T h e D o n o r B u l l e T i n

2009-2010

...a proud partner in the McGill University Health Centre

someday isNOW

This will be the hospital that we turn to for trusted medical assistance. But what’s more, it’s the hospital our children and their children will come to know and embrace in their most vulnerable moments: it’s where their lives may be saved; where their children may be born; where their pivotal moments may be faced. It is our legacy

to them of what healthcare should be – the healthcare they deserve.

Every detail has been meticulously considered in the creation of the new Glen Campus in order to create a state-of-the-art facility that will set

the global standard for healthcare. Clinicians and researchers will benefit significantly from the interconnected hospitals all located

on one site: the Royal Victoria Hospital, the Montreal Children’s Hospital, the Montreal Chest Institute, the Shriners Hospital for Children, the Comprehensive Cancer Centre, and the Research Institute – promoting higher efficiencies in the transfer of research and directly impacting the quality of patient care.

We invite every one of you to monitor the progress of the construction yourselves, by going online at royalvic.com.

Who best to explain the new hospital than those who have shaped the Royal Vic that we have always known and loved? On the pages that follow, take note of the Royal Vic staff and Foundation Board Members showing off elements of the New Vic.

Here is a quick sample of the projects you’ve helped support …

• AdatabasedesignedspecificallyfortheD.O.v.EProject(DetectingOVariancancerEarly)

• ConsolidationofObstetricsandGynecologyDepartmentsatthewomen’spavilion

• ConsolidationofEndocrineResearchonH5

• State-of-the-artCardiacSurgeryequipment

• ThecreationofaNursingResearchCentreforthebettermentofnursingpractices,proceduresandtechniques

• ANewbornHearingScreeningProgram,todetecthearingproblemsbeforetheyadverselyaffect

an infant’s development

• GeriatricsUnitRenovationstoimprovethequalityofcareforouroften-neglectedagingcommunity

• AgrantfortheCancerNutritionRehabilitationProgram

• Surgicalinstrumentsforbettersterilizationcontrolandreducedspreadofinfection

• RevampingoftheUrodynamicsprocedurearea,ensuringamoreefficienttestingfacilityfor

female bladder weakness

• TheestablishmentofaCardiologyResearchLab

• UpdatingoftheCardiologyReceptionarea

• RefurbishmentofMaternalFetalMedicineonF2

• TheWomen’sHealthyHeartClinic,designedtoincreaseawarenessforwomen

whoareatriskforHeartDisease

• Achronicdiseaseself-managementprogramthatimprovesthequalityoflife

of our chronically ill patients

• AgranttotheMeakins-ChristieLabforresearchintopulmonarydisease

• TheacquisitionofaMagneticResonanceSimulator(MRI)

• Agrantforcontinuedresearchinfertility

. . . and many more.

In all, we gifted $9.5 Million to the MUHC in 2009 / 2010 alone in

support of projects and equipment spanning a range of medical

disciplines and interests.

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Someday is now Projects 2009Atlonglast,weareatthebrinkofwitnessingtheconstructionofoneofthemostimportantmedicalfacilitiesinthiscountry.InMayof2009theGlensitebegantotakeshapeinearnest,withthelaunchofpreparationsforconstruction. The on-ramps leading to the site began to take shape; the sewage work was initiated; the hydro and telecommunications lines were installed; the promise we had made to our community was becoming a reality. In September2009,theMUHCunveiled,toanexclusive,300personaudience,thepreliminarytechnicalproposalspresented by the two consortiums bidding for the construction of the so-called “Superhospital”.

On April 1st, 2010, we broke ground.

The new Royal Victoria Hospital on the Glen Campus isn’t just about a building moving from one place to another:it’saboutarichhistoryofexcellenceinpatientcare,researchandeducationrecreatingitselfinaplacewhere patient care will improve leaps and bounds, research can finally meet its potential for innovation, and our education of future medical leaders can inspire the best and brightest to learn in this city and stay in this city.

