University of British Columbia
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.
71%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 71 cents are available for programs.
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Programs
About University of British Columbia:
Founded in 1908, The University of British Columbia (UBC) is a global institution focused on teaching, learning, and research. UBC’s vision is to inspire people, ideas, and actions to create a better world. UBC has a reputation for excellence in research and learning in a range of fields, including arts, sciences, medicine, law, and business. In 2019, Times Higher Education ranked UBC as the 37th best university in the world. UBC’s two main programs are education and research.
In the 2018-2019 academic year, UBC had 64,798 total students (53,872 undergraduates and 10,926 graduates) across its two campuses. The Vancouver campus had 54,863 (85% of total students) students and the Okanagan campus had 9,935 (15% of total students) students. Out of these students, 17,225 were international students from one of over 160 different countries. UBC houses 16 faculties, 18 schools, and two colleges. In 2018, UBC granted 13,778 degrees and had 214 companies created as spin-offs of UBC research. UBC reports that 94% of undergraduate students were satisfied with their overall academic experiences both at the Vancouver and Okanagan campuses.
Through its research program, UBC received $669 million in research funding in F2019, an $11 million increase from F2018. The money received funded a total of 9,544 projects. UBC also supported 38 research clusters (interdisciplinary networks of researchers focused on solving societal challenges within its department, institution and funding agency) across its two campuses. UBC reports that its publications are cited 89% more than the global average and that 57% of UBC research publications involve international partnerships.
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Results and Impact
Ci chose to highlight the following outcomes.
At the time of this report, UBC’s alumni base consists of 8 Nobel prize winners, 3 Canadian prime ministers, 20 3M national teaching fellows, 266 Royal Society of Canada fellows, and 71 Rhodes Scholars.
In F2019, a team of researchers, led by a UBC chemistry professor, identified a group of enzymes that can turn any type of blood into the universally useable type O.
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Finances
The University of British Columbia is a Major 100 charity, with $207.8m of donations in F2018. The University also receives $1.1b in government funding, making up 43% of F2018 revenues. Its administrative costs are 10% of revenues (excluding investment income) and fundraising costs are 19% of donations. For every dollar donated to the charity, 71 cents go to its programs. This is within Ci’s reasonable range for overhead spending. University of British Columbia has funding reserves of $1.7b, of which, $942m are donor-endowed. Excluding donor-endowed funds, reserves can cover program costs for five months.
This charity report is an update that has been sent to University of British Columbia. Changes and edits may be forthcoming.
Updated on August 7, 2019 by Stefan Tetzlaff.
Financial Review
Fiscal year ending March
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.8% | 9.1% | 7.2% |
| Fundraising costs as % of donations | 19.4% | 16.7% | 14.4% |
| Total overhead spending | 29.1% | 25.8% | 21.5% |
| Program cost coverage (%) | 42.6% | 28.4% | 6.2% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 207,809 | 197,916 | 205,974 |
| Government funding | 1,077,096 | 1,058,952 | 1,043,818 |
| Fees for service | 725,040 | 629,869 | 560,490 |
| Business activities (net) | 413,554 | 384,263 | 337,969 |
| Investment income | 81,825 | 69,280 | 81,954 |
| Total revenues | 2,505,324 | 2,340,280 | 2,230,205 |
| Program costs | 1,763,749 | 1,686,744 | 1,670,262 |
| Grants | 135,691 | 125,942 | 121,297 |
| Administrative costs | 237,172 | 206,471 | 153,838 |
| Fundraising costs | 40,237 | 33,140 | 29,586 |
| Other costs | 20,854 | 20,980 | 20,707 |
| Total spending | 2,197,703 | 2,073,277 | 1,995,690 |
| Cash flow from operations | 307,621 | 267,003 | 234,515 |
| Capital spending | 324,366 | 334,000 | 371,385 |
| Funding reserves | 1,732,054 | 1,418,525 | 994,036 |
Note: Ci used the charities T3010 filing to allocate admin and fundraising expenses, removing the difference between admin expenses reported on the Income Statement and the T3010 from program costs. Program costs were affected by ($193k) in F2018, ($165k) in F2017, and (116k) in F2016.
Salary Information
$350k + |
10 |
$300k - $350k |
0 |
$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 F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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