The Peter Young Foundation
Private foundation · Vancouver, British Columbia · BN 850340969RR0001 · Foundations
Source: T3010 return, FPE 2024-11-30. Split of total expenditures ($371,036) as filed with the CRA.
The Peter Young Foundation is a private foundation based in Vancouver, British Columbia, classified by the CRA under foundations. In its fiscal year ending November 30, 2024, it reported $1.1M in revenue and $371K in expenditures.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 77% 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 14 qualified donees totalling $358K in 2024, the largest being $130K to British Columbia Institute of Technology Foundation. Revenue has grown substantially over its filings on record here, from $358K in 2020 to $1.1M in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
To make donations to qualified donees within the meaning of subsection 149.1(1) of the income tax act.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $371K | — | — | $358K | $13.9M |
| 2023 | $1.1M | $459K | — | — | $443K | $13.2M |
| 2022 | $509K | $438K | — | — | $422K | $12.6M |
| 2021 | $595K | $596K | — | — | $582K | $12.5M |
| 2020 | $358K | $390K | — | — | $372K | $12.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $358K to 14 qualified donees:
- British Columbia Institute of Technology Foundation$130K
- Tsengdok Monastery Association$54K
- Vancouver Chinatown Foundation for Community Revitalization$50K
- British Columbia's Children's Hospital Foundation$30K
- Sea Smart School Society$25K
- Cityreach CARE Society$20K
- Coastal Church$14K
- The Board of Education of School District No. 39 (Vancouver)$10K
- Richmond Food Bank$10K
- British Columbia Society for the Prevention of Cruelty to Animals$5,000
- Pacific Assistance Dogs Society$3,000
- Paws for Hope Animal Foundation$2,500
- York House School Society$2,500
- Vancouver Fire Fighters' Charitable Society$2,500
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Jane Young (secretary); Benjamin Yeung (president & treasurer); Sai Hong Yeung (director); Tim Yeung (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Peter Young Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 850340969RR0001), or read how we compute the receipt.