Montreal, QC H3A 0G4
Principal: Suzanne Fortier
Provost: Chris Manfredi
Charitable Reg. #: 11912 8981 RR0001
Grade: B+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #5,701
Avg. Compensation $118,556
Top 10 Staff Salary Range
|$300k - $350k||2|
|$250k - $300k||2|
|$200k - $250k||2|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About McGill University:
McGill University (MU) was founded in 1821 after James McGill, a wealthy fur trader and merchant, donated a 46-acre estate to establish a college bearing his name. McGill College began holding classes in 1829 in the merchant’s former country house. McGill University has since developed into a public research university with 2 campuses, 11 faculties and 10 schools with over 300 programs of study. The university has five strategic priorities: student life and learning, research and innovation, community engagement, work culture and transforming the virtual and physical campus.
In F2015, McGill University spent $704.3m on its programs, including $385.3m on academic salaries and $140.2m on student aid and student employment. MU allocated $45.8m to its partner institutions. MU has 39,988 students (25% are international students), 1,667 faculty members and 4 affiliated teaching hospitals. It granted 9,134 degrees in F2015. The university is home to 177 endowed teaching and research chairs, 158 Canada Research Chairs and 166 active Members of the Royal Society of Canada. McGill University produced 139 Rhodes Scholars which is more than any other Canadian university has. MU consistently ranks as the top university in Canada in the QS World University Rankings (as of 2015). It has 250,000 alumni living across the world.
McGill University’s annual program costs average $18k per student.
McGill University is one of Canada’s Major 100 charities with donations of $117.6m along with tuition of $258.5m and government funding of $678.8m. MU received $7.1m in grants from the US government. Administrative costs are 20% of total revenues and reported fundraising costs are 12% of total donations, as taken from the charity’s T3010 filings. Total overhead costs come to 32%, falling within Ci’s reasonable range. MU has total funding reserves of $2.2bn and total debt of $861m. Net funding reserves of $1.4bn can cover program costs for 1.8 years. MU holds an endowment fund of $1.4bn. Excluding donor-endowed funds, MU cannot cover its program costs at all.
MU’s endowment fund per student comes to $35k. MU’s high operating cash flow of $219k was used to buy capital goods worth $143k and build up the funding reserves.
This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.
Updated on August 19th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending April
|Administrative costs as % of revenues||19.8%||20.6%||21.0%|
|Fundraising costs as % of donations||11.9%||13.3%||14.1%|
|Program cost coverage (%)||183.3%||72.8%||53.5%|
Summary Financial StatementsAll figures in $000s
|Fees for service||258,489||245,241||228,623|
|Business activities (net)||121,667||110,982||109,191|
|Cash flow from operations||219,479||183,255||159,506|