York University

About York University:

Founded in 1959, York University (York) is Canada’s second largest research university. York’s mission is to pursue, preserve and spread knowledge. The university has 52,000 students, including 11,802 international students from 178 countries. With 11 faculties and 25 research centres, York has 7,000 faculty members and staff. Among these staff are 34 Canada Research Chairs, 26 active Fellows of the Royal Society of Canada and 28 distinguished research professors. York has 5 libraries with a seating capacity of 2,900 and over 3 million visits. Together they hold more than 2.6 million printed volumes, 266,000 e-books and more than 40,000 e-journals. The Times Higher Education ranks York University as one of the top 100 universities in social sciences, arts and humanities.

In F2015, York University spent $779.5m on its operations, including $691.1m on staff and faculty member salaries. It gave out $61m in scholarships and bursaries. In F2015, York handed out 11,795 degrees. 82% of graduates found jobs within 6 months of graduating. 15 York alumni were elected to Parliament in the 2015 elections, including the new Minister of Innovation, Science and Economic Development.  On the research side, the university published 1,215 papers and articles in F2015. 22 researchers earned Social Sciences and Humanities Research Council grants summing up to $10m. York researchers were also awarded 2 out of the 5 national Social Sciences and Humanities Research Council Impact Awards for research on refugees and homeless people. Innovation York, one of York’s research centres, spent $24.1m on 556 researchers to support technology and research commercialization.

Financial Review:

York University is one of Canada’s Major 100 charities with donations of $56.4m along with tuition of $528.7m and government funding of $371.7m. Administrative costs are 13% of total revenues and fundraising costs are 10% of total donations, as taken from the charity’s T3010 filings. Total overhead costs come to 24%, falling within Ci’s reasonable range. York has total funding reserves of $488.9m, including an endowment fund of $396.4m. Excluding donor-endowed funds, York’s funding reserves can cover program costs for 1 month.

York’s endowment fund per student comes to $8k per student. York’s high operating cash flow of $93.4m was used to buy capital goods worth $81m.

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

Updated on August 10th, 2016 by Mirza Ali Shakir.