Trust Under the Will of Thomas Lyall Hay
Private foundation · Toronto, Ontario · BN 892957366RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($467,513) as filed with the CRA.
Trust Under the Will of Thomas Lyall Hay is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $1M in revenue and $468K in expenditures.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 24% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 9 qualified donees totalling $338K in 2024, the largest being $320K to Woodstock Hospital. Revenue has grown substantially over its filings on record here, from $527K in 2020 to $1M in 2024. Its filed list of directors and trustees shows 1 name.
In its own words
To provide scholarships for students to attend a Canadian University or a Canadian theological college. To Providefinancialassistance to the following organizations located in Woodstock On: Knox Presbyterian Church The Salvation Army VictorianOrder of Nurses Woodstock General Hospital Woodstock Lions Club Young Men's Christian Association Young Women'sChristian Association.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1M | $468K | $3,000 | — | $338K | $14.8M |
| 2023 | $851K | $375K | $3,000 | — | $279K | $13.8M |
| 2022 | $906K | $395K | $3,000 | — | $276K | $12.8M |
| 2021 | $1.1M | $367K | $3,000 | — | $276K | $14.2M |
| 2020 | $527K | $398K | $3,000 | — | $302K | $13.2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $338K to 9 qualified donees:
- Woodstock Hospital$320K
- Knox Presbyterian Church$4,000
- University of Guelph$3,500
- The University of Western Ontario$3,500
- University of Waterloo$3,500
- YMCA of Western Ontario$1,600
- The Governing Council of the Salvation Army in Canada$800
- Victorian Order of Nurses Oxford Community Corporation$800
- The Rotary Club of Woodstock Charitable Foundation$400
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 Thomas Lyall Hay’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 892957366RR0001), or read how we compute the receipt.