2026 report
Amal Umar
Founding board member,
Immigrant Access Fund
©Windmill Microlending, 2026
All rights reserved.
Report for fiscal year 2026
(April 1, 2025 – March 31, 2026)
Remembering Dr. Maria Eriksen
Windmill’s journey began at Maria’s kitchen table,
fuelled by the inequity of doctors and engineers
working in survival jobs, unable to practice in Canada.
“To us, this work was about the difference between
earning a minimum wage and the market rate for your
profession. It was about the dignity of a career, self-
worth and quality of life.
When newcomers thrive, we all win. Families stabilize,
communities grow and the Canadian economy gains
highly trained professionals whose education was paid
for before they arrived, yet whose taxes and talents
benefit us all. Today, we continue the mission we
started at that table.”
Dr. Maria Eriksen
Founder,
Immigrant Access Fund
Lori Sterling
Chair, Board of Directors,
Windmill Microlending
Claudia Hepburn
Chief Executive Officer,
Windmill Microlending
20 years of converting potential into prosperity
A letter from our leadership
Twenty years ago, internationally trained doctors were working as janitors in Calgary’s Foothills Hospital because
their medical qualifications were not recognized. Canadian licensing was costly and complex, and traditional credit
was not available to newcomers.
Dr. Maria Eriksen saw this problem and set out to fix it. Immigrant talent, she believed, should not be wasted
for want of affordable credit.
Maria imagined that a non-profit lending program could make a difference and recruited a few volunteers,
philanthropists and loan guarantors in Calgary. Together, they made a handful of low-interest loans to help skilled
immigrants gain Canadian accreditation and employment. In doing so, they launched the grassroots effort that has
become a national success.
Twenty years later, Windmill is helping thousands of new Canadians realize their professional potential each year and
has been recognised by the Veritas Foundation as one of Canada’s most impactful charities. For every $1 donated,
Windmill generates over $4.71 in social and economic returns1.
Windmill helps put doctors and nurses into our hospitals; teachers into our classrooms; pharmacists and dentists
into our communities that lack them; and engineers, accountants and skilled tradespeople on our housing and
infrastructure projects. Our loans help families thrive, hospitals hum and businesses prosper. And they give the most
educated and selective immigrants more reason to choose Canada.
Over the past two decades, Windmill’s mission has remained the same, while our impact has grown thanks to our
dedicated staff, board of directors, campaign cabinet and hundreds of mentors. Together, we have supported nearly
15,000 skilled immigrants and refugees with over $165 million in approved loans. Consistently over time, our average
client has tripled his or her income. A PwC study also found that every 10,000 immigrants empowered by Windmill
generate $1.8 billion in new tax revenue for Canada2.
Today, too many internationally trained professionals are still shut out of their fields due to financial and systemic
barriers. Each year, according to the Royal Bank of Canada, our country loses $50 billion due to the underemployment
of skilled immigrants3. And each year, Windmill is striving to change that, by helping more skilled newcomers convert
their potential to prosperity.
With your support, we can build a future where every skilled newcomer has the opportunity to succeed.
1 The Veritas Foundation, 2025
2 Social Impact Study, PwC, 2023
3 Untapped Potential: Canada Needs to Close Its Immigrant Wage Gap, RBC Economics Report, 2019
Impact report
3
Windmill’s origins
In the beginning
In 2005, Calgary-based psychologist Dr. Maria
Eriksen brought together Aziza Kotadia, Kerry
Longpré, Corinne Tessier and Amal Umar to address
a frustrating reality: the skills of internationally trained
immigrants were being wasted. Corinne Tessier
recalls, “We were tired of seeing physicians delivering
pizzas and engineers driving taxis. We knew we had
to do something.”
Together, they set about to help. “Our challenge was
to develop a loan program with a conscience,” said
Amal Umar. “We did not set out to put people in debt,
but to assist them in their journey to accreditation and
integration into the labour market.”
