McMaster University

1280 Main Street West
Hamilton, ON L8S 4L8
President: Dr. Patrick Deane
Board Chair: David Lazzarato

Charitable Reg. #: 11903 5988 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

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2013 2014 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #4,099

Avg. Compensation $95,236

Top 10 Staff Salary Range

$350k + 10
$300k - $350k 0
$250k - $300k 0
$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 F2016

About McMaster University:

McMaster University is located in Hamilton, Ontario. It bears the name of William McMaster, a prominent Canadian Senator and banker whose substantial bequeathed funds helped to found the university. The university operates six academic faculties: Science, Health Sciences, Engineering, Humanities, Social Sciences, and Business. The main campus is located on 300 acres of land in the residential neighbourhood of Westdale, adjacent to Hamilton's Royal Botanical Gardens.

In F2016, the University had 24,473 full-time undergraduate students and 3,514 full-time graduate students. International students represented 6.5% of the undergraduate student body, and 21.1% of the graduate student body. The university has 955 full-time faculty members, producing a student-to-faculty ratio of 26:1.

McMaster was the 2nd highest ranked university in Ontario and 6th highest ranked university in Canada in the Times Higher Education 2016-2017 World University Rankings. McMaster is well known for its research community, which boasts 69 Canada Research Chairs. Over the last 5 years researchers at McMaster have produced over 27,000 academic publications, were cited over 620,000 times and filed 125 patent applications.

McMaster has taken recent initiatives to advance learning experiences and work-integrated learning. It has launched three new co-op programs in the School of Geography and Earth Sciences in F2016. It will also open the Gerald Hatch Centre for Engineering Experiential Learning in the fall of 2017, providing a hub for undergraduate engineering students to participate in experiential learning.

Financial Review:

McMaster had total donations of $74.9m in F2016. McMaster reports no cost allocations for fundraising expenses on its audited financial statements. From its T3010 CRA filings, reported administrative costs are 2% of revenues and fundraising costs are 7% of donations. For every dollar donated, 91 cents goes towards its programs, falling within Ci’s reasonable range. Its funding reserves are $994m of which $413m are donor-endowed. Its non donor-endowed program cost coverage stands at 74%, 9 months of program costs.

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

Updated on June 29, 2017 by Josh Lam.

Financial Ratios

Fiscal year ending April
Administrative costs as % of revenues 2.2%3.4%2.2%
Fundraising costs as % of donations 6.8%5.3%6.5%
Program cost coverage (%) 123.6%108.4%97.8%

Summary Financial Statements

All figures in $000s
Donations 74,85698,90273,783
Government funding 406,414391,832417,027
Fees for service 350,320314,161297,482
Investment income 13,17263,24346,635
Other income 70,30767,16168,123
Total revenues 915,069935,299903,050
Program costs 804,379816,080782,217
Administrative costs 19,97129,99019,176
Fundraising costs 5,1085,1884,784
Other costs 9,8518,5758,620
Cash flow from operations 75,76075,46688,253
Funding reserves 994,242884,872764,635
Note: Administrative and fundraising costs were obtained from McMaster's T3010 CRA filing and were deducted from program costs. Ci made an adjustment for amortization of deferred capital contributions, reducing revenues by $39m in F2016, $38m in F2015 and by $38m in F2014.

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