Non-profit

Tides Canada Foundation

Website:

tidescanada.org

Location:

CANADA

Tax ID:

98-0404212

Tax-Exempt Status:

501(c)(3)

Budget (2017):

Revenue: $15,656,935
Expenses: $16,522,928
Assets: $48,322,470

Type:

Center-Left Funding and Advocacy Nonprofit

Headquarters:

Vancouver, British Columbia, Canada

Part of:

Tides Nexus

Latest Tax Filing:

2018 Form 990

For more information, see Tides Nexus

The Tides Canada Foundation is a Vancouver, Canada-based nonprofit associated with the Tides Nexus, a collection of center-left pass-through grantmaking and fiscal sponsorship nonprofits based in San Francisco, California. Despite its name, Tides Canada is an IRS-designated 501(c)(3) public charity and files annual Form 990 reports in the United States; it is also registered as a “public foundation” in Canada. [1]

Overview

Tides Canada rose to prominence around 2010 when journalist Vivian Krause revealed that the group had quietly funneled $15 million to 36 Canadian activist groups to protest construction of oil pipelines from the Alberta tar sands to refineries in Texas, much of which originated with the Tides Foundation in the United States.[2]

The Tides Foundation served as a pass-through for other environmentalist donors, including the Swiss-based Oak Foundation, which moved $700,000 through it to Tides Canada in 2009 “to raise the visibility of the tar sands issue and slow the expansion of tar sands production by stopping new infrastructure development.” Krause ultimately discovered that some $300 million had flowed from American foundations to Canada’s environmentalist groups between 2000 and 2012.[3]

In 2019, Tides Canada launched an in-house donor-advised fund, ImpactDAF, to channel more money into left-wing activism as part of a new development in philanthropy called “impact investing.” The minimum to open an account is $1 million. All grants are measured against UN Sustainable Development Goals.[4]

Tides Foundation has been described as an organization that “washes” away the paper trail between its grants and the original donor. [5]  Tides Founder Drummond Pike stated, “Anonymity is very important to most of the people we work with,” to describe the intentions of Tides’ donors.[6]

Leadership

Board of Directors

According to its 2018 IRS Form 990, Tides Canada’s board of directors included the following individuals: [7]

  • Andrew Heintzman (board chair)
  • Edwin Levy (board secretary)
  • Michael Jantzi
  • Justin Ferbey
  • Nabil Harfoush
  • Jennifer Lynn
  • Peter MacLeod
  • Lisa O’Hara
  • Jane Rabinowicz
  • Jodi White

Funding

Financial Overview

The Tides Canada Foundation is a Vancouver, Canada-based nonprofit associated with the Tides organizations in San Francisco. Despite its name, Tides Canada is an IRS-designated 501(c)(3) public charity and files annual Form 990 reports in the United States; it is also registered as a “public foundation” in Canada.

In 2018, Tides Canada Foundation reported total revenues of $1.9 million, total expenditures of $3.7 million, and net assets of $45.3 million. It paid out $2.7 million in grants to other nonprofits. [8]

Tides Canada Initiative Society

The Tides Canada Foundation is closely connected with the Tides Canada Initiatives Society, a Canadian nonprofit equivalent to a U.S.-based 501(c)(3) public charity, whose primary activity involves “programs focused on environmental conservation, education and research, leadership development, civic engagement, capacity building and social welfare programs.” [9]

In 2018, all of Tides Canada’s grants paid went to the Tides Canada Initiatives Society: [10]

  • $1,364,500
  • $1,288,099
  • $92,490
  • $254,811
  • $25,097

References

  1. Return of Organization Exempt from Income Tax (Form 990). Tides Canada Foundation. Part V: Supplemental Information for Part I: Line 2. Archived: https://www.influencewatch.org/app/uploads/2020/04/Tides-Canada-2018-Form-990.pdf

