King's University College Foundation at the University of Western Ontario
Public foundation · London, Ontario · BN 885508788RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-04-30. Split of total expenditures ($1,047,765) as filed with the CRA.
King's University College Foundation at the University of Western Ontario is a public foundation based in London, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending April 30, 2024, it reported $2.3M in revenue and $1M in expenditures.
Its funding that year was roughly 27% from donations, 12% from other charities. In 2024, 9 other registered charities reported granting it a combined $155K.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 9% of peers. Its highest-paid positions fell in the $40,000–79,999 range (2 positions in that band). The charity reported 5 permanent full-time positions.
As a grantmaker, it reported gifts to 1 qualified donee totalling $210K in 2024, the largest being $210K to King's University College at the University of Western Ontario. Its filed list of directors and trustees shows 15 names.
In its own words
The sole purpose of the foundation is to seek and administer gifts that support the mission of king's university college. Through the foundation donors help to build endowments for scholarships and bursaries acquire capital equipments and assets improve college facilities and develop and expand academic programs.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.3M | $1M | $348K | $39K | $210K | $13M |
| 2023 | $1.6M | $2M | $342K | $30K | $1.2M | $11.8M |
| 2022 | $1.2M | $976K | $328K | $25K | $200K | $12.2M |
| 2021 | $3.5M | $2.3M | $255K | $31K | $1.6M | $12M |
| 2020 | $2.3M | $1.9M | $280K | $48K | $825K | $10.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $210K to 1 qualified donee:
Received $155K from 9 charities:
- King's University College at the University of Western Ontario$125K
- Smith Family Foundation$10K
- London Community Foundation$6,000
- The KPMG Foundation/la Fondation KPMG$5,000
- Waterloo Region Community Foundation$3,197
- Oakville Community Foundation$2,000
- Canadahelps Canadon$1,968
- Canadian Online Giving Foundation$1,049
- Carthy Foundation$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9992 positions
- $1–39,9993 positions
- Permanent full-time positions5
- Total compensation, all staff$265K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Erin Hannah (director); Terra Ahrens (ex-officio/executive director); Ricardo Soto Canales (ex-officio/student rep); Dayna Gibbs (director); Steve Wilkinson (treasurer); Grace Russell (secretary); Rick Santos (director); Mark Wareing (director); Timothy Wasik (chair); Chuck Scott (director); Aurelia Almeida (ex-officio recording secreta); Reverend Coleman (ex-officio-bishops rep); Barshan Quadry (director); Robert Ventresca (ex-officio president); Lucy Lee (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from King's University College Foundation at the University of Western Ontario’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 885508788RR0001), or read how we compute the receipt.