British Columbia Institute of Technology Foundation
Publicly funded institution · Burnaby, British Columbia · BN 876776824RR0001 · Support of Schools and Education · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($7,101,889) as filed with the CRA.
British Columbia Institute of Technology Foundation is a public foundation based in Burnaby, British Columbia, classified by the CRA under support of schools and education. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending March 31, 2024, it reported $13.6M in revenue and $7.1M in expenditures.
Its funding that year was roughly 56% from donations, 6% from other charities. In 2024, 44 other registered charities reported granting it a combined $1.8M.
Compared with 733 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 94% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 1 qualified donee totalling $6.9M in 2024, the largest being $6.9M to British Columbia Institute of Technology. Revenue has grown substantially over its filings on record here, from $5.4M in 2020 to $13.6M in 2024. Its filed list of directors and trustees shows 7 names.
In its own words
The bcit foundation raises funds to further the goals and objectives of british columbia institute of technology ('bcit') for the development and expansion of the education programs services capital projects and other initiatives as recommended by bcit the bcit foundation is building a legacy of life-long learning for british columbians with donor support in the form of awards bursaries and scholarships. Bcit students learn new skills and transform their dreams into reality.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $13.6M | $7.1M | — | — | $6.9M | $35.6M |
| 2023 | $23.3M | $17.9M | — | — | $17.7M | $40.5M |
| 2022 | $30.6M | $10.5M | — | — | $10.4M | $40.7M |
| 2021 | $8.5M | $8.2M | — | — | $8.1M | $37.5M |
| 2020 | $5.4M | $3.9M | — | — | $3.8M | $32.4M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $6.9M to 1 qualified donee:
- British Columbia Institute of Technology$6.9M
Received $1.8M from 44 charities:
- Bosa Properties Charitable Foundation$625K
- Ocean Park Foundation$340K
- The Peter Young Foundation$130K
- Vancouver Foundation$121K
- Rideau Hall Foundation$96K
- The Di Marco Family Foundation$60K
- Pacific Nuclear Charitable Foundation$50K
- Rudderham Kennedy Family Foundation$40K
- Student Association of the British Columbia Institute of Technology$36K
- The Princess Auto Foundation Inc.$35K
- The John Dobson Foundation$34K
- The Trottier Family Foundation/la Fondation Familiale Trottier$30K
- Diamond Foundation$25K
- Wesik Family Foundation$20K
- Raymond James Canada Foundation$16K
- B C Land Surveyors Foundation$12K
- Panatch Family Foundation$10K
- April 1 Foundation$10K
- Widsten Family Foundation$10K
- Skills For Hope Foundation$9,000
- Trev Deeley Foundation$8,549
- Chartered Professional Accountants' Education Foundation of British Columbia$8,000
- Canadian Online Giving Foundation$6,190
- B C Land Surveyors Foundation$6,000
- The Canfor Good Things Come From Trees Foundation$5,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Wayne Berg (director); Richard Rudderham (director); Donna Wilson (director); Malcolm Hunter (director); Guy Elliott (director); David Ryan (director); Jeff Zabudsky (member).
As listed on its 2024 return.
Check the source
Every figure on this page is from British Columbia Institute of Technology Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 876776824RR0001), or read how we compute the receipt.