4th Floor, 1770 Burrard Street
Vancouver, BC V6J 3G7
President: Niels Veldhuis
Board Chair: Peter Brown

Charitable Reg. #:11923 3823 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

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Audited financial statements available only upon request.



Grade based on the charity's public reporting of the work it does and the results it achieves.



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 95 cents are available for programs.

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About Fraser Institute :

Founded in 1974 in Vancouver, Fraser Institute (FI) is Canada’s leading public policy think tank. FI hopes to improve the quality of life for Canadians by studying, measuring, and broadly communicating the effects of government policies, entrepreneurship, and choice on their well-being. FI produces research about government actions in areas that deeply affect Canadians’ quality of life such as taxation, health care, aboriginal issues, education, economic freedom, energy, natural resources, and the environment. Fraser Institute also runs workshops to teach technical economic concepts to students, teachers, and journalists.  

Most of Fraser Institute’s work involves research. In F2018, FI received $11.6m in revenue and spent $3.7m on its programs (the program costs value below includes rent and salary expenses allocated to program costs). In 2018, Fraser Institute produced and released 88 studies and its research was cited in over 1,000 pieces of academic literature. Moreover, in 2018, Fraser Institute’s work generated 19,000 news stories in mainstream media outlets, an average of over 50 stories a day, and published over 1,900 opinion columns in Canadian newspapers. Over 4.5 million unique people visited its website during 2018. As of 2018, Fraser Institute’s list of researchers has grown to include nearly 400 authors (including six Nobel laureates) from 22 countries. In 2013, FI began its Ontario Prosperity Initiative, which performs research and educates the population on the impact of government policies in Toronto.  As of 2018, this initiative has produced over 43 studies and 224 commentaries. 

The Centre for Education Programs and the Peter Munk Centre for Free Enterprise Education offered a wide range of programs that reached over 129,000 high school and university students, teachers, and journalists in 2018. Specifically, in 2018, Peter Munk Centre for education held 15 education programs including high school and post-secondary seminars, journalism programs, teacher workshops, and internships. Through these programs, the Peter Munk Centre influenced nearly 28,000 high school and university students, teachers, and journalists in 2018. The Peter Munk Centre also held three high school seminars. Over 700 students learned from award-winning economics educators how to apply an economic way of thinking. 

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Fraser Institute is a large charity. It received donations of $11.6m in F2018. Its fundraising and administrative costs were 5% of revenues. Therefore, for every dollar donated, 95 cents go to the cause, which is within Ci’s reasonable range. 

FI has total funding reserves of $9.3m, resulting in a program cost coverage ratio of 85%. This means that FI can cover just over 10 months of annual program costs using its reserves. 

This charity report is an update that has been sent to Fraser Institute for review. Changes and edits may be forthcoming.

Updated on July 2nd, 2019 by Parker Thomlinson.

Financial Review

Financial Ratios

Fiscal year ending December
Fundraising & admin costs as % of revenues 5.4%5.2%5.3%
Program cost coverage (%) 84.5%70.4%63.4%

Summary Financial Statements

All figures in $000s
Donations 11,56910,94610,679
Fees for service 135
Investment income 312233
Other income 444550
Total revenues 11,92511,01710,737
Program costs 10,2469,7309,514
Grants 730620600
Fundraising & administrative costs 621571570
Cash flow from operations 3289753
Funding reserves 9,2797,2876,409

Note: The charity does not disclose fundraising costs separately from administrative costs. Gain (loss) on foreign exchange was included in investment income, affecting revenues by $163k in F2018, ($59k) in F2017, and ($67k) in F2016.

Salary Information

Full-time staff: 46

Avg. Compensation: $117,953

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2017

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Charity Contact

Website: www.fraserinstitute.org
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