Northmount Foundation Inc.
Publicly funded institution · London, Ontario · BN 890360480RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2022-12-31. Split of total expenditures ($3,123,362) as filed with the CRA.
Northmount Foundation Inc. is a charitable organization based in London, Ontario, classified by the CRA under teaching institutions. 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, 2022, it reported $35K in revenue and $3.1M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 839 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 70% of peers.
It reported gifts to 16 qualified donees totalling $3M in 2022, the largest being $1M to Wellspring Cultural Foundation. Revenue has declined over its filings on record here, from $7M in 2020 to $35K in 2022. Its filed list of directors and trustees shows 4 names.
The ledger, 2020–2022
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2022 | $35K | $3.1M | $76K | — | $3M | $307K |
| 2021 | $18K | $1.1M | $50K | — | $997K | $3.4M |
| 2020 | $7M | $2.7M | $65K | — | $2.5M | $4.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2022
Granted $3M to 16 qualified donees:
- Wellspring Cultural Foundation$1M
- Wayside Academy Incorporated$500K
- Our Lady of the Pillar Academy$500K
- Northmount School for Boys$353K
- Riverview Study Centre$150K
- Mary Mother of God School$79K
- Wayside Academy Incorporated$50K
- Hawthorn School for Girls$50K
- Canadian Physicians for Life/ Medecins du Canada pour le Respect de la Vie$50K
- Family Foundations Institute$50K
- Centre universitaire Fonteneige$40K
- Prom-Edu-Val Society$35K
- Ernescliff Foundation$35K
- CESAM - Centre D'Enrichissement Sportif et Académique de Montréal$33K
- Toronto Youth Development$30K
- Immaculate Conception Parish$3,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2022)
Trevor Pereira (director); Brian Smith (treasurer); Victoria Bacardi (director); Pedro Bacardi (director).
As listed on its 2022 return.
Check the source
Every figure on this page is from Northmount Foundation Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 890360480RR0001), or read how we compute the receipt.