Ashesi University Foundation Canada
Private foundation · Toronto, Ontario · BN 709874879RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($13,997,803) as filed with the CRA.
Ashesi University Foundation Canada is a private foundation based in Toronto, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $61.1M in revenue and $14M in expenditures.
In 2022, 1 other registered charity reported granting it a combined $252.7M.
Compared with 74 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 56% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group. Its highest-paid positions fell in the $120,000–159,999 range (2 positions in that band). The charity reported 2 permanent full-time positions.
Its filed list of directors and trustees shows 6 names.
In its own words
The foundation continues to provide scholarships to post-secondary students in africa provides grants to ashesi university to carry out activities related to health collaborative and education collaborative. The health collabortive with asheshi university supports students and alumni entrepreneurs to build ventures in the healthcare ecosystem and to work alongside the healthcare system and other education institutional actors to co-create solutions through a series of programs. The education collaboration with asheshi university supports students by providing workshops training programs an…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $61.1M | $14M | $10M | — | $2.6M | $397.4M |
| 2023 | $25.3M | $8.5M | $5.5M | — | $1.9M | $350.4M |
| 2022 | $249.6M | $924K | $407K | — | — | $333.6M |
| 2021 | $84.9M | $9,017 | — | — | — | $84.9M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2022
Received $252.7M from 1 charity:
- Mastercard Foundation$252.7M
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $120,000–159,9992 positions
- Permanent full-time positions2
- Total compensation, all staff$330K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Patrick Awuah (chair); Mateko Azu (director); Emer Dooley (director); Paul Fieguth (director); Joseph Wong (director); Aissatou Diajhate (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Ashesi University Foundation Canada’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 709874879RR0001), or read how we compute the receipt.