Vancouver Island University Foundation
Public foundation · Nanaimo, British Columbia · BN 887333482RR0001 · Foundations Advancing Education · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($4,066,603) as filed with the CRA.
Vancouver Island University Foundation is a public foundation based in Nanaimo, British Columbia, classified by the CRA under foundations advancing education. In its fiscal year ending March 31, 2024, it reported $7.9M in revenue and $4.1M in expenditures.
Its funding that year was roughly 26% from donations, 21% from other charities. In 2024, 27 other registered charities reported granting it a combined $3.7M.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 74% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $1.9M in 2024, the largest being $1.9M to Vancouver Island University. Revenue has grown substantially over its filings on record here, from $5.2M in 2020 to $7.9M in 2024. Its filed list of directors and trustees shows 9 names.
In its own words
Scholarship & bursary payments to students at vancouver island university (viu). Management of endowment funds. Funding of capital projects for viu. Publishing newsletters issuing news release hosting campus tours producing public events. Operating an ongoing 50/50 lottery with proceeds to scholarships and awards to students at viu. Manage the alumni association to establish a network as well as programs and services for viu graduates.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $7.9M | $4.1M | $210K | $208K | $3.6M | $38.2M |
| 2023 | $6.3M | $3.2M | $166K | $208K | $2.8M | $34.3M |
| 2022 | $5.4M | $2.5M | $213K | $196K | $2M | $31.2M |
| 2021 | $10.4M | $5.6M | $439K | $196K | $4.9M | $28.3M |
| 2020 | $5.2M | $5.4M | $188K | $300K | $4.9M | $23.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1.9M to 1 qualified donee:
Received $3.7M from 27 charities:
- Vancouver Island University$2.4M
- Milner Gardens and Woodland Society$528K
- Suncor Energy Foundation/fondation Suncor Energie$226K
- The Victoria Foundation$136K
- RBC Foundation$100K
- Wheeler Family Foundation$80K
- Parksville - Qualicum Community Foundation$59K
- Vancouver Foundation$34K
- Pieter de Reuver Foundation$30K
- Doane Grant Thornton Foundation$20K
- Cowichan Foundation$14K
- Canadian Federation of University Women - Nanaimo Scholarship Trust Fund$10K
- Walker Wood Foundation$10K
- New Car Dealers Foundation of BC$10K
- The First Open Heart Society of British Columbia$5,000
- Charitable Gift Funds Canada Foundation$4,500
- Central Okanagan Bursary and Scholarship Society$4,425
- The Hamber Foundation$2,500
- Bowen Island Community Foundation$2,500
- Credit Union Foundation of British Columbia$2,100
- Chartered Professional Accountants' Education Foundation of British Columbia$2,000
- BenefAction Foundation$2,000
- Strategic Charitable Giving Foundation$1,310
- The KPMG Foundation/la Fondation KPMG$1,000
- Canadian Online Giving Foundation$583
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Kelly Bissell (chair); Vatslav Govorov (director); Richard Horbachewski (executive director); Manley McLachlan (director(board of governor(…)); Darren Reid (past chair); Lee Rowley (vice-chair); Deborah Saucier (president (ex-officio)); Denise Wittkofski (director); Coralee Katzberg (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Vancouver Island University Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 887333482RR0001), or read how we compute the receipt.