Université de Montréal
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.
83%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 83 cents are available for programs.
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OVERVIEW
About Université de Montréal:
Université de Montréal is a top-rated five-star charity and one of Canada's largest charities in terms of donations. As with most large universities, it has a high results reporting grade and is financially transparent. The charity has overhead spending within Ci's reasonable range.
Founded as the Université de Laval a Montréal in 1878, Université de Montréal is a public research university in Montreal, Québec. The university includes three schools: l’Université de Montréal, l'École Polytechnique, and HEC Montréal. The charity has 13 faculties and schools that offer 600 programs to students. The university’s main charitable programs are Education, Research, and Renovations, for which it does not provide a spending breakdown.
Université de Montréal reports that it had 69,172 students enrolled in fall 2021, including 45,517 students at Université de Montréal, 14,169 students at HEC Montréal, and 9,486 students at L’École Polytechnique. According to the charity, undergraduate students make up 73% of the student body and graduate students make up 27%. The university had 48,778 full-time students and 20,394 part-time students. Université de Montréal had 10,004 international students.
The charity has 465 research units and is home to 145 Canada Research Chairs, two Canada Excellence Research Chairs, and one Canada 150 Research Chair. Université de Montréal also has two university-hospital research centres. The university reports that its library has three million books and documents. The charity is planning to open its new Brossard campus on the South Shore of Montreal in fall 2022.
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Results and Impact
According to the Times Higher Education, Université de Montréal ranks 88th among the world’s best universities. The charity ranks 47th in the world on the Times Higher Education’s Global University Employability Ranking. In F2021, Université de Montréal reports that it gave out 21,054 degrees.
While Ci highlights these key results, they may not be a complete representation of Université de Montréal's results and impact.
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Finances
Université de Montréal is a Major 100 charity, one of Canada’s largest charities in terms of donations. In F2021, it received $80.3m in donations. The university received $824.7m in government funding (59% of total revenue) and $192.0m in student fees (14% of total revenue) during the year. Université de Montréal earned $88.9m in investment income, representing a 22% annual return. Its average annual investment return from F2019 to F2021 is around 6%. The average annual investment return of the S&P 500 from 2019 to 2021 is around 24%. The university’s portfolio is 15% composed of investments in hedge funds.
Administrative costs are 5% of total revenue excluding investment income. Fundraising costs are 12% of donations. This results in total overhead spending of 17%. For every dollar donated to the charity, 83 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Université de Montréal has ($264.1m) in net funding reserves ($722.6m in liquid assets less $986.7m in interest-bearing debts) resulting in a negative program cost coverage. Its liquid assets also include $304.2m in donor-endowed funds. The university’s gross funding reserves, excluding donor-endowed funds, can cover program costs for around five months.
This charity report is an update that has been sent to Université de Montréal for review. Changes and edits may be forthcoming.
Updated on August 9th, 2022 by Arjun Kapur.
Financial Review
Fiscal year ending April
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 5.0% | 5.4% | 5.1% |
| Fundraising costs as % of donations | 12.2% | 11.6% | 10.8% |
| Total overhead spending | 17.2% | 17.0% | 15.8% |
| Program cost coverage (%) | (60.2%) | (79.2%) | (76.5%) |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 80,291 | 83,276 | 77,029 |
| Government funding | 824,723 | 807,516 | 775,826 |
| Fees for service | 192,036 | 197,147 | 194,469 |
| Business activities (net) | 22,765 | 30,102 | 32,765 |
| Investment income | 88,901 | (29,232) | 10,397 |
| Other income | 182,897 | 73,662 | 135,798 |
| Total revenues | 1,391,613 | 1,162,471 | 1,226,284 |
| Program costs | 960,015 | 930,374 | 914,361 |
| Administrative costs | 65,544 | 64,069 | 61,367 |
| Fundraising costs | 9,787 | 9,656 | 8,307 |
| Other costs | 28,141 | 27,852 | 27,558 |
| Total spending | 1,063,487 | 1,031,951 | 1,011,593 |
| Cash flow from operations | 328,126 | 130,520 | 214,691 |
| Capital spending | 96,141 | 141,574 | 195,498 |
| Funding reserves | (264,102) | (478,200) | (420,652) |
Note: Ci adjusted for deferred contributions affecting revenues by $148.6m in F2021, $40.6m in F2020, and $104.2m in F2019. Deferred contributions are included in other revenue because the charity does not separate government deferred contributions from private deferred contributions in its audited financial statements. Ci included unrealized investment gain (loss), change in fair value of derivative instruments, deferred investment income, and endowment investment income in revenue. This affects total revenues by $74.0m in F2021, ($46.4m) in F2020, and ($6.0m) in F2019. Direct contributions to the endowment fund are included in donations, affecting revenues by $10.5m in F2021, $9.4m in F2020, and $8.1m in F2019. Gain on disposal of assets is not included in revenue, affecting revenues by ($27k) in F2021, ($35k) in F2020, and ($600k) in F2019. Loss on disposal of assets and loss on repurchase of capital lease obligation are not included in expenses, affecting total expenses by ($290k) in F2020 and ($5.1m) in F2019.
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 F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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Tel: 514-343-6111