La Fondation Lucien Racine
Private foundation · Jonquiere, Quebec · BN 887593861RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2021-12-31. Split of total expenditures ($200,842) as filed with the CRA.
La Fondation Lucien Racine is a private foundation based in Jonquiere, Quebec, classified by the CRA under foundations advancing education. In its fiscal year ending December 31, 2021, it reported $2,010 in revenue and $201K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 4,001 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 79% of peers.
As a grantmaker, it reported gifts to 6 qualified donees totalling $200K in 2021, the largest being $60K to La maison de soins palliatifs du Saguenay. Its filed list of directors and trustees shows 7 names.
In its own words
La fondation a décidé lors d'une réunion extraordinaire de son conseil d'administration de distribuer les sommes en main à des organismes reconnues de la région (saguenay qc) c'est aussi lors de cette réunion que le conseil a décidé de la dissolution de la fondation dés que les dons auront été distribues. Le liste de ces dons est contenues dans le formulaire t1236 attache à ce rapport. Le procès verbal officialisant ces décisions est aussi joint à ce rapport. La dissolution de ila fondation lucien racine a été déposée le 20 janvier 2022 au registre des entreprises.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2021
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2021 | $2,010 | $201K | — | — | $200K | — |
| 2020 | $5,542 | $36 | — | — | — | $194K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2021
Granted $200K to 6 qualified donees:
- La maison de soins palliatifs du Saguenay$60K
- Le Patro de Jonquière Inc$40K
- Fonds de dotation santé Jonquière inc.$35K
- La Fondation de Ma Vie$35K
- Fondation Asselin du Cegep de Jonquiere Inc.$20K
- La Fondation PJ 2004$10K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2021)
Grégroire Bergeron (président); Fernand Tremblay (secrétaire); Guy Bouchard (trésorier); Real Durocher (administrateur); Lucien Racine (administrateur); Louis-Marie Leblanc (administrateur); Nathalie Tremblay (administrateur).
As listed on its 2021 return.
Check the source
Every figure on this page is from La Fondation Lucien Racine’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 887593861RR0001), or read how we compute the receipt.