Grace Family Network Foundation
Public foundation · Burnaby, British Columbia · BN 863055752RR0001 · Foundations · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($8,005) as filed with the CRA.
Grace Family Network Foundation is a public foundation based in Burnaby, British Columbia, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $14K in revenue and $8,005 in expenditures.
Its funding that year was roughly 8% from donations, 47% from other charities. In 2024, 4 other registered charities reported granting it a combined $15K.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 16% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $5,000 in 2024, the largest being $5,000 to Urbanpromise Ministries. Its filed list of directors and trustees shows 5 names.
In its own words
We donate funds (grants) to other registered charitable organizations that provide programs for underprivileged children. We also provide scholarships to students entering post-secondary school.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $14K | $8,005 | — | — | $5,000 | $167K |
| 2023 | $22K | $8,004 | — | — | $5,000 | $151K |
| 2022 | $11K | $6,500 | — | — | $5,000 | $131K |
| 2021 | $9,585 | $6,500 | — | — | $5,000 | $141K |
| 2020 | $10K | $6,500 | — | — | $5,000 | $129K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $5,000 to 1 qualified donee:
- Urbanpromise Ministries$5,000
Received $15K from 4 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Andrew Kowalenko (president/director); Clark Lim (treasurer/director); Peter Ahn (executive director); Kyung Baek (director); Beau Lee (secretary/director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Grace Family Network Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 863055752RR0001), or read how we compute the receipt.