The Class Afloat Foundation
Charitable organization · Lunenburg, Nova Scotia · BN 813015302RR0001 · Support of Schools and Education · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($168,045) as filed with the CRA.
The Class Afloat Foundation is a charitable organization based in Lunenburg, Nova Scotia, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $128K in revenue and $168K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 100% 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 99% of peers. Its fundraising cost per donated dollar was lower than 100% of that peer group.
Its filed list of directors and trustees shows 3 names.
In its own words
The Class Afloat Foundation provides scholarship support to students who require financial assistance to participate in experiential education programs – in particular Class Afloat a 40 year old world leading experiential education program that allows young people to study while they sail a tall ship.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $128K | $168K | $168K | $0 | $168K | $803 |
| 2023 | $91K | $80 | $90K | — | $0 | $5,634 |
| 2022 | $128K | $168K | $168K | — | — | $41K |
| 2021 | $4,970 | $0 | — | — | — | $45K |
| 2020 | $152K | $141K | $140K | $0 | — | $41K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Directors & trustees (2024)
Chris Trow (chairperson); Scott Spring (treasurer); David Jones (secretary).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Class Afloat Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 813015302RR0001), or read how we compute the receipt.