Twenty Under Forty London Alumni Foundation
Public foundation · London, Ontario · BN 818703365RR0001 · Foundations
Source: T3010 return, FPE 2023-06-30. Split of total expenditures ($12,673) as filed with the CRA.
Twenty Under Forty London Alumni Foundation is a public foundation based in London, Ontario, classified by the CRA under foundations. In its fiscal year ending June 30, 2023, it reported $7,227 in revenue and $13K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 100% from donations. In 2024, 1 other registered charity reported granting it a combined $1,202.
Compared with 3,292 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 31% of peers.
Revenue has declined over its filings on record here, from $16K in 2020 to $7,227 in 2023. Its filed list of directors and trustees shows 6 names.
In its own words
The foundation was newly incorporated on november 16 2015. The foundation's intention is to have alumni of the 20 under 40 award which is a recognition in the london business community of those under the age of 40 who are making their mark professionally as well as through community stewardship provide donations that would be awarded to a charity selected by the alumni. The foundation was set up to allow the alumni an opportunity to donate funds to the foundation with the use of those funds to be used to donate to a registered charity selected within the london area who was vo…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2023
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2023 | $7,227 | $13K | $5,000 | — | $5,000 | -$4,839 |
| 2022 | $10K | $13K | $10K | — | — | — |
| 2021 | $18K | $13K | — | — | $10K | — |
| 2020 | $16K | $12K | — | — | $10K | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $1,202 from 1 charity:
- Canadahelps Canadon$1,202
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2023)
Nicole Spriet (vice president); Courtney Hance (secretary); Ashley Didone (treasurer); Chris Costello (president/chair); Mana Khami (director); Shannono Ruffell (director).
As listed on its 2023 return.
Check the source
Every figure on this page is from Twenty Under Forty London Alumni Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 818703365RR0001), or read how we compute the receipt.