Definity Insurance Foundation
Public foundation · Toronto, Ontario · BN 769238916RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($9,534,738) as filed with the CRA.
Definity Insurance Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $20.8M in revenue and $9.5M in expenditures.
Its funding that year was roughly 5% from donations. In 2024, 2 other registered charities reported granting it a combined $2,260.
Compared with 380 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 56% of peers. Its highest-paid position fell in the $250,000–299,999 range. The charity reported 5 permanent full-time positions.
As a grantmaker, it reported gifts to 95 qualified donees totalling $7.4M in 2024, the largest being $350K to The Calgary Foundation. Its filed list of directors and trustees shows 11 names.
In its own words
The definity foundation is a national philanthropic organization working with diverse partners to advance community led solutions that address systmeic barriers to inequality by providing grants in accordance with our charitable objects. Seeded with proceeds of the 2021 demutualization of economical mutual insurance company the definity foundation is committed to advancing climate health and socio-economic justice.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $20.8M | $9.5M | $724K | — | $7.8M | $121.2M |
| 2023 | $16.3M | $6.2M | $289K | — | $5.1M | $111.1M |
| 2022 | $4.8M | $4M | $217K | — | $3.3M | $101M |
| 2021 | $100.2M | $65K | — | — | — | $100.2M |
| 2020 | — | — | — | — | — | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $7.4M to 95 qualified donees — largest 25 shown:
- The Calgary Foundation$350K
- The Calgary Foundation$350K
- Canadian Women's Foundation$345K
- The Canadian Red Cross Society$300K
- Toronto Metropolitan University$259K
- Makeway Charitable Society$251K
- Relèven$250K
- Indigenous Peoples Resilience Fund$250K
- Rideau Hall Foundation$200K
- Rideau Hall Foundation$200K
- Nature Canada / Canada Nature$200K
- Environment Funders Canada$150K
- Ecotrust Canada$150K
- Small Change Fund$150K
- Makeway Charitable Society$150K
- Dalhousie University$150K
- Raven Indigenous Impact Foundation$125K
- Prosper Canada$125K
- Centraide Du Grand Montréal$125K
- Raven Indigenous Impact Foundation$125K
- Prosper Canada$125K
- Tamarack Institute for Community Engagement$115K
- Seed Winnipeg Inc.$104K
- Canadian Association of Physicians for the Environment$98K
- Tamarack Institute for Community Engagement$97K
Received $2,260 from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $250,000–299,9991 position
- $160,000–199,9991 position
- $80,000–119,9992 positions
- $40,000–79,9991 position
- Permanent full-time positions5
- Total compensation, all staff$762K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Brendon Hunt (director); William McCrea (director); John Bowey (director); Innes Dey (director); Marcel Lauzière (secretary); Amanuel Melles (director); Mritunjay Sinha (treasurer); Justin Wiebe (vice chair); Katherine Wheatley (director); Zeina Osman (director); Nicole McDonald (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Definity Insurance Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 769238916RR0001), or read how we compute the receipt.