2025-12-17T15:24:38+00:00 2025-06-30 346565596 ERNST & YOUNG US LLP 835 N COLLEGE AVENUE INDIANAPOLIS IN 46202 990 2024-07-01 237069576 Upper Canada College Foundation UPPE 4164881125 200 Lonsdale Road Toronto Ontario CA M4V1W6 Patti Macnicol Treasurer 4164881125 2025-12-17 true Jennifer D Rhoderick P00395735 3176817000 2025-12-17 2024 2025-03-06 01:10:19Z Patti Macnicol 200 Lonsdale Road Toronto Ontario CA M4V1W6 21126217 false X N/A X 1962 CA FUNDS PROVIDED TO UPPER CANADA COLLEGE PRIMARILY FOR NEEDS-BASED FINANCIAL ASSISTANCE FOR STUDENTS 13 13 0 13 0 5059028 5209147 0 0 844017 6057254 0 0 5903045 11266401 3458252 5332558 0 0 0 0 0 0 0 23518 13788 3481770 5346346 2421275 5920055 108995413 121880274 14242 18004 108981171 121862270 FUNDS PROVIDED TO UPPER CANADA COLLEGE PRIMARILY FOR NEEDS-BASED FINANCIAL ASSISTANCE FOR STUDENTS false false 5332558 5332558 0 FUNDS PROVIDED TO UPPER CANADA COLLEGE PRIMARILY FOR NEEDS-BASED FINANCIAL ASSISTANCE FOR STUDENTS 5332558 true true false false false false false false false true false false false false false false true false false true true true false false false false false false false false false false false false false false false false false false true false false false false false false false false false true X 0 0 0 false true CA false false false false false false false false false false X 13 13 false false false false false false false true true false false false false true true true false false false false false false X PATTI MACNICOL 4164881125 200 LONSDALE ROAD ONTARIO CA MRV1WR X ELLIOT JOHNSON BOARD CHAIR 0.5 0.0 X X 0 0 0 PATTI MACNICOL TREASURER 0.5 0.0 X X 0 0 0 BLAKE HUTCHESON EX-OFFICIO BOARD MEMBER 0.5 0.0 X 0 0 0 CHANAKYA SETHI BOARD MEMBER 0.5 0.0 X 0 0 0 CHRISTINE MCLEAN BOARD MEMBER 0.5 0.0 X 0 0 0 JAMES GARNER BOARD MEMBER 0.5 0.0 X 0 0 0 JP MACKAY BOARD MEMBER 0.5 0.0 X 0 0 0 MATTHEW FARB BOARD MEMBER 0.5 0.0 X 0 0 0 NIRAL MERCHANT BOARD MEMBER 0.5 0.0 X 0 0 0 PERCY WONG BOARD MEMBER 0.5 0.0 X 0 0 0 RAYMOND SHIU BOARD MEMBER 0.5 0.0 X 0 0 0 STEPHANIE TJON BOARD MEMBER 0.5 0.0 X 0 0 0 TANYA COVASSIN BOARD MEMBER 0.5 0.0 X 0 0 0 BRENDAN DELLANDREA EX-OFFICIO EXEC DIRECTOR 0.5 0.0 X 0 0 0 SAM MCKINNEY EX-OFFICIO PRINCIPAL 0.5 0.0 X 0 0 0 0 0 0 0 false false false 0 5209147 376688 5209147 0 0 0 0 0 0 0 15917070 9859816 6057254 0 6057254 6057254 0 0 0 0 0 11266401 0 0 6057254 0 0 5332558 5332558 0 0 0 0 0 0 ADMINISTRATIVE EXPENSES 13788 13788 0 0 0 0 5346346 5332558 13788 0 7389418 3343273 0 0 0 0 0 0 0 0 101605995 118537001 0 0 0 0 108995413 121880274 14242 18004 0 0 0 0 14242 18004 3662407 3151537 105318764 118710733 108981171 121862270 108995413 121880274 X 5920055 5802515 1158529 X false true true false X 4461409 653643 640673 5059028 5209147 16023900 0 0 4461409 653643 640673 5059028 5209147 16023900 9676425 6347475 0 0 0 0 0 0 0 0 16023900 0 0.39613 0.39472 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 98542620 7083988 4725777 110352385 85067816 6809944 6664860 98542620 78568455 1891033 4608328 85067816 88739576 659330 10830451 78568455 70046302 8074767 10618507 88739576 0.1818 0.0 0.8182 false false 24228745 5802515 7159829 12962344 11266401 0 0 11266401 7460437 2114091 2114091 5346346 0 0 5346346 Schedule D, Part V, Line 4 Intended uses of endowment funds The endowment fund consists of externally restricted contributions received by the