The group partnered with the Calgary Foundation,
United Way and Momentum to launch the Immigrant
Access Fund (IAF), which later became Windmill
Microlending. With the generous support of early
champions Wayne and Eleanor Chiu, the organization
issued its first loans. In doing so, they began to prove
that affordable loans could unlock extraordinary
potential.
As demand for loans grew, Windmill supporters
and business leaders Jim Grey and Brian Felesky
recognized that traditional fundraising alone would
not be enough to meet the need. They suggested a
bold innovation: the guarantor model.
Under this model, IAF recruited a number of
philanthropic Calgarians who agreed to help secure
a line of credit at the Royal Bank of Canada (RBC).
The line of credit significantly increased our lending
capacity, and, over the next decade, allowed the
organization to serve its first 1,500 clients.
Brian Felesky (left) and Jim Grey, early IAF guarantors.
Photo by Photo by Kelly Hofer
Windmill Microlending
Photo by Kelly Hofer
Founding board member Corrine Tessier (left)
and Windmill CEO Claudia Hepburn.
Impact investments fuel growth
In 2017, IAF’s board hired Claudia Hepburn as CEO
and set an ambitious plan to scale up operations
across Canada. At the time, IAF was issuing about
400 loans a year, mostly in Western Canada,
supported by a $6 million line of credit from RBC.
To align with this new vision, the organization officially
rebranded as Windmill Microlending in 2018, marking
a pivotal shift in its identity and reach.
The guarantor model that had been so successful
in the early years wouldn’t be enough to meet the
organization’s growth in the next ten years. With
support from the Social Venture Exchange, Windmill
developed its first Community Bond to diversify our
capital base and keep the cost of capital low. The
bond offered investors a modest financial return while
supporting skilled immigrants and refugees through a
charity with a proven track record.
What began with a small group of early investors has
grown into a $60 million pool of loan capital, with every
Eleanor Chiu
Early supporter and guarantor
It’s a shame when barriers
keep skilled newcomers
from using their skills. We
were lucky to write the first
cheque, to try to help, and
I’m proud of that.”
“
dollar flowing to loans for immigrants and refugees.
Today, Windmill’s investors include foundations, faith-
based organizations, corporations and individuals, all
committed to measurable social impact.
Impact report
5
Philanthropy and government
partnerships
Guarantors, volunteers and public funding have
played a role since the early days, but philanthropy
has been the driver of Windmill’s growth. Since 2005,
over 1,800 donors have supported Windmill’s clients
and mission.
Building on this legacy, last year we publicly
launched our Potential to Prosperity Campaign, an
ambitious effort to dramatically scale our lending and
wraparound supports. This year, we are dedicated to
reaching our $50 million campaign goal, a milestone
that will help us transform lives for years to come.
Alongside our community of donors and investors,
public support through loan capital and grants
serves as an important pillar of our national
infrastructure. Through growing partnerships with
federal and provincial governments, including
Alberta, Ontario and Quebec, we continue to
expand our reach and ensure more clients than
ever can access the professional path forward.
Fuelling our momentum
Honouring Dr. Maria Eriksen’s vision
Two decades from when we started, Windmill has
grown far beyond financing. By integrating coaching,
financial literacy and mentorship, our holistic model
ensures skilled newcomers can leverage their
expertise to thrive and strengthen Canada.
Guided by Maria’s legacy, we remain committed to a
future where no talent is wasted. We can only imagine
how proud she would be to see how far we’ve come.
$4.71 is generated in social
and economic value, for every
$1 donated to Windmill.
Source: The Veritas Foundation, 2025
Windmill Microlending
Photo by Jazhart Studios Inc.
One of Windmill’s
very first clients
Dr. Eva Hadzima, a veterinarian
from Slovakia, was one of
Windmill’s early clients in 2005.
When she and her husband
arrived in Canada, their
veterinary degrees weren’t
recognized. What followed were
six gruelling years of survival
jobs like cleaning buildings,
delivering pizza and bathing
dogs — all while studying for
licensing exams on just a few
hours of sleep.
