Université de Montréal

2900, boul. Édouard-Montpetit
Montreal, QC H3T 1J4
Rector: Daniel Jutras
Secretary General: Alexandre Chabot

Charitable Reg. #:10816 0995 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 5/5]



Audited financial statements for current and previous years available on the charity’s website.



Grade based on the charity's public reporting of the work it does and the results it achieves.



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 83 cents are available for programs.

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About Université de Montréal:

Université de Montréal is a top-rated five-star charity and one of Canada's largest charities in terms of donations. As with most large universities, it has a high results reporting grade and is financially transparent. The charity has overhead spending within Ci's reasonable range.

Founded as the Université de Laval a Montréal in 1878, Université de Montréal is a public research university in Montreal, Québec. The university includes three schools: l’Université de Montréal, l'École Polytechnique, and HEC Montréal.  The charity has 13 faculties and schools that offer 600 programs to students. The university’s main charitable programs are Education, Research, and Renovations, for which it does not provide a spending breakdown.

A Charity Intelligence 2023 Top 100 Rated Charity

Université de Montréal reports that it had 69,172 students enrolled in fall 2021, including 45,517 students at Université de Montréal, 14,169 students at HEC Montréal, and 9,486 students at L’École Polytechnique. According to the charity, undergraduate students make up 73% of the student body and graduate students make up 27%. The university had 48,778 full-time students and 20,394 part-time students. Université de Montréal had 10,004 international students.

The charity has 465 research units and is home to 145 Canada Research Chairs, two Canada Excellence Research Chairs, and one Canada 150 Research Chair. Université de Montréal also has two university-hospital research centres. The university reports that its library has three million books and documents. The charity is planning to open its new Brossard campus on the South Shore of Montreal in fall 2022.

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Results and Impact

According to the Times Higher Education, Université de Montréal ranks 88th among the world’s best universities. The charity ranks 47th in the world on the Times Higher Education’s Global University Employability Ranking. In F2021, Université de Montréal reports that it gave out 21,054 degrees.

While Ci highlights these key results, they may not be a complete representation of Université de Montréal's results and impact.

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Université de Montréal is a Major 100 charity, one of Canada’s largest charities in terms of donations. In F2021, it received $80.3m in donations. The university received $824.7m in government funding (59% of total revenue) and $192.0m in student fees (14% of total revenue) during the year. Université de Montréal earned $88.9m in investment income, representing a 22% annual return. Its average annual investment return from F2019 to F2021 is around 6%. The average annual investment return of the S&P 500 from 2019 to 2021 is around 24%. The university’s portfolio is 15% composed of investments in hedge funds.

Administrative costs are 5% of total revenue excluding investment income. Fundraising costs are 12% of donations. This results in total overhead spending of 17%. For every dollar donated to the charity, 83 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

Université de Montréal has ($264.1m) in net funding reserves ($722.6m in liquid assets less $986.7m in interest-bearing debts) resulting in a negative program cost coverage. Its liquid assets also include $304.2m in donor-endowed funds. The university’s gross funding reserves, excluding donor-endowed funds, can cover program costs for around five months.

­­This charity report is an update that has been sent to Université de Montréal for review. Changes and edits may be forthcoming.

Updated on August 9th, 2022 by Arjun Kapur.

Financial Review

Financial Ratios

Fiscal year ending April
Administrative costs as % of revenues 5.0%5.4%5.1%
Fundraising costs as % of donations 12.2%11.6%10.8%
Total overhead spending 17.2%17.0%15.8%
Program cost coverage (%) (60.2%)(79.2%)(76.5%)

Summary Financial Statements

All figures in $000s
Donations 80,29183,27677,029
Government funding 824,723807,516775,826
Fees for service 192,036197,147194,469
Business activities (net) 22,76530,10232,765
Investment income 88,901(29,232)10,397
Other income 182,89773,662135,798
Total revenues 1,391,6131,162,4711,226,284
Program costs 960,015930,374914,361
Administrative costs 65,54464,06961,367
Fundraising costs 9,7879,6568,307
Other costs 28,14127,85227,558
Total spending 1,063,4871,031,9511,011,593
Cash flow from operations 328,126130,520214,691
Capital spending 96,141141,574195,498
Funding reserves (264,102)(478,200)(420,652)

Note: Ci adjusted for deferred contributions affecting revenues by $148.6m in F2021, $40.6m in F2020, and $104.2m in F2019. Deferred contributions are included in other revenue because the charity does not separate government deferred contributions from private deferred contributions in its audited financial statements. Ci included unrealized investment gain (loss), change in fair value of derivative instruments, deferred investment income, and endowment investment income in revenue. This affects total revenues by $74.0m in F2021, ($46.4m) in F2020, and ($6.0m) in F2019. Direct contributions to the endowment fund are included in donations, affecting revenues by $10.5m in F2021, $9.4m in F2020, and $8.1m in F2019. Gain on disposal of assets is not included in revenue, affecting revenues by ($27k) in F2021, ($35k) in F2020, and ($600k) in F2019. Loss on disposal of assets and loss on repurchase of capital lease obligation are not included in expenses, affecting total expenses by ($290k) in F2020 and ($5.1m) in F2019.

Salary Information

Full-time staff: 5,323

Avg. compensation: $111,620

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.umontreal.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

Tel: 514-343-6111


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Charitable Registration Number: 80340 7956 RR0001