Mortgage Professionals Canada Foundation
Public foundation · Concord, Ontario · BN 872733217RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-04-30. Split of total expenditures ($3,479) as filed with the CRA.
Mortgage Professionals Canada Foundation is a public foundation based in Concord, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending April 30, 2024, it reported $104K in revenue and $3,479 in expenditures.
Its funding that year was roughly 98% from donations.
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. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 1 qualified donee totalling $500 in 2024, the largest being $500 to The Princess Margaret Cancer Foundation. Revenue has grown substantially over its filings on record here, from $729 in 2020 to $104K in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
The foundation is committed: a) to the advancement of education including knowledge of financial literacy and responsible consumer borrowing; b) to the funding of scholarships prizes research grants and other financial assistance to secondary or post-secondary school students; c) to support the advancement of teaching methods and tools through initiatives such as research education and the develpment of publications; d) to assit other charitable organizations which carry on similar education objectives.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $104K | $3,479 | — | — | $500 | $147K |
| 2023 | $134K | $119K | — | — | $114K | $46K |
| 2022 | $66K | $63K | — | — | $55K | $31K |
| 2021 | — | $24K | — | — | $15K | $27K |
| 2020 | $729 | $2,759 | — | — | — | $52K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $500 to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Barbara Cook (vice-chair); Joe Jacobs (chair); Kuljit Singh (treasurer); Maxime Stencer (secretary).
As listed on its 2024 return.
Check the source
Every figure on this page is from Mortgage Professionals Canada Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 872733217RR0001), or read how we compute the receipt.