The Loyalist College Foundation
Public foundation · Belleville, Ontario · BN 890528060RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($675,599) as filed with the CRA.
The Loyalist College Foundation is a public foundation based in Belleville, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending March 31, 2024, it reported $1.8M in revenue and $676K in expenditures.
Its funding that year was roughly 26% from other charities. In 2024, 2 other registered charities reported granting it a combined $686K.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 65% 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 $40K in 2024, the largest being $40K to Loyalist College of Applied Arts and Technology. Its filed list of directors and trustees shows 8 names.
In its own words
The purpose of the foundation is to receive and maintain funds and to apply all or part of the principal and income for charitable purposes carried on by or for the benefit of or to enhance or improve services provided by or the facilities of loyalist college of applied arts and technology.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.8M | $676K | $572K | $9,982 | $40K | $14.9M |
| 2023 | $731K | $572K | $466K | $11K | $41K | $13.8M |
| 2022 | $726K | $383K | $297K | $8,029 | $27K | $13.6M |
| 2021 | $2.7M | $365K | $313K | — | — | $13.3M |
| 2020 | -$229K | $478K | $424K | — | $2,760 | $11M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $40K to 1 qualified donee:
Received $686K from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
John Pinsent (treasurer); Timothy Farrell (director); George Reddom (chair); Sandra Latchford (director); William Kirkpatrick (director); Jeremy Lauri (secretary); Jennifer May-Anderson (director); Douglas Couture (vice-chair).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Loyalist College Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 890528060RR0001), or read how we compute the receipt.