Lockward Memorial Scholarships
Private foundation · Toronto, Ontario · BN 869999649RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($255,533) as filed with the CRA.
Lockward Memorial Scholarships 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 $316K in revenue and $256K in expenditures.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 43% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 1 qualified donee totalling $202K in 2024, the largest being $202K to Dalhousie University. Revenue has grown substantially over its filings on record here, from $140K in 2020 to $316K in 2024. Its filed list of directors and trustees shows 1 name.
In its own words
To apply the income therefrom for one or more scholarships to be awarded to students domiciled in the province of nova scotia preferably resident in the county of queens to enter and attend dalhousie university at halifax nova scotia.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $316K | $256K | — | — | $202K | $4.6M |
| 2023 | $300K | $263K | — | — | $211K | $4.4M |
| 2022 | $337K | $220K | — | — | $166K | $4.2M |
| 2021 | $390K | $348K | — | — | $307K | $4.8M |
| 2020 | $140K | $61K | — | — | — | $4.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$290,584
- Other income$4,243
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2024
Granted $202K to 1 qualified donee:
- Dalhousie University$202K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Scotiatrust.
As listed on its 2024 return.
Check the source
Every figure on this page is from Lockward Memorial Scholarships’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 869999649RR0001), or read how we compute the receipt.