Loran Scholars Foundation
Charitable organization · Etobicoke, Ontario · BN 855132643RR0001 · Support of Schools and Education · website
Source: T3010 return, FPE 2024-04-30. Split of total expenditures ($5,027,682) as filed with the CRA.
Loran Scholars Foundation is a charitable organization based in Etobicoke, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending April 30, 2024, it reported $5.8M in revenue and $5M in expenditures.
Its funding that year was roughly 26% from donations, 63% from other charities. In 2024, 37 other registered charities reported granting it a combined $2.2M.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 49% of peers. Its highest-paid position fell in the $200,000–249,999 range. The charity reported 15 permanent full-time positions.
It reported gifts to 35 qualified donees totalling $256K in 2024, the largest being $14K to Imagine Canada. Revenue has grown substantially over its filings on record here, from $3.2M in 2020 to $5.8M in 2024. Its filed list of directors and trustees shows 19 names.
In its own words
We identify recognize and reward well-rounded graduating high school and cegep students who demonstrate character leadership and a commitment to the community by awarding university scholarships to chosen individuals. Application forms for our awards are sent to all high schools and cegeps across canada. We provide our receipents with enriching opportunities such as mentorships and summer experiences.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $5.8M | $5M | $4M | $346K | $256K | $21.5M |
| 2023 | $5.6M | $4.6M | $3.8M | $281K | $215K | $19.8M |
| 2022 | $4.3M | $3.8M | $3M | $287K | $222K | $18M |
| 2021 | $7M | $3.8M | $3.2M | $273K | — | $17.2M |
| 2020 | $3.2M | $3.4M | $2.8M | $203K | — | $12.9M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $256K to 35 qualified donees — largest 25 shown:
- Imagine Canada$14K
- LEAP Pecaut Centre for Social Impact$14K
- THS Society of Transition Houses$14K
- The Governors of The University of Calgary$10K
- The Governors of The University of Calgary$10K
- Windmill Microlending$10K
- Pembina Institute for Appropriate Development$10K
- People for Education$7,000
- Ecology Action Centre$7,000
- University Health Network$7,000
- Canadian Institute of Reading Recovery$7,000
- Home of the Guardian Angel$7,000
- Canada West Foundation$7,000
- Fondation Canadienne Francaise D Aide Culturelle de la Colombie Britannique$7,000
- Champney's West Heritage Group Inc.$7,000
- Women's Economic Council$7,000
- Village Community Foundation$7,000
- York Region Food Network$7,000
- Hope Blooms Youth Social Entrepreneurial Ventures Inc.$7,000
- Toronto Green Community Inc.$7,000
- Yo Bro Yo Girl Youth Initiative Society$7,000
- The Vanier Institute of the Family$7,000
- A Charitable Society$7,000
- Women's Shelters Canada$7,000
- Praxis Foundation$5,000
Received $2.2M from 37 charities:
- The Ralph M. Barford Foundation$450K
- Judy and Wilmot Matthews Foundation$400K
- Hewitt Foundation$204K
- RBC Foundation$145K
- The Northpine Foundation$100K
- The Henry White Kinnear Foundation$100K
- Sauvé Foundation$100K
- Hamilton Community Foundation$85K
- Temerty Foundation$80K
- The Azrieli Foundation$75K
- The Molson Foundation/fondation Molson$50K
- The Bruce H. Mitchell Foundation$50K
- BenefAction Foundation$45K
- Charitable Gift Funds Canada Foundation$31K
- The Johnston Family Foundation$28K
- Clarus Foundation$25K
- The William and Nona Heaslip Foundation$25K
- R. Howard Webster Foundation$25K
- Weston Family Foundation$25K
- The Michael and Sonja Koerner Charitable Foundation$25K
- The Connor Clark & Lunn Foundation$25K
- Burgundy Legacy Foundation$20K
- Canadian Medical Foundation$13K
- The Anderson Family Foundation$10K
- The Birch Island Foundation$10K
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $200,000–249,9991 position
- $120,000–159,9991 position
- $80,000–119,9993 positions
- $40,000–79,9995 positions
- Permanent full-time positions15
- Total compensation, all staff$1.5M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Charles Achampong (director); Mark Angelo (director); Alexandra Conliffe (director); Adrienne Dipaolo (director); George Georghiades (director); Jonathan Goodman (director); Catherine Graham (past chair); Kelsey Gunderson (director); Heather Hines (director); Melissa Howatson (treasurer); Michael Johnston (chair); Rhonda Lenton (director); Alex Mazer (director); Deepak Ramachandran (director); Susan Scace (director); Ian Sunderland (director); Camilla Sutton (director); Douglas Winslow (director); Bruce Wright (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Loran Scholars Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 855132643RR0001), or read how we compute the receipt.