Foundation Counts Philanthropic Foundation
Private foundation · Newmarket, Ontario · BN 703643932RR0001 · Foundations Relieving Poverty
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($54,986) as filed with the CRA.
Foundation Counts Philanthropic Foundation is a private foundation based in Newmarket, Ontario, classified by the CRA under foundations relieving poverty. In its fiscal year ending December 31, 2024, it reported $271K in revenue and $55K in expenditures.
Its funding that year was roughly 74% from donations.
Compared with 2,470 poverty-relief charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 54% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 3 qualified donees totalling $45K in 2024, the largest being $20K to Markham Food Bank. Revenue has grown substantially over its filings on record here, from $105K in 2021 to $271K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
We organized packed and issued over 650 Christmas hampers to families this year in partnership with Markham Food Bank and Logos Baptist Church along with toys for children under 18
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $271K | $55K | $4,047 | — | $45K | $552K |
| 2023 | $164K | $18K | — | — | $15K | $336K |
| 2022 | $100K | $10K | — | — | $10K | $191K |
| 2021 | $105K | $2,000 | — | — | $2,000 | $103K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $45K to 3 qualified donees:
- Markham Food Bank$20K
- Girls Incorporated of York Region$15K
- Aurora Food Pantry$10K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Lisa Yip (director); Jason Yip (director); Kirsten Yip (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Foundation Counts Philanthropic Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 703643932RR0001), or read how we compute the receipt.