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We are proud to report the impact of our donors’ dollars to BC’s respiratory frontline.
ANNUAL REPORT
Peter Merola, Board Chair
Report from the Board Chair
Advancing Respiratory Innovation and Healthcare through Philanthropy
As we celebrate 80 years of service, we reflect with pride on the lasting relationships that have shaped TB Vets Foundation’s work across British Columbia. Our donors, partners, and community members remain the inspiration behind everything we do.
On behalf of the Board of Directors, thank you for your generosity and trust throughout 2024–2025. Your support has strengthened respiratory care, advanced research, and ensured critical equipment reached communities where it is needed most.
Strong governance and stewardship remain central to our responsibilities as a Board. We are committed to ensuring that every dollar entrusted to TB Vets Foundation is managed with care, transparency, and accountability, while staying responsive to the evolving respiratory health needs of British Columbians
Thank you for being part of our 80-year legacy.
With Sincere Gratitude

Peter Merola
Board Chair
Financial highlights - 2024 / 2025
In 2024-2025, TB Vets Charitable Foundation’s cost per dollar was 21 cents (excluding community awareness and public engagement), which is lower than the industry average of 26 cents.
Thanks to our donors, our 2024-25 consolidated revenue, including investments, totalled $2,357,925. Together with our donors and supporters, we have made a direct and significant impact on respiratory care in our province.
The following financial highlights are based on TB Vets’ audited financial statements for the fiscal year ending September 30, 2025. The Foundation’s statements are audited by Rolfe Benson LLP Chartered Professional Accounts and are available on our website at: tbvets.org/ audited-financials