Carefirst Foundation
Public foundation · Scarborough, Ontario · BN 839744943RR0001 · Foundations · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($178,150) as filed with the CRA.
Carefirst Foundation is a public foundation based in Scarborough, Ontario, classified by the CRA under foundations. In its fiscal year ending March 31, 2024, it reported $1.2M in revenue and $178K in expenditures.
Its funding that year was roughly 77% from donations, 7% from other charities. In 2024, 7 other registered charities reported granting it a combined $115K.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 12% of peers. Its fundraising cost per donated dollar was lower than 83% of that peer group.
As a grantmaker, it reported gifts to 1 qualified donee totalling $100K in 2024, the largest being $100K to Carefirst Seniors and Community Services Association. Revenue has grown substantially over its filings on record here, from $199K in 2020 to $1.2M in 2024. Its filed list of directors and trustees shows 14 names.
In its own words
The object of Carefirst Foundation is to raise fund to support Carefirst Seniors & Community Services Association (the 'Qualified Donee') and other charitable organizations with similar objects to those of the Qualified Donee.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.2M | $178K | — | $37K | $100K | $3.7M |
| 2023 | $1.1M | $187K | — | $27K | — | $2.7M |
| 2022 | $654K | $26K | — | — | — | $1.7M |
| 2021 | $154K | $40K | — | $5,000 | $16K | — |
| 2020 | $199K | $429K | — | $1,132 | — | $912K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $100K to 1 qualified donee:
Received $115K from 7 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Shirley Ng (treasurer); Zerlina Lim (secretary); Will Sung (chair); Jenny Lam (director); Matthew Wan (director); Philip Ho (director); Yan Liu (director); Kai Leung (director); Samuel Lee (director); Wayne Tsang (vice chair); Alvin Yau (director); Joanna Yu (director); Peter Boon Kin Choy (director); Louisa Hui (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Carefirst Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 839744943RR0001), or read how we compute the receipt.