BenefAction Foundation
Public foundation · Toronto, Ontario · BN 804213759RR0001 · Foundations · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($88,242,519) as filed with the CRA.
BenefAction Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $338.1M in revenue and $88.2M in expenditures.
Its funding that year was roughly 75% from donations. In 2024, 21 other registered charities reported granting it a combined $2.6M.
Compared with 380 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 62% of peers. Its fundraising cost per donated dollar was lower than 98% of that peer group.
As a grantmaker, it reported gifts to 3,048 qualified donees totalling $80.9M in 2024, the largest being $17.7M to Lingyen Mountain Temple (canada). Revenue has grown substantially over its filings on record here, from $77.8M in 2020 to $338.1M in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
The charity solicits donations for the purpose of establishing funds and planned giving programs which in turn provide gifts to qualified donees.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $338.1M | $88.2M | $201K | $374K | $80.9M | $795.6M |
| 2023 | $180.8M | $61.4M | $123K | — | $56.3M | $545.7M |
| 2022 | $104.2M | $39.2M | $79K | — | $35M | $426.3M |
| 2021 | $151M | $32.6M | $80K | — | $29.1M | $361.3M |
| 2020 | $77.8M | $25.3M | $53K | — | $22.7M | $242.8M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $80.9M to 3,048 qualified donees — largest 25 shown:
- Lingyen Mountain Temple (canada)$17.7M
- The Hospital for Sick Children Foundation$3.3M
- The King's University$2M
- Town of Virden$1.5M
- Fondation du Centre universitaire de santé McGill McGill University Health Centre Foundation$1.3M
- The Ottawa Hospital Foundation/la Fondation de l'Hopital d'Ottawa$1.2M
- VMC Monastery Foundation$1M
- United Way of Greater Toronto$951K
- Canada Gives$849K
- The Princess Margaret Cancer Foundation$811K
- Daily Bread Food Bank$659K
- Fredericton Community Services Inc.$620K
- The Crystal Ridge Dream Center$605K
- Doctors Without Borders Canada / Medecins Sans Frontieresca Nada$572K
- Hope International Development Agency$520K
- Habitat for Humanity of Northumberland$506K
- The Toronto Symphony$487K
- The University of New Brunswick$485K
- Lions Gate Hospital Foundation$453K
- VGH & Ubc Hospital Foundation$426K
- Sinai Health Foundation$405K
- Operation Smile Canada Foundation$397K
- Shaw Festival Theatre Canada$383K
- The Nature Trust of British Columbia$383K
- World Vision Canada$376K
Received $2.6M from 21 charities:
- Aqueduct Foundation$605K
- Strategic Charitable Giving Foundation$298K
- Strategic Charitable Giving Foundation$240K
- GiftPact Foundation Inc.$211K
- Toronto Foundation$195K
- Raymond James Canada Foundation$173K
- Charitable Gift Funds Canada Foundation$168K
- Strategic Charitable Giving Foundation$157K
- Makeway Charitable Society$129K
- Strategic Charitable Giving Foundation$121K
- Canadahelps Canadon$100K
- Canadahelps Canadon$100K
- WCPD Foundation$50K
- Canadian Online Giving Foundation$36K
- Burgundy Legacy Foundation$27K
- BenefAction Foundation$13K
- The Midloch Foundation$5,000
- Assists Projects$3,482
- John and Shannon Sullivan Foundation$1,000
- The Policaro Foundation$250
- Strategic Charitable Giving Foundation$26
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Melanie Yach (director); Bradley Offman (president); Stephenie Fox (treasurer & secretary); Robert Gignac (director); Serena Hak (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from BenefAction Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 804213759RR0001), or read how we compute the receipt.