The RCO Foundation
Public foundation · Oakville, Ontario · BN 738428721RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($388,385) as filed with the CRA.
The RCO Foundation is a public foundation based in Oakville, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $1.7M in revenue and $388K 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 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 1 qualified donee totalling $214K in 2024, the largest being $214K to RCO Charitable Fund. Revenue has grown substantially over its filings on record here, from $70K in 2020 to $1.7M in 2024. Its filed list of directors and trustees shows 6 names.
In its own words
Money invested to build investment income to give to charities in following years.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $388K | — | — | $214K | $19.7M |
| 2023 | $305K | $170K | — | — | $120K | $3.4M |
| 2022 | -$143K | $175K | — | — | $124K | $3.3M |
| 2021 | $83K | $166K | — | — | $115K | $3.6M |
| 2020 | $70K | $165K | — | — | $109K | $3.3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $214K to 1 qualified donee:
- RCO Charitable Fund$214K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
George Farrow (secretary); Gary Comerford (president); Paul Bannon (director); Jean Wettlaufer (director); Frank Morewood (treasurer); Richard Roberts (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The RCO Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 738428721RR0001), or read how we compute the receipt.