Max Bell Foundation
Private foundation · Calgary, Alberta · BN 119034924RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($5,912,427) as filed with the CRA.
Max Bell 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 $6.1M in revenue and $5.9M 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 37% of peers. Its highest-paid position fell in the $200,000–249,999 range. The charity reported 5 permanent full-time positions.
As a grantmaker, it reported gifts to 47 qualified donees totalling $3.4M in 2024, the largest being $1.6M to Royal Institution for the Advancement of Learning.
In its own words
We make gifts to qualfied donees including: 1. Universities/colleges 2. Hospitals 3. Research institutes 4. Local service deliveries 5. National service deliveries. We occasionally make grants to non-qualified donees we also deliver a professional development program for registered charities
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $6.1M | $5.9M | $1.4M | — | $3.4M | $103.9M |
| 2023 | $7.2M | $4.4M | $1M | — | $2.7M | $97.6M |
| 2022 | $6.9M | $3.5M | $762K | — | $2M | $91.1M |
| 2021 | $4.5M | $4.2M | — | — | $2.5M | $98.4M |
| 2020 | $5M | $1.4M | — | — | — | $87.2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $3.4M to 47 qualified donees — largest 25 shown:
- Royal Institution for the Advancement of Learning$1.6M
- Simon Fraser University$206K
- Toronto Metropolitan University$158K
- Prosper Canada$152K
- The Governors of The University of Calgary$151K
- The University of Western Ontario$120K
- National Music Centre$100K
- Farmers for Climate Solutions$95K
- York University$90K
- Canadian Institute for Advanced Research$87K
- Windmill Microlending$70K
- University of Ottawa$57K
- Martin Family Initiative$55K
- Sage Seniors Association$47K
- Institute for Research on Public Policy/l'institut de Recherche en Politiques Publiques$45K
- Momentum Community Economic Development Society$38K
- Janeway Children's Hospital Foundation$37K
- Islamic Family and Social Services$31K
- Ontario Physical and Health Education Association$27K
- Canadian Education Association/association Canadienne d'Education$27K
- Yellowstone to Yukon Conservation Initiative Foundation$25K
- Physical and Health Education Canada$20K
- The Natural Step (canada) Inc$19K
- C.D. Howe Institute$16K
- Family Enterprise Foundation$15K
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
- $80,000–119,9994 positions
- Permanent full-time positions5
- Total compensation, all staff$661K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Check the source
Every figure on this page is from Max Bell Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119034924RR0001), or read how we compute the receipt.