Rakoczi Foundation
Charitable organization · Ontario, Ontario · BN 887159481RR0001 · Arts · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($296,030) as filed with the CRA.
Rakoczi Foundation is a charitable organization based in Ontario, Ontario, classified by the CRA under arts. In its fiscal year ending December 31, 2024, it reported $985K in revenue and $296K in expenditures.
Its funding that year was roughly 97% from donations. In 2024, 4 other registered charities reported granting it a combined $5,279.
Compared with 724 arts charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 40% of peers. Its fundraising cost per donated dollar was lower than 75% of that peer group. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
Revenue has grown substantially over its filings on record here, from $333K in 2020 to $985K in 2024. Its filed list of directors and trustees shows 11 names.
In its own words
Finance and organize an annual summer heritage camp in hungary (students without boundaries) for students from canada and east-central european countries to broaden horizons promote common heritage and build bridges among those nationalities. Award scholarships and grants to financially needy students in canada and abroad as well as other students studying hungarian language and culture in canada at the university of toronto. The foundation has also supported students who's lives have been upended by the war in ukraine with scholarshis bursaries and humanitarian aid.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $985K | $296K | $220K | $45K | — | $1.5M |
| 2023 | $338K | $320K | $251K | $48K | — | $832K |
| 2022 | $325K | $229K | $194K | $12K | — | $813K |
| 2021 | $444K | $168K | $159K | $3,471 | $2,000 | $722K |
| 2020 | $333K | $113K | $99K | $10K | — | $439K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $5,279 from 4 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Susan Papp-Aykler (president); Levente Diosady (1st vice-president); Peter Csermely (secretary); Ildiko Csermely (director); Tibor Lukacs (secretary general); Daniel Meder (director); Eva Tomory (director); Maria Kokai (director); Andrew Diosady (director); Peter Juretic (director); Jozef Rady-Pentek (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Rakoczi Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 887159481RR0001), or read how we compute the receipt.