Moez & Marissa Kassam Foundation
Private foundation · Toronto, Ontario · BN 756517322RR0001 · Foundations
Source: T3010 return, FPE 2024-07-31. Split of total expenditures ($2,597,072) as filed with the CRA.
Moez & Marissa Kassam Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending July 31, 2024, it reported $31.4M in revenue and $2.6M in expenditures.
Its funding that year was roughly 40% 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 86% of peers.
As a grantmaker, it reported gifts to 53 qualified donees totalling $2.5M in 2024, the largest being $457K to Toronto Foundation for Student Success. Revenue has grown substantially over its filings on record here, from $3.5M in 2020 to $31.4M in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
The organization uses its funds in order to support qualified donees as defined in subsection 149.1(1) of the income tax act (canada) with their endeavors. Through gifting its funds to qualified donees the organization intends to make valuable contributions to such organizations as registered canadian charities and listed charitable organizations outside of canada to which her majesty in right of canada has made a gifit. The activities ot the organization namely the selection of qualified donees to whom to gift funds will enable the organization to achieve its stated purpose of applying all…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $31.4M | $2.6M | — | — | $2.6M | $67.6M |
| 2023 | $12.9M | $1.6M | — | — | $1.6M | $38.9M |
| 2022 | $10.3M | $1.3M | — | — | $1.3M | $27.6M |
| 2021 | $14.3M | $1.2M | $6,525 | — | $1.1M | $18.6M |
| 2020 | $3.5M | $536K | $72K | — | $449K | $5.4M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $2.5M to 53 qualified donees — largest 25 shown:
- Toronto Foundation for Student Success$457K
- Sinai Health Foundation$265K
- International Development and Relief Foundation$260K
- Canadian Olympic Foundation$256K
- The Toronto Public Library Foundation$170K
- Toronto East Health Network Foundation$150K
- Islamic Shia Ithna-Asheri Jamaat of Toronto$123K
- SMILE Canada- Support Services$120K
- Fred Victor Centre$105K
- ST. Michael's and Providence Foundation$103K
- Sakeenah Canada$60K
- The Jasmine House$50K
- Canadahelps Canadon$45K
- Circle Home Charity Society$43K
- Max Scholarship Fund$41K
- Holland Bloorview Kids Rehabilitation Hospital Foundation$29K
- Toronto District School Board$26K
- Toronto Foundation$25K
- Sajjadiyya Trust$25K
- Muslim Food Bank and Community Services Society$25K
- Big Brothers Big Sisters of Toronto$25K
- Vedanta Cultural Foundation Canada$21K
- Campfire Circle Autour du Feu$20K
- The Hospital for Sick Children Foundation$14K
- Toronto Children's CARE Inc.$9,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Moez Kassam (president); Marissa Kassam (vice president); Andrew Blott (secretary); Hassan Valji (treasurer); Sarah Fulford (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Moez & Marissa Kassam Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 756517322RR0001), or read how we compute the receipt.