Quarrywood Foundation
Private foundation · Toronto, Ontario · BN 810126169RR0001 · Foundations
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($406,128) as filed with the CRA.
Quarrywood Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending June 30, 2024, it reported $61K in revenue and $406K 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 64% of peers.
As a grantmaker, it reported gifts to 9 qualified donees totalling $398K in 2024, the largest being $86K to The Governing Council of the University of Toronto. Its filed list of directors and trustees shows 1 name.
In its own words
To provide funds to 'qualified donees' as defined in the income tax act
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $61K | $406K | — | — | $398K | $331K |
| 2023 | $552K | $515K | — | — | $508K | $676K |
| 2022 | $69K | $1.7M | — | — | $1.7M | $639K |
| 2021 | $4,321 | $389K | — | — | $373K | $2.3M |
| 2020 | $69K | $665K | — | — | $641K | $2.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, June 30, 2024
- Investment income$15,284
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 $398K to 9 qualified donees:
- The Governing Council of the University of Toronto$86K
- Alpine Canada$75K
- Century Initiative / Initiative du Siecle$75K
- The Governors of the University of Alberta$68K
- Sinai Health Foundation$40K
- Vancouver Foundation$25K
- Children's Aid Foundation of Canada$10K
- United Way of Greater Toronto$10K
- Queen's University at Kingston$9,200
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Mark Wiseman (president).
As listed on its 2024 return.
Check the source
Every figure on this page is from Quarrywood Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 810126169RR0001), or read how we compute the receipt.