The David Hearn Foundation
Private foundation · Waterloo, Ontario · BN 819566183RR0001 · Foundations · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($125,544) as filed with the CRA.
The David Hearn Foundation is a private foundation based in Waterloo, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $119K in revenue and $126K in expenditures.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 19% of peers. Its fundraising cost per donated dollar was higher than 95% of that peer group.
As a grantmaker, it reported gifts to 2 qualified donees totalling $80K in 2024, the largest being $60K to Alzheimer Society Foundation of Brant Haldimand Norfolk Hamilton Halton. Revenue has grown substantially over its filings on record here, from $76K in 2020 to $119K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The david hearn foundation's central focus will be to support the alzheimer society of canada in reducing the personal and social impacts of the disease by raising funds to provide individuals and families with needed programs and services. Through its partnership the foundation will aim to increase awareness improve care for those in need and enhance the quality of life for those affected by the disease while also empowering canadians to take action and create positive change.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $119K | $126K | — | $41K | $80K | $15K |
| 2023 | $173K | $174K | — | $39K | $130K | $21K |
| 2022 | $114K | $119K | — | $21K | $95K | $22K |
| 2021 | $117K | $118K | — | $22K | $90K | $27K |
| 2020 | $76K | $81K | — | $12K | $65K | $28K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Receipted donations$5,100
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 $80K to 2 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
David Hearn (president); Heather Hearn (treasurer); Dorothy Hearn (secretary).
As listed on its 2024 return.
Check the source
Every figure on this page is from The David Hearn Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 819566183RR0001), or read how we compute the receipt.