Gilbert and Stewart Bagnani Endowment
Private foundation · Ottawa, Ontario · BN 890623994RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2021-06-30. Split of total expenditures ($549,064) as filed with the CRA.
Gilbert and Stewart Bagnani Endowment is a private foundation based in Ottawa, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending June 30, 2021, it reported $178K in revenue and $549K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 1,524 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 78% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $517K in 2021, the largest being $517K to Trent University. Its filed list of directors and trustees shows 4 names.
In its own words
As per the terms of the deed of the trust the trustees shall invest and keep the same invested and shall pay use and apply all or part of the trust fund from time to time (except such amounts as shall be received by the trustees subject to any provisions as to its retention provided such retentions are still in effect) for the advancement of education and the encouragement of studies in problems of community concern
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2021
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2021 | $178K | $549K | — | — | $517K | $8,047 |
| 2020 | $24K | $56K | — | — | $38K | $379K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2021
Granted $517K to 1 qualified donee:
- Trent University$517K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2021)
Jon Grant (trustee); Tom Miller (trustee); Thomas Symons (trustee); Canada Trust (trustee).
As listed on its 2021 return.
Check the source
Every figure on this page is from Gilbert and Stewart Bagnani Endowment’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 890623994RR0001), or read how we compute the receipt.