Levon - Perouz Babayan Foundation
Private foundation · Mississauga, Ontario · BN 119018810RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($195,944) as filed with the CRA.
Levon - Perouz Babayan Foundation is a private foundation based in Mississauga, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $170K in revenue and $196K 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 28% of peers.
As a grantmaker, it reported gifts to 8 qualified donees totalling $145K in 2024, the largest being $45K to Holy Trinity Armenian Church. Revenue has grown substantially over its filings on record here, from $82K in 2020 to $170K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Grants to churches diocese seminary heritage schools and learned societies
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $170K | $196K | — | — | $145K | $3.5M |
| 2023 | $160K | $193K | — | — | $144K | $3.1M |
| 2022 | $119K | $159K | — | — | $113K | $3M |
| 2021 | $176K | $152K | — | — | $107K | $3.4M |
| 2020 | $82K | $150K | — | — | $106K | $3.1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$164,106
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 $145K to 8 qualified donees:
- Holy Trinity Armenian Church$45K
- Armenian Holy Apostolic Church Canadian Diocese/diocese Canadien de la Sainte Eglise Apostolique Armenienne$37K
- Armenian Community Centre$15K
- Saint Mary Armenian Apostolic Church of Toronto$10K
- ST. Gregory Illuminator the Armenian Apostolic Church$10K
- Zoryan Institute of Canada Inc.$10K
- Armenian Community Centre$10K
- Saint Vartan Armenian Church of Mississauga$7,500
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Knar Basmadjian (director); Shahan Deirmenjian (secretary-treasurer); George Hapogian (treasurer).
As listed on its 2024 return.
Check the source
Every figure on this page is from Levon - Perouz Babayan Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119018810RR0001), or read how we compute the receipt.