Venture for Canada Fellowship Institute
Publicly funded institution · Toronto, Ontario · BN 847995032RR0001 · Educational Organizations Not Elsewhere Categorized · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($12,079,677) as filed with the CRA.
Venture for Canada Fellowship Institute is a charitable organization based in Toronto, Ontario, classified by the CRA under educational organizations not elsewhere categorized. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending December 31, 2024, it reported $12.1M in revenue and $12.1M in expenditures.
Its funding that year was roughly 92% from government. Government funding is the majority of its budget. In 2024, 11 other registered charities reported granting it a combined $481K.
Compared with 733 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 78% of peers. Its highest-paid position fell in the $200,000–249,999 range. The charity reported 34 permanent full-time positions.
Its filed list of directors and trustees shows 9 names.
In its own words
Venture for Canada is a charity that recruits trains and supports youth to work at startups with the mission of fostering entrepreneurship and education. The organization organizes training camps provides ongoing training/support over multiple years and facilitates employment for youth participants. Venture for Canada launched its Intrapreneurship Program in 2021 to complement the existing Fellowship and Internship Programs. The Intrapreneurship Program recruits trains and supports post-secondary students returning to school with short innovative work-integrated learning opportunities at…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $12.1M | $12.1M | $11.5M | $292K | — | $497K |
| 2023 | $14.8M | $14.6M | $14M | $323K | — | $472K |
| 2022 | $15M | $15.1M | $14.4M | $178K | — | $438K |
| 2021 | $14.3M | $14.1M | $13.5M | $82K | — | $554K |
| 2020 | $8.4M | $8.3M | $8M | $25K | — | $401K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $481K from 11 charities:
- RBC Foundation$205K
- Suncor Energy Foundation/fondation Suncor Energie$100K
- The Peter Gilgan Foundation$50K
- Hunter Family Foundation$35K
- Canadahelps Canadon$30K
- Canadahelps Canadon$30K
- Carthy Foundation$15K
- The Sonor Foundation$12K
- The Calgary Foundation$3,000
- Suncor Energy Foundation/fondation Suncor Energie$500
- Canadian Online Giving Foundation$50
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $200,000–249,9991 position
- $120,000–159,9992 positions
- $80,000–119,9995 positions
- $40,000–79,9992 positions
- Permanent full-time positions34
- Total compensation, all staff$2.7M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Parm Gill (chair); Vanessa Paesani (director); Bruce Sellery (director); Narinder Dhami (director); Irfhan Abdulaziz Rawji (director); Jean Wisch (Wils) Theagene (director); Thomas Park (director); Laura McGee (director); Leah Thuy Vinh Ann Nguyen (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Venture for Canada Fellowship Institute’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 847995032RR0001), or read how we compute the receipt.