{"id":1434,"date":"2019-05-29T15:08:03","date_gmt":"2019-05-29T19:08:03","guid":{"rendered":"https:\/\/fgm.atypicweb.com\/?p=1434"},"modified":"2022-04-06T13:21:55","modified_gmt":"2022-04-06T17:21:55","slug":"la-fgm-a-franchi-le-cap-des-300-m-dactifs-sous-gestion","status":"publish","type":"post","link":"https:\/\/fgmtl.org\/copieprod\/en\/news\/press-releases-news\/la-fgm-a-franchi-le-cap-des-300-m-dactifs-sous-gestion\/","title":{"rendered":"FGM&rsquo;s Assets Under Management Surpass $300 Million"},"content":{"rendered":"<h5>Highlights<\/h5>\n<ul style=\"list-style-type: disc;\">\n<li>FGM released its 2018 annual report, which can be downloaded here.<\/li>\n<li>FGM\u2019s assets under management reached $308 million at December 31, 2018.<\/li>\n<li>Contributions approached $40.6 million in 2018.<\/li>\n<li>The FGM investment fund\u2019s average gross return over 10 years is now 7.6%.<\/li>\n<li>FGM funds distributed more than $8.5 million in grants to 467 organizations in 2018.<\/li>\n<li>A record 111 new funds have been created at FGM last year, bringing the total over 650.<\/li>\n<\/ul>\n<div class=\"su-spacer\" style=\"height:10px\"><\/div>\n<p><strong>Montreal, May 29, 2019 \u2013<\/strong> In parallel with the publication of its 2018 annual report and as its 20-year anniversary grows nearer, the Foundation of Greater Montr\u00e9al (FGM) is pleased to announce that it has reached a new milestone in its development. Surpassing the $300 million dollar mark in 2018, assets under management reached $308 million at December 31 according to the organization\u2019s latest financial statements.<\/p>\n<p>This increase is mainly due to contributions of almost $40.6 million in 2018. Thanks to the commitment of the Foundation&rsquo;s donors, contributions received over the last three years amount to more than $145 million.<\/p>\n<p>\u201cFGM continues to grow thanks to significant donations from fund holders, which in some cases are paired with government or internal matching programs. Destined for sports, cultural and now educational organizations, these funds allow for long-term investments for their benefit,\u201d said FGM President and CEO Yvan Gauthier.<\/p>\n<p>A record 111 new funds were created in 2018, bringing the Foundation\u2019s total active funds to more than 650.<\/p>\n<p>\u201cWe\u2019re on track to achieving the objectives in our Strategic Plan 2018-2021 to create more funds and to develop our financial capital. We\u2019re proud of our accomplishments and plan to continue our work in this regard,\u201d added Mr. Gauthier.<\/p>\n<p>In 2018, FGM awarded more than $8.5 million in grants to 467 organizations that support the community in a wide range of areas that include food security, medical research, education, the arts, universal accessibility, homelessness and environmental stewardship. In the past three years, close to $30 million has been distributed for the well-being of Greater Montreal\u2019s citizens.<\/p>\n<p style=\"text-align: center;\">-30-<\/p>\n<h5>About FGM<\/h5>\n<p>The Foundation of Greater Montr\u00e9al (FGM) helps individuals, families and organizations to get involved and support their community by creating funds for selected causes in all sectors. In addition to publishing the Vital Signs of Greater Montr\u00e9al report, FGM manages the assets of over 650 funds, guides donors by identifying key issues and supports community organizations. A member of the Community Foundations of Canada, a network of 191 community foundations, FGM encourages philanthropy as a major driver for well-being in Greater Montreal.<\/p>\n<p><strong>Source:<\/strong> Foundation of Greater Montr\u00e9al<\/p>\n<p><strong>Information:<\/strong><br \/>\nSimon L. Delorme, Project Manager \u2013 Communications<br \/>\n(514) 866-0808, extension 107, <a href=\"mailto:simon.delorme@fgmtl.org\">simon.delorme@fgmtl.org<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2018 was a watermark year for FGM, with contributions exceeding $40 million, grants totaling $8.5 million and a record-setting 111 new funds.<\/p>\n","protected":false},"author":3,"featured_media":898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-1434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FGM&#039;s Assets Under Management Surpass $300 Million - Fondation du Grand Montr\u00e9al<\/title>\n<meta name=\"description\" content=\"2018 was a watermark year 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