IC Savings Foundation
Public foundation · Woodbridge, Ontario · BN 827880923RR0001 · Foundations
Source: T3010 return, FPE 2024-01-31. Split of total expenditures ($253,031) as filed with the CRA.
IC Savings Foundation is a public foundation based in Woodbridge, Ontario, classified by the CRA under foundations. In its fiscal year ending January 31, 2024, it reported $585 in revenue and $253K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
In 2024, 2 other registered charities reported granting it a combined $48K.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 69% of peers.
Revenue has declined over its filings on record here, from $2,793 in 2020 to $585 in 2024. Its filed list of directors and trustees shows 10 names.
In its own words
Oversee social and benevolent initiatives and donations to the community in which ic cre dit union limited operates.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $585 | $253K | — | — | $250K | $141K |
| 2023 | $1,240 | $260K | — | — | $256K | $393K |
| 2022 | $1,264 | $8,728 | — | — | $6,000 | $652K |
| 2021 | $103K | $24K | — | — | $21K | $659K |
| 2020 | $2,793 | $9,456 | — | — | $7,000 | $580K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $48K from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Fausto Gaudio (director); Robert Gray (director-secretary); Sam Ciccolini (director); Morris Cariola (director-treasurer); Alex De Lulis (director); Dino Bottero (director); Italo DI Bonaventura (director); Ralph Aquino (director); Ralph Chiodo (chairman); Vincenzo Mariani (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from IC Savings Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 827880923RR0001), or read how we compute the receipt.