KRG Children's Charitable Foundation
Private foundation · Toronto, Ontario · BN 895736312RR0001 · Foundations · website
Source: T3010 return, FPE 2021-12-31. Split of total expenditures ($34,555,175) as filed with the CRA.
KRG Children's Charitable Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2021, it reported $3.3M in revenue and $34.6M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 22% from donations.
Compared with 1,368 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 89% of peers. Its highest-paid position fell in the $40,000–79,999 range. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 7 qualified donees totalling $34.4M in 2021, the largest being $23.6M to Wise Family Foundation. Its filed list of directors and trustees shows 3 names.
In its own words
The charity is principally involved in raising money and makingdonations to other registered charities with the focus being given to children's charities.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2021
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2021 | $3.3M | $34.6M | — | — | $34.4M | $133K |
| 2020 | $9.8M | $1.3M | — | $10K | $957K | $31.4M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2021
Granted $34.4M to 7 qualified donees:
- Wise Family Foundation$23.6M
- Meeko Charitable Foundation$10.8M
- Armenian Community Centre$7,500
- Zoryan Institute of Canada Inc.$5,000
- Holy Trinity Armenian Church$3,000
- Armenian Community Centre of Cambridge$3,000
- ST George and ST Rueiss Coptic Orthodox Church Toronto$2,500
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9991 position
- Permanent full-time positions1
- Total compensation, all staff$47K
Schedule 3 of its 2021 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2021)
Roderick Macdonald (director); Michael Wise (director); Steven Wise (director).
As listed on its 2021 return.
Check the source
Every figure on this page is from KRG Children's Charitable Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 895736312RR0001), or read how we compute the receipt.