The Polar Foundation
Private foundation · Toronto, Ontario · BN 889792016RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($329,756) as filed with the CRA.
The Polar 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 $424K in revenue and $330K in expenditures.
Its funding that year was roughly 94% from donations. In 2024, 1 other registered charity reported granting it a combined $43.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 71% of peers.
As a grantmaker, it reported gifts to 20 qualified donees totalling $306K in 2024, the largest being $60K to United Way of Greater Toronto. Its filed list of directors and trustees shows 5 names.
In its own words
Receives accumulates and distributes funds to various charitable organizations as directed by its board of directors.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $424K | $330K | — | — | $306K | $1.1M |
| 2023 | $356K | $270K | $20K | — | $245K | $983K |
| 2022 | $510K | $393K | $388K | — | $372K | $880K |
| 2021 | $574K | $479K | — | — | $473K | $757K |
| 2020 | $416K | $632K | — | — | $628K | $639K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $306K to 20 qualified donees:
- United Way of Greater Toronto$60K
- The Canadian Stage Corporation$40K
- Soulpepper Theatre Company$37K
- Children's Aid Foundation of Canada$31K
- Loran Scholars Foundation$25K
- McMichael Canadian Art Foundation$10K
- Centaur Foundation for the Performing Arts$10K
- Fondation du Musée McCord Stewart$10K
- McMichael Canadian Art Foundation$10K
- Bill Reid Foundation$10K
- The British Columbia Photography and Media Arts Society$10K
- Royal Manitoba Theatre Centre Inc.$7,300
- The Winnipeg Art Gallery$7,200
- Werklund Centre$7,000
- The British Columbia Photography and Media Arts Society$6,983
- The Citadel Theatre$6,800
- YWCA Peterborough Haliburton$5,000
- Confederation Centre of the Arts Foundation Inc.$3,500
- Fredericton Playhouse Incorporated$3,300
- Remai Modern Foundation Inc.$3,300
Received $43 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
J. Paul Sabourin (director); Thomas Sabourin (director); William Anderson (director); William Peckford (director); R. Gregory Lemaich (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Polar Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 889792016RR0001), or read how we compute the receipt.