The University of Manitoba Business School Foundation Inc.
Public foundation · Winnipeg, Manitoba · BN 128963519RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-07-31. Split of total expenditures ($1,190,238) as filed with the CRA.
The University of Manitoba Business School Foundation Inc. is a public foundation based in Winnipeg, Manitoba, classified by the CRA under foundations advancing education. In its fiscal year ending July 31, 2024, it reported $1.7M in revenue and $1.2M in expenditures.
Its funding that year was roughly 21% from donations. In 2024, 6 other registered charities reported granting it a combined $17K.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 71% of peers. Its highest-paid position fell in the $120,000–159,999 range. The charity reported 4 permanent full-time positions.
As a grantmaker, it reported gifts to 6 qualified donees totalling $238K in 2024, the largest being $236K to The University of Manitoba. Revenue has grown substantially over its filings on record here, from $377K in 2020 to $1.7M in 2024. Its filed list of directors and trustees shows 13 names.
In its own words
To raise invest and allocate funds for the enhancement and advancement of business education at the I.h. Asper school of business of the university of manitoba.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $1.2M | $872K | — | $238K | $2.1M |
| 2023 | $1.8M | $1M | $692K | — | $313K | $1.6M |
| 2022 | $1.3M | $1.1M | $849K | — | $241K | $850K |
| 2021 | $429K | $444K | $149K | — | $257K | $660K |
| 2020 | $377K | $587K | $227K | — | $328K | $676K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $238K to 6 qualified donees:
Received $17K from 6 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $120,000–159,9991 position
- $40,000–79,9993 positions
- Permanent full-time positions4
- Total compensation, all staff$269K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Michael Benarroch (university president); Silvia De Sousa (chair member recruitme); Colin Ryan (board member); Dean Schinkel (treasurer); Bruno Silvestre (dean); Donald Solman (school relations chair); Andrew Stibbard (past chair of board); Arni Thorsteinson (president); Annamaria Toppazzini (secretary ceo); Denise Zaporzan (chair); Josh Zaporzan (ya vice chair); Hardev Bains (board member); Corinne Gusnoski (board member).
As listed on its 2024 return.
Check the source
Every figure on this page is from The University of Manitoba Business School Foundation Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 128963519RR0001), or read how we compute the receipt.