McKEAN FAMILY FOUNDATION
Private foundation · Montreal, Quebec · BN 898974555RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-07-31. Split of total expenditures ($875,170) as filed with the CRA.
McKEAN FAMILY FOUNDATION is a private foundation based in Montreal, Quebec, classified by the CRA under foundations advancing education. In its fiscal year ending July 31, 2024, it reported $556K in revenue and $875K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 3% of peers.
As a grantmaker, it reported gifts to 11 qualified donees totalling $126K in 2024, the largest being $19K to Canadian Cancer Society. Revenue has grown substantially over its filings on record here, from $224K in 2020 to $556K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The net income of the trust is to be paid out to various social and municipal organizations.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $556K | $875K | — | — | $126K | $5.2M |
| 2023 | $192K | $187K | — | — | $110K | $5.5M |
| 2022 | $156K | $79K | — | — | — | $5.6M |
| 2021 | $726K | $184K | — | — | $106K | $5.6M |
| 2020 | $224K | $261K | — | — | $121K | $5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, July 31, 2024
- Other income$290,394
- Investment income$189,291
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 $126K to 11 qualified donees:
- Canadian Cancer Society$19K
- Saint John Free Public Library$19K
- United Way Maritimes/Centraide des Maritimes$13K
- The Governing Council of the Salvation Army in Canada$13K
- Mount Allison University$13K
- The New Brunswick Museum$13K
- Sculpture Saint John$8,400
- Imperial Theatre Inc./theatre Imperial Inc.$8,400
- L'Arche Saint John Inc.$8,400
- United Way Serving Saint John Kings and Charlotte Inc.$6,300
- The University of New Brunswick$6,300
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Royal Trust Corporation of Can (trustee); Patrick Cole (director); Rachel Rae (secretary/treasurer).
As listed on its 2024 return.
Check the source
Every figure on this page is from McKEAN FAMILY FOUNDATION’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 898974555RR0001), or read how we compute the receipt.