118924331RR0001 — 0210
Registered — Cote st luc, QC — Private Foundation
Scores: Legitimacy 100/100 · Effectiveness 72/100
Financials: Revenue $950,892 · Expenditures $713,727
Fondation Mount Sinai Hospital is a 51-year-old Montreal hospital foundation that channels community giving into the Mount Sinai Hospital Center, a long-term and respiratory care facility serving Cote-Saint-Luc. Despite its operating-charity-style designation 3 status, the financial pattern is squarely that of a small grantmaking foundation: lumpy revenue, multi-year reserves, and outflows that exceed annual revenue.
Our Verdict: An established hospital foundation with strong governance and clean compliance, though donors should understand it operates on a foundation cost structure where operating staff costs run high relative to revenue — the foundation grants out far more than it raises in any given year.