Montreal General Hospital Foundation
Montreal, QC H3G 1A4
President & CEO: Jean-Guy Gourdeau
Board Chair: Andrew T. Molson
Charitable Reg. #: 11900 0974 RR0001
Grade: CThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #14
Avg. Compensation $91,414
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||7|
About Montreal General Hospital Foundation:
Founded in 1973, The Montreal General Hospital Foundation’s (MGHF) mission is to provide vital support for vital care. The MGHF is mandated to raise money, manage significant funds, and invest responsibly in healthcare research, training and technology at the Montreal General Hospital (MGH), the McGill University Health Centre and, more broadly, within the McGill academic health network. Montreal General Hospital Foundation granted $12.9m in F2017 of which $11.1m went to research and hospital services and $1.8m went to 80 medical and nursing clinical research awards and scholarships.
The grant breakdown among key department was provided: 29% of support went to Surgery, 27% to Medicine, 9% to Oncology, 8% to Orthopaedics, 5% to Anesthesia & Pain Centre and 22% to other programs.
The grant breakdown among research, equipment, and training is not provided. In F2017, Montreal General Hospital had 150,000 day visits, 36,500 emergency patient visits, 10,000 surgeries, 9,500 admissions, and 1,500 admitted trauma patients. As part of its training program, MGH had 675 residents and 580 nursing students in F2017. Through its injury prevention program, MGHF invited ten high schools to MGH’s trauma centre to educate youth and change their attitude toward risky behaviour.
Results and Impact: MGH’s surgery department established a bariatric (weight-loss) surgery treatment that is the first to reverse diabetes and prevent the consequences of diabetes. A study at McGill University Health Centre showed that exercise before surgery improves recovery — if patients do nothing before surgery, only 35% of them will return to their baseline condition. That rate increases to 50% when patients undergo rehabilitation after surgery. However, no less than 80% of patients who enter the Peri Operative Program return to baseline. MUHC’s Peri Operative Program implements exercise, healthy eating, and physiological counselling.
Montreal General Hospital Foundation is a Large-sized charity with $12.0m in donations in F2017. Administrative and fundraising costs are 19% of revenues less investment income. For every dollar donated, 81 cents go to the cause. This cost efficiency is within Ci’s reasonable range for overhead spending.
The charity has funding reserves of $150m, of which $47.6m are donor endowed. Excluding donor endowed funds, MGHF's funding reserves cover 9.7 years of annual program costs. This coverage ratio does not show a need for funding. In addition, MGHF reports donation pledges of $6.2m that are yet to be included in donations. MGHF reports commitments to spend $8.2m in F2017 ($531k in F2016) on Research Institute renovations, innovative medicine and surgical platform projects and the functional MRI renovation and installation.
Total funding reserves include $47.6m in endowed funds. In F2017 MGHF reviewed its funds and reclassified $49.7m of funds that were previously classified as "endowed" to "restricted funds". As such, reported endowed funds dropped from $96.0m in F2017 due to an accounting reclassification.
This charity report is an update that has been sent to Montreal General Hospital Foundation. Changes and edits may be forthcoming.
Updated on August 24, 2018 by Joeyanne Cheung.
Financial RatiosFiscal year ending March
|Fundraising & admin costs as % of revenues||19.0%||16.0%||13.0%|
|Program cost coverage (%)||1,161.9%||953.7%||1,060.4%|
Summary Financial StatementsAll figures in $000s
|Fundraising & administrative costs||2,372||2,306||2,025|
|Cash flow from operations||3,978||1,925||13,227|