Growth by $20 million and $4.1 million distributed to 319 community organizations Richard Pound re-elected chair of the board
Montréal, June 8, 2015 — During its annual general meeting held on May 27th, with close to 100 people in attendance, the Foundation of Greater Montreal (FGM) announced its 2014 achievements. On the financial level, the assets managed by the Foundation of Greater Montreal Investment Fund grew by $20 million over the course of the year, bringing the total foundation to more than $178 million. There was also a 43% increase in the distribution of grants over the previous year: a total of $4.1 million was distributed to 319 organizations in the greater metropolitan region.
“As we head toward 2017,” stated Yvan Gauthier, president and CEO of the FGM, “we are taking great steps toward achieving our strategic plan, which aims for significant growth in the philanthropic funds, an even deeper commitment to the community, and modernization of the organization. We’re moving full-steam ahead!”
“We’re celebrating our 15th anniversary,” noted Richard Pound, re-elected chair of the FGM board of directors and partner in the law firm Stikeman Elliott, “and we’re proud to be building a community foundation that will form a bridge between donors and the real issues in Greater Montreal – a foundation that supports the initiatives necessary to improve the quality of life in the community.”
The FGM will once again be able to count on a board of directors that brings together Greater Montreal business and philanthropic leaders.
Here are the members of the FGM board of directors for 2015:
Richard W. Pound, chair of the FGM board of directors, senior counsel at Stikeman Elliott
Jean-François de Grandpré, vice-chair of the FGM board of directors, retired judge Superior Court of Quebec
Jean-Guy Gourdeau, treasurer of the FGM board of directors, president and CEO of the Montreal General Hospital Foundation
Kim Thomassin, secretary of the FGM board of directors, managing partner, McCarthy Tétrault
Jean Camerlain, retired, former executive vice-president and COO, Centraide of Greater Montreal
Normand Grégoire, former vice-president, investments, Lucie and André Chagnon Foundation
Alice Herscovitch, executive director, Montreal Holocaust Memorial Centre
Monique Jérôme-Forget, special advisor, Osler, Hoskin & Harcourt
Roland Lescure, senior vice-president and chief investment officer, Caisse de dépôt et placement du Québec
Monette Malewski, president and CEO, Groupe M Bacal
Michael Novak, consultant
Karim Salabi, partner, Ascendis
Danielle Sauvage, manager in the cultural sector
Sam Scalia, founding president, Samcon
Deborah Shannon Trudeau, vice-president, international business and licensing, Trudeau Corporation
Recently elected board members:
Pierre Bourgie, president and CEO, Société financière Bourgie
Laurent Giguère, partner, audit, KPMG.
Our gratitude to the outgoing board members
The FGM would like to express its gratitude to the outgoing members of the board of directors for their commitment and remarkable contribution to the development and expansion of the Foundation of Greater Montreal. The outgoing members are J. Gilles Nolet, coach and partner, Groupe Pauzé; Aïda Kamar, president and executive director, Vision Diversité; and geneviève bich, vice-president, human resources, Métro.
Appointment of nine honorary members
The FGM took advantage of the occasion to appoint nine honorary members who have made an exceptional contribution to the spread of philanthropy at the Foundation of Greater Montreal. The new honorary members are:
John W. Gallop
Claire Richer Leduc
The next challenges for the FGM
During the coming year, the FGM will stay on course to fulfil the objectives of the 2014–17 strategic plan. Here are some of the goals that the FGM hopes to meet in the coming year:
- Continue to accelerate fund growth
- Offer a range of services to the North and South Shores of Montreal
- Launch the 7th edition of the publication Vital Signs on October 6.
About the Foundation of Greater Montreal
The Foundation of Greater Montreal is a charitable organization dedicated to improving the quality of life of communities in Greater Montreal. To this end, it creates and manages endowment funds, ensures their healthy management, and distributes the revenues to support charitable organizations involved in various sectors, including health, social development, arts and culture, education, and the environment.
Since its foundation 15 years ago, the FGM has distributed more than $16 million in grants to more than 1,000 charitable organizations in Greater Montreal involved in all sectors of society. The assets managed by the FGM are now over $178 million.