Gerald Sheff & Shanitha Kachan Family Foundation
Private foundation · Toronto, Ontario · BN 887908663RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($3,967,950) as filed with the CRA.
Gerald Sheff & Shanitha Kachan Family 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 $3.6M in revenue and $4M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 37% of peers.
As a grantmaker, it reported gifts to 40 qualified donees totalling $3.2M in 2024, the largest being $2.1M to United Jewish Appeal of Greater Toronto. Revenue has grown substantially over its filings on record here, from $2.2M in 2020 to $3.6M in 2024. Its filed list of directors and trustees shows 3 names.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $3.6M | $4M | — | — | $3.2M | $67M |
| 2023 | $2M | $3.6M | — | — | $3M | $58.6M |
| 2022 | -$3M | $2.9M | — | — | $2.4M | $54.4M |
| 2021 | $4.6M | $4.5M | — | — | $4.1M | $62.5M |
| 2020 | $2.2M | $1.9M | — | — | $1.3M | $59.4M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$1,246,332
- Other income$633,216
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 $3.2M to 40 qualified donees — largest 25 shown:
- United Jewish Appeal of Greater Toronto$2.1M
- United Way of Greater Toronto$195K
- UHN Foundation$141K
- Neshama Hospice$100K
- Aciac$100K
- Shorefast Foundation$50K
- Save a Child's Heart Foundation$50K
- Camp Gesher$50K
- Royal Institution for the Advancement of Learning$40K
- The Toronto Jewish Film Foundation$38K
- Israel Cancer Research Fund (toronto)$34K
- Beth Tzedec Congregation$33K
- McMichael Canadian Art Foundation$30K
- The Governing Council of the University of Toronto$25K
- Les Amis Canadiens de l'Université de Tel Aviv Inc. CanadianFriends of Tel Aviv University Inc.$25K
- Sinai Health Foundation$25K
- Book Clubs for Inmates Inc./ Circles de livres pour detenues Inc.$25K
- Allied Voices for Israel$25K
- The Jerusalem Foundation of Canada Inc. la Fondation Jerusalem du Canada Inc.$20K
- Canadian Centre for Architecture / Centre Canadien d'Architecture$16K
- The Giller Foundation$15K
- Amis Canadiens du Centre Medical Sheba / Canadian Friends of Sheba Medical Center$12K
- Centre for Addiction and Mental Health Foundation$12K
- The Princess Margaret Cancer Foundation$11K
- The Macdonald-Laurier Institute$10K
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
- Total compensation, all staff$90K
Schedule 3 of its 2021 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Gerald Sheff (trustee); Shanitha Kachan (trustee); Sebstiana Larosa (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Gerald Sheff & Shanitha Kachan Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 887908663RR0001), or read how we compute the receipt.