Banman Family Foundation
Private foundation · London, Ontario · BN 896454402RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($219,883) as filed with the CRA.
Banman Family Foundation is a private foundation based in London, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $1.4M in revenue and $220K in expenditures.
Its funding that year was roughly 90% from donations.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 67% of peers.
As a grantmaker, it reported gifts to 15 qualified donees totalling $205K in 2024, the largest being $40K to West Park Baptist Church. Revenue has grown substantially over its filings on record here, from $243K in 2020 to $1.4M in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
Donation of funds to other registered canadian charities
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.4M | $220K | — | — | $205K | $2M |
| 2023 | $661K | $1.1M | $13K | — | $1.1M | $813K |
| 2022 | $1.1M | $599K | — | — | $588K | $1.2M |
| 2021 | $579K | $241K | — | — | $233K | $722K |
| 2020 | $243K | $1.1M | — | — | $1.1M | $361K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $205K to 15 qualified donees:
- West Park Baptist Church$40K
- New Life Prison Ministries$35K
- Mount Salem Christian School$21K
- Forest City Community Church Inc$20K
- Teen Challenge Canada Inc.$15K
- London Youth for Christ$12K
- The Samaritan's Purse - Canada$10K
- Muskoka Bible Foundation$10K
- Heritage Baptist College and Heritage Theological Seminary$10K
- Power to Change Ministries$8,000
- Harvest Outreach International Inc.$6,000
- Pembina Valley Baptist Church Inc.$6,000
- Southwestern Ontario Youth for Christ$5,200
- Focus on the Family (canada) Association$4,000
- London Crisis Pregnancy Centre$3,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Peter Banman (director); Elizabeth Banman (director); James Banman (director); Laura Vandyk (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Banman Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 896454402RR0001), or read how we compute the receipt.