Fondation Baxter & Alma Ricard/baxter & Alma Ricard Foundation
Private foundation · Sudbury, Ontario · BN 118920644RR0001 · Foundations Advancing Education · website
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($2,378,711) as filed with the CRA.
Fondation Baxter & Alma Ricard/baxter & Alma Ricard Foundation is a private foundation based in Sudbury, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending June 30, 2024, it reported $4.2M in revenue and $2.4M in expenditures.
In 2024, 1 other registered charity reported granting it a combined $240.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 53% of peers. Its highest-paid position fell in the $120,000–159,999 range. The charity reported 2 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $842K in 2020 to $4.2M in 2024. Its filed list of directors and trustees shows 10 names.
In its own words
La fondation offre des bourses aux étudiants francophones qui fréquentent des établissements postsecondaires.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $4.2M | $2.4M | $2M | — | — | $38.2M |
| 2023 | $4.3M | $2.2M | $1.9M | — | — | $36.4M |
| 2022 | -$2.2M | $1.9M | $1.4M | — | — | $34.3M |
| 2021 | $5.4M | $1.6M | $1.5M | — | — | $38.3M |
| 2020 | $842K | $1.5M | $982K | — | — | $34.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $240 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $120,000–159,9991 position
- $80,000–119,9991 position
- Permanent full-time positions2
- Total compensation, all staff$276K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
André Desmarais (director); Guy Desmarais (president); Paul Desmarais (director); Serge Joyal (secretary); Daniel Piche (director); Marie Poulin (director); Luc Reny (treasurer); Marc Guilbert (director); Andrée Lacroix (director); Michel Morin (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Fondation Baxter & Alma Ricard/baxter & Alma Ricard Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118920644RR0001), or read how we compute the receipt.