845 Sherbrooke Street West
Montreal, QC H3A 0G4
Principal: Deep Saini
Board Chair: Maryse Bertrand

Charitable Reg. #:11912 8981 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) 73 cents are available for programs.

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About McGill University:

McGill University is a top-rated five-star charity and one of Canada's largest charities. As with most large universities, it has a high results reporting grade and is financially transparent. The university's gross funding reserves can cover program costs for around 6 months.

Founded in 1821, McGill University (McGill) is a public university in Montreal. McGill has three campuses: a downtown Montreal campus, a Macdonald campus, and the Gault Nature Reserve for wildlife research. McGill has more than 80 departments. It offers over 300 undergraduate and 400 graduate programs of study. McGill’s main programs are education and research, for which it does not provide a spending breakdown.

A Charity Intelligence 2023 Top 100 Rated Charity

In fall 2022, McGill University had 39,513 enrolled students. This included 27,085 undergraduate students and 10,344 graduate and PhD students. It hosted 1,432 residents and fellows and 647 postdoctoral scholars. McGill reports that around 47% of its students are from Quebec, 23% are from the rest of Canada, and 30% are from outside Canada. In 2021, McGill awarded 5,960 undergraduate degrees, 1,247 master’s degrees and 517 doctoral degrees.

In fall 2022, McGill reported to have 1,778 tenured and tenure-stream faculty members. As of F2022, McGill is home to 182 Canada Research Chairs. The university has 234 active fellows of the Royal Society of Canada. In 2021 McGill researchers authored 10,464 published papers.

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Results and Impact

According to the 2023 Maclean’s University Rankings, McGill University is the top medical-doctoral university in Canada. McGill has retained this ranking for 18 consecutive years. In 2023, McGill also ranked 31st in the QS World University Rankings and 46th in the Times Higher Education World University Rankings.

McGill reports that as of 2021, there have been 1,325 policy documents citing McGill authored publications. Between 2020 and 2021 it conducted 84 clinical trials. In the same period, it signed 24 new clinical trial agreements. In 2021 McGill researchers received 16 new patents.

While Ci highlights these key results, they may not be a complete representation of McGill University’s results and impact. This charity is not yet rated on impact (n/r).

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McGill University is a Major 100 charity, one of Canada’s largest charities in terms of donations. It received cash donations of $176.9m in F2022, plus $11.9m in international donations. During the year, McGill also received $943.7m in government funding (56% of revenues) and $415.7m in tuition and contract fees (24% of revenues).

Administrative costs are 18% of revenues (less investment income) and fundraising costs are 10% of donations. This results in total overhead spending of 27%. For every dollar donated to the charity, 73 cents go to the cause.

McGill has $875.4m in net funding reserves ($2.2 billion in liquid assets less $1.4 billion in interest-bearing debts). Its liquid assets also include $1.7 billion in donor-endowed funds, resulting in a negative net program cost coverage ratio. McGill’s gross funding reserves, excluding donor-endowed funds, can cover 50% or around 6 months annual program costs.

Charity Intelligence has sent this update to McGill University for review. Changes and edits may be forthcoming.

Updated on May 30, 2023 by Alessandra Castino.

Financial Review

Financial Ratios

Fiscal year ending April
Administrative costs as % of revenues 17.5%16.9%18.6%
Fundraising costs as % of donations 9.7%9.0%11.6%
Total overhead spending 27.2%25.8%30.1%
Program cost coverage (%) (94.4%)(102.1%)(118.1%)

Summary Financial Statements

All figures in $000s
Donations 178,961179,120165,093
International donations 11,85313,12212,803
Goods in kind 61,4002,200700
Government funding 943,714939,575835,666
Fees for service 415,745400,183380,930
Business activities (net) 112,26974,684119,455
Investment income (24,463)349,697(59,225)
Total revenues 1,699,4791,958,5811,455,422
Program costs 951,909884,643899,331
Grants 50,69055,76945,091
Administrative costs 302,279271,316281,203
Fundraising costs 17,31816,05419,109
Other costs 41,64040,65240,766
Total spending 1,363,8361,268,4341,285,501
Cash flow from operations 335,643690,147169,921
Capital spending 301,649228,481223,247
Funding reserves 875,379941,055498,701

Note: Ci included endowment contributions in donations and investment gains (losses) from endowments in investment income. This affected revenues by ($10.0m) in F2022, $295.1m in F2021, and ($88.6m) in F2020. Ci removed gifts in kind included in donations to report them separately. Ci reported sales of goods and services net of costs in business activities, affecting revenues and expenses by ($14.4m) in F2022, ($7.9m) in F2021 and ($15.6m) in F2020. Ci adjusted for deferred government and nongovernment donations and capital contributions. This affected revenues by $144.8m in F2022, $205.4m in F2021 and $118.9m in F2020. Ci gathered fundraising costs from the charity’s T3010 filings with the CRA and removed the amounts from program costs. Ci removed amortization from program, administrative and fundraising costs on a pro rata basis.    

Salary Information

Full-time staff: 7,268

Avg. compensation: $132,360

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 F2022

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.mcgill.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 514-398-4455


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Charitable Registration Number: 80340 7956 RR0001