The Lupina Foundation
Private foundation · Toronto, Ontario · BN 865294037RR0001 · Foundations
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($749,079) as filed with the CRA.
The Lupina Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending June 30, 2024, it reported -$1.3M in revenue and $749K in expenditures.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 10% of peers. The charity reported 2 permanent full-time positions.
As a grantmaker, it reported gifts to 3 qualified donees totalling $379K in 2024, the largest being $200K to Regis College. Revenue has declined over its filings on record here, from $767K in 2020 to -$1.3M in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The foundation completed pledges to fund various charities and programs that were consistent with its mandate. Grants were made to universities and registered charities working on health realted programs.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | -$1.3M | $749K | — | — | $379K | $1.4M |
| 2023 | -$142K | $1.6M | — | — | $588K | $3.4M |
| 2022 | -$480K | $2.1M | — | — | $307K | $4.5M |
| 2021 | $2M | $780K | — | — | $418K | $6.8M |
| 2020 | $767K | $938K | — | — | $419K | $5.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $379K to 3 qualified donees:
- Regis College$200K
- University of Waterloo$150K
- Massey College$29K
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
- Permanent full-time positions2
- Total compensation, all staff$264K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Margret Hovanec (director); Peter Warrian (director); Robert Cowin (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Lupina Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 865294037RR0001), or read how we compute the receipt.