Bromley Charities That Funded Quest: $425 Million in Tax-Receipted Donations ($870 Million in Total)

A total of $425 million in tax-receipted donations. That's what was reported by ten of The Bromley Charities that were most closely involved in funding the start-up of Quest University. That figure includes only $30.5 million of the $79 million reported by Theanon Foundation and none of the of the tax-receipted donations reported by the C&R Foundation/Loyalty Foundation  nor CHIMP Foundation (which reported $101 million and $302 million, respectively).

We know for sure that C&R Foundation (Greg Kerfoot) was involved in the early funding of Quest University because this is mentioned in correspondence from the Canada Revenue Agency.

CHIMP Foundation was involved in Quest University's financial history in the sense that CHIMP held Quest's $20 million mortgage until CHIMP "gifted" that mortgage to Vanchorverve Foundation in 2018. When that loan came due on November 1, 2019 and Quest was unable to pay, the university was forced into creditor protection.

An important point to note is that if CHIMP hadn't handed off Quest's mortgage to Vanchorverve Foundation then the charity that would have been in the news about foreclosing on Quest University would be CHIMP, not Vanchorverve.

Now, back to the issue of the total amount of tax-receipted donations reported by The Bromley Charities Involved in the early funding of Quest ...

Below, here are the tax returns and financial statements for ten Bromley Charities that reported a total of $870 million in tax-receipted donations. All of these charities were involved in various ways in funding the early start-up of Quest and its later loans and mortgages.

1. Theanon Foundation Tax-Receipted Donations $79 Million (2000-2017)
2. Stewart & Marilyn Blusson Foundation $123 Million (2006-2011)
3. Association for the Advancement of Scholarship, $30 Million (2006)
4. Sea to Sky Foundation, $89 Million (2005-2007)
5. Quest University Canada Foundation, $46.6 Million (2007)
6. Almoner Foundation, $20.8 Million (2010 & 2011)
7. HSEF Renaissance Academy, $8.6 Million (2010-2017)
8. Global Charity Fund, $70 Million (2011)
9. C&R Foundation and Loyalty Foundation, $101 Million (2000-2018)
10. CHIMP Foundation, $302 Million (2011-2019)

For a file that includes all of these separate files, click here.

Eight of these ten charities (#1-#8) were heavily involved in funding the start-up of Quest University.  In addition to these eight, two additional Bromley Charities were also involved in funding Quest's start-up:

• Canadian Education Forum
• Prescient Foundation

Prescient Foundation gifted $1,000,000 (2007) to Sea to Sky Foundation which funded the construction of Quest's original campus.

Of the $79 million that Theanon Foundation reported as tax-receipted donations, $30.5 million was specifically for Quest University but those funds were not gifted to Quest. Instead, they were gifted from Theanon to the HSEF Renaissance Academy and from there to the Stewart & Marilyn Blusson Foundation.

All three charities, Canadian Education Forum, Prescient Foundation and Theanon Foundation have had their charitable status revoked by the Canada Revenue Agency because of serious non-compliance following lengthly audits.