Montreal Children's Hospital Foundation

1, Place Alexis Nihon, 1420-3400, De Maisonneuve Blvd West
Montreal, QC H3Z 3B8
President: Renée Vézina
Board Chair: Katrin Nakashima

Charitable Reg. #:11892 1543 RR0001

STAR RATING

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

[Charity Rating: 2/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

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.

74%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 74 cents are available for programs.

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OVERVIEW

About Montreal Children's Hospital Foundation:

Established in 1973, Montreal Children’s Hospital Foundation (MCHF) raises funds for children’s health and research at Montreal Children’s Hospital and McGill University Health Centre. MCHF also aims to fund hospital programs that focus on family well-being, reporting that families with a sick child lose around 40% of their income on average. In F2021, MCHF helped to provide 30,000 virtual health appointments and 5,000 surgeries.

In F2021, Montreal Children’s Hospital Foundation granted $18.0m towards four main program areas. These include research, equipment and services, capital projects, and special projects. The charity does not provide a breakdown for spending along these programs in F2021.

Research: MCHF raises funds to provide scholarships and fellowships for pediatric specialists. Its researchers focus on areas such as neonatal care, trauma and brain injury, postoperative pain in children, kidney disease, and global health. Montreal Children’s Hospital Foundation states that the hospital’s teaching department offers eight pediatric specialty programs, ranging from day surgeries to highly complex transplants.

Equipment and Services: MCHF helps to buy new equipment and fund family programs at Montreal Children’s Hospital. The charity’s Tiny Tim Fund raises money for families experiencing financial hardship due to their child’s illness. It supported more than 600 families through the Tiny Tim Fund in F2021. MCHF also helps to fund the hospital’s Neonatal Intensive Care Unit, which cared for nearly 1,000 babies during the year.

Capital: In 2015, McGill University Health Centre opened its new Glen hospital site. MCHF entered an agreement to finance a portion of the development costs through annual installments paid over the following ten years. It has a total commitment of $42.2m, of which it has paid $25.3m as of F2021.

Special Projects: The charity’s special projects include programs that offer hearing aids and implants, pet therapy, music therapy, and summer activities for hospitalized children. It reached 1,200 inpatients through play-based and music therapy in F2021. According to its most recent count in 2018, MCHF provided 22 children with new hearing aids.

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Results and Impact

MCHF has not posted an annual report since 2018, but has continued to publish bi-annual newsletters. Certain results refer to 2018.

Housed at the Montreal Children’s Hospital, the Edwards Family Interdisciplinary Centre for Pediatric Complex Pain helps to treat children with complex pain. MCHF states that around 20% to 35% of children suffer from complex pain, including chronic headaches and migraines, joint pain, and abdominal pain. MCHF reports that the centre has a 65% cure rate among patients with complex pain.

While Ci highlights these key results, they may not be a complete representation of Montreal Children’s Hospital Foundation’s results and impact. This charity is not yet rated on impact (n/r).

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Finances

Montreal Children’s Hospital Foundation is a Major 100 charity, one of Canada’s largest charities in terms of donations. It received $24.1m in donations in F2021, as well as $929k in government wage subsidies. Combined overhead costs are 26% of revenues (less investment income). For every dollar donated to the charity, 74 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

MCHF has total funding reserves of $144.5m, of which $48.9m is donor-endowed. Excluding donor-endowed funds, MCHF can cover around 6.1 years of annual grant costs. The charity’s funding reserves contributed $21.6m in investment income in F2021, at an estimated rate of return of 23% (compared to an investment loss of $9.7m at a return of -9% in F2020). Over the last nine years, Ci estimates that MCHF’s investment returns have averaged 7%.

In F2021, Montreal Children’s Hospital Foundation reported three main grant recipients. It granted $12.0m (67%) to Montreal Children’s Hospital, $4.1m (23%) to the Research Institute of McGill University Health Centre, and $1.2m (7%) to McGill University for pediatric health projects. It also granted $546k to other recipients and $221k in unpaid grant balances from prior years. Aside from its grants to Montreal Children’s Hospital, MCHF does not report any related party transactions.

Between 2022 and 2026, MCHF has committed $1.0m in lease payments and $16.9m in funding to support McGill University Health Centre’s Glen site. Its auditors also note that MCHF is currently negotiating an offer to purchase new offices and temporary family accommodation units for Montreal Children’s Hospital. It has committed $4.5m between 2022 and 2023 for the potential purchase.

According to its most recent CRA filing in F2020, MCHF uses external fundraisers. It paid external fundraisers $134k to raise $127k, at a cost of $1.06 per dollar raised.

Charity Intelligence has sent this update to Montreal Children’s Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on July 26, 2021 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending March
202120202019
Fundraising & admin costs as % of revenues 25.5%24.2%23.1%
Total overhead spending 25.5%24.2%23.1%
Program cost coverage (%) 614.6%500.5%497.0%

Summary Financial Statements

All figures in $000s
202120202019
Donations 24,14927,35024,484
Government funding 92900
Investment income 21,633(9,717)2,509
Total revenues 46,71017,63226,993
Grants 18,00417,66818,990
Fundraising & administrative costs 6,4016,6115,650
Total spending 24,40524,27924,640
Cash flow from operations 22,305(6,646)2,353
Capital spending 36110533
Funding reserves 144,494123,915129,369

Note: Ci included changes in fair value of investments in investment income. This affected revenues by $18.5m in F2021, ($14.2m) in F2020, and ($1.9m) in F2019. To report on a cash basis, Ci adjusted grants by changes in contributions payable. This affected expenses by $221k in F2021, ($894k) in F2020, and $921k in F2019.

Salary Information

Full-time staff: 37

Avg. compensation: $89,444

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
0
$160k - $200k
2
$120k - $160k
2
$80k - $120k
5
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.fondationduchildren.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 514-934-4846

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Charitable Registration Number: 80340 7956 RR0001