Proximity Institute
Charitable organization · Toronto, Ontario · BN 894848365RR0001 · Foundations · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($4,575,403) as filed with the CRA.
Proximity Institute is a charitable organization based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending March 31, 2024, it reported $6M in revenue and $4.6M in expenditures.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 21% of peers. Its highest-paid position fell in the $350,000 and over range. The charity reported 12 permanent full-time positions.
It reported gifts to 6 qualified donees totalling $15K in 2024, the largest being $10K to Evergreen. Revenue has grown substantially over its filings on record here, from $2.6M in 2020 to $6M in 2024. Its filed list of directors and trustees shows 9 names.
In its own words
Proximity Institute formerly known as The Change Foundation is an independent charitable organization that was created via an endowment from the Ontario Hospital Association (OHA). Through Proximity’s charitable purpose to promote support and improve health and the delivery of health care in Ontario Proximity is dedicated to enabling effective leadership at the most senior level in Ontario hospitals. Our long-term ambition is to work collaboratively with hospitals to identify develop and ready a quality pipeline of emerging CEO talent.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $6M | $4.6M | $3.2M | — | $15K | $71.5M |
| 2023 | $1.2M | $3.7M | $2.4M | — | $4,038 | $67.5M |
| 2022 | $4.2M | $3.3M | $1.9M | — | $2,944 | $70.2M |
| 2021 | $3.3M | $3.6M | $2.2M | $0 | $500 | $67.6M |
| 2020 | $2.6M | $5.5M | $4.9M | — | — | $59M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $15K to 6 qualified donees:
- Evergreen$10K
- Canada Helps CanaDon$3,600
- Second Harvest$1,000
- The Canadian Red Cross Society$525
- Ve'ahavta$187
- My Tribute Gift Online Memorial Donations$150
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $350,000 and over1 position
- $250,000–299,9991 position
- $200,000–249,9991 position
- $160,000–199,9991 position
- $120,000–159,9994 positions
- $80,000–119,9992 positions
- Permanent full-time positions12
- Total compensation, all staff$2.2M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Anthony Dale (director); Jeanette Despatie (vice chair); Jack Kitts (director); Michelle Podhy (treasurer); Mark Rizzo (director); Jessica Sherin (director); Anne Tobias (secretary and ceo); Gary Newton (chair); Sarah Downey (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Proximity Institute’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 894848365RR0001), or read how we compute the receipt.