Canadian Opera Foundation
Public foundation · Toronto, Ontario · BN 119219558RR0001 · Arts
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($8,897,292) as filed with the CRA.
Canadian Opera Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under arts. In its fiscal year ending December 31, 2024, it reported $7.1M in revenue and $8.9M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 296 arts charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 93% 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 $8.5M in 2024, the largest being $8.5M to Canadian Opera Company. Revenue has grown substantially over its filings on record here, from $548K in 2020 to $7.1M in 2024. Its filed list of directors and trustees shows 7 names.
In its own words
Canadian Opera Foundation acquires holds and applies funds to assist in the development of the Canadian Opera Company and any successor organization as determined by the Board of Directors.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $7.1M | $8.9M | — | — | $8.5M | $50.9M |
| 2023 | $7.2M | $3M | — | — | $2.6M | $52.7M |
| 2022 | $953K | $1.4M | — | — | $1.1M | $48.5M |
| 2021 | $9.8M | $2M | — | — | $1.7M | $48.9M |
| 2020 | $548K | $1.7M | — | — | $1.5M | $41.2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $8.5M to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
H. Anthony Arrell (chair); Angela Bhutani (director); Christopher Bozek (director); Stewart Burton (director); Chris Hoffmann (vice chair); Huston Loke (secretary); Marcia Lewis Brown (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Canadian Opera Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119219558RR0001), or read how we compute the receipt.