Bright Futures: A JB Foundation Avenir brillant: une fondation JB
Private foundation · Richmond Hill, Ontario · BN 797439429RR0001 · Support of Schools and Education · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($132) as filed with the CRA.
Bright Futures: A JB Foundation Avenir brillant: une fondation JB is a private foundation based in Richmond Hill, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $21K in revenue and $132 in expenditures.
Its funding that year was roughly 98% from donations.
Compared with 3,624 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 0% of peers.
Its filed list of directors and trustees shows 3 names.
In its own words
1. We provide financial assistance to bright impoverished students in India by paying school/college fees. 2. We work with educational institutions directly to review needy students' profiles. 3. We select scholarship awardees based on a full application form marksheets income of family proofs interviews with students and parents. 4. We directly pay the educational institution the fees owed by the selected scholarship students 5. We raise awareness on the educational needs of these bright impoverished students.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2024–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $21K | $132 | — | — | $0 | $0 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Directors & trustees (2024)
Sai Cherla (chair treasurer director); Kiran Cherla (vicechair secretary director); Rohan Cherla (founder ceo director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Bright Futures: A JB Foundation Avenir brillant: une fondation JB’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 797439429RR0001), or read how we compute the receipt.