ANNUAL REPORT 2008-2009...cardiologist, researcher, clinician and director of the MHI Heart Failure...
Transcript of ANNUAL REPORT 2008-2009...cardiologist, researcher, clinician and director of the MHI Heart Failure...
ANNUALREPORT2008-20091
THEGIFTOFSELF
ANNUALREPORT2008-2009
2MONTREALHEARTINSTITUTEFOUNDATION
COVER
LessthanthreeyearsafterahearttransplantattheMontrealHeartInstitute(MHI),
SylvainBédardreachestheChamonixsummitofMontBlancwithDr.MichelWhite,
cardiologist,researcher,cliniciananddirectoroftheMHIHeartFailureResearch
Program(seeSylvainBédard’sstoryonpage30).
Photocredit:CarlosLetonas
ANNUALREPORT2008-20093
TABLEOFCONTENTS
MISSIONANDVISION 4
WORDFROMTHECHAIRANDEXECUTIVEDIRECTOR 5
WORDFROMTHEMONTREALHEARTINSTITUTE 6
BOARD,COMMITTEESANDSTAFF 7
FUNDRAISINGACTIVITIES 10
•HBFCAPITALCAMPAIGNDONORS 13
FOSTERINGTHEPURSUITOFEXCELLENCE 18
OURVOLUNTEERS 26
FINANCIALSTATEMENTS 28
OURSPONSORS 31
THEGIFTOFSELF–SHARINGTHESTORIES
MICHELSAUCIERANDGISÈLEBEAULIEU 11
JOHNA.RAE 14
IGAMERCHANTS 17
TONYMETI 20
NICOLEPARENT,RN,PH.D. 24
LISEVENNE 26
SYLVAINBÉDARD 30
ANNUALREPORT2008-2009
4MONTREALHEARTINSTITUTEFOUNDATION
MISSION
Raiseandmanagefundstosupportresearchandtechnologicaldevelopmentat
theMontrealHeartInstitute.Promotetheexcellenceofaninstitutionattheservice
oftheQuebeccommunity.
VISION
Withourvaluesandcommitment,wefostertheinnovativeapproachandsustain-
abilityoftheMontrealHeartInstitute,aworld-renowned,leadingedgecardiology
centrededicated topatient care, research, education,prevention, rehabilitation,
andtotheassessmentofnewtechnologiesincardiology.
Wecountonthecommitment,integrity,opennessandrespectofourgovernors
andstaff toensureboldandeffective results, aswell asgoodstewardship, ac-
countabilityandtransparencywhenmanagingthefundsentrustedtousbyour
partnersanddonors.
We recognize and appreciate thegreat value andpriceless contributionof our
volunteers.
MONTREALHEARTINSTITUTEFOUNDATION5000BélangerStreet
Montreal,QuebecH1T1C8
Tel.:514.593.2525
Tollfree:1.877.518.2525
Fax:514.376.5400
Charitablenumber–101837896RR0001
www.fondationicm.org/en/
ANNUALREPORT2008-20095
WORD FROM THE CHAIR AND EXECUTIVE DIRECTOR OF THEMONTREALHEARTINSTITUTEFOUNDATION
TheveryessenceoftheMontrealHeartInstituteFoundationisbuiltonthegift
ofselfandthesharingofwealthtonurtureabetterworld,oneinwhichhealth
canbeachievedthroughhigh-qualitycare,research,teachingandpreventionof
heartdisease.
Workingbehind the scenesmoreoften thannot, some200volunteers are key
contributors to the Foundation’s mission. Whether serving on the Board of
Directors or its committees, or volunteering to support the Foundation’s staff
duringeventsandday-to-dayactivities,everyoneofourvolunteersmakes the
Foundationshine,fromtheirexceptionalcommitmentandskills,theirwillingness
tolendasympatheticear,totheirpassionforthecauseandtheircompassionfor
others.TheirworkgoeshandinhandwiththatoftheMontrealHeartInstitutestaff
whogiveselflesslywhensupportingtheirfoundation.Everyvolunteerhelpssave
livesinhisorherownway.
WhilevolunteersaretheheartbeatoftheFoundation,itsraison d’êtreiswithoutadoubtthesharingofwealth.Despitetheeconomicdownturnaffectingsociety
asawhole,wehavewitnessedremarkablegenerosityonthepartofourpartners
anddonors.
Findoutmoreaboutsomeoftheextraordinaryindividualswhogiveofthemselves
andsharetheirwealthasyoureadtheirstoriesthroughouttheAnnualReport.
Toallourvolunteers,partnersanddonors,wesay“Thankyou!”foryourselflessness
andgenerosity.Wehopeyouenjoythereport.
Louis A Tanguay Danielle PagéChairoftheBoard ExecutiveDirector
6MONTREALHEARTINSTITUTEFOUNDATION
AMESSAGEFROMTHEINSTITUTE
THEMONTREALHEARTINSTITUTE:ANEXCEPTIONALENVIRONMENTSUPPORTEDBYTHEQUEBECCOMMUNITY
TheMHI’snationalandinternationalreputationforexcellenceinprevention,care,
research,innovation,teachingandevaluationisbuiltonthesupportofanamazing
team of skilled and devoted individuals who work in wide-ranging disciplines.
Furthermore,theMHIFoundation’sunfailingsupporthasplayedakeyroleinthe
Institute’sdevelopment.TheHeartBeatfortheFuturecapitalcampaignsurpassed
its ambitious objectives, proof of the overwhelming support and faith of the
QuebeccommunityintheMHI’svisionarygoals.Itssuccessisalsotheresultofthe
commitment,determination,generosityandwisemanagementofthecommunity’s
businessleaders.
The Foundation’smajor contribution, combinedwith the loyalty of donors and
volunteers,trulyfosterstheinnovativeprogressthatenablestheMHItoleadthe
fightagainstheartdisease.
We offer our heartfelt thanks and appreciation to the Foundation Board of
Directors, staffmembersandvolunteers for theiressentialwork,withoutwhich
theMHIwouldbeunabletopursueitsmissionofexcellenceandmaintainitstop
rankingamongtheworld’sbestcardiologycentres.
Jean Royer Robert BusilacchiChairoftheBoard ExecutiveDirector
ANNUALREPORT2008-20097
GaétanFrigon
THEBOARDOFDIRECTORSANDITSCOMMITTEES
COMITÉEXÉCUTIF
MoniqueLéonard
MoniqueF.Leroux
RémiMarcoux
L.JacquesMénard
RobertParé
Henri-PaulRousseau
LouisATanguay
MichelBernier
ClaudeBlanchet
StéphaneBoivert
RobertBusilacchi
FranceChrétien Desmarais
PierreN.Dumont
SylvieFontaine
RaymondFortier
Jean-YvesLeblanc
ChairoftheBoardLouis A Tanguay
ViceChairandTreasurerRaymond Fortier
BoardSecretaryRobert Paré
ExecutiveDirectorDanielle Pagé
FrançoisVeillet
Jean-ClaudeLauzon
8MONTREALHEARTINSTITUTEFOUNDATION
THEBOARDANDMEMBERSOFITSCOMMITTEES
1 BoardofDirectors2 ExecutiveCommittee3 NominatingCommittee4 MHIF–MHIJointCommittee5 Communications/Marketing/ Events6 PlannedGiftsCommittee7 InvestmentCommittee8 AuditandFinanceCommittee9 HumanResourcesCommittee
Note: Committeemandates arefoundatwww.fondationicm.org/en.
