Wells Family Foundation
Private foundation · Edmonton, Alberta · BN 765372925RR0001 · Foundations
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($45) as filed with the CRA.
Wells Family Foundation is a private foundation based in Edmonton, Alberta, classified by the CRA under foundations. In its fiscal year ending March 31, 2024, it reported $100K in revenue and $45 in expenditures.
Its funding that year was roughly 100% from other charities.
As a grantmaker, it reported gifts to 2 qualified donees totalling $21K in 2020, the largest being $11K to First Peoples' Institute Inc.. Revenue has grown substantially over its filings on record here, from $46K in 2020 to $100K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
To solicit and recieve gifts bequests trusts funds and and property and beneficially or as a trustee or agent to hold invest develop manage accumulate and administer funds and property for the purpose of distributing funds and property exclusively to registered charities and 'qualified donees' under the provisions of the income tax act and to undertake activities ancillary and incidental to the attainment of the aforementioned charitable purposes.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $100K | $45 | — | — | — | — |
| 2023 | — | $45 | — | — | $45 | — |
| 2022 | — | $45 | — | — | — | $80K |
| 2021 | — | $45 | — | — | — | — |
| 2020 | $46K | $21K | — | — | $21K | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2020
Granted $21K to 2 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Larry Wells (director); Linda Wells (director); Leah Wells (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Wells Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 765372925RR0001), or read how we compute the receipt.