Heart and Stroke produced the best-practice guidelines for stroke, and we have adapted them to work with how clinicians and institutions can treat stroke in this very challenging time. One of the realities is that despite all the quick action during COVID, we know there are going to be very significant lasting impacts, and for organizations such as ours, quite a reduced capacity to provide the kind of support we have always provided.
Like other health charities, we have had significant impacts from the pandemic. All our fundraising activities, except online, are largely on hold. We have already had an immediate revenue loss of $25 million, and have accordingly made many difficult decisions, including laying off nearly half our staff. At the same time, however, we recognize that heart disease and stroke affect nearly 1.6 million people every year, so we still need to be focused on going forward.
Within all the things we talk about in information and support and working with the health care community, the other function we also perform is funding. After the federal government, we are the second-largest funder of research into cardiovascular disease. We support some 700 researchers across the country, and our funding for them is quite precarious.
I think the challenge we're all quite concerned about is that health charities like ours have delayed or cancelled our competitions, and we're wondering about delaying payments. However, as COVID does create some research opportunities, many researchers and tremendous innovation, there are also hundreds of other research projects with years of money invested, millions of dollars, that are nearing completion and are now in danger of being wasted if we can't continue.
I think of all the partnerships among health charities that are more public and vocal and talking about the change that needs to happen, working closely with research institutions, researchers, scientists, clinicians and translating that science into action. Those partnerships are very successful, but they are at risk, and if we can't continue, not only is that knowledge translation at risk, but there will also be an erosion of expertise and a loss of progress on experiments and clinical trials. It's a very beautiful thing when it works, and a complementary piece that is so fundamental to caring for the many people with chronic disease in Canada.
Our focus and our appreciation of being able to speak with you today is to speak to the partnership among health charities. We've heard reference to the Imagine Canada partnership and the Health Charities Coalition of Canada that are asking for broad support for not-for-profits' and charities' operating costs. If we just focus on the research component of the help we need, we fund about 155 million dollars' worth of health research every year and are at a period where we're wondering if we're going to be able to continue to do so.
A way we could come forward and sustain that decades-long partnership—century-long partnership if you're the Lung Association; we're a mere 70 years old—is sustaining our ability to be part of that research and then to translate that research into impacts on patients.
I would mention two other small points. The federal government has made huge investments, $1.1 billion, in COVID. I think one of the questions is how much of that will look at the intersection between underlying medical conditions and compromised and vulnerable people and what those outcomes are. I think there's a real sense that it will be much worse for them, and we know that already.
The last point is that we as health charities have for a long time had many partnerships, including with the federal government. We're very open to solutions, and one idea is to do a partnered model by which we could match donor dollars with federal dollars, public dollars, to sustain some of those research investments.
At the Heart and Stroke Foundation, we've been very grateful to the federal government for the five-year, $5-million investment into research on women's heart and brain health, in which we matched donor dollars to federal dollars to really push women's health equity.
In closing, I would just echo not only my comments, but the comments of other witnesses. This is a precarious time for health charities, as it is for other organizations, but the intersection between the patient experience, the caregiver experience and health research and the translation of that into awareness, information and action is really a unique place in which the health charities operate.
We thank you for your consideration and attention to our requests.