Montreal General Hospital Foundation
Montreal, QC H3G 1A4
President & CEO: Jean-Guy Gourdeau
Board Chair: David L. McAusland
Charitable Reg. #: 11900 0974 RR0001
Grade: C-The 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 #9
Avg. Compensation $124,247
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||1|
|$40k - $80k||3|
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.
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 RatiosFiscal year ending March
|Fundraising & admin costs as % of revenues||13.0%||11.8%||8.0%|
|Program cost coverage (%)||1,060.4%||863.6%||742.2%|
Summary Financial StatementsAll figures in $000s
|Fundraising & administrative costs||2,025||1,499||1,360|
|Cash flow from operations||2,384||(1,363)||1,465|