The Federation of Chinese Canadian Professionals (ontario) Education Foundation
Public foundation · Toronto, Ontario · BN 132137423RR0001 · Foundations Advancing Education · website
Source: T3010 return, FPE 2024-05-31. Split of total expenditures ($70,177) as filed with the CRA.
The Federation of Chinese Canadian Professionals (ontario) Education Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending May 31, 2024, it reported $168K in revenue and $70K in expenditures.
Its funding that year was roughly 70% from donations. In 2024, 3 other registered charities reported granting it a combined $211K.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 66% of peers. Its fundraising cost per donated dollar was lower than 77% of that peer group. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 4 qualified donees totalling $43K in 2024, the largest being $24K to The Governing Council of the University of Toronto. Revenue has grown substantially over its filings on record here, from $40K in 2020 to $168K in 2024. Its filed list of directors and trustees shows 9 names.
In its own words
To provide scholarships and awards to qualified students attending ontario post-secondary institutions -to provide interest free loans to qualifed students -to establish award of merit to distinguished chinese canadians
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $168K | $70K | $129 | $4,348 | $63K | $1.4M |
| 2023 | $15K | $68K | $2,945 | — | $65K | $1.3M |
| 2022 | $183K | $54K | $5,364 | — | $49K | $1.4M |
| 2021 | $16K | $45K | — | — | $43K | $1.3M |
| 2020 | $40K | $50K | — | — | $47K | $1.4M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Public foundation — endowment and payout, May 31, 2024
- Receipted donations$116,080
- Investment income$50,388
- Other gifts$1,215
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 $43K to 4 qualified donees:
Received $211K from 3 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Michael Chan (trustee); Clement Chan (trustee); Amanda Ma (treasurer); Kenneth Fund (trustee); David Sin (vice president); Roslyn Tsao (president); Peter LI (trustee); Cecilia Lo (trustee); Debbie Kwan (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Federation of Chinese Canadian Professionals (ontario) Education Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 132137423RR0001), or read how we compute the receipt.