    See PDF page 30. ^

  2. Krause, Vivian. “Vivian Krause: Oil Sands Money Trail.” financialpost. Financial Post, January 17, 2012. https://business.financialpost.com/opinion/vivian-krause-oil-sands-money-trail. ^
  3. Krause, Vivian. “Vivian Krause: Oil Sands Money Trail.” financialpost. Financial Post, January 17, 2012. https://business.financialpost.com/opinion/vivian-krause-oil-sands-money-trail. ^
  4. Gilmour, Charlotte, and Nora Eastwood. “Tides Canada Launches First Customizable Donor Advised Fund to Be 100 Percent Invested for Impact.” GlobeNewswire News Room. “GlobeNewswire”, May 28, 2019. https://www.globenewswire.com/news-release/2019/05/28/1853223/0/en/Tides-Canada-launches-first-customizable-Donor-Advised-Fund-to-be-100-percent-invested-for-impact.html. ^
  5. Ludwig, Hayden. “Unearthing The Tides Nexus.” Washington, D.C.: Capital Research Center, 2021. ^
  6. “’Charitable Money-Laundering’.” Center for Consumer Freedom, March 9, 2004. https://www.consumerfreedom.com/2004/03/2401-charitable-money-laundering/. ^
  7. Return of Organization Exempt from Income Tax (Form 990). Tides Canada Foundation. Part VII (Compensation of Officers, Trustees, etc.). Archived: https://www.influencewatch.org/app/uploads/2020/04/Tides-Canada-2018-Form-990.pdf ^
  8. Return of Organization Exempt from Income Tax (Form 990). Tides Canada Foundation. Part I. Lines 12, 13, 18, 22. Archived: https://www.influencewatch.org/app/uploads/2020/04/Tides-Canada-2018-Form-990.pdf ^
  9. Return of Organization Exempt from Income Tax (Form 990). Tides Canada Foundation. Schedule R (Related Organizations and Unrelated Partnerships). Part II. Archived: https://www.influencewatch.org/app/uploads/2020/04/Tides-Canada-2018-Form-990.pdf

    See PDF page 33. ^

  10. Return of Organization Exempt from Income Tax (Form 990). Tides Canada Foundation. Schedule R (Related Organizations and Unrelated Partnerships). Part V (Transactions With Related Organizations). Archived: https://www.influencewatch.org/app/uploads/2020/04/Tides-Canada-2018-Form-990.pdf

    See PDF page 35. ^

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Nonprofit Information

  • Accounting Period: March - February
  • Tax Exemption Received: October 1, 2003

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2017 Dec Form 990 $15,656,935 $16,522,928 $48,322,470 $514,099 N $12,658,605 $0 $2,374,094 $686,730
    2016 Dec Form 990 $18,033,491 $15,033,074 $48,260,560 $972,126 N $16,027,793 $0 $1,792,011 $686,429
    2015 Dec Form 990 $26,854,832 $11,304,143 $44,670,492 $3,526,856 N $24,492,948 $0 $2,183,063 $726,538 PDF
    2014 Dec Form 990 $16,699,570 $16,500,538 $36,396,497 $4,101,796 N $13,233,421 $0 $3,067,300 $696,416 PDF
    2013 Dec Form 990 $25,917,734 $18,732,303 $41,827,728 $6,635,002 N $24,257,155 $0 $1,222,925 $1,015,332 PDF
    2012 Dec Form 990 $16,303,756 $16,591,389 $36,028,042 $6,970,073 N $14,504,689 $0 $1,476,390 $1,110,936 PDF
    2011 Dec Form 990 $16,696,593 $18,264,250 $35,657,737 $6,947,306 N $15,591,854 $0 $846,220 $870,979 PDF
    2010 Dec Form 990 $14,116,925 $13,041,981 $34,390,049 $2,771,935 N $13,368,499 $0 $592,762 $479,354 PDF

    Additional Filings (PDFs)

    Tides Canada Foundation

    VANCOUVER BC V6B 1H5
    CANADA, 00000-0000