The Chief Cornerstone Foundation
Private foundation · Waterloo, Ontario · BN 792921207RR0001 · Support of Religion
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($24,534,793) as filed with the CRA.
The Chief Cornerstone Foundation is a private foundation based in Waterloo, Ontario, classified by the CRA under support of religion. In its fiscal year ending December 31, 2024, it reported $25.1M in revenue and $24.5M in expenditures.
Compared with 158 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 66% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 2 qualified donees totalling $23M in 2024, the largest being $14M to New Apostolic Church Canada. Revenue has declined over its filings on record here, from $269M in 2021 to $25.1M in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
To advance christian religion by receiving and maintaining a fund or funds and applying all or part of the principal and income therefrom from time to time to qualified donees.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $25.1M | $24.5M | — | — | $23M | $361.3M |
| 2023 | $102.9M | $8.3M | — | — | $6.8M | $351.1M |
| 2022 | -$7.7M | $6M | — | — | $5M | $236M |
| 2021 | $269M | $569K | — | — | — | $267.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$20,377,403
- Receipted donations$34,713
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, 2024
Granted $23M to 2 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Mark Woll (director); Frank Dzur (director); Jonathan Sturm (director); Arnaud Martig (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Chief Cornerstone Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 792921207RR0001), or read how we compute the receipt.