Michael Smith Foundation for Health Research
Publicly funded institution · Vancouver, British Columbia · BN 888674710RR0001 · Foundations
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($41,109,708) as filed with the CRA.
Michael Smith Foundation for Health Research is a charitable organization based in Vancouver, British Columbia, classified by the CRA under foundations. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending March 31, 2024, it reported $41.1M in revenue and $41.1M in expenditures.
Its funding that year was roughly 76% from government. Government funding is the majority of its budget. In 2024, 3 other registered charities reported granting it a combined $120K.
Compared with 23 grantmaking institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 39% of peers. Its highest-paid position fell in the $300,000–349,999 range. The charity reported 72 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $24.3M in 2020 to $41.1M in 2024. Its filed list of directors and trustees shows 13 names.
In its own words
Annual peer-reviewed funding award/grant competitions projects and activities that foster talen development in bc; support provincial health system priorities health system transformation and innovation; build capacity for research uptake; and optimize provincial health research investment through partnerships.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $41.1M | $41.1M | $36.8M | — | — | $3.3M |
| 2023 | $40.6M | $40.6M | $34.8M | — | — | $3.3M |
| 2022 | $41.6M | $41.3M | $36.3M | — | — | $0 |
| 2021 | $29.9M | $29.9M | $24.6M | — | — | $0 |
| 2020 | $24.3M | $24.3M | $19.2M | — | — | $0 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $120K from 3 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $300,000–349,9991 position
- $200,000–249,9991 position
- $160,000–199,9994 positions
- $120,000–159,9994 positions
- Permanent full-time positions72
- Total compensation, all staff$9.3M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Elinor Wilson (board chair); Max Blouw (director); Doug Cochrane (director); Kathryn Hayashi (treasurer); Geoffrey Payne (secretary); Sunny Loo (director); Lyana Patrick (director); Richard Rees (board vice-chair); Ian Rongve (director); Martin Schechter (director); Sally Thorne (director); Glen Copping (director); Gina Ogilvie (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Michael Smith Foundation for Health Research’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 888674710RR0001), or read how we compute the receipt.