Reader's Digest Foundation of Canada
Private foundation · Montreal, Quebec · BN 887281392RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($28,413) as filed with the CRA.
Reader's Digest Foundation of Canada is a private foundation based in Montreal, Quebec, classified by the CRA under foundations advancing education.
Compared with 441 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 45% of peers.
As a grantmaker, it reported gifts to 5 qualified donees totalling $26K in 2024, the largest being $10K to The Humber College Institute of Technology and Advanced Learning. Its filed list of directors and trustees shows 3 names.
In its own words
The readers digest foundation contributes financially to the support of university-level journalism education as well as national organizations directly involved in advancing fundamental jounalistic principles and standards. In addition the foundation also has a matching donations' program for the employees' favorite charities as long as it is a canadian registered charity with a registration number for non-taxable donations.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | — | $28K | $1,087 | — | $26K | $6,983 |
| 2023 | $110K | $108K | $28K | — | $76K | $110K |
| 2022 | $110K | $121K | $35K | — | $83K | $109K |
| 2021 | $110K | $106K | $29K | — | $72K | $120K |
| 2020 | $110K | $93K | $34K | — | $55K | $116K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $26K to 5 qualified donees:
- The Humber College Institute of Technology and Advanced Learning$10K
- The Sheridan College Institute of Technology and Advanced le$8,000
- The Narwhal News Society$7,000
- Centraide Du Grand Montréal$1,137
- Dépôt alimentaire NDG$50
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Corinne Hazan (director); Marcellus Visser (director); Mark Hebert (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Reader's Digest Foundation of Canada’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 887281392RR0001), or read how we compute the receipt.