La Fondation Araxie & Hagop Kestekian Foundation
Private foundation · North York, Ontario · BN 119000180RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($37,352) as filed with the CRA.
La Fondation Araxie & Hagop Kestekian Foundation is a private foundation based in North York, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $36K in revenue and $37K in expenditures.
Its funding that year was roughly 22% from donations.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 70% of peers.
As a grantmaker, it reported gifts to 9 qualified donees totalling $37K in 2024, the largest being $27K to Atken Armenian Foundation. Revenue has grown substantially over its filings on record here, from $15K in 2020 to $36K in 2024. Its filed list of directors and trustees shows 3 names.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $36K | $37K | — | — | $37K | $185K |
| 2023 | $21K | $21K | $0 | — | $21K | $186K |
| 2022 | $18K | $18K | $0 | — | $18K | $186K |
| 2021 | $18K | $18K | $0 | — | $18K | $186K |
| 2020 | $15K | $16K | $0 | — | $15K | $187K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Other income$27,640
- Receipted donations$8,000
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 $37K to 9 qualified donees:
- Atken Armenian Foundation$27K
- Sunnybrook Foundation$2,300
- Holy Trinity Armenian Church$2,000
- North York General Hospital Foundation$1,500
- CAMH Foundation$1,500
- Canadian Council of the Blind$1,280
- Ontario Cerebral Palsy Sports$840
- Canadian Red Cross$300
- MS Canada$250
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Daron Misakyan (treasurer); Virginia Misakyan (chairperson); Hagop Misakyan.
As listed on its 2024 return.
Check the source
Every figure on this page is from La Fondation Araxie & Hagop Kestekian Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119000180RR0001), or read how we compute the receipt.