Banting Discovery Foundation
Public foundation · Toronto, Ontario · BN 108072927RR0001 · Core Health Care · website
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($403,629) as filed with the CRA.
Banting Discovery Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under core health care. In its fiscal year ending June 30, 2024, it reported $930K in revenue and $404K in expenditures.
Its funding that year was roughly 10% from donations, 10% from other charities. In 2024, 5 other registered charities reported granting it a combined $197K.
Compared with 1,130 health charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 23% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 6 qualified donees totalling $210K in 2024, the largest being $60K to Queen's University. Revenue has grown substantially over its filings on record here, from $239K in 2020 to $930K in 2024. Its filed list of directors and trustees shows 12 names.
In its own words
In the spirit of sir frederick banting in whose honor the banting research foundation was established in 1925 the foundation awards rants in all fields of biomedical research to outstanding canadian investigators at the beginning of their independent careers to enable them to pursue innovative new approaches to the understanding and treatment of human disease.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $930K | $404K | — | — | $230K | $5.9M |
| 2023 | $485K | $339K | $15K | $18K | $178K | $5.3M |
| 2022 | -$256K | $517K | $83K | $16K | $299K | $5.2M |
| 2021 | $1.5M | $337K | $4,158 | $1,198 | $180K | $25K |
| 2020 | $239K | $252K | $4,544 | $5,924 | $172K | $4.8M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $210K to 6 qualified donees:
- Queen's University$60K
- Université de Montréal$30K
- Institut National de la recherche scientifique$30K
- Carleton University$30K
- The Governing Council of the University of Toronto$30K
- Universite du Quebec a Trois-Rivieres$30K
Received $197K from 5 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Alain Beaudet (director); Andrea Donlan (director); Shanon Grauer (director); Donald Guloien (director); Trang Hoang (director); LI Linda (director); Gerald Lokash (director); Marc Pouliot (director); Jesse Vincent-Herscovici (director); Zuniga-Pflucker Juan Carlos (director); Norman Rosenblum (director); John Campion (director & chair).
As listed on its 2024 return.
Check the source
Every figure on this page is from Banting Discovery Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 108072927RR0001), or read how we compute the receipt.