020. 

Salary Information

Full-time staff: 16

Avg. compensation: $94,317

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604 244 5252


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Charitable Registration Number: 80340 7956 RR0001