Purpose and Scope
The Peer Advised Impact Fund Committee is responsible for the review and recommendation of funds from the Peer Advised Impact Fund. The committee will only recommend funding applications that align with the relevant fund purposes and criteria. Final approval of all funding will be issued by the Foundation.
Membership Composition
The committee will include:
- Foundation President & CEO (or designate) as Chair (Ex-Officio)
- RCH Executive Director (Ex-Officio)
- RCH Medical Director (Ex-Officio)
- Foundation staff representative as Secretary (Ex-Officio)
- Physicians, nurses, patient care coordinators, managers, and practice and clinic leaders that represent multiple departments of the hospital.
Notes:
- No more than 13 members in addition to ex-officio
- Members may serve a maximum of four consecutive years on the committee.
- All members of the committee must agree to and adhere to the Foundation Conflict of Interest and Privacy policies.
- All members of the committee, with the exception of Foundation staff, must be active RCH Staff 50/50 Lottery participants and/or annual donor to the Foundation
Decision-Making
Decision by consensus; members are to declare conflict of interests where applicable and must remove themselves from discussion and voting when a conflict arises. Final funding decisions will be made by the Foundation CEO on the advice of the committee.
Meetings
Committee members are not able to designate an alternate representative if unable to be present with the exception of the Foundation Board representative.
- The committee will meet three times per year at the Royal Columbian Hospital Foundation office.
- Quorum = 60% of members (inclusive of ex-officio)
- Meetings may be called by a Chair or Secretary.
Minutes and Reporting
The Secretary will maintain results of decisions and actions. The results will be shared following each meeting with RCH Program Managers for informational purposes. Committee members will review the Terms of Reference on an annual basis.
Process and Procedures
- The Secretary will receive all completed applications. Please note: incomplete applications will not be accepted.
- Members will meet three times per year to consider applications.
- Only a Foundation representative may notify applicants whether or not they were approved.
Applications and Acceptance
- Applications will be accepted for hospital equipment costing $10,000 and less (including all taxes and shipping) that will directly impact patient care at the hospital.
- Anyone working at the Royal Columbian Hospital is eligible to submit an application.
- Preference will be given to:
- Equipment that RCH currently does not have..
- Innovative equipment with demonstrated ability to improve patient comfort and/or care for a wide-range of patients
- Equipment that enhances a health care provider’s ability to more safely and effectively care for their patients.
- At no one meeting will the Committee approve equipment costing more than 40% of the available funds for that year. This can be amended by the Foundation CEO at their discretion for any meeting. The same applications may be submitted twice after which, if unfunded, may not be resubmitted.
Funding
- Each year on March 31st, The Foundation will determine the annual Peer Advised Impact Fund allowance. The determined amount is to de dispersed equally over 3 meeting periods.
- The Peer Advised Impact Fund will be funded by undesignated equipment donations and the RCH Staff 50/50 Lottery.
- The funding year will run from April to March with funds available for the given year set in March.
Amendments
- Any amendments to the Terms of Reference require approval by the President & CEO, Royal Columbian Hospital Foundation
Peer Advised Impact Fund (PAIF)
Purpose and Scope
The Peer Advised Impact Fund Committee is responsible for the review and recommendation of funds from the Peer Advised Impact Fund. The committee will only recommend funding applications that align with the relevant fund purposes and criteria. Final approval of all funding will be issued by the Foundation.
Membership Composition
The committee will include:
- Foundation President & CEO (or designate) as Chair (Ex-Officio)
- RCH Executive Director (Ex-Officio)
- RCH Medical Director (Ex-Officio)
- Foundation staff representative as Secretary (Ex-Officio)
- Physicians, nurses, patient care coordinators, managers, and practice and clinic leaders that represent multiple departments of the hospital.
Notes:
- No more than 13 members in addition to ex-officio
- Members may serve a maximum of four consecutive years on the committee.
- All members of the committee must agree to and adhere to the Foundation Conflict of Interest and Privacy policies.
- All members of the committee, with the exception of Foundation staff, must be active RCH Staff 50/50 Lottery participants and/or annual donor to the Foundation
Decision-Making
Decision by consensus; members are to declare conflict of interests where applicable and must remove themselves from discussion and voting when a conflict arises. Final funding decisions will be made by the Foundation CEO on the advice of the committee.
Meetings
Committee members are not able to designate an alternate representative if unable to be present with the exception of the Foundation Board representative.
- The committee will meet three times per year at the Royal Columbian Hospital Foundation office.
- Quorum = 60% of members (inclusive of ex-officio)
- Meetings may be called by a Chair or Secretary.
Minutes and Reporting
The Secretary will maintain results of decisions and actions. The results will be shared following each meeting with RCH Program Managers for informational purposes. Committee members will review the Terms of Reference on an annual basis.
Process and Procedures
- The Secretary will receive all completed applications. Please note: incomplete applications will not be accepted.
- Members will meet three times per year to consider applications.
- Only a Foundation representative may notify applicants whether or not they were approved.
Applications and Acceptance
- Applications will be accepted for hospital equipment costing $10,000 and less (including all taxes and shipping) that will directly impact patient care at the hospital.
- Anyone working at the Royal Columbian Hospital is eligible to submit an application.
- Preference will be given to:
- Equipment that RCH currently does not have..
- Innovative equipment with demonstrated ability to improve patient comfort and/or care for a wide-range of patients
- Equipment that enhances a health care provider’s ability to more safely and effectively care for their patients.
- At no one meeting will the Committee approve equipment costing more than 40% of the available funds for that year. This can be amended by the Foundation CEO at their discretion for any meeting. The same applications may be submitted twice after which, if unfunded, may not be resubmitted.
Funding
- Each year on March 31st, The Foundation will determine the annual Peer Advised Impact Fund allowance. The determined amount is to de dispersed equally over 3 meeting periods.
- The Peer Advised Impact Fund will be funded by undesignated equipment donations and the RCH Staff 50/50 Lottery.
- The funding year will run from April to March with funds available for the given year set in March.
Amendments
- Any amendments to the Terms of Reference require approval by the President & CEO, Royal Columbian Hospital Foundation