Fondation du CHUM (Fondation du Centre Hospitalier de L'Université de Montréal)

465 McGill St, Suite 800
Montreal, QC H2Y 2H1
CEO: Julie Chaurette
Board President: Marc M. Tremblay

Charitable Reg. #:88342 9961 RR0001

STAR RATING

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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


Financial Ratios

Fiscal year ending March
201520142013
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 Statements

All figures in $000s
201520142013
Donations 12,43516,09211,813
Fees for service 7,8077,6847,995
Special events 3,8354,1774,278
Investment income 2,7123,3592,445
Total revenues 26,78931,31126,531
Program costs 5,1565,0054,977
Grants 15,90918,6868,676
Administrative costs 2,9492,9043,255
Fundraising costs 1,2261,2561,085
Cash flow from operations 1,5503,4608,538
Funding reserves 57,78251,35846,261

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

Full-time staff: 28

Avg. Compensation $69,821

Top 10 staff salary range

$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

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Charity Contact

Website: www.fondationduchum.com
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