Jewish General Hospital Foundation

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

Charitable Reg. #: 10487 2304 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Social 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 ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #33

Avg. Compensation $65,705

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 4
$80k - $120k 6
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Jewish General Hospital Foundation:

Founded in 1969, Jewish General Hospital Foundation (JGHF) raises funds to support health care and research at the Jewish General Hospital. The Montreal-based hospital is McGill's primary teaching hospital. The hospital conducts 22% of the required training for medical students at McGill University. JGHF aims to provide the best health care services to the people of Quebec and invests in state-of-the-art equipment and technology to achieve its mission.

In F2015, Jewish General Hospital Foundation allocated $5.7m (22% of total program spending) to research programs, $7.0m (27% of total program spending) to buy equipment and gave $11.5m (45% of total program spending) to Jewish General Hospital for patient care. The hospital admits 24,000 patients and trains 650 student nurses every year. Jewish General Hospital Foundation supports research by funding the Lady Davis Institute, the research division of the hospital. Ongoing research at the institute covers cancer, epidemiology, HIV/AIDS, and psychosocial science. In F2015, Jewish General Hospital Foundation purchased a new ultrasound machine, updated the information management system and expanded the microbiology lab.

Financial Review:

Jewish General Hospital Foundation is one of Canada's Major 100 charities. It received donations and special event revenues of $33.6m in F2015. Administrative costs are 6% of revenues and fundraising costs are 22% of donations. Total overhead costs come to 29%, falling within Ci's reasonable range. JGHF has total funding reserves of $171.8m that can cover its annual program costs for 6.7 years. Excluding donor-endowed funds of $104.7m, funding reserves can cover annual programs costs for 3.3 years.

This charity report is an update that is being reviewed by Jewish General Hospital Foundation. Changes and edits may be forthcoming.

Updated on June 14th, 2016 by Mirza Ali Shakir.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 6.2%6.5%6.1%
Fundraising costs as % of donations 22.3%21.5%21.3%
Program cost coverage (%) 669.7%701.4%648.1%

Summary Financial Statements

All figures in $000s
Donations 21,61719,31119,355
Fees for service 4,0713,2272,622
Special events 12,01014,83716,430
Investment income 12,66415,54610,963
Other income 366366122
Total revenues 50,72953,28749,493
Grants 25,65123,34822,542
Administrative costs 2,3652,4392,337
Fundraising costs 7,5057,3437,637
Other costs 20020670
Cash flow from operations 15,00719,95116,907
Funding reserves 171,780163,758146,098
Note: Ci has removed endowment allocations from the income statement. Ci has adjusted revenues for changes in pledges receivables and changes in deferred contributions.  

Comments added by the Charity:

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