Varsity Grads Foundation
Public foundation · Toronto, Ontario · BN 841369366RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($10,000) as filed with the CRA.
Varsity Grads Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under foundations advancing education.
In 2024, 2 other registered charities reported granting it a combined $62K.
Compared with 441 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 59% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $10K in 2024, the largest being $10K to The Governing Council of the University of Toronto. Its filed list of directors and trustees shows 7 names.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | — | $10K | — | — | $10K | — |
| 2023 | $32K | $41K | $1,288 | — | $40K | $122K |
| 2022 | $70K | $38K | $2,762 | — | $35K | $131K |
| 2021 | $53K | $36K | $2,108 | — | $34K | $99K |
| 2020 | $53K | $32K | $2,098 | — | $30K | $83K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $10K to 1 qualified donee:
Received $62K from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Paul Andersen (director); Timothy Welsh (director); Byron Elliott (director); Michael Hutchison (director); Andrew Kizito (director); Charles McDonald (director); Bryden Teich (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Varsity Grads Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 841369366RR0001), or read how we compute the receipt.