The Lower Canada College Foundation/La Fondation Lower Canada Collège
Public foundation · Montreal, Quebec · BN 891149783RR0001 · Foundations Advancing Education · website
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($1,259,236) as filed with the CRA.
The Lower Canada College Foundation/La Fondation Lower Canada Collège is a public foundation based in Montreal, Quebec, classified by the CRA under foundations advancing education. In its fiscal year ending June 30, 2024, it reported $4.8M in revenue and $1.3M in expenditures.
Its funding that year was roughly 20% from donations, 12% from other charities. In 2024, 11 other registered charities reported granting it a combined $1.4M.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 67% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 1 qualified donee totalling $1.2M in 2024, the largest being $1.2M to Lower Canada College. Revenue has grown substantially over its filings on record here, from $561K in 2020 to $4.8M in 2024. Its filed list of directors and trustees shows 6 names.
In its own words
To receive and maintain a fund or funds and apply from time to time all or part thereof and/or the income there from to solicit accept invest and disburse monies and gifts on a not-for-profit basis for the better maintenance and conduct of a school for boys and girls under the name of lower canada college.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $4.8M | $1.3M | — | — | $1.2M | $28.3M |
| 2023 | $5.3M | $1.2M | — | — | $1.1M | $24.8M |
| 2022 | $1.7M | $962K | — | — | $856K | $20.6M |
| 2021 | $6.5M | $886K | — | — | $787K | $19.7M |
| 2020 | $561K | $745K | — | — | $656K | $14.3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Public foundation — endowment and payout, June 30, 2024
- Other income$1,894,315
- Investment income$827,604
- From other charities$592,932
- Other gifts$504,954
- Receipted donations$446,185
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2024
Granted $1.2M to 1 qualified donee:
- Lower Canada College$1.2M
Received $1.4M from 11 charities:
- Doggone Foundation$1M
- Jewish Community Foundation of Montreal$155K
- Amelia & Lino Saputo Foundation$100K
- Sheila and Paul Martin Family Foundation$50K
- The Velan Foundation$33K
- Burgundy Legacy Foundation$20K
- Conam Charitable Foundation$7,000
- Charitable Gift Funds Canada Foundation$5,500
- The KCMN Velan Foundation$5,000
- Canadahelps Canadon$1,829
- United Way of Greater Toronto$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Edward Kalil (chairman); Deep Khosla (director); Gary Harper (director); Philip Belec (director); Adam Turner (director); Matthew Seccareccia (treasurer).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Lower Canada College Foundation/La Fondation Lower Canada Collège’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 891149783RR0001), or read how we compute the receipt.