Rerum Novarum Foundation
Public foundation · Toronto, Ontario · BN 866840929RR0001 · Foundations Advancing Religion
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($979,313) as filed with the CRA.
Rerum Novarum Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under foundations advancing religion. In its fiscal year ending December 31, 2024, it reported $2.3M in revenue and $979K in expenditures.
Compared with 2,238 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 61% 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 1 qualified donee totalling $900K in 2024, the largest being $900K to The Sisters of Social Service. Its filed list of directors and trustees shows 5 names.
In its own words
The foundation maintained funds for the benefit of the society of the sisters of social services.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.3M | $979K | — | — | $900K | $21.1M |
| 2023 | $1.7M | $977K | — | — | $900K | $19.8M |
| 2022 | -$1.6M | $798K | — | — | $720K | $19.1M |
| 2021 | $2.2M | $738K | — | — | $667K | $21.5M |
| 2020 | $1.6M | $770K | — | — | $704K | $19.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $900K to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Jeanine Scarfone (president); Elaine Arsenault (director); Joan Breech (treasurer); John Meehan (director); Mary Ann Leon (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Rerum Novarum Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 866840929RR0001), or read how we compute the receipt.