AndréBérard1
ChristianeBergevin1
MichelBernier1-2
HansP.Black1
ClaudeBlanchet1-2-3-4-7
YvonBolduc1
StéphaneBoisvert1-2
MichèleBoutet1-5
MarcY.Bruneau1-8
RobertBusilacchi1-2-4
MarvinCarsley1
VincentCastellucci4
FranceChrétienDesmarais1-2
PatriciaCuradeau-Grou1-8
LéonDontigny1
ChristianeDubé5
FrançoisDuffar1
PierreN.Dumont1-2-6
RobertDutton1
SantoA.Fata1
ClaudeFontaine1-6
SylvieFontaine1-2-8-9
RaymondFortier1-2-4-6-8
GaétanFrigon1-2-5-7
DianeHamel6
MelHoppenheim1
MartinJuneau5
DeepKhosla1-6-8
MathieuL’Allier6
JeanLambert6
DanielLamarre1
Jean-ClaudeLauzon1-2-9
Jean-YvesLeblanc1-2-4
AlainLellouche1
MoniqueLéonard1-2-5
MoniqueF.Leroux1-2-3-4
YvesLeroux6
RémiMarcoux1-2-9
L.JacquesMénard1-2
DeniseMérineau1
TonyMeti1
AvrumMorrow1
BrianM.Mulroney1
JacquesO.Nadeau1-8
DaniellePagé2-3-4-5-6-7-8-9
RobertParé1-2-3
MarcPoulin1
JohnA.Rae1
DouglasC.Robertson1
Henri-PaulRousseau1-2
JeanRoyer4
GuySavard1
LouisATanguay1-2-3-4
Jean-ClaudeTardif1
MarcP.Tellier1
RobertTrempe1-5
FrançoisVeillet1-2-4-7
ClaireWebster
ANNUALREPORT2008-20099
Danielle PagéExecutiveDirector
Gilles BabinDirectorofFinance
Guylaine BanvilleDirector,DirectMailand
DatabaseManagement
Elsa DesjardinsDirector,Eventsand
FundraisingProjects
Johanne McDonaldDirector,Developmentand
Communications
THEFOUNDATIONTEAM
Anne-Marie BessetteDataEntryOperator
Claude BourdonDevelopmentOfficer
Michèle BoyerAccountingandHuman
ResourcesTechnician
Carole GrayEventsCoordinator
Jocelyne GuignardSecretary-receptionist
Kellie Ann MacDonaldDataEntryOperator
Christine Plantier,AssistanttotheExecutive
Director
Isabelle Rousseau,AdministrativeAssistant,
Events
Isabelle Tremblay,CommunicationsOfficer
10MONTREALHEARTINSTITUTEFOUNDATION
SUMMARYOFFUNDRAISINGACTIVITIES
Netrevenuesforfiscalyear2008-2009totaled$12.75million,astrikingresultgiven
thedownturnintheeconomythispastyear.TheFoundation’stwocorefundraising
activitiesremaintheAnnualCampaignandtheHeartBeatfortheFuturecapital
campaign.TheAnnualCampaigninvolvesdirectmailing,planneddonations,events
andpartnerships,aswellasmiscellaneousgifts.
CHARTOFNETFUNDRAISINGINCOME
Heart Beat for the Future Campaign $ 6,255,328 49%
Annual Campaign
DirectMail $ 2,785,445
Bequests $ 628,229
PartnershipsandEvents
GrandBaldesVins-Cœurs $ 1,694,730
$2StraighttotheHeart $ 502,341
Golftournaments $ 247,010
MountMeraClimb $ 113,536
Lotteries $ 94,522
CœursUniverselsEvening $ 71,819
KPMGTribute $ 60,000
GillesProulxTravelConferences $ 20,233
Boutiqueandotherincome $ 65,126
Total–PartnershipsandEvents $ 2,869,317
Otherdonations $ 208,486
Total–AnnualCampaign $ 6,491,477 51%
Net Income from Fundraising $ 12,746,805
Direct Mail 43%
Bequests 10%
Partnerships & Events 44%
Other donations 3%
ANNUAL CAMPAIGN
$0 $0,5 M $1 M $1,5 M $2 M $2,5 M $3 M
2004 - 2005
2005 - 2006
2006 - 2007
2007 - 2008
2008 - 2009 $ 2 785 445
$ 2 683 902
$ 2 425 087
$ 2 339 052
$ 1 976 823
ANNUALREPORT2008-200911
THEGIFTOFSELFMICHELSAUCIERANDGISÈLEBEAULIEU:
GIVINGBACKTOSOCIETY
GivingbacktosocietyisafundamentalandnoblevalueforMichelSaucier
andhiswifeGisèleBeaulieu,avaluewhichtooktheformofagenerousdona-
tionof$5million for thecreationof theCentre de pharmacogénomique
Beaulieu-Saucier de l’Université de Montréal. From the groundbreaking
ceremonyinthefallof2007totheinaugurationinthespringof2009,the
Centrewaslongawaited.
Mr.SaucierandMs.Beaulieu’sgiftwaspartofa$6.6millioncontribution
fromtheMHIFoundation,which,combinedwith theworld reputationof
its researchers, helped leverageover$80million in funding tobuild and
operatetheCentre,including$22millioneachfromGénomeQuébecand
theGovernmentofCanada’sCentresofExcellenceforCommercialization
andResearch.
TheCentre is amajor international hub for pharmacogenomics research
andtheonlyacademicfacilityofitskindinCanada.Pharmacogenomicsis
aninnovativesciencethatfocusesonpersonalizedtreatmentbasedonthe
patient’sgeneticprofiletoprovidehighlytargetedmedicationtherapy.
Withastaffof45,theCentrebringstogetheramultidisciplinaryteamof
seasonedresearchersandstudentsspecializedingenomics,bioinformatics
andclinicalresearchstudies.TheCentreisapowerfulmagnetfortheworld’sbesttalent.Fromatechnological
standpoint,theCentrewasdesignedtomeetthehighestoperatingandsecuritystandardsinthefield(Good
LaboratoryPractice).
Gisèle Beaulieu and Michel Saucier with their son Michel-Olivier at the inauguration of the Centre pharmacogénomique Beaulieu-Saucier on April 6, 2009.
“We are truly passionate about pharmacogenomics because it is the medicine of the future and its discoveries will improve treatment of patients here and abroad. We’re very pleased to see that the dream of this magnificent research centre has become reality.”
Michel Saucier and Gisèle Beaulieu.
12MONTREALHEARTINSTITUTEFOUNDATION
HEARTBEATFORTHEFUTURE(HBF)
ThegoalofHBFcapitalcampaignistofundpartoftheMontrealHeartInstitute’sInvesting in Excellencevisionaryplanforsustainableandinnovativegrowth.
