Mago Charitable Foundation
Private foundation · Vancouver, British Columbia · BN 721430080RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($26,974) as filed with the CRA.
Mago Charitable Foundation is a private foundation based in Vancouver, British Columbia, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $11K in revenue and $27K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 97% of peers.
As a grantmaker, it reported gifts to 5 qualified donees totalling $21K in 2024, the largest being $13K to VGH & Ubc Hospital Foundation.
In its own words
Donations made to other qualified charitable organizations
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $11K | $27K | $21K | — | $21K | $134K |
| 2023 | $7,717 | $20K | $15K | — | $15K | $149K |
| 2022 | $18K | $20K | $15K | — | $15K | $162K |
| 2021 | $33K | $23K | $13K | — | $13K | $164K |
| 2020 | $11K | $37K | $19K | — | $19K | $155K |
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$2,985
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 $21K to 5 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Check the source
Every figure on this page is from Mago Charitable Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 721430080RR0001), or read how we compute the receipt.