21 state-of-the-art

operatingrooms

Dave S. Supersad, Royal Vic Security Officer

500 single-patient

rooms

Richard C. Pattee, RVH Foundation Board Member

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On April 1st, 2010, Quebec Premier Jean Charest, along with

Monique Gagnon-Tremblay (President of the Treasury Board and

Minister responsible for Governmental Administration), Dr. Yves

Bolduc(MinisterofHealthandSocialServices),MontrealMayorGérald

Tremblay,togetherwithSenatorDavidAngus(ChairmanoftheMUHC

Board)andtheHonorableDr.ArthurPorter(MUHCDirectorGeneral

andCEO),deliveredtheofficialannouncementthattheMcGillHealth

InfrastructureGroup,ledbySNC-Lavalin,had been chosen for the construction and maintenance of the leading-

edge facilities at the Glen Campus, as part of one of the world’s largest public-private partnerships. This site includes

the new Royal Victoria Hospital, the Montreal Children’s Hospital, the Comprehensive Cancer Care Centre, the

Chest Institute, the Shriners Hospital for Children, and the Research Institute. It was a momentous occasion, twelve years

in the making.

Celebrating Our Future while facing adversityIronically, all of this happened only weeks after the world-wide economic strain became a full-blown economic

crisis–themarketshitrockbottominMarch2009,throwingeveryoneintoaglobalrecession.TheRoyalVictoria

HospitalFoundationdidnotemergefromtherecessioncompletelyunscathed:ourloyaldonorscontinuedtoshow

us tremendous generosity in the face of hardship, but there was no manner in which we could entirely avoid the

adversitybeingfacedbyeveryothercharitableorganization.Wearetremendouslygratefultoourcommunityto

reportthat,throughoutthe2009/2010fiscalyear–attheheightoftheglobaleconomiccrisis–whileourdonations

declined(inlinewiththoseofothercharitableorganizations),thenumberofdonorswhoshowedtheirsupportfor

our work remained steadfast, and the number of contributions made by those donors was consistent with the prior year.

Relationship-Based FundraisingOne of the key factors to which we attribute our stability through the economic crisis, is our commitment to

relationship-basedfundraising.AttheRoyalVictoriaHospitalFoundationwearedeterminedtoservethecommunity

in their philanthropic aspirations. The desire to aid others in need is a natural and admirable instinct which we seek

to nurture in the people of our community. What this means in broad strokes is that we do not adhere to “fundraising

byanymeanspossible.”The15professionalsattheRoyalVictoriaHospitalFoundation,andtheBoardMembers

whofaithfullyrepresentthisFoundation,areconstantlyseekingtoimproveourcommunicationsandrelationswith

ourdonors,bothexistingandpotential.Wecontinuallyexplorenewwaysinwhichwecankeepourcommunity

abreastof,andinvolvedin,theFoundationandHospitaldevelopments–particularlyatthisextraordinarytimein

our history.

Women’s Health InitiativeOneofthewayswewillimpactourcommunity,andcreateandnurturekeyrelationships,isthroughourWomen’s

HealthInitiative.TheWomen’sHealthInitiative,spearheadedbytheRoyalVictoriaHospitalFoundation,supports

both the programs defined in the current Women’s Health Mission at the MUHC, as well as those belonging

toanexpanded, full-bodyviewofwomen’shealth.Wearenot introducingnewfacets intotheMUHC,weare

simplybringingaformalrecognitionofwhatservicesalreadyexistwithintheMUHCnetworkthatarecrucialto

thespecificandparticularneedsofawoman.TheMUHChaslongbeenacentralandirreplaceableresourcefor

women,andwiththededicatedassistanceofourWomen’sHealthCabinet–chairedbySaraPrice-Provencher–we

are now showcasing the areas that have not previously been highlighted to the community.