Withearningscurrentlyatmorethan$70millionandgrowing,campaignco-chairsAndréDesmarais,SergeGodinandMichaelJ.Sabiahavesurpassedtheinitialgoalof$60millionestablishedin2006.
BeyondthecreationofthePharmacogenomicsCentre,theFoundation’sHBFcontributionwillhelpfundthefollowingprojectsovera10yearperiod:
•Research – Tosustainitsgainsandpositionitselfasaleaderintheemerging sciencesectors:
•Expandbymorethan50%theResearchCentre’scurrentsurfacearea;•Createnew researchchairs in suchfieldsaspharmacoproteomics,preventionofcardiovascular ageing, regenerative medicine and tissue engineering, cardiactransplantationandcardiacinsufficiency.
• Patient Care –TobettermeettheneedsoftheQuebecpopulation:
•Buildanewsurgerywingwithsevenstate-of-the-arttheatres;•Expandandupgradetheemergencyunit;•Solidifyandupgradeoutpatientservices;•Acquirehigh-techspecializedmedicalequipment.
• Training–BuildaTrainingCentreforExcellenceinCardiovascularHealththatwill provideacomprehensiverangeofstate-of-the-artinstallationsandequipment, including:
•Amultimediaauditoriumwithaseatingcapacityof250;•Asimulationlaboratoryincriticalcardiovascularcare;•Teachingfacilitiesadaptedtomoderntrainingmethods;•Teleteachingequipment;•Onlinetraining.
•Prevention–TheexpansionoftheEPICCentrewillmakeitpossibletointegrateanewcentrededicatedtoleading-edgetraininginprevention.Healthprofessionalssuchasphysicians,nurses,dieticiansandkinesiologists,willbenefitfromthebesttoolsavailableforpreventionawareness.
ANNUALREPORT2008-200913
$5 M and overMichelSaucier&GisèleBeaulieu
$2 M to $5 MBellCanadaMarissa&FrancescoBelliniBMOFinancialGroupBostonScientificCanadaLtd.AndréDesmarais&FranceChrétienDesmaraisPaul&JacquelineDesmaraisFondationJ.-LouisLévesqueHydro-QuébecTheJ.W.McConnellFamilyFoundationPowerCorporationofCanadaSt.JudeMedicalCanadaInc.
$1 M to $2 MClaudine&StephenBronfmanCGICNPaul&HélèneDesmaraisFondationJ.A.DeSèveFondationJeunesse-VieGreat-WestLife,LondonLife,CanadaLifeJ.ArmandBombardierFoundationJohnson&JohnsonMedicalSuppliesMouvementdescaissesDesjardinsNationalBankofCanadaRBCFoundationCarolyn&RichardRenaudSaputoinc.
$500 K to $1 MCIBCPeterMunkCharitableFoundationRioTintoAlcanRonainc.Sanofi-aventisCanadaInc.ScotiaBankTDBankFinancialGroup
$100 K to $500 KAtcoGroupCAEInc.CanamManacGroupCascadesinc.Couche-TardDalfenFamilyFoundationRosemary&MelHoppenheimFondationFernandR.BibeauG.WallaceF.McCainGazMétroKaycanLtd.LaurentianBankFoundationManulifeFinancialMapleLeafFoodsMetroinc.MHIAssociatedCardiologistsNussia&AndreAisenstadtFoundationPortofMontrealAuthorityPratt&WhitneyCanadaSunLifeFinancialInc.The Sandra and Leo Kolber FoundationTranscontinentalinc.UniversitédeMontréal
$50 K to $100 KFondationMarceletRolandeGosselinDanielLamarreLiebermanTranchemontagneLuigiLiberatoreFoundationMerckFrosstMHIAssociatedAnesthesiologistsMittalCanadaInc.MonitorAngelcareSamsonBélair/Deloitte&ToucheFoundation
$25 K to $50 KAirLiquideCanadaConstructionAlbertJeanLtée.DessauInc.LouisATanguayFondationJeanne-ManceRoberfraginc.
THANKYOUTOOURHEART BEAT FOR THE FUTURE CAMPAIGNDONORS
We also thank the numerous donors who have contributed up to $25,000 to the Heart Beat for the Future capital campaign.
14MONTREALHEARTINSTITUTEFOUNDATION
THEGIFTOFSELFJOHNA.RAE:VOLUNTEERATHEART
JohnA.RaeisthemanbehindtheFoundation’sgolftournamentinKahnawake,anannualevent
thathasraisednearly$1.7millionsinceitwaslaunchedin1987.Avolunteeratheart,always
humbleand respectful,he tellsofhis fondness forhis formercolleagues,J.FrankRoberts,
MarcL.BelcourtandYvesMarcil,theevent’sfoundersandallthreemembersoftheBoardof
DirectorsoftheMHIResearchFund,astheFoundationwasformerlyknown.AccordingtoMr.
Rae,thecreditbelongstothem,totheKanawakiGolfClubandtothevolunteerswhohave
givenofthemselvesovertheyears.“It’s nothing formal, really. It’s about inviting people to have
fun playing golf on a nice summer day,”saysJohnRae.Whatdriveshimtocarrythetorch
yearafteryear?Theanswerissimple:“The Montreal Heart Institute is a pillar of healthcare. We
have to support it.”
MarcBelcourtremembersthattheMHIResearchFundhadmetDr.PaulDavid’schallengeto
raise$10millioninthe10yearsspanning1977to1987.Newavenuesneededtobeexploredto
meettheneedsofaninstitutionthathadalreadyearnedeveryone’srespect.“No one could
say no to Frank Roberts, who was Chairman of the Fund in 1987,”addedMr.Belcourt.“Frank,
Yves and I decided that the cost of the first tournament would be $1,000 per golfer, and since
the maximum number of players allowed was 29, profits that first year totalled $29,000. It was
quite something back then!”TwoyearspassedbeforeJohnRaewouldtakeovertheannual
eventthatwouldbecomesosuccessfulovertheyears.
AndJohnRae’smostmemorablemoment?“Oh, that’s easy: When Donald K. Donald scored a
hole in one… It cost me a bundle, but we raised a lot that year,”hechuckled.
“The Montreal Heart Institute is a pillarof healthcare. We have to support it.”
John A. Rae
ANNUALREPORT2008-200915
DIRECTMAIL
In 2008-2009, gross revenues from
direct mail increased by 3.8% to
reach almost $2.8million. More than
35,200 donors, including 9,400 new
supporters, made a total of 53,151
donations. Despite the decrease in
overall donations in the philanthropic
sector, the average new donation to
theFoundationincreasedby2.8%.
GROSS INCOMEFROMDIRECTMAIL
INTHELASTFIVEYEARS
Direct Mail 43%
Bequests 10%
Partnerships & Events 44%
Other donations 3%
ANNUAL CAMPAIGN
$0 $0,5 M $1 M $1,5 M $2 M $2,5 M $3 M
2004 - 2005
2005 - 2006
2006 - 2007
2007 - 2008
2008 - 2009 $ 2 785 445
$ 2 683 902
$ 2 425 087
$ 2 339 052
$ 1 976 823
EVENTSANDPARTNERSHIPS
Thisyear,netrevenuesfromeventsand
partnerships totalled $2.87 million, of
whichover$2million(70%)camefrom
Foundation events and $849K (30%)
fromactivitiesorganizedbypartners.
