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.
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.