McGill University

845 Sherbrooke Street West
Montreal, QC H3A 0G4
Principal: Suzanne Fortier
Provost: Chris Manfredi

Website: www.mcgill.ca
Charitable Reg. #: 11912 8981 RR0001
Sector: Education - University
Operating Charity

Charity Rating

[Charity Rating: 4/4]

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 #5,781

Avg. Compensation $125,262

Top 10 Staff Salary Range

$350k + 4
$300k - $350k 3
$250k - $300k 2
$200k - $250k 1
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About McGill University:

McGill University was founded in 1821 after James McGill, a wealthy fur trader and merchant, donated a 46-acre estate to establish a college bearing his name. McGill College began holding classes in 1829 in the merchant’s former country house. McGill University has since developed into a public research university with 2 campuses, 11 faculties and 10 schools with over 300 programs of study. The university has five strategic priorities: student life and learning, research and innovation, community engagement, work culture, and transforming the virtual and physical campus.

McGill has an enrollment of 40,493 students as reported in the fall of 2016. This includes 27,475 undergraduate students, 9473 graduate students and 659 postdoctoral scholars, among others. The university reports that 52% of students are from Quebec, 21% of students are from the rest of Canada and 27% are international students. Maclean’s reports standout programs as being the innovation and entrepreneurship program, the liberal arts program, and artic field studies.

McGill reports that it has 1,677 tenured and tenure-stream faculty as well as 158 Canada Research Chairs. In 2014-2015 its research projects received $473.1m in external funding with 54.4% coming from the federal government. McGill has a sizeable patent estate with 651 patent applications currently in progress and 139 national and international patent applications being filed in F2016.

McGill University is Canada’s largest producer of Rhodes Scholars with 142 scholars.

Financial Review:

McGill University is one of Canada’s Major 100 charities with donations of $96.6m. McGill’s administrative costs are 20% of revenues and fundraising costs are 16% of donations. For every dollar donated, 64 cents goes towards its programs, falling outside of Ci’s reasonable range. Factoring in debt, McGill has total funding reserves of $676.7m with total donor-endowed reserves of $1.4bn. This can cover programs for just under one year.

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

Updated on July 27th, 2017 by Josh Lam.

Financial Ratios

Fiscal year ending April
201620152014
Administrative costs as % of revenues 20.2%19.8%20.6%
Fundraising costs as % of donations 15.7%11.9%13.3%
Program cost coverage (%) 84.4%183.3%72.8%

Summary Financial Statements

All figures in $000s
201620152014
Donations 96,607117,553110,732
Government funding 689,184678,814684,672
Fees for service 274,322258,489245,241
Business activities (net) 123,053121,667110,982
Investment income 45,29169,43953,718
Total revenues 1,228,4571,245,9621,205,345
Program costs 760,839704,278703,147
Grants 40,66845,77936,655
Administrative costs 238,767232,571237,347
Fundraising costs 15,18113,93914,767
Other costs 38,68329,91630,174
Cash flow from operations 134,319219,479183,255
Funding reserves 676,6591,374,669538,294
Note: Ci included donations for endowments in its revenues calculation. McGill does not report administrative and fundraising costs separately on its audited financial statements. Ci took administrative and fundraising costs from the charity’s T3010 filings. Ci reports sales of goods and services net of expenses, reducing both revenues and expenses by $17.2m in F2016, $17m in F2015 and $18.2m in F2014.

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