University of Calgary

About University of Calgary:

Founded in 1966, University of Calgary’s Eyes High strategy aims to help students thrive through research and hands-on experience. It also aims to become one of Canada’s top 5 research universities by 2016. To achieve these goals, the University has focused on improving research and student scholarship, enriching students’ learning experience and fully integrating the university with the community.

In F2015, University of Calgary had 24,631 undergraduate students and 5,909 graduate students enrolled in its 14 faculties. With 1,441 faculty members, this results in a student-to-faculty ratio of 21:1. In F2015, the University awarded more than 6,700 degrees and financially supported 3,420 students through donor-awards. Further, the University reported that it had a 72.8% undergraduate graduation rate in F2015.

University of Calgary’s research programs reported 161 research chairs and 124 new invention disclosures in F2015. In line with its Eyes High goal, the University was ranked as the 6^th top research university in Canada.

In a 2013 Economic Impact Report, the University of Calgary found that it contributes $7.92 billion annually to the Alberta economy. The report found that, in Alberta, the University’s bachelor’s degree graduates earn $14k to $50k more per year. The “education premium” earned annually by the University’s alumni in the Alberta workforce is estimated to be $3.02 billion. Further, it found that in 2009-2010, for every $1 spent by the University in the region, the Alberta economy realized $9.40.

Financial Review:

University of Calgary is a Major 100 charity, with $160.2m in donations in F2015. Government funding makes up 59% of revenues, at $741.6m in F2015. Its student tuition and fees makes up 17% of revenues, at $211.4m in F2015. University of Calgary’s administrative costs are 4% of revenues and its fundraising costs are 7% of donations. As the University does not explicitly report its administrative and fundraising costs in its audited financial statements, these expenditures were taken from the University’s T3010 filing. For every $1 donated to the charity, 89 cents is put towards its programs, falling within Ci’s reasonable range. University of Calgary’s funding reserves of $1.7b includes $791m in donor-endowed funds. This results in a program cost coverage ratio, excluding donor-endowed funds, of 90%. This means that it can cover 11 months of its annual programs using its existing reserves.

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

Updated on June 24, 2016 by Lynn Tay.