Milestone Foundation Inc.
Private foundation · Woodbridge, Ontario · BN 821182391RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($30,000) as filed with the CRA.
Milestone Foundation Inc. is a private foundation based in Woodbridge, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $10.8M in revenue and $30K in expenditures.
Its funding that year was roughly 97% from donations.
Compared with 380 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 97% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 3 qualified donees totalling $21K in 2024, the largest being $10K to Humber River Hospital. Revenue has grown substantially over its filings on record here, from $415K in 2020 to $10.8M in 2024. Its filed list of directors and trustees shows 4 names.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $10.8M | $30K | — | — | $30K | $17.5M |
| 2023 | $4.3M | $145K | — | — | $145K | $6.7M |
| 2022 | $594K | $71K | — | — | $71K | $2.6M |
| 2021 | $1.5M | $76K | — | — | $76K | $2M |
| 2020 | $415K | $20K | — | — | $20K | $596K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Receipted donations$10,445,225
- Investment income$367,431
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 3 qualified donees:
- Humber River Hospital$10K
- Bowmanville Hospital Foundation$10K
- Sinai Health Foundation$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
John Spina (president); Maria Digiuseppe (secretary treasurer); Jessica Spina (director); John Paul Spina (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Milestone Foundation Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 821182391RR0001), or read how we compute the receipt.