Estate of James E Porter Scholarship Trust
Private foundation · Halifax, Nova Scotia · BN 890581549RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-08-31. Split of total expenditures ($224,339) as filed with the CRA.
Estate of James E Porter Scholarship Trust is a private foundation based in Halifax, Nova Scotia, classified by the CRA under support of schools and education. In its fiscal year ending August 31, 2024, it reported $176K in revenue and $224K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 21% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $139K in 2024, the largest being $139K to The University of New Brunswick. Its filed list of directors and trustees shows 1 name.
In its own words
Net income is to be paid to the University of New Brunswick for the payment of scholarships to deserving students. The recipients of such scholarships are to be selected by the University of New Brunswick consultation with the School Board of district No. 31
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $176K | $224K | — | — | $139K | $3.7M |
| 2023 | $473K | $214K | — | — | $131K | $3.7M |
| 2022 | $563K | $195K | — | — | $110K | $3.5M |
| 2021 | $285K | $193K | — | — | $111K | $3.1M |
| 2020 | $164K | $200K | — | — | $120K | $3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, August 31, 2024
- Investment income$159,855
- Other income$5,385
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 $139K to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Canada Trust (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Estate of James E Porter Scholarship Trust’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 890581549RR0001), or read how we compute the receipt.