Ontario Credit Union Foundation
Public foundation · Hamilton, Ontario · BN 119067692RR0001 · Foundations Advancing Education · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($478,344) as filed with the CRA.
Ontario Credit Union Foundation is a public foundation based in Hamilton, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending December 31, 2024, it reported $523K in revenue and $478K in expenditures.
Its funding that year was roughly 25% 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 23% of peers.
As a grantmaker, it reported gifts to 36 qualified donees totalling $148K in 2024, the largest being $25K to The DUCA Impact Lab. Its filed list of directors and trustees shows 9 names.
In its own words
The foundation supports youth education and leadership. Our primary charitable activity is the cu succeed youth bursary program for financially deserving youth who have demonstrated strong community involvement.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $523K | $478K | $146K | $31K | $163K | $1.8M |
| 2023 | $578K | $379K | $104K | $31K | $105K | -$1.6M |
| 2022 | $312K | $353K | $106K | $16K | $86K | $0 |
| 2021 | $421K | $304K | $80K | $21K | $58K | $0 |
| 2020 | $362K | $278K | $82K | $9,676 | $45K | $0 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $148K to 36 qualified donees — largest 25 shown:
- The DUCA Impact Lab$25K
- YMCA of Southwestern Ontario$13K
- Fanshawe College Foundation$11K
- Family Service Kent/Services a la famille-Kent$10K
- The Lambton College Foundation$10K
- Niagara College of Applied Arts and Technology$6,934
- Friends of the Learning Disabled$6,240
- Amici Children's Camp Charity$5,400
- The Trustee Board of the Presbyterian Church in Canada$5,000
- The Young Men's Christian Association of Sault Ste. Marie$5,000
- University of Guelph$5,000
- YMCA of Simcoe/muskoka$4,000
- The Toronto Consort$3,512
- Creative and Natural Outdoor Experience Inc$3,500
- Middlesex 4-H Association$3,030
- Medeba Adventures$3,000
- Rideau Hill Camp of the United Church of Canada$2,700
- Sexual Assault Survivors' Centre Sarnia-Lambton$2,500
- Chatham Outreach for Hunger Inc.$2,500
- Huron Safe Homes for Youth$2,500
- Youth Opportunities Unlimited$2,500
- Paw Pet and Wildlife Rescue$2,500
- United Way Elgin Middlesex$2,500
- A Program for Youth$2,000
- United Church Outdoor Ministries-Hamilton Conference$1,500
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Randy Murray (chair); Frugina Ball (vice chair); Adam Kirilo (secretary treasurer); Arsenio Bonifacio (director); Chris Inniss (director); MIMI Regimbal (director); Ron Smith (director); Linda Moroz; Rhonda Taylor.
As listed on its 2024 return.
Check the source
Every figure on this page is from Ontario Credit Union Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119067692RR0001), or read how we compute the receipt.