Masterpiece Charitable Foundation
Private foundation · Toronto, Ontario · BN 898194170RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($8,060,679) as filed with the CRA.
Masterpiece Charitable Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $7M in revenue and $8.1M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 1,554 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 11 qualified donees totalling $5.4M in 2024, the largest being $3.5M to The Samaritan's Purse - Canada. Revenue has grown substantially over its filings on record here, from $85K in 2020 to $7M in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
The foundation carried out the following programs during the year: 1) donating funds to registered charities and other qualified donees 2) providing funding for education through bursaries and awards to immigrants to israel and native israeli citizens
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $7M | $8.1M | $2.2M | — | $5.4M | $117.6M |
| 2023 | $103.5M | $3M | $2.3M | — | $198K | $118.6M |
| 2022 | $13.2M | $2.4M | $2.1M | — | $87K | $18.1M |
| 2021 | $3.1M | $2.4M | $2.1M | — | $119K | $7.2M |
| 2020 | $85K | $2.5M | $2.2M | — | $120K | $6.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $5.4M to 11 qualified donees:
- The Samaritan's Purse - Canada$3.5M
- True North Ministries$1.1M
- The Great Commission Foundation$275K
- The Gathering Place of Aurora Inc$165K
- Ne'Eman Foundation Canada$125K
- Canada Charity Partners$70K
- Prison Fellowship of Canada$40K
- Canadian Centre for Abuse Awareness$18K
- Hope 360$17K
- The National Ballet of Canada/le Ballet National du Canada$10K
- Eagle Worldwide Ministries$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Julia Royer (president); Jeffrey Royer (secretary-treasurer); Mary Bianchini (director); David Royer (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Masterpiece Charitable Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 898194170RR0001), or read how we compute the receipt.