Fondation de l'Institut de Cardiologie de Montreal/montreal Heart Institute Foundation
Charitable organization · Montreal, Quebec · BN 101837896RR0001 · Core Health Care · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($30,186,456) as filed with the CRA.
Fondation de l'Institut de Cardiologie de Montreal/montreal Heart Institute Foundation is a charitable organization based in Montreal, Quebec, classified by the CRA under core health care. In its fiscal year ending March 31, 2024, it reported $37M in revenue and $30.2M in expenditures.
Its funding that year was roughly 64% from donations, 8% from other charities. In 2024, 76 other registered charities reported granting it a combined $5.6M.
Compared with 85 health charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 56% of peers. Its fundraising cost per donated dollar was lower than 80% of that peer group. Its highest-paid position fell in the $350,000 and over range. The charity reported 30 permanent full-time positions.
It reported gifts to 1 qualified donee totalling $24.5M in 2024, the largest being $24.5M to Institut de Cardiologie de Montreal/montreal Heart Institute. Revenue has grown substantially over its filings on record here, from $14.1M in 2020 to $37M in 2024. Its filed list of directors and trustees shows 50 names.
In its own words
La fondation de l'institut de cardiologie de ontréal recueille et administre des fonds pour soutenir la recherche la prévention et l'enseignement prodigués par l'institut de cardiologie de montréal. Elle encourage ainsi l'excellence d'une institution de calibre international au service de la communauté montréalaise. Québécoise canadienne et mondiale et lui permet d'accomplir pleinement sa mission de combattre les maladies cardiovasculaires première cause de mortalité au monde.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $37M | $30.2M | — | $4.3M | $24.5M | $135.8M |
| 2023 | $22.4M | $26.6M | — | $1.8M | $21.7M | $129M |
| 2022 | $23M | $26M | — | $1.5M | $21.7M | $133.2M |
| 2021 | $48M | $22.8M | — | $1.4M | $18.4M | $136.3M |
| 2020 | $14.1M | $29.1M | — | $1.5M | $25.3M | $111M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $24.5M to 1 qualified donee:
Received $5.6M from 76 charities:
- Jewish Community Foundation of Montreal$1.5M
- GiftPact Foundation Inc.$520K
- Hewitt Foundation$500K
- Heart and Stroke Foundation of Canada$441K
- Charitable Gift Funds Canada Foundation$327K
- Fondation Mirella & Lino Saputo$300K
- Elina & Giuseppe Borsellino Family Foundation$200K
- Fondation J-Louis Lévesque$200K
- Monaco Group Foundation$150K
- RBC Foundation$150K
- Strategic Charitable Giving Foundation$146K
- Fondation Luc Maurice$100K
- Fondation Guy Laliberte$100K
- The Mel Hoppenheim Family Foundation/La fondation familiale Mel Hoppenheim$75K
- Canadahelps Canadon$74K
- Canadahelps Canadon$74K
- Fondation Michaud$60K
- WCPD Foundation$55K
- The Foundation of Greater Montreal$55K
- Conam Charitable Foundation$50K
- Godin Family Foundation$50K
- The Libermont Foundation/la Fondation Libermont$50K
- Fondation Québec Philanthrope$33K
- Fondation Bergeron-Jetté$30K
- Fondation Famille le Blanc$25K
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $350,000 and over1 position
- $200,000–249,9991 position
- $160,000–199,9991 position
- $120,000–159,9992 positions
- $80,000–119,9995 positions
- Permanent full-time positions30
- Total compensation, all staff$3.2M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Daniel Lamarre (président); France Chrétien Desmarais (vice présidente); Bruno Roy (trésorier); Michel Boislard (secrétaire); Johanne Ardouin (administratrice); Chris Arsenault (administrateur); Michel Bernier (administrateur); Eve-Lyne Biron (administratrice); Marc-André Blanchard (administrateur); Pierre Blouin (administrateur); Jean-François Bouochard (administrateur); Patrick Bui (administrateur); Marvin Carsley (administrateur); Roger Casgrain (administrateur); André Courville (administrateur); Maude Daoust-Lauzon (administratrice); Mario Desautels (administrateur); Desrosiers Éric (administrateur); Gian Carlo DI Tommaso (administrateur); Louis Duchesne (administrateur); Santo Fata (administrateur); Sylvie Fontaine (administratrice); Forest David (administrateur); Gaétan Frigon (administrateur); Girard-Plouffe Anne-Marie (administratrice); Jacques Goulet (administrateur); Anne Grenier (administratrice); Nicolas Hien (administrateur); Jasmin Labrie (administrateur); Mélanie La Couture (administratrice); Mathieu L. l'Allier (administrateur); Philippe L. l'Allier (administrateur); Éric Lamarre (administrateur); Pierre-Elliott Levasseur (administrateur); Elliot Lifson (administrateur); Claude McMaster (administrateur); Karine Moses (administratrice); Isabelle Oliva (administratrice); Claude Paquin (administrateur); Jean Raymond (administrateur); Mario Rigante (administrateur); Jean-Denis Roy (administrateur); Martin Roy (administrateur); Yves Roy (administrateur); Martin ST-Victor (administratrice); Louis Tanguay (administrateur); Jean-Claude Tardif (administrateur); Pascal Thomas (administrateur); François Veillet (administrateur); An-Lap Vo-Dignard (administrateur).
As listed on its 2024 return.
Check the source
Every figure on this page is from Fondation de l'Institut de Cardiologie de Montreal/montreal Heart Institute Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 101837896RR0001), or read how we compute the receipt.