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]

Results Reporting

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

Cents to the Cause

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2014	2015	2016

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

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, 9,473 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 (85%), showing a need for donations.

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	2016	2015	2014
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	2016	2015	2014
Donations	96,607	117,553	110,732
Government funding	689,184	678,814	684,672
Fees for service	274,322	258,489	245,241
Business activities (net)	123,053	121,667	110,982
Investment income	45,291	69,439	53,718
Total revenues	1,228,457	1,245,962	1,205,345
Program costs	760,839	704,278	703,147
Grants	40,668	45,779	36,655
Administrative costs	238,767	232,571	237,347
Fundraising costs	15,181	13,939	14,767
Other costs	38,683	29,916	30,174
Cash flow from operations	134,319	219,479	183,255
Funding reserves	676,659	1,374,669	538,294

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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