Varsity Leadership Foundation
Public foundation · Scarborough, Ontario · BN 817240310RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2020-03-09. Split of total expenditures ($9,946) as filed with the CRA.
Varsity Leadership Foundation is a public foundation based in Scarborough, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending March 9, 2020, it reported $988 in revenue and $9,946 in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 100% from other charities.
Its filed list of directors and trustees shows 7 names.
In its own words
1) to receive and maintain a fund or funds and to apply all or partly of the principal and income therefrom from time to time to the governing council of the university of toronto so long as it remains a qualified donee under the income tax act (canada); 2) to advance education by providing academic/athletic scholarships to students attending the university of toronto; 3) to advance education by providing scholarships to at risk youth to attend athletic/leadership programs and; 4) to undertake activities ancillary and incidental to the attainment of the aforementioned charitable purposes
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2020
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2020 | $988 | $9,946 | — | — | — | $319 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Directors & trustees (2020)
Daniel Feraday (director); Andy Filipiuk (director); Richard Makos (president); Geroge Polyzios (treasurer); David Scandiffio (secretary); John Sotirakos (director); Alex Squires (director).
As listed on its 2020 return.
Check the source
Every figure on this page is from Varsity Leadership Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 817240310RR0001), or read how we compute the receipt.