THEBESTOFLEGRANDBAL
DESVINS-CŒURS
The 8th annual Grand Bal des Vins-
Cœurswasanunprecedentedsuccess
with net revenues jumping from $1.1
million in 2007 to over $1.7million in
2008. Nine hundred and fifty guests
cametopaytributetoFranceChrétien
Desmaraiswho took her final bowas
Chair of the Foundation’s Board of
DirectorsinJune2008.
During her seven years at the helm,
Ms. Chrétien Desmarais contributed
significantly to the Foundation’s
direction. She was and still is the
inspiration and driving force behind
the Grand Bal, which generated over
$8 million in funding over the years.
Furthermore, she and her husband
AndréDesmarais,weretheflagbearers
fortheHeartBeatfortheFuturecapital
campaign,whichgeneratedmorethan
$70milliontodate.
The 8th annual Grand Bal des Vins-
Cœurs owes its success to its four
patronsofhonour,MoniqueF.Leroux,
Marc Bibeau, L. Jacques Ménard and
Richard J. Renaud, as well as to the
electrifying performance generously
givenbyCirqueduSoleil,thedelicious
mealpreparedbyAlainPignard,Chef
at the Fairmont Queen Elizabeth
Hotel, and the delightful wine served
toguests,complimentsoftheSociété
desalcoolsduQuébec.Itmadeforan
unforgettablenight.
A tribute to France Chrétien Desmarais at the Grand Bal des Vins-Coeurs
R: Jean Chrétien, Aline Chrétien, André Desmarais, France Chrétien Desmarais, Jean Charest, Michèle Dionne, Suzanne Tailleur-Tremblay, Gérald Tremblay
16MONTREALHEARTINSTITUTEFOUNDATION
THESTEADYBEATOFANADCAMPAIGN
Who among us has never seen the ECG on a
cheque,thetrademarkoftheFoundation’sSteady Beatadcampaign?ItwashardtomissonTVand
radio, in the papers, on roadside billboards and
otherdisplays,evenatMontreal-TrudeauAirport.
Thanks to thegenerosityofourmediapartners,
the Steady Beat. campaign provided excellent
visibilityfortheFoundation’scause.
GOLF
Golf is not only an excellent physical
activity, it is also a greatway to raise
fundsforagoodcausewhilehavingfun.
In 2008-2009, approximately $250K
wasraisedthroughgolfactivitiesthanks
to John A. Rae, Monaco Group, the
Association des Vinchiatures, Gabriel
Buisson, the familyofRolandBeaulieu
in his memory, and Tony De Risi in
memoryofhissisterMaria.
IGACUSTOMERSDONATE$2…
STRAIGHTFROMTHEHEART
Thanks to the extraordinary work of
the IGA team throughoutQuebec, as
wellasthemerchantsthemselves,the
$2 Straight to the Heartcampaignwas
at full speed in February 2009 and
generated an unprecedented amount
ofmorethanhalfamilliondollars.
OTHEREVENTSANDPARTNERSHIPS
We thank our other partners for once
again generously supporting the
Foundation. These include a tribute
to the late Roxane Roubeiz organized
by her colleagues at KPMG ($60K for
prevention); the Gilles Proulx seminars
andphotoexhibitsorganizedbyDiane
Laberge of the Yves Légaré funeral
complex ($20K), and the Boston
ScientificSpin-O-Thon($3K).
The Foundation organized the Soirée
desCœursUniverselsinOctober2008,a
dinner-danceinwhich300participants
helped raise $70K. Lotteries and other
Foundation activities contributed an
additional$160Ktorevenues.
Roxane Roubeiz, who died suddenly of heart disease in December 2007, was honored by colleagues at KPMG.
Ph
oto
: KP
MG
ANNUALREPORT2008-200917
THEGIFTOFSELFIGAMERCHANTS:INVESTINGINTHECOMMUNITY
Servingthecommunityisattheheartofthesociallyresponsiblevisionof
Quebec’s256IGAmerchants.Theylooktotheircustomers,employees
andthecommunitywhenselectingworthycauses.However,onlythe$2
Straight to the Heartcampaign issupportedbyallmerchants.Known
under a variety of names, this annual campaign has raisedover $4.8
millionfortheMHIFoundationsinceitbeganover23yearsago.
“Our employees get involved every February; it’s a cause they really take
to heart. In fact, our cashiers have a way of convincing customers to give.
Truth be told, our socially responsible approach fosters customer loyalty
and helps with employee retention. It’s a win-win situation,”saidBruno
Lambert,PresidentoftheIGAmerchantsassociation.JenniferAlberts,
Head Cashier at the Morin Heights IGA store, is delighted with the
enthusiasmofher15cashiers.“Taking part in a worthy cause supported
at large is highly motivating,”shesaid.
Thesedays,partnershipsdonotnormallylastaslong.So,wheredoes
thisheartfeltpassioncomefrom? “It all started when Pierre Croteau,
Head of IGA in 1986, made heart disease his cause,”saidPierreSévigny,
IGAMerchantMentoratSobeys.“Since then, our President Marc Poulin
has continued to support this initiative. Customers, employees and
partners, as well as family members and friends, are all affected, one
way or the other, by heart disease, the leading cause of death in Canada.
That’s why we are a proud partner of the MHI Foundation.”
“ Truth be told, our socially responsible approach fosters customer loyaltyand helps with employee retention.
It’s a win-win situation.”Bruno Lambert
L to R: Bruno Lambert, owner of the IGA in Saint-Bruno and President of the IGA merchants association. From Sobeys: Marc Poulin, President; Guy Terroux, VP Marketing; Louise Donaldson, Marketing Advisor; Pierre Sévigny, Senior VP, Retail Operations and Development. From the Foundation: Danielle Pagé, Executive Director; Elsa Desjardins, Director, Events and Fundraising Projects
Ph
oto
: Jazz
Ph
oto
18MONTREALHEARTINSTITUTEFOUNDATION
In 2008-2009, new grants to the
Montreal Heart Institute totaled
$8.3million, including$2,6million
forspecializedmedicalequipment,
$3.8 for research and a reserve
of $1.9 million for essential and
priority projects. An additional
$2.7millionwasearmarkedforMHI
projects, for a total contribution
tonewinitiativesof$11million.
