Eternal Investment Foundation
Private foundation · Newmarket, Ontario · BN 845373547RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($340,238) as filed with the CRA.
Eternal Investment Foundation is a private foundation based in Newmarket, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $153K in revenue and $340K 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 52% of peers.
As a grantmaker, it reported gifts to 9 qualified donees totalling $300K in 2024, the largest being $105K to ShareWord Global Canada. Its filed list of directors and trustees shows 2 names.
In its own words
Donate monies to charities I) which are registered charities under the income tax act of canada or ii) qualified donees as such is defined from time to time in the income tax act of canada
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $153K | $340K | — | — | $300K | $4.2M |
| 2023 | $171K | $205K | — | — | $163K | $4.4M |
| 2022 | $278K | $166K | — | — | $118K | $4.4M |
| 2021 | $73K | $363K | — | — | $323K | $4.3M |
| 2020 | $131K | $263K | — | — | $223K | $4.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $300K to 9 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Keith King (trustee); Janine King (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Eternal Investment Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 845373547RR0001), or read how we compute the receipt.