M-E Squared Foundation
Private foundation · Calgary, Alberta · BN 815567789RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($16,237,176) as filed with the CRA.
M-E Squared Foundation is a private foundation based in Calgary, Alberta, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $2.9M in revenue and $16.2M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 84% of peers.
As a grantmaker, it reported gifts to 16 qualified donees totalling $16M in 2024, the largest being $12M to Loram Foundation. Revenue has grown substantially over its filings on record here, from $66K in 2020 to $2.9M in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
Mission Statement M-E Squared Foundation explores creates and provides opportunities to unleash the exponential energy of music and the environment. The Foundation makes donations to qualified donees with a focus on Music Energy and the Environment.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.9M | $16.2M | $38K | — | $16M | $21.1M |
| 2023 | $2.7M | $6M | $72K | — | $5.7M | $34.4M |
| 2022 | -$2.5M | $5.1M | — | — | $4.8M | $37.7M |
| 2021 | $5.5M | $2.3M | — | — | $2M | $45.3M |
| 2020 | $66K | $2.8M | — | — | $2.5M | $42.2M |
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$451,352
- Receipted donations$8,437
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 $16M to 16 qualified donees:
- Loram Foundation$12M
- National Music Centre$3.5M
- Carthy Foundation$131K
- Shock Trauma Air Rescue Service Foundation$125K
- Canadahelps Canadon$100K
- Calgary Young Men's Christian Association$50K
- Spruce Meadows Leg Up Foundation$40K
- Delta Waterfowl Foundation$10K
- Calgary Choral Society$5,000
- Grace Presbyterian Church of Calgary Alberta$5,000
- Ducks Unlimited Canada - Canards Illimites Canada$5,000
- Calgary Chapter Pheasants Forever Canada Society$2,500
- Canadians Sharing Locally and Globally$2,500
- Canadian International Organ Competition$2,000
- The Leighton Foundation$1,000
- Justice Centre for Constitutional Freedoms$500
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Ronald Mannix (chair); Paul Wilson (director); Freida Butcher (director); Andrew Mosker (director); Garth Jacques (president).
As listed on its 2024 return.
Check the source
Every figure on this page is from M-E Squared Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 815567789RR0001), or read how we compute the receipt.