Horatio Alger Association of Canada Foundation
Private foundation · Toronto, Ontario · BN 745999276RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,590,200) as filed with the CRA.
Horatio Alger Association of Canada Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $5.5M in revenue and $1.6M in expenditures.
Its funding that year was roughly 46% from donations. In 2024, 1 other registered charity reported granting it a combined $10K.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 96% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $1.6M in 2024, the largest being $1.6M to The Horatio Alger Association of Canada. Its filed list of directors and trustees shows 3 names.
In its own words
Horatio alger association of canada foundation (the foundation) was created on february 20 2020 for the purpose of holding funds designated by horatio alger association of canada's board of directors as endowment funds in addition to any future contributions so directed. Horatio alger association of canada is the sole member of the foundation. The canadian revenue agency granted a charitable exempt status of the foundation effective january 1 2021.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $5.5M | $1.6M | — | — | $1.6M | $19.2M |
| 2023 | $3.6M | $92K | — | — | — | $15.3M |
| 2022 | $11.7M | $63K | — | — | — | $11.8M |
| 2021 | — | — | — | — | — | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1.6M to 1 qualified donee:
Received $10K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
V. Prem Watsa (chair of the board); Jay Hennick (vice chair of the board); Richard Waugh (secretary-treasurer).
As listed on its 2024 return.
Check the source
Every figure on this page is from Horatio Alger Association of Canada Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 745999276RR0001), or read how we compute the receipt.