BVG Foundation Inc.
Public foundation · North York, Ontario · BN 890138779RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-08-31. Split of total expenditures ($945) as filed with the CRA.
BVG Foundation Inc. is a public foundation based in North York, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending August 31, 2024, it reported $137K in revenue and $945 in expenditures.
Its funding that year was roughly 20% from donations. In 2023, 1 other registered charity reported granting it a combined $10K.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 94% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 1 qualified donee totalling $500K in 2023, the largest being $500K to Moatfield Foundation. Revenue has declined over its filings on record here, from $396K in 2020 to $137K in 2024. Its filed list of directors and trustees shows 6 names.
In its own words
To provide scholarships & financial assistance to students of elementary and secondary schools to provide equipment furnishing and supplies to educational institutions who are registered charities
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $137K | $945 | $945 | — | — | $243K |
| 2023 | $206K | $502K | $2,215 | — | $500K | $107K |
| 2022 | $587K | $504K | $4,428 | — | $500K | $403K |
| 2021 | $409K | $503K | $2,921 | — | $500K | $320K |
| 2020 | $396K | $1M | $2,453 | — | $1M | $415K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2023
Granted $500K to 1 qualified donee:
- Moatfield Foundation$500K
Received $10K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Eric Borromeo (treasurer); Nick Caduc (director); James Lee (ex-officio); Scott Moore (ex-officio); Michael Twohey (director); Tracey Wong (chair).
As listed on its 2024 return.
Check the source
Every figure on this page is from BVG Foundation Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 890138779RR0001), or read how we compute the receipt.