Petersen Turofsky Charitable Foundation
Private foundation · Toronto, Ontario · BN 778295089RR0001 · Foundations
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($79,904) as filed with the CRA.
Petersen Turofsky Charitable Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending June 30, 2024, it reported $1.5M in revenue and $80K in expenditures.
Its funding that year was roughly 66% from donations.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 29% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 6 qualified donees totalling $46K in 2024, the largest being $12K to Centre jeunesse LGBTQ - LGBTQ Youth Centre. Its filed list of directors and trustees shows 4 names.
In its own words
The foundation was established to make grants to registered charities.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.5M | $80K | — | — | $62K | $2.6M |
| 2023 | $207K | $58K | — | — | $40K | $1.2M |
| 2022 | -$94K | $52K | — | — | $38K | $1M |
| 2021 | $251K | $47K | — | — | $36K | $1.2M |
| 2020 | -$3,791 | $38K | — | — | $24K | $981K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, June 30, 2024
- Receipted donations$1,002,605
- Other income$407,027
- Investment income$68,349
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 $46K to 6 qualified donees:
- Centre jeunesse LGBTQ - LGBTQ Youth Centre$12K
- Step-By-Step Child and Family Center$10K
- Team Broken Earth$9,000
- The Nature Conservancy of Canada$9,000
- Canadian Society Promoting Environmental Conservation$3,000
- Arnold Audeson Spport Fund$3,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Charles Peterson (president); Riki Turofsky (vice-president); Charles Corbett Petersen (director); James Petersen (secretary).
As listed on its 2024 return.
Check the source
Every figure on this page is from Petersen Turofsky Charitable Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 778295089RR0001), or read how we compute the receipt.