Raymond Chang Foundation
Private foundation · Toronto, Ontario · BN 862745684RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($1,458,247) as filed with the CRA.
Raymond Chang Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending March 31, 2024, it reported $3.9M in revenue and $1.5M in expenditures.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 80% 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 4 qualified donees totalling $1.4M in 2024, the largest being $650K to UHN Foundation. Its filed list of directors and trustees shows 2 names.
In its own words
1. We assisted the poor to further their health and education; 2. To advance education and research in the field of natural habitats including environment wildlife and the conservation and preservation thereof. 3. To advance initiatives and research in the field of healthcare.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $3.9M | $1.5M | — | — | $1.4M | $29.6M |
| 2023 | -$1.6M | $952K | — | — | $910K | $27.1M |
| 2022 | $3.5M | $1.3M | — | — | $1.3M | $30.2M |
| 2021 | $8.8M | $1.1M | — | — | $1M | $28M |
| 2020 | -$2.8M | $2.2M | — | — | $2.1M | $20.3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, March 31, 2024
- Other income$2,435,128
- Investment income$1,342,670
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 $1.4M to 4 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Andrew Chang (director); Brigette Chang (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Raymond Chang Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 862745684RR0001), or read how we compute the receipt.