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.
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.