1825 Boulevard Henri-Bourassa
Québec, QC G1J 3W9
President & CEO: Marie-Claude Paré
Board President: Jean-François Welch

Charitable Reg. #:11892 3234 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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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.

81%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 81 cents are available for programs.



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Programs

About Fondation CHU de Québec:

Founded in 1984, Fondation du CHU de Québec raises money for equipment purchases, research, improvements in care, and professional training at the CHU de Québec healthcare network. CHU de Québec includes five hospitals which collectively serve a population of almost 2 million people: Centre Hospitalier de L’Université Laval, l’Hôpital de l’Enfant-Jesus, l’Hôpital du Saint-Sacrement, l’Hôpital Saint-Francois d’Assise, and l’Hôtel-Dieu de Québec.

In F2019, the foundation granted $13.5m to CHU de Québec, of which 58% was allocated to equipment, 34% to research, 4% to patient care, and 4% to training. Of the 302 requests for project funding from healthcare professionals at the hospitals, all were approved by the foundation. Highlights of projects funded in F2019 include the purchase of a “Pinpoint” device which makes it possible to detect the movement of cancer cells. It is a less invasive and more accurate technique than those used previously. Current research funded by the foundation includes work on developing a vaccine for HIV and analyzing the effect of testosterone on prostate cancer.

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Finances

Charity Intelligence has scored Fondation du CHU de Québec as a zero in financial transparency because the charity failed to provide full financial statements when requested. The financial analysis completed by Charity Intelligence uses the most recent financial statements available to Ci, through a request to the CRA, at the time of writing this report.

Please note: this report was prepared by an English-speaking analyst using the audited financial statements of Fondation du CHU which are in French. 

Fondation du CHU de Québec received $18.6m in donations and special events revenue during F2018, making it a Major 100 charity, and one of Canada’s largest. Administrative costs are 13% of revenues less investment income, and fundraising costs are 6% of donations. For every dollar donated, 81 cents go to the cause, which is within Ci’s reasonable range for overhead spending. Fondation du CHU de Québec has $79.4m in funding reserves which could cover almost seven years of granting at the F2018 level.

This charity report is an update that has been sent to Fondation du CHU de Québec for review. Changes and edits may be forthcoming.

Updated on July 23, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending March
201820172016
Administrative costs as % of revenues 13.2%12.6%14.4%
Fundraising costs as % of donations 5.5%5.6%5.3%
Program cost coverage (%) 688.1%1,076.6%648.1%

Summary Financial Statements

All figures in $000s
201820172016
Donations 15,05715,20013,021
Business activities (net) 9231,1911,646
Special events 3,5053,2763,006
Investment income 1,4652,824(143)
Total revenues 20,94922,49217,530
Grants 11,5408,4199,457
Administrative costs 2,5772,4772,538
Fundraising costs 1,0261,026852
Cash flow from operations 5,80510,5704,683
Funding reserves 79,40890,63861,293

Note: Ci has presented business activities net of related expenses but revenue from special events as gross. Amortization has been removed from administrative and fundraising costs pro-rata.

Salary Information

Full-time staff: 34

Avg. Compensation $58,180

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
2
$120k - $160k
0
$80k - $120k
3
$40k - $80k
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.fondationduchuq.org
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