Acorn Seed Foundation
Private foundation · North York, Ontario · BN 731980736RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($331,706) as filed with the CRA.
Acorn Seed Foundation is a private foundation based in North York, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $251K in revenue and $332K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 34% of peers.
As a grantmaker, it reported gifts to 11 qualified donees totalling $258K in 2024, the largest being $50K to Homeless Connect Toronto. Its filed list of directors and trustees shows 6 names.
In its own words
Receipt and maintenance of a fund all part thereof and the income thereof for charitable purposes and gifts to qualified donees.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $251K | $332K | $1,000 | — | $258K | $4.4M |
| 2023 | $54K | $317K | — | — | $264K | $4.5M |
| 2022 | $68K | $474K | — | — | $258K | $4.7M |
| 2021 | $5.2M | $270K | — | — | $250K | $5.2M |
| 2020 | $200K | $24K | — | — | — | $176K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $258K to 11 qualified donees:
- Homeless Connect Toronto$50K
- Fred Victor Centre$50K
- Wanasah: Mental Health Services for Black Youth$50K
- The Reading Partnership$50K
- The Jur-Ed Foundation$50K
- Canadahelps Canadon$2,000
- Centre for Addiction and Mental Health Foundation$2,000
- Philanthropic Foundations Canada/fondations Philanthropiques Canada$1,000
- Progress Place Rehabilitation Centre (metropolitan Toronto) Inc.$1,000
- Pawscanada$1,000
- Good Shepherd Refuge Social Ministries$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Andrew Prosserman (director); Brian Prosserman (director); Jason Prosserman (director); Michael Prosserman (director); Sarah Prosserman (director); Madeline Prosserman (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Acorn Seed Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 731980736RR0001), or read how we compute the receipt.