Montreal General Hospital Foundation

1650 Cedar Ave., Room E6-129 
Montreal, QC H3G 1A4
President & CEO: Jean-Guy Gourdeau
Board Chair: Richard Cherney

Charitable Reg. #:11900 0974 RR0001


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

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



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



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 90 cents are available for programs.

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About Montreal General Hospital Foundation:

Founded in 1973, Montreal General Hospital Foundation (MGHF) fundraises for Montreal General Hospital (MGH), McGill University Health Centre (MUHC), and the McGill academic health network. MGHF’s mission is to provide support for vital care. It grants money to fund research, patient care, major equipment purchases, and capital projects.

In F2020, Montreal General Hospital Foundation reported granting $15.5 million in hospital support and awards and scholarships. An additional $614k was distributed in grants that were deferred in prior years. MGHF allocated 32% of grants to developing better surgical techniques, 15% to medical clinics, 12% to MGH’s Trauma Centre and neuroscience program, and 10% each to the departments of thoracic surgery and oncology. The remaining 21% went to the department of psychiatry, anaesthetics, nursing support, and other programs.

Montreal General Hospital’s Dr. David S. Mulder Trauma Centre is one of three adult trauma centres in Quebec. It treats 1,500 patients annually, with roughly one third of patients also receiving treatment in the Head Trauma Clinic. MGH also runs a Traumatic Brain Injury program that treats 1,300 inpatients and outpatients annually. Almost half of these patients are complex cases who struggle with associated pre-traumatic conditions such as psychiatric disorders, homelessness, and substance abuse. MGHF also states that MGH runs the most important esophageal cancer program in Canada, and one of the country’s largest lung cancer programs.

Montreal General Hospital’s Mental Health Mission, which includes the hospital’s psychiatry and psychology departments, provides mental health care and conducts research on severe and persistent psychiatric illnesses. The hospital receives 45,000 outpatient visits annually and provides 3,000 psychiatric consults, with 500 of these patients hospitalized each year. 

Montreal General Hospital Foundation launched CODE LiFE in October 2018. It is a three-year, $100 million capital campaign to help finance the modernization of facilities at MGH and MUHC. The provincial government is contributing an additional $300 million. The project includes construction of a new wing at MGH to house an emergency room, new operating rooms, and a sterilization unit, as well as a helipad. MGHF’s F2020 annual report states that the hospital has not yet received government approval for the helipad. 

CODE LiFE was launched soon after the completion of MGHF’s prior Care at the Highest Level campaign. This campaign raised $20 million to help finance a new mental health emergency short stay unit and renovations of MGH’s emergency room, trauma bay, and operating rooms. Other items included a new MRI machine for MGH’s Traumatic Brain Injury program, a new CT scanner, and equipment for specialised surgical departments.

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Results and Impact

Montreal General Hospital Foundation states on its website that in the early 1990s, the mortality rate of people admitted to hospitals in Quebec with traumatic injuries was around 50%. Since the establishment of Quebec’s province-wide trauma system in 1993, which includes MGH’s Trauma Centre, the mortality rate has dropped to roughly 5%.

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Montreal General Hospital Foundation is a Major 100 charity, meaning it is one of Canada’s largest charities in terms of donations. It received just under $28.0m in donations in F2020, a 79% increase from donations of $15.6m in F2019. The Foundation notes in its F2020 annual report that this was a record amount of money raised. Investment income includes $5.5m in net realized investment and interest income, and ($23.4m) in unrealized losses. With a March year-end, the impact of COVID-19 on fair value of the Foundation’s investments is likely a major contributing factor to this unrealized loss, but the audited financial statements do not include a note on the impact of COVID-19.

Administrative costs are 3% of total revenue (excluding investment income) and fundraising costs are 7% of donations. For every dollar donated, 90 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

Montreal General Hospital Foundation holds $148.2m in funding reserves. This includes $62.6m in donor-designated endowments. Excluding donor-endowed funds, MGHF’s reserves can cover annual granting activities at current levels for six years and seven months.

MGHF’s audited financial statements disclose outstanding donation pledges of $26.3m in F2020 – these donations are not reflected in the Foundation’s revenues and are receivable up to 2038. The audited financial statements also disclose funding commitments of $31.5m in F2020, equal to 21% of total funding reserves. These commitments include $29.8m for Montreal General Hospital’s modernization project, which will be disbursed once construction is complete and over a minimum period of five years.

MGHF’s most recent T3010 CRA filing, which was for F2019, reports that the Foundation granted to 18 organizations. The five largest grants went to McGill University Health Centre ($9.4m), McGill University Health Centre Research Institute ($3.7m), McGill University ($648k), Cedars Cancer Foundation ($171k), and the Auxiliaries of Montreal General Hospital ($95k).

This report is an update that has been sent to Montreal General Hospital Foundation for review. Comments and edits may be forthcoming.

Updated on July 15, 2020 by Katie Khodawandi.

Financial Review

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 3.3%5.4%6.1%
Fundraising costs as % of donations 6.9%13.3%11.5%
Total overhead spending 10.2%18.7%17.6%
Program cost coverage (%) 661.3%844.0%1,169.7%

Summary Financial Statements

All figures in $000s
Donations 27,96715,58113,996
Investment income (17,865)3,5595,833
Other income 329318370
Total revenues 10,43119,45920,199
Grants 16,06614,80413,265
Administrative costs 929859871
Fundraising costs 1,9422,0691,611
Total spending 18,93717,73315,747
Cash flow from operations (8,506)1,7264,452
Capital spending 0420
Funding reserves 148,180156,853155,154

Note: Investment income is reported net of investment management fees, reducing total revenue and expenses by $550k in F2020, $631k in F2019, and $691k in F2018. Investment income includes unrealized investment gains and losses, affecting total revenue by ($23.4m) in F2020, ($2.1m) in F2019 and ($2.7m) in F2018. Total grants include adjustments for changes in amounts payable to McGill University, McGill University Health Centre, and Research Institute of McGill University Health Centre, affecting total expenses by $614k in F2020, $642k in F2019 and ($2.7m) in F2018. Amortization of capital assets has been removed from administrative costs.

Salary Information

Full-time staff: 14

Avg. Compensation: $126,407

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2019

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