With a focus on ensuring quality health care is available close to home, Peace Arch Hospital Foundation has been raising funds and awareness to enhance the health and wellness of our community since 1988.
Our Board of Directors measures success by the community impact and financial efficiency with which we invest the funds entrusted to us by our generous donors. To learn more about the impact our fundraising efforts have had on health care in the community, please check out our list of past achievements.
On May 1, 2015, the Ministry of Health, Fraser Health and the Foundation announced a comprehensive $65 million site redevelopment and expansion plan for Peace Arch Hospital. This project includes an upgraded and expanded emergency department along with a 200-bed complex care facility featuring 112 residential care beds, 73 mental health beds and a 15-bed hospice residence. Fundraising is now complete for this project and funds will be disbursed as construction progresses.
*Some Financial Highlights
- Overall fundraising costs have remained stable over the last few years at an average of 22 per cent, which is well below Canada Revenue's Agency's guideline of 35 per cent for charities. Our board reviews costs on an annual basis to ensure they are in line with other hospital foundations in the province.
- Of the $15 million that the Foundation has committed to fund toward the ER renovation and expansion project, more than $10 million (and counting!) is being held for disbursement when construction gets underway in the coming months.
- The Foundation is committed to fund $10 million for the new hospice residence housed in the residential care facility being built concurrently with the ER expansion. We have currently raised more than $4 million for this project.
- Every year we fund up to $1 million for the hospital's capital equipment needs and also fund special projects that include our Because People Matter community health grants, the McCracken Foundation Endowment Grant, the Dr. Al Hogg Legacy Fund and our newest project, the Our Healthy Community initiative.
AUDITED FINANCIAL STATEMENTS
Our financial statements are audited on an annual basis by an external public accounting firm and reviewed quarterly by our Board of Directors.
healthy community Grant disbursements (previously known as because people matter grants)
The Because People Matter Grants Committee awarded $219,220 to qualified grant applicants of the 2015 grant program. The program supports initiatives that enhance health and wellness to those who live in the White Rock and South Surrey area. More than $1.6 million has been invested in more than 120 projects since the inception of the Because People Matter Grants program in 1999.
On May 27, 2014, the Foundation was accredited under Imagine Canada's stringent national Standards Program becoming one of the first hospital foundations in Canada to earn this credential. Learn more about this achievement and what it means for our donors and supporters.