HBNG Charitable Foundation
Private foundation · Woodbridge, Ontario · BN 738199280RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,366,110) as filed with the CRA.
HBNG Charitable 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 $334K in revenue and $1.4M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 78% of peers.
As a grantmaker, it reported gifts to 7 qualified donees totalling $1.3M in 2024, the largest being $1.2M to UHN Foundation. Revenue has declined over its filings on record here, from $3.1M in 2020 to $334K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The HBNG Charitable Foundation (the 'Foundation') will make grants to qualified donees under the Income Tax Act (Canada). Particularly (though not limited to) the Foundation intends to grant funds annually to qualified donees who support the areas of health social services religion and education. The Foundation also intends to support qualified donees who are working to make communities viable sustainable economically workable and desirable for all residents. The Foundation Has Provided Grants To Mackenzi Health Foundation And Intends To Continue Doing So On An Annual Basis. This year the …
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $334K | $1.4M | — | — | $1.3M | $10.2M |
| 2023 | $5M | $1.3M | — | — | $1.3M | $11.2M |
| 2022 | — | $661K | — | — | $611K | $7.6M |
| 2021 | — | $389K | — | — | $380K | $2.2M |
| 2020 | $3.1M | $480K | — | — | $472K | $2.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1.3M to 7 qualified donees:
- UHN Foundation$1.2M
- Kayla's Children Centre$25K
- IC Savings Foundation$23K
- The Caritas Foundation$10K
- The Princess Margaret Cancer Foundation$10K
- The Angel Foundation for Learning$10K
- Vibrant Markham Foundation$3,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
John D'Angelo (director); Giuseppe Maio (director); Claudio Memme (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from HBNG Charitable Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 738199280RR0001), or read how we compute the receipt.