Windmill helped Dr. Hadzima
and her husband cover the
costly exams that stood between
them and returning to veterinary
practice. She still remembers
the first time Windmill founder
Dr. Eriksen called her “doctor,”
recalling, “I was in tears. It meant
the world to hear someone call
me doctor again.”
Today, Dr. Hadzima and her
husband own a veterinary clinic
in De Winton, Alberta, and
they support other newcomers
working to reaccredit in
veterinary medicine.
Impact report
7
Loan purpose
% of approved loans
17%
Economic Mobility
Pathways Pilot
13%
Career
change
6%
Professional
development
64%
Credential
recognition
Province of residence
51%
22%
12%
6%
2%
Ontario
Alberta
British Columbia
Atlantic
Quebec
Manitoba
Saskatchewan
2%
5%
*All figures are for April 1, 2025 to March 31, 2026.
Fiscal year 2026*
Our impact
Top 5 countries of origin
Listed in alphabetical order
Afghanistan • India
Iran • Nigeria
Philippines
Top 5 professions
Dentists • Doctors
Nurses • Personal support
workers • Pharmacists
Listed in alphabetical order
Approved loans
$30.2 Million
Total loan value
2,464
Total new loans
Windmill Microlending
Dr. Kunmi Akarikiri, Physician
Windmill client now treating
patients in the rural community
of Pincher Creek, Alberta
Photo by Jazhart Studios Inc.
On average, Windmill’s
clients triple their
income after credential
recognition. Additionally,
every 10,000 clients
supported by Windmill
generate $1.8 billion in
lifetime federal
tax revenue.
Source: Social Impact Study, PwC, 2023
2,400+
Five-star
Google reviews
Client satisfaction
97
Net Promoter
Score (NPS)
96%
Of our Google reviews
are five-star
The Net Promoter Score (NPS) is a metric measuring a client’s
likelihood to refer friends or family, on a scale from -100 to 100.
What is NPS?
Impact report
9
Windmill Microlending
Behind every loan there’s a coach
who cares
Coaches create a safe, respectful space for clients
to discuss career goals, household finances and the
challenges of rebuilding their professional lives in
Canada. From early conversations through to loan
repayment, they help set expectations, track progress
and map out clear next steps.
Client Success Coach, Christopher Lau, has supported
Windmill clients for nearly 7 years. He says, “Moving
to Canada is both stressful and exciting, so I always
offer positive reinforcement. Having coached many
newcomers, I know what’s possible and remind them
that their goals are attainable.”
While each client’s situation is unique, many face
similar challenges. One common hurdle is
understanding how Canada’s credit and financial
systems work. To address this, coaches connect
clients to Windmill’s money management modules,
free tools designed to build essential financial
literacy skills.
At its core, coaching is about trust, follow-through
and momentum, so clients can move forward with
clarity and confidence.
A new model for mentorship
Windmill’s mentorship program was created in 2019
to connect clients with professionals in their field. In
November, we reimagined our program and launched
MentorChats.
MentorChats introduces a flexible, coffee chat-style
virtual networking experience that connects clients
with professionals who can share industry insights,
career advice and practical guidance. Participants can
engage organically, reaching out to mentors as they
choose and expanding their professional networks
through the Community Success Hub, Windmill’s online
mentorship platform.
This approach fosters deep, professional connections
that benefit both the mentor and the mentee. Dr.
Christine Liptay, a Windmill mentor, noted that her
mentee, Dr. Ilana Lagosta’s diligence in obtaining
medical licensure and her advocacy for other
international medical graduates (IMGs) has been
“nothing short of inspirational.” Dr. Liptay added,
“Ontario needs exceptional IMGs like Dr. Lagosta and it
has been a privilege to play a small part in her journey.”
For Dr. Lagosta, this relationship provided critical
exposure to the Canadian healthcare system. “My
Windmill mentor, Dr. Liptay, has been empathetic
and very approachable,” says Dr. Lagosta. “With her
support, I had the opportunity to volunteer at a family
practice clinic, where I’ve been exposed to primary
care alongside a wonderful team of family doctors.”
