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21
Calgary Health Foundation SUMMARY OF OPERATIONS AND CHANGES IN FUND BALANCES Year ended March 31
2024 $
2023 $
Revenue Donations
9,812,659
8,226,464
Lotteries (net)
14,321,394
13,797,475
Events (net)
580,852
488,747
24,714,905
22,512,686
Grants – Alberta Health Services
437,127
438,384
Grants – other government
14,350
691
Investment income
6,389,278
7,833,786
30,785,547
31,555,660
Expenses Operating expenses
7,747,121
8,260,144
Excess of revenue over expenditures before charitable disbursements
22,525,403
23,808,539
Charitable disbursements
Alberta Health Services
11,364,036
10,100,684
University of Calgary
3,110,741
5,387,616
Other organizations
854,000
489,420
15,977,720
15,328,777
Excess of revenue over expenditures and charitable disbursements
6,547,683
8,479,762
Fund balance, beginning of year
167,500,154
159,020,392
Fund balance, end of year
174,047,837
167,500,154
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