The Macdonald Stewart Foundation
Private foundation · Montreal, Quebec · BN 886699396RR0001 · Core Health Care
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($3,400,495) as filed with the CRA.
The Macdonald Stewart Foundation is a private foundation based in Montreal, Quebec, classified by the CRA under core health care. In its fiscal year ending December 31, 2024, it reported $5.6M in revenue and $3.4M in expenditures.
Compared with 453 health charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 38% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group. Its highest-paid position fell in the $120,000–159,999 range. The charity reported 8 permanent full-time positions.
As a grantmaker, it reported gifts to 17 qualified donees totalling $1.7M in 2024, the largest being $702K to The McCord Stewart Museum. Its filed list of directors and trustees shows 7 names.
In its own words
During 2024 a total of $2 097 220 was donated to registered charitable organizations in the following areas; humanities $1 556 690 education $201 250 medical $11 000 and social programs $328 500
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $5.6M | $3.4M | $410K | — | $2.1M | $45.4M |
| 2023 | $4.9M | $3.2M | $110K | — | $2M | $43.2M |
| 2022 | -$2M | $3.2M | $125K | — | $1.9M | $41.7M |
| 2021 | $7.6M | $2.8M | $63K | — | $1.7M | $46.9M |
| 2020 | -$3.2M | $3.1M | $55K | — | $1.9M | $41.9M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$1,163,428
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 $1.7M to 17 qualified donees:
- The McCord Stewart Museum$702K
- The Lake St. Louis Historical Society$641K
- Royal Institution for the Advancement of Learning$153K
- Societe d'Archeologie et de Numismatique de Montreal/the Antiquarian and Numismatic Society of Montreal$60K
- Weredale Foundation$15K
- Maison du parc inc.$15K
- Heritage Montréal Foundation$15K
- Centre Communautaire de l'Avenue Greene Inc./greene Avenue Community Center Inc.$11K
- Résonance Montréal Inc.$10K
- Teresa Dellar Palliative Care Residence Foundation Inc.$7,500
- Atwater Library and Computer Centre$6,250
- Fondation pour enfants Trevor Williams/Trevor Williams Kids Foundation$5,000
- Muscular Dystrophy Canada / Dystrophie musculaire Canada$5,000
- Moisson Montréal Inc.$5,000
- Fondation Centre Philou$5,000
- Batshaw Youth and Family Centres Foundation$5,000
- The Cedars Cancer Foundation at the McGill University Health Centre$2,500
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $120,000–159,9991 position
- $80,000–119,9991 position
- $1–39,9996 positions
- Permanent full-time positions8
- Total compensation, all staff$467K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
David Angus (vice-president); Bruce Bolton (vice-president); Marie Giguere (vice-president); Thomas Leslie (vice president); Ralph Loader (vice-president); Jean-Pierre Ouellet (president); Anatol Von Hahn (vice-president).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Macdonald Stewart Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 886699396RR0001), or read how we compute the receipt.