The Watershed Foundation
Private foundation · Calgary, Alberta · BN 826462319RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($223,500) as filed with the CRA.
The Watershed Foundation is a private foundation based in Calgary, Alberta, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $108K in revenue and $224K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 92% of peers.
As a grantmaker, it reported gifts to 6 qualified donees totalling $224K in 2024, the largest being $100K to Kids Cancer Care Foundation of Alberta. Its filed list of directors and trustees shows 2 names.
In its own words
The watershed foundation distributes income earned from its investment portfolio to various projects and charities in alberta related to social health and educational matters
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $108K | $224K | — | — | $224K | $3.9M |
| 2023 | $157K | $136K | — | — | $135K | $4M |
| 2022 | $72K | $51K | — | — | $50K | $4M |
| 2021 | -$808K | $294K | — | — | $293K | $4M |
| 2020 | — | $995 | — | — | — | $5.1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $224K to 6 qualified donees:
- Kids Cancer Care Foundation of Alberta$100K
- Alberta Childrens Hospital Foundation$60K
- Rundle College Society$50K
- Alberta Cancer Foundation$10K
- Calgary Police Youth Foundation$2,500
- Inn From the Cold Society$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
James Riddell (chair); Jo-Ann Riddell (president).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Watershed Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 826462319RR0001), or read how we compute the receipt.