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Contributions & Partners

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Philanthropy: an evolving sector

We remain committed to continued learning and improvement in our practice of philanthropy. In 2025 we began pursuing a new Democracy focus area, making a series of small funding commitments and convening an in-person meeting with initial partners. In addition, we pursued our commitment to transfer $30 million of our endowment to community-focused, Indigenous-led foundations and continued progress toward achieving a 100% impact investment portfolio by 2028 (more details in our Investments overview).

$8.3M

in funding to non-qualified donees (NQDs)

We contributed 26% of our total funding to NQDs (organizations without charitable status) whose work aligns with our mission. NQDs generate incredible impact in communities coast to coast to coast.

2025 financial overview

In 2025 we allocated 5.08% of our assets to charitable activities and less than 0.84% towards non-charitable and investment expenses.

We committed to two new capital transfers from our endowment to those of Indigenous-led foundations: $3 million to the Annauma Community Foundation and $1.5 million to the Eenou-Eeyou Community Foundation. Together with our previously announced partnerships with the Indigenous Peoples Resilience Fund and Ulnooweg, we have now allocated $16.5 million of our $30 million capital transfer commitment.

$34.1 million

Total charitable allocation in 2025

$690 million

Market value of endowment as of December 31, 2025

Donut chart titled “2025 Financial Overview” showing the breakdown of an organization’s financial allocations and expenses. The largest portion, shown in light purple, represents total assets at 93.63%. A highlighted yellow section represents total charitable allocation at 5.08%, which is further divided into 4.99% for contributions and initiatives and 0.09% for program expenses. Smaller magenta sections represent total non-charitable operating and investment expenses at 0.84%, including 0.45% for capital transfer. The chart uses callout lines and percentage labels around the circular graph.

Total charitable allocation in 2025

We allocated over $21.7 million to partners through our focus areas: Communities, Climate, Reconciliation and Democracy. An additional $7.1 million was directed to our Sector Building and Montreal funding streams.

*This graph does not include capital transfers

Donut chart titled “Total Charitable Allocation in 2025” showing the distribution of $28.8 million in charitable funding across six focus areas. Communities received the largest allocation at 26% ($7.5M), followed by Reconciliation at 25% ($7.2M) and Climate at 23% ($6.6M). Sector Building received 13% ($3.8M), Montreal received 11% ($3.3M), and Democracy received 1% ($0.4M). Each category is represented by a distinct coloured section with percentage and dollar value callouts around the chart.
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Learn more about our partners

We had the pleasure of partnering with a range of communities and organizations through our interconnected focus areas of Climate, Reconciliation, Communities and Democracy, as well as our Sector Building and Montreal funding streams.

510

funding applications

We received 510 funding applications in 2025.

737

office hours appointments

We held 737 conversations with groups considering applying for funding. These meetings were an opportunity to hear their ideas and advise on potential alignment with our strategies.

New and continuing partnerships

We added 100 partnerships across our funding areas and continued 148 others. Combined, they represent 248 active partnerships.

Stacked bar chart titled “New and continuing partnerships” showing 248 active partnerships, including 100 new and 148 continuing. Breakdown by category: Communities 59 (25 new, 34 continuing), Reconciliation 55 (21 new, 34 continuing), Climate 73 (29 new, 44 continuing), Democracy 6 (6 new, 0 continuing), Sector Building 19 (9 new, 10 continuing), and Montreal 36 (10 new, 26 continuing)

Where our partners work

Each year we map where our partners work to provide insight into where our support is going — and where it is not. This exercise informs future decisions and partnerships.

*This map does not include partners funded through our Montreal stream, or our program development and opportunity funds.

Map of Canada titled “Where our partners work” showing distribution of partners by region, including 35% pan-Canadian focus. Regional breakdown includes British Columbia 9%, Alberta 9%, Saskatchewan 6%, Manitoba 4%, Ontario 18%, Quebec 10%, Yukon 2%, Northwest Territories 3%, Nunavut 2%, and Atlantic provinces including Nova Scotia 7%, New Brunswick 4%, Newfoundland 3%, and Prince Edward Island 3%

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