CD Howe Institute

67 Yonge Street, Suite 300
Toronto, ON M5E 1J8
President & CEO: William Robson
Board Chair: Hugh MacKinnon

Website: www.cdhowe.org
Charitable Reg. #: 11884 1626 RR0001
Sector: Research & Public Policy
Operating Charity

Charity Rating

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Donor Accountability

Grade: A-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #32

Avg. Compensation $102,374

Top 10 Staff Salary Range

$350k + 2
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 5
$80k - $120k 2
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About CD Howe Institute:

Founded in 1958, CD Howe Institute (CDHI) is an independent research institute and public policy think tank. CDHI addresses 4 key policy challenges: stronger economic growth, financial stability, better opportunities for individuals and more effective economic and social policy institutions.  CDHI has more than 300 trusted experts, academics and researchers, who produce over 50 high-quality research reports every year.

In F2016, CD Howe Institute spent $5.2m on its research, publications, and administration. CDHI organized 82 policy events across Montreal, Ottawa, Toronto and Calgary, and produced 66 research and council reports. The reports covered a variety of topics including Fiscal and Tax Policy, Monetary Policy, International Economic Policy, Economic Growth and Innovation, and Social Policy. Experts of the institute appeared in 141 interviews and gave 46 policy outreach presentations in F2016.

CD Howe Institute’s research was cited 8,569 times in the media in F2016, a 4% increase over F2015. Its website received 584,037 views, a 41% rise from F2015.

Financial Review:

CD Howe Institute is a big-cap charity with donations and special events revenues of $5.4m in F2016. The charity did not separate administrative and fundraising costs from its program costs. As a result, Charity Intelligence included all costs into program costs. This means that CD Howe's reported overhead costs fall outside of Ci's reasonable range due to non-disclosure. CD Howe Institute has $9.6m in total funding reserves, of which $5.8m is donor-endowed, resulting in a program cost coverage ratio, excluding donor-endowed funds, of 79%. This means that the charity can cover just over 9 months of its annual program costs using its existing reserves.

This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.

Updated on June 23, 2017 by Kevin Silberberg.

Financial Ratios

Fiscal year ending December 		201620152014
Fundraising & admin costs as % of revenues 0.0%16.0%15.1%
Program cost coverage (%) 186.5%215.8%243.8%

Summary Financial Statements

All figures in $000s 		201620152014
Donations 4,4143,8353,632
Fees for service 186018
Special events 1,076992743
Investment income 222441
Total revenues 5,5304,9114,434
Program costs 5,1533,9483,506
Fundraising & administrative costs 0781665
Cash flow from operations 377182263
Funding reserves 9,6088,5188,547
Note: The charity does not disclose fundraising costs and administrative costs. Ci took F2015 and F2014 administrative and fundraising costs from the charity’s T3010 filings.

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