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.
79%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 79 cents are available for programs.
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OVERVIEW
About University of British Columbia:
The University of British Columbia is a top rated 5-star charity. As with most Universities, it has a high results reporting grade and is financially transparent. The charity has funding reserves that can cover less than four months of program costs.
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 2022, Times Higher Education ranked UBC as the 37th best university in the world. UBC’s two main programs are education and research.
In the 2021-2022 academic year, UBC had 70,757 total students (58,206 undergraduates and 12,551 graduates) across its two campuses. The Vancouver campus had 58,768 students (83% of total students) students and the Okanagan campus had 11,989 students (17% of total students). Out of these students, 19,413 were international students from over 160 different countries. UBC houses 19 faculties and two colleges. In 2021, UBC granted 15,726 degrees and had 235 companies created as spin-offs of UBC research.
Through its research program, UBC received $759.1 million in research funding in F2021. The money received funded a total of 10,116 projects with 1,424 of these projects in collaboration with industry partners. UBC’s research program has 199 Canada Research Chairs, 3 Canada Excellence Research Chairs, and 289 Royal Society of Canada fellows.
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Results and Impact
At the time of this report, UBC’s alumni base consists of 8 Nobel prize winners, 3 Canadian prime ministers, 22 3M national teaching fellows, 289 Royal Society of Canada fellows, and 74 Rhodes Scholars.
In a 2021 survey of graduates of the professional programs at UBC iSchool (an information tech school with an arts perspective), it was found that 95% of these graduates are currently employed and 92% are employed in a position related to their degree.
A survey of the UBC JD class of 2020 alumni stated that 96% of graduates have secured articling positions and 41% of these articles are with a firm with 50+ lawyers.
While Charity Intelligence highlights these key results, they may not be a complete representation of University of British Columbia’s results.
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Finances
The University of British Columbia received $183.1m in donations and $921.7m in tuition and student fees in F2021. The University also received $1.3b in government funding, making up 47% of F2021 revenues. Its administrative costs are 6% of revenues (excluding investment income) and fundraising costs are 15% of donations. UBC spends 21% on overhead. This means for every dollar donated, 79 cents go towards its programs. This is within Ci’s reasonable range for overhead spending.
UBC has funding reserves of $1.8b, of which, $1.0b are donor-endowed. Excluding donor-endowed funds, reserves can cover program costs for just under four months.
This charity report is an update that has been sent to University of British Columbia. Changes and edits may be forthcoming.
Updated on June 27, 2022, by Emma Saganowich.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 5.8% | 5.1% | 9.1% |
| Fundraising costs as % of donations | 15.3% | 12.6% | 18.4% |
| Total overhead spending | 21.1% | 17.7% | 27.4% |
| Program cost coverage (%) | 31.3% | 17.7% | 57.5% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 183,060 | 223,687 | 198,462 |
| Government funding | 1,338,977 | 1,236,653 | 1,147,750 |
| Fees for service | 921,683 | 891,104 | 814,904 |
| Business activities (net) | 268,611 | 414,759 | 407,600 |
| Investment income | 129,157 | 94,766 | 96,925 |
| Total revenues | 2,841,488 | 2,860,969 | 2,665,641 |
| Program costs | 2,232,560 | 2,232,821 | 1,919,592 |
| Grants | 155,004 | 144,068 | 127,872 |
| Administrative costs | 156,011 | 140,592 | 232,629 |
| Fundraising costs | 28,005 | 28,176 | 36,450 |
| Other costs | 20,843 | 20,596 | 20,781 |
| Total spending | 2,592,423 | 2,566,253 | 2,337,324 |
| Cash flow from operations | 249,065 | 294,716 | 328,317 |
| Capital spending | 380,239 | 403,380 | 363,938 |
| Funding reserves | 1,770,146 | 1,421,306 | 2,118,995 |
Note: Ci used the charity's 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 ($75k) in F2021, ($73k) in F2020, and ($179k) in F2019.
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 F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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Phone Number: (604) 822-2211