The David and Faye Sobey Foundation
Private foundation · Stellarton, Nova Scotia · BN 870838562RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,283,708) as filed with the CRA.
The David and Faye Sobey Foundation is a private foundation based in Stellarton, Nova Scotia, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $4M in revenue and $1.3M in expenditures.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 74% 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 16 qualified donees totalling $1.2M in 2024, the largest being $500K to I W K Health Centre Charitable Foundation. Revenue has grown substantially over its filings on record here, from $551K in 2020 to $4M in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
The foundation made donations to other registered charities during the year.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $4M | $1.3M | — | — | $1.2M | $50.4M |
| 2023 | $6.5M | $3M | — | — | $3M | $44.9M |
| 2022 | $1.8M | $3.2M | — | — | $3.1M | $42.2M |
| 2021 | $5.9M | $2.9M | — | — | $2.9M | $49.6M |
| 2020 | $551K | $2.6M | — | — | $2.5M | $39.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1.2M to 16 qualified donees:
- I W K Health Centre Charitable Foundation$500K
- Ronald McDonald House Charities Atlantic Association$200K
- Fathers of Confederation Buildings Trust$110K
- Dartmouth General Hospital Charitable Foundation$100K
- Acadia University$100K
- Ship Hector Society$75K
- Habitat for Humanity Nova Scotia$75K
- Soldiers Memorial Hospital Foundation$25K
- Maritime Conservatory of Performing Arts$20K
- The Ship's Company Society$5,000
- Pictou County Christmas Fund$5,000
- Health Arts Society of Atlantic Canada$5,000
- Pictou County Christmas Fund$3,000
- New Glasgow Music Festival Association$2,500
- The Governing Council of the Salvation Army in Canada/conseil de Direction de l'Armée du Salut du Canada$1,000
- The Pictou County Fuel Fund Society$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
- Total compensation, all staff$2,000
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Paul Sobey (treasurer); Janis Sobey-Hames (chair); Sarah Hames (director); David Sobey (director); Harry Munro (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The David and Faye Sobey Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 870838562RR0001), or read how we compute the receipt.