Wilfrid Laurier University
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
A-
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
87%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 cents are available for programs.
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OVERVIEW
About Wilfrid Laurier University:
Wilfrid Laurier University is a 5-star charity. WLU has an above-average results reporting grade and it is financially transparent. It has low funding reserves which result in a negative cost coverage ratio when donor-endowed funds are removed.
Founded in 1911, Wilfrid Laurier University’s (WLU) mission is to be “devoted to excellence in learning, research, scholarship and creativity.” The University provides undergraduate, graduate and professional education, with an emphasis on co-curricular development of the student. WLU’s main campus is in Waterloo, Ontario, with additional locations in Kitchener, Brantford, Milton, Toronto, Yellowknife, and Chongqing, China.
A Charity Intelligence 2023 Top 100 Rated Charity
During the Fall 2021 term, 22,454 students were registered. 20,094 students were undergraduate students and 2,360 were graduate students. WLU gave out 5,211 degrees in the Fall of 2021. The University has a student-faculty ratio of 25:1 and offers more than 100 programs. Laurier has the largest business degree co-op program in Canada.
Wilfrid Laurier received $17.8m in external funding in F2021 (18% increase from F2020). Its research program has 24 centers and institutes and 10 donor sponsored chairs, professors, and fellows. WLU also has 9 Canada Research Chairs.
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Results and Impact
Wilfrid Laurier states that 97.5% of 2019 graduates secured employment or undertook postgraduate studies after graduation. The University’s Business and Economics co-op in 2019/20 had a 99.5% employment rate.
A 2018 Ontario University Graduate Survey of Wilfrid Laurier states that after six months, 92.61% of graduates were employed. After two years, 92.38% of graduates were employed.
While Charity Intelligence highlights these key results, they may not be a complete representation of Wilfrid Laurier University’s results.
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Finances
Wilfrid Laurier University received $32.8m in donations (9% of revenues) and $197.7m in student fees (52% of revenues). The charity also received $120.2m in government grants (32% of revenues). Administrative costs are 3% of revenues and fundraising costs are 10% of donations. The charity spends 13% on overhead. This means for every dollar donated, 87 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
WLU has net funding reserves of $54.8m with total donor-endowed reserves of $105.7m, meaning non-donor-endowed reserves are negative, creating a negative cost coverage ratio. Excluding debt of $211.0m, the charity can cover annual program costs for nine months.
This charity report is an update that has been sent to Wilfrid Laurier University for review. Changes and edits may be forthcoming.
Updated on July 7, 2022 by Emma Saganowich.
Financial Review
Fiscal year ending April
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 3.3% | 3.8% | 3.3% |
Fundraising costs as % of donations | 10.0% | 32.5% | 11.0% |
Total overhead spending | 13.3% | 36.3% | 14.3% |
Program cost coverage (%) | (14.6%) | (16.9%) | (11.1%) |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 32,783 | 9,433 | 26,667 |
Government funding | 120,215 | 123,372 | 122,839 |
Fees for service | 197,687 | 208,752 | 207,709 |
Business activities (net) | 7,221 | 12,638 | 14,842 |
Investment income | 12,293 | 7,544 | 10,241 |
Other income | 10,067 | 12,981 | 16,864 |
Total revenues | 380,266 | 374,720 | 399,162 |
Program costs | 352,449 | 358,763 | 359,600 |
Grants | 0 | 8 | 0 |
Administrative costs | 11,998 | 13,873 | 12,693 |
Fundraising costs | 3,276 | 3,065 | 2,932 |
Total spending | 367,723 | 375,709 | 375,225 |
Cash flow from operations | 12,543 | (989) | 23,937 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 54,835 | 35,711 | 51,454 |
Note: Ci included donations to the charity’s endowment fund and amortization of deferred capital contributions. WLU does not report administrative and fundraising costs on its audited financial statements. Ci took administrative and fundraising costs from the charity’s T3010 filings. Ci has adjusted for deferred capital and operations contributions, affecting revenues by $4.7m in F2021, ($7.4m) in F2020, and $10.6m in F2019. Ci reported business activities net of expenses, reducing both revenues and expenses by $8.3m in F2021, $10.5m in F2020, and by $10.9m in F2019.
Salary Information
$350k + |
4 |
$300k - $350k |
6 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (519) 884-1970 ext. 3180
Email: alumni@wlu.ca
Tel: 519-884-1970