We are open about our costs

At the QEII Foundation, we are open about what we have to spend in the process of supporting healthy outcomes at the QEII Health Sciences Centre. Be assured we carefully monitor expenses and strive for efficient and effective operations that maximize results and minimize costs.

In 2010/11 we raised $11.7 million after expenses, and our calculated costs over that time were 25.8 cents for every dollar raised, well below the guidelines as supplied by the Canada Revenue Agency (according to CRA, the acceptable cost ratio for charities is 35 cents or less for every dollar raised). Our cost-per-dollar-raised has averaged 27.6 cents over the last five years (including the economic downturn).

The QEII Foundation’s budget, business plan and operating expenses are reviewed and scrutinized by a volunteer Board of Trustees, and our complete financial statements can be viewed online. The QEII Foundation adheres to fundraising cost standards as recommended by CRA, the Assocition of Healthcare Philanthropy,the Association of Fundraising Professionals and Imagine Canada.