FOSTERINGTHEPURSUITOFEXCELLENCE
2008-2009GRANTSSUMMARY
Specializedmedicalequipment*1 $ 2,554,857Annualresearchgrants $ 2,510,000 Project-Robotics&High-techintheNewOperatingArea $ 400,000 Project-GeneticCohort $ 300,000Project-GeneticsofPrematureInfarction $ 160,000Project-StatinPharmacogenomics $ 160,000Training,awards,grants $ 255,500Reserveforessentialandpriorityprojects $ 1,916,359
Total $ 8,256,716
Note1:Specializedmedicalequipmentincludes:
•Asystemofoperatingtableswithautomatedtransferfunctionality
•ADopplerultrasoundsystem
•Automated,roboticmedicationdistributionsystems
•Aradiologicalprotectionsystem–Medicalimaginginthesurgerydepartment
•Aclinicaldatabanksystem
•Acartography-capableintracardiac(ICE)andtransesophagal echocardiography(ETO)system
•TheimprovementofanEPMEDacquisitionandreviewstation
•Anuclearmedicinetreatmentstation
ANNUALREPORT2008-200919
Partly funded by the Montreal Heart
Institute Foundation, the 6,500-metre
climb to the summit ofMera Peak, in
Nepal,enabledMontrealHeartInstitute
researchers to study the heart, the
strongestengineinexistence.
InMay2008,twelvepeopleofdifferent
agesandvariousphysicalfitnesslevels,
includingsevenbabyboomers,setout
onthismonth-longexpeditionwhereair
was increasingly rarefied. Amongthe
participantswere64year-oldRaphaël
Delacombaz,heart-transplantrecipient
Dale Shippan, and kidney-transplant
recipient Dave Smith.
The expedition was
organized and supervi-
sedbyDr.MichelWhite,
a highly experienced
cardiologist, researcher
and clinician, who is
the Director of the MHI
Heart Failure Research
Program.
Dr.White and his team
were joined by Charles
TisseyreandHélèneLeroux,
respectively host and
coordinating producer of
Radio-Canada’sscienceshowDécouverte.The two-episode documentary Baby-boomers à l’assaut du mont Mera (« Baby Boomers Conquering Mera
Peak»)hadoneofthetopratingsof
theDécouverteseries.
TheexpeditionenabledMHIresearchers
to conclude that sedentary baby
boomers can in fact reclaim their
health and fend off North America’s
number-one killer, heart disease. The
MHI Foundation is a proud supporter
ofthisinitiative.
CONQUERINGMERAPEAK
L to R: 1st row : the team’s sherpa, Hélène Leroux, Raphaël Delacombaz, Dr. Michel White; 2nd row, Emmanuel Daigle, Julie Graham, Dave Smith, Yanick Rose, Michel Valiquette and Dr. Janie Laramée.
Ph
oto
: © M
ich
el W
hit
e
20MONTREALHEARTINSTITUTEFOUNDATION
THEGIFTOFSELFTONYMETI:TRAININGANDRETENTION
TonyMetihasknownforquitesometimethataninstitution’sgreatestasset
is its staff. He realized that theMontrealHeart Institutewouldbeat risk,
particularlywith respect to its visionary approach, should it beunable to
attract and retain highly specialized staff. It led him to create theBal du
Coeurwithaviewtoraisefundsforpost-doctoralawards.Forthepastten
years,theBalduCoeurFellowshipshavebeenhighlysuccessfulinattracting
and retaining promising young heart specialists looking to broaden their
expertiseandadopttheMHI’smissionastheirown.
From this highly successful initiative stems theMHIF’s innovative nursing
scholarships.TonyMetijoinedforceswiththeMHIFoundationandTDBank
in2007-2008toprovidespecializedtrainingtocardiologynurses,individuals
whoseextraordinarycontributiondeservestoberecognized.
The$5millionraisedovertheyearsbythe
BalduCœurcontinuestomakeheadway.
In June 2008, the Foundation launched
theBalduCœurSeminars,ashowcasefor
knowledge transfer where Bal du Coeur
Fellows shared their research findings
withMHIcolleagues.
The launchof theseminarsservedasan
opportunitytopaytributetoTonyMeti,a
manofvisionwhocontinuestocontribute
to the excellence of the MHI and its
Foundation.
“I believe that giving is more importantthan receiving and feel immense joy at
the thought of playing a role in progressat its best. If everyone got involved in
a cause they felt strongly about, it wouldmake the world a better place”
Tony Meti
ANNUALREPORT2008-200921
BALDUCŒURFELLOWSHIPS
FocussingontheMHIpriorities,theBal
du Cœur Fellowships are awarded to
clinicalphysicianspursuingpostdoctoral
studies, specialized training or clinical
research.
Dr.François-PierreMongeon–$50,000
for specialization in congenital
cardiology at the Mayo Clinic and in
cardiacmagneticresonanceatBoston’s
BrighamandWomen’sHospital.
Dr.YoanLamarche–$50,000foraclinic-
al over specialization in cardiovascular
surgery and intensive care at the
UniversityofBritishColumbia.
Dr. Lena Rivard – $10,000 for a
specialization in electrophysiology at
HôpitalHaut-LévesqueinLyon,France.
MARTIALG.BOURASSAPRIZE
Awardedinrecognitionofexcellencein
researchanddedicationtothescientific
life of the MHI, this prize helps the
researcherdevelopandconductclinical
orbasicresearch.
Dr. Marie-Pierre Dubé – $25,000
for research on the context and
application of genetic epidemiology
andcardiology.
FELLOWSHIPAND
RESEARCHGRANTS
Fellowship–$50,000
Grants–$12,000each
Dr. Ricardo Costa: Fellowship in
echography
Catherine Barahona-Dussault: Genetic
of arhythmogenic right ventricle
cardiomyopathy
ÉlizabethDumas:Effectofangiopoiet-
ins on neutrophil survival under
normoxicandhypoxicconditions
JulieGraham:Subclinicalinflammation,
exercise capacity and recovery in
patientswithheartfailureandpreserved
systolicfunction
Jacinthe Lachance: Post traumatic
stress disorder related to myocardial
infaction: Consequences on resource
utilizationandmedicalhealth
Véronique Lavoie: Study of the
interactions between endothelial
progenitorcellsandadiponectin
ArtavazdTadevoysan:Nuclearreceptors
forAngiotensinII
AWARDSOFEXCELLENCE
Throughfellowships,scholarshipsandgrants,theFoundationrecognizesthepursuit
ofexcellenceinresearchwhilefosteringthespecializedtrainingofMHIprofessionals.
22MONTREALHEARTINSTITUTEFOUNDATION
NURSING AND CLINICAL PERFUSION GRANTS AND
SCHOLARSHIPS(TDBANKANDBALDUCŒUR)
ACLS Training - $1000 each
GRANTEE MHIDEPARTMENT
Beauchemin,Cindy Emergency
Bernatchez,Johanne IntensiveCare
Bessette,Annie-Claude IntensiveCare
Camirand,Normand* IntensiveCare
Caron,Sylvie IntensiveCare
Charest,Kathleen Emergency
Courcy,Marie-Josée* Emergency
Davidson,Lynda* IntensiveCare
Deroy,Gaétan* IntensiveCare
Desbiens,Marie-Hélène IntensiveCare
Dieu,Catherine InterimHeadNurse
Doherty,Amélie* IntensiveCare
Fernandez,Nancy* CoronaryUnit
Grèves,Jacques IntensiveCare
Houle,Ghislaine IntensiveCare
Ismael,Edeline 4thFloorEast
Laflamme,Émilie* FloatTeam
Laflamme,Julie CaseManagement
Landry,Jean-Philippe* IntensiveCare
Lapointe,Frédéric* CoronaryUnit
Lessard,Hélène* 4thFloorEast
Malouin-Benoît,Marie-Christine* FloatTeam
Noël,Lise* IntensiveCare
Paquet,Pascale Emergency
Parisien,Gladimir IntensiveCare
Perron,Jessie FloatTeam
Provencher,Julie Hemodynamics
Raymond,Mélanie Emergency
Tremblay,Nancy* SurgicalUnit
Trudeau,Caroline* MedicalICU
Vallée,Karl* Emergency
Vallières,Josée* IntensiveCare
*2007-2008Grantee
Iamamazedbytheextraordinaryhighcalibre
of theMontreal Heart Institute nurses. You
noticerightawaythattheylovetheirpatients
and that they come up with solutions that
no one else has imagined. They are truly
remarkable!
