Ibvm Foundation of Canada Inc.
Public foundation · Toronto, Ontario · BN 852483544RR0001 · Foundations Advancing Religion
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($4,270,232) as filed with the CRA.
Ibvm Foundation of Canada Inc. is a public foundation based in Toronto, Ontario, classified by the CRA under foundations advancing religion. In its fiscal year ending December 31, 2024, it reported $11.3M in revenue and $4.3M in expenditures.
In 2024, 1 other registered charity reported granting it a combined $3,000.
Compared with 158 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 45% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 1 qualified donee totalling $3.7M in 2024, the largest being $3.7M to The Loretto Ladies' Colleges and Schools. Revenue has grown substantially over its filings on record here, from $3.4M in 2020 to $11.3M in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
The ibvm foundation donates funds to 'the loretto ladies' colleges and schools' ( a canadian registered charity) for use in its charitable activities wich include: -the care and support of members of the institute of the blessed virgin mary; -university ministry retreat work education refugee ministry and other care giving for those in need.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $11.3M | $4.3M | $17K | — | $3.7M | $79.3M |
| 2023 | $6.7M | $4.1M | — | — | $3.6M | $72.2M |
| 2022 | -$5.5M | $2.7M | — | — | $2.1M | $69.7M |
| 2021 | $9M | $2.3M | — | — | $1.7M | $77.9M |
| 2020 | $3.4M | $2.1M | — | — | $1.6M | $71.3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $3.7M to 1 qualified donee:
Received $3,000 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Mary Teresa Kane (president); Margaret Lindsay (secretary/treasurer); Jeanine Glute (director); Ursula Witkowska (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Ibvm Foundation of Canada Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 852483544RR0001), or read how we compute the receipt.