Szocs Foundation
Private foundation · Vancouver, British Columbia · BN 864826490RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($2,644,995) as filed with the CRA.
Szocs Foundation is a private foundation based in Vancouver, British Columbia, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $1000K in revenue and $2.6M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 50% from donations.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 72% of peers. None of its ten highest-paid positions cleared $40,000. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 27 qualified donees totalling $2.5M in 2024, the largest being $1M to The Roman Catholic Bishop of Kamloops Our Lady of the Mountains Parish. Revenue has declined over its filings on record here, from $8.2M in 2020 to $1000K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The foundation paid the tuition fees of qualified individuals for the purpose of furthering their post secondary education. The payments were made pursuant to the rules and guidelines of the foundation. Also the foundation is to make gifts to ''qualified donees'' as that the term is defined by the income tax act (canada).
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1000K | $2.6M | — | — | $2.5M | $5.1M |
| 2023 | $825K | $1.6M | — | — | $1.4M | $6.7M |
| 2022 | $354K | $2.4M | — | — | $2.2M | $7.5M |
| 2021 | $814K | — | — | — | — | $9.5M |
| 2020 | $8.2M | $2.3M | $9,986 | — | $2.2M | $10.9M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $2.5M to 27 qualified donees — largest 25 shown:
- The Roman Catholic Bishop of Kamloops Our Lady of the Mountains Parish$1M
- Charities Aid Foundation Canada$476K
- The Catholic University of America$139K
- Jack.org$103K
- Jewish Federation of British Columbia$100K
- Roman Catholic Archbishop of Vancouver$94K
- Catholic Christian Outreach of Canada Inc$56K
- Roman Catholic Archbishop of Vancouver$50K
- Sanctuary Mental Health Society$50K
- The Roman Catholic Bishop of Kamloops$42K
- Universal Outreach Foundation$42K
- City in Focus Foundation$38K
- East End Boys Club Society$38K
- British Columbia's Children's Hospital Foundation$35K
- L'Arche Foundation of Greater Vancouver$35K
- VGH & Ubc Hospital Foundation$35K
- Streetohome Foundation$28K
- The Queen of Peace Monastery$26K
- Friends of the Congregation of the Oratory$13K
- Alzheimer Society of B.C.$11K
- The Kelty Patrick Dennehy Foundation$10K
- Corpus Christi College Society$10K
- The Catholic Independent Schools of Vancouver Archdiocese$7,000
- Autism Society Canada$5,000
- West Vancouver Marine Rescue Society$3,599
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $1–39,9991 position
- Permanent full-time positions1
- Total compensation, all staff$31K
Schedule 3 of its 2022 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Andy Szocs (président director); Cheryl Szocs (secretary director); Thomas Baillie (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Szocs Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 864826490RR0001), or read how we compute the receipt.