Seminary Loan Fund
Public foundation · Montreal, Quebec · BN 870713047RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($453,757) as filed with the CRA.
Seminary Loan Fund is a public foundation based in Montreal, Quebec, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $428K in revenue and $454K in expenditures.
Its funding that year was roughly 50% from donations, 50% from other charities. In 2024, 11 other registered charities reported granting it a combined $183K.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 75% of peers. Its fundraising cost per donated dollar was lower than 78% of that peer group.
As a grantmaker, it reported gifts to 9 qualified donees totalling $183K in 2024, the largest being $81K to Kolel of Congregation Chaside Belz Umachzike Hadasz. Revenue has grown substantially over its filings on record here, from $100 in 2020 to $428K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The charity distributes food and aid to the needy the charity provide loans and bursaries to students to futher their studies
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $428K | $454K | $244K | $7,620 | $183K | $90K |
| 2023 | $569K | $648K | $259K | $17K | $364K | $116K |
| 2022 | $495K | $324K | $192K | $1,315 | $124K | $195K |
| 2021 | — | $60 | — | — | — | $24K |
| 2020 | $100 | $59 | — | — | — | $24K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $183K to 9 qualified donees:
- Kolel of Congregation Chaside Belz Umachzike Hadasz$81K
- College Beth Jacob pour les Enseignants Inc./beth Jacob Teachers' College Inc.$34K
- VMM Zichron Chaim Charity$31K
- Synagogue Keser Torah inc. / Keser Torah Synagogue inc.$15K
- Jewish Niagara$13K
- Hatzolas Yisroel D'Arizal$4,000
- Gruen Ohr Somayach congregation$2,000
- L'Association Des Femmes Bikur Cholim Canadienne Du Québec/ Bikur Cholim Ladies Association$1,150
- Mifalei Chaim Bechesed (MCB)$1,000
Received $183K from 11 charities:
- College Beth Jacob pour les Enseignants Inc./beth Jacob Teachers' College Inc.$96K
- Hatzolas Yisroel D'Arizal$37K
- Jewish Community Foundation of Montreal$33K
- Zion Free Reformed Church$11K
- The Shrage Zimmerman Memorial Fund$2,720
- Ezras Menachem Avrohom Loan Fund$900
- Zichron David and Pesie Grunberger Fund$540
- Fondation EBS/EBS Foundation$500
- Heitner Charitable Foundation$360
- Zichron David and Pesie Grunberger Fund$257
- Michael Rosenberg Charity Foundation$18
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Motti Basch (vice-president); David Tzvi Schecter (secretary-treasurer); Joseph Treisser (president).
As listed on its 2024 return.
Check the source
Every figure on this page is from Seminary Loan Fund’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 870713047RR0001), or read how we compute the receipt.