The AIMCo Foundation for Financial Education
Public foundation · Edmonton, Alberta · BN 773743281RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($529,855) as filed with the CRA.
The AIMCo Foundation for Financial Education is a public foundation based in Edmonton, Alberta, classified by the CRA under foundations advancing education. In its fiscal year ending December 31, 2024, it reported $618K in revenue and $530K in expenditures.
Its funding that year was roughly 87% from donations. In 2024, 3 other registered charities reported granting it a combined $149K.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 59% of peers. Its fundraising cost per donated dollar was lower than 89% of that peer group.
As a grantmaker, it reported gifts to 25 qualified donees totalling $462K in 2024, the largest being $45K to Wellspring Alberta. Revenue has grown substantially over its filings on record here, from $342K in 2020 to $618K in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
Community grants to registered charities and qualified donees supporting financial literacy and education in Alberta; Scholarships to students studying business finance or a related field through six Alberta post-secondary institutions. Volunteers lead the funding distribution selections process and recommendations.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $618K | $530K | — | $5,251 | $462K | $673K |
| 2023 | $531K | $416K | — | $2,813 | $388K | $585K |
| 2022 | $437K | $312K | $278K | $3,033 | — | $489K |
| 2021 | $437K | $312K | $278K | $3,033 | — | $489K |
| 2020 | $342K | $253K | $233K | $725 | — | $363K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $462K to 25 qualified donees:
- Wellspring Alberta$45K
- The Governors of the University of Alberta$40K
- YWCA Edmonton$39K
- United Way of the Alberta Capital Region$30K
- Council for The Advancement of African Canadians in Alberta$30K
- Bissell Centre$30K
- The Immigrant Education Society (ties)$28K
- Assist Community Services Centre$24K
- The Governors of The University of Calgary$20K
- Momentum Community Economic Development Society$20K
- Autism Independent Living Association$18K
- The Young Men's Christian Association of Edmonton$17K
- Junior Achievement of Southern Alberta$15K
- Junior Achievement of Northern Alberta$15K
- Carya Society of Calgary$15K
- Bow Valley College$15K
- Rainbow Literacy and Learning Society$14K
- Windmill Microlending$13K
- Project Adult Literacy Society$12K
- Board of Governors of the Southern Alberta Institute of Technology$5,000
- Northern Alberta Institute of Technology$5,000
- The Grant MacEwan University Foundation$5,000
- Hinton Adult Learning Society$3,300
- The University of Lethbridge$3,000
- Alzheimer Society of Alberta and Northwest Territories$1,800
Received $149K from 3 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Amit Prakash (director); Ian Woychuk (director); Justin Lord (director); Jean David Tremblay-Frenette (director); Suzanne Akers (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The AIMCo Foundation for Financial Education’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 773743281RR0001), or read how we compute the receipt.