Since launching in November 2025, MentorChats
has welcomed 61 new mentors, increased mentorship
matches by 130 percent per month and driven a 263
percent increase in monthly chats.
Support beyond loans
Christopher Lau
Client Success Coach, Windmill Microlending
Windmill Microlending
From refugee
to dentist
Dr. Cesar Garrido arrived in
Canada from Venezuela in 2017
as a refugee, leaving behind a
successful career as a dentist
and oral surgeon. In Montreal, he
faced a tough reset: navigating
a new language, a complex
licensing process and the high
costs of exams, all while trying
to build a stable life for his
growing family.
Like many newcomers, Dr.
Garrido worked wherever
he could to keep moving
forward, from construction and
warehouse shifts to a role as
a dental assistant. Windmill’s
support helped him navigate the
journey from temporary work
to his true vocation. A Windmill
loan helped cover early licensing
costs and basic study tools, but
coaching sessions were just
as important.
“It felt almost impossible to do
this without the help of financial
support and coaching,” said
Dr. Garrido. “Windmill gave me
something really important:
the ability to believe this was
possible.”
Today, Dr. Garrido is caring for
patients again as a dentist in
Laval, Quebec.
Photo by NNL Photos
Impact report
11
Celebrating 20 years
Loan value
approved
Clients served
First line of
credit with loan
guarantors
Expanded to
Saskatchewan
2006
2012
Became a national
organization:
Immigrant Access
Fund Canada
2015
Launched Immigrant
Access Fund (IAF)
in Calgary
2005
Expanded
to Edmonton
2007
Expanded
to Ontario
2014
Rebranded
as Windmill
Microlending
2018
$18K
2005
$1M
100
2008
$10M
1,000
2014
Impact, innovation and growth timeline
Cumulative
totals
Windmill Microlending
Launched Cost+
Zero loans,
removing faith-
based barriers to
financial support
Launched
Economic
Mobility Pathways
Pilot loans to
support refugee
resettlement
2020
2023
Publicly
launched the
Potential to
Prosperity
campaign
2025
Introduced
financial literacy
training and
the mentorship
program
2019
Expanded
to Quebec
2019
Launched
the Community
Success Hub
for clients
2021
Launched
Healthcare
Reaccreditation
loans
2024
$100M
10,000
2024
$50M
5,000
2021
$165M+
15,000
2026
Impact report
13
4 Caring for Canadians: Canada’s Future Health Workforce, Government of Canada, 2025.
®/™ Trademark(s) of Royal Bank of Canada and Royal Bank are registered trademarks of Royal Bank of Canada. Used under license.
Dr. Murshed, pictured with his four children, is
building a new life in Fredericton, New Brunswick.
Supporter highlights
Royal Bank of Canada (RBC) landmark
donation helps address primary
healthcare shortages
Since 2006, RBC and Windmill Microlending have
worked together to expand opportunities for skilled
newcomers. This year, our partnership marks a
milestone, with the largest corporate donation in
support of healthcare workers ever made to Windmill.
RBC recognized that Canada faces a shortage of
approximately 22,800 family physicians4. In response
to this critical shortage, RBC’s grant will enable 850
internationally trained physicians to restart their
careers, helping improve access to primary care and
advancing health equity across Canada.
Dr. Asem Murshed is one such physician who recently
benefitted from a Windmill loan. After arriving in
Canada with his family as a refugee from Yemen
in 2017, Dr. Murshed began the long, demanding
process of rebuilding his medical career. Each step
required patience and persistence as he learned
how to navigate the complex relicensing system. A
volunteer opportunity with the Stroke Prevention and
Atherosclerosis Research Centre at Western University
allowed him to gain Canadian experience and build
his network.
Using a $15,000 loan from Windmill Microlending, he
was able to finance his licensing exams and dedicate
the time needed to pursue clinical opportunities
without compromising his family’s stability. Dr.
Murshed is now completing his residency with Dr.
