The Foundation for Student Achievement
Private foundation · East Gwillimbury, Ontario · BN 820927770RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2020-07-31. Split of total expenditures ($45,275) as filed with the CRA.
The Foundation for Student Achievement is a private foundation based in East Gwillimbury, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending July 31, 2020, it reported $17K in revenue and $45K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 5% from donations.
Compared with 4,209 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 52% of peers. The charity reported 2 permanent full-time positions.
In its own words
The Charity raises funds from corporations and the public at large through fundraising events and door to door community outreach initiates. Its goal is to break barriers to academic achievement for students living in low opportunity index neighborhoods in Toronto. It strives to ensure students not only successfully graduate from high school but also provide students with tools and resources needed to continue this success independently at the post-secondary level. It also provides post-secondary scholarships to financial institutions.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2020
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2020 | $17K | $45K | $41K | — | — | -$879K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
What it pays
- Permanent full-time positions2
- Total compensation, all staff$22K
Schedule 3 of its 2020 return. The CRA discloses bands, not names or exact salaries.
Check the source
Every figure on this page is from The Foundation for Student Achievement’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 820927770RR0001), or read how we compute the receipt.