Varico Charitable Foundation
Private foundation · Chestermere, Alberta · BN 754136323RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($460,509) as filed with the CRA.
Varico Charitable Foundation is a private foundation based in Chestermere, Alberta, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $478K in revenue and $461K in expenditures.
Its funding that year was roughly 92% from donations.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 72% of peers. Its highest-paid position fell in the $40,000–79,999 range. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 8 qualified donees totalling $129K in 2024, the largest being $55K to Lake Ridge Community Church. Its filed list of directors and trustees shows 3 names.
In its own words
Support to qualified donees and grantees to advance education religion alleviate poverty and homelessness; provide medical provisions and contribute to the benefit of the community.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $478K | $461K | $110K | — | $336K | $814K |
| 2023 | $464K | $447K | $127K | — | $309K | $796K |
| 2022 | $445K | $453K | $111K | $0 | $323K | $780K |
| 2021 | $501K | $319K | $4,513 | — | $239K | $788K |
| 2020 | $478K | $249K | — | — | $233K | $606K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $129K to 8 qualified donees:
- Lake Ridge Community Church$55K
- Adoption Options Alberta LTD.$25K
- Inclusive Organization$14K
- SOS Children's Villages Canada / SOS Villages d'enfants Canada$14K
- The Governing Council of the Salvation Army in Canada$10K
- Our Daily Bread Ministries Canada$5,000
- Ministres Chretiens du Cap Haitian$4,466
- Calgary Humane Society for Prevention of Cruelty to Animals$2,500
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9991 position
- Permanent full-time positions1
- Total compensation, all staff$73K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Richard Higdon (president); Shirley Higdon (secretary/treasurer); Kathryn Higdon (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Varico Charitable Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 754136323RR0001), or read how we compute the receipt.