Hedge Funds CARE Canada
Public foundation · Toronto, Ontario · BN 825507478RR0001 · Foundations · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($35,997) as filed with the CRA.
Hedge Funds CARE Canada is a public foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $32K in revenue and $36K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 100% from donations.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 30% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $20K in 2024, the largest being $20K to Victim Services of Durham Region. Revenue has declined over its filings on record here, from $84K in 2020 to $32K in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
Victim services durham region (vsdr) a. Target group-focused on youth/teens (12-18); aging-out foster care ya (18-24); children (0-18); b. Say no more
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $32K | $36K | $8,182 | $4,901 | $20K | $34K |
| 2023 | $23K | $41K | $7,980 | $3,013 | $25K | $42K |
| 2022 | $7,568 | $41K | $7,880 | $1,817 | $31K | $65K |
| 2021 | $39K | $125K | $8,040 | $1,751 | $114K | $98K |
| 2020 | $84K | $99K | $7,860 | $6,383 | $78K | $217K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $20K to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Dean Backer (interlocking director); Jim McGovern (director); Laura Reid (director); Emer McGuckin (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Hedge Funds CARE Canada’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 825507478RR0001), or read how we compute the receipt.