The Canadian Foundation for Economic Education
Publicly funded institution · Toronto, Ontario · BN 119218998RR0001 · Support of Schools and Education · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($1,774,362) as filed with the CRA.
The Canadian Foundation for Economic Education is a charitable organization based in Toronto, Ontario, classified by the CRA under support of schools and education. 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 March 31, 2024, it reported $1.5M in revenue and $1.8M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 47% from donations, 52% from government. Government funding is the majority of its budget. In 2024, 4 other registered charities reported granting it a combined $75K.
Compared with 1,247 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 6% of peers. Its highest-paid position fell in the $200,000–249,999 range. The charity reported 8 permanent full-time positions.
Its filed list of directors and trustees shows 16 names.
In its own words
Talk with our Kids about Money - encourages and supports parents guardians and teachers to start or continue talks with your kids about money Money and Youth - a financial literacy guide focusing on decision making values setting goals earning income; employment and self-employment budgeting and planning DayPlanner for Newcomers to Canada - a resource to help newcomers to Canada easily acquire information knowledge and links
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.5M | $1.8M | $1M | — | — | $1.1M |
| 2023 | $2.1M | $1.8M | $1.1M | — | — | $1.2M |
| 2022 | $2M | $2.1M | $1.4M | — | — | $929K |
| 2021 | $1.8M | $1.6M | $987K | — | — | $1M |
| 2020 | $1.8M | $1.7M | $1M | — | — | $848K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $75K from 4 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $200,000–249,9991 position
- $80,000–119,9991 position
- $40,000–79,9992 positions
- $1–39,9994 positions
- Permanent full-time positions8
- Total compensation, all staff$515K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Prakash Amarasooriya (director); Michel Branchaud (director); Jeremy Fleming (director); Trevor Krahn (director); Denis Leclerc (director); William McNamara (director); Susan Moellers (director); Steve Petherbridge (director); John Platt (chair); Tom Prins (director); Rene Vezina (director); Gary Rabbior (president & ceo); Corinne Prince (director); Daryl Rock (director); Jane Rooney (director); Lawrence Schembri (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Canadian Foundation for Economic Education’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119218998RR0001), or read how we compute the receipt.