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À chaque mois, nous abordons un thème différent avec un mot de la direction ainsi que de courtes vignettes portant sur les fonds, les philanthropes et les organismes qui forment la communauté de la FGM en se mettant à l’écoute et au service de la communauté du Grand Montréal.
Montreal, May 27, 2026 – The Foundation of Greater Montréal (FGM) held its annual general meeting yesterday. With more than $523 million in assets under management across just under 800 philanthropic funds, FGM has maintained its position as the largest community foundation in Quebec and the sixth largest in Canada. In 2025, it distributed more than $19 million to about 630 organizations and initiatives in the Greater Montreal area in all sectors.
Over the course of the year, donations and contributions to the Foundation totalled nearly $22 million. Thanks to the community’s generosity and our Investment Fund’s solid 10.8% rate of return, the Foundation remains in excellent financial health, maintaining our capacity to serve the community. This brings our investment portfolio’s three-year annualized gross rate of return to 12.7%.
At the meeting, the Foundation’s members re-elected the Board of Directors’ Chair Karen Macdonald, its Vice-Chair Frédéric Lavoie, its Treasurer Toni Dilli, and members Mariama Dupuis, Nadine Raymond and Kenny Tang. Anick Morin’s mandate as Secretary was also renewed. The assembly also elected four new Board members to succeed those whose terms have come to a close in 2026: Nadir André, Pascal Grenier, Sophie Labrecque and Jason Taylor. FGM thanks them for their work and commitment!
A private equity director, Alexandre Jumelle has more than 10 years of experience in private markets investing, having contributed to the structuring and execution of numerous transactions across a variety of industries and stages of development. His expertise spans the full investment cycle, from opportunity selection to value creation within portfolio companies.
He holds a governance certification from the Collège des administrateurs de sociétés and has served as a board member and committee member for both for-profit and non-profit organizations. His experience includes mandates with the Regroupement des jeunes chambres de commerce du Québec, Groupe 3737, and Festival MAD. He holds a Master’s degree with a focus on strategy and corporate finance (HEC-Paris) and a Bachelor’s degree in Civil Engineering (Polytechnique Montréal).
CEO of Fondaction from 2020 to 2026, Geneviève Morin has spent more than 30 years actively mobilizing capital and uniting stakeholders to accelerate the positive transformation of the economy toward one that is more equitable, more inclusive, greener, and more productive. Recognized for her expertise in investment and her leadership in sustainability, she has held a range of positions with growing responsibilities within the financial sector.
Geneviève Morin sits on the boards of directors of Concordia University and Finance Montréal, where she chairs the Sustainable Finance Committee. She is also an independent member of the Canada Taxonomy and Transition Council. She holds an MBA in Finance from HEC Montréal, a Bachelor’s degree in Economics, and a certificate in Public and Community Affairs from Concordia University.
Marc Nisbet holds an MBA in Community Economic Development from Cape Breton University and a graduate certificate in the same field from Concordia University. He has more than twenty-five years of experience in the management and administration of Montreal-based cooperatives and organizations, as well as in entrepreneurial management consulting.
His work and research have given him an extensive knowledge of the social finance landscape and collective impact initiatives in Quebec. He has been involved with the Foundation of Greater Montreal as a member of the Community Engagement Committee since 2023, and more recently as a member of the Impact Investment Committee.
Since 2022, Rafaël Provost has served as Executive Director of ENSEMBLE pour le respect de la diversité, a pan-Canadian organization recognized for its work in bullying and discrimination prevention. He is among the 15 most influential LinkedIn creators in Quebec, has been named one of the four best young managers by the Regroupement des jeunes chambres de commerce, and was recognized as one of the 20 most influential non-profit Executive Directors in 2023.
He also sits on the board of directors of the McCord Stewart Museum, where he contributes to discussions on governance, cultural outreach, and community engagement. In 2025, he was named Young Leader of the Year in Quebec by the Chamber of Commerce of Eastern Montreal. He is also a 2025–2026 fellow of the Action Canada leadership program.
“Building on its achievements of the last 25 years, the Foundation of Greater Montréal is ready to launch the next chapter of its history. Now more than ever, institutions like FGM must direct their resources and influence towards the most marginalized in our community, as well as the people, groups, and grassroots collectives defending their values, rights, and dignity. Today, we reiterate this commitment towards all Greater Montreal communities” said Karen Macdonald, Chair of the Board of Directors.
“We are currently living through many crises, socially and environmentally, and also in the cultural sector. Therefore, we need everyone’s commitment, to the extent of each person’s means. To achieve real and lasting impact, we must work together. Although I stepped into this role only recently, I have already been able to witness the immense potential of the Foundation of Greater Montreal as a collective tool in service of the community. Thanks to its team — as skilled as it is dedicated — the FGM continually reinvents itself to better respond to needs and support the emergence of the profound changes our community aspires to. Join us: Greater Montreal needs you, now!”, added President and CEO Luc Rabouin.
“FGM’s role goes beyond merely managing and distributing funds: we are also here to listen, learn, build lasting relationships, and be a steadfast ally to our communities. In every aspect of our work, the transformative philanthropy we practice empowers people and fosters the development of sustainable, equitable responses to the great challenges of our time and place. Thank you for your support!” concluded Karen Macdonald.
Visit FGM’s website for the complete listing of our Board of Directors and Committees for 2026-2027. At our general meeting, FGM members and partners were also presented with the financial results of the FGM Investment Fund and an overview of the Foundation’s activities in 2025. To find out more about the Foundation’s work and our impact in the community, please see FGM’s Annual Report.
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Source: Foundation of Greater Montréal
For further information: Simon Delorme, Communications and Public Relations Advisor
[email protected] / (514) 866-0808, ext. 107
About FGM
The Foundation of Greater Montréal is committed to serving and listening to our community. In collaboration with our partners, we deploy philanthropic resources, disseminate knowledge and spark initiatives to support the Greater Montreal community. FGM aspires to build a community free from poverty and discrimination, where everyone can fulfill their potential in a healthy environment—today and into the future. Website: fgmtl.org
