Annual reports & financial statements
The Montreal Canadiens Children’s Foundation ensures that funds raised are used as efficiently as possible to support our projects, programs and community partners. Yearly, we reinvest or donate funds in the province of Quebec thanks to the generosity of Montreal Canadiens fans and supporters.
During the 2023-24 season, over 4.1 million dollars were invested in the community to get underprivileged kids skating, running, jumping, cycling, dancing and dreaming.
The charitable revenue generated by the Foundation comes largely through 50/50 sales during games, complemented by participation in various fundraising events and initiatives as well as contributions from a diverse representation of passionate community groups and corporate partners.
Breakdown of Annual Revenue
Excludes the total value of prizes awarded to 50/50 draw winners
Annual Operating Expenses
Excludes the total value of prizes awarded to 50/50 draw winners
Lottery Revenues & Expenses
A 50/50 draw is intended to give the winner a prize equal to 50% of the proceeds raised from the sale of all tickets for a given draw. Thus, 50% of the revenues generated by these fundraising efforts simply pass through the Foundation and cannot be considered as amounts to be allocated for the charitable purposes of the organization.
For a true representation of the amount the Foundation retains for its charitable activities, it is key to exclude the portion of the winners’ prizes from its revenues and operating expenses.
Lottery results — 2023-2024 season
Revenues | ||
| Ticket sales | $4 473 104 | |
| Winners' prizes | ($2 149 350) | |
| Revenues before expenses | $ 2 323 754 | |
Expenses | ||
| Gaming license & operating fees | $671 441 | |
| Net profit to the Foundation | $1 652 313 |
Financial statements
In order to act in a transparent manner towards its donors, its corporate partners and its beneficiaries, the Foundation puts at their disposal its financial statements published on June 30th, after every fiscal year-end.