Bhalwani Family Charitable Foundation
Private foundation · Toronto, Ontario · BN 787149087RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($520,075) as filed with the CRA.
Bhalwani Family Charitable 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 $25K in revenue and $520K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 79% from donations.
Compared with 3,025 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 2 qualified donees totalling $520K in 2024, the largest being $500K to The Princess Margaret Cancer Foundation. Revenue has declined over its filings on record here, from $611K in 2020 to $25K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Receive funds from the bhawani family and to act as a vehicle through which donations will be made to charities that carry on activities suited to the family's philanthropic interests. Examples include ... ... ... Foundation and the princess margaret cancer foundation.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $25K | $520K | — | — | $520K | $31K |
| 2023 | $682K | $72 | — | — | — | $526K |
| 2022 | $643K | $704K | — | — | $704K | $544K |
| 2021 | $1.1M | $545K | — | — | $545K | $605K |
| 2020 | $611K | $596K | — | — | $596K | $100K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $520K to 2 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Arif Bhalwani (director); Maria Bhalwani (director); Christopher Chi Kwong Kwan (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Bhalwani Family Charitable Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 787149087RR0001), or read how we compute the receipt.