Everett Chalmers Regional Hospital in Fredericton in
Family Medicine, with the eventual goal of completing
a fellowship in Emergency Medicine.
RBC’s most recent donation will fund loans and
comprehensive wraparound supports for foreign-
trained doctors. These supports help ensure
physicians like Dr. Murshed have both the financial
backing and personalized guidance needed to
successfully navigate the reaccreditation process.
Impact Genome rated
Windmill’s social program
as 100% effective,
assessing Windmill’s
efficiency, efficacy and
evidence of success.
Windmill Microlending
Supporting success in Quebec
By investing in excellence and ethics, the Jarislowsky
Foundation has driven Windmill’s growth in Quebec
for seven years. Their support opens doors for
newcomers and fosters a more sustainable future.
As Eve Beauchamp, Executive Director of the
Jarislowsky Foundation, explains: “If we can give
people a boost to requalify in a field that better
matches their skills and allows them to contribute
more to their new country, it will help them build a
better life, fully integrate and create opportunities
for their children.”
This is a partnership grounded in trust. The Jarislowsky
Foundation prioritizes strong governance, measurable
impact and rigorous oversight to ensure funds are used
responsibly and reach those who need them most.
Windmill’s disciplined and accountable approach has
reinforced that confidence.
As Eve notes, the model is a “win-win,” addressing
labour shortages while helping skilled newcomers
rebuild their careers and lives in Canada, creating
a lasting impact across generations.
Family philanthropy
For the Louis family, philanthropy is a long-standing
family tradition. Through their foundation, the Louis
family comes together across generations to support
charities that deliver meaningful, practical impact in
their community. By supporting internationally trained
healthcare professionals, the Louis family addresses
British Columbia’s workforce shortages while helping
individuals advance their careers.
Aron Louis values Windmill’s efficiency, noting the
high “amount of good done per dollar,” a reflection of
the family’s commitment to investing in solutions that
create lasting opportunity.
A personal commitment to
supporting immigrant talent
Rohit Bhapkar’s support of Windmill is rooted in both
personal experience and recognition of the economic
value of Windmill’s work. Learning about his father’s
struggle as an internationally trained engineer
driving a taxi in Canada gave Rohit a deeply personal
understanding of the barriers newcomers face, fuelling
his determination to take action.
As a Senior Partner at McKinsey & Company, Rohit
was drawn to Windmill’s sustainable lending model,
where donated capital is repaid and reinvested to
generate ongoing impact.
In addition to his donation and community bond
investment, Rohit contributes his time as a campaign
cabinet member. “The quicker someone feels part
of Canada, like they’re contributing and they have a
future in Canada, the better it will be for everyone,”
says Rohit.
Louis family, donors.
Impact report
15
Key partnerships
Driving social impact through
community bonds
For the Fondation Lucie et André Chagnon, investing
in Windmill Microlending is rooted in a powerful belief:
when you support an individual, the impact extends to
their family and community.
Since 2022, the Fondation has been a key investor in
Windmill’s Community Bond, aligning their investment
with their mission to prevent poverty and all other
forms of inequities, so that all children and young
people can develop their full potential. Chagnon
recognizes that a child’s future is inseparable from
their family’s present stability.
As Jérôme Lacasse, Chagnon’s Director of Social
Finance, explains, “Helping children [thrive] starts
with their parents being able to improve their
conditions, whether it is employment prospects or
salary. If parents reach their full potential, it trickles
down to their children through better housing, better
food and more quality time together.”
For Chagnon, these bonds are a practical, scalable
tool. Élyse Vigneault, Senior Analyst of Social Finance,
notes, “Investing can go hand in hand with social
impact.” By proving financial returns and social
development coexist, Chagnon hopes to inspire more
institutions to deploy resources for the common good.
Behind every EMPP success story
Resilience and talent are rarely enough to overcome
the financial hurdles of displacement, but together
we can clear the path. Through the federal Economic
Mobility Pathways Pilot (EMPP), TalentLift Canada
connects skilled refugees with the Canadian workforce
to fill critical vacancies. Windmill then provides the
essential capital to cover daunting resettlement costs.
