The Rathlyn Foundation
Private foundation · Toronto, Ontario · BN 119122463RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($4,431,914) as filed with the CRA.
The Rathlyn 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 $30.4M in revenue and $4.4M in expenditures.
Its funding that year was roughly 9% from donations.
Compared with 74 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 83% 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 8 qualified donees totalling $2.3M in 2024, the largest being $500K to The Governing Council of the University of Toronto. Revenue has grown substantially over its filings on record here, from $11.6M in 2020 to $30.4M in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
To provide financial support to educational and/or medical institutions.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $30.4M | $4.4M | $4,999 | — | $4.3M | $114.6M |
| 2023 | $9.8M | $4.1M | $5,018 | — | $3.9M | $88.6M |
| 2022 | $15.5M | $2.4M | $3,240 | — | $2.3M | $81.7M |
| 2021 | $14.3M | $2.1M | $6,238 | — | $2M | $75.1M |
| 2020 | $11.6M | $1.6M | $3,138 | — | $1.5M | $55.2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $2.3M to 8 qualified donees:
- The Governing Council of the University of Toronto$500K
- Pickering College$500K
- Royal Institution for the Advancement of Learning$500K
- ST. Michael's Hospital Foundation$200K
- Belmont House Foundation$200K
- Headwaters Health CARE Foundation$200K
- Queen's University at Kingston$100K
- Friends of the Gow School$50K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Roger Warren (president); Paul Fensom (director); Graeme Hepburn (director); Adela Hepburn (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Rathlyn Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119122463RR0001), or read how we compute the receipt.