Momentum Foundation
Private foundation · Richmond Hill, Ontario · BN 736767310RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($17,005) as filed with the CRA.
Momentum Foundation is a private foundation based in Richmond Hill, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $200K in revenue and $17K in expenditures.
Its funding that year was roughly 100% from donations.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 90% 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 1 qualified donee totalling $17K in 2024, the largest being $17K to Casey House Foundation. Its filed list of directors and trustees shows 2 names.
In its own words
To receive and maintain a fund or funds and to apply all or part of the principal and income therefrom from time to time to qualified donees as defined in subsection 149.1(1) of the income tax act (canada).
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $200K | $17K | — | — | $17K | $655K |
| 2023 | $150K | $27K | — | — | $17K | $472K |
| 2022 | $200K | $51K | — | — | $50K | $349K |
| 2021 | $200K | — | — | — | — | $200K |
| 2020 | — | — | — | — | — | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $17K to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Brad Wells (chair of the board); Juliana Chung (secretary/treasurer).
As listed on its 2024 return.
Check the source
Every figure on this page is from Momentum Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 736767310RR0001), or read how we compute the receipt.