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Ontario · Registered charity

THE UPPER CANADA COLLEGE FOUNDATION

THE UPPER CANADA COLLEGE FOUNDATION (Ontario) receives grants from 35 organizations whose Canada Revenue Agency filings report C$3,998,102 to it, the largest being UPPER CANADA COLLEGE (C$1,419,057). 27 of them have funded it in more than one year.

C$25M
Revenue FY2024
35
Funders on record
C$4.0M
Grants received
C$149M
Net assets
27/35 repeat funderspeak grant-dependency 15%

Against its field

THE UPPER CANADA COLLEGE FOUNDATION runs a healthier operating margin than three-quarters of the 61 support of schools and education nonprofits its size.

Operating margin81% · top quartile
Months of reserve25.0mo · top quartile
Revenue growth (annualized)11% · above the median

this organization peer median middle 50% of peers· 61 support of schools and education nonprofits $10M–$100M, FY2024

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 (C$12M) Expenses 100 (C$3.9M) Net assets 100 (C$98M)2018 Revenue 99 (C$12M) Expenses 93 (C$3.6M) Net assets 109 (C$107M)2019 Revenue 62 (C$7.5M) Expenses 100 (C$3.9M) Net assets 112 (C$110M)2020 Revenue 25 (C$3.0M) Expenses 106 (C$4.1M) Net assets 111 (C$109M)2021 Revenue 242 (C$30M) Expenses 108 (C$4.2M) Net assets 137 (C$135M)2022 Revenue -86 (C$-10494900) Expenses 117 (C$4.6M) Net assets 122 (C$120M)2023 Revenue 118 (C$14M) Expenses 121 (C$4.7M) Net assets 132 (C$129M)2024 Revenue 204 (C$25M) Expenses 125 (C$4.9M) Net assets 152 (C$149M)
'17'18'19'20'21'22'23'24
Revenue (204)Expenses (125)Net assets (152)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

30% of THE UPPER CANADA COLLEGE FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (2% for the typical peer).

This organization
Typical peer · 50 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.

C$8.3M
’17
C$8.5M
’18
C$3.7M
’19
−C$1.1M
’20
C$25M
’21
−C$15M
’22
C$9.8M
’23
C$20M
’24
25
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base narrowed from 16 funders to 15 funders, grant income fell C$672k → C$327k.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
total
C$1.4M
C$232k
C$228k
C$23k
funders
16
16
20
21
15
12
15
13

From the CRA filings of THE UPPER CANADA COLLEGE FOUNDATION’s funders (the co-funder graph). Top 30 of 35 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024 is still being filed and is shown unshaded; it does not move any figure on this page.

How concentrated its funding is

THE UPPER CANADA COLLEGE FOUNDATION has a broad base — no single funder exceeds 35% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE UPPER CANADA COLLEGE FOUNDATION.

35%
largest funder
52%
top three
~6
effective funders

Largest funder’s share by year: 2017 30% · 2018 27% · 2019 23% · 2020 38% · 2021 53% · 2022 69% · 2023 43% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024 is still being filed and is shown unshaded; it does not move any figure on this page.

How long its funders stay

59% of THE UPPER CANADA COLLEGE FOUNDATION's funders are still giving 3 years after their first grant; 77% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

90% of THE UPPER CANADA COLLEGE FOUNDATION's grant income comes from Ontario funders.

In-province vs out-of-province, by year

’17
’18
’19
’20
’21
’22
’23
Ontario out of province

Funder regions come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024 is still being filed and is shown unshaded; it does not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 35 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like THE UPPER CANADA COLLEGE FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every charity on the CRA register — the closest peers, and often the clearest route to shared or prospective funders.

In Ontario

Nationally

04Profile & governance

Read directly from this organization’s own T3010 return, as neutral context.

Where the money goes

100% of spending goes to programs.

Program 100%Management 0%Fundraising 0%

Governance

15
board members

Questions and answers

Who funds THE UPPER CANADA COLLEGE FOUNDATION?
THE UPPER CANADA COLLEGE FOUNDATION (Ontario) receives grants from 35 organizations whose Canada Revenue Agency filings report C$3,998,102 to it, the largest being UPPER CANADA COLLEGE (C$1,419,057). 27 of them have funded it in more than one year.
How many funders does THE UPPER CANADA COLLEGE FOUNDATION have?
Canada Revenue Agency filings report 35 organizations giving C$3,998,102 in grants to THE UPPER CANADA COLLEGE FOUNDATION, 27 of which have funded it in more than one year.
Who is the largest funder of THE UPPER CANADA COLLEGE FOUNDATION?
UPPER CANADA COLLEGE is the largest funder on record, with C$1,419,057 in grants. The full list of funders is on this page.
How can an organization like THE UPPER CANADA COLLEGE FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Ontario.

These figures are read directly from the CRA's published T3010 data: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 35 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported September 23, 2026. What this page cannot tell you · View the T3010 on the CRA register