The Actuarial Foundation of Canada/la Fondation Actuarielle du Canada
Charitable organization · Ottawa, Ontario · BN 888422615RR0001 · Support of Schools and Education · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($259,509) as filed with the CRA.
The Actuarial Foundation of Canada/la Fondation Actuarielle du Canada is a charitable organization based in Ottawa, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $299K in revenue and $260K in expenditures.
Its funding that year was roughly 88% from donations. In 2024, 2 other registered charities reported granting it a combined $6,065.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 23% of peers.
It reported gifts to 13 qualified donees totalling $168K in 2024, the largest being $65K to Junior Achievement of Canada. Revenue has grown substantially over its filings on record here, from $180K in 2020 to $299K in 2024. Its filed list of directors and trustees shows 10 names.
In its own words
The afc contributed funding to other registered canadian charities and universities to develop and/or deliver programs to enhance mathematical or financial management skills. The mission of the afc is to support youth financial literacy education and careers in actuarial and mathematical sciences which is fulfilled by 1) contributing to registered canadian charities whose mission aligns with that of the afc; 2) providing funds to universities colleges and high schools to grant scholarships to deserving students and 3) granting the maple leaf research award to support a student who has co…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $299K | $260K | — | — | $168K | $417K |
| 2023 | $273K | $262K | — | — | $159K | $377K |
| 2022 | $214K | $239K | — | — | $169K | $366K |
| 2021 | $225K | $199K | — | — | $154K | $383K |
| 2020 | $180K | $168K | — | — | $133K | $190K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $168K to 13 qualified donees:
- Junior Achievement of Canada$65K
- The Verna J. Kirkness Education Foundation$15K
- Toronto Foundation for Student Success$15K
- The University of British Columbia$15K
- Girl Guides of Canada/Guides Du Canada$12K
- Université Laval$10K
- Girls to the Power of Math Foundation$10K
- Youth Science Canada / Sciences jeunesse Canada$5,000
- University of Ottawa$5,000
- The Governing Council of the University of Toronto$5,000
- Lifted Literacy and Leadership$5,000
- Canadian Mathematical Society$5,000
- Toronto District School Board$500
Received $6,065 from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Carolyn Yearwood (secretary); Scott McGaire (treasurer); Rob Stapleford (chair); Valerie Adelson (director); Mike Lombardi (director); Abid Kazmi (director); Danielle Harrison (director and vice-chair); Fabricio Naranjo (director); Jill Harper (director); Keith Walter (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Actuarial Foundation of Canada/la Fondation Actuarielle du Canada’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 888422615RR0001), or read how we compute the receipt.