KG Foundation Inc.
Public foundation · Rosenort, Manitoba · BN 760204511RR0001 · Foundations
Source: T3010 return, FPE 2024-10-31. Split of total expenditures ($89,205) as filed with the CRA.
KG Foundation Inc. is a public foundation based in Rosenort, Manitoba, classified by the CRA under foundations. In its fiscal year ending October 31, 2024, it reported $52K in revenue and $89K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 64% of peers.
As a grantmaker, it reported gifts to 4 qualified donees totalling $87K in 2024, the largest being $50K to Heart Team Inc.. Its filed list of directors and trustees shows 3 names.
In its own words
The foundation was registered effective april 17 2018. The purpose of the foundation is to receive and maintain a fund or funds and to apply all or part of the principal and income therefrom from time to time to 'qualified donees' as defined in subsection 149.1 (1) of the income tax act (canada).
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $52K | $89K | — | — | $87K | $1.8M |
| 2023 | $43K | $1,000 | — | — | — | $1.8M |
| 2022 | $42K | $68K | — | — | $65K | $1.8M |
| 2021 | $46K | $35K | $33K | — | $33K | $1.8M |
| 2020 | $46K | $117K | — | — | $115K | $1.8M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Public foundation — endowment and payout, October 31, 2024
- Investment income$51,834
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
Granted $87K to 4 qualified donees:
- Heart Team Inc.$50K
- RM of Morris$20K
- Teen Challenge of Central Canada Inc.$10K
- Red River Church of God in Christ Mennonite Inc.$7,500
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Kenneth Rempel (director); Jerald Bartel (director); David Hiebert (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from KG Foundation Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 760204511RR0001), or read how we compute the receipt.