The Ken and Ann Watts Memorial Scholarship Foundation
Charitable organization · Hamilton, Ontario · BN 118787613RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($1,944) as filed with the CRA.
The Ken and Ann Watts Memorial Scholarship Foundation is a charitable organization based in Hamilton, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending June 30, 2024, it reported $10K in revenue and $1,944 in expenditures.
Its funding that year was roughly 100% from other charities. In 2023, 1 other registered charity reported granting it a combined $10K.
Compared with 3,624 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 99% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
Revenue has declined over its filings on record here, from $16K in 2020 to $10K in 2024. Its filed list of directors and trustees shows 7 names.
In its own words
Scholarship grants for post secondary studies in the fields of the arts. There are four scholarships awarded to grade 12 students competing in the canadian theatre school ontario drama festival. These scholarships are valid for one thousand dollars per year for up to a four year program. We also award four one thousand dollar bursiries to students who applied for the scholarship but were not chosen. Scholarship winners are allowed a year break without penalty by notifying the foundation of their desire to take a year off.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $10K | $1,944 | $15K | — | — | $109K |
| 2023 | $20K | $14K | $12K | — | $12K | $125K |
| 2022 | $14K | $1,940 | $11K | — | — | $112K |
| 2021 | $15K | $1,940 | — | — | — | $142K |
| 2020 | $16K | $1,943 | — | — | — | $106K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2023
Received $10K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Wayne Fairhead (president); Jenny Lariche (secretary); David Dayler (treasurer); Mason Carolee (director); Neil Hughes (director); Ian Waldron (director); Andres Lamb (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Ken and Ann Watts Memorial Scholarship Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118787613RR0001), or read how we compute the receipt.