Bay Tree Foundation
Private foundation · Toronto, Ontario · BN 833524663RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($61,218) as filed with the CRA.
Bay Tree Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $1.3M in revenue and $61K in expenditures.
In 2024, 1 other registered charity reported granting it a combined $13K.
Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 17 qualified donees totalling $525K in 2024, the largest being $100K to The Hospital for Sick Children Foundation. Revenue has grown substantially over its filings on record here, from $100K in 2020 to $1.3M in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
The foundation will consider grants and reveiw requests from registered charities and qualified grantees annually. Grants will be awarded at the discretion of the directors based on the objects and their evolving charitable interests.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $61K | — | — | — | $17.6M |
| 2023 | $615K | $759K | — | — | $697K | $15M |
| 2022 | $385K | $709K | — | — | $621K | $14.3M |
| 2021 | $434K | $505K | — | — | $443K | $15.1M |
| 2020 | $100K | $522K | $5,000 | — | $440K | $14.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $525K to 17 qualified donees:
- The Hospital for Sick Children Foundation$100K
- Centre for Addiction and Mental Health Foundation$75K
- Union of Medical Care and Relief Organizations-Canada$50K
- National Arts Centre Foundation/fondation Centre National des Arts$50K
- Holland Bloorview Kids Rehabilitation Hospital Foundation$50K
- Canadian Arab Institute/institut Canado-Arabe$35K
- York University$30K
- The Governing Council of the University of Toronto$25K
- The Royal Ontario Museum Foundation$25K
- Syrian Kids Foundation$25K
- Canadian International Council$15K
- The Aga Khan Museum$10K
- Institute for Canadian Citizenship$10K
- Belmont House Foundation$10K
- A Creative Arts Centre$5,000
- The Samara Centre for Democracy Le Centre Samara pour la démocratie$5,000
- Islamic Relief - Ir Canada$5,000
Received $13K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Mohammed Al Zaibak (director/president); Najla Al Zaibak (director/treasurer); Omar Al Zaibak (director/secretary); Leen Al Zaibak (director); Jana Al Zaibak (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Bay Tree Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 833524663RR0001), or read how we compute the receipt.