Y.P. Heung Foundation
Private foundation · Vancouver, British Columbia · BN 821009289RR0001 · Foundations · website
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($4,051,978) as filed with the CRA.
Y.P. Heung Foundation is a private foundation based in Vancouver, British Columbia, classified by the CRA under foundations. In its fiscal year ending June 30, 2024, it reported -$1.1M in revenue and $4.1M in expenditures.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 50% of peers.
As a grantmaker, it reported gifts to 69 qualified donees totalling $3.8M in 2024, the largest being $605K to Simon Fraser University. Its filed list of directors and trustees shows 2 names.
In its own words
Continue to support health education and arts & culture - two voluntary advisors continue to meet regularly to assist the trustees in identifying and evaluating areas that require support. Volunteer administrators help with administrative duties.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | -$1.1M | $4.1M | — | — | $3.8M | $37.3M |
| 2023 | -$2.2M | $3.6M | — | — | $3.2M | $42.5M |
| 2022 | $3.3M | $2.6M | — | — | $2.2M | $48.2M |
| 2021 | $21.2M | $1.7M | — | — | $1.5M | $47.5M |
| 2020 | -$2.1M | $1.7M | — | — | $1.4M | $28.1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $3.8M to 69 qualified donees — largest 25 shown:
- Simon Fraser University$605K
- ST. Paul's Foundation of Vancouver$485K
- BC Women's Health Foundation$210K
- Kwantlen Polytechnic University Foundation$174K
- Health and Home Care Foundation of BC$167K
- YWCA British Columbia$150K
- Cumberland and District Historical Society$148K
- Resurrection Recovery Resource Society$125K
- The University of British Columbia$120K
- United Way British Columbia$100K
- Charlford House Society for Women$85K
- Capliano University Foundation$75K
- Langara College Foundation$75K
- DataStream Initiative$75K
- Vancouver Community College Foundation$61K
- University of Victoria$60K
- Emily Carr University of Art and Design Trust Fund$60K
- Arts Umbrella Association$60K
- The Bloom Group Community Services Society$54K
- Vancouver Cycling Without Age Society$51K
- YMCA BC$50K
- Vancouver Botanical Gardens Association$50K
- Kelowna Visual and Performing Arts Centre Society$50K
- Pacific Region International Summer Music Association$50K
- Pioneer Community Living Association$50K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Raymond Heung (trustee); Terry Heung (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Y.P. Heung Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 821009289RR0001), or read how we compute the receipt.