River Philip Foundation
Private foundation · Oxford, Nova Scotia · BN 839190949RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($21,062,760) as filed with the CRA.
River Philip Foundation is a private foundation based in Oxford, Nova Scotia, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $12.8M in revenue and $21.1M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 380 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 15% of peers.
As a grantmaker, it reported gifts to 88 qualified donees totalling $12.6M in 2024, the largest being $3.5M to Oxford Community Centre. Revenue has grown substantially over its filings on record here, from $4.9M in 2020 to $12.8M in 2024. Its filed list of directors and trustees shows 7 names.
In its own words
Soliciting gifts bequests donations and legacies from the settlor and others and distributing funds to qualified donees.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $12.8M | $21.1M | — | — | $13.5M | $310.1M |
| 2023 | $35.9M | $24.6M | — | — | $16M | $243M |
| 2022 | $71.9M | $16M | — | — | $10M | $239.2M |
| 2021 | $133.1M | $5.3M | — | — | $4.3M | $187.9M |
| 2020 | $4.9M | $1.9M | — | — | $1.9M | $29.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$27,393,361
- Receipted donations$1,465
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 $12.6M to 88 qualified donees — largest 25 shown:
- Oxford Community Centre$3.5M
- Cape Breton University$2M
- Dalhousie University$1.8M
- Dartmouth General Hospital Charitable Foundation$1.1M
- Mount Allison University$645K
- Town of Truro Re Taac Grounds$500K
- Shorefast Foundation$500K
- Diabetes Canada Diabète Canada$315K
- Canadian Museum of Immigration at Pier 21$250K
- University of Prince Edward Island$225K
- Canada's National History Society/societe d'Histoire Nationale du Canada$205K
- The Community Foundation of Nova Scotia Society$137K
- The DR. & MRS. H. E. Christie Community Foundation$100K
- Queen Elizabeth II Health Sciences Centre Foundation Inc.$100K
- Nova Scotia Community College Foundation$100K
- Lahey Clinic Canadian Foundation$100K
- New Brunswick Youth Orchestra Inc.$52K
- Victorian Order of Nurses for Canada - Nova Scotia Branch$50K
- Valley Hospice Foundation$50K
- Gaelic College Foundation$50K
- Annapolis Valley Regional Centre for Education$50K
- BGC of Greater Halifax$30K
- The Governors of ST. Francis Xavier University$28K
- Souls Harbour Rescue Mission$25K
- Ship Hector Society$25K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
John Bragg; Verna Bragg; James Bragg; Matthew Bragg; Carolyn Bragg; Patricia Bragg; Deborah Shaffner.
As listed on its 2024 return.
Check the source
Every figure on this page is from River Philip Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 839190949RR0001), or read how we compute the receipt.