McMaster University
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
A-
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
93%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 93 cents are available for programs.
My anchor
OVERVIEW
About McMaster University:
Founded in 1887, McMaster University relocated from Toronto to Hamilton, Ontario in 1930. The university was founded through a bequest from Senator William McMaster, founding president of the Canadian Imperial Bank of Commerce and chair of the Great Western Railway. McMaster University is a medical-doctoral, research-intensive university with undergraduate and graduate programs. It offers programs in six faculties: business, engineering, health sciences, humanities, science, and social sciences.
McMaster University had 27,282 undergraduates and 4,561 graduate students, for a total student population of 31,843 (of which 29,982 are full-time) in F2018. International students represented 113 countries and international graduate students made up more than 24% of the graduate student body. In F2018, McMaster University had 988 full-time instructional faculty members. Full-time faculty members represent 55 countries not including Canada.
McMaster University is home to 70 Canada Research Chairs, 112 endowed chairs, and 13 endowed professorships. McMaster has a global reputation for excellence in health research, and its new five-year Strategic Plan for Research aims to further enhance this commitment to research excellence. Since the winter of 2015, over 400 graduate students and postdoctoral fellows have completed one or more courses for Teaching and Learning Certificates from the MacPherson Institute, which promotes the integration of pedagogical research into teaching practices.
In F2017, McMaster University published its first Community Engagement Report which includes a 2016-2021 Strategic Plan for Engagement. This represents McMaster’s move towards building an inclusive, sustainable greater Hamilton area.
My anchor
Results and Impact
McMaster University reports that in the 2017 National Survey of Student Engagement, 83% of respondents rated their entire McMaster educational experience as good, or excellent, compared with Ontario’s average of 77%. In the 2016 Ontario University Graduate Survey of McMaster’s 2014 undergraduates, 91.4% of respondents said that they were in full-time employment that was related to the skills they studied at university two years post-graduation. The Ontario average is 88.8%.
McMaster University reports that in F2018, several of its faculty were recognized for research excellence. The university says that two were named as Fellows of the Royal Society of Canada; two were elected to the Royal Society’s College of New Scholars, Artists and Scientists; and two were awarded Killam Research Fellowships.
While Ci highlights these key results, they may not be a complete representation of McMaster University’s results and impact.
My anchor
Finances
McMaster University had total donations of $97m in F2018. Administrative costs are 2% of revenues (excluding investment income) and fundraising costs are 5% of donations. For every dollar donated, 93 cents go to McMaster’s programs. This is within Ci’s reasonable range for overhead spending. Funding reserves of $1b can cover 1.2 years of annual program costs.
This charity report is an update that has been sent to McMaster University for review. Changes and edits may be forthcoming.
Updated on July 12, 2019 by Lauren Chin.
Financial Review
Fiscal year ending April
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 1.9% | 2.0% | 2.2% |
| Fundraising costs as % of donations | 5.2% | 6.8% | 6.8% |
| Total overhead spending | 7.1% | 8.8% | 9.0% |
| Program cost coverage (%) | 117.6% | 119.3% | 123.6% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 97,129 | 75,463 | 74,856 |
| Government funding | 415,126 | 406,419 | 406,414 |
| Fees for service | 425,724 | 384,593 | 350,320 |
| Investment income | 54,255 | 94,697 | 13,172 |
| Other income | 77,112 | 74,273 | 70,307 |
| Total revenues | 1,069,346 | 1,035,445 | 915,069 |
| Program costs | 875,946 | 856,445 | 804,379 |
| Administrative costs | 19,245 | 18,670 | 19,971 |
| Fundraising costs | 5,056 | 5,162 | 5,108 |
| Other costs | 13,340 | 13,377 | 9,851 |
| Total spending | 913,587 | 893,654 | 839,309 |
| Cash flow from operations | 155,759 | 141,791 | 75,760 |
| Capital spending | 156,500 | 111,709 | 94,397 |
| Funding reserves | 1,030,237 | 1,021,437 | 994,242 |
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 $40m in F2018, $41m in F2017, and $39m in F2016.
Salary Information
$350k + |
10 |
$300k - $350k |
0 |
$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 F2018
My anchor
Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it.