Alumni + Foundation > News > 2024 Annual Report: The Lasting Impact of Generosity

2024 Annual Report: The Lasting Impact of Generosity

April 30, 2025

Donors were very committed and enthusiastic in their support of HEC Montréal in 2024. As a result, the HEC Montréal Foundation exceeded its fundraising target, with a total of $15.7 million in donations and pledges received during the year.

But the real impact that our community of donors had in 2024 goes beyond dollars and cents: they transformed lives and careers, and they supported bold ideas and leading-edge research across the management field, thereby doing their part to move society forward. This commitment is vital to empowering HEC Montréal to deliver on its mission and meet the needs of a rapidly changing world.

The HEC Montréal Foundation is grateful to all the individuals, businesses and foundations who helped fuel this vision in 2024. We will be guided by this momentum and the lasting impact of their generosity to carry us forward into the future.

Highlights

$15.7 million in pledges and donations were received in 2024:

o $9 million+ will be directed toward research and teaching programs focusing on urgent and fundamental social challenges, including sustainable finance, AI ethics, business leadership and more. [SS1]

o $3 million+ will be used for scholarships and bursaries to be awarded to hundreds of up-and-coming business professionals.

· 26 donors were welcomed into the Foundation’s donor recognition clubs.

· An important chapter in the history of HEC Montréal came to an end, as the “Powering the Heart of Business” capital campaign wrapped up, after successfully rallying the support needed to construct the Hélène Desmarais Building in the heart of Montreal’s central business district.