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.
B
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.
80%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 80 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, Fondation du CHUM (FC) raises funds for Centre Hospitalier de L’Universite de Montreal (CHUM), a university hospital affiliated with the Université de Montréal. The hospital, CHUM, started in 1996 after Montreal’s Hotel-Dieu, Notre-Dame, and Saint-Luc hospitals merged. FC focuses on funding equipment, health care, teaching, and research at the hospital.
In F2015, Fondation du CHUM granted $15.9m to the hospital. Of the $15.9m, $8.5m went to equipment and health care facilities, $6.0m to research and $1.4m to teaching. In recent years, FC bought a new MRI machine for $5m, a da Vinci robot (robotic surgery assistance) machine for $3.5m, PET Camera (imaging system) for $2.4m, and a C-Arm (imaging system) for $1.4m. As of March 31, 2017, the hospital had 12,428 staff and volunteers, including 721 volunteers, 987 doctors, 1,793 researchers, and 4,036 nurses. There were an additional 5,223 residents and students at the hospital. The new CHUM hospital opened in September 2017 – a $2.5b project with 39 operating rooms, 35 medical specialties, and 5 clinical areas of focus: cancer, neuroscience, cardiovascular and metabolic disease, transplant, and musculoskeletal disorders.
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Finances
The financial analysis completed by Charity Intelligence uses the most recent, full financial statements available to Ci at the time this report was written.
Fondation du CHUM is a Large charity with donations and special events revenues of $16.3m in F2015. Administrative costs are 12% of total revenues and fundraising costs are 8% of total donations. For every dollar donated, 80 cents go to the cause, falling within Ci’s reasonable range for overhead spending. FC has funding reserves of $57.8m that can cover grants for 2.7 years. The foundation operates a vaccination clinic and states that it is one of the largest health-travel clinics in Quebec. In F2015, the revenues from the clinic were $7.8m and expenses were $5.2m.
This charity report is an update that has been sent to Fondation du CHUM. Changes and edits may be forthcoming.
Updated on August 24, 2018 by Joeyanne Cheung.
Financial Review
Fiscal year ending March
|
2015 | 2014 | 2013 |
|---|---|---|---|
| Administrative costs as % of revenues | 12.3% | 10.4% | 13.5% |
| Fundraising costs as % of donations | 7.5% | 6.2% | 6.7% |
| Program cost coverage (%) | 274.3% | 216.8% | 338.8% |
Summary Financial StatementsAll figures in $000s |
2015 | 2014 | 2013 |
|---|---|---|---|
| Donations | 12,435 | 16,092 | 11,813 |
| Fees for service | 7,807 | 7,684 | 7,995 |
| Special events | 3,835 | 4,177 | 4,278 |
| Investment income | 2,712 | 3,359 | 2,445 |
| Total revenues | 26,789 | 31,311 | 26,531 |
| Program costs | 5,156 | 5,005 | 4,977 |
| Grants | 15,909 | 18,686 | 8,676 |
| Administrative costs | 2,949 | 2,904 | 3,255 |
| Fundraising costs | 1,226 | 1,256 | 1,085 |
| Cash flow from operations | 1,550 | 3,460 | 8,538 |
| Funding reserves | 57,782 | 51,358 | 46,261 |
Note: 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.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
4 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2017
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Comments & Contact
Comments added by the Charity:
Charity Contact
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