CharityMagnet
Public foundation · Oakville, Ontario · BN 777743733RR0001 · Foundations
Source: T3010 return, FPE 2024-07-31. Split of total expenditures ($584) as filed with the CRA.
CharityMagnet is a public foundation based in Oakville, Ontario, classified by the CRA under foundations. In its fiscal year ending July 31, 2024, it reported $500 in revenue and $584 in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 100% from donations.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 38% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $500 in 2024, the largest being $500 to JNF Canada Resilience Fund. Its filed list of directors and trustees shows 3 names.
In its own words
Charitymagnet makes donations to registered charities on behalf of individuals that give the donations as a gift.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $500 | $584 | — | — | $500 | -$3,959 |
| 2023 | $450 | $545 | — | — | $450 | -$3,875 |
| 2022 | $4,715 | $4,181 | — | — | $4,130 | -$3,491 |
| 2021 | — | — | $0 | — | $0 | -$3,737 |
| 2020 | $0 | $3,737 | $0 | — | $0 | -$3,737 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $500 to 1 qualified donee:
- JNF Canada Resilience Fund$500
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Shelley Gronski (president); Scott D'Cunha (secretary); Hassan Valji (treasurer).
As listed on its 2024 return.
Check the source
Every figure on this page is from CharityMagnet’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 777743733RR0001), or read how we compute the receipt.