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

Charitable Reg. #:11923 3823 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 3/5]


Audited financial statements available only upon request.



Grade based on the charity's public reporting of the work it does and the results it achieves.



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 95 cents are available for programs.

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About Fraser Institute :

Fraser Institute is a 3-star charity. It has an average results reporting score and low overhead costs but is not financially transparent.

Founded in 1974 in Vancouver, Fraser Institute (FI) is Canada’s leading public policy think tank. FI hopes to improve the quality of life for Canadians by studying, measuring, and broadly communicating the effects of government policies, entrepreneurship, and choice on their well-being. FI produces research about government actions in areas that deeply affect Canadians’ quality of life such as taxation, health care, aboriginal issues, education, economic freedom, energy, natural resources, and the environment. Fraser Institute also runs workshops to teach technical economic concepts to students, teachers, and journalists.  

In F2021, Fraser Institute published 92 peer-reviewed research studies and books. Its work was cited almost 850 times in academic and professional literature. Fraser institute also published 414 commentaries and blogs and created 89 infographics in F2021.

Fraser Institute held 48 education events in F2021. 8,302 students and teachers attended these events. FI produced four issues of Canadian Student Review, a digital magazine that covers a range of public policy issues. The magazine is written by students, for students. FI reports that Canadian Student Review influenced over 15,000 students in F2021. Fraser Institute hosted 30 webinars that influenced over 7,400 post-secondary students. It held 17 teacher workshop webinars for more than 550 Canadian teachers. FI also mailed over 300 Economic Edukits. Economic Edukits include lesson plans, handouts, and game materials for six activities that teach economic concepts.

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Results and Impact

Fraser Institute’s research was cited nearly 850 times in academic and professional literature in F2021. Its research generated over 35,000 mentions in media outlets in F2021. Fraser Institute reports that it had over 3m unique visitors to its website in F2021.

University of Pennsylvania's Global Go To Think Tank Index Report ranked FI 14th on its list of Top Think Tanks Worldwide out of over 11,000. In the same report, University of Pennsylvania ranked FI 20th for Best Quality Assurance and Integrity Policies and Procedures.

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Fraser Institute provided its audited financial statements but did not provide the audited financial statements for Fraser Institute Foundation. As a result, Ci could not consolidate the financials for Fraser Institute and Fraser Institute Foundation. However, Ci has included funding reserves of the Foundation as reported on its T3010. This affects program cost coverage (%) and funding reserves.

Fraser Institute received donations of $11.2m in F2021. This includes a $980k donation from Fraser Institute Foundation. Its fundraising and administrative costs were 5% of revenues. Therefore, for every dollar donated, 95 cents go to the cause, which is within Ci’s reasonable range. 

FI has total funding reserves of $36.4m. With these funding reserves, FI can cover 3 years and 11 months of program costs at the F2021 level.

This charity report is an update that has been sent to Fraser Institute for review. Changes and edits may be forthcoming.

Updated on June 27, 2022 by Emily Downing.

Financial Review

Financial Ratios

Fiscal year ending December
Fundraising & admin costs as % of revenues 5.3%4.7%4.7%
Total overhead spending 5.3%4.7%4.7%
Program cost coverage (%) 390.5%359.9%226.6%

Summary Financial Statements

All figures in $000s
Donations 11,17010,59712,898
Fees for service 211
Investment income 357227129
Other income 4742
Total revenues 11,53310,83113,070
Program costs 8,9498,41910,564
Grants 36253700
Fundraising & administrative costs 595503608
Total spending 9,9058,97411,873
Cash flow from operations 1,6291,8571,198
Capital spending 2115199
Funding reserves 36,36030,48625,522,145

Note: The charity does not disclose fundraising costs separately from administrative costs. Gain (loss) on foreign exchange was included in investment income, affecting revenues by ($3k) in F2021, ($34k) in F2020, and ($110k) in F2019. Ci adjusted for deferred contributions, affecting total revenue by $1.5m in F2021, $1.8m in F2020, and $1.1m in F2019.

Salary Information

Full-time staff: 40

Avg. compensation: $130,458

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.fraserinstitute.org
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Charitable Registration Number: 80340 7956 RR0001