Montreal General Hospital Foundation

1650 Cedar Ave., Room E6-129 
Montreal, QC H3G 1A4
President & CEO: Jean-Guy Gourdeau
Board Chair: David L. McAusland

Website: www.mghfoundation.com
Charitable Reg. #: 11900 0974 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 available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #9

Avg. Compensation $124,247

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 3
< $40k 4
Information from most recent CRA Charities Directorate filings for F2014

About Montreal General Hospital Foundation:

The Montreal General Hospital Foundation (MGHF), a founding partner of the McGill University Health Centre, raises funds in support of excellence in patient care, education and research, primarily at The Montreal General Hospital. These funds are applied to the priority needs of the Hospital and its patients, in accordance with the wishes of donors.

The Montreal General Hospital Foundation was formally established by Quebec charter in 1973 to build philanthropic support for The Montreal General Hospital.Over the last ten years, the Foundation has invested $119m at The Montreal General Hospital in pursuit of excellence in patient care, teaching and research. In F2014, MGHF invested some $12m in numerous projects – both large and small – to improve health care and to lay the foundation of the ongoing modernization and redevelopment efforts. MGHF presented more than 80 Research Awards totalling $2.8m to leading medical and nursing clinical researchers during 2013-2014.

Financial Review:

The Montreal General Hospital Foundation received $15.6m in donations in F2015. Administrative and fundraising costs costs are 13% of revenues. It has funding reserves of $142m, which cover annual grants to the Hospital 10.6 times.

This charity report is an update that is being reviewed by the foundation. Changes and edits may be forthcoming.

Updated on August 10, 2015 by Rohan Bhargava

Financial Ratios

Fiscal year ending March
201520142013
Fundraising & admin costs as % of revenues 13.0%11.8%8.0%
Program cost coverage (%) 1,060.4%863.6%742.2%

Summary Financial Statements

All figures in $000s
201520142013
Donations 15,59212,72016,954
Investment income 3,5973,8313,484
Total revenues 19,18916,55120,438
Grants 13,71415,72816,963
Fundraising & administrative costs 2,0251,4991,360
Other costs 1,066687650
Cash flow from operations 2,384(1,363)1,465
Funding reserves 145,422135,826125,894
Note: Ci adjusted revenues for gain on sale of investments, reducing revenues by $10.8m, $2.7m and $362.9k in F2015, F2014 and F2013 respectively. Investment management fees is included under other costs.

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