Fondation Farag & Ward/Farag & Ward Foundation
Private foundation · Montreal, Quebec · BN 776746323RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($24,685) as filed with the CRA.
Fondation Farag & Ward/Farag & Ward Foundation is a private foundation based in Montreal, Quebec, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $23K in revenue and $25K in expenditures.
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 11% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $13K in 2024, the largest being $13K to Concordia University-Universite Concordia. Its filed list of directors and trustees shows 4 names.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $23K | $25K | — | — | $13K | $18K |
| 2023 | — | $13K | — | — | $13K | — |
| 2022 | $29K | $20K | — | — | $11K | $23K |
| 2021 | $19K | $20K | — | — | $11K | $15K |
| 2020 | — | — | — | — | $13K | $15K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Receipted donations$23,336
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 $13K to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Amanda Farag (administrator); Hani Farag (president); Laila Farag (vice president); Paul Farag (administrator).
As listed on its 2024 return.
Check the source
Every figure on this page is from Fondation Farag & Ward/Farag & Ward Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 776746323RR0001), or read how we compute the receipt.