Friends of The Moncton Hospital Foundation is a 1-star charity. It is financially transparent and has a C- Results Reporting grade, which is below average. Its overhead spending is 40%, which is not within Ci’s reasonable range. Excluding donor endowments, its reserve funds can cover program costs for over 12 years, which is not within Ci’s reasonable range. Read Ci’s report before donating.

Founded in 1965, Friends of The Moncton Hospital Foundation (FMHF) raises money for The Moncton Hospital in Moncton, New Brunswick. The Foundation helps fund new technology, renovated spaces, and equipment to enhance patient care.

The charity granted $2.2m to The Moncton Hospital in the fiscal year ending March 2024 (F2024). FMHF funds three main areas: Patient care and equipment, capital expenditures, and research and staff support. The charity did not provide a spending breakdown for its grants.

Patient care and equipment bought new hospital technology to improve patient treatment. In F2025, FMHF funded a 3D Diagnostic Unit, which will help patients undergoing breast imaging. The charity purchased new Deep Brain Stimulation equipment, which helps treat patients with Parkinson’s Disease. It also purchased a transabdominal ultrasound that is used for patient examinations and minor surgery. FMHF also helped fund 9,731 surgeries and 45,322 emergency visits at The Moncton Hospital in F2025.

Capital expenditures fund the development and renovation of new buildings for The Moncton Hospital. In F2025, the charity funded a new obstetrics and newborn care unit. This unit supports various services including labour and birth, maternal fetal medicine, breastfeeding support, postpartum care, and more. In F2025, this new unit helped deliver 1,284 babies.

Research and staff support fund research projects and provide education grants for hospital staff. In F2025, the charity awarded 80 staff education grants.

Although Friends of The Moncton Hospital Foundation's audited financial statements provide some disclosure on how much it spent on grants, it did not separate its fundraising and administrative costs. This means FMHF follows line-item costing, which is not a best practice. Given this, Ci has used the charity’s T3010 filing with the CRA Charities Directorate for this allocation. The charity’s T3010 for F2025 was not released at the time of this update, so Ci has updated only until F2024.

FMHF received $3.8m in donations in F2024, which is 53% of total revenue. This is a 17% decrease from the $4.6m in donations in F2023. It earned $2.8m in investment income in F2024, which is 39% of total revenue. In F2024, it granted a total of $2.2m to The Moncton Hospital, which is 30% of revenue. FMHF recorded a surplus of $3.4m (46% of revenue) in F2024.

FMHF spent $845k on fundraising costs, which is 22% of donations. It spent $810k on administrative costs, which is 18% of revenue. FMHF has total overhead spending of 40%. For every dollar donated to FMHF, 60 cents are available to go to the cause. This is not within Ci’s reasonable range of 65-95.

FMHF had net lottery revenue of $322k after expenses of $62k. This means that for every dollar given towards the lottery, 84 cents went to the charity.

FMHF has $32.9m in reserve funds (cash and investments). It has donor endowments of $10.4m. Excluding donor-endowed funds, FMHF’s reserve funds can cover 1280% or nearly 12 years and ten months of its annual grant costs. This is not within Ci’s reasonable range of three years or less.

In F2024, FMHF had investment returns of 9%. It is 68% invested in pooled funds. Its investment returns have averaged 3% over the last five years.

This report is an update that has been sent to Friends of The Moncton Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on August 12^th, 2025, by Leah DeFrancesco.