Margaret and Wallace McCain Family Foundation Inc
Private foundation · Toronto, Ontario · BN 893005249RR0001 · Foundations · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($2,225,161) as filed with the CRA.
Margaret and Wallace McCain Family Foundation Inc is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $2.2M in revenue and $2.2M in expenditures.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 44% of peers. Its highest-paid position fell in the $160,000–199,999 range. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 9 qualified donees totalling $1.5M in 2024, the largest being $250K to The Governing Council of the University of Toronto. Revenue has declined over its filings on record here, from $3.3M in 2020 to $2.2M in 2024. Its filed list of directors and trustees shows 8 names.
In its own words
In 2024 MWMFF continues to promote focus on early learning expansion as aligned to and an extension of public education. It is also continuing to monitor and document the implementation of Canada-Wide Early Learning and Child Care agreements across provinces and territories and the upcoming federal legislation.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.2M | $2.2M | $409K | — | $1.5M | $43.4M |
| 2023 | $2.2M | $2.1M | $286K | — | $1.5M | $40M |
| 2022 | $3.9M | $1.1M | $193K | — | $575K | $39.2M |
| 2021 | $2.5M | $1.5M | $811K | — | $500K | $39.9M |
| 2020 | $3.3M | $1.7M | $712K | — | $725K | $31.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1.5M to 9 qualified donees:
- The Governing Council of the University of Toronto$250K
- Early Childhood Education - Research Policy Action$250K
- Building Blocks for Child Care$200K
- The Conversation Canada.$150K
- Université de Montréal$150K
- Mount Saint Vincent University$150K
- The University of New Brunswick$150K
- Young Women's Christian Association of Halifax$100K
- The Prosperity Project$73K
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $160,000–199,9991 position
- Permanent full-time positions1
- Total compensation, all staff$183K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Margaret McCain (chair emeritia); J. Scott McCain (chair); Michael McCain (vice president); Martha McCain (vice president); Lyn Baptist (director); Carol Loughrey (director); Ramona Lumpkin (director); John Petch (corp secretary & exec director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Margaret and Wallace McCain Family Foundation Inc’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 893005249RR0001), or read how we compute the receipt.