IBM Canada Ltd. Employees' Charitable Fund
Private foundation · Markham, Ontario · BN 118966100RR0001 · Foundations · website
Source: T3010 return, FPE 2023-12-31. Split of total expenditures ($994,761) as filed with the CRA.
IBM Canada Ltd. Employees' Charitable Fund is a private foundation based in Markham, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2023, it reported $7,667 in revenue and $995K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 65% from donations. In 2024, 1 other registered charity reported granting it a combined $97.
Compared with 3,292 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 80% of peers.
Revenue has declined over its filings on record here, from $1.3M in 2020 to $7,667 in 2023.
In its own words
Provides fundraising and disbursements to registered charities.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2023
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2023 | $7,667 | $995K | — | — | $994K | $987K |
| 2022 | $1.2M | $769K | — | — | $769K | $987K |
| 2021 | $1.1M | $1.2M | — | — | $1.2M | $594K |
| 2020 | $1.3M | $1.4M | — | — | $1.4M | $646K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2023
- Receipted donations$4,963
- Investment income$2,704
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
Received $97 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Check the source
Every figure on this page is from IBM Canada Ltd. Employees' Charitable Fund’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118966100RR0001), or read how we compute the receipt.