Fondation Demospec
Private foundation · Montreal, Quebec · BN 781776463RR0001 · Organizations Relieving Poverty
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($176,862) as filed with the CRA.
Fondation Demospec is a private foundation based in Montreal, Quebec, classified by the CRA under organizations relieving poverty. In its fiscal year ending December 31, 2024, it reported $18K in revenue and $177K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 2,855 poverty-relief charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 95% of peers.
As a grantmaker, it reported gifts to 3 qualified donees totalling $57K in 2024, the largest being $25K to Mission Bon Accueil / Welcome Hall Mission. Revenue has declined over its filings on record here, from $70K in 2021 to $18K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
1. Soulager la pauvreté dans les pays en voie de développement en participant à la reconstruction d'une école (pérou). 2. Accroître l'efficacité et l'efficience d'autres organismes de bienfaisance enregistrés en leur offrant les ressources financières (soupers bénéfices et donations) et main d'oeuvre afin de favoriser la mise en place de projets permettant d'accroître la capacité des organismes de bienfaisance de mettre en oeuvre des programmes et ainsi améliorer les services offerts à la communauté.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $18K | $177K | $84K | — | $141K | $382K |
| 2023 | $266K | $57K | $15K | — | $28K | $484K |
| 2022 | $329K | $110K | $83K | — | $20K | $275K |
| 2021 | $70K | $14K | $2,374 | — | — | $56K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $57K to 3 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Sylvain Vallée (président); Virginie Vallée (vice-présidente); Marie-Josée Boyer (secrétaire).
As listed on its 2024 return.
Check the source
Every figure on this page is from Fondation Demospec’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 781776463RR0001), or read how we compute the receipt.