The Frank H Sobey Fund for Excellence in Business Studies
Private foundation · Halifax, Nova Scotia · BN 119233765RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-10-31. Split of total expenditures ($513,927) as filed with the CRA.
The Frank H Sobey Fund for Excellence in Business Studies is a private foundation based in Halifax, Nova Scotia, classified by the CRA under foundations advancing education. In its fiscal year ending October 31, 2024, it reported $578K in revenue and $514K in expenditures.
Its funding that year was roughly 17% 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 86% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
Its filed list of directors and trustees shows 12 names.
In its own words
The funds made scholarshi awards to business students at maritime universities and arranged for the scholarship awarded recipients to meet maritime businessmen.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $578K | $514K | $504K | — | — | $9M |
| 2023 | $1.3M | $527K | $518K | — | — | $8M |
| 2022 | $960K | $444K | $434K | — | — | $9.4M |
| 2021 | $688K | $346K | $339K | — | — | $9.5M |
| 2020 | $617K | $313K | $304K | — | — | $7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Directors & trustees (2024)
Ed Barrett (director); Robert Brown (director); Bernard Doucet (secretary); Doug Doucet (director); Myra Freeman (director); Jennifer Gillivan (director); Paul Jewer (director); Ramona Lumpkin (director); John Sobey (director); Kent Sobey (director); Oliva Sobey (director); Paul Sobey (chair).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Frank H Sobey Fund for Excellence in Business Studies’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119233765RR0001), or read how we compute the receipt.