You may also like:
Fondation du CHUM (Fondation du Centre Hospitalier de L'Université de Montréal)
The patients are at the heart of the Fondation du CHUM's commitment.
Health - Hospital Foundation
Montreal, QC
Montreal Children's Hospital Foundation
Supporting excellence in care at The Montreal Children’s Hospital of the McGill University Health Centre
Health - Hospital Foundation
Montreal, QC
CHU Sainte-Justine Foundation
For the love of children
Health - Hospital Foundation
Montreal, QC

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

donor
endowed
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, 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.

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 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 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 6,8294,27113,374
Other income 4243690
Total revenues 19,29318,72528,965
Grants 12,94314,49313,714
Fundraising & administrative costs 2,3722,3062,025
Cash flow from operations 3,9781,92513,227
Funding reserves 150,386138,211145,422
Note: The fundraising and administrative cost is shown as a percentage of revenues less investment income. Net investment income is shown.

Comments added by the Charity:

No comments have been added by charity
Go to top