Trust Under the Will of Francis Ouellette
Private foundation · Toronto, Ontario · BN 887100659RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($40,414) as filed with the CRA.
Trust Under the Will of Francis Ouellette is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $31K in revenue and $40K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 25% of peers.
As a grantmaker, it reported gifts to 7 qualified donees totalling $30K in 2024, the largest being $5,440 to Society of Saint Vincent de Paul Particular Council of Kent Deanery. Its filed list of directors and trustees shows 1 name.
In its own words
Dispersing funds for charitable purposes to specifically named organizations as per the terms of the will
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $31K | $40K | — | — | $30K | $910K |
| 2023 | $31K | $42K | — | — | $31K | $867K |
| 2022 | $43K | $45K | — | — | $34K | $825K |
| 2021 | $56K | $74K | — | — | $64K | $953K |
| 2020 | $41K | $10K | — | — | $0 | $968K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$32,784
- Other income$910
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, 2024
Granted $30K to 7 qualified donees:
- Society of Saint Vincent de Paul Particular Council of Kent Deanery$5,440
- The Canadian National Institute For The Blind$5,440
- The Governing Council of the Salvation Army in Canada$5,440
- Canadian Cancer Society$5,440
- Heart and Stroke Foundation of Ontario$5,440
- University of Guelph$2,200
- Chatham Kiwanis Music Festival$200
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Bank of Nova Scotia Trust Co..
As listed on its 2024 return.
Check the source
Every figure on this page is from Trust Under the Will of Francis Ouellette’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 887100659RR0001), or read how we compute the receipt.