McMaster University

1280 Main Street West
Hamilton, ON L8S 4L8
President: Dr. Patrick Deane
Board Chair: David Lazzarato

Charitable Reg. #: 11903 5988 RR0001
Sector: Education - University
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

Grade: A

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

Full-time staff #4,425

Avg. Compensation $103,166

Top 10 Staff Salary Range

$350k + 4
$300k - $350k 6
$250k - $300k 0
$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 F2014

About McMaster University:

McMaster University is located in Hamilton, Ontario. It bears the name of William McMaster, a prominent Canadian Senator and banker whose substantial bequeathed funds helped to found the university. The university operates six academic faculties: Science, Health Sciences, Engineering, Humanities, Social Sciences, and Business. The main campus is located on 300 acres of land in the residential neighbourhood of Westdale, adjacent to Hamilton's Royal Botanical Gardens.

The University is home to 21,411 full-time undergraduate and 3,519 full-time graduate students. International students represented 8.1% of the undergraduate student body, and 19.3% of the graduate student body. The university has 985 full-time faculty members, producing a student-to-faculty ratio of 25:1.

McMaster was the 2nd highest ranked university in Ontario and 4th highest ranked university in Canada in the Times Higher Education 2014 World University Rankings. McMaster is well known for its research community, which has authored 3,500 publications and has filed 75 patents.

Financial Review:

McMaster had total donations of $98.9m in F2014. It has funding reserves of $885m, up from $765m in F2013. Over $400m of the funding reserves are donor-endowed, resulting in a non-donor endowed program cost coverage ratio of 60%. Like all Canadian universities, McMaster reports no cost allocations for fundraising expenses on its audited financial statements. From its T3010 CRA filings, reported administrative costs are 3% of revenues and fundraising costs are 5% of donations.


Updated June 11, 2015

Financial Ratios

Fiscal year ending April
Administrative costs as % of revenues 3.4%2.2%2.1%
Fundraising costs as % of donations 5.3%6.5%8.0%
Program cost coverage (%) 108.4%97.8%92.3%

Summary Financial Statements

All figures in $000s
Donations 98,90273,78356,309
Government funding 391,832417,027406,007
Fees for service 314,161297,482292,983
Investment income 63,24346,63518,881
Other income 67,16168,12369,831
Total revenues 935,299903,050844,011
Program costs 816,080782,217776,975
Administrative costs 29,99019,17617,591
Fundraising costs 5,1884,7844,489
Other costs 8,5758,6208,694
Cash flow from operations 75,46688,25336,262
Funding reserves 884,872764,635716,915
Note: Administrative and fundraising costs were obtained from McMaster's T3010 CRA filing and were deducted from program costs. Ci made an adjustment for amortization of deferred capital contributions, reducing revenues by $38m in F2014, $36m in F2013, and $34m in F2012.

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