CHU Dumont Foundation

About CHU Dumont Foundation:

Founded in 1983, CHU Dumont Foundation raises funds to benefit patients of the Dr. Georges-L.-Dumont University Hospital Centre. The hospital is a 302-bed facility, located in Moncton, New Brunswick, that provides primary, specialized, and tertiary (more complex) health care services. The hospital is a provincial referral centre for its specialized services. As a teaching and research facility, it nurtures close partnerships with universities and colleges in the country.

Since the foundation’s founding, it has raised over $49m. In 2016, its distributions to the hospital have consisted of: 63% to equipment purchases, 28% to research, and 9% to its lodge, a 65-bed facility open to cancer patients from outside the Moncton area.

Financial Review:

CHU Dumont Foundation is a medium-sized charity with $3.6m in donations and special events fundraising in F2016. Administrative costs were 14% of revenues and fundraising costs were 15% of donations. For each $1 donated, 70 cents go to the cause. This falls within Charity Intelligence's reasonable range for overhead spending. The foundation has funding reserves of $4.3m, which cover annual program costs 2.0 times.

The foundation reported two lotteries in its annual report: an employee lottery and a lottery with the Friends of Moncton Hospital Foundation. The revenues and expenses relating to its employee lottery were both disclosed in its annual report and net proceeds are reported below. CHU Dumont Foundation only reported net proceeds of $356k for the joint lottery. As such, revenues and expenses from this are reported under special events, in accordance with its appearance in the audited financials.

This report is an update that is being reviewed by CHU Dumont Foundation. Changes and edits may be forthcoming.

Updated on June 6, 2017 by Juliana Badovinac.