The Royal Alexandra Hospital Foundation, established in 1984, is dedicated to improving healthcare outcomes for the numerous individuals who seek treatment at the Royal Alexandra Hospital in Edmonton every year. Through capital campaigns, the annual Full House lottery, and various fundraising initiatives, the foundation provides a platform for individuals and organizations to support the hospital's number one priority: building better healthcare. The foundation funds advanced education, cutting-edge research, next-generation technologies, and facility improvements that enhance patient care and experiences.

It also supports specialized medical centres of excellence located at the Royal Alexandra Hospital campus, such as the Lois Hole Hospital for Women, the CK Hui Heart Centre, the Orthopedic Surgery Centre, and the Eye Institute of Alberta. The Royal Alexandra Hospital Foundation values excellence, innovation, integrity, respect, strong relationships, and stewardship. It is accredited by Imagine Canada for its excellence and compliance in key areas of operations and has been recognized as one of Alberta's Top 70 Employers for 2021.

By inspiring community support, the foundation strives to improve the health of Albertans and make a lasting impact on the Royal Alexandra Hospital and its medical centres of excellence