University of Guelph
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B+
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
85%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.
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OVERVIEW
About University of Guelph:
University of Guelph is a 4-star charity with an above-average results reporting grade. Like most universities, it is financially transparent. Excluding donor-endowed funds, its funding reserves can cover program costs for 4 months.
Founded in 1964, University of Guelph (U of G) is the product of the union of Ontario Veterinary College, Ontario Agricultural College, and Macdonald Institute. The University now consists of seven colleges that conduct teaching and research in physical and life sciences, business, arts, social sciences, and agricultural and physical sciences. The University has a regional campus in Ridgetown, Ontario, and offers diploma and degree programs at the University of Guelph-Humber, a joint venture with Humber College in Toronto.
In the 2020-2021 school year, University of Guelph had 29,507 students enrolled in undergraduate and graduate studies. There were over 1,750 international students from nearly 130 countries. U of G offers more than 80 undergraduate programs and more than 100 graduate and post-doctoral programs. In F2021, the University gave out $26.3m in scholarships and bursaries. Additionally, the University of Guelph has 191,000 alumni living in more than 150 countries.
University of Guelph’s Office of Research oversees a $163 million research program across its seven colleges, its regional campus at Ridgetown, 15 research stations, and the U of G Ministry of Agriculture, Food and Rural Affairs Agreement. In F2021, U of G had 10 Tier 1 and 15 Tier 2 Canada Research Chairs. There were also 25 Canada Research Chairs and 19 endowed and externally funded research chairs. University of Guelph is known as Canada’s Food University for its programs and research in agriculture.
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Results and Impact
University of Guelph reported a 91.9% employment rate within 6 months of graduation for 2020-2021. The University also reports that 90% of students entering in first year return for their second year at Guelph. University of Guelph had 7 Research Excellence Awardees and 13 Research Leadership Chairs in F2021.
While Ci highlights these key results, they may not be a complete representation of University of Guelph’s results.
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Finances
University of Guelph received total donations of $72.4m in F2021. The University also received $273.7m in government funding (32% of total revenues) and $368.1m in fees for services revenue (tuition, student fees, and other grants and contracts) which made up 43% of total revenues. Administrative costs are 3% of revenues (excluding investment income) and fundraising costs are 12% of donations. U of G spends 15% on overhead. This means for every dollar donated, 85 cents go towards the charity’s programs.
The University has $654.7m in funding reserves and $418.1m is donor-endowed. Excluding donor-endowed funds, U of G can cover four months of program costs with current reserves.
This charity report is an update that has been sent to University of Guelph for review. Changes and edits may be forthcoming.
Updated on July 4, 2022 by Emma Saganowich.
Financial Review
Fiscal year ending April
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 2.9% | 0.0% | 0.0% |
| Fundraising costs as % of donations | 12.4% | 0.0% | 0.0% |
| Total overhead spending | 15.2% | 0.0% | 0.0% |
| Program cost coverage (%) | 33.2% | 30.0% | 33.5% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 72,437 | 14,379 | 62,064 |
| Government funding | 273,723 | 274,753 | 280,097 |
| Fees for service | 368,136 | 408,822 | 407,667 |
| Business activities (net) | 74,873 | 98,190 | 101,584 |
| Investment income | 49,279 | (1,763) | 29,466 |
| Other income | 8,226 | 10,736 | 12,668 |
| Total revenues | 846,674 | 805,117 | 893,546 |
| Program costs | 734,049 | 772,003 | 759,319 |
| Administrative costs | 23,129 | 0 | 0 |
| Fundraising costs | 8,945 | 0 | 0 |
| Other costs | 9,997 | 10,543 | 11,079 |
| Total spending | 776,120 | 782,546 | 770,398 |
| Cash flow from operations | 70,554 | 22,571 | 123,148 |
| Capital spending | 71,216 | 74,960 | 88,533 |
| Funding reserves | 654,670 | 577,786 | 630,472 |
Note: Ci excluded amortization of deferred capital contributions, affecting revenues by ($21k) in F2021, ($21k) in F2020, and ($21k) in F2019. Ci adjusted for deferred contributions to report revenue on a cash basis. This affected revenues by $42k in F2021, ($14k) in F2020, and $25k in F2019. Ci used the charity’s T3010 report with the CRA to determine fundraising and administrative costs. There was no fundraising and administrative cost breakdown available for F2020 and F2019.
Salary Information
$350k + |
2 |
$300k - $350k |
1 |
$250k - $300k |
7 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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