Montreal Children's Hospital Foundation

1420-3400, de Maisonneuve Blvd. West
Montreal, QC H3Z 3B8
President: Marie-Josée Gariépy
Board Chair: Greg Rokos

Charitable Reg. #: 11892 1543 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Social Results Reporting

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 ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #34

Avg. Compensation $77,120

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 4
$80k - $120k 4
$40k - $80k 1
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Montreal Children's Hospital Foundation:

Established in 1973, the Foundation works to support excellence in care at the Montreal Children's Hospital (MCH) of the McGill University Health Centre. The MCH Foundation raises funds to support research, the acquisition of cutting-edge equipment, the development of innovative clinical programs, and the advancement of teaching. MCH had 205,000 patient visits in 2014, with 5,648 of these patients admitted to the hospital.

In F2014, the Foundation granted $7.1m (59% of total program spending) to MCH for research equipment and services, $1.8m (15%) for hospital equipment and services, $1.5m (13%) for renovations, rent and other priorities, and $1.6m (13%) for other restricted contributions.

Financial Review:

In F2014 MCH Foundation's administrative costs were 18% of revenues, while fundraising costs were 7% of donations. The Foundation has funding reserves of $103m, of which $34m are donor-endowed. Excluding these endowed funds, reserves cover annual grants 6.6 times.

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

Updated August 12, 2015 by Zoe Best.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 18.3%15.5%16.5%
Fundraising costs as % of donations 6.5%5.5%5.4%
Program cost coverage (%) 852.0%646.1%644.3%

Summary Financial Statements

All figures in $000s
Donations 21,09323,23019,694
Special events 00545
Investment income 3,0751,1002,469
Total revenues 24,16824,33022,708
Grants 12,08313,94512,326
Administrative costs 3,8623,6013,330
Fundraising costs 1,3711,2781,093
Cash flow from operations 6,8535,5065,959
Funding reserves 102,94990,10079,412
Note: Ci did not include realized gains in investment income, changing revenues by ($6.1m) in F2014, ($4.1m) in F2013, and $1.6m in F2012. Ci included investment management and custodian fees in expenses, increasing revenues and expenses by $227k in F2014, $233k in F2013, and $202k in F2012.

Comments added by the Charity:

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