• The total assets under management by the Foundation of Greater Montréal and its investment fund now exceeds $345M, an increase of $37M over 2018.
  • In 2019, the Foundation benefited from contributions of nearly $27M, and from an exceptional return rate of 14.2 %, which meant that it outperformed its benchmark.
  • Over the last four years, FGM has received an average of $38M per year in donations.
  • In 2019, the Foundation distributed nearly $13M to almost 500 charitable organizations in Greater Montréal.

Montréal – February 25, 2019 – The Foundation of Greater Montréal (FGM) released today its financial results for 2019. “As FGM celebrates its 20th anniversary, these results confirm that it truly has momentum, and that it is acting as a catalyst for the whole community of philanthropic actors. Indeed, the growth rate of FGM funds’ assets, powered by a significant volume of donations and a remarkable rate of return of 14.2 %, was one of the strongest since the Foundation’s creation. This strong and continuing growth means we can increase our support to the community,” stated Yvan Gauthier, President and CEO of FGM.

Also worth nothing, this excellent performance made it possible for the Foundation to exceed its four-year benchmark by 69 basis points, with a return of 7.71 % versus a benchmark of 7.02 %. The assets under management by FGM and its investment fund therefore continued to show outstanding growth in 2019, topping the $345M mark. That amount resides with the 650 or so funds currently active with the Foundation. In 2019, FGM distributed grants totalling $12.7M to more than 490 charitable organizations in the region, which were active in all sectors of society.

“FGM’s exceptional financial results for 2019 allowed us to reinforce and enhance the support we can offer to the community, by raising awareness and mobilizing Greater Montreal around the Sustainable Development Goals. I want to thank our senior leadership, our staff and our partners who made this resounding success possible. In its first 20 years, FGM has become a major Montreal institution, and being in such excellent financial health means we can head into the next 20 with great confidence,” added Mr. Gauthier.


Source : Foundation of Greater Montréal
For more information: Simon Delorme, Project Manager – Communications, (514) 866-0808 local 107 / simon.delorme@fgmtl.org

About FGM

The Foundation of Greater Montréal (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 Montréal report, FGM manages the assets of over 650 funds, guides donors 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 Montréal.