George and Helen Vari Foundation
Private foundation · Toronto, Ontario · BN 118936988RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,139,574) as filed with the CRA.
George and Helen Vari Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $29.9M in revenue and $1.1M in expenditures.
Its funding that year was roughly 85% from donations.
Compared with 380 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 51% of peers.
As a grantmaker, it reported gifts to 10 qualified donees totalling $1M in 2024, the largest being $400K to The Governing Council of the University of Toronto. Revenue has grown substantially over its filings on record here, from $1.6M in 2020 to $29.9M in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Gifts to qualified donees funding to other charities to provide the following services: -social services in canada -education and research -dulture/arts -religion -environmental and other community benefits
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $29.9M | $1.1M | — | — | $1M | $30.7M |
| 2023 | $324K | $587K | — | — | $560K | $3.9M |
| 2022 | $189K | $226K | — | — | $200K | $2.2M |
| 2021 | $814K | $259K | — | — | $229K | $2.3M |
| 2020 | $1.6M | $859K | — | — | $843K | $1.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1M to 10 qualified donees:
- The Governing Council of the University of Toronto$400K
- The Pollution Probe Foundation$180K
- Sinai Health Foundation$100K
- Meagan Bebenek Foundation$100K
- The York School$100K
- The Governing Council of the University of Toronto$50K
- Toronto Metropolitan University$25K
- Margaret's Housing and Community Support Services Inc.$20K
- ST. Michael's and Providence Foundation$15K
- Operation Walk Canada Inc.$15K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Agnes Hilkene (director); Victoria De Luca (director); Alexandra Hilkene (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from George and Helen Vari Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118936988RR0001), or read how we compute the receipt.