Olive Tree Foundation
Public foundation · Markham, Ontario · BN 857334700RR0001 · Foundations · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($22,744) as filed with the CRA.
Olive Tree Foundation is a public foundation based in Markham, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $47K in revenue and $23K in expenditures.
Its funding that year was roughly 67% from donations. In 2024, 3 other registered charities reported granting it a combined $8,798.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 39% of peers.
As a grantmaker, it reported gifts to 3 qualified donees totalling $18K in 2024, the largest being $8,000 to National Zakat Foundation. Its filed list of directors and trustees shows 5 names.
In its own words
Receive and review Grant proposals from Registered Charities Award Grants and monitor Grant Recipients Award Bursaries and Scholarships Fund Raising campaigns Dinners/Luncheons Ongoing Internet Telephone and Mail campaigns Information/Awareness sessions for potential donors on Bequests Wills and Estate Plans
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $47K | $23K | $1,500 | $2,208 | $18K | $338K |
| 2023 | $31K | $25K | $25K | — | $23K | $314K |
| 2022 | $31K | $15K | $2,000 | — | $11K | $308K |
| 2021 | $136K | $119K | $118K | — | $116K | $288K |
| 2020 | $50K | $36K | — | — | $32K | $275K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Public foundation — endowment and payout, December 31, 2024
- Receipted donations$31,042
- Investment income$15,495
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2024
Granted $18K to 3 qualified donees:
Received $8,798 from 3 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Muneeb Nasir (chair); Naeem Siddiqi (vice chair); Muhammed Ali (treasurer); Usman Hameed (secretary); Umar Nasir (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Olive Tree Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 857334700RR0001), or read how we compute the receipt.