Wealthsimple Foundation
Charitable organization · Toronto, Ontario · BN 796584738RR0001 · Organizations Relieving Poverty · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($687,398) as filed with the CRA.
Wealthsimple Foundation is a charitable organization based in Toronto, Ontario, classified by the CRA under organizations relieving poverty. In its fiscal year ending December 31, 2024, it reported $833K in revenue and $687K in expenditures.
Its funding that year was roughly 97% from donations. In 2024, 1 other registered charity reported granting it a combined $655.
Compared with 2,470 poverty-relief charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 21% of peers. Its highest-paid position fell in the $160,000–199,999 range. The charity reported 3 permanent full-time positions.
It reported gifts to 5 qualified donees totalling $63K in 2024, the largest being $26K to Covenant House Toronto. Its filed list of directors and trustees shows 3 names.
In its own words
Personal finance education; tax clinics; resp set-up and support; and canada learning bond application support.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $833K | $687K | $417K | $67K | $63K | $625K |
| 2023 | $874K | $677K | $391K | $51K | $72K | $480K |
| 2022 | $876K | $826K | $366K | $74K | $36K | $282K |
| 2021 | $580K | $236K | $60K | $34K | $20K | $232K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $63K to 5 qualified donees:
Received $655 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $160,000–199,9991 position
- $40,000–79,9992 positions
- Permanent full-time positions3
- Total compensation, all staff$318K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Sue Gillespie (director); Caroline Gayle (director); Luke Connell (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Wealthsimple Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 796584738RR0001), or read how we compute the receipt.