Fraser Institute

4th Floor, 1770 Burrard Street
Vancouver, BC V6J 3G7
President: Niels Veldhuis
Board Chair: Peter Brown

Charitable Reg. #: 11923 3823 RR0001
Sector: Research & Public Policy
Operating Charity

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 available only upon request [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #45

Avg. Compensation $122,533

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 2
$200k - $250k 1
$160k - $200k 1
$120k - $160k 6
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Fraser Institute :

Founded in 1974, Fraser Institute (FI) is Canada’s leading public policy think tank. FI measures, studies and in simple writing conveys the impact of competitive markets and government intervention on the lives of Canadians. Through its research reports, FI aims to show that free markets, individual choice and less government intervention in the economy result in greater prosperity. Fraser Institute also runs workshops to teach students, teachers and journalists technical economic concepts. In F2016, The University of Pennsylvania’s survey on think tanks ranked FI as the top think tank in Canada and the 19th best in the world.

In F2016, Fraser Institute spent $9.5m on its research and programs, where over 350 researchers, including 6 Nobel laureates, from 22 countries, published 85 research reports. The reports covered areas of taxes, education, school grades, budgets, economic freedom, health care, aboriginal issues, energy and the environment. Also in F2016, Fraser Institute created 75 infographics to simplify technical information that were viewed by 2.3 million people on Facebook alone, a 206% increase from the 758,167 viewers in F2015.

Fraser Institute’s most famous work includes reports on school report cards and rankings, Tax Freedom Day, wait-times for hospitals and Economic Freedom of the World index. These reports earned FI 29,041 news mentions in F2016. FI’s research was cited 412 times in academic publications in the same year.

Financial Review:

Fraser Institute is a big-cap charity. It received donations of $10.7m in F2016. Its fundraising and administrative costs were 5% of revenues. Therefore, for every dollar donated, 95 cents go towards Fraser Institute’s programs, falling just within Ci’s reasonable range. FI has total funding reserves of $6.4m, resulting in a program cost coverage ratio of 63%. This means that FI can only cover less than 8 months of program costs using its reserves, showing a need for funding.

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

Updated on June 8th, 2017 by Kevin Silberberg.

Financial Ratios

Fiscal year ending December
Fundraising & admin costs as % of revenues 5.3%5.0%4.7%
Program cost coverage (%) 63.4%72.4%48.6%

Summary Financial Statements

All figures in $000s
Donations 10,67910,59811,667
Fees for service 5517
Investment income 709089
Other income 504853
Total revenues 10,80410,74111,826
Program costs 9,5149,1418,420
Grants 6008502,671
Fundraising & administrative costs 570527551
Cash flow from operations 120222183
Funding reserves 6,4097,2305,392
Note: The charity does not disclose fundraising costs separately from administrative costs.

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