Hélène QuevillonIndependentACLSMasterInstructor
Clinical Perfusion Grants
ClothildePerreault-Hébert–$10,000
IsabelleRobert–$10,000
ANNUALREPORT2008-200923
Thanks to the Foundation’s annual contribution of $50,000 for teaching, theMHI’s new ongoing professional
developmentWebsiteisnowoperational(www.dpc.icm-mhi.org*).Healthprofessionalscanvisitthesitetowatch
medicalseminars,receiveprofessionaldevelopmentcredits,testtheirknowledgewithspecificquestionsandfind
informationabout themany trainingactivitiesorganizedby theMHI.As this is thefirstphaseof thesite,new
sectionswillbeaddedovertime.Pleaseacceptourheartfeltthanksforcontinuingtosupportourtrainingand
knowledge-sharingactivities.
Annie Dore, MDDirector,Teaching
*OnlyavailableinFrenchatthistime.
Nursing Scholarships
SCHOLAR ACADEMICPROGRAM UNIVERSITY SCHOLARSHIP
Allard,Judith BaccalaureateinNursing UniversitédeMontréal $3,000
Beaulieu,Catherine Baccalaureate,psychology&clinicalmilieu UniversitédeMontréal $3,000
Beaulieu,Valérie* MastersinNursing,Administration UniversitédeMontréal $7,500
Blanchet,Marie-Claire* BaccalaureateinNursing U.QCàTrois-Rivières $3,000
Chagnon,Marie-Claire* BaccalaureateinNursing U.QCàTrois-Rivières $3,000
Chantal,Johanne* Postoperativecarecertificate AIIC $1,000
Chénard,Nancy MastersinNursing U.QCàTrois-Rivières $5,000
Denoncourt,Stéphanie DEC-BAC UniversitédeMontréal $3,000
Desbiens,Marie-Claude* BaccalaureateinNursing UniversitéLaurentienne $3,000
Doherty,Amélie BaccalaureateinNursing U.QCàTrois-Rivières $3,000
Downs,Francis BachelorinNursingIntegrated McGillUniversity $3,000
Jolicoeur,Joëlle* MastersinNursing UniversitédeMontréal $7,500
Laliberté,Julie* DEC-BAC McGillUniversity $3,000
Langlois-Hachey,Marjorie MentalHealthCertificate UniversitédeMontréal $2,000
Lessard,Hélène MentalHealthCertificate UniversitédeMontréal $2,000
Malouin-Benoît,M.-Christine MastersinNursing,counselor UniversitédeMontréal $5,000
Massé,Marc-André Baccalaureate(accumulatedcertificates) UniversitédeMontréal $2,000
Perron,Jessie* BaccalaureateinNursing UniversitédeMontréal $3,000
Sabourin,Isabelle Baccalaureate(accumulatedcertificates) UniversitédeMontréal $3,000
Soucy,Chantal* DESS,preventionofinfection UniversitédeMontréal $5,000
*2007-2008Scholars
24MONTREALHEARTINSTITUTEFOUNDATION
THEGIFTOFSELFNicoleParentRN,Ph.D.:VolunteersinSurgery
Eyes sparkling with energy, focused and welcoming, Nicole Parent
offersFoundationstaffanddonorsatourofherworld:theMontreal
HeartInstitute’sSurgicalCareandIntensiveCareunits.Shejoinedthe
MHIteam20yearsagoandhasbeentheHeadofSurgicalUnitsfor
thepastthreeyears.LikeothermembersoftheMHIstaff,shehasbeen
highlysupportiveoftheFoundation’smission.
NicoleParenthasalwaysbeenkeenlyinterestedinwhypeoplefeela
needtohelpandmadeitthesubjectofhermaster’sthesisinnursing
at Université deMontréal. “What really fascinated me was the way
patients naturally helped one another,”shesaid.Aftercompletingher
degree, sheestablished theVolunteerSupportProgram forCardiac
Surgery Patients,which is celebrating its 15th anniversary this year.
Trained by a team of MHI specialists, eight volunteers accompany
patientsandfamiliesbeforeandaftersurgerytohelpreduceanxiety.
ThispioneeringapproachwassosuccessfulthattheAmericanHeart
Association asked Ms. Parent to present her findings at its annual
conferencein1995.
NicoleParent isherselfadedicatedvolunteer.AsNationalResearch
ChairoftheCanadianCouncilofCardiovascularNurses,shegives
ofhertimetoorganizetheCouncil’sannualconferences
and helps disseminate the knowledge gained through
cardiovascularandcerebrovascularresearch.
“Even now, after 20 years, I’m stillawed by the expertise and dedication
in saving lives that I find at theMontreal Heart Institute.
Just seeing the relentless work of my colleagues and volunteers motivates
me to give even more of myself.”
Nicole Parent with volunteer Richard Larouche
ANNUALREPORT2008-200925
J.-LOUISLÉVESQUEPRIZE
Inrecognitionofthebestoral
presentationsonclinicalandbasic
research.
CatherineLabbé–$750
FirstPrize,basicresearch
CatherineMartel–$750
FirstPrize,clinicalresearch
GuillaumeVoghel–$500
SecondPrize,basicresearch
NICOLEBUREAU-TOBINPRIZE
Inrecognitionofexcellenceinnursing
researchandtheshort-termimpactit
willhaveinthefieldofcardiology.
AnieBrisebois–500$
IntensiveCareDelirium
Foundation directors and MHI specialists and staff attending the 2009 Bal du Cœur to honour this year’s Fellows. L to R - 1st row: Dr. Joan Lamarche, Dr. François-Pierre Mongeon, Dr. Laurent Macle, Tony Meti; 2nd row: Dr Michel Pellerin, Dr. Lena Rivard, Danielle Pagé, Robert Busilacchi, Dr. Jean-Claude Tardif, Dr. Guy Pelletier; 3rd row: Dr. Arsène Basmadjian, Dr. Baqir Qizilbash, Louis A Tanguay, Dr. Léon Dontigny, Dr. Jean Taillefer, Dr. Peter Guerra, Dr. Normand Racine.
26MONTREALHEARTINSTITUTEFOUNDATION
THEGIFTOFSELFLISEVENNE:BEEINGUSEFUL
LiseVenne isoneoftheFoundation’sseniorvolunteers,helping
the MHIF with its day-to-day activities. Having retired after a
long career as a secretary-receptionist in a medical office, she
is currently putting her life experience and officemanagement
skillstogooduse.Hersoundjudgment,speedandeyefordetail
are highly appreciated by staffwho have to dealwithmultiple
tasks in rather limited time.When needed, she takes charge of
thereception,helpswithmailingsandhandleswellanyothertask
giventoher.
