Klass Foundation
Private foundation · Toronto, Ontario · BN 772316501RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($850,435) as filed with the CRA.
Klass Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $686K in revenue and $850K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 51% of peers.
As a grantmaker, it reported gifts to 40 qualified donees totalling $747K in 2024, the largest being $194K to United Jewish Appeal of Greater Toronto. Revenue has grown substantially over its filings on record here, from $178K in 2022 to $686K in 2024. Its filed list of directors and trustees shows 2 names.
In its own words
To receive and maintain a fund or funds and apply all or part of the principal and income therefrom from time to time for exclusively charitable purposes by making donations to charitable organizations that are also registered charities under the income tax act including but not limited to those charitable organizations that promote health and / or the advancement of education.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2022–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $686K | $850K | — | — | $747K | $10.8M |
| 2023 | $1.1M | $757K | — | — | $660K | $9.7M |
| 2022 | $178K | $620K | — | — | $545K | $9.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $747K to 40 qualified donees — largest 25 shown:
- United Jewish Appeal of Greater Toronto$194K
- Sunnybrook Health Sciences Centre Foundation$118K
- University of Southern California$71K
- Next Canada$50K
- Friends of Simon Wiesenthal Center for Holocaust Studies$50K
- University Health Network$25K
- One Family Fund Canada$25K
- Beit Halochem Canada /aid to Disabled Veterans of Israel (canada)$25K
- The Hospital for Sick Children Foundation$23K
- Madiro$22K
- McMaster University$15K
- Canadian Magen David Adom for Israel/Magen David Adom Canadien pour Israel$10K
- Campfire Circle Autour du Feu$10K
- Beth Tzedec Congregation$10K
- The Bishop Strachan School Foundation$10K
- Prosserman Jewish Community Centre$10K
- Ontario College of Art & Design University Universite de l'Ecole d'Art et de Design de l'Ontario$8,000
- The Baycrest Centre Foundation$8,000
- Haiti Mama Canada$6,500
- Toronto Metropolitan University$5,000
- La Fondation Kanpe /The Kanpe Foundation$5,000
- The Governing Council of the University of Toronto$5,000
- Golf Canada Foundation$5,000
- Chai Lifeline (canada) Inc.$4,100
- Heart and Stroke Foundation of Canada$3,600
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Daniel Klass (trustee); Marisa Klass (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Klass Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 772316501RR0001), or read how we compute the receipt.