St. Mary’s Hospital Foundation is a 2-star charity. It has below average disclosure with a B- results reporting grade. It holds reserves outside Ci’s reasonable range and is not financially transparent. For every dollar donated to St. Mary’s Hospital Foundation, 92 cents are available to go to the cause.

Founded in 1973, St. Mary's Hospital Foundation raises money for St. Mary's Hospital Centre in Montreal. The hospital is a 271-bed teaching hospital affiliated with McGill University, providing primary and secondary care to the Montreal community. The charity manages and stewards funds to support programs, projects, and healthcare professionals for the advancement of patient care, research, and teaching.

St. Mary’s distributes funds across three main areas: Clinical Excellence and Education; Modernizing Infrastructure; and Improving Access and Quality of Care. In the fiscal year ending March 2026 (F2026), Ci estimates the charity distributed $7.4m in grants.

Clinical Excellence and Education accounted for 47% of grant disbursements in F2025. The program funds clinical research, training, and patient-experience initiatives across the hospital. The charity reports 17,332 visits to its Cancer Clinic and 101 active projects at St. Mary's Research Centre. It also funded a new caregiver space at the Geriatric Clinic and a virtual reality pilot that gave palliative care and oncology patients comfort and distraction during hospitalization.

Modernizing Infrastructure accounted for 27% of grant disbursements in F2025. The program funds new equipment and facility renovations. The charity acquired a state-of-the-art teaching microscope for its Hematology department and began a major renovation of the Department of Psychiatry's patient rooms and staff rest areas.

Improving Access and Quality of Care accounted for 26% of grant disbursements in F2025. The program funds initiatives that speed up and coordinate patient care. St. Mary's recorded 50,339 outpatient consultations, 35,904 emergency department visits, and 104,770 radiology examinations last year, along with 30,725 patients registered at its University Family Medicine Group.

St. Mary's Hospital Foundation does not clearly separate administrative costs from fundraising costs, which is not a best practice. Ci used the charity's T3010 filing with the CRA to calculate this breakdown. 

In F2026, St. Mary's Hospital Foundation earned $43.5 million in revenue: $37.1 million in donations (85% of total revenue) and $6.4 million in investment income (15% of total revenue). The large jump in donations from F2025 to F2026 ($13.9 million to $37.1 million, a 167% increase) is likely attributable to the charity's Next Century of Care campaign, a $100 million fundraising campaign launched in 2024.

Administrative costs are 6% of revenues (less investment income). Fundraising costs are 2% of donations. Total overhead is 8%. For every dollar donated to St. Mary’s Hospital Foundation, 92 cents are available for programs. This is within Ci's reasonable range. 

In F2026, St. Mary’s Hospital Foundation distributed $7.4m in grants (17% of total revenue), of which $7.2m (97% of total grants) went to St. Mary’s Hospital Centre. The charity recorded a $33.1m surplus and spent $1k on capital projects. 

St. Mary’s Hospital Foundation has $88.2m in net reserves. Of this, $11.4m is donor endowed. Excluding donor-endowed funds, St. Mary’s Hospital Foundation could cover 1120%, or roughly 11 years of annual program costs. This is outside Ci’s reasonable range of 300%.  

St. Mary's Hospital Foundation earned an estimated investment return of 9% in F2026, calculated as net investment income of $6.4 million divided by an average gross funding reserves balance of $71.5 million. 

This is a new charity report that has been sent to St. Mary’s Hospital Foundation for Review. Report created by Nick Reszetnik on July 17, 2026.