Healthcare Foundation Looks to Raise $100 Grand

Wednesday, July 07, 2010 09:37 AM

Prince George, B.C.- The Spirit of the North Healthcare foundation is pushing towards raising  $100 thousand dollars to purchase a Cardiovascular ultrasound Unit for the University Hospital of Northern B.C.

The  equipment will help doctors in making emergency diagnosis and will improve the safety and accuracy of a number of procedures.

A little over two thirds of the cost of the equipment has already been raised with Northern Health contributing $90 thousand dollars to the $315 thousand dollar cost of the equipment.

A grant from the Woodwards Foundation it the amount of $75 thousand has been received, and the hospital Auxiliary has contributed $50 thousand.

Two upcoming  charity golf events will see their proceeds go towards the purchase of the equipment.

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Posted on Wednesday, July 07, 2010 09:37 AM in News by 250 News

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Comments

Posted by: Summit on July 7 2010 12:29 PM

Well, the new CEO could donate half of his $125,000 salary and have the Foundation most of the way towards its goal...and he would still have enough to comfortably live on.

Posted by: doneright on July 7 2010 12:43 PM

Did you also know that if they stay under budget he also they also get a bonus.

Posted by: opinionated on July 7 2010 1:35 PM

Summit, should the new CEO work for nothing? Do you know what his living requirements are? Sure, knock the new guy right away and make him feel welcome.

Posted by: Summit on July 7 2010 4:12 PM

He shouldn't work for nothing, but working for $25,000 more than the last CEO is a very, very, large pay bump...for someone with little experience.

Posted by: gus on July 7 2010 6:36 PM

The poor guy has to start from the bottom and work his way up. Kinda sorta like that guy at City Hall who does all the communicating for them now.

Posted by: kolberg on July 7 2010 10:21 PM

I reviewed the 2009 T3010 return they filed with CRA.

In 2009 the Spirit of the North Health Care Foundation spent $773,891 on fundraising, management and administration.

In 2009 the spent $1,223,234 on charitable programs and gifts to qualified donees (I guess Northern Health, etc.).

More than 1/3 of their spending is on bureaucracy. I don't know if that is typcial of charities but it seems like a lot.

To look up financial information for charities go to the CRA website at

[/url]http://www.cra-arc.gc.ca/tx/chrts/dnrs/lstngs/menu-eng.html[/url]

Posted by: gus on July 8 2010 9:22 AM

I look at their return completely differently.

The organization has one main purpose - raise funds. All expenses go towards that one purpose of raising funds, whether it is space rental (which has gone up substantially) or postage or fuel for cars.

It does not matter how much money they transferred to Northern Health or other beneficiaries. What really matters is how much they took in and how much they spent to get that money in.

Total revenue was $2,635,681
Total expense was $924,906

Thus, they spent 35.1 cents on the dollar for fundraising.

They are getting better at it, which is good to know.

Here are the figures for some previous years.

2003 - 43 cents on the dollar
2004 - 54 cents
2005 - 46 cents
2006 - 42 cents
2007 - 35.7 cents
2008 - 35.4 cents

I think that is on the high side. 20 to 25 cents on the dollar should be achievable.