Karma Foundation
Private foundation · Lunenburg, Ontario · BN 701726895RR0001 · Foundations
Source: T3010 return, FPE 2023-12-31. Split of total expenditures ($2,000) as filed with the CRA.
Karma Foundation is a private foundation based in Lunenburg, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2023, it reported $2,000 in revenue and $2,000 in expenditures.
Its funding that year was roughly 100% from donations.
Compared with 3,292 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 82% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $2,000 in 2023, the largest being $2,000 to Maclaren Art Centre. Revenue has declined over its filings on record here, from $35K in 2020 to $2,000 in 2023. Its filed list of directors and trustees shows 2 names.
In its own words
The foundation was formed to receive and distribute funds to qualified donees as defined in subsection 149.1 (1) of the income tax act (canada). The foundation is a registered charity under the income tax act.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2023
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2023 | $2,000 | $2,000 | — | — | $2,000 | — |
| 2022 | — | — | — | — | — | — |
| 2021 | $35K | $35K | — | — | $35K | — |
| 2020 | $35K | $35K | — | — | $35K | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2023
Granted $2,000 to 1 qualified donee:
- Maclaren Art Centre$2,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2023)
Jeffrey Bourret (director); Deanna Bourret (director).
As listed on its 2023 return.
Check the source
Every figure on this page is from Karma Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 701726895RR0001), or read how we compute the receipt.