University of Victoria

3800 Finnerty Rd
Victoria, BC V8P 5C2
Chancellor: Shelagh Rogers
President: Jamie Cassels

Website: www.uvic.ca
Charitable Reg. #: 10816 2470 RR0001
Sector: Education - University
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Social 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 ]

Program Cost Coverage

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #2,413

Avg. Compensation $95,097

Top 10 Staff Salary Range

$350k + 2
$300k - $350k 1
$250k - $300k 2
$200k - $250k 5
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About University of Victoria:

Founded in 1963, The University of Victoria's (UVic) mission is to "enrich its students and society by creating knowledge, fostering academic and experiential learning, and serving communities in British Columbia, in Canada and around the world." In 2016, Times Higher Education World University Rankings placed UVic in the top 250 universities around the world.

Over the 2015/2016 academic year, 21,593 students (including 3,446 graduate students) were enrolled at the University. As of 2016, UVic had 4,851 employees, which included 879 faculty members, 524 sessional instructors, 1,088 specialist and instructional staff, and 2,360 support staff. UVic highlights its focus on sustainability, healthy societies, social justice, jobs, a strong economy and Indigenous communities.

The number of undergraduate students enrolled at UVic increased from over 2,200 in F2014 to over 2,400 in F2015. A third of UVic's students participate in its co-operative education programs. In F2015, the number of placements was approximately 3,300, rising from 3,000 in F2014. UVic also reports that its student employment rate (of those in the labour force) 2 years after graduation is 93%, with an average annual income of $56,000. The University also reports that the impact of income resulting from higher education is $1.27 billion, and the impact of its research is $994 million.

The University of Victoria's research highlights include developing an inexpensive, non-invasive way to detect cancer in urine, and measuring more than 25 different disease biomarkers at once with one drop of dried blood.

Financial Review:

University of Victoria is a Major 100 charity, with $27.3m in donations in F2015. Government funding makes up 47% of revenues, at $259.3m in F2015. Its administrative costs are 14% of revenues and fundraising costs are 16% of donations. For every $1 donated to the charity, 71 cents is put towards its programs, falling within Ci's reasonable range. University of Victoria's funding reserves of $623.4m include $583.7m in donor-endowed funds. This results in a program cost coverage ratio, excluding donor-endowed funds, of 11% meaning that the University can cover 1.3 months of its annual programs with its existing reserves.

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

Updated on June 15, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending March
201520142013
Administrative costs as % of revenues 13.7%13.9%14.4%
Fundraising costs as % of donations 15.8%18.4%20.9%
Program cost coverage (%) 155.2%143.4%136.9%

Summary Financial Statements

All figures in $000s
201520142013
Donations 27,32424,06920,579
Government funding 259,342262,373264,107
Fees for service 141,600131,630121,207
Business activities (net) 49,24646,81545,059
Investment income 66,62432,82129,833
Other income 5,3745,8675,135
Total revenues 549,511503,575485,920
Program costs 401,809392,747380,336
Administrative costs 66,08565,58465,875
Fundraising costs 4,3254,4204,303
Other costs 2,5522,9932,143
Cash flow from operations 74,74037,83133,263
Funding reserves 623,443563,237520,484
Note: Ci has consolidated the financial statements of University of Victoria and University of Victoria Foundation. Ci has adjusted deferred capital contributions, cost of goods sold, endowment principal donations, and endowment net investment income and donations capitalized affecting revenues by ($39.4m) in F2015, by ($38.3m) in F2014, and by ($40.7m) in F2013. Ci has adjusted amortization of capital assets and cost of goods sold affecting expenses by ($64m) in F2015, by ($61.7m) in F2014, and by ($62.5m) in F2013.

Comments added by the Charity:

No comments have been added by charity
Go to top