The Leonard Foundation
Private foundation · Toronto, Ontario · BN 892327040RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($310,681) as filed with the CRA.
The Leonard Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending December 31, 2024, it reported $239K in revenue and $311K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 21% of peers.
As a grantmaker, it reported gifts to 41 qualified donees totalling $194K in 2024, the largest being $43K to The University of British Columbia. Its filed list of directors and trustees shows 1 name.
In its own words
To provide scholarships for approved students to enable them to pursue a course of study in specified colleges and universities.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $239K | $311K | — | — | $194K | $2.7M |
| 2023 | $252K | $248K | — | — | $137K | $2.7M |
| 2022 | $128K | $208K | — | — | $140K | $2.7M |
| 2021 | $181K | $207K | — | — | $134K | $2.8M |
| 2020 | $186K | $227K | — | — | $128K | $2.8M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $194K to 41 qualified donees — largest 25 shown:
- The University of British Columbia$43K
- The Governors of The University of Calgary$8,659
- The University of Winnipeg$8,656
- The Governing Council of the University of Toronto$6,927
- The University of New Brunswick$6,927
- The University of Manitoba$6,927
- Toronto Metropolitan University$6,927
- Queen's University at Kingston$6,927
- University of Saskatchewan$6,926
- The University of Western Ontario$6,925
- The Governors of the University of Alberta$6,925
- York University$5,194
- University of Victoria$5,194
- University of Waterloo$3,464
- The Governors of ST. Francis Xavier University$3,464
- Simon Fraser University$3,464
- Mount Allison University$3,464
- McMaster University$3,464
- Acadia University$3,464
- Trent University$3,463
- Memorial University of Newfoundland$3,463
- The Board of Governors of Grant MacEwan University$3,463
- Concordia University-Universite Concordia$3,463
- Saint Mary's University$3,462
- University of Windsor$1,732
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
The Canada Trust Company (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Leonard Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 892327040RR0001), or read how we compute the receipt.