Financial Statements

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 $110 million site redevelopment and expansion plan for Peace Arch Hospital. This project includes an upgraded and expanded emergency department along with five brand new state-of-the-art operating rooms and 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 both the ER and residential care projects and funds are being disbursed as construction progresses.



Some Financial Highlights

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.

March 31, 2019March 31, 2019 (129 KB)


March 31, 2018March 31, 2018 (151 KB)


March 31, 2017March 31, 2017 (74 KB)


Canada Revenue Agency T3010 - Registered Charity Information Return

Healthy Community Grant Disbursements

The Healthy Community Grants Committee awarded $20,000 to qualified grant applicants of the 2018/2019 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 $2.8 million has been invested in more than 175 projects since the inception of the grants program in 1999.

Remuneration of Directors

Directors of the Foundation provide their support on a volunteer basis and are not paid fees of any kind.The Foundation may, from time to time, incur costs with parties with which certain members of its Board of Directors are associated. These transactions are considered to be in the normal course of business.For the fiscal year ending March 31, 2019, the following costs were incurred:

Legal Fees: $254 - BKS Law

Construction Project Management: $220,236 - Field & Marten Associates Inc.

Imagine Canada

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.