Charity BreakdownCanadian charity filings, itemized

Wesmont Foundation

Private foundation · Langley, British Columbia · BN 757376538RR0001 · Foundations

Every $100 spentWesmont FoundationFiscal year ended July 31, 2024
Gifts to other charities$97
Management & admin$3
TOTAL$100
Registered

Source: T3010 return, FPE 2024-07-31. Split of total expenditures ($543,677) as filed with the CRA.

Wesmont Foundation is a private foundation based in Langley, British Columbia, classified by the CRA under foundations. In its fiscal year ending July 31, 2024, it reported $359K in revenue and $544K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.

Its funding that year was roughly 11% from donations.

Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 74% of peers.

As a grantmaker, it reported gifts to 43 qualified donees totalling $537K in 2024, the largest being $125K to The Evangelical Free Church of Canada - Canadian Pacific District. Revenue has declined over its filings on record here, from $2.1M in 2020 to $359K in 2024. Its filed list of directors and trustees shows 5 names.

The ledger, 20202024

YearRevenueSpendingProgramsFundraisingGifts outNet assets
2024$359K$544K$1,436$527K$2.7M
2023$762K$329K$2,082$311K$2.5M
2022$281K$317K$10K$293K$2.1M
2021$371K$278K$265K$2.1M
2020$2.1M$21K$17K$2M

Revenue printed in red where the year ran a deficit. Fiscal years by period end.

Private foundation — endowment and payout, July 31, 2024

Held at year end$2.7M$2,677,137 in total assets
Given away$527Kto 43 charities
That is19.7%of what it holds
Where the money came from
  • Investment income$321,058
  • Receipted donations$37,700

This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.

Money between charities, 2024

As reported on the donors’ own T3010 qualified-donee schedules.

Directors & trustees (2024)

Sydney Tilstra (president); Corinne Tilstra; John Tolstra; Yi Cheng Chen; Joel Tilstra.

As listed on its 2024 return.

Check the source

Every figure on this page is from Wesmont Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 757376538RR0001), or read how we compute the receipt.