Ivey Foundation
Private foundation · Vaughan, Ontario · BN 119118578RR0001 · Foundations · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($18,895,513) as filed with the CRA.
Ivey Foundation is a private foundation based in Vaughan, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $2.4M in revenue and $18.9M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
In 2024, 3 other registered charities reported granting it a combined $158K.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 73% of peers. Its highest-paid position fell in the $350,000 and over range. The charity reported 3 permanent full-time positions.
As a grantmaker, it reported gifts to 23 qualified donees totalling $13.3M in 2024, the largest being $5M to The Transition Accelerator. Revenue has declined over its filings on record here, from $14M in 2020 to $2.4M in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
The foundation makes grants to charitable organizations supporting projects in the environment health education social development and arts and culture. The foundation's major granting program is economy and environment.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.4M | $18.9M | $1.8M | — | $16.2M | $50.7M |
| 2023 | $8.1M | $18.7M | $2.2M | — | $15.5M | $51.5M |
| 2022 | $3.8M | $16.2M | $1.5M | — | $13.4M | $97.2M |
| 2021 | $14.5M | $6.1M | $1M | — | $3.6M | $122.4M |
| 2020 | $14M | $6.1M | $919K | — | $3.9M | $108.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $13.3M to 23 qualified donees:
- The Transition Accelerator$5M
- Canadian Climate Institute$1M
- Simon Fraser University$750K
- Environmental Defence Canada$700K
- Clean Economy Fund$675K
- Carleton University$625K
- Pembina Institute for Appropriate Development$600K
- Carleton University$600K
- Clean Economy Fund$500K
- Clean Economy Fund$500K
- Clean Economy Fund$500K
- Canadian Association of Physicians for the Environment$400K
- The University of British Columbia$250K
- Carleton University$200K
- The Sustainability Institute of Canada$150K
- Royal Roads University$150K
- Salt Spring Institute for Sustainability Education & Action$150K
- Centre for Environmental Leadership in Canada$150K
- Ecology Action Centre$150K
- Clean Prosperity Foundation$100K
- Community Energy Association$75K
- Université du Québec À Montréal$15K
- Nature Canada / Canada Nature$15K
Received $158K from 3 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $350,000 and over1 position
- $300,000–349,9991 position
- $80,000–119,9991 position
- Permanent full-time positions3
- Total compensation, all staff$1.1M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Suzanne Ivey Cook (vice chair); Rosamond Ivey (chair); Richard Ivey (secretary and treasurer); Bruce Lourie (president).
As listed on its 2024 return.
Check the source
Every figure on this page is from Ivey Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119118578RR0001), or read how we compute the receipt.