Westminster Savings Foundation
Public foundation · Surrey, British Columbia · BN 890463995RR0001 · Foundations · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($485,528) as filed with the CRA.
Westminster Savings Foundation is a public foundation based in Surrey, British Columbia, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $1.7M in revenue and $486K in expenditures.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 96% of peers.
As a grantmaker, it reported gifts to 8 qualified donees totalling $486K in 2024, the largest being $167K to University of the Fraser Valley. Revenue has grown substantially over its filings on record here, from $480K in 2020 to $1.7M in 2024. Its filed list of directors and trustees shows 7 names.
In its own words
Headhearthand foundation-helping youth thrive through holistic education financial literacy entrepreneurship career development and mentorship programs. Special olympics bc society-expanding inclusive sports and health programs give more youth and athletes access to services and support across communities in bc. Canucks autism network society helping young adults with autism gain life skills build friendships and grow toward independence through the yaa program archway community services society-improving operations with a new erp system to boost efficiency streamline administration…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $486K | — | — | $486K | $10.5M |
| 2023 | $714K | $512K | — | — | $512K | $9.3M |
| 2022 | -$1.1M | $554K | — | — | $554K | $0 |
| 2021 | $1.5M | $417K | — | — | $417K | $10.8M |
| 2020 | $480K | $334K | — | — | — | $9.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $486K to 8 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Colin Mackinnon (director); Dan Parmar (vice chair); Terrence Joseph Schmaltz (director and president); Kirsten McElgunn (director); Jennifer Scharf (secretary-treasurer); Laurie Ferguson (director); Art Van Pelt (director and chair).
As listed on its 2024 return.
Check the source
Every figure on this page is from Westminster Savings Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 890463995RR0001), or read how we compute the receipt.