# The Calgary Foundation

The Calgary Foundation is an Endowment / Foundation based in Calgary, Canada.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Calgary, Canada
- **Region:** North America
- **Address:** 1180 - 105 12 Avenue SE, Calgary, Alberta, Canada
- **Founded:** 1955
- **Assets under management:** 981.59 (Altss estimate)
- **Website:** calgaryfoundation.org
- **LinkedIn:** https://ca.linkedin.com/company/calgary-foundation

## Regulatory record

- **Reports private funds:** No

## About

The Calgary Foundation was established in 1955 by local citizens to create a permanent endowment for community needs. It manages over 1,200 donor-advised and designated funds. Eva Friesen has led the organization as President and CEO. The endowment allocates 9.03 percent to private equity with a 12 percent target. Confirmed holdings include limited partner interests in Pomona Capital XI, Crestpoint Real Estate Investments Ltd., I Squared Capital, Stonepeak Partners, GI Partners, and TDR Capital through The Calgary Foundation Investment Trust. The foundation also maintains an impact investment loan portfolio valued at 28 million CAD supporting projects such as HomeSpace and the National Music Centre. Geographic exposure centers on Canada with additional commitments in the United States and Europe. The foundation employs investment advisors including Mawer Investment Management, TD Asset Management, and Phillips Hager & North. It owns the Kahanoff Centre, a two-tower office complex gifted in 2012 by The Kahanoff Foundation that provides space to nonprofits. The organization maintains memberships in Philanthropic Foundations Canada and Imagine Canada. The foundation differs from typical endowments through its ownership of a 100 percent stake in an unnamed for-profit subsidiary and its direct management of a public art installation alongside grantmaking operations.

## Sectors

- Diversified
- Real Estate
- Commercial Property

## People

- Eva Friesen — President & CEO
- Dan Langlois — Vice-President and Chief Investment Officer
- Denise Bright — Board Director and Treasurer
- Michael Mezei — Board Director

## Questions

### Who runs investment decisions at The Calgary Foundation?

Dan Langlois serves as Vice-President and Chief Investment Officer. External advisors Mawer Investment Management, TD Asset Management, and Phillips Hager & North provide additional support.

### Does The Calgary Foundation participate in fund commitments or only direct deals?

The foundation acts as a limited partner in multiple external funds including Pomona Capital XI and vehicles managed by I Squared Capital and Stonepeak Partners.

### What asset classes does The Calgary Foundation allocate to?

Allocations include private equity at 9.03 percent current weight, real estate through direct ownership of the Kahanoff Centre, and an impact investment loan portfolio of 28 million CAD.

### Where does The Calgary Foundation maintain its primary real estate holdings?

The foundation owns the Kahanoff Centre at 105 12 Avenue SE in Calgary, which provides affordable office space to charitable organizations.

### How is The Calgary Foundation related to The Kahanoff Foundation?

The Kahanoff Foundation gifted the Kahanoff Centre and related assets to The Calgary Foundation in 2012.

## Related profiles

- [LyondellBasell US Retirement Plan](https://altss.com/profile/lyondellbasell-us-retirement-plan)
- [Birmingham Retirement System](https://altss.com/profile/birmingham-retirement-system)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/the-calgary-foundation

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