Montreal Children's Hospital Foundation

About Montreal Children's Hospital Foundation:

Established in 1973, Montreal Children’s Hospital Foundation works to support excellence in care at the Montreal Children's Hospital of the McGill University Health Centre. The foundation raises funds to support research, acquire cutting-edge equipment, and develop innovative clinical programs.

In May, 2015, the hospital moved into a new location with 154 single-patient rooms, 6 operating rooms and 6 intervention rooms. The foundation’s F2016 annual report states that the hospital has 1,758 physicians, surgeons, nurses, and other healthcare professionals. Of 99,515 patients that visited the hospital, 5,641 were admitted and 6,787 surgeries were performed.

In F2016, the foundation granted $16.9m which was distributed across equipment, research, and special projects. Of this, $4.1m (24% of total grants) went towards research equipment and services including teaching. Current research and clinical trials by Montreal Children’s Hospital aim to teach the immune system to overcome allergies. The program currently has 6 participants involved per month with dairy allergies and has had a 70% success rate. Researchers are confident that with increased funding, the study can reach more people and overcome a more diverse range of allergies.

Hospital equipment and services accounted for $2.4m (14%) of total grants and went towards equipment for the surgery, neurosurgery, and cardiology departments, and the hospital’s Pediatric Intensive Care Unit. Restricted contributions made up $2.5m (16%) of the total grants, while $7.8m (46%) went towards renovations, rent and other priorities, including $4.2m as a first installment of the Best Care for Children campaign. This campaign raised $105m for the construction of the new hospital, which opened in May, 2015.

Financial Review:

Montreal Children’s Hospital Foundation is a Major 100 charity with $20.7m in donations in F2016. The foundation reports that 78% of donations come from foundations, community groups, and individuals, while 22% come from corporate support.

Administrative costs were 20% of revenues and fundraising costs were 7% of donations. As such, for every $1 donated, 73 cents went to the cause. This falls within Charity Intelligence’s reasonable range for overhead spending. Montreal Children’s Hospital Foundation has $82.3m in investments. In F2016, the overall return on these investments was -3%.

Total funding reserves are $108.2m, of which $99.9m are donor-endowed. In total, Montreal Children’s Hospital Foundation has enough funds to cover annual grants 6.4 times. Excluding donor-endowed funds, reserves can cover 8 months of grants.

This charity report is an update that is currently being reviewed by Montreal Children’s Hospital Foundation. Changes and edits may be forthcoming.

Updated on June 9, 2017 by Juliana Badovinac.