Trust Under the Will of Marguerite I. Vernon Estate
Private foundation · Toronto, Ontario · BN 890483399RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($101,544) as filed with the CRA.
Trust Under the Will of Marguerite I. Vernon Estate is a private foundation based in Toronto, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending December 31, 2024, it reported $1,465 in revenue and $102K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,624 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 71% of peers.
As a grantmaker, it reported gifts to 2 qualified donees totalling $100K in 2024, the largest being $50K to The Governors of ST. Francis Xavier University. Revenue has declined over its filings on record here, from $4,934 in 2020 to $1,465 in 2024. Its filed list of directors and trustees shows 1 name.
In its own words
To pay the net income annually to one or more universities in nova scotia and in such proportions and to the exclusion of one or more such universities at the discretion of the trustee. To be used by such universities to provide bursaries scholarships or to aid needy students domiciled in nova scotia
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1,465 | $102K | — | — | $100K | $13K |
| 2023 | $7,461 | $1,856 | — | — | — | $111K |
| 2022 | $7,804 | $5,861 | — | — | $4,000 | $99K |
| 2021 | $8,124 | $5,844 | — | — | $3,900 | $115K |
| 2020 | $4,934 | $7,380 | — | — | $5,700 | $110K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $100K to 2 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Scotiatrust (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Trust Under the Will of Marguerite I. Vernon Estate’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 890483399RR0001), or read how we compute the receipt.