Holland College Foundation Inc.
Public foundation · Charlottetown, Prince Edward Island · BN 118959121RR0001 · Foundations Advancing Education · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($2,301,377) as filed with the CRA.
Holland College Foundation Inc. is a public foundation based in Charlottetown, Prince Edward Island, classified by the CRA under foundations advancing education. In its fiscal year ending March 31, 2024, it reported $2.6M in revenue and $2.3M in expenditures.
Its funding that year was roughly 43% from donations, 38% from other charities. In 2024, 21 other registered charities reported granting it a combined $1.2M.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 69% of peers. Its fundraising cost per donated dollar was lower than 88% of that peer group. Its highest-paid position fell in the $80,000–119,999 range. The charity reported 5 permanent full-time positions.
As a grantmaker, it reported gifts to 1 qualified donee totalling $1.1M in 2024, the largest being $1.1M to Holland College. Its filed list of directors and trustees shows 13 names.
In its own words
Provision of funds for student scholarships bursaries and awards fundraising for projects and activities of holland college and to expand the college’s education services assistance.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.6M | $2.3M | $1M | $20K | $1.1M | $10.5M |
| 2023 | $2.1M | $1.6M | $1M | $18K | $475K | $9.3M |
| 2022 | $3.1M | $1.9M | $906K | $20K | $845K | $9.2M |
| 2021 | $2.6M | $1.4M | $808K | $19K | $462K | $8.7M |
| 2020 | $1.9M | $1.7M | $1.2M | $22K | $361K | $7.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1.1M to 1 qualified donee:
- Holland College$1.1M
Received $1.2M from 21 charities:
- Holland College$585K
- The McCain Foundation$150K
- The Medavie Foundation Inc.$100K
- The Windsor Foundation$100K
- RBC Foundation$50K
- Harrison McCain Foundation$45K
- Trust under the Will of Florence Ethel Simmons$43K
- The Joan and Regis Duffy Foundation$40K
- R. Howard Webster Foundation$25K
- BenefAction Foundation$25K
- The Connor Clark & Lunn Foundation$20K
- Isles Foundation Incorporated$15K
- The Christina and Hedley G. Ivany Charitable Foundation$9,000
- Canadian Online Giving Foundation$6,692
- Charitable Gift Funds Canada Foundation$5,000
- The Community Foundation of Prince Edward Island Inc.$2,600
- Canadahelps Canadon$2,127
- Strategic Charitable Giving Foundation$1,500
- Campbell Webster Foundation Inc.$1,000
- Simon Chang Foundation For Change/Fondation Simon Chang Pour Le Changement$1,000
- Fundy Community Foundation$500
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9991 position
- $40,000–79,9994 positions
- Permanent full-time positions5
- Total compensation, all staff$485K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Kathleen McCarvill (secretary/treasurer); Lloyd Compton (director); Barbara Smith (director); Alexander Macdonald (director); Kathleen Casey (director); Kent Scales (chair); Alanna Taylor (director); Blake Doyle (director); Peter McLaughlin (director); John Horrelt (director); Katherine Ellis-Ghiz (director); Mark Ledwell (director); Gregory Todd (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Holland College Foundation Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118959121RR0001), or read how we compute the receipt.