Stepping-Stone Foundation
Private foundation · Surrey, British Columbia · BN 861271252RR0001 · Foundations
Source: T3010 return, FPE 2023-12-31. Split of total expenditures ($988,160) as filed with the CRA.
Stepping-Stone Foundation is a private foundation based in Surrey, British Columbia, classified by the CRA under foundations. In its fiscal year ending December 31, 2023, it reported $224K in revenue and $988K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 2,659 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 44% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $827K in 2023, the largest being $827K to The Governing Council of the University of Toronto. Revenue has grown substantially over its filings on record here, from $73K in 2020 to $224K in 2023. Its filed list of directors and trustees shows 4 names.
In its own words
To distribute earned income to qualified donees who will distribute funds to single parents to help finance their education broaden their employment opportunities and better the socio-economic well-being of their families
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2023
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2023 | $224K | $988K | — | — | $827K | $21K |
| 2022 | $21K | $157K | — | — | $56K | $784K |
| 2021 | $119K | $84K | — | — | $74K | $921K |
| 2020 | $73K | $46K | — | — | $38K | $885K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2023
- Investment income$224,334
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, 2023
Granted $827K to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2023)
Elaine Connolly (director); Robert Geier (director); James Dunnison (director); Shirley Kamerling-Roberts (director).
As listed on its 2023 return.
Check the source
Every figure on this page is from Stepping-Stone Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 861271252RR0001), or read how we compute the receipt.