We are redefining what Women’s Health is, and we are inviting the women of this community to rally behind us, so

thatWomen’sHealthmayberecognized–inallitscomplexities–forwhatitisandwhatitcouldbe.

The Future of the Royal Victoria Hospital FoundationWeareproudtoconfirmthatwhentheRoyalVictoriaHospitalisconstructedontheGlensite(expecteddeliveryis

October2014)theHospitalwillkeepitsidentityinournewhomeandtheRoyalVictoriaHospitalFoundationwill

continue to provide crucial financial support for patient care, education and research.

On Our Way to the New SiteWhile we are very focused on securing all the necessary support to take us to what will be the largest healthcare facility of its kind in Canada, we continue our commitment to the current and ongoing needs of the hospital. Within

thenextfouryears–whilewearepreparingtomove–countlessliveswillbesaved,thousands of babies will be born, and the quality of life of our neighbours,

spouses, children, brothers and sisters depends on our capacity to provide support for the hospital. We are determined to ensure the continuity of

superlative healthcare even before we are able to provide an optimal environment. Andsowewill continue toworkwithour faithful

supporters - to care for the present and ensure for the future.

OnbehalfofourBoardofDirectors–allofwhomarededicatedvolunteers in our community – and every member of the Foundationteam(manyofwhomareprobablyfamiliartoyoubynow),wewishtothankyouformakingusyourcharityof choice. We don’t take your generosity for granted. There are many deserving charities that you could choose from, and the honour of being on the list of those you actively

support is very important to us.

Thank you for being the most important part of everything

we do.

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PeterDuffieldChairman of the Board

PaulanneJushkevich,MA,CFREPresident

$190Minvested

in medicalequipment

Peter Duffield, RVH Foundation Chairman of the Board

Our Journey of a Thousand MilesTakes a Leap Forward

Message from the Chairman of the Board, and the Foundation President

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In September 2008, our Board officially adopted the Donor Bill of Rights. The 10 principles outlined in the Donor Bill of Rights

define ethical practices on how we raise money, manage funds, and assure transparent governance of the contributions entrusted to us by our donors.

I.To be informed of the organization’s mission, of

the way the organization intends touse donated resources, and of its capacity to use donations effectively for their intended purposes.

II.To be informed of the identity of those serving

on the organization’s governing board,and to expect the board to exercise prudent judgement

in its stewardship responsibilities.

III.To have access to the organization’s

most recent financial statements.

IV.To be assured their gifts will be used forthe purposes for which they were given.

V.To receive appropriate

acknowledgement and recognition.

VI.To be assured that information about

their donations is handled with respect and withconfidentiality to the extent provided by law.

VII.To expect that all relationships with

individuals representing organizations of interestto the donor will be professional in nature.

VIII.To be informed whether those seeking

donations are volunteers, employees of theorganization or hired solicitors.

IX.To have the opportunity for their

names to be deleted from mailing lists thatan organization may intend to share.

X.To feel free to ask questions when making

a donation and to receive prompt, truthful andforthright answers.

A Donor Bill of RightsPHILANTHROPY is based on voluntary action for the common good. It is a tradi-tion of giving and sharing that is primary to the quality of life. To assure that phi-lanthropy merits the respect and trust of the general public, and that donors andprospective donors can have full confidence in the not-for-profit organizations andcauses they are asked to support, we declare that all donors have these rights:

D E V E L O P E D B YAmerican Association of Fund Raising Counsel (AAFRC)

Association for Healthcare Philanthropy (AHP)Council for Advancement and Support of Education (CASE)

Association of Fundraising Professionals (AFP)

E N D O R S E D B Y(in formation)

Independent SectorNational Catholic Development Conference (NCDC)

National Committee on Planned Giving (NCPG)Council for Resource Development (CRD)

United Way of America

Who we areTheMISSIONoftheRVHFoundationistoraise,manageandstewardfunds–primarilyinsupportoftheprioritiesoftheMUHC’sRoyalVictoriaHospital–fortheadvancementofpatientcare,research,andmedicaleducation,tothebenefitof the Montreal community and beyond.

