Cargojet Foundation
Private foundation · Mississauga, Ontario · BN 708064282RR0001 · Foundations
Source: T3010 return, FPE 2024-04-30. Split of total expenditures ($402,501) as filed with the CRA.
Cargojet Foundation is a private foundation based in Mississauga, Ontario, classified by the CRA under foundations. In its fiscal year ending April 30, 2024, it reported $141K in revenue and $403K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 85% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $400K in 2024, the largest being $400K to UHN Foundation. Revenue has declined over its filings on record here, from $383K in 2020 to $141K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Cargojet foundation provides funds to charitable organizations that are also registered charities .
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $141K | $403K | — | — | $400K | $3.6M |
| 2023 | — | — | — | — | — | — |
| 2022 | — | — | — | — | — | — |
| 2021 | $2.5M | $100K | — | — | $100K | $2.8M |
| 2020 | $383K | $185 | — | — | — | $383K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, April 30, 2024
- Investment income$140,574
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2024
Granted $400K to 1 qualified donee:
- UHN Foundation$400K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Vinay Virmani (director); Ajay Virmani (director); Pauline Dhillon (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Cargojet Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 708064282RR0001), or read how we compute the receipt.