Indigo Love of Reading Foundation
Private foundation · Toronto, Ontario · BN 817386873RR0001 · Support of Schools and Education · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($2,084,615) as filed with the CRA.
Indigo Love of Reading Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending March 31, 2024, it reported $2M in revenue and $2.1M in expenditures.
Its funding that year was roughly 85% from donations. In 2024, 7 other registered charities reported granting it a combined $7,634.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 35% of peers. Its highest-paid position fell in the $200,000–249,999 range. The charity reported 3 permanent full-time positions.
As a grantmaker, it reported gifts to 97 qualified donees totalling $791K in 2024, the largest being $28K to The Reading Partnership. Its filed list of directors and trustees shows 6 names.
In its own words
The foundation works to improve literacy and to foster love of reading and learning for children in canada by providing funds to support the purchased of new books and educational resources for the libraries of high-needs elementary schools. This past year we continuted to implement the literacy fund grant and adopt-a-school programs.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2M | $2.1M | $183K | $288K | $1.5M | $5.4M |
| 2023 | $1.9M | $2.3M | $151K | $224K | $1.8M | $5.5M |
| 2022 | $2.3M | $2.4M | $446K | $177K | $1.6M | $5.9M |
| 2021 | $934K | $2.6M | $1.3M | $146K | $1.1M | $5.9M |
| 2020 | $2.7M | $2.9M | $1.1M | $261K | $1.4M | $7.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $791K to 97 qualified donees — largest 25 shown:
- The Reading Partnership$28K
- Louis Riel School Division Trust Fund$27K
- The Peel District School Board$27K
- The Board of Education of School District No. 61 (Greater Victoria)$27K
- The Rocky View School Division$27K
- Martin Family Initiative/initiative de la Famille Martin$25K
- Jays CARE Foundation$25K
- The Board of Trustees of Fort McMurray Public School Division$25K
- Bear Creek Elementary$25K
- Conseil Scolaire Acadien Provincial$23K
- Toronto District School Board$23K
- Ottawa-Carleton District School Board$23K
- Toronto District School Board$20K
- The Board of Education of School District No. 22 (Vernon)$20K
- The River East Transcona School Division Trust Fund$18K
- The Board of Education of School District No. 39 (Vancouver)$17K
- The Board of Education of School District No. 63 (Saanich)$17K
- Toronto District School Board$17K
- The Board of Education of School District No. 23 (Central Okanagan)$17K
- Yellowknife Public Denominational District Education Authority$13K
- Bayshore Public School$13K
- ST. Clair Catholic District School Board$13K
- Toronto District School Board$13K
- The Board of Trustees of Edmonton School Division$12K
- Lifted Literacy and Leadership$12K
Received $7,634 from 7 charities:
- Canadahelps Canadon$2,672
- Church of God at Camrose$2,398
- CHIMP: Charitable Impact Foundation (Canada)$1,069
- Canadian Online Giving Foundation$911
- United Way East Ontario / Centraide Est de l'Ontario$325
- PayPal Giving Fund Canada$212
- United Way of Greater Moncton and Southeastern New Brunswick Region Inc.\centraide de la Region du Grand Moncton et du Sud Est du Nouveau-New Brunswick Inc.$47
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $200,000–249,9991 position
- $120,000–159,9991 position
- $40,000–79,9991 position
- Permanent full-time positions3
- Total compensation, all staff$449K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Heather Reisman (director & chair); Jonathan Ehrlich (director); Craig Loudon (director & treasurer); Jane Kruks (director); Rania Husseini (director & secretary); Joyce Gray (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Indigo Love of Reading Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 817386873RR0001), or read how we compute the receipt.