Bai Family Foundation
Private foundation · Richmond, British Columbia · BN 711106518RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($46,838) as filed with the CRA.
Bai Family Foundation is a private foundation based in Richmond, British Columbia, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $790 in revenue and $47K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 60% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $45K in 2024, the largest being $45K to VGH & Ubc Hospital Foundation. Revenue has declined over its filings on record here, from $401K in 2020 to $790 in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The purpose of the foundation: - to receive gifts bequests funds and property and to hold maintain and invest said gift gifts bequests funds and property and to apply all or part of the principal and income therefrom from time to time to qualified donees. - to do and perform all such other acts and things as are incidental and ancillary to or necessary for the attainment and advancement of the foregoing purpose and the exercise of the power of the society .
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $790 | $47K | — | — | $45K | $23K |
| 2023 | $3,004 | $158K | — | — | $146K | $69K |
| 2022 | $3,673 | $117K | — | — | $110K | $223K |
| 2021 | $808 | $50K | — | — | $49K | $337K |
| 2020 | $401K | $15K | — | — | $14K | $386K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $45K to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Ji Ping Bai (director); Yu Ru Bai (director); Hai Tao Shen (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Bai Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 711106518RR0001), or read how we compute the receipt.