Margie Yung Foundation
Private foundation · North York, Ontario · BN 711960930RR0001 · Foundations
Source: T3010 return, FPE 2024-07-31. Split of total expenditures ($20,048) as filed with the CRA.
Margie Yung Foundation is a private foundation based in North York, Ontario, classified by the CRA under foundations. In its fiscal year ending July 31, 2024, it reported $20K in revenue and $20K in expenditures.
Its funding that year was roughly 100% 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 76% of peers.
As a grantmaker, it reported gifts to 5 qualified donees totalling $20K in 2024, the largest being $8,000 to The Governing Council of the Salvation Army in Canada. Its filed list of directors and trustees shows 3 names.
In its own words
Following closely the purpose and programs outlined in the governing documents the Margie Yung Foundation donated $20 000 in the financial year ending on July 31 2024 to five CRA registered charity organizations in Canada. The five charity organizations are shown in Form T1236 and the attached 2023-2024 financial statement. They are: (1) The Salvation Army in Toronto $8 000 (2) The Samaritan's Purse Canada in Calgary $4 000 (3) The World Vision Canada in Mississauga $1 000 (4) The Scott Mission in Toronto $3 500 and (5) The Ottawa Mission Foundation $3 500. Also following closely the …
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $20K | $20K | $0 | — | $20K | $1,262 |
| 2023 | $20K | $20K | $0 | — | $20K | $1,310 |
| 2022 | $20K | $19K | $0 | — | $19K | $960 |
| 2021 | $0 | $0 | $0 | — | $0 | $0 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $20K to 5 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
David Yung (director and president); Brian Yung (director and secretary); Wei Su (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Margie Yung Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 711960930RR0001), or read how we compute the receipt.