The Thomas Wesley Powell Foundation Trust
Private foundation · Toronto, Ontario · BN 892116328RR0001 · Foundations
Source: T3010 return, FPE 2023-12-31. Split of total expenditures ($1,515,765) as filed with the CRA.
The Thomas Wesley Powell Foundation Trust is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2023, it reported -$148K in revenue and $1.5M in expenditures.
Compared with 3,292 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 68% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $1.5M in 2023, the largest being $1.5M to ST. Clement's School. Revenue has declined over its filings on record here, from $778K in 2020 to -$148K in 2023. Its filed list of directors and trustees shows 1 name.
In its own words
The trustee shall from time to time pay or apply the net income from or the capital of the trust property or as much of either or both as in its sole discretion consider advisable in annual or other convenient regular payments to or for the benefit of 'the st clement's school foundation'.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2023
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2023 | -$148K | $1.5M | — | — | $1.5M | $15K |
| 2022 | $77K | $104K | — | — | $75K | $1.7M |
| 2021 | $57K | $32K | — | — | — | $1.7M |
| 2020 | $778K | $3.2M | — | — | $3.2M | $1.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2023
- Investment income$37,418
- Other income$2,358
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2023
Granted $1.5M to 1 qualified donee:
- ST. Clement's School$1.5M
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2023)
Canada Trust (trustee).
As listed on its 2023 return.
Check the source
Every figure on this page is from The Thomas Wesley Powell Foundation Trust’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 892116328RR0001), or read how we compute the receipt.