Charlotte and Leo Karassik Foundation
Private foundation · Hampstead, Quebec · BN 800931057RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($22,636,319) as filed with the CRA.
Charlotte and Leo Karassik Foundation is a private foundation based in Hampstead, Quebec, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported -$383K in revenue and $22.6M in expenditures.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 73% of peers.
As a grantmaker, it reported gifts to 8 qualified donees totalling $22.5M in 2024, the largest being $21.3M to Jewish Community Foundation of Montreal. Revenue has declined over its filings on record here, from $1.3M in 2020 to -$383K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Its purpose is to raise funds which once invested the income will be used to fund other qualified charitable organizations.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | -$383K | $22.6M | — | — | $22.5M | $938K |
| 2023 | $1.2M | $1.1M | — | — | $1M | $24M |
| 2022 | $898K | $1.1M | — | — | $1M | $23.9M |
| 2021 | $3.4M | $1.1M | — | — | $1M | $24.1M |
| 2020 | $1.3M | $1.1M | — | — | $900K | $21.8M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$1,037,623
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 $22.5M to 8 qualified donees:
- Jewish Community Foundation of Montreal$21.3M
- Cummings Jewish Centre for Seniors Foundation/fondation Centre Juif Cummings pour Aines$360K
- The Sir Mortimer B. Davis Jewish General Hospital Foundation$300K
- Royal Institution for the Advancement of Learning$180K
- Fondation de l'Hopital Maimonides/maimonides Hospital$120K
- Jeunesse au Soleil / Sun Youth organization$120K
- L'Association Hebraique des Jeunes Hommes Jeunes Femmes de Montréal/The Young Men's and Young Women's Hebrew Association of Montreal$60K
- Camp Bnai Brith Inc.$60K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
William Ram (president & director); Robert Raich (director); Myer Spivak (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Charlotte and Leo Karassik Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 800931057RR0001), or read how we compute the receipt.