Raindrop Foundation
Private foundation · Vancouver, British Columbia · BN 890975774RR0001 · Foundations
Source: T3010 return, FPE 2024-02-28. Split of total expenditures ($1,250,488) as filed with the CRA.
Raindrop Foundation is a private foundation based in Vancouver, British Columbia, classified by the CRA under foundations. In its fiscal year ending February 28, 2024, it reported $431K in revenue and $1.3M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 58% from donations.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 90% of peers.
As a grantmaker, it reported gifts to 10 qualified donees totalling $1.3M in 2024, the largest being $1M to The Governing Council of the Salvation Army in Canada/conseil de Direction de l'Armée du Salut du Canada. Its filed list of directors and trustees shows 3 names.
In its own words
Evaluate new and old requests for funding from charitable organizations. This include reading annual reports and having discussions with employees of various charities. Discuss the strategies and fund requirements for new and ongoing projects.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $431K | $1.3M | — | — | $1.3M | $3.3M |
| 2023 | $1.2M | $1.3M | — | — | $1.3M | $4.1M |
| 2022 | $703K | $76K | — | — | $75K | $4.2M |
| 2021 | $188K | $277K | — | — | $275K | $3.6M |
| 2020 | $425K | $135K | — | — | $135K | $3.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1.3M to 10 qualified donees:
- The Governing Council of the Salvation Army in Canada/conseil de Direction de l'Armée du Salut du Canada$1M
- BC Cancer Foundation$100K
- Union Gospel Mission$25K
- Change the World Foundation$25K
- Bill Reid Foundation$25K
- Greater Vancouver Food Bank Society$15K
- Covenant House Vancouver$15K
- Audain Art Museum Foundation$10K
- The Arthritis Research Centre Society of Canada$10K
- The Nature Conservancy of Canada$5,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Charles Young (president and chair); Dale Young (secretary); Mary Young (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Raindrop Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 890975774RR0001), or read how we compute the receipt.