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Montreal General Hospital Foundation

1650 Cedar Ave., Room E6-129 
Montreal, QC H3G 1A4
President & CEO: Jean-Guy Gourdeau
Board Chair: Andrew T. Molson

Website: www.mghfoundation.com
Charitable Reg. #: 11900 0974 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

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 upon request [ Audited financial statement for most recent year ]

Need for Funding

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 #14

Avg. Compensation $91,414

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 7
< $40k 1
Information from most recent CRA Charities Directorate filings for F2017

About Montreal General Hospital Foundation:

Founded in 1973, Montreal General Hospital Foundation (MGHF) raises funds to support research, equipment, and training at Montreal General Hospital, McGill University Health Centre (MUHC), and 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 awards and scholarships.

The grant breakdown among research, equipment, and training is not provided. Each year, Montreal General Hospital Foundation provides research awards to 80 medical and nursing clinical researchers. In F2017, Montreal General Hospital (MGH) 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 — 50% for patients that exercise prior to surgery will return to their baseline health compared to 35% of patients that do not exercise before surgery. MUHC’s Peri Operative Program implements exercise, healthy eating, and physiological counselling, and over 80% of its patients return to their baseline health post-surgery.

Financial Review:

Montreal General Hospital Foundation is a Large-sized charity with $12.0m in donations in F2017. Administrative and fundraising costs are 19% of revenues. For every dollar donated, 81 cents go to the cause, falling within Ci’s reasonable range for overhead spending. The charity has funding reserves of $150m, which cover 11.6 years of annual program costs. This coverage shows that MGHF lacks a need for funding. Total funding reserves include $47.6m in endowed funds but the charity does not break out funds endowed externally by donors.

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

Updated on July 6, 2018 by Joeyanne Cheung.

Financial Ratios

Fiscal year ending March
201720162015
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 Statements

All figures in $000s
201720162015
Donations 12,03914,08415,592
Investment income 7,5124,87214,440
Other income 4243690
Total revenues 19,97519,32530,032
Grants 12,94314,49313,714
Fundraising & administrative costs 2,3722,3062,025
Other costs 6826001,066
Cash flow from operations 3,9781,92513,227
Funding reserves 150,386138,211145,422
Note: Investment management fees are included under other costs.

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