WearedrivenbyourVISIONtoleadtheMontrealfundraisingcommunityininnovative,ethical,responsiblefundraisingthat demonstrates irreproachable accountability, and unmistakable transparency to our donors and the community we serve. We empower the Royal Victoria Hospital to achieve its most ambitious objectives through collaborative relationships with our philanthropic community.

WeareguidedbythefollowingVALUES:

GOVERNANCEAsacharitableorganizationsupportingoneofMontreal’slargestandmostreputable

health institutions, our first priority is the responsible handling of charitable donations and the dedicated stewardship of our donors. Whether you are

a first-time donor, a longstanding supporter, a major donor or making a modestgift,wearecommittedtoyourexperienceasavaluedpartofthis

Foundation,andtoensuringthatyourgiftishandledresponsibly.

ACCOUNTABILITYEthics is not an optional practice in the world of charitable giving, it is the only acceptable code of conduct. In our leadership role as professional fundraisers, supporting a vital Montreal institution, we acknowledge and assume responsibility for our actions, initiatives, decisions and policies. We strive for transparency and clarity in allthatwecommunicateandallthatwedo.WerecognizeandadheretotheDonorBillofRights(seenextpage)inallofouroperations, and hold ourselves accountable to all those who support us and our community at large.

PERFORMANCEPerformanceinfundraisingisnotsolelyabouthowmuchmoneyis raised. It’s about how the money was raised, what strategies were employed to raise the money, and how the money is used to the fullest advantage of the cause. In responsible, ethical fundraising, the ends do not justify the means – the means are the

mostimportantpart.Ourfundraisingpracticesaregovernedbytheinternationally-recognizedCodeofEthicalPrinciplesandStandards

establishedby theAssociationofFundraisingProfessionals (availableonourwebsite).

Michaela Panzera, Admitting Clerk

Lots of natural light encouraging rejuvenation

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FINANCIAL Report

Royal Victoria Hospital Foundation STATEMENT OF CHANGES IN FUND BALANCES

For the year ended March 31 2010 2009

Fund balances, beginning of year 81,245,497 89,070,698

Distribution to Cedars Cancer Institute at theMcGill University Health Centre (4,465,894) - Funds balances as adjusted 76,779,603 89,070,698

Excess (deficiency) of revenue over expenses (3,328,016) 2,498,655 Unrealized gain (loss) on available-for-sale financial assets during the year 8,121,052 (10,323,856) Fund balances - end of year 81,572,639 81,245,497

Royal Victoria Hospital Foundation STATEMENT OF FINANCIAL pOSITION March 31 2010 2009 ASSETS Current Cash 602,897 4,529,812 Other receivables 42,128 8,849Prepaid expenses - 5,829 645,025 4,544,490 Investments 83,064,988 79,269,603 Land and building 41,000,000 41,000,000 124,710,013 124,814,093 LIABILITIES AND CApITAL Current Accounts payable and accrued liabilities 322,530 213,827Due to the muhC 1,814,844 2,354,769 2,137,374 2,568,596

mortgage on land and building 41,000,000 41,000,000 43,137,374 43,568,596

Capital Fund balances 72,859,566 73,697,161Funds held by trustees Lord mount Stephen and Lord Strathcona Donations 7,120,815 6,176,136 Sir herbert S. holt Foundation 1,592,258 1,372,200 81,572,639 81,245,497 124,710,013 124,814,093

