Fondation Phi pour l'art contemporain Phi Foundation for Contemporary Art
Private foundation · Montreal, Quebec · BN 851478149RR0001 · Arts
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($7,591,982) as filed with the CRA.
Fondation Phi pour l'art contemporain Phi Foundation for Contemporary Art is a private foundation based in Montreal, Quebec, classified by the CRA under arts. In its fiscal year ending December 31, 2024, it reported $9.1M in revenue and $7.6M in expenditures.
Its funding that year was roughly 81% from donations.
Compared with 296 arts charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 15% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group. Its highest-paid position fell in the $160,000–199,999 range. The charity reported 11 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $5.3M in 2020 to $9.1M in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The objectives of the foundation are: - make major contemporary art available to the community at large; - ensure a wide audience for contemporary art and hence for the cultural heritage; - promote education and outreach to the community.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $9.1M | $7.6M | $4.6M | — | — | $33M |
| 2023 | $7M | $7M | $4.4M | — | — | $28.7M |
| 2022 | $16.1M | $17.3M | $14.9M | — | — | $26.3M |
| 2021 | $1M | $4.1M | $2.4M | — | — | $16.1M |
| 2020 | $5.3M | $4.9M | $3.1M | — | — | $19.1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
What it pays
Its ten highest-paid positions, by band:
- $160,000–199,9991 position
- $80,000–119,9991 position
- $40,000–79,9999 positions
- Permanent full-time positions11
- Total compensation, all staff$1.5M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Phoebe Greenberg (president); Miles Greenberg (director); Elias Benhamou (secretary).
As listed on its 2024 return.
Check the source
Every figure on this page is from Fondation Phi pour l'art contemporain Phi Foundation for Contemporary Art’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 851478149RR0001), or read how we compute the receipt.