US Foundation for Queen's University at Kingston

The US Foundation for Queen's University at Kingston is a 501(c)(3) tax-exempt organization established to support Queen's University in Kingston, Ontario, Canada. This nonprofit facilitates donations from U.S. residents to Queen's University, offering tax advantages under the Canada-United States Income Tax Convention for eligible contributors.

Purpose and Operations

The foundation focuses primarily on receiving contributions to support various initiatives at Queen's University, with nearly all of its revenue coming from donations. It does not generate income from program services, investments, or other sources beyond contributions.

Financial Overview

In recent years, the foundation has reported significant contributions, with figures often exceeding $1 million annually. For example, in the fiscal year ending April 2023, it received contributions totaling $1,465,092, which accounted for approximately 99.3% of its total revenue[2]. The foundation maintains minimal assets and no liabilities, reflecting its role as a conduit for donations.

Key Officers

Key figures involved in the management of the foundation include Michelle Fuko as President and Chad McLeod as Treasurer. These individuals oversee the organization's financial and operational activities, although they do not receive direct compensation for their roles[2].

Tax Exemption and Compliance

As a 501(c)(3) organization, the US Foundation for Queen's University at Kingston must file annual Form 990 returns with the Internal Revenue Service (IRS), providing detailed financial and governance information. This ensures transparency and compliance with U.S. tax regulations for exempt organizations[5].