Cannonball Foundation
Private foundation · Calgary, Alberta · BN 755920519RR0001 · Foundations
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($389,617) as filed with the CRA.
Cannonball Foundation is a private foundation based in Calgary, Alberta, classified by the CRA under foundations. In its fiscal year ending June 30, 2024, it reported $3.5M in revenue and $390K in expenditures.
Its funding that year was roughly 88% from donations. In 2024, 1 other registered charity reported granting it a combined $672.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 50% of peers.
As a grantmaker, it reported gifts to 6 qualified donees totalling $338K in 2024, the largest being $200K to Hockey Canada Foundation/Fondation Hockey Canada. Revenue has grown substantially over its filings on record here, from $275K in 2020 to $3.5M in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The Foundation identifies and provides gifts to qualified donees which focus on providing access to financially disadvantaged people in the areas of education music and sport participation.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $3.5M | $390K | $0 | — | $338K | $9.2M |
| 2023 | $392K | $296K | $250K | — | $250K | $5.8M |
| 2022 | $777K | $428K | $381K | — | $381K | $5.4M |
| 2021 | $101K | $153K | — | — | $100K | $6.1M |
| 2020 | $275K | $143K | — | — | $100K | $4.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, June 30, 2024
- Receipted donations$3,065,784
- Investment income$256,536
- From other charities$672
- Other income$119
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2024
Granted $338K to 6 qualified donees:
Received $672 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Susan Anderson (director); William Gallacher (director); Benjamin Gallacher (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Cannonball Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 755920519RR0001), or read how we compute the receipt.