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Wilfrid Laurier University

75 University Avenue West
Waterloo, ON N2L 3C5
President: Dr. Max Blouw
Board Chair: John Bowey

Website: www.wlu.ca
Charitable Reg. #: 10820 8786 RR0002

Sector: Education - University

Operating Charity

Charity Rating

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Results Reporting

Grade: B+

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]

Need for Funding

donor
endowed

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2013	2014	2015

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

Full-time staff #1,739

Avg. Compensation $95,972

Top 10 Staff Salary Range

$350k +	1
$300k - $350k	3
$250k - $300k	4
$200k - $250k	2
$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 Wilfrid Laurier University:

Founded in 1911, Wilfrid Laurier University’s (WLU) mission is to be “devoted to excellence in learning, research, scholarship and creativity.” The University provides undergraduate, graduate and professional education, with an emphasis on co-curricular development of the student. WLU’s main campus is in Waterloo, Ontario, with additional locations in Kitchener, Brantford, Toronto and Chongqing, China.

In F2015, Wilfrid Laurier University had 14,898 full-time undergraduate students, 1,978 part-time undergraduate students, 945 full-time graduate students, and 574 part-time graduate students. Also in F2015, WLU had 574 full-time faculty members, resulting in a student-to-faculty ratio of 32:1. In F2014, the University reported a graduation rate of 77%, and an employment rate within 6 months of graduation of 89%.

Wilfrid Laurier University has 23 research centres and institutes. Its strategic research plan outlines the University’s commitment to research on the environment, public policy, health, culture and society, and economics, markets and management. Further, WLU currently has 11 Laurier researchers who hold Canada Research Chairs, helping Canada compete internationally in various areas of study.

Financial Review:

Wilfrid Laurier University is a large charity, with donations of $5.1m in F2015. The University does not report its fundraising and administrative costs in its audited financial statements. This report uses the overhead costs reported in the University’s T3010 filing. In F2015, the University did not report its fundraising and administrative costs in its T3010 filing. In F2014, for every $1 donated to the charity, 54 cents is put towards fundraising costs, falling outside of Ci’s reasonable range. Wilfrid Laurier University has funding reserves of $10.1m due to $118.1m in banker's acceptance debt, $261k in mortgage payable and $109.7m in debentures. Its reserves include $78.9m in donor-endowed funds.

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

Updated on July 12, 2016 by Lynn Tay.

Financial Ratios Fiscal year ending April	2015	2014	2013
Administrative costs as % of revenues	0.0%	4.5%	4.3%
Fundraising costs as % of donations	0.0%	53.9%	76.2%
Program cost coverage (%)	3.7%	8.9%	(2%)

Summary Financial Statements All figures in $000s	2015	2014	2013
Donations	5,077	5,381	4,189
Government funding	115,186	118,994	115,312
Fees for service	162,201	158,013	148,734
Business activities (net)	13,966	15,174	26,563
Investment income	6,624	6,463	5,455
Other income	9,185	11,871	12,053
Total revenues	312,239	315,896	312,306
Program costs	251,200	220,292	213,281
Grants	20,829	19,012	17,579
Administrative costs	0	14,052	13,154
Fundraising costs	0	2,900	3,191
Other costs	9,127	8,178	7,106
Cash flow from operations	31,083	51,462	57,995
Funding reserves	10,057	21,356	(4,502)

Note: The charity has not reported its fundraising and administrative costs in its audited financial statements. Ci has used the charity’s T3010 filing for the fundraising and administrative costs in this report. Ci has updated amortization of deferred capital contributions, gain on sale of capital assets and cost of goods sold affecting revenues by ($17.6m) in F2015, by ($17.3m) in F2014, and by ($4.6m) in F2013. Ci has adjusted employee future benefits, amortization of capital assets and cost of goods sold affecting expenses by ($61m) in F2015, by ($61m) in F2014, and by ($59.7m) in F2013.

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