University of Victoria

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.