
Financials
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.
In support of the growing needs of our community, our Foundation recently completed a $10.8 million campaign for state-of-the-art medical imaging equipment. Our upcoming priorities include a $15 million production kitchen campaign to upgrade our food services to serve fresh, nourishing food to all patients and a $35 million ICU & telemetry campaign to expand and upgrade these departments.
2024-25 Fundraising Revenue

2024-25 Disbursement of Funds

Revenue + Expenses - 5-Year History

Financial Highlights
- 16%
- overall fundraising expenses
- $2M
- equipment funding goal
- $35M
- funding commitment for the ICU
- $10.8M
- raised to fund new medical imaging equipment
- $15M
- funding for the production kitchen/cafeteria redevelopment
- Overall fundraising costs have averaged 14 per cent over the past five years, 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.
- We aim to fund approximately $2 million annually for the hospital’s capital equipment needs and also fund special projects that include our Healthy Community Grants and other projects and initiatives that support our vision of White Rock and South Surrey becoming the healthiest community possible.
- The Foundation surpassed its $10 million funding goal for new medical imaging equipment by $800,000 in October 2024. The Mammography Machine, Digital X-Ray, Fluoroscopy Machine, and three Portable Ultrasounds are now at Peace Arch Hospital. The Gamma Camera and MRI will be installed in Fall 2026.
- We are also funding $15 million for a new production kitchen at Peace Arch Hospital, upgrading the food services to serve fresh, nourishing food to all patients. The production kitchen construction is set to start in September 2025.
- Foundation donors (in partnership with Fraser Health and the Ministry of Health) provide the critical investments necessary to meet the increasing health care needs, both at our hospital and in our community, for the residents of White Rock and South Surrey. These investments, including $17 million in unrestricted funds, will support future expansion and enhancements on the Peace Arch Hospital campus, including a new ICU, upgraded medical equipment annually, and other urgent priorities the Fraser Health Authority identified in its updated Facilities Master Plan.
- Read More About 2024-2029 Strategic Plan
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
The Healthy Community Grants Committee awarded $208,000 to qualified grant applicants of the 2024/2025 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 $4 million has been invested in more than 200 projects since the inception of the grants program in 1999.
VISIT THE HEALTHY COMMUNITY GRANTS PAGE
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, 2025, no such costs were incurred.
Remuneration of Staff
For information on staff compensation, please refer to Canada Revenue Agency T3010.
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.
