The Walrus Foundation
Charitable organization · Toronto, Ontario · BN 861851624RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($6,082,263) as filed with the CRA.
The Walrus Foundation is a charitable organization based in Toronto, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $6.3M in revenue and $6.1M in expenditures.
Its funding that year was roughly 14% from donations, 16% from government, 20% from other charities. In 2024, 35 other registered charities reported granting it a combined $1.1M.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 31% of peers. Its fundraising cost per donated dollar was higher than 79% of that peer group. Its highest-paid position fell in the $200,000–249,999 range. The charity reported 26 permanent full-time positions.
Its filed list of directors and trustees shows 11 names.
In its own words
The Walrus Foundation publishes independent fact-based journalism fiction and art in The Walrus magazine and at thewalrus.ca. The Walrus stories present a variety of perspectives on the most complex issues of our time focusing on six key content areas: politics & world affairs health & science law & social justice the environment business & economics and arts & culture. The Walrus Foundation also produces national ideas-focused events (in-person and virtually) including The Walrus Talks and The Walrus Leadership Dinners which bring people together to discuss matters vital to Canad…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $6.3M | $6.1M | $4.7M | $471K | — | $2.1M |
| 2023 | $5.9M | $5.9M | $4.4M | $499K | — | $1.9M |
| 2022 | $6.5M | $6.5M | $5.1M | $471K | — | $1.9M |
| 2021 | $6.1M | $5.5M | $4.3M | $297K | — | $1.8M |
| 2020 | $6.2M | $5.4M | $4M | $437K | — | $1.2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $1.1M from 35 charities:
- The Chawkers foundation$184K
- Canadahelps Canadon$163K
- Canadahelps Canadon$163K
- THE IRA GLUSKIN AND MAXINE GRANOVSKY GLUSKIN CHARITABLE FOUNdation$150K
- RBC Foundation$50K
- Shoppers Foundation for Women's Health$43K
- The Trottier Family Foundation/la Fondation Familiale Trottier$35K
- The Langar Foundation$30K
- Aqueduct Foundation$26K
- Barry and Laurie Green Family Charitable Trust$25K
- Fondation Écho /echo Foundation$25K
- Cannonbury Foundation$25K
- Walter and Duncan Gordon Charitable Foundation$25K
- The Edmonton Community Foundation Priv Act$25K
- The Jarislowsky Foundation/la Fondation Jarislowsky$20K
- Inspirit Foundation$20K
- Toronto Foundation$18K
- United Way of Greater Toronto$12K
- The Birks Family Foundation$10K
- The Janice Lewis and Mitchell Cohen Foundation$10K
- GiftPact Foundation Inc.$10K
- Charitable Gift Funds Canada Foundation$7,500
- BenefAction Foundation$6,250
- The Calgary Foundation$6,000
- Canada Gives$5,300
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $200,000–249,9991 position
- $160,000–199,9991 position
- $120,000–159,9992 positions
- $80,000–119,9996 positions
- Permanent full-time positions26
- Total compensation, all staff$3.2M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Claire Lanctôt (director); Åsa Kachan (director vice chair); Zai Mamdani (director); Ira Gluskin (director); Stephen Atkinson (director); Jennifer Longhurst (director vice chair); Raymond Samuels (director); Komal Bhasin (director); Suha Jethalal (director); Andrew Giosa (director); Rob Farina (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Walrus Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 861851624RR0001), or read how we compute the receipt.