Memorial University of Newfoundland
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.
67%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 67 cents are available for programs.
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OVERVIEW
About Memorial University of Newfoundland:
Memorial University of Newfoundland is a 5-star rated charity. It has above average disclosure with an A grade for results reporting. Its overhead spending and funding reserves are within Ci’s reasonable range.
A Charity Intelligence 2025 Top 100 Rated Charity.
Founded in 1925, Memorial University of Newfoundland (MUN) is a public university based in St. John’s. MUN is the only university in Newfoundland and Labrador. The university has five campuses across the province: St. John’s, Signal Hill, Labrador, Grenfell, and the Marine Institute. It also has one campus in Harlow, United Kingdom. MUN runs two program areas: Academics and Research. In F2025, it spent $550.6m on these programs.
Academics accounted for $528.6m, or 96%, of program spending in F2025. MUN offers over 300 academic programs across its 14 faculties and schools. In Fall 2024, it had 17,634 students enrolled, including 13,301 undergraduate and 4,333 graduate students. In F2025, MUN conferred 4,124 degrees, diplomas and certificates, including 2,069 general degrees, 327 honours degrees, 1,320 Master's degrees and 103 doctorates. The university also offered 626 unique online courses.
Research accounted for $22.0m, or 4%, of program spending in F2025. MUN's researchers published 2,133 research articles during the year.
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Results and Impact
In April 2021, KPMG produced a report on MUN's economic impact based on 2020 data. The report states that the university adds approximately $627m to Newfoundland and Labrador's GDP each year. This includes $293m from its operations, $67m from capital expenditures, $210m from student spending and $55m from visitor spending. The university supports around 9,922 jobs throughout the province.
KPMG also calculated that approximately 66,600 MUN alumni live in Newfoundland and Labrador. This group earns an estimated $1.37 billion in additional income each year due to their MUN degree, which adds $2.06 billion to provincial GDP.
While Ci highlights these key results, they may not be a complete representation of Memorial University of Newfoundland’s results and impact.
This charity is not yet rated on impact (n/r),
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Finances
In F2025, Memorial University of Newfoundland had $763.2m in total revenues. Donations accounted for $18.3m or 2% of revenues. Government funding accounted for $426.0m or 56% of revenues. Tuition fees accounted for $135.1m or 18% of revenues. In F2025, MUN spent $550.6m or 72% of revenues on its programs. This includes $989k spent on its campus in the United Kingdom.
In F2025, administrative costs were $118.4m or 16% of revenues (less investment income). Fundraising costs were $3.0m or 16% of donations. For every dollar donated to the charity 67 cents are available to go to the cause. This is within Ci’s reasonable range.
As of F2025, MUN has $218.2m in cash and investments, of which $124.1m is donor endowed. Excluding donor-endowed funds, its reserves can cover 2 months of its annual program costs. This is within Ci’s reasonable range.
Updated on August 24, 2026 by Raihan Firosh. Comments and corrections may be forthcoming.
Financial Review
Fiscal year ending March
|
2025 | 2024 | 2023 |
|---|---|---|---|
| Administrative costs as % of revenues | 16.1% | 16.2% | 17.4% |
| Fundraising costs as % of donations | 16.5% | 16.4% | 18.8% |
| Total overhead spending | 32.6% | 32.6% | 36.2% |
| Program cost coverage (%) | 17.3% | 13.3% | 12.7% |
Summary Financial StatementsAll figures in $000s |
2025 | 2024 | 2023 |
|---|---|---|---|
| Donations | 18,328 | 18,738 | 15,311 |
| Government funding | 426,019 | 408,961 | 406,313 |
| Fees for service | 135,123 | 144,885 | 124,384 |
| Investment income | 29,737 | 36,875 | 12,077 |
| Other income | 153,972 | 143,406 | 123,476 |
| Total revenues | 802,477 | 771,598 | 701,674 |
| Program costs - International | 989 | 1,002 | 878 |
| Program costs - Canada | 549,618 | 551,920 | 502,218 |
| Administrative costs | 118,407 | 116,112 | 116,495 |
| Fundraising costs | 3,017 | 3,070 | 2,876 |
| Other costs | 6,674 | 6,326 | 6,221 |
| Total spending | 678,705 | 678,430 | 628,688 |
| Cash flow from operations | 123,772 | 93,168 | 72,986 |
| Capital spending | 87,793 | 29,798 | 21,836 |
| Funding reserves | 218,220 | 183,199 | 170,760 |
Note: 1. FROM T3010 DATA: MUN does not report donations, international program costs, administrative costs, or fundraising costs on its audited financial statements. This data was found on the charity's T3010 filing with the CRA. 2. DEFERRED CAPITAL CONTRIBUTIONS: Ci adjusted for changes in deferred capital contributions. This affected revenues by ($2.1m) in F2025, $5.9m in F2024, and ($17.3m) in F2023. These were included in other revenue because MUN's audited financial statements do not differentiate government deferred contributions from private deferred contributions.3. DEFERRED CONTRIBUTIONS: Ci adjusted for deferred contributions, affecting revenue by $29.5m in F2025, $14.0m in F2024, and $8.6m in F2023. These were included in other revenue because MUN's audited financial statements do not differentiate government deferred contributions from private deferred contributions. 4. INVESTMENT INCOME: Unrealized investment gain is included in investment income. This affects revenues by $3.8m in F2025, $18.4m in F2024, and ($1.4m) in F2023. 5. ENDOWMENT: Endowment contributions are included in donations, affecting revenue by $5.2m in F2025, $2.4m in F2024, and $2.2m in F2023. 6. EXTERNAL COST RECOVERY: External cost recovery was removed from expenses and included in other revenue to report on a cash basis.
Salary Information
$350k + |
3 |
$300k - $350k |
1 |
$250k - $300k |
6 |
$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 F2025
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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: 709-864-8000