Magellan Community Foundation
Public foundation · Etobicoke, Ontario · BN 715287488RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($2,802,480) as filed with the CRA.
Magellan Community Foundation is a public foundation based in Etobicoke, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $2.1M in revenue and $2.8M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 96% from donations. In 2024, 9 other registered charities reported granting it a combined $966K.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 40% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $2.3M in 2024, the largest being $2.3M to Magellan Community Charities. Revenue has grown substantially over its filings on record here, from $221K in 2020 to $2.1M in 2024. Its filed list of directors and trustees shows 10 names.
In its own words
The organization has set out its purposes as to solicit funds for the benefit of the charitable organizations that are affiliated with magellan community charities
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.1M | $2.8M | $17K | $387K | $2.3M | $2.7M |
| 2023 | $1.2M | $1.3M | $9,568 | — | $1.2M | $3.4M |
| 2022 | $1.2M | $462K | $11K | — | $395K | $3.5M |
| 2021 | $3.5M | $881K | $20K | — | $810K | $2.7M |
| 2020 | $221K | $69K | $65K | — | — | $75K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $2.3M to 1 qualified donee:
Received $966K from 9 charities:
- The Joseph Lebovic Charitable Foundation$550K
- Liuna Local 183 Charitable Foundation$250K
- The DR. Wolf Lebovic Charitable Foundation$137K
- The Di Marco Family Foundation$20K
- United Way of Greater Toronto$7,043
- The Azrieli Foundation$1,000
- Canadahelps Canadon$961
- Canadian Online Giving Foundation$201
- My Tribute Gift Foundation—
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Manuel Dacosta (board chair); Sergio Ruivo (treasurer); John Da Costa (director); Tulia Ferreira (director); Victor Fonseca (director); Ofelia Isabel (director); Gilberto Nicolau (director); Vitor Silva (director); Silvia Jacinto (director); Jason Pereira (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Magellan Community Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 715287488RR0001), or read how we compute the receipt.