Okanagan College Foundation
Public foundation · Kelowna, British Columbia · BN 862488194RR0001 · Foundations Advancing Education · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($2,291,586) as filed with the CRA.
Okanagan College Foundation is a public foundation based in Kelowna, British Columbia, classified by the CRA under foundations advancing education. In its fiscal year ending March 31, 2024, it reported $4.9M in revenue and $2.3M in expenditures.
Its funding that year was roughly 36% from donations, 24% from other charities. In 2024, 33 other registered charities reported granting it a combined $1.4M.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 45% of peers. Its highest-paid positions fell in the $80,000–119,999 range (3 positions in that band).
As a grantmaker, it reported gifts to 2 qualified donees totalling $885K in 2024, the largest being $794K to Okanagan College. Its filed list of directors and trustees shows 17 names.
In its own words
The purpose of the okanagan college foundation is to solicit promote and otherwise encourage bequests donations gifts endowments funds and other property in order to: -futher goals objectives and strategic interests of okanagan college to help provide post secondary education in canada -disburse scholarships and bursaries to students and disburse donations for other college programs (I.e. Research buildings)
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $4.9M | $2.3M | $1M | $327K | $885K | $29.1M |
| 2023 | $4.3M | $1.7M | $957K | $130K | $550K | $26.1M |
| 2022 | $3.6M | $1.8M | $788K | $162K | $783K | $24.1M |
| 2021 | $5.6M | $2.6M | $934K | $148K | $1.4M | $22.4M |
| 2020 | $5.1M | $1.7M | $930K | $202K | $563K | $17.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $885K to 2 qualified donees:
Received $1.4M from 33 charities:
- Sonrise Foundation$250K
- Torgerson Foundation$200K
- Commonage Legacy Foundation$200K
- Okanagan College$159K
- Canadahelps Canadon$75K
- Canadahelps Canadon$75K
- Vancouver Foundation$70K
- Charitable Gift Funds Canada Foundation$58K
- Central Okanagan Foundation$52K
- BenefAction Foundation$50K
- Foord Family Foundation$45K
- Community Foundation of the North Okanagan$25K
- The Merrifield Family Foundation$20K
- Community Foundation of the South Okanagan Similkameen$15K
- The Calgary Foundation$15K
- Rotary Club of Kelowna Foundation$15K
- Sovereign Order of St. John of Jerusalem Knights Hospitaller Foundation (Okanagan Commandery)$10K
- Shuswap Community Foundation$7,761
- Nicola Wealth Private Giving Foundation$7,000
- Canadian Online Giving Foundation$6,809
- The Foundation Office.ca$5,000
- Rogers' Family Charitable Trust$5,000
- Doane Grant Thornton Foundation$5,000
- The KPMG Foundation/la Fondation KPMG$4,500
- Chartered Professional Accountants' Education Foundation of British Columbia$2,500
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9993 positions
- Total compensation, all staff$205K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Suzanne Beaudry (director); Leneigh Bosdet (director); Connie Denesiuk (director); Neil Fassina (director); Kelly Chapman (director); Brian Draper (director); Sheri Hamilton (vice-chair); Brea Lake (director); Michael Hooker (director); Virginia Manning (vice-chair); Anne Marie Meehan (vice-chair); Curtis Morcom (treasurer); Dale Safinuk (director); Katie Newman (chair); Matthew Nye (director); Ramesh Rikhi (director); Marieze Tarr (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Okanagan College Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 862488194RR0001), or read how we compute the receipt.