RBC Foundation
Private foundation · Toronto, Ontario · BN 892704859RR0001 · Foundations
Source: T3010 return, FPE 2024-10-31. Split of total expenditures ($86,545,655) as filed with the CRA.
RBC Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending October 31, 2024, it reported $98.9M in revenue and $86.5M in expenditures.
Its funding that year was roughly 87% from donations. In 2024, 1 other registered charity reported granting it a combined $2.
Compared with 380 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 94% of peers.
As a grantmaker, it reported gifts to 1,384 qualified donees totalling $86.1M in 2024, the largest being $2M to United Way of Greater Toronto. Its filed list of directors and trustees shows 8 names.
In its own words
To receive and transfer funds to other charities registered under the income tax act or 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 | $98.9M | $86.5M | — | — | $86.3M | $69M |
| 2023 | $82.2M | $79.9M | — | — | $79.7M | $56.7M |
| 2022 | $64.5M | $70.8M | — | — | $70.5M | $54.4M |
| 2021 | $75.4M | $70.8M | — | — | $70.5M | $60.6M |
| 2020 | $70.2M | $70.9M | — | — | $70.7M | $56M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $86.1M to 1,384 qualified donees — largest 25 shown:
- United Way of Greater Toronto$2M
- Pathways to Education Canada/Passeport pour ma réussite Canada$1.3M
- Canadian Olympic Foundation/ Fondation Olympique Canadienne$1.3M
- World Wildlife Fund Canada Fonds Mondial pour la Nature Can Ada$1M
- Boys and Girls Clubs of Canada/Les repaires jeunesse du Canada$1M
- DataStream Initiative$850K
- Canadian Olympic Foundation/ Fondation Olympique Canadienne$847K
- The Nature Conservancy of Canada$775K
- Nature United/ Nature Unie$750K
- IISD Experimental Lakes Area Inc.$700K
- Centraide Du Grand Montréal$685K
- AquaAction$667K
- Universities Canada Universités Canada$643K
- Brain Canada Foundation$617K
- Chinese Canadian Museum Society of British Columbia$600K
- Children's Aid Foundation of Canada$600K
- WCS Wildlife Conservation Society Canada$500K
- The Canadian Red Cross Society$500K
- Ottawa Public Library Board$500K
- The New Brunswick Museum$500K
- Canadian Olympic Foundation/ Fondation Olympique Canadienne$500K
- ALUS Canada$500K
- Swim Drink Fish Canada$497K
- Ashoka Canada$480K
- NPower Canada$450K
Received $2 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Erica Nielsen (director); Mary Depaoli (chair); Karen McCarthy (secretary); Derek Neldner (director); Doug Guzman (director); Neil McLaughlin (director); David Schwarz (director); Andrea Barrack (executive director).
As listed on its 2024 return.
Check the source
Every figure on this page is from RBC Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 892704859RR0001), or read how we compute the receipt.