Fred and Jon Sherman & Family Foundation
Private foundation · Woodbridge, Ontario · BN 724614318RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($25,962,624) as filed with the CRA.
Fred and Jon Sherman & Family Foundation is a private foundation based in Woodbridge, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $24.1M in revenue and $26M in expenditures.
Its funding that year was roughly 83% from donations. In 2024, 2 other registered charities reported granting it a combined $6M.
Compared with 380 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 96% of peers.
As a grantmaker, it reported gifts to 4 qualified donees totalling $25.9M in 2024, the largest being $19.5M to UJA Federation of Greater Toronto. Its filed list of directors and trustees shows 3 names.
In its own words
The foundation receives accumulates and distributes funds to qualified donees as defined under the income tax act (canada) ('the act').
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $24.1M | $26M | — | — | $25.9M | $32.1M |
| 2023 | $19M | $32.6M | — | — | $32.6M | $34M |
| 2022 | $3M | $934K | — | — | $920K | $47.6M |
| 2021 | $9.5M | $2.1M | — | — | $2.1M | $45.6M |
| 2020 | $35.7M | $470K | — | — | $467K | $38.2M |
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$19,937,133
- Other income$3,557,979
- Investment income$557,750
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 $25.9M to 4 qualified donees:
- UJA Federation of Greater Toronto$19.5M
- The Country Day School$5.5M
- Robyn & Adam Paulin Family Foundation$875K
- Sephardic Educational Foundation of Toronto$72K
Received $6M from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Jonathan Sherman (president); Fred Mercure (vice president); Adam Paulin (secretary-treasurer).
As listed on its 2024 return.
Check the source
Every figure on this page is from Fred and Jon Sherman & Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 724614318RR0001), or read how we compute the receipt.