CharityIntelligence Canada
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Montreal Sacre-Coeur Hospital Foundation

5400 boul. Gouin Ouest
Montreal, QC H4J 1C5
Board President: Michel Bourgeois
CEO: Benoit Tremblay

Charitable Reg. #: 11892 1584 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Results Reporting

Grade: B-

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 through official request for information from Canada Revenue Agency [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #8

Avg. Compensation $90,484

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 0
$40k - $80k 5
< $40k 1
Information from most recent CRA Charities Directorate filings for F2015

About Montreal Sacre-Coeur Hospital Foundation:

Founded in 1976, Sacré-Coeur Hospital Foundation of Montreal raises funds in support of Hôpital du Sacré-Coeur Montréal (HSCM), one of the largest teaching hospitals in Canada. The hospital is part of the Centre for Integrated Health and Social Services on the North Island of Montreal. The hospital has the second largest catchment area in Montreal, serving 22% of the total Montreal population. Services at the hospital include: emergency and intensive care; cardiology and cardiac surgery; respiratory health; mental health; tertiary orthopedics; and minimally invasive gastric surgery.

Since its founding, the Foundation has granted more than $75m to the hospital. In F2016, $2.2m was granted to the hospital, of which 23% ($500k) was allocated to research, according the Foundation's annual report. The research centre has 60 researchers, 112 associate researchers and 176 students who cover 3 sectors of research: chronic illness, neurophysiology, and traumatology. Approximately 300 papers have been published by the HSCM research team.

In F2016, the Foundation announced that $12.4m would be granted to the hospital to build a new trauma centre, mother and child unit, and endoscopy unit. The new building will have 10 beds, 6 additional rooms, 2 intervention rooms, and 8 neonatal incubators. It is expected to be opened in 2019 and completed in 2020.

Financial Review:

Sacré-Coeur Hospital Foundation of Montreal is a medium-sized charity with $4.1m in donations and special events fundraising in F2015. Administrative costs were 18% of revenues and fundraising costs were 26% of donations. As such, for every $1 donated, 56 cents went to grants to the hospital. This falls outside of Charity Intelligence’s reasonable range of overhead spending.

The Foundation has $41.5m in funding reserves, of which $50k are donor-endowed funds. Excluding donor-endowed funds, the Foundation’s funds can cover annual grants to the hospital 9.8 times.

This charity report is an update that is currently being reviewed by Sacré-Coeur Hospital Foundation of Montreal. Changes and edits may be forthcoming.

Updated on June 26, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 18.1%13.0%9.9%
Fundraising costs as % of donations 25.6%17.7%14.4%
Program cost coverage (%) 977.5%846.6%1,187.4%

Summary Financial Statements

All figures in $000s
Donations 2,2933,6895,179
Business activities (net) 1,040942734
Special events 1,8551,8001,645
Investment income 8113,0026,141
Total revenues 6,0009,43313,699
Grants 4,2444,9363,114
Administrative costs 940839746
Fundraising costs 1,063970984
Other costs 146135118
Cash flow from operations (394)2,5538,737
Funding reserves 41,48841,78936,980
Note: Ci reported business activities net of related expenses, decreasing revenues and expenses by $3.4m in F2015, $3.5m in F2014, and $3.3m in F2013.