Ostermann Oel Foundation
Private foundation · Calgary, Alberta · BN 765473095RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($22,450) as filed with the CRA.
Ostermann Oel Foundation is a private foundation based in Calgary, Alberta, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $13K in revenue and $22K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 80% of peers.
As a grantmaker, it reported gifts to 3 qualified donees totalling $15K in 2024, the largest being $5,000 to Bethany Care Society. Revenue has declined over its filings on record here, from $110K in 2020 to $13K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The Foundation supports rural communities in Alberta as well and educations institutions that focus on agricultural knowledge and practices and programs that support individuals that may require assistance. In the past we project provided funds to the Mountain View Food Bank Olds College The St. Francis Retreat Centre for their addictions treatment program and St. Agnes Church to support the local community.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $13K | $22K | $7,450 | $0 | $15K | $621K |
| 2023 | $13K | $22K | — | — | $15K | $541K |
| 2022 | $14K | $22K | — | — | $15K | $498K |
| 2021 | $19K | $19K | — | — | $12K | $566K |
| 2020 | $110K | $14K | — | — | $9,000 | $506K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$13,021
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2024
Granted $15K to 3 qualified donees:
- Bethany Care Society$5,000
- Our Lady of the Rockies Roman Catholic Parish$5,000
- Olds College$5,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Joseph Ostermann (treasurer); Deborah Ostermann (secretary); William Ostermann (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Ostermann Oel Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 765473095RR0001), or read how we compute the receipt.