TELUS Friendly Future Foundation Gala Raises Record $3 Million for Youth and Plans TELUS Share Purchases to Fund Bursaries
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Telus ( (TSE:T) ) has issued an announcement.
On June 18, 2026, the TELUS Friendly Future Foundation’s third annual “Together for Tomorrow” Gala in Toronto raised a record $3 million to support underserved youth across Canada through post-secondary bursaries, mentorships and community programs, with more than 800 guests and a headline performance by Lionel Richie. The event, presented by TELUS, builds on a landmark $1 million personal donation by President and CEO Darren Entwistle and Fiona Entwistle, and brings three-year gala proceeds to more than $8.1 million, reinforcing the foundation’s role as a leading youth-focused corporate charity.
The funds raised are intended to help the foundation provide more than 500 bursaries and 500 charitable grants in 2026, including through the new Entwistle Technology Bursary for students in science, math and technology studies, amid rising affordability and mental health challenges for young Canadians. TELUS disclosed that the foundation plans to create a long-term restricted fund by selling donated securities and using the proceeds, plus an additional cash donation, to buy approximately C$1.05 million of TELUS shares on the New York Stock Exchange after June 29, with dividends from these holdings to help finance future bursaries, highlighting a structured, share-based funding model that links the company’s capital markets presence to its philanthropic commitments.
The most recent analyst rating on (TSE:T) stock is a Buy
with a C$22.00 price target.
To see the full list of analyst forecasts on Telus stock,
see the TSE:T Stock Forecast page.
Spark’s Take on T Stock
According to Spark, TipRanks’ AI Analyst, T is a Neutral.
The score is driven primarily by fair-but-constrained fundamentals: stable operating cash generation and resilient operating margins are offset by elevated and rising leverage plus a notable TTM revenue decline. Technicals are broadly neutral with longer-term trend still weak. Valuation is supported by a very high dividend yield, but an elevated P/E tempers the benefit.
To see Spark’s full report on T stock,
click here.
More about Telus
TELUS Corporation is a Canadian telecommunications provider offering wireless, internet, TV and enterprise network services, and is also active in technology solutions such as health and digital services. Through the TELUS Friendly Future Foundation and TELUS Community Boards, the company focuses on youth empowerment and community investment across Canada, positioning itself as a major corporate philanthropist in the Canadian telecom and technology landscape.
Since 2000, TELUS and its team members have contributed more than $1.85 billion in cash, in-kind contributions, time and programs and volunteered 2.5 million days to support communities globally, underscoring a long-standing strategy of linking business growth with social impact.
Average Trading Volume: 7,450,560
Technical Sentiment Signal: Sell
Current Market Cap: C$25.29B
See more insights into T stock on TipRanks’ Stock Analysis page.
