Commonage Legacy Foundation
Private foundation · Vernon, British Columbia · BN 754166288RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($502,838) as filed with the CRA.
Commonage Legacy Foundation is a private foundation based in Vernon, British Columbia, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $10 in revenue and $503K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 100% from donations.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 73% of peers.
As a grantmaker, it reported gifts to 5 qualified donees totalling $500K in 2024, the largest being $200K to Okanagan College Foundation. Revenue has declined over its filings on record here, from $517K in 2020 to $10 in 2024. Its filed list of directors and trustees shows 6 names.
In its own words
Make donations grants or gifts to qualifying recipients as determined by the donations committee
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $10 | $503K | — | — | $500K | $57K |
| 2023 | $517K | $552K | — | — | $550K | $40K |
| 2022 | $517K | $503K | — | — | $500K | $76K |
| 2021 | $517K | $503K | — | — | $500K | $61K |
| 2020 | $517K | $502K | — | — | $500K | $47K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $500K to 5 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Shane Thorlakson (director); Eric Thorlakson (director); James Thorlakson (director); Maria Thorlakson (director); Dean Thorlakson (director); James Thorlakson (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Commonage Legacy Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 754166288RR0001), or read how we compute the receipt.