The Margaret and Colin G. Watson Foundation
Private foundation · Toronto, Ontario · BN 860590694RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($101,546) as filed with the CRA.
The Margaret and Colin G. Watson Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $87K in revenue and $102K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 32% of peers.
As a grantmaker, it reported gifts to 5 qualified donees totalling $83K in 2024, the largest being $17K to ST. Michael's and Providence Foundation. Its filed list of directors and trustees shows 3 names.
In its own words
Advancement of religion education poverty relief & other charitable objects.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $87K | $102K | — | — | $83K | $2.3M |
| 2023 | $84K | $108K | — | — | $89K | $1.9M |
| 2022 | $76K | $91K | — | — | $72K | $1.9M |
| 2021 | $60K | $81K | — | — | $62K | $2.2M |
| 2020 | $73K | $78K | — | — | $60K | $1.9M |
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$85,216
- Other income$1,514
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
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Margaret Watson (trustee); Colin G Watson (trustee); Bank of Nova Scotia Truste CO (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Margaret and Colin G. Watson Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 860590694RR0001), or read how we compute the receipt.