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Quebec · Registered charity

CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL

CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL (Quebec) receives grants from 14 organizations whose Canada Revenue Agency filings report C$101,265,104 to it, the largest being Fondation HEC Montréal (C$100,554,412). 11 of them have funded it in more than one year.

C$242M
Revenue FY2024
14
Funders on record
C$101M
Grants received
C$149M
Net assets
11/14 repeat funderspeak grant-dependency 11%

Against its field

CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL is better cushioned than half of the 220 teaching institutions nonprofits its size.

Operating margin−1% · bottom quartile
Months of reserve2.6mo · above the median
Revenue growth (annualized)6% · above the median

this organization peer median middle 50% of peers· 220 teaching institutions nonprofits over $100M, FY2024

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 (C$165M) Expenses 100 (C$160M) Net assets 100 (C$117M)2018 Revenue 108 (C$178M) Expenses 106 (C$170M) Net assets 114 (C$133M)2019 Revenue 111 (C$184M) Expenses 111 (C$177M) Net assets 120 (C$140M)2020 Revenue 116 (C$192M) Expenses 115 (C$183M) Net assets 104 (C$122M)2021 Revenue 119 (C$197M) Expenses 119 (C$190M) Net assets 116 (C$136M)2022 Revenue 129 (C$212M) Expenses 128 (C$204M) Net assets 123 (C$143M)2023 Revenue 134 (C$222M) Expenses 139 (C$222M) Net assets 125 (C$146M)2024 Revenue 146 (C$242M) Expenses 152 (C$243M) Net assets 127 (C$149M)
'17'18'19'20'21'22'23'24
Revenue (146)Expenses (152)Net assets (127)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 58% · 2018 54% · 2019 56% · 2020 55% · 2021 55% · 2022 55% · 2023 55% · 2024 54%. Grants only. Government contracts and fees sit inside program revenue.

13% of CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL’s revenue is contributions — more reliant on donations than three-quarters of its peers (0% for the typical peer).

This organization
Typical peer · 208 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.

C$5.5M
’17
C$8.5M
’18
C$6.8M
’19
C$9.0M
’20
C$6.2M
’21
C$8.2M
’22
−C$270k
’23
−C$1.7M
’24
2.6
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base narrowed from 8 funders to 4 funders, grant income rose C$12M → C$24M.

From the CRA filings of CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL’s funders (the co-funder graph). Top 13 of 14 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024 is still being filed and is shown unshaded; it does not move any figure on this page.

How concentrated its funding is

CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL leans on a few funders — its largest provides 99% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL.

99%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2017 97% · 2018 97% · 2019 100% · 2020 71% · 2021 100% · 2022 100% · 2023 100% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024 is still being filed and is shown unshaded; it does not move any figure on this page.

How long its funders stay

17% of CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL's funders are still giving 3 years after their first grant; 79% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

100% of CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL's grant income comes from Quebec funders.

In-province vs out-of-province, by year

’17
’18
’19
’20
’21
’22
’23
Quebec out of province

Funder regions come from each funder’s own filing. C$4k arriving through sponsors registered in 1 region is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024 is still being filed and is shown unshaded; it does not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 14 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Government revenue CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL reports

Federal, provincial and municipal funding on the organization’s own T3010 return.

FY2024C$130M
17
18
19
20
21
22
23
24
  • 54% of FY2024 revenue
  • As filed, not traced to an award

Organizations like CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL

Organizations whose mission and program text most resemble this one, by semantic similarity over every charity on the CRA register — the closest peers, and often the clearest route to shared or prospective funders.

In Quebec

Nationally

04Profile & governance

Read directly from this organization’s own T3010 return, as neutral context.

Where the money goes

91% of spending goes to programs.

Program 91%Management 8%Fundraising 1%

Governance

16
board members

Questions and answers

Who funds CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL?
CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL (Quebec) receives grants from 14 organizations whose Canada Revenue Agency filings report C$101,265,104 to it, the largest being Fondation HEC Montréal (C$100,554,412). 11 of them have funded it in more than one year.
How many funders does CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL have?
Canada Revenue Agency filings report 14 organizations giving C$101,265,104 in grants to CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL, 11 of which have funded it in more than one year.
Who is the largest funder of CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL?
Fondation HEC Montréal is the largest funder on record, with C$100,554,412 in grants. The full list of funders is on this page.
How can an organization like CORPORATION DE L'ECOLE DES HAUTES ETUDES COMMERCIALES DE MONTREAL find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Quebec.

These figures are read directly from the CRA's published T3010 data: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 14 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported September 23, 2026. What this page cannot tell you · View the T3010 on the CRA register