Morningstar Foundation
Publicly funded institution · Vancouver, British Columbia · BN 889663043RR0001 · Teaching Institutions
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($2,001,003) as filed with the CRA.
Morningstar Foundation is a private foundation based in Vancouver, British Columbia, classified by the CRA under teaching institutions. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending March 31, 2024, it reported $18.6M in revenue and $2M in expenditures.
Compared with 733 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 76% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 23 qualified donees totalling $1.9M in 2024, the largest being $500K to Canada's Walk of Fame. Revenue has grown substantially over its filings on record here, from $162K in 2020 to $18.6M in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
During the fiscal period programs were carried out through grants to qualified donees in support of education religious and humanitarian activities.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $18.6M | $2M | — | — | $1.9M | $39M |
| 2023 | $6.4M | $2.3M | — | — | $2.1M | $27M |
| 2022 | $263K | $1.7M | — | — | $1.6M | $25.5M |
| 2021 | $4.9M | $2.2M | — | — | $2.1M | $27.2M |
| 2020 | $162K | $982K | — | — | $795K | $20.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1.9M to 23 qualified donees:
- Canada's Walk of Fame$500K
- Message Trust Canada Foundation$418K
- A Rocha Canada$250K
- Coastal Church$140K
- Apostolic Church of Pentecost of Canada Incorporated$138K
- The Pentecostal Assemblies of Canada/les Assemblees de la Pentecote du Canada$75K
- Broadway Pentecostal Church$70K
- Eaglemont Christian Church$50K
- Resurrection Recovery Resource Society$30K
- Ratanak International$30K
- Prison Fellowship of Canada$30K
- Alpha Ministries Canada$25K
- Union Gospel Mission$20K
- Music for Life Institute$20K
- Ministers Network Canada$20K
- Child of Mine Society$20K
- Jesus Alive Gospel Outreach Canada$20K
- The Governing Council of the Salvation Army in Canada$10K
- Karis Support Society$10K
- Evangel Tabernacle of Kelowna$10K
- The Damascus Road Foundation$10K
- CityGate Leadership Forum Society$5,000
- Morningstar International Society$3,500
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Maureen Chant (director and treasurer); Cynthia Lambier (director and secretary); Clark Hollands (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Morningstar Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 889663043RR0001), or read how we compute the receipt.