Canadian Institute for Advanced Research

180 Dundas St W, Suite 1400
Toronto, ON M5G 1Z8
President & CEO: Alan Bernstein
Board Chair: Barbara Stymiest

Website: www.cifar.ca
Charitable Reg. #: 11921 9251 RR0001
Sector: Research & Public Policy
Operating Charity

Donor Accountability

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

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 #31

Avg. Compensation $123,820

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 1
$250k - $300k 0
$200k - $250k 1
$160k - $200k 1
$120k - $160k 2
$80k - $120k 5
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Canadian Institute for Advanced Research:

Founded in 1982, Canadian Institute for Advanced Research (CIFAR) funds global research programs that the charity claims to connect the world’s best minds, beyond borders and between disciplines, to shape new perspectives and spark ground-breaking ideas. CIFAR encourages innovation and creativity, allowing its research fellows to take intellectual risks. It then shares the knowledge that researchers have discovered with stakeholders who can put the discoveries into action. CIFAR’s research focuses on sustaining the earth, building strong societies, improving human health and transforming technology. Its 14 interdisciplinary research programs are supported by 349 researchers based in 115 institutions, in 17 countries. CIFAR has been associated with 18 Nobel Laureates since its inception.

Canadian Institute for Advanced Research engages external stakeholders through the Change Makers Series, its Ideas Exchange program, and by providing numerous research resources online. Its Change Makers Series brings together people from different backgrounds to share ideas on important issues facing society.  In F2015, CIFAR’s Ideas Exchange program hosted 20 knowledge outreach events, reaching over 1,350 individuals. It engaged knowledge users from industry, policy and non-profit sectors. Of the 68% of participants who came away with new ideas, CIFAR reports that 65% planned to put their new knowledge into practice.  

Canadian Institute for Advanced Research’s Global Academy develops research leaders by engaging and mentoring graduate students, postdoctoral fellows and assistant professors in Canada and around the world. It provides its future leaders with connections from within the CIFAR network, positioning them to lead the next generation.

Financial Review:

Canadian Institute for Advanced Research is a medium-sized charity, with $3.8m in donations in F2015. The majority of its revenues are generated through government funding, making up 56% of total revenues at $8.3m in F2015. Further, a large portion of its revenues is generated from partnerships, making up 16% of total revenues at $2.4m in F2015. These revenues are recorded in Other Revenue. The charity’s administrative costs are 7% of total revenues. Its fundraising costs are 39% of donations and have been very high since F2013. For every $1 donated to the charity, 54 cents is put towards its programs, falling outside of Ci’s reasonable range. The charity has funding reserves of $21.5m, which includes $474k in donor-endowed funds. This results in a program cost coverage ratio, excluding donor-endowed funds, of 164%, meaning that the charity can fund 1.6 years of its annual programs using its existing reserves.

This charity report is an update that is being reviewed by Canadian Institute for Advanced Research. Changes and edits may be forthcoming.

Updated on June 3, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending June
201520142013
Administrative costs as % of revenues 7.4%7.6%6.9%
Fundraising costs as % of donations 39.3%44.4%42.3%
Program cost coverage (%) 164.6%166.0%155.6%

Summary Financial Statements

All figures in $000s
201520142013
Donations 3,8093,0173,305
Government funding 8,3009,3509,650
Investment income 364601504
Other income 2,4012390
Total revenues 14,87413,20713,460
Program costs 13,06212,76713,772
Administrative costs 1,072956893
Fundraising costs 1,4961,3411,397
Cash flow from operations (756)(1,857)(2,603)
Funding reserves 21,50021,19721,426
Note: Ci has adjusted deferred donations, deferred government funding and deferred partnership funding affecting revenues by ($8k) in F2015, by $601k in F2014, and by $1.8m in F2013. Ci has adjusted amortization affecting expenses by ($141k) in F2015, by ($70k) in F2014, and by ($73k) in F2013.

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