University of Prince Edward Island

550 University Avenue
Charlottetown, PE C1A 4P3
President: Greg Keefe
Board Chair: Pat Sinnot

Charitable Reg. #:10816 2108 RR0001


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

[Charity Rating: 5/5]



Audited financial statements for current and previous years available on the charity’s website.



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) 80 cents are available for programs.

My anchor


About University of Prince Edward Island:

University of Prince Edward Island is a top-rated five-star charity with a high results reporting grade and overhead spending within Ci's reasonable range. The charity is financially transparent and has funding reserves that can cover less than a year of program costs.

Founded in 1969, University of Prince Edward Island (UPEI) is a public university in Charlottetown, Prince Edward Island. UPEI was created through the combination of Price Wales College and St. Dunstan’s University. The university has ten faculties that offer a variety of programs to both undergraduate and graduate students. It has 30 buildings and 376 student residence spaces which combine for a total of 1,308,828 square feet. UPEI’s main charitable programs are Education and Research, for which it does not provide a spending breakdown.

A Charity Intelligence 2023 Top 100 Rated Charity

In F2021, University of Prince Edward Island had 5,419 students enrolled, including 4,907 undergraduate students and 512 graduate students. The charity reports that it had 5,036 full-time students and 383 part-time students. UPEI had 1,591 international students. It reports that 49% of international students were from Asia, 28% from Africa, 18% from North America (excluding Canada), 3% from South America and 2% from Europe.

University of Prince Edward Island has nine research institutes and centres and is home to eight research chairs, including three Canada Research chairs, one Canada Excellence Research chair, and one UNESCO Chair.

My anchor

Results and Impact

In F2021, University of Prince Edward Island gave out 953 degrees, including 653 undergraduate degrees, 162 graduate degrees, and 138 professional degrees. The charity gave out 5,856 scholarships to 3,096 recipients during the year. It reports that the scholarships had a total value of $10.0m.

While Ci highlights these key results, they may not be a complete representation of University of Prince Edward Island’s results and impact.

This charity is not yet rated on impact (n/r).

My anchor


In F2021, University of Prince Edward Island received $6.8m in donations. The charity received $76.6m in government funding (42% of total revenue) and $50.8m in student fees (28% of total revenue) during the year. In F2021, UPEI earned $17.8m in investment income (10% of total revenue), representing a 15% annual return. Its average annual investment return from F2019 to F2021 is around 7%. The average annual investment return of the S&P 500 from 2019 to 2021 is around 24%.

Administrative costs are 5% of total revenues (excluding investment income). Fundraising costs are 15% of donations. This results in total overhead spending of 20%. For every dollar donated to the charity, 80 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

University of Prince Edward Island has $129.6m in net funding reserves ($155.7m in liquid assets less $26.1m in interest-bearing debts). The university’s liquid assets also include $42.7m in donor-endowed funds. UPEI’s net funding reserves, excluding donor-endowed funds, can cover program costs for around nine months.

­­This charity report is an update that has been sent to University of Prince Edward Island for review. Changes and edits may be forthcoming.

Updated on August 11th, 2022 by Arjun Kapur.

Financial Review

Financial Ratios

Fiscal year ending April
Administrative costs as % of revenues 5.3%6.9%6.7%
Fundraising costs as % of donations 14.8%25.9%16.5%
Total overhead spending 20.1%32.8%23.2%
Program cost coverage (%) 71.5%57.4%58.6%

Summary Financial Statements

All figures in $000s
Donations 6,7627,7637,148
Government funding 76,57476,34576,748
Fees for service 50,76448,66343,827
Investment income 17,794(2,718)6,467
Other income 28,84928,28229,962
Total revenues 180,743158,335164,153
Program costs 123,508122,097119,058
Administrative costs 8,56411,11410,541
Fundraising costs 1,0032,0131,179
Other costs 4,0034,8314,817
Total spending 137,078140,056135,596
Cash flow from operations 43,66518,27928,557
Capital spending 24,52711,14210,243
Funding reserves 129,561107,598102,632

Note: Ci includes contributions to the charity’s endowment fund in donations, affecting revenues by $4.3m in F2021, $5.3m in F2020, and $4.8m in F2019. Ci included deferred revenues and deferred capital contributions in revenues. This affects total revenue by $7.5m in F2021, $3.4m in F2020, and $5.2m in F2019. Deferred contributions are included in other revenue because the charity's audited financial statements do not separate government deferred contributions from private deferred contributions. Ci included deferred investment income in revenue, affecting total revenue by $7.2m in F2021, ($3.2m) in F2020, and $2.0m in F2019. Ci included change in fair value of derivatives in investment income, affecting both revenues and expenses by ($1.9m) in F2020. UPEI does not report administrative and fundraising costs on its audited financial statements. Ci took administrative and fundraising costs from the charity’s T3010 filings. 

Salary Information

Full-time staff: 635

Avg. compensation: $134,126

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 F2021

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 902-628-4353


Charity Intelligence researches Canadian charities for donors to be informed and give intelligently. Our website posts free reports on more than 800 Canadian charities, as well as in-depth primers on philanthropic sectors like Canada’s environment, cancer, and homelessness. Today over 500,000 Canadians use our website as a go-to source for information on Canadian charities reading over 1.6 million charity reports. Through rigorous and independent research, Charity Intelligence aims to assist Canada’s dynamic charitable sector in being more transparent, accountable and focused on results.


Be Informed. Give Intelligently. Have Impact


Charitable Registration Number: 80340 7956 RR0001