Royal Victoria Hospital Foundation STATEMENT OF OpERATIONS For the year ended March 31 2010 2009 REVENUE Donations and grants 3,901,851 6,257,397Estates 805,360 1,182,045Investment income 2,910,982 4,081,088Net proceeds from activities 609,560 2,191,048miscellaneous revenue 56,093 138,794Total revenue 8,283,846 13,850,372 EXpENSES Administrative and fundraising costs 1,694,137 1,825,401Investment management fees 280,221 311,600Total expenses 1,974,358 2,137,001 Excess (deficiency) of revenue over expenses 6,309,488 11,713,371 Distributions for the benefit of the MUHC (9,637,504) (9,214,716) Excess of revenue over expenses for the year (3,328,016) 2,498,655

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Over 34 000m2 of dedicated

research space

Scott Couet, Royal Vic Technical Services

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To inspire and engage the community to actively participate in the support of the McGill University Health Centre’s Royal Victoria Hospital.The Foundation uses a variety of fundraising strategies. We capitalize on the strengths of our team members to

ensure that our financial goals are met, and that our community members and generous supporters are properly

recognized for the significant role they play in the future of our hospital, and the face of Montreal healthcare.

Our Foundation is a melting pot of diverse professionals. The team brings an eclectic blend of proficiency, including

two Certified Fund Raising Executives and over 50 years combined experience in professional fundraising. We

continually trade innovative ideas on better ways to raise money, in a stronger, more timely fashion. Our mission

is not only a statement but a passionate, daily commitment. We raise over $5 million a year to meet the stated

priorities of the MUHC, and endeavour to keep administrative costs well within acceptable fundraising parameters.

What We Do

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ThisAnnualReportispresentedtoyoubytheBoardofDirectorsoftheRoyal Victoria Hospital Foundation 2009-2010:

Board MembersExecutive Committee

Chairman Peter Duffield AdministrativeDirector,Estracure

Vice-Chairman Richard C. Pattee

Treasurer Mattie Chinks President, AvmorLtd.

SecretarySophie PerronPartner,IrvingMitchellKalichmanL.L.P.

Members

Chair,Nominating& Governance Committee Robert Cowling

Chair,AuditCommitteePeter DunnDirector,HoldenAssetsManagements

Chair, Investment Committee Russell Hiscock PresidentandChiefExecutiveOfficer CNInvestmentDivision

Chair, Grants CommitteeAlgis JanusauskasManagerPensionInvestment,ImperialTobaccoCanadaLtd.

Chair,HumanResources& Compensation Committee Kerry Lanthier

Ian Barry Scott

France Denis-Royer ChiefClinicalPerfusionist,RVH

Jacques Genest, M.D.ChiefofCardiology,MUHC

Marsha Hunter President,RVHAuxiliary

John Kalaydjian PortfolioManager,The Shapiro Group RBC

Valerie Laidley-Price

Wilson McLean

Gregory Menzies VicePresident,EasternCanada FirstCapitalAssetManagementCorporation

Paul R. MarchandCounsel,BordenLadnerGervaisLLP

Gwen A. Nacos President,NaturalFursInternationalInc.

Sam RedaViceChairman,Fiera-Sceptre

ImmediatePastChair Glenn R. Rourke

Melissa SonbergVicePresident,AeroplanLP

Your Foundation Team

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LEED® certification to

reduce our environmental footprint

Green spaces and

gardens CentralisedAmbulatoryServices

Private

patient

bathrooms

687PineAvenueWest,RoomA1.07,Montreal(Quebec)H3A1A1 Tel.:(514)843-1543www.royalvic.com

2700parkingspaces

A ResearchCentre for InnovativeMedicine

Talisa PintoAdmitting Clerk

Wilson McLean RVH Foundation Board Member

Marlon PeartTransport Services

France Denis-Royer RVH Foundation Board Member

Glenn R. RourkeRVH Foundation Board Member

Immediate Past Chair

Dr. Jean TchervenkovDirector of Renal & Pediatric TransplantationHepatobiliary & Pancreatic Surgery

An importanteconomic enginefor Montreal

Separateelevators for

patient transportation

Bonnie CourteRoyal Vic Nurse Clinician

John KalaydjianRVH Foundation Board Member