The Horatio Alger Association of Canada
Publicly funded institution · Toronto, Ontario · BN 855623450RR0001 · Teaching Institutions
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($5,447,561) as filed with the CRA.
The Horatio Alger Association of Canada is a charitable organization based in Toronto, Ontario, classified by the CRA under teaching institutions. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending December 31, 2024, it reported $15.5M in revenue and $5.4M in expenditures.
Its funding that year was roughly 43% from donations, 10% from other charities. In 2024, 13 other registered charities reported granting it a combined $3.7M.
Compared with 733 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 8% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
Revenue has grown substantially over its filings on record here, from $3.6M in 2020 to $15.5M in 2024. Its filed list of directors and trustees shows 8 names.
In its own words
To provide scholarship assistance to help promising high school students attend college and to spread the message regarding opportunities a free enterprise system provides. Furthermore the charity hosts career public service and community service programs; sponsoring free enterprise forums; and providing internship programs.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $15.5M | $5.4M | $1.7M | $2M | — | $14.9M |
| 2023 | $6.6M | $7.9M | $1.6M | $2.1M | $2M | $4.9M |
| 2022 | $8.3M | $4.3M | $2.3M | $1.4M | — | $6.1M |
| 2021 | $3.6M | $3M | $2.1M | $112K | — | $13.8M |
| 2020 | $3.6M | $2.6M | $1.8M | $270K | — | $12M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $3.7M from 13 charities:
- Horatio Alger Association of Canada Foundation$1.6M
- The Sixty Three Foundation$656K
- The Dilawri Foundation$300K
- The Schroeder Foundation$300K
- The Waugh Family Foundation$225K
- The Jay and Barbara Hennick Family Foundation$175K
- The Knightsgrange Foundation$162K
- Wheaton Family Foundation$162K
- The Sharp Foundation$75K
- The Sonshine Family Foundation$50K
- The Marion Armstrong Charitable Foundation$25K
- The Fuller Giving Foundation$15K
- Canadahelps Canadon$746
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Prem Watsa (president); Dominic D'Alessandro (president emeritus); Rola Dagher (vice president); Jay Hennick (vice president); David Johnston (vice president); Richard Waugh (treasurer); Lesley Albanese (secretary); Adam Daifallah (executive director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Horatio Alger Association of Canada’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 855623450RR0001), or read how we compute the receipt.