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

[Charity Rating: 4/4]

Donor Accountability

Grade: B

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

Financial Transparency

Most recent audited financial statements 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 F2015, CD Howe Institute spent $3.9m on its research and publications. CDHI organized 73 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 191 interviews, wrote 90 op-eds in newspapers and gave 39 policy outreach presentations in F2015. University of British Columbia Professor Kevin Milligan received the prestigious Purvis Prize for his paper, Tax Policy for a New Era. 

CD Howe Institute’s research was cited 8,233 times in the media in F2015, a 62% increase over F2014. Its website received 413,305 views, a 23% rise from F2014.

Financial Review:

CD Howe Institute is a Mid-Cap charity with donations and special events revenues of $4.8m in F2015. Total overhead costs come to 16%, falling within Ci’s reasonable range. CDHI has total funding reserves of $8.5m that can cover program costs for 2.2 years. Excluding donor-endowed funds of $5.3m, funding reserves can cover program costs for 10 months.

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

Updated on August 22nd, 2016 by Mirza Shakir.

Financial Ratios

Fiscal year ending December 		201520142013
Fundraising & admin costs as % of revenues 16.0%15.1%16.5%
Program cost coverage (%) 215.8%243.8%262.6%

Summary Financial Statements

All figures in $s 		201520142013
Donations 3,835,3483,632,4133,397,582
Fees for service 59,95517,739631,831
Special events 991,513742,8130
Investment income 24,31941,4208,641
Total revenues 4,911,1354,434,3854,038,054
Program costs 3,947,8293,506,0203,067,582
Fundraising & administrative costs 781,103665,111665,780
Cash flow from operations 182,203263,254304,692
Funding reserves 8,518,3528,547,0418,055,281
Note: The charity does not disclose fundraising costs and administrative costs. Ci took administrative and fundraising costs from the charity’s T3010 filings. Ci removed amortization from program costs. Ci excluded loss on sale of capital assets from the income statement.  

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