Armenian Endowment Fund
Public foundation · Toronto, Ontario · BN 883050775RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($614,984) as filed with the CRA.
Armenian Endowment Fund is a public foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $504K in revenue and $615K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
In 2024, 6 other registered charities reported granting it a combined $345K.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 23% of peers.
As a grantmaker, it reported gifts to 3 qualified donees totalling $423K in 2024, the largest being $357K to Armenian Community Centre. Its filed list of directors and trustees shows 6 names.
In its own words
To solicit receive maintain invest and manage endowment or trust funds and to apply all or parts of the income to support the charitable organizations and the specified purposes by donors. To contribute to the financial stability of the non-profit organizations serving the armenian community by providing a secure and continued source of revenue.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $504K | $615K | — | — | $423K | $7.7M |
| 2023 | $890K | $559K | — | — | $366K | $6.3M |
| 2022 | $1M | $484K | — | — | $335K | $6.1M |
| 2021 | $699K | $393K | — | — | $256K | $5.4M |
| 2020 | $419K | $405K | — | — | $326K | $5.1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $423K to 3 qualified donees:
Received $345K from 6 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Levon Hasserjian (chairman); Simon Hasserjian (treasurer); Vahan Ajamian (vice-chair); Chahe Mirakian (trustee); Cynthia Kassabian (trustee); Razmig Boghossian (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Armenian Endowment Fund’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 883050775RR0001), or read how we compute the receipt.