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.
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.