I am a longtime supporter and contributor to our hospital through the Peace Arch Hospital & Community Health Foundation.
It is with interest I perused the latest financial statements (2014) on the PAH foundation website and I have a few questions:
Why does it take 13 staff members to collect $2.5 million in donations at a cost of $1.319 million for wages and administration?
Most of the gross revenue is unrealized as gains on securities and passive interest income. The majority of the real work done is for fundraising and disbursements, and the 2014-15 disbursements were only $713,000.
It seems to me that the PAH foundation is a make-work project and contributors are not getting the full story.
Lynne Spence, Surrey