Heather Ryan & L. David Dube Foundation Inc.
Private foundation · Saskatoon, Saskatchewan · BN 815762471RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($3,633,042) as filed with the CRA.
Heather Ryan & L. David Dube Foundation Inc. is a private foundation based in Saskatoon, Saskatchewan, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $2.7M in revenue and $3.6M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 91% from donations.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 93% of peers.
As a grantmaker, it reported gifts to 9 qualified donees totalling $3.6M in 2024, the largest being $1.8M to Saskatchewan Polytechnic. Revenue has grown substantially over its filings on record here, from $300K in 2020 to $2.7M in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The foundation raises funds generates income from investments and makes donations to qualified donees.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.7M | $3.6M | — | — | $3.6M | $4.1M |
| 2023 | $4.5M | $564K | — | — | $558K | $5M |
| 2022 | $44K | $529K | — | — | $525K | $1.1M |
| 2021 | $2M | $471K | — | — | $467K | $1.6M |
| 2020 | $300K | $283K | — | — | $280K | $12K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Receipted donations$2,500,000
- Investment income$242,913
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 $3.6M to 9 qualified donees:
- Saskatchewan Polytechnic$1.8M
- Royal University Hospital Foundation Inc.$1M
- Golf Canada Foundation$360K
- The Nature Conservancy of Canada$250K
- North Saskatchewan Regiment Fund Inc.$84K
- The Governing Council of the Salvation Army in Canada/conseil de Direction de l'Armée du Salut du Canada$75K
- Sanctum Care Group Inc.$50K
- Saskatoon Friendship Inn$30K
- Shakespeare on the Saskatchewan Festival Inc.$25K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
David Dube (president); Heather Ryan (director); Harriet Inglesby (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Heather Ryan & L. David Dube Foundation Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 815762471RR0001), or read how we compute the receipt.