Foundation for Contemporary Art
Private foundation · Montreal, Quebec · BN 733486310RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($85,996) as filed with the CRA.
Foundation for Contemporary Art is a private foundation based in Montreal, Quebec, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $36K in revenue and $86K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 23% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $20K in 2024, the largest being $20K to Cinéma Public. Revenue has declined over its filings on record here, from $1.5M in 2020 to $36K in 2024. Its filed list of directors and trustees shows 2 names.
In its own words
To be operated exclusively for public charitable purposes and particularly to receive and maintain a fund or funds and to apply all or part of the prinicpal and income therefrom from time to time to qualified donees as defined in subsection 149.1(1) of the income tax act (canada)
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $36K | $86K | — | — | $61K | $1.4M |
| 2023 | $39K | $127K | — | — | $79K | $1.5M |
| 2022 | $53K | $117K | — | — | $75K | $1.6M |
| 2021 | $193K | $61K | — | — | $28K | $1.6M |
| 2020 | $1.5M | $20K | — | — | — | $1.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $20K to 1 qualified donee:
- Cinéma Public$20K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Michèle Thériault (fiduciaire); Nina Fu Tomas-Thériault (fiduciaire).
As listed on its 2024 return.
Check the source
Every figure on this page is from Foundation for Contemporary Art’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 733486310RR0001), or read how we compute the receipt.