Herzog Family Trust
Private foundation · Montreal, Quebec · BN 830922928RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($228,541) as filed with the CRA.
Herzog Family Trust is a private foundation based in Montreal, Quebec, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $38K in revenue and $229K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,624 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 46% of peers.
As a grantmaker, it reported gifts to 2 qualified donees totalling $206K in 2024, the largest being $167K to ACH Foundation. Revenue has declined over its filings on record here, from $902K in 2020 to $38K in 2024. Its filed list of directors and trustees shows 2 names.
In its own words
The herzog family trust provides funds to qualified donees as defined in the income tax act and advances education by providing scholarships
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $38K | $229K | — | — | $206K | $364K |
| 2023 | $1.7M | $16.5M | — | — | $16.5M | $555K |
| 2022 | $1.6M | $4.2M | $498 | — | $4.2M | $15.4M |
| 2021 | $4.1M | $6.8M | $100K | — | $6.7M | $18M |
| 2020 | $902K | $2.1M | — | — | $1.8M | $20.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Other income$37,567
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 $206K to 2 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Aaron Herzog (trustee executive); Jacob Herzog (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Herzog Family Trust’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 830922928RR0001), or read how we compute the receipt.