“I like feeling useful,” saysMrs.Venne,whohasmadeherwaytotheFoundation’soffices
onceortwiceaweek,rainorshine,forover12years.Mrs.Venneworkswiththe‘Monday
andTuesdaycrowd.’Theyenjoybeingtogethereveryweekandgoingoutforamealonce
amonth.
Lise Venne
“What I like most isthe warm welcome,the respect and the
kindness of everyoneat the Foundation.
I’ll miss them a lot when I leave.”
THANKYOUTOALLOURVOLUNTEERS!
Volunteering isnobleandvital tosociety’swell-being.Everyyear inQuebec,some
twomillionpeopleputinover310millionhoursofvolunteerwork,moreoftenthan
notbehindthescenes.Over200dedicatedindividualsgiveoftheirtimeandexpertise
tohelptheMontrealHeartInstituteFoundationcarryoutitsmissionandoperations.
Theyareourmosttreasuredasset.
Belowisapartiallistofourvolunteers.BoardandCommitteeMembersarelistedon
pages7and8oftheAnnualReport.Notlistedarethehundredsofemployeesand
associateswhoarededicatedtoourcausethroughvariouspartnerships.
NathalieAcloque
FernandoBarberini
CarmenBau
DorisBeauregard
YvonBédard
Jean-MarcBéland
DianeBenoit
GeorgesBergeron
GhislaineBergeron
MarcBibeau
TracyBibeau
LouiseBlanchard
LucilleBlanchet
ClaudineBlondin-Bronfman
RaymondBoily
BernadetteBouchard
PierreBoudreau
MichaëlBourdages
StéphanieBourdages
MoniqueBourgeois
JeanneBouvier
ANNUALREPORT2008-200927
RaymondBrisebois
BenjaminBrodeur-Poupart
PierreCadieux
VittorioCapparelli
Jean-PierreCarignan
MarieCarignan
LucilleCasgrain
JeannetteChabot
FrancineChampoux
AlainCharron
MichelineClocher
CécileCollard
AntoninaConsiglio
RitaCorbeil
DeniseCornellier
HélèneCouillard
MarieCournoyer
ThérèseCoutu
ClaraDeAmbrosi
LindaDeLuca
KatiaDekkers
MarcelDerail
RonaldDeschênes
NicoleDesgagnés
HélèneDésilets
AndréDesmarais
SylvieDesormeaux
JeannineDiSabato
VittorioDiVito
Marie-AnneDion
JohanneDoyon
FlorentDupuis
PaulDurocher
CaroleDussault
EduardoFernandez
CécileForest
LiseForest
GuyFortier
ClaudeFortin
MadeleineFoster
MireilleFournel
LucilleGagnon
NicoleGariépy
DanyGaudreault
JacquelineGauthier
GhislaineGélinas
AnnieGiguère
SergeGodin
AlineGosselin
ThérèseGratton
MauriceGuay
DeniseGuy
GerryGuy
NicoleHamel
NinonHarnois
JacquelineJérôme
SuzanneJobin
NicoleLachapelle-Cazelais
GhyslaineLacourse
MarilyneLafontaine
MélinaLafrance
LorraineLake
JacquesLamontagne
LorraineLamontagne
FleuretteLamoureux
ValérieLangevin
SylvioLanglais
MartheLapensée
AndréLapointe
GhyslaineLarouche
MarlèneLaurenzana
PierretteLavergne
Marie-FranceLavigueur
LouiseLebrun
ThérèseLecours
ChristineLefebvre
GinetteLefebvre
RenéeLegault
ThérèseLegros
MoniqueLemieux
DanielleLemoyne
MargueriteLéporé
PhilippeLéporé
LiseLespérance
LiseLétourneux
LuigiLongo
MichelleLoranger
MarieMaculeuseLouis
GisèleMartineau
Marie-PierreMathieu
BernardMeloche
SalvatoreMigliara
PinoMonticciolo
MarcelMoretti
JosephMormina
PierreNoël
AlexPacetti
JacinthePagé-Bérard
SergeParé
GastonPelletier
PierrettePelletier
ChristianePerreault
FrançoisePoirier
MoniquePrimeauLeblanc
LouisePrivé
GisèleProvost
JohnA.Rae
RachelRenaud
RichardJ.Renaud
Jean-MarieRivard
DenisRoy
DeniseRoy
MichaelJ.Sabia
GinetteSansfaçon
AméliaViolo-Saputo
ChristianeSauvé
ClaireSimard
RollandeSimard
AudreySirois
CarolineSirois
DanySirois
MartineSirois
GillesSpinelli
GinetteSt-Hilaire
MichelineSt-Pierre
NicoleSt-Pierre
RochSt-Pierre
SoniaTeolis
SylvainThéberge
RollandThibault
SuzanneThibault
ThérèseTousignant
PaulineTrottier
FrançoiseVaillancourt
ClaireVanasse
JulieVeilleux
LiseVenne
SuzetteVideauPujau
CaroleVillani
MarcelWalker
AliceWembo
28MONTREALHEARTINSTITUTEFOUNDATION
FINANCIALSTATEMENTSFortheYearEndingMarch31st 2009 2008
CUMULATEDGENERALANDENDOWMENTFUNDS
Revenue
Donations,bequestsandactivities $ 5,769,955 $ 5,472,489
Investmentincome $ 1,301,627 $ 6,028,589
Total revenue $ 7,071,582 $ 1,501,078
Expenses $ 1,437,350 $ 1,444,535
Excessrevenueoverexpensesbeforecontributions $ 5,634,232 $ 10,056,543
ContributionstoMHIforresearch,technologicaldevelop.andotherexpenses $ 4,253,645 $ 3,640,292
Excess revenue over expenses $ 1,380,587 $ 6,416,251
Balanceoffunds,beginningofyear $ 55,423,713 $ 57,518,955
Transfertootherfunds* $ -- $ (1,714,135)
Unrealizedlossoninvestments $ (8,255,652) $ (6,797,358)
Balance of funds, end of year $ 48,548,648 $ 55,423,713
OTHERFUNDS**
Revenue
Donationsandactivities $ 6,976,850 $ 5,336,044
Investmentincome $ (20,279) $ 1,429,257
Total revenue $ 6,956,571 $ 6,765,301
Expenses $ 224,578 $ 285,191
Excessrevenueoverexpensesbeforecontributions $ 6,731,993 $ 6,480,110
ContributionstoMHItechnologicaldevelopmentandotherexpenses $ 3,605,893 $ 6,360,298
Excess revenue over expenses $ 3,126,100 $ 119,812
Balanceoffunds,beginningofyear $ 29,127,101 $ 28,935,277
TransferfromtheGeneralFund* $ -- $ 1 714,135
Unrealizedlossoninvestments $ (1,910,030) $ (1,642,123)
Balance of funds, end of year $ 30,343,171 $ 29,127,101
*Atransferof$1,714,135wasmadefromtheGeneralFundtoOtherFundsin2008.Notransfersweremadein2009.
