Richard Kert Foundation
Private foundation · Toronto, Ontario · BN 785141268RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($103,507) as filed with the CRA.
Richard Kert Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $162K in revenue and $104K in expenditures.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 24% of peers.
As a grantmaker, it reported gifts to 4 qualified donees totalling $72K in 2024, the largest being $18K to Fondation de l'Institut de Cardiologie de Montreal/montreal Heart Institute Foundation. Revenue has declined over its filings on record here, from $2M in 