Foundation where the endowment principal is required to be maintained permanently or administered in accordance with the Foundation's endowment management policies. The endowment fund also includes internal resources transferred by the Board to the Endowment Fund with the intention that they be managed in accordance with such endowment management policies. The investment income generated from assets held for endowment purposes must be used in accordance with the various purposes established by the donors or the board. The Foundation's Board has established endowment management polies with the objective of protecting the real value of the Foundation's funds by limiting the amount distributed to Upper Canada College and requiring any unexpended investment income to be retained. The application of these policies in any particular year involves the application of a distribution formula that results in an annual grant to Upper Canada College, which is more or less than the Foundation's income in such year, depending on its actual results. In any particular year, should net investment income be insufficient, the amount of that is distributed to the College is funded by a transfer from the Endowment Fund. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 FOREIGN RATE TRANSLATION DIFFERENCE - 6865786 TRANSFERS FROM UPPER CANADA COLLEGE - 294043 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FOREIGN RATE TRANSLATION DIFFERENCE - 2114091 true North America (Canada & Mexico only) 1 0 Grantmaking 5332558 North America (Canada & Mexico only) 0 0 Investments 118537001 1 0 0 0 1 0 123869559 0 123869559 North America (Canada & Mexico only) STUDENT FINANCIAL AID 5332558 BANK TRANSFER 0 N/A N/A 1 0 false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds GRANTS ARE REVIEWED DURING THE YEAR END AUDIT PROCESS. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual 4 376688 Market value 0 false false false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The organization is reporting the number of contributions. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS PREPARED BY THE ORGANIZATION'S TAX PREPARERS, AND REVIEWED BY THE ORGANIZATION'S TREASURER. Form 990, Part VI, Line 12c Conflict of interest policy ALL OFFICERS AND DIRECTORS ARE REQUIRED TO COMPLETE, SIGN, AND RETURN A CONFLICTS OF INTEREST DISCLOSURE TO THE ORGANIZATION ANNUALLY. ANY CONDUCT OF PRIVATE BUSINESS OR RENDERING OF PERSONAL SERVICES MUST BE DISCLOSED IMMEDIATELY IN WRITING TO THE SECRETARY OF THE BOARD OF GOVERNORS. FOLLOW-UP ACTION WILL BE DETERMINED BY THE CHAIRMAN OF THE BOARD OF GOVERNORS OF THE COLLEGE, IN CONSULTATION WITH THE VICE-CHAIRMEN. SHOULD A MEMBER OF THE BOARD OF GOVERNORS OR ANY COMMITTEE THEREOF HAVE A CONFLICT, HE/SHE MUST TEMPORARILY WITHDRAW FROM BOARD DELIBERATION, VOTING AND ACCESS TO APPLICABLE BOARD INFORMATION. Form 990, Part VI, Line 19 Required documents available to the public THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST. THE UPPER CANADA EDUCATIONAL FOUNDATION DOES NOT HAVE ITS OWN WEBSITE BUT DONORS AND PROSPECTIVE DONORS, AS WELL AS ANY OTHER INTERESTED PARTIES, CAN REQUEST THE DOCUMENTS FROM THE TREASURER AND THEY WILL BE PROVIDED. Form 990, Part XI, Line 9 Other changes in net assets or fund balances TRANSFERS FROM UPPER CANADA COLLEGE - 294042; FOREIGN RATE TRANSLATION DIFFERENCES - 864487; Total - 1158529;