Watermark Foundation
Private foundation · Vancouver, British Columbia · BN 801609371RR0001 · Organizations Relieving Poverty
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($8,735) as filed with the CRA.
Watermark Foundation is a private foundation based in Vancouver, British Columbia, classified by the CRA under organizations relieving poverty. In its fiscal year ending December 31, 2024, it reported $58K in revenue and $8,735 in expenditures.
Its funding that year was roughly 104% from donations.
Compared with 2,855 poverty-relief charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 20% of peers. Its fundraising cost per donated dollar was lower than 100% of that peer group. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 3 qualified donees totalling $6,000 in 2024, the largest being $3,000 to Jewish Federation of British Columbia. Revenue has grown substantially over its filings on record here, from $31K in 2020 to $58K in 2024. Its filed list of directors and trustees shows 3 names.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $58K | $8,735 | $0 | $0 | $6,000 | $250K |
| 2023 | $53K | $5,375 | $0 | $0 | $5,000 | $201K |
| 2022 | $52K | $1,846 | — | — | — | $153K |
| 2021 | $30K | — | — | — | — | $103K |
| 2020 | $31K | $895 | — | — | — | $73K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $6,000 to 3 qualified donees:
- Jewish Federation of British Columbia$3,000
- Broadway Pentecostal Church$2,500
- Willingdon Church$500
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Andrew Tong (director); Jennifer Tong (director); Sing Djien Liem (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Watermark Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 801609371RR0001), or read how we compute the receipt.