Victoria University
Publicly funded institution · Toronto, Ontario · BN 108173436RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2024-04-30. Split of total expenditures ($54,879,858) as filed with the CRA.
Victoria University is a charitable organization based in Toronto, Ontario, classified by the CRA under teaching institutions. 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 April 30, 2024, it reported $72.6M in revenue and $54.9M in expenditures.
Its funding that year was roughly 5% from donations. In 2024, 32 other registered charities reported granting it a combined $1.5M.
Compared with 733 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 16% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group. Its highest-paid positions fell in the $300,000–349,999 range (2 positions in that band). The charity reported 201 permanent full-time positions.
Its filed list of directors and trustees shows 30 names.
In its own words
1) provide education to students pursuing various disciplines in the faculty of arts and science at the university of toronto 2) provide religious education to students pursuing professional and academic degrees in theology 3) provide financial aid to students through scholarships bursaries awards prizes and employment to assist them in completing their studies 4) provide housing and food services to studetns on campus 5) assist to promote and administer research to social sciences and humanities. 6) vic ready program to assist students with future planning.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $72.6M | $54.9M | $40.2M | $1.1M | — | $639.8M |
| 2023 | $62.6M | $49.4M | $36.9M | $1M | — | $609.2M |
| 2022 | $67M | $44.6M | $33.8M | $1.1M | — | $595.3M |
| 2021 | $39.1M | $41.5M | $31.8M | $1M | — | $581.6M |
| 2020 | $65.2M | $43.2M | $31.1M | $1M | — | $544.8M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $1.5M from 32 charities:
- The Buddhist Association of Canada$1M
- The United Church of Canada$112K
- Loch Tay Foundation$50K
- Vancouver Foundation$47K
- Aqueduct Foundation$36K
- The United Church of Canada Foundation$31K
- Toronto Foundation$30K
- Charitable Gift Funds Canada Foundation$30K
- London Community Foundation$20K
- The Norman and Margaret Jewison Charitable Foundation$15K
- Canadahelps Canadon$14K
- The United Church of Canada Foundation$13K
- United Way of Greater Toronto$10K
- Buddhist Education Foundation for Canada$10K
- Bursary Fund$7,027
- The United Church of Canada$6,600
- Hal Jackman Foundation$4,000
- BenefAction Foundation$3,768
- The Primrose Charitable Foundation$3,000
- Strategic Charitable Giving Foundation$2,950
- Burlington Community Foundation$2,600
- Canadian Online Giving Foundation$2,593
- Link Charity Canada Inc$2,500
- The WB Family Foundation$2,500
- Brampton and Caledon Community Foundation$1,322
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $300,000–349,9992 positions
- $250,000–299,9998 positions
- Permanent full-time positions201
- Total compensation, all staff$32M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Adam Kilner (director); Kate Cassaday (director); Robert Pemberton (director); Cynthia Crysler (chair); Martine Celej (director); Vas Rao (director); Hyeran Kim-Cragg (principal emmanuel college); Rhonda McEwen (president); James Janeiro (director); Pamela Angela Marchant (director); Brian Johnston (director); Jason Meyers (director); Julia Forgie (director); Mark Solovey (director); Julia Zarb (director); Marga Vicedo (director); Mark Austin (director); Shane Joy (director); Valerie Desouza (director); Peter Politis (director); Chad Alderson (director); Paul Stevens (director); Amy Mann (director); Adele Halliday (director); Lauren Hodgson (director); Hannah Brennen (director); Judith Newman (director); Nick Saul (director); Nevin El-Tahry (director); Rebecca Comay (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Victoria University’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 108173436RR0001), or read how we compute the receipt.