Malhotra Family Foundation
Private foundation · Ottawa, Ontario · BN 822225116RR0001 · Foundations · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($133,791) as filed with the CRA.
Malhotra Family Foundation is a private foundation based in Ottawa, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $55K in revenue and $134K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 78% from donations.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 51% of peers.
As a grantmaker, it reported gifts to 2 qualified donees totalling $125K in 2024, the largest being $75K to The Ottawa Food Bank/la Banque d'Alimentation d'Ottawa. Revenue has grown substantially over its filings on record here, from $36K in 2020 to $55K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The malhotra family foundation was organized for the purpose of maintaining a fund or funds and to apply all or part of the principal and income therefrom from time to time to charitable organizations. They achieve this by hosting a variety of fundraising events throughout the year.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $55K | $134K | — | — | $125K | $89K |
| 2023 | $408K | $268K | — | $104K | $150K | $168K |
| 2022 | $321K | $131K | — | $22K | $100K | $28K |
| 2021 | $401 | $269K | — | — | $250K | -$162K |
| 2020 | $36K | $240K | — | — | $225K | $107K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $125K to 2 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Subhash Malhotra (director); Shawn Malhotra (director); Louise Malhotra (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Malhotra Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 822225116RR0001), or read how we compute the receipt.