Knight Bain Seath & Holbrook Spirit Foundation
Private foundation · Toronto, Ontario · BN 868317694RR0001 · Foundations
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($127,644) as filed with the CRA.
Knight Bain Seath & Holbrook Spirit Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending June 30, 2024, it reported $77K in revenue and $128K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 15% from donations, 32% from other charities. 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 17% of peers. Its fundraising cost per donated dollar was higher than 77% of that peer group.
As a grantmaker, it reported gifts to 3 qualified donees totalling $81K in 2024, the largest being $27K to Doane Music School. Revenue has declined over its filings on record here, from $191K in 2020 to $77K in 2024. Its filed list of directors and trustees shows 6 names.
In its own words
The focus of the foundation is to promote education health services and research and the relief of povrty. Particularly for the benefit of underprivileged and sick children throughout canada.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $77K | $128K | — | $12K | $81K | $1M |
| 2023 | $94K | $148K | — | — | $115K | $1.1M |
| 2022 | $95K | $36K | — | $400 | — | $1.1M |
| 2021 | $124K | $75K | — | $307 | $48K | $1M |
| 2020 | $191K | $75K | — | $400 | $50K | $663K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, June 30, 2024
- Investment income$52,400
- From other charities$25,093
- Receipted donations$11,250
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 $81K to 3 qualified donees:
Received $48K from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
- Total compensation, all staff$8,000
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Tim Stinson (president/director); David Knight (director); Rui Cardoso (director); Jacqueline Corneil (director); Jason Knight (director); Reid Stinson (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Knight Bain Seath & Holbrook Spirit Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 868317694RR0001), or read how we compute the receipt.