Pine River Foundation
Public foundation · Nepean, Ontario · BN 834506057RR0001 · Foundations · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($1,450,182) as filed with the CRA.
Pine River Foundation is a public foundation based in Nepean, Ontario, classified by the CRA under foundations. In its fiscal year ending March 31, 2024, it reported $1.6M in revenue and $1.5M in expenditures.
Its funding that year was roughly 29% from donations, 54% from other charities. In 2024, 16 other registered charities reported granting it a combined $836K.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 7% of peers. Its fundraising cost per donated dollar was higher than 85% of that peer group. Its highest-paid position fell in the $120,000–159,999 range. The charity reported 3 permanent full-time positions.
As a grantmaker, it reported gifts to 1 qualified donee totalling $675K in 2024, the largest being $675K to Pine River Institute. Its filed list of directors and trustees shows 7 names.
In its own words
To maintain a fund or funds and apply all or part of the principal and income therefrom from time to time to charitable organizations that are also registered under the income tax act.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.6M | $1.5M | — | $359K | $675K | $12.6M |
| 2023 | $2.1M | $1.4M | — | $511K | $455K | $10.2M |
| 2022 | $3.3M | $1.4M | — | $347K | $700K | $9.5M |
| 2021 | $2.1M | $1.1M | $59K | $407K | $398K | $7.6M |
| 2020 | $1.8M | $1.1M | $77K | $435K | $413K | $6.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $675K to 1 qualified donee:
- Pine River Institute$675K
Received $836K from 16 charities:
- The Slaight Family Foundation$433K
- The Lang Family Foundation$188K
- Pine River Institute$78K
- Norris Family Foundation$50K
- The Bickle-Wilder Foundation$30K
- The Edith and Bernard Ennis Foundation$15K
- Fondation Écho /echo Foundation$12K
- Canadian Online Giving Foundation$9,742
- The Langar Foundation$9,000
- The Randy Starkman Charitable Foundation$5,000
- Canadahelps Canadon$1,951
- Rotary Club of Toronto Charitable Foundation$1,000
- Toronto Foundation$1,000
- Charitable Gift Funds Canada Foundation$1,000
- The Azrieli Foundation$1,000
- United Way of Greater Toronto$166
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $120,000–159,9991 position
- $1–39,9995 positions
- Permanent full-time positions3
- Total compensation, all staff$355K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Nancy Hamm (past chair); Guy Carr-Harris (chair); Clare Gaudet (director); Maria Milanetti (director); Janet Newlands (director); Cristina Burgess (director); Kevin McKenzie (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Pine River Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 834506057RR0001), or read how we compute the receipt.