Since 2024, nearly $3.5 million in loans have served
as bridges for 263 refugees. Once established, these
clients repay their loans at a remarkable 97.6% rate.
Sabri, a Sudanese personal support worker, arrived
in 2024 with his family. Now working with SE Health
in Atlantic Canada, he shares: “Without this support,
my family would not have the life we have today.
I am proud to give back to the community that
welcomed us.”
This impact is made possible by IRCC, TalentLift
and donors like FOCUS, who invested $3 million
in community bonds. Together, we are ensuring
displacement is followed by a successful new
chapter in Canada.
Sabri arrived in Canada ready to work as a personal
support worker through the EMPP program.
Jérôme Lacasse
Chagnon’s Director of Social Finance
Windmill prevents inequity
by providing credit to
newcomers. It helps them
improve their conditions
while contributing to the
Canadian economy.”
“
Windmill Microlending
Celebrating our people
To mark our 20th anniversary, we are honouring
our incredible team. Here are a few long-standing
members who grew alongside Windmill and continue
to make a lasting impact:
Jahnavi Joshi “JJ”, Loan Administrator: Since 2013,
during the paper-application era, JJ has championed
Windmill’s mission across frontline client support, loan
management and finance. Her genuine care for both
clients and colleagues embodies Windmill’s culture.
Joyce Wan, Senior Client Success Coach: Since
2013, Joyce has been a steadfast coach, always there
to listen, support and remind clients that success is
within their grasp. She is often the first person clients
call to celebrate a passed exam or proud milestone,
and it’s her kindness that they praise in our 5-star
Google reviews.
Carrie Church, National Director of Operations: Since
2014, Carrie has been vital to our evolution from IAF
to Windmill today. From leading HR and performance
management to strengthening operational and
organizational effectiveness, she has been
instrumental in shaping our diverse, passionate team.
Organizational values
Windmill Microlending is proud to
be Great Place to Work certified.
Based on employee feedback,
our staff experience a culture of
fairness and inclusivity, exceptional
teamwork and strong leadership.
A great place to work, powered
by purpose
Twenty years on, our mission continues to be driven
by a deeply committed team. Earning a Great Place
to Work certification reflects the pride we take in our
daily work and collective impact.
This pride is rooted in who we are. As a signatory to
the Government of Canada’s 50/30 challenge, Windmill
is committed to fostering diverse leadership and
decision making. We believe that our team’s personal
connections to immigration allows us to empathize
with the challenges our clients face, ensuring that lived
experience remains at the heart of everything we do.
Joyce Wan (left),
Jahnavi Joshi and
Carrie Church (right).
Impact report
17
General fund
Restricted fund
Loan capital fund
2026
2025
Assets
Current
Cash and cash equivalents
2,441,318
7,273,306
9,714,624
3,672,217
Accounts receivable
88,922
296,238
158,665
543,825
1,813,518
Goods and services tax recoverable
38,805
38,805
42,650
Prepaid expenses and deposits
98,077
156,302
254,379
280,366
Current portion of loan capital receivable
17,049,575
17,049,575
14,348,180
2,667,122
296,238
24,637,848
27,601,208
20,156,931
Loan capital receivable
40,504,027
40,504,027
40,145,135
Capital assets
242,796
242,796
318,512
2,909,918
296,238
65,141,875
68,348,031
60,620,578
Liabilities
Current
Accounts payable and accrued liabilities
241,803
484,267
726,070
724,021
Deferred administration fees
44,855
