CHU Dumont Foundation

330, avenue Université
Moncton, NB E1C 2Z3
Executive Director: Jacques B. LeBlanc
Board Chair: René Collette

Website: www.chudumont.ca
Charitable Reg. #: 89127 5141 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Results Reporting

Grade: C

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

95¢
75¢
avg
65¢
50¢
2016 2017 2018
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #11

Avg. Compensation $60,700

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 3
$40k - $80k 6
< $40k 1
Information from most recent CRA Charities Directorate filings for F2018

About CHU Dumont Foundation:

Founded in 1983, Dr. Georges-L.-Dumont Hospital Foundation (CHU Dumont Foundation) raises funds for the Dr. Georges-L.-Dumont University Hospital Centre in Moncton, New Brunswick. The money given to the hospital funds equipment, research, and lodging.

In F2018, CHU Dumont Foundation granted $1.5m, of which 63% went to the purchase of equipment, 30% went to research, and 7% went to the Mgr. Henri-Cormier Lodge. The grants allowed the hospital to purchase new equipment, including a Berchtold LED light which offers the highest quality lighting for surgical procedures, and an ultrasound system which allows doctors to capture 3D and 4D images of a fetus. CHU Dumont Foundation also actively funds cancer research in New Brunswick. In F2018, CHU Dumont Foundation’s grants allowed 1,800 people from the Oncology Centre to stay in the lodge, free of charge. The lodge holds up to 85 guests at a time and provides accommodations for patients receiving cancer treatments at the Oncology Centre who live over 100km away from Moncton.

Results and Impact:

In F2018, the foundation funded the purchase of a new blood testing machine. With this machine, the hospital can now confirm HIV tests at the hospital, reducing wait times for test results from 2-4 weeks to 1-2 days. 

Financial Review:

CHU Dumont Foundation is a medium-sized charity with $3.5m in donations and special events revenue in F2018. Administrative costs were 17% of revenues (excluding investment income) and fundraising costs were 17% of donations. For each $1 donated, 65 cents go to the cause. This is within Charity Intelligence's reasonable range for overhead spending. The foundation has funding reserves of $5.9m, which could cover granting at the F2018 level for almost four years.

The charity has committed $5.3m to Regional Health Authority, $160k to Services Palliatifs Communautaires Beausejour, and $35k to Fondation Stella Maris. The amounts are not required to be paid out in F2019, but instead as projects are finalized and money is required by the Hospital. 

This report is an update that has been sent to CHU Dumont Foundation. Changes and edits may be forthcoming.

Updated on July 3, 2019 by Stefan Tetzlaff.

Financial Ratios

Fiscal year ending March
201820172016
Administrative costs as % of revenues 17.3%21.7%14.3%
Fundraising costs as % of donations 17.3%17.3%15.3%
Program cost coverage (%) 389.8%326.5%201.6%

Summary Financial Statements

All figures in $s
201820172016
Donations 1,101,8461,064,2731,298,343
Lotteries (net) 078,85883,153
Special events 2,371,2551,966,2332,312,716
Investment income 55,44067,44217,153
Total revenues 3,528,5413,176,8063,711,365
Grants 1,525,4871,619,6952,146,812
Administrative costs 599,454675,914528,460
Fundraising costs 599,760523,047553,109
Cash flow from operations 803,840358,150482,984
Funding reserves 5,946,7495,287,6434,326,920
Note: Ci reported lotteries net of direct expenses in F2016 and F2017 based on information provided in historical annual reports. This decreased total revenues and expenses by $34k in F2017 and $30k in F2016. Lottery information was not reported in the F2018 annual report.

Comments added by the Charity:

No comments have been added by charity
Go to top