Panicaro Foundation
Private foundation · Ottawa, Ontario · BN 891254799RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-11-30. Split of total expenditures ($492,033) as filed with the CRA.
Panicaro Foundation is a private foundation based in Ottawa, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending November 30, 2024, it reported $136K in revenue and $492K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 82% of peers.
As a grantmaker, it reported gifts to 10 qualified donees totalling $475K in 2024, the largest being $220K to Unhcr Canada. Revenue has grown substantially over its filings on record here, from $73K in 2020 to $136K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The foundation seeks to acquire by way of grant or gift monies to generate investment income. The principal and income generated are contributed to charitable organizations within and outside of canada.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $136K | $492K | — | — | $475K | $6M |
| 2023 | $417K | $208K | — | — | $202K | $6.4M |
| 2022 | -$1.9M | $254K | — | — | $240K | $6.2M |
| 2021 | $1.3M | $242K | — | — | $217K | $8.3M |
| 2020 | $73K | $313K | — | — | $244K | $7.3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $475K to 10 qualified donees:
- Unhcr Canada$220K
- Royal Institution for the Advancement of Learning$145K
- Ecojustice Canada Society$40K
- New World Philh Armonic Orchestra$36K
- The Samara Centre for Democracy Le Centre Samara pour la démocratie$10K
- Earthroots Fund$5,000
- REALNews Foundation$5,000
- Environmental Defence Canada$5,000
- Hot Docs$5,000
- Kiwanis Music Festival Association of Greater Toronto$4,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Robert Birks (president); Caroline Birks (treasurer); Patricia Birks (secretary).
As listed on its 2024 return.
Check the source
Every figure on this page is from Panicaro Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 891254799RR0001), or read how we compute the receipt.