44,855
81,915
Deferred donations and grants
264,537
264,537
Due to (from) funds
1,946,117
296,238
(2,242,355)
Current portion of bonds payable
-
9,100,000
9,100,000
8,975,000
Current portion of loan guarantees
-
1,784,841
1,784,841
2,452,457
296,238
9,171,608
11,920,303
9,780,936
Community bonds payable
28,090,700
28,090,700
27,790,700
Loan guarantees payable
6,611,650
6,611,650
5,677,603
2,452,457
296,238
43,873,958
46,622,653
43,249,239
Commitments
Net assets
Unrestricted assets (deficiency of)
214,665
214,665
112,949
Invested in capital assets
242,796
242,796
318,512
Restricted assets
21,267,917
21,267,917
16,939,878
457,461
21,267,917
21,725,378
17,371,339
2,909,918
296,238
65,141,875
68,348,031
60,620,578
As at March 31, 2026
Statement of financial position
Windmill Microlending
General fund
Restricted fund
Loan capital fund
2026
2025
Revenue
Foundation grants
2,015,422
4,003,750
6,019,172
3,967,679
Donations
3,572,253
839,516
4,411,769
6,260,971
Interest
3,495,533
3,495,533
3,308,270
Government funding
2,674,738
2,674,738
3,638,199
Other
3,124
205,539
208,663
321,371
5,590,799
2,674,738
8,544,338
16,809,875
17,496,490
Expenses
Salaries and benefits
3,916,012
1,720,477
5,636,489
5,899,185
Provisions for bad debts
3,007,927
3,007,927
4,000,278
Loan delivery and portfolio administration
300,809
1,198,972
1,499,781
1,371,369
Office
655,890
254,777
910,667
862,240
Advertising and promotion
351,827
233,355
585,182
992,787
Rent
161,896
102,291
264,187
330,068
Professional fees
183,999
17,857
201,856
307,959
Project costs
152,280
37,497
9,400
199,177
206,225
Amortization
113,432
113,432
163,400
Insurance
23,515
2,571
26,086
18,314
Bank charges and interest
5,948
5,104
11,052
10,787
5,564,799
2,674,738
4,216,299
12,455,836
14,162,612
Excess of revenue over expenses
26,000
4,328,039
4,354,039
3,333,878
For the year ended March 31, 2026
Statement of operations
Impact report
19
Public funders
Visionary
contributors
$1M+ cumulative
Crux Capital
Definity Financial Corporation
Claudia Hepburn
Pathy Family Foundation |
Fondation de la famille Pathy
Royal Bank of Canada
The Rossy Foundation
Scotiabank
TD Bank Group
Anonymous (3)
$500,000-$999,999
Robert & Mary Pat Armstrong
The Azrieli Foundation
CIBC
Coast Capital
The John Dobson Foundation
The Hunter Family Foundation
Intact Financial Corporation
Manulife
John Montalbano
Munford Family Foundation
The Petman Foundation
Anonymous (2)
$250,000-$499,999
Vlad Bregman
The Dalglish Family Foundation
Definity Insurance Foundation
Donner Canadian Foundation
Peter Gilgan Foundation
Infilise Foundation
Maureen Killoran and
Raymond Daniels
Pierre Lassonde Family
Foundation
Walt and Katie Macnee
Mastercard Impact Fund, with
support from the Mastercard
Center for Inclusive Growth
McKay Family Foundation
Bruce H. Mitchell Foundation
Power Corporation of Canada
Richard Rooney
Shaw Family Foundation
The Church of Jesus Christ of
Latter-day Saints
The Rebanks Family
The Young Fund Hamilton
Community Foundation
$100,000-$249,999
ATB Financial
Bell Canada
Rohit Bhapkar &
Jaswinder Salh
The Birks Family Foundation /
La Fondation de la famille Birks
BMO
J. Armand Bombardier
Foundation | Foundation J.
Armand Bombardier
Borden Family
Canada Life
Canadian Western Bank
Dr. John Rekai C.M. and Kati
Rekai C.M. Memorial Fund
Connor, Clark & Lunn
Financial Group
The Counselling Foundation
of Canada
Donald Family
Adam Felesky
Tony & Shari Fell
The Flanagan Foundation
La Fondation Emmanuelle
Gattuso
The Morris & Rosalind
Goodman Family Foundation
GROW Fund at Toronto
Foundation
KPMG Canada
Laurentian Bank
Lifeline Syria Fund at Toronto
Foundation
Longview Asset Management
Ltd.
Anita Lorelli and Mark Wallace
Nancy & Jon Love
Louis Family
Manji Family
Max Bell Foundation
Maytree Foundation
Susan McArthur
Dr. Kieran Murphy
The Earle and Janice O’Born
Family Foundation
The Prosser Charitable
Foundation
Sienna For Seniors Foundation
Diane Blake and Stephen Smith
Toronto Pearson International
Airport
Trottier Family Foundation
True Patriot Love Foundation
R. Howard Webster Foundation
/ Fondation R. Howard Webster
The Estate of Edward Liptay
The W. Garfield Weston
Foundation
Michael Guerriere and
Miyo Yamashita
Anonymous (5)
Annual contributors
$1M+
Royal Bank of Canada
Anonymous
$100,000-$999,999
Robert & Mary Pat Armstrong
The Azrieli Foundation
BMO
Dr. John Rekai C.M. and Kati
Rekai C.M. Memorial Fund
The Dalglish Family Foundation
Definity Financial Corporation
Claudia Hepburn
The Hunter Family Foundation
Infilise Foundation
Intact Financial Corporation
Pierre Lassonde Family
Foundation
McKay Family Foundation
John Montalbano
Bruce H. Mitchell Foundation
Munford Family Foundation
Pathy Family Foundation/
Fondation de la famille Pathy
Richard Rooney
Shaw Family Foundation
The Rossy Foundation
Scotiabank
TD Bank Group
Anonymous (3)
$50,000-$99,999
ATB Community Foundation
Bell Canada
Canada Life
CIBC
Crux Capital
The John Dobson Foundation
Tony & Shari Fell
Manjis Holdings Ltd
Maureen Killoran and
Raymond Daniels
KPMG Canada
Louis Family
The Earle and Janice O’Born
Family Foundation
The Petman Foundation
Power Corporation of Canada
Diane Blake and Stephen Smith
The Young Fund Hamilton
Community Foundation
Anonymous (3)
$25,000-$49,999
Anderson College
The Birks Family Foundation /
La Fondation de la famille Birks
Borden Family
Jan and Janice Drent
The Morris & Rosalind
Goodman Family Foundation
The Gould Foundation
Herzing Institutes of Canada,
Ltd.
The Kermani Family
Longview Asset Management
Ltd.
Nancy & Jon Love
Sienna for Seniors Foundation
Steel Canada Resources Ltd.
The United Church of Canada
Foundation
Trottier Family Foundation
Anonymous (2)
$10,000-$24,999
ATB Financial
Rohit Bhapkar &
Jaswinder Salh
Gilda and Yousry Bissada
Cliff Cameron
CIBC Mellon
Deb Barrett and Jim Leech
Salim Bhanji and Salima Esmail
Donner Canadian Foundation
Karl Jeam Legacy Loan Fund
Claire Kennedy
Janelle Lassonde
Susan McArthur
Meighen Family Foundation
Vanessa Morgan
Dr. Kieran Murphy
The O’Sullivan Family
The Octavio Ventura Memorial
Fund at Calgary Foundation
Andrew and Valerie Pringle
Meike Erichsen and Gonzalo
Cristian Rosa Vasquez
Spira Equity Partners
Lori Sterling
Tamaratt Endowment Fund at
Calgary Foundation
Wesbild
Anonymous (3)
$5,000-$9,999
Michael & Andrea Barrack
Equitable Bank
Fondation du Grand Montréal
Shaun Francis
The Scott Griffin Foundation
Patricia Hartnagel
Peter Hwang
John Kerr
Max Bell Foundation
Frank and Patricia Mills
Gerald Soloway
Nicola Lemmer and Jim Stobie
Brent Sutton and
Lesley MacGregor
Steinbach Credit Union
The D.R. Ashford Fund at
Calgary Foundation
The Linda Frum & Howard
Sokolowski Charitable
Foundation
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