Fondation Élaine et Réal Raymond
Publicly funded institution · Montreal, Quebec · BN 850206210RR0001 · Teaching Institutions
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($662,542) as filed with the CRA.
Fondation Élaine et Réal Raymond is a private foundation based in Montreal, Quebec, classified by the CRA under teaching institutions. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending December 31, 2024, it reported $26K in revenue and $663K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 673 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 66% of peers.
As a grantmaker, it reported gifts to 7 qualified donees totalling $644K in 2024, the largest being $584K to Fondation Patrimonica. Revenue has declined over its filings on record here, from $47K in 2020 to $26K in 2024.
In its own words
La fondation a pour but de remettre des fonds à des donataires reconnus au sens de la loi de l'impôt sur le revenu et de servir à l'avancement de l'éducation en octroyant des bourses d'études pour permettre à des enfants ou à des jeunes adultes défavorisés financièrement entre autres à ceux de la région de st-donat province de québec de parfaire des études tant secondaires collégiales universitaires et postuniversitaires. La fondation a cessé ses activité le 31 décembre 2024 et terminé son existence
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $26K | $663K | — | — | $644K | — |
| 2023 | $40K | $58K | — | — | $49K | $640K |
| 2022 | -$57K | $35K | — | — | $24K | $658K |
| 2021 | $879 | $65K | — | — | $48K | $750K |
| 2020 | $47K | $54K | — | — | $49K | $814K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $644K to 7 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Check the source
Every figure on this page is from Fondation Élaine et Réal Raymond’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 850206210RR0001), or read how we compute the receipt.