Kyzalea Foundation
Private foundation · Toronto, Ontario · BN 814913588RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($711,878) as filed with the CRA.
Kyzalea 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 $721K in revenue and $712K in expenditures.
Its funding that year was roughly 8% from donations.
Compared with 2,689 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 7 qualified donees totalling $667K in 2024, the largest being $409K to Village Community Foundation. Its filed list of directors and trustees shows 5 names.
In its own words
The foundation will be funding 'qualified donees'.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $721K | $712K | — | — | $667K | $4.3M |
| 2023 | $898K | $988K | — | — | $974K | $4.3M |
| 2022 | $632K | $1.2M | — | — | $1.2M | $4.4M |
| 2021 | $2.1M | $914K | — | — | $897K | $5M |
| 2020 | $827K | $1.1M | — | — | $1M | $3.9M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $667K to 7 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Seth Mersky (president); Theresa Mersky (secretary); Leah Mersky (director); Samuel Mersky (director); Zane Mersky (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Kyzalea Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 814913588RR0001), or read how we compute the receipt.