McGill University

Legal name: The Royal Institution for the Advancement of Learning McGill University

Nonprofit profile at a glance

EIN
986001153
IRS 990 coverage
2020–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Montreal, Quebec, CA
Phone
5143986667
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$1,343,132,081
Expenses
$1,314,438,225
Assets
$4,817,815,605
Liabilities
$3,220,830,785

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • Christopher Manfredi (Provost and Executive Vice-President Academic)
  • Marc Weinstein (Vice-President University Advancement)
  • Hargurdeep Saini (President and Vice Chancellor)
  • Lesley Fellows (Vice-President Health Affairs and Dean Faculty of Medicine and Health Sciences)
  • Martha Crago (Vice-President Research and Innovation)
  • Diana Dutton (Interim Vice-President Administration and Finance)

Highest reported compensation

  • Christopher Manfredi (Provost and Executive Vice-President Academic): $621,315 total reported compensation
  • Marc Weinstein (Vice-President University Advancement): $584,270 total reported compensation
  • Hargurdeep Saini (President and Vice Chancellor): $503,220 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

McGill University is one of Canada's best-known institutions of higher learning and one of the leading universities in the world. McGill is recognized around the world for the excellence of its teaching and research programs. Ernest Rutherford's Nobel Prize-winning research on the nature of radioactivity was conducted at McGill, part of a long tradition of innovation on our campuses that includes the invention of the artificial blood cell and Plexiglas. Today our professors are building the new field of epigenetics, developing alternative energy sources from crop plants and driving human achievement in every field imaginable. The best and brightest In addition to a stellar faculty, McGill is known for attracting the brightest students from across Canada, the United States, and around the world. McGill students have the.

What it reported doing in 2024

Other program service expenses are those related to the universitys ancillary operations including but not limited to: residence catering parking printing and the campus bookstore. Other Program Services include administrative and managerial salaries as well as inventory sold and equipment maintenance. Includes adjustment of -$3,658,147 for Part IX Line 3 Grants and allocations reported in Program Service instead of Management and general expenses -$3,657,813 and Part IX Line 11 Professional Fundraising Fees from Program to Fundraising $334.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 86% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 66
  • Accountability: 74
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.6%; rating input score 92
  • Program expense ratio: 92.8%; rating input score 93
  • Fundraising efficiency: $43.29 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 88.2%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Limited
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Limited
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 64%; rating input score 64; 18th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.1%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 3.67; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.67; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 0.3%; rating input score 87; 87th percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 30th percentile among comparable filings
  • Revenue growth: 4.1% per year; rating input score 100; 33rd percentile among comparable filings
  • Asset growth: 2.4% per year; rating input score 100; 17th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site
  • Where the money goes: 91.6% of revenue deployed · 92.8% of spending went to programs
  • Governance: 16 of 25 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $1.2B in reported program spending
  • Leadership: top reported pay $621K · 20 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $18.7M reported
  • Consistency: 47 of 49 current checks pass · 2 findings to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule G fundraiser detail did not reconcile in the filed values.