**OtherFundsincludetheGrowthandDevelopmentFund,theBalduCœurFund,theHeartBeatfortheFutureFund(HBF)
andearmarkedfundsfromtheAnnualCampaignandtheHBFCampaign.
Copiesofthefinancialstatementsareavailablefrom:
MontrealHeartInstituteFoundation,5000Bélanger,Montreal(Quebec),H1T1C8.
ANNUALREPORT2008-200929
ÉTATSFINANCIERSFortheYearEndingMarch31st 2009 2008
COMBINEDFUNDS
Revenue
Donationsandactivities $ 12,746,805 $ 10,808,533
Investmentincome $ 1,281,348 $ 7,457,846
Total Revenue $ 14,028,153 $ 18,266,379
Expenses $ 1,661,928 $ 1,729,726
Excessrevenueoverexpensesbeforecontributions $ 12,366,325 $ 16,536,653
ContributionstoMHItechnologicaldevelopmentandotherexpenses $ 7,859,538 $ 10,000,590
Excess revenue over expenses $ 4,506,687 $ 6,536,063
Balanceoffunds,beginningofyear $ 84,550,814 $ 86,454,232
Unrealizedlossoninvestments $ (10,165,682) $ (8,439,481)
Balance of funds, end of year $ 78,891,819 $ 84,550,814
REDUCINGCOSTS
CONTRIBUTIONPOLICY
In 2008-2009, careful management enabled the
Foundation to streamlineadministrativeexpenses
toapproximately7.9%oftotalgrossrevenues.
TheFoundation’s2008-2009contributionstothe
Montreal Heart Institute totalled $8.3 million and
funded mostly research and specialized medical
equipment. Contributions are entered into the
bookswhentheyarepaidtotheInstitute
INVESTMENTUPDATE
Attheclosingofthisyear,theeconomywasinits
worst shape since the Great Depression. Despite
the global crisis shaking upmarkets significantly
and decreasing the return of our portfolios, we
managedtolimittherecession’simpact.
As recommended by our Investment Committee,
theFoundation amended its investmentpolicy in
May2008toensurethatallnewfundingfromits
capital campaign be invested in money market
securities. The greater accumulation of short-
term assets enables our investment managers
to increase fixed-income assets more rapidly, up
to 70%of consolidated funds as required by our
investment policy. Given that our policy limits
the accumulation of corporate bonds,more than
90% of our fixed-revenue assets are high-quality
governmentsecurities.
This cautious approach, combined with our
managers’investmentstrategy,hasyieldedareturn
on investment that exceeded the benchmark for
thepastyear.
30MONTREALHEARTINSTITUTEFOUNDATION
THEGIFTOFSELFSYLVAINBÉDARD:ATRANSPLANTRECIPIENTWITHAPASSIONFORLIFE
SylvainBédard’sname is synonymouswithmotivationandpassion for life,both inQuebecandabroad.He
becamethefirsthearttransplantrecipientevertomakeitpastthe6,000-metremarkonBolivia’sMountSajama
(2004)andthefirstCanadianhearttransplantrecipienttoreachtheChamonixsummitofMontBlanc(2003).
Theroadleadingtothehighestsummit–alife-threateningstruggleforhealth–beganover30yearsago.Born
withacongenitalheartdisease,SylvainBédardremembershisfirstvisittotheMontrealHeartInstitutein1980:
“Iwas ingoodhands. MydoctorwasDr.RaymondLamontagne,oneof the fewpaediatriccardiologists in
Montreal,andDr.PaulDavidhimselfconductedmyfirstelectrocardiogram.”
AsthethirdCanadiantoreceiveapacemaker-defibrillator,SylvainBédardhasseencardiologyevolveandfeelsthat
heoweshislifetotheresearchersandmedicalstaffoftheInstitute.Inturn,theybelievehefacilitatedtheirwork:
“Hiscourageanddeterminationallowedustopushtheboundariesofcardiovascularresearchandtreatments,”
saidDr.MichelPellerin,thecardiacsurgeonwhoperformedSylvainBédard’shearttransplantin2000.
Andwhodoeshecreditwithhelpinghimreachthehighestsummitofhislife?“Bygivingmeaheart,mydonor
wasgivingmealifeandthechancetoseemyfiveboysgrowup.Icouldhavewaitedathome,takingmy18
pillsaday.Instead,IdecidedtoshowpeoplehowluckyIamtohavemyhealth,myfamilybymyside,andthe
opportunitytofulfillmydreams.It’smywayofsayingthankyoutomydonorandtotheInstitute,”hesaid.
SincereturningfromMontBlanc,SylvainBédardhaschannelledhispassionforlivingintomotivationalspeaking
engagements,severalofwhichhelpedsupporttheFoundation.To
date, hehas sharedhis storywithover45,000people, including
thousandsofstudentsandentrepreneurs.
“ By giving me a heart, my donorwas giving me a l ife and the chance
to see my five boys grow up. “
Sylvain Bédard
Ph
oto
: Carl
os
Leto
nas
ANNUALREPORT2008-200931
THANKYOUTOALLOURSPONSORS!*
AéroportsdeMontréal
AirFrance
Assingo
AstralMediaOutdoor
AstralMediaRadio
Bristol-MyersSquibbCanadaInc.
CaissesDesjardins,régionEst
deMontréal
CanadianPacificRailway
CGI
CirqueduSoleil
CubanaAirlines
DaccordWebsterPaysage
Ernst&Young
ExposerviceStandardInc.
FieraCapitalinc.
FleuristeNotre-DamedeGrâceInc.
Great-WestLife-LondonLife–
CanadaLife
GroupeTVA
HotelLeBristol
HotelMélià
IdealBuses
InvestorsGroup
IpsosDescarie
Italvine
LaPresse
LaurentCayla,Photographer
Lemagazinel’Itinéraire
Lettraplus
lg2
LittorioDelSignore
Loto-Québec
McCallPhotography
Merlicom
MouvementDesjardins
NationalBankofCanada
OliverWyman
Picchiointernationalinc.
PowerCorporationofCanada
PowerFinancial
Pratt&WhitneyCanada
PricewaterhouseCoopersLLP
Publicis
Radio-Canada
RCNMedia
Sanofi-AvantisCanada
Saputoinc.
SBIAudiovisuel
RobertGuyScully
Sobeys
SociétédesalcoolsduQuébec
SociétédescasinosduQuébec
StudioSEXTAN
Tecsultinc.
Télé-Québec
Transcontinental
Ultramar
*We thank all our sponsors for their
generous support. Given the large
number of sponsors, we must
unfortunatelylimitourlistingtothose
who have provided sponsorships of
$750ormore.
32MONTREALHEARTINSTITUTEFOUNDATION
5000BélangerStreet
Montreal,QuebecH1T1C8
Tel.:514.593.2525
Tollfree:1.877.518.2525
Fax:514.376.5400
Charitablenumber–101837896RR0001
www.fondationicm.org/en/
ConceptDesign:MerlicomDisponibleenfrançais.