Fondation HEC Montréal
Public foundation · Montreal, Quebec · BN 118924158RR0001 · Support of Schools and Education · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($15,222,384) as filed with the CRA.
Fondation HEC Montréal is a public foundation based in Montreal, Quebec, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $18M in revenue and $15.2M in expenditures.
Its funding that year was roughly 61% from donations, 19% from other charities. In 2024, 35 other registered charities reported granting it a combined $2.2M.
Compared with 74 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 68% of peers. Its highest-paid position fell in the $250,000–299,999 range. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 3 qualified donees totalling $14.2M in 2024, the largest being $13.3M to Corporation de l'Ecole des Hautes Etudes Commerciales de Montreal. Revenue has grown substantially over its filings on record here, from $10.8M in 2020 to $18M in 2024. Its filed list of directors and trustees shows 19 names.
In its own words
Financement de plusieurs projets de recherche reliés à la gestion de hec montréal et contributions à des programmes de bourses à hec montréal
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $18M | $15.2M | — | — | $14.2M | $71.1M |
| 2023 | $23M | $25.3M | — | — | $24.8M | $61.9M |
| 2022 | $18.6M | $21.8M | — | — | $21.2M | $40.3M |
| 2021 | $19M | $18.4M | — | — | $17.9M | $49.9M |
| 2020 | $10.8M | $606K | — | — | — | $46.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $14.2M to 3 qualified donees:
Received $2.2M from 35 charities:
- The Foundation of Greater Montreal$521K
- Pathy Family Foundation$400K
- Fondation Lise et Giuseppe Racanelli/Lise and Giuseppe Racanelli Foundation$200K
- The J W McConnell Family Foundation$200K
- Jewish Community Foundation of Montreal$122K
- J. Armand Bombardier Foundation$100K
- The John Dobson Foundation$100K
- The KPMG Foundation/la Fondation KPMG$80K
- Godin Family Foundation$75K
- GiftPact Foundation Inc.$65K
- The Polykar Foundation$59K
- Fondation Stephan Cretier$50K
- Fondation André Trudeau$48K
- Charitable Gift Funds Canada Foundation$27K
- The Polykar Foundation$26K
- Fondation Linoit$25K
- Fondation Famille le Blanc$20K
- Fondation et Alumni de Polytechnique Montreal$13K
- Brian Bronfman family foundation/ Fondation de la famille Brian Bronfman$12K
- Université de Montréal$10K
- Fondation Ariane Riou & Réal Plourde$10K
- La fondation Mirador$10K
- Bourassa Savaria Foundation$10K
- Fondation Philantra Philantra Foundation$5,000
- The KPMG Foundation/la Fondation KPMG$5,000
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $250,000–299,9991 position
- Permanent full-time positions1
- Total compensation, all staff$279K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Hélène Desmarais (membre d'office); Michel Patry (membre invité); Federico Pasin (membre d'office); Éric Morisset (président); Daniel Cimon (membre); Mélanie Gagnon (membre invitée); Johanne Turbide (secrétaire générale); Michel Hamelin (membre); Georges-Étienne Bernier (membre); Claude Laurin (membre); Birikundavyi Lise (membre); Croux Viviane (membre); Fitzgibbon Pierre (membre); Pierro Greco (trésorier); Joanie Coutu-Bellerose (membre); Anaïs Del Bono (membre); Mirabel Paquette (membre); Nancy Paquet (membre); Maire-Claude Roy (membre invitée).
As listed on its 2024 return.
Check the source
Every figure on this page is from Fondation HEC Montréal’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118924158RR0001), or read how we compute the receipt.