Bealight Foundation
Private foundation · Toronto, Ontario · BN 868640970RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,108,484) as filed with the CRA.
Bealight 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 $242K in revenue and $1.1M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 80% of peers.
As a grantmaker, it reported gifts to 25 qualified donees totalling $1M in 2024, the largest being $830K to The Learning Enrichment Foundation. Revenue has declined over its filings on record here, from $820K in 2020 to $242K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Bealight Foundation makes grants to organizations that foster social entrepreneurship or to organizations that are led by outstanding social entrepreneurs.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $242K | $1.1M | $58K | — | $1M | $4.8M |
| 2023 | $279K | $596K | $109K | — | $475K | $5.7M |
| 2022 | $915K | $888K | — | — | $736K | $6M |
| 2021 | $830K | $854K | $123K | — | $701K | $6M |
| 2020 | $820K | $716K | $101K | — | $590K | $6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1M to 25 qualified donees:
- The Learning Enrichment Foundation$830K
- Royal Institution for the Advancement of Learning$25K
- Impakt Foundation for Social Change$25K
- Weredale Foundation$20K
- One Voice One Team Youth Leadership Organization$20K
- Myriad Canada Foundation$15K
- United Way of Greater Toronto$10K
- Plan International Canada Inc.$10K
- The Duke of Edinburgh's International Award$10K
- The Governors of ST. Francis Xavier University$10K
- Canadian Institute for Advanced Research$10K
- Canadian Athletes Fund Inc.$10K
- Ashoka Canada$10K
- Trinity College School Foundation$5,000
- Boundless Adventures Association$5,000
- Sanctuary Ministries of Toronto$5,000
- Fort York Food Bank a Non-Profit Corporation$5,000
- Sleeping Children Around the World$2,500
- Makeway Foundation$2,500
- Philanthropic Foundations Canada/fondations Philanthropiques Canada$1,575
- TalentLift Canada$1,000
- The Ontario Educational Communications Authority$1,000
- Melly's Workplace$1,000
- Child Development Institute$1,000
- Alima Centre de nutrition sociale périnatale/Alima Perinatal Social Nutrition Centre$250
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
- Permanent full-time positions0
- Total compensation, all staff$14K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
William Young (director); Janet Young (director); Catherine Phillips (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Bealight Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 868640970RR0001), or read how we compute the receipt.