Perimeter Institute
Charitable organization · Waterloo, Ontario · BN 889814323RR0001 · Foundations Advancing Education · website
Source: T3010 return, FPE 2024-07-31. Split of total expenditures ($39,670,837) as filed with the CRA.
Perimeter Institute is a charitable organization based in Waterloo, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending July 31, 2024, it reported $81.2M in revenue and $39.7M in expenditures.
Its funding that year was roughly 21% from government. In 2024, 18 other registered charities reported granting it a combined $7M.
Compared with 74 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 54% of peers. Its highest-paid positions fell in the $350,000 and over range (9 positions in that band). The charity reported 191 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $29.9M in 2020 to $81.2M in 2024.
In its own words
To establish equip staff maintain and operate a research institute for the purpose of undertaking research primarily with respect to theoretical physics (including but not limited to: Mathematical Physics Quantum Information Quantum Foundations Quantum Gravity Quantum Fields and Strings Particle Physics Quantum Matter Cosmology and Strong Gravity). To undertake public education programs in the area of theoretical mathematical physics and to promote scientific and mathematical literacy generally through formal educational programs developed for students teachers and members of the …
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $81.2M | $39.7M | $35.7M | $1.4M | — | $484.6M |
| 2023 | $59M | $36.3M | $31.5M | $2M | — | $443M |
| 2022 | $15.7M | $31M | $26.8M | $1.6M | — | $420.3M |
| 2021 | $67M | $29.4M | $25.5M | $1.4M | — | $435.6M |
| 2020 | $29.9M | $33.6M | $30.1M | $1.4M | — | $398M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $7M from 18 charities:
- The Lazaridis Family Foundation$3.4M
- Riddell Family Charitable Foundation$1.1M
- The Krembil Foundation$800K
- Riddell Family Charitable Foundation$500K
- BT Sullivan Family Foundation$500K
- The Daniel Family Foundation$250K
- Ptarmigan Charitable Foundation$100K
- BenefAction Foundation$60K
- The Cowan Foundation$50K
- Airlie Foundation$50K
- The John and Deborah Harris Family Foundation$50K
- Canadian Online Giving Foundation$41K
- Aqueduct Foundation$20K
- The Cowan Foundation$15K
- Charitable Gift Funds Canada Foundation$15K
- The Savvas Chamberlain Family Foundation$5,000
- The BFMI Sesquicentennial Trust (2017)$2,000
- Canadahelps Canadon$1,917
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $350,000 and over9 positions
- $300,000–349,9991 position
- Permanent full-time positions191
- Total compensation, all staff$26M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Check the source
Every figure on this page is from Perimeter Institute’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 889814323RR0001), or read how we compute the receipt.