McGregor Young Foundation
Private foundation · Victoria, British Columbia · BN 851253930RR0001 · Foundations
Source: T3010 return, FPE 2021-05-31. Split of total expenditures ($645,970) as filed with the CRA.
McGregor Young Foundation is a private foundation based in Victoria, British Columbia, classified by the CRA under foundations. In its fiscal year ending May 31, 2021, it reported $54K in revenue and $646K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,278 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 72% of peers.
As a grantmaker, it reported gifts to 7 qualified donees totalling $640K in 2021, the largest being $500K to Haven Foundation. Its filed list of directors and trustees shows 3 names.
In its own words
The foundation is dedicated to improving the quality of life in our community by maintaining permanent funds and other gifts and by making gifts to other 'qualified donees' as defined in the income tax act (canada).
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2021
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2021 | $54K | $646K | — | — | $640K | $0 |
| 2020 | $66K | $104K | — | — | $98K | $592K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, May 31, 2021
- Investment income$2,871
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, 2021
Granted $640K to 7 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2021)
Julian Young (chair); William Erving (secretary); Jane Olynyk (treasurer).
As listed on its 2021 return.
Check the source
Every figure on this page is from McGregor Young Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 851253930RR0001), or read how we compute the receipt.