Koerner Foundation
Private foundation · Toronto, Ontario · BN 118979939RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($3,483,423) as filed with the CRA.
Koerner Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending December 31, 2024, it reported $3.3M in revenue and $3.5M in expenditures.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 55% of peers.
As a grantmaker, it reported gifts to 13 qualified donees totalling $3M in 2024, the largest being $750K to Canadahelps Canadon. Revenue has grown substantially over its filings on record here, from $1.9M in 2020 to $3.3M in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
Koerner foundation is mandated to distribute to qualified donees for the advancement of education arts culture health activities and programs of a charitable nature beneficial to the community as a whole
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $3.3M | $3.5M | — | — | $3M | $22.2M |
| 2023 | $1.9M | $2.3M | — | — | $1.9M | $22.4M |
| 2022 | -$2.5M | $1.6M | — | — | $1.2M | $22.7M |
| 2021 | $4.2M | $1.5M | — | — | $1.1M | $26.8M |
| 2020 | $1.9M | $1.7M | — | — | $1.3M | $24.1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $3M to 13 qualified donees:
- Canadahelps Canadon$750K
- The University of British Columbia$745K
- DR. Peter AIDS Foundation$600K
- Victoria Hospitals Foundation$250K
- National Gallery of Canada Foundation/fondation du Musée des Beaux-Arts du Canada$250K
- Foundations for Social Change$75K
- WCS Wildlife Conservation Society Canada$60K
- Victoria Symphony Society$60K
- Pacific Opera Victoria Association$55K
- The Royal Canadian Geographical Society$50K
- Ocean Wise Conservation Association$50K
- Hope in Shadows Society$40K
- The Cridge Centre for the Family$30K
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
- Permanent full-time positions0
- Total compensation, all staff$248K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Stephen Koerner (trustee); Marianne Bianco (trustee); Erik Yeo (trustee); Michelle Koerner (trustee); Jacqueline Koerner (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Koerner Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118979939RR0001), or read how we compute the receipt.