Nicol Family Foundation
Private foundation · North York, Ontario · BN 838278786RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($659,366) as filed with the CRA.
Nicol Family Foundation is a private foundation based in North York, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $11.2M in revenue and $659K in expenditures.
Its funding that year was roughly 87% 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 23% 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 $40,000–79,999 range. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 27 qualified donees totalling $471K in 2024, the largest being $100K to Sinai Health Foundation. Revenue has grown substantially over its filings on record here, from $272K in 2020 to $11.2M in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Donations to qualified donees that have charitable objectives and activities that align with the philanthropic interests of the Nicol Family.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $11.2M | $659K | — | — | $471K | $21M |
| 2023 | $2.2M | $2.2M | — | — | $2M | $7.8M |
| 2022 | $272K | $868K | — | — | $719K | $7.3M |
| 2021 | $2.7M | $754K | — | — | $625K | $9.3M |
| 2020 | $272K | $778K | — | — | $644K | $6.2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $471K to 27 qualified donees — largest 25 shown:
- Sinai Health Foundation$100K
- Kincardine and Community Health CARE Foundation$100K
- The Ottawa Hospital Foundation/la Fondation de l'Hopital d'Ottawa$50K
- The Hospital for Sick Children Foundation$50K
- Royal Institution for the Advancement of Learning$30K
- The Princess Margaret Cancer Foundation$26K
- The Royal Conservatory of Music$17K
- Equine Canada$15K
- Toronto International Film Festival Inc.$13K
- Canadian Opera Company$13K
- The Toronto Symphony$10K
- Devxchange International Programs$6,600
- The Earth Rangers Foundation$5,500
- Indspire$5,000
- Council for Canadian American Relations (registered For(...)$5,000
- Children's Aid Foundation of Canada$5,000
- Biglake Arts$5,000
- Sunnybrook Health Sciences Centre Foundation$3,500
- Hennick Bridgepoint Foundation$2,500
- Centre for Addiction and Mental Health Foundation$2,500
- The London School of Economics (schedule VII Foreign Un(...)$1,829
- Save a Child's Heart Foundation$1,500
- Holland Bloorview Kids Rehabilitation Hospital Foundation$1,000
- Alzheimer Society Niagara Foundation$1,000
- The Governing Council of the University of Toronto$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9991 position
- Permanent full-time positions1
- Total compensation, all staff$98K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
James Nicol (director); Christine Milne (director); Martha Nicol (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Nicol Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 838278786RR0001), or read how we compute the receipt.