Fondation du CHUM (Fondation du Centre Hospitalier de L'Université de Montréal)
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
C+
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
69%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 69 cents are available for programs.
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Programs
About Fondation du CHUM (Fondation du Centre Hospitalier de L'Université de Montréal):
Founded in 1998, through the merger of foundations of Montreal’s Hotel-Dieu, Notre-Dame and Saint-Luc hospitals, Fondation du CHUM raises funds for Centre Hospitalier de L’Universite de Montreal (CHUM). The foundation reports that CHUM is a state-of-the-art hospital that provides the best specialized and ultraspecialized care to patients and to the entire Quebec population. In F2019, the foundation granted $11.8m to the hospital which went to: the new CHUM facility (60%), CHUM’s research centre (22%), equipment, research and training (15%), and research chairs and scholarships (3%).
In F2019, Fondation du CHUM’s grants allowed the hospital to buy two 3D printers for the hospital’s radio-oncology department. The foundation also helped CHUM become the first hospital in Canada to acquire the NGENUITY eye surgery technology which equips surgical teams with 3D glasses. It is estimated that approximately 1,000 surgeries can be carried out annually at CHUM with this new technology. Lastly, the foundation equipped the hospital and its research center with CITADEL, a center integration and analysis software that brings together medical data of the nearly four million patients treated at the hospital since 1998. In September 2017, the new CHUM hospital opened – a $2.5b project with 39 operating rooms, 415 exam rooms, 25 floors (including 5 basements), and 772 rooms.
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Results and Impact
Ci chose to highlight the following results:
One of the hospital's neuroscience researchers made headlines in F2019 by finding that insulin could be used to treat glaucoma by stimulating regeneration of dendrites (a component of the neurons of the optical nerve).
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Finances
Ci is reporting the most recent statements available to them, F2019 was not yet available.
Fondation du CHUM is a large charity with donations of $11.9m in F2018. Administrative costs are 23% of total revenues (excluding investment income) and fundraising costs are 8% of total donations. For every dollar donated to the charity, 69 cents go to the cause. This is within Ci’s reasonable range for overhead spending. The charity has net funding reserves of $47.1m. Reserves can cover granting at the F2018 level for almost four and a half years.
Charity Intelligence has analyzed the charity’s French audited financial statements to the best of its abilities but recognizes that detailed financial information is beyond our linguistic expertise. Material omissions may be reflected in Charity Intelligence’s analysis.
This charity report is an update that has been sent to Fondation du CHUM. Changes and edits may be forthcoming.
Updated on August 26, 2019 by Stefan Tetzlaff.
Financial Review
Fiscal year ending March
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 22.8% | 15.6% | 16.3% |
| Fundraising costs as % of donations | 8.1% | 6.1% | 6.2% |
| Total overhead spending | 30.9% | 21.8% | 22.5% |
| Program cost coverage (%) | 449.2% | 290.0% | 216.8% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 11,901 | 15,906 | 13,201 |
| Fees for service | 1,659 | 2,494 | 2,697 |
| Business activities (net) | 1,146 | 1,371 | 2,601 |
| Investment income | 1,072 | 3,666 | (219) |
| Total revenues | 15,778 | 23,437 | 18,280 |
| Grants | 10,476 | 17,344 | 25,747 |
| Administrative costs | 3,357 | 3,088 | 3,010 |
| Fundraising costs | 965 | 975 | 822 |
| Other costs | 944 | 1,906 | 1,753 |
| Total spending | 15,742 | 23,314 | 31,332 |
| Cash flow from operations | 36 | 123 | (13,052) |
| Capital spending | 53 | 249 | 55 |
| Funding reserves | 47,056 | 50,298 | 55,830 |
Note: Ci reconciled the charity’s audited financial statements with its T3010 filing to allocate administration, other and fundraising costs. Ci removed amortization pro-rata from admin and fundraising costs. Ci removed “expenses of profit activities” from other costs and is presenting for-profit activities net of expenses under business activities. The charity's T3010 filing only provides information for the top 4 highest paid staff.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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