Montreal General Hospital Foundation

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

Charitable Reg. #:11900 0974 RR0001


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

[Charity Rating: 3/5]



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) 85 cents are available for programs.

My anchor


About Montreal General Hospital Foundation:

Montreal General Hospital Foundation is a financially transparent three-star charity with a below average results reporting grade. It has reasonable overhead spending and high funding reserves.

Founded in 1973, Montreal General Hospital Foundation (MGHF) is a charity that raises money for Montreal General Hospital (MGH), McGill University Centre, and the McGill Academic Health Network. The charity’s aim is to support excellence and innovation in healthcare to improve the lives of both patients and healthcare professionals. It mainly grants money to fund Patient Care and Renovations, Research, and Education. In F2022, MGHF granted $10.4m to hospitals and health centres. This represents a 28% decrease in grant spending from F2021. 

In October of 2018, MGHF launched the fundraising initiative CODE LiFE. CODE LiFE was a three-year capital campaign with a target of $100m. It was started to finance the renovation of Montreal General Hospital and McGill University Health Centre. The campaign surpassed its initial target and raised a total of $110m overall.

MGHF spent 46% of total grant spending on Patient Care and Renovations. The charity funded the renovation of three rooms in MGH’s trauma centre in F2022. Each room is connected to a workstation outside of the room with three monitors. This allows hospital staff to monitor patients without entering the room. The charity reports that every year MGH’s Traumatic Brain Injury program treats over 1,300 patients from Montreal, Montérégie, and northern Quebec. In F2022, Montreal General Hospital opened its Centre for Precision Psychiatry which was funded by the foundation. 

In F2022, the foundation spent 44% of grant spending on Research projects. In F2021, MGHF gave out 300 Code Life awards to researchers with an overall value of $2.5m. In September of 2021, the charity started the Clinical Innovation Platform (CLIP). CLIP is an incubator for biotechnologies within MGH. It aims to support the development of innovative technologies and to accelerate the adoption of new technology in the healthcare system.

The charity spent the remaining 10% of grant money on Education programs in F2022. During the year, it launched a program to support access to university education in the field of nursing. MGHF launched the Code Trauma website which provides youth with educational information on trauma prevention and reduction of risky behaviours. It did not report when the website launched.

My anchor

Results and Impact

Montreal General Hospital Foundation reports that the director of thoracic oncology at McGill University Health Centre led a clinical trial on cancer treatment. The trial tested the effectiveness of immunotherapy before surgery in combination with chemotherapy as a treatment for thoracic cancer. The results of the trial were published in the New England Journal of Medicine and indicated that the combination of immunotherapy and chemotherapy reduced the risk of cancer progression, recurrence, or death by 37% when compared to just chemotherapy.

While Ci highlights these key results, they may not be a complete representation of Montreal General Hospital Foundation’s results and impact.

This charity is not yet rated on impact (n/r). 

My anchor


In F2022, Montreal General Hospital Foundation received $21.4m in donations. It earned $4.6m in investment income during the year, representing a 2% annual return. Its average annual investment return since F2017 is 6%. The average annual investment return of the S&P 500 from 2017 to 2021 is around 17%. While the S&P 500 consists entirely of investments in stocks, Montreal General Hospital Foundation's portfolio is 24% composed of fixed-income funds.

Administrative costs are 6% of total revenue excluding investment income. Fundraising costs are 9% of donations. This results in total overhead spending of 15%. For every dollar donated to the charity, 85 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

MGHF has $210.7m in net funding reserves, including $66.9m in donor-endowed funds. The financial statements also disclose funding commitments of $31.7m in F2022, equal to 15% of total funding reserves. These commitments include $26.3m for Montreal General Hospital’s renovation project. The charity’s net funding reserves, excluding donor-endowed funds, can cover its average annual program costs from F2018 to F2022 for around 13 years and nine months.

MGHF’s audited financial statements disclose outstanding donation pledges of $21.5m in F2022. These donations are not reflected in the foundation’s revenues and are receivable up to F2038. 

MGHF’s most recent T3010 filing with the CRA, which was for F2021, reports that the foundation gave grants to seven organizations. The three biggest grants went to McGill University Health Centre Research Institute ($6.6m), McGill University Health Centre ($5.6m), and McGill University ($1.2m).

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 14th, 2022 by Arjun Kapur.

Financial Review

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 5.5%5.2%3.3%
Fundraising costs as % of donations 9.2%10.8%7.1%
Total overhead spending 14.7%16.0%10.3%
Program cost coverage (%) 2,037.4%1,190.3%661.3%

Summary Financial Statements

All figures in $000s
Donations 21,42118,23427,517
International donations 0130340
Goods in kind 099110
Government funding 0290
Investment income 4,61047,772(17,865)
Other income 449533329
Total revenues 26,48066,79710,431
Grants 10,40114,42216,066
Administrative costs 1,205996929
Fundraising costs 1,9611,9601,942
Total spending 13,56717,37718,937
Cash flow from operations 12,91349,419(8,506)
Funding reserves 210,656197,653148,180

Note: Interest and dividend income, realized investment income, and unrealized investment income are all included in revenue.  This affects total revenues by $4.6m in F2022, $40.3m in F2021, and ($23.4m) in F2020. Investment management fees are subtracted from investment income and removed from expenses, affecting both revenues and expenses by ($474k) in F2021 and ($550k) in F2020. 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 ($3.9m) in F2022, $797k in F2021, and $614k in F2020. Amortization of capital assets has been removed from administrative costs. The charity's T3010 filings with the CRA were used to report government funding, international donations, and goods in-kind separately. As the filing for F2022 is unavailable at the time of this report, these items are not reported for F2022.

Salary Information

Full-time staff: 18

Avg. compensation: $130,562

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 F2021

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 514.934.8230


Charity Intelligence researches Canadian charities for donors to be informed and give intelligently. Our website posts free reports on more than 800 Canadian charities, as well as in-depth primers on philanthropic sectors like Canada’s environment, cancer, and homelessness. Today over 500,000 Canadians use our website as a go-to source for information on Canadian charities reading over 1.6 million charity reports. Through rigorous and independent research, Charity Intelligence aims to assist Canada’s dynamic charitable sector in being more transparent, accountable and focused on results.


Be Informed. Give Intelligently. Have Impact


Charitable Registration Number: 80340 7956 RR0001