Nonprofit Accounting

Saint John Regional Hospital Foundation

Best practice resources for nonprofit financial leaders

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800.443.9441 | | July 2018 1 CUSTOMER SPOTLIGHT Saint John Hospital Foundation The Saint John Regional Hospital Foundation has served families of New Brunswick, Canada, for more than 30 years, with a vision of inspiring the power of community to transform healthcare. The Foundation has raised more than $85 million to date to provide world-class equipment, patient comfort, research, education, and mental health programs for the largest hospital in the Canadian province. Keeping Pace with Growth As the hospital grew, so did the complexities and challenges of managing the Foundation's accounts. The organization needed to effectively communicate financials to a variety of people—staff, management, a finance committee, and a board of directors—all of whom required different levels of detail. This task became even more complicated with three main funds and multiple endowments, all in the same database. Over time, managing the Foundation's financials became increasingly time- consuming and required more personnel, which also made the process prone to human error. The organization wanted a new way to quickly and efficiently enter, analyze, and report data that would align with existing staff and databases while keeping pace with business and growth. Saint John Regional Hospital Foundation is powered by: Blackbaud Raiser's Edge NXT® Blackbaud Financial Edge NXT® "One of the beautiful things about Blackbaud Financial Edge NXT is that it is real fund accounting software; it does the interfund transactions automatically!" —Sandra Clark, Director of Finance and Administration

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