P. and L. Odette Charitable Foundation
Private foundation · Toronto, Ontario · BN 119076123RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($839,155) as filed with the CRA.
P. and L. Odette Charitable Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $43K in revenue and $839K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 71% of peers.
As a grantmaker, it reported gifts to 8 qualified donees totalling $825K in 2024, the largest being $200K to The Good Neighbours' Club. Revenue has declined over its filings on record here, from $292K in 2020 to $43K in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
Distributing income earned on the foundation's capital to various registered charities. Supporting developing artists and gifts of wheel chairs to the needy. Cancer research fundraising
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $43K | $839K | $6,291 | — | $825K | $1.1M |
| 2023 | $101K | $1.9M | $6,890 | — | $1.9M | $1.9M |
| 2022 | $69K | $3.4M | $166K | — | $3.2M | $3.7M |
| 2021 | $20K | $2.8M | $162K | — | $2.7M | $7M |
| 2020 | $292K | $6.4M | $144K | — | $6.3M | $9.8M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$43,093
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 $825K to 8 qualified donees:
- The Good Neighbours' Club$200K
- The Princess Margaret Cancer Foundation$150K
- Growing Neighbourhoods Foundation$150K
- Toronto Metropolitan University$100K
- Homeless Connect Toronto$100K
- Shelter Movers$100K
- Hockey Helps the Homeless/hockey Aide les Sans-Abri$20K
- Sunnybrook Health Sciences Centre Foundation$5,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Marc Odette (director & secretary); Louis L III Odette (director & president); Paul Odette (director & treasurer); Francine Odette (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from P. and L. Odette Charitable Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119076123RR0001), or read how we compute the receipt.