Clean Economy Fund
Public foundation · East York, Ontario · BN 891932428RR0001 · Foundations
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($3,736,495) as filed with the CRA.
Clean Economy Fund is a public foundation based in East York, Ontario, classified by the CRA under foundations. In its fiscal year ending March 31, 2024, it reported $3.9M in revenue and $3.7M in expenditures.
Its funding that year was roughly 99% from other charities. In 2024, 24 other registered charities reported granting it a combined $8.9M.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 30% of peers. Its highest-paid positions fell in the $80,000–119,999 range (5 positions in that band). The charity reported 5 permanent full-time positions.
As a grantmaker, it reported gifts to 10 qualified donees totalling $744K in 2024, the largest being $200K to Institute for New Economics Public Interest Research Association Inc.. Its filed list of directors and trustees shows 4 names.
In its own words
Works with charitable foundations and qualified donees to maximize the scale and impact of philanthropic investments in support of a clean and prosperous canadian economy.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $3.9M | $3.7M | $2.1M | — | $744K | $524K |
| 2023 | $1.5M | $1.4M | $575K | — | $577K | $332K |
| 2022 | $1.2M | $1.2M | $796K | — | $245K | $141K |
| 2021 | $2.3M | $2.3M | $1.1M | — | $814K | $128K |
| 2020 | $2.7M | $2.7M | $763K | — | $1.5M | $86K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $744K to 10 qualified donees:
- Institute for New Economics Public Interest Research Association Inc.$200K
- Ontario Clean Air Alliance Research Inc.$150K
- Small Change Fund$105K
- The Governing Council of the University of Toronto$71K
- Carleton University$50K
- Clean Prosperity Foundation$50K
- Simon Fraser University$40K
- Toronto Metropolitan University$30K
- Finance Engage Sustain / Financer Engager Soutenir$25K
- Environmental Defence Canada$23K
Received $8.9M from 24 charities:
- The Trottier Family Foundation/la Fondation Familiale Trottier$4.6M
- Ivey Foundation$675K
- Ivey Foundation$500K
- Ivey Foundation$500K
- Ivey Foundation$500K
- Chisholm Thomson Family Foundation$415K
- North Family Foundation$410K
- CHIMP: Charitable Impact Foundation (Canada)$347K
- Suncor Energy Foundation/fondation Suncor Energie$250K
- The J W McConnell Family Foundation$240K
- Temerty Foundation$200K
- The Consecon Foundation$90K
- Fondation Écho /echo Foundation$63K
- Arrell Family Foundation$50K
- The Edmonton Community Foundation Priv Act$50K
- Externalitator Foundation$26K
- Nicola Wealth Private Giving Foundation$20K
- The Catherine Donnelly Foundation$15K
- The Peter Gilgan Foundation$10K
- Toronto Foundation$9,500
- Sarah & Cary Lavine Family Foundation$5,000
- Rosutec Charitable Foundation$5,000
- The Houssian Foundation$5,000
- Suncor Energy Foundation/fondation Suncor Energie$500
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9995 positions
- Permanent full-time positions5
- Total compensation, all staff$356K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Patricia Letizia; Bruce Lourie; Ersilia Serafini; Robert Spencer.
As listed on its 2024 return.
Check the source
Every figure on this page is from Clean Economy Fund’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 891932428RR0001), or read how we compute the receipt.