18
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Financial Summary: Disbursements & Funding Allocations
Financial Summary: Disbursements & Funding Allocations
Disbursements and Funding Allocations
7.7% Other Institutions
Disbursements by Location
Acute Care (Hospitals) Carewest & Community
68.4% $ 10,472,271
15.7% Research
68.4% Acute Care (Hospitals)
8.2% $ 15.7% $ 7.7% $
1,259,097 2,413,403
Research
8.2% Carewest & Community
Other Institutions
1,184,006 $ 15,328,777
Total Disbursements $15.3M
Total Funding Allocations $12.1M
Future Funding Commitments* $60.6M
0.8% Other Institutions
Funding Allocations by Location
Acute Care (Hospitals) Carewest & Community
63.0% $ 20.2% $ 16.0% $ 0.8% $
7,614,815 2,446,674 1,935,228
Disbursements vs. funding allocations While occasionally grant funding is provided for projects upfront such as research initiatives, Calgary Health Foundation’s primary method of disbursement is through a reimbursement of funds model to Alberta Health Services at milestones or at the completion or ready for use date. Therefore, we evaluate two concepts in advancing our mission: Disbursement, which are defined as cash funding provided during the past year, and Funding Allocations, which are commitments made for future disbursement. Many initiatives the Foundation is involved in have multiyear commitments for capital infrastructure, such as the funding of the Foothills Medical Centre Neonatal Intensive Care Unit, the new Gastroenterology (GI) Unit at Rockyview General Hospital and other large projects.
Total Disbursements
16.0% Research
63.0% Acute Care (Hospitals)
Capital Projects & Equipment
59.9% $ 13.2% $ 21.3% $ 5.6% $
9,182,040 2,023,941 3,268,796
Research
Programs & Education
Other Institutions
100,000 $ 12,096,717
20.2% Carewest & Community
Research**
Other Institutions
854,000 $ 15,328,777
5.6% Other Institutions
Outlook on Commitments As at March 31, 2023
Total ($)
Less than 1 year
2 years
3 years
4 years
21.3% Research
59.9% Capital Projects & Equipment
49,992,419 14,975,280 64,967,699
Funding commitments 1
18,438,197 9,966,880 28,405,077
14,016,026 5,008,400 19,024,426
13,970,196
3,568,000
Lottery prizes 2
-
-
Total commitments
13,970,196
3,568,000
13.2% Programs & Education
¹ Funding commitments include approved projects with either a signed Funding Agreement or signed Memorandum of Understanding. ² As at March 31, 2023, Calgary Health Foundation had committed to purchasing prizes of $6.3 million for the 2023 Foothills Hospital Home Lottery and $3.7 million for the 2023 Hospital Home Lottery. Calgary Health Foundation had also committed to purchasing prizes for the 2024 Foothills Hospital Home Lotteries totaling $4.0 million and for the Hospital Home Lotteries totaling $1.0 million. The 2023 lotteries will be completed in fiscal 2024 and the 2024 lotteries will be completed in fiscal 2025.
* Includes funding allocations and commitments with signed agreements from past years, which have not yet been disbursed. ** Includes disbursements to the University of Calgary.
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