St. Boniface Hospital Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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.
51%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 51 cents are available for programs.
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OVERVIEW
About St. Boniface Hospital Foundation:
St. Boniface Hospital Foundation is a 1-star charity. It has a C Results Reporting grade which is below average. Its overhead spending is outside of Ci’s reasonable range. Its reserves can cover program costs for almost eleven years, which is well outside of Ci’s reasonable range. Before you give, please read Ci’s report.
Founded in 1971, St. Boniface Hospital Foundation (SBHF) raises money to support patient care and research at St. Boniface Hospital in Winnipeg. It granted $8.2m to the hospital in 2024.
Patient care received 72% ($5.9m) of program spending in 2024. The charity funds the purchase of new equipment for the hospital. In 2024, SBHF purchased a new mobile fluoroscopic C-arm and an Abbott ViewMate ultrasound system. The C-arm uses x-rays to give high-definition pictures of blood vessels during minimally invasive procedures. The new ultrasound system lets doctors see the heart from within which helps during surgery. Although Ci could not find complete beneficiary data, the charity reports nearly 42,000 patients visited the hospital’s emergency department in 2024.
Research received 28% ($2.3m) of program spending in 2024. Ci did not find how many research projects the charity funded in 2024.
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Results and Impact
SBHF funded a composting project at the hospital that diverted 16,216 kg of food waste in 2024. While Ci highlights this result, it may not completely reflect the charity’s results and impact.
St. Boniface Hospital Foundation is not yet rated on impact (n/r). This does not affect the star rating.
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Finances
SBHF received $4.8m in donations, which is 24% of revenue in 2024. The charity received $11.5m in investment income. In 2024, it had a return on investment of 10% which is larger than its five-year average of 6%.
It granted $8.2m to the hospital, which is 41% of revenue. SBHF ran a surplus of $8.9m, which is 45% of revenue. The charity spent $1.9m on fundraising (40% of donations) and spent $731k on administration, which is 9% of revenue (less investment income). For every dollar donated to the charity, 51 cents are available to go to the cause. This is outside of Ci’s reasonable range.
SBHF has $116.0m in its reserves, and $57.2m of these funds are donor endowed. Excluding donor-endowed funds, the charity’s reserves can cover program costs for almost eleven years. This is well outside of Ci’s reasonable range.
SBHF has committed grants in future years to the hospital. It has committed $10.1m in 2025, $8.4m in 2026, and $2.5m in 2027.
Updated on June 30, 2025 by Joshua Leduc. This update has been sent to the charity and changes may be forthcoming.
Financial Review
Fiscal year ending December
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.0% | 3.6% | 7.3% |
| Fundraising costs as % of donations | 40.3% | 12.2% | 34.4% |
| Total overhead spending | 49.3% | 15.8% | 41.8% |
| Program cost coverage (%) | 1,107.1% | 1,214.1% | 496.5% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 4,796 | 16,157 | 5,657 |
| Lotteries (net) | 3,377 | 3,458 | 4,091 |
| Investment income | 11,520 | 10,637 | (6,236) |
| Total revenues | 19,694 | 30,252 | 3,512 |
| Program costs | 0 | 0 | 0 |
| Grants | 8,163 | 7,129 | 10,197 |
| Administrative costs | 731 | 714 | 715 |
| Fundraising costs | 1,933 | 1,973 | 1,948 |
| Cash flow from operations | 8,867 | 20,436 | (9,347) |
| Capital spending | 24 | 21 | 152 |
| Funding reserves | 115,917 | 107,194 | 86,616 |
Note: 1. Ci adjusted for grants payable, which affected expenses by ($2.0m) in 2024, ($2.1m) in 2023, and ($874k) in 2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
1 |
$120k - $160k |
2 |
$80k - $120k |
5 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 204-237-2067