Fondation CHU de Québec

Local E1-152 10, rue de l’Espinay
Québec, QC G1L 3L5
President & CEO: Marie-Claude Paré
Board President: M. Ross Gaudreault

Charitable Reg. #: 11892 3234 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Results Reporting

Grade: C+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only through official request for information from Canada Revenue Agency [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2012 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #33

Avg. Compensation $65,352

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 2
$120k - $160k 0
$80k - $120k 2
$40k - $80k 6
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About Fondation CHU de Québec:

The Fondation du Centre hospitalier universitaire de Québec (FCHUQ) is an organization that raises funds for the CHUQ, the largest hospital organization in eastern Quebec. Headquartered in Quebec City, the CHUQ is comprised of five hospitals and four care centres which serve a catchment of nearly 2 million people. The hospitals are the 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. Together, they have 14,000 employees, 1,700 doctors and 550 researchers.

Currently, the FCHUQ is engaged in funding several major projects at the CHUQ, including improving pediatric cardiac surgery, fighting cancer, modernizing the pharmacies, completing a centre for genomics and infectious disease, and a center for vascular diseases. FCHUQ also works with Opération Enfant Soleil, which grants funds to support pediatric care to children’s hospitals throughout Quebec.

The Fondation du Centre hospitalier universitaire de Québec provided $9.5m in grants in F2016. Of these grants, 44% went towards research, 43% went towards equipment purchases, 7% went towards training and 6% went towards treatment improvements. These grants have financed nearly 300 projects including sending two pediatricians for training on pediatric asthma in Toronto and Grenoble. 

Financial Review:

The Fondation du Centre hospitalier universitaire de Québec is a large-cap charity with donations and special events revenues of $16m in F2016. Its administration costs were 15% of revenues and fundraising costs were 5% of donations. For every dollar donated, 80 cents goes to the cause, falling within Ci’s reasonable range. It has funding reserves of $61.2m of which $48.2m are donor-endowed. Assuming that endowments receive a 5% return on investment, the charity can fund non-donor directed grants in perpetuity.

This charity report is an update that is being reviewed by the Fondation CHUQ. Changes and edits may be forthcoming.

Updated on July 7, 2017 by Josh Lam.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 14.5%14.0%11.7%
Fundraising costs as % of donations 5.4%6.8%6.9%
Program cost coverage (%) 3,520.1%2,236.7%675.3%

Summary Financial Statements

All figures in $000s
Donations 13,02112,4547,754
Business activities (net) 1,6461,682472
Special events 3,0063,0322,653
Investment income (143)1,866895
Total revenues 17,53019,03411,774
Grants 1,7392,4984,616
Donor-designated donations 7,7186,2340
Administrative costs 2,5612,3971,268
Fundraising costs 8601,059718
Cash flow from operations 4,6526,8465,172
Funding reserves 61,22855,86531,176
Note: Ci presented special events fundraising gross of expenses, adjusting revenues and expenses by $634k in F2016, $668k in F2015 and $633k in F2014.

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