Merit Award Bursary Program Incorporated
Charitable organization · Toronto, Ontario · BN 814537882RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-04-30. Split of total expenditures ($514,812) as filed with the CRA.
Merit Award Bursary Program Incorporated is a charitable organization based in Toronto, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending April 30, 2024, it reported $500K in revenue and $515K in expenditures.
Its funding that year was roughly 38% from donations, 52% from other charities. In 2024, 14 other registered charities reported granting it a combined $292K.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 43% of peers.
It reported gifts to 1 qualified donee totalling $60K in 2024, the largest being $60K to Toronto Foundation. Revenue has grown substantially over its filings on record here, from $250K in 2020 to $500K in 2024. Its filed list of directors and trustees shows 12 names.
In its own words
Merit award bursary program is leading contributor in student recognition and distributing financial awards to senior school students in high-needs neighbourhoods in the greater toronto area (gta).
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $500K | $515K | $347K | $22K | $60K | $181K |
| 2023 | $489K | $513K | $268K | $11K | $50K | $196K |
| 2022 | $542K | $467K | $286K | $17K | — | $319K |
| 2021 | $380K | $311K | $247K | — | — | $244K |
| 2020 | $250K | $224K | $171K | — | — | $184K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $60K to 1 qualified donee:
Received $292K from 14 charities:
- BenefAction Foundation$125K
- The Catherine and Maxwell Meighen Foundation$50K
- Canadahelps Canadon$29K
- Canadahelps Canadon$29K
- The Birch Island Foundation$25K
- CHIMP: Charitable Impact Foundation (Canada)$10K
- The Rotary Club of Toronto Philanthropic Fund$7,500
- Conam Charitable Foundation$5,000
- Toronto Foundation$3,377
- United Way of Greater Toronto$3,273
- Canadian Online Giving Foundation$2,864
- Abundance Canada$1,500
- Charitable Gift Funds Canada Foundation$1,000
- Arbor Memorial Foundation-$500
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Brian Smeenk (chairman); Penelope Stevens (director); Debra Sandomirsky (director); Peggy Hornell (director); Robin Pilkey (director); Janine Dyck (director); Robert Jenkyn (director); Avneet Jaswal (director); Richard Ivey (director); William Chinnery (director); Lasith Lansakara (director); Martin Roy (treasurer).
As listed on its 2024 return.
Check the source
Every figure on this page is from Merit Award Bursary Program Incorporated’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 814537882RR0001), or read how we compute the receipt.