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Jewish General Hospital Foundation

3755 Cote-Sainte-Catherine Road, A-107
Montreal, QC H3T 1E2
President & CEO: Myer Bick
Board Chair: Edward Wiltzer

Website: www.jghfoundation.org
Charitable Reg. #: 10487 2304 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: B

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

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #28

Avg. Compensation $84,756

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 3
$80k - $120k 5
$40k - $80k 1
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About Jewish General Hospital Foundation:

Founded in 1969, Jewish General Hospital Foundation (JGHF) raises funds to support health care and research at Jewish General Hospital. The Montreal-based hospital is a tertiary-care, McGill University teaching hospital that trains around 22% of the university’s medical students.

In F2017, Jewish General Hospital Foundation allocated approximately 39% of total program spending to Jewish General Hospital’s patient care, 30% to renovations and equipment purchases, and 28% to research. The hospital admits 24,000 patients and trains 650 student nurses yearly. Some of the hospital’s capital projects supported in F2017 include the following: fully renovating and computerizing a nephrology centre; renovating and expanding the 6,000 square foot Pathology Laboratory; and opening the Department of Psychiatry’s Mental Health Education Centre, which includes 5 offices and 2 teaching rooms. In 2017, the foundation also supported equipment purchases, including a new, portable 3D ultrasound that measures urinary bladder volume; two handheld, portable diagnostic Spirometers; two mobile carts for bedside use in the emergency department; and a new, portable intraoral camera for the dentistry department to take digital diagnostics and show patients images of their mouths. Jewish General Hospital Foundation supports research by funding Lady Davis Institute, the research division of the hospital. Ongoing research at the institute covers cancer, epidemiology, HIV/AIDS, and psychosocial science. JGHF announced that its 2017 research LDI/TD Bank Scholarships supported six masters and PhD students.

Results and Impact: Jewish General Hospital Foundation reports ongoing financial support for a safety study of Intraoperative Radiation Therapy for treating early-stage breast cancer. The treatment delivers the full radiation treatment at the patient’s time of surgery with great precision, reducing treatment time from three to six weeks down to a few minutes. The treatment successfully treated 7 early-stage breast cancer patients, a skin cancer patient, and 20 colorectal cancer patients, and aims to treat 60 patients annually. In its Spring 2018 Newsletter, the foundation reports a study from Lady David Institute that found 153 new gene variants associated with bone mineral density loss, which is the strongest clinical risk factor for osteoporosis.

Financial Review:

Jewish General Hospital Foundation is a Major 100 charity with donations and special event revenues of $55.5m in F2017.  Administrative costs are 4% of revenues. Fundraising costs are 14% of donations and special events revenues, falling significantly from 28% in F2015. For every dollar donated, 81 cents go to the cause, falling within Ci’s reasonable range for overhead spending. JGHF has total funding reserves of $174.0m that can cover its annual program costs for 6.4 years. Excluding donor-endowed funds of $109.2m, funding reserves can cover annual programs costs for 3.0 years.

This charity report is an update that has been sent to Jewish General Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on July 16, 2018 by Joeyanne Cheung.

Financial Ratios

Fiscal year ending March
201720162015
Administrative costs as % of revenues 4.2%5.0%7.0%
Fundraising costs as % of donations 14.4%18.5%27.8%
Program cost coverage (%) 641.0%302.0%668.1%

Summary Financial Statements

All figures in $000s
201720162015
Donations 43,59027,90315,012
Fees for service 3,4022,7664,071
Special events 11,93111,80712,010
Investment income 14,272(3,698)12,491
Other income 366366366
Total revenues 73,56139,14343,950
Grants 27,14450,78825,651
Administrative costs 2,4582,1522,191
Fundraising costs 8,0157,3297,505
Other costs 189195200
Cash flow from operations 35,755(21,321)8,402
Funding reserves 174,003153,387171,372
Note: Ci has removed endowment allocations from the income statement, reducing program costs and expenses by $2.8m in F2017, $3.0m in F2016, and $3.5m in F2015. Ci has adjusted revenues for changes in deferred contributions, increasing revenues by $18.9m in F2017, ($8.3m) in F2016, and ($6.6m) in F2015. Ci reported investment management fees under investment income, lowering revenues and expenses by $149k in F2017, $154k in F2016 and $174k in F2015. Ci removed net transfers from deferred contributions to fundraising events, reducing revenues by $2.1m in F2017, ($1.2m) in F2016, and $3.8m in F2015.

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