Shad Canada
Publicly funded institution · Waterloo, Ontario · BN 118830025RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2024-10-31. Split of total expenditures ($15,013,384) as filed with the CRA.
Shad Canada is a charitable organization based in Waterloo, Ontario, classified by the CRA under teaching institutions. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending October 31, 2024, it reported $15.1M in revenue and $15M in expenditures.
Its funding that year was roughly 5% from donations, 10% from government, 15% from other charities. In 2024, 18 other registered charities reported granting it a combined $1.1M.
Compared with 733 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 57% of peers. Its highest-paid position fell in the $350,000 and over range. The charity reported 24 permanent full-time positions.
It reported gifts to 3 qualified donees totalling $1,400 in 2024, the largest being $800 to Carleton University. Revenue has grown substantially over its filings on record here, from $3.1M in 2020 to $15.1M in 2024. Its filed list of directors and trustees shows 13 names.
In its own words
Live in residence education program with a steam based focus for grade 10 and 11 high school students.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $15.1M | $15M | $13.5M | — | $1,400 | $4.2M |
| 2023 | $12.3M | $12M | $10.7M | — | $250 | $4.1M |
| 2022 | $9.6M | $10.2M | $9M | — | $609 | $3.9M |
| 2021 | $6.6M | $5.6M | $4.4M | — | $2,100 | $4.4M |
| 2020 | $3.1M | $3.1M | $2.9M | — | $853 | $3.4M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1,400 to 3 qualified donees:
Received $1.1M from 18 charities:
- RBC Foundation$375K
- Canadian Online Giving Foundation$279K
- The Peter Gilgan Foundation$100K
- The Trottier Family Foundation/la Fondation Familiale Trottier$100K
- The McCain Foundation$50K
- The Hebel Family Foundation$50K
- Astley Family Foundation$50K
- Aqueduct Foundation$33K
- Hodgson Family Foundation$20K
- Waterloo Region Community Foundation$16K
- Kanovsky Family Foundation$10K
- Nicola Wealth Private Giving Foundation$7,000
- The Brophy Family Foundation$5,000
- Charitable Gift Funds Canada Foundation$5,000
- GiftPact Foundation Inc.$5,000
- The Joan and Regis Duffy Foundation$5,000
- Canadahelps Canadon$2,677
- London Community Foundation$500
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $350,000 and over1 position
- $200,000–249,9992 positions
- $160,000–199,9993 positions
- $120,000–159,9993 positions
- $80,000–119,9991 position
- Permanent full-time positions24
- Total compensation, all staff$3.5M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
David Brennan (director); Simone Cavanaugh (director); Jessica Cohen (director); Tim Jackson (ceo); Dylan Jones (director); Paul Ledwell (director); Patrick Lor (director); Jennifer Stott (chair); Shawna Pandya (director); Sarah Gauthier (director); Katharine Bambrick (director); Gary Zimmerman (director); Twinkle Mehta (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Shad Canada’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118830025RR0001), or read how we compute the receipt.