Operating funds Economic Impact
Scholarships and student aid
In 1999-2000 McGill provided $8 million in undergraduate scholarships and student aid (including support for the University's student Work-Study program, which was matched by departments). The University has an extensive program of entrance awards recognizing outstanding academic achievement and leadership qualities. Valued at from $2,000 to $10,000 (renewable), scholarships are offered to both Canadian and international students. Details are sent to all prospective students in McGill's admission application kit. McGill also administered $33.5 million in government loans to students.
Graduate students received $3.1 million in McGill fellowships and $4.6 million in salaries. In 1998-99, they also attracted approximately $14 million in fellowship funding from Canadian and international sources. In addition, more than $12 million from research grants and contracts was devoted to graduate student support.
2000 revenue<="revenue.gif" WIDTH="184" HEIGHT="73" HSPACE="0" VSPACE="0" BORDER="0">
At May 31, 2000,
McGill's restricted endowment fund was at a market
value of $729,000,000*. Built up over the
University's long history, it represents
contributions from hundreds of individuals and
The funds which McGill has attracted from outside Quebec over the past 10 years, thanks to the presence of international and out-of-province students, donations and international research agencies, amount to more than $5 billion and generate millions of dollars in tax revenue for Quebec.
Office of Technology Transfer
McGill's Office of Technology Transfer (OTT) promotes and facilitates the transfer of technology between McGill researchers and industrial and government sponsors. Its officers help McGill staff and industry find partners with appropriate expertise. They draft, negotiate and manage research contracts. When inventions from McGill University and its affiliated hospitals are reported to OTT, an early assessment of the commercial potential is carried out by OTT to determine whether to protect the intellectual property and obtain patents or copyrights. OTT officers negotiate royalty-bearing licence agreements and are active in structuring spin-offs. In 1999-2000, OTT helped create four spin-offs and negotiated about 16 licences and $15 million in contracts. It also received more than 100 reports of invention by McGill researchers. Over the past three years, OTT has helped create 20 spin-off companies.
McGill is an
international university whose main language of
instruction is English. Located in Montreal, Quebec,
Canada, McGill's 22 faculties and professional
schools offer over 300 programs at the undergraduate,
graduate and doctoral levels.