The Orland and Lois (Gillis) Schaus Scholarship Foundation
Private foundation · Toronto, Ontario · BN 762710481RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($106,276) as filed with the CRA.
The Orland and Lois (Gillis) Schaus Scholarship Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending December 31, 2024, it reported $203K in revenue and $106K in expenditures.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 11% 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 2 qualified donees totalling $48K in 2024, the largest being $24K to ST. Thomas University. Revenue has declined over its filings on record here, from $1.3M in 2020 to $203K in 2024. Its filed list of directors and trustees shows 1 name.
In its own words
To make grants of principal and/or income to registered charities and qualified donees that have exclusively charitable purposes.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $203K | $106K | — | — | $48K | $4.6M |
| 2023 | $201K | $59K | — | — | — | $4.2M |
| 2022 | $149K | $61K | — | — | — | $3.9M |
| 2021 | $440K | $55K | — | — | — | $4.3M |
| 2020 | $1.3M | $45K | — | — | — | $3.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $48K to 2 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Bank of Nova Scotia Trust Co. (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Orland and Lois (Gillis) Schaus Scholarship Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 762710481RR0001), or read how we compute the receipt.