Mainspring Foundation
Private foundation · King, Ontario · BN 767484116RR0001 · Foundations
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($485,253) as filed with the CRA.
Mainspring Foundation is a private foundation based in King, Ontario, classified by the CRA under foundations. In its fiscal year ending June 30, 2024, it reported $20K in revenue and $485K 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 70% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $480K in 2024, the largest being $480K to Cornerstone to Recovery. Its filed list of directors and trustees shows 3 names.
In its own words
To receive and maintain a fund or funds and to apply all or part of the principal and income therefrom from time to time to qualified donees as defined in subsection 149.1(1) of the Income Tax Act (Canada) that deal with mental health homelessness and addiction issues.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $20K | $485K | — | — | $480K | $114K |
| 2023 | $27K | $861K | — | — | $855K | — |
| 2022 | $24K | $135K | — | — | $130K | $1.4M |
| 2021 | $1.6M | $36K | — | — | — | — |
| 2020 | — | $7,458 | — | — | — | -$9,082 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $480K to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Blaine Hobson (director); Gregory Hobson (director); Mary Yorke (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Mainspring Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 767484116RR0001), or read how we compute the receipt.