Mon Sheong Foundation
Publicly funded institution · Toronto, Ontario · BN 119044618RR0001 · Organizations Relieving Poverty · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($114,865,343) as filed with the CRA.
Mon Sheong Foundation is a charitable organization based in Toronto, Ontario, classified by the CRA under organizations relieving poverty. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending December 31, 2024, it reported $125.4M in revenue and $114.9M in expenditures.
Its funding that year was roughly 58% from government. Government funding is the majority of its budget. In 2024, 19 other registered charities reported granting it a combined $313K.
Compared with 427 poverty-relief institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 41% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group. Its highest-paid position fell in the $350,000 and over range. The charity reported 276 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $59.4M in 2020 to $125.4M in 2024. Its filed list of directors and trustees shows 20 names.
In its own words
Mon sheong foundation is dedicated to the promotion of chinese culture heritage and philosophy through caring for the elderly edifying the young and providing program and services in response to the needs of the communities. Ongoing programs include daily living care as well as social and cultural activities provided to four long term care homes three seniors apartments and two retirement homes adult day care chinese language instruction classes senior social events and youth development. These programs are carried out by full or part time staff as well as volunteers. The foundations o…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $125.4M | $114.9M | $103.8M | $640K | — | $175.8M |
| 2023 | $115.2M | $105.6M | $95.9M | $626K | $2,630 | $165.3M |
| 2022 | $103.2M | $99.5M | $90.3M | $582K | — | $155.7M |
| 2021 | $69.5M | $66.4M | $58.7M | $339K | — | $150.4M |
| 2020 | $59.4M | $58.6M | $51.3M | $389K | $50K | $141.3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $313K from 19 charities:
- The S E Lam Family Foundation$56K
- The New Hope Foundation$50K
- The ABC Charity Foundation$50K
- Canadian Online Giving Foundation$32K
- RBC Foundation$30K
- Canada Gives$20K
- The Atkinson Charitable Foundation$18K
- Aqueduct Foundation$15K
- Charitable Gift Funds Canada Foundation$10K
- Fung Loy Kok Institute of Taoism$10K
- Canadahelps Canadon$8,530
- Strategic Charitable Giving Foundation$3,635
- C And C Family Foundation$2,400
- United Way of Greater Toronto$2,237
- ST. Elizabeth Home Society$2,000
- Toronto Chinese Baptist Church$2,000
- Strategic Charitable Giving Foundation$1,164
- Raymond James Canada Foundation$200
- PayPal Giving Fund Canada$50
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $350,000 and over1 position
- $200,000–249,9993 positions
- $160,000–199,9996 positions
- Permanent full-time positions276
- Total compensation, all staff$44.9M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Tim Kwan (chairman); Garth Low (president); Doris Chan (first vice chair); Joyce Young (scond vice -chair); Amy Tam (vice president); Josephine Lee (vice president); David Cheng (vice president); Francis Tsui (vice president); Tak Wong (treasurer); Jeffrey Mah (corporate secretary); Dennis Au-Yeung (chair of honourary governors); Michael Wong (director); Ying Duong (director); Christopher Ho (director); Andy Lam (director); Simon NG (director); Joseph Tsnag (director); Ronald Tse (director); Raymond Lam (director); David Chan (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Mon Sheong Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119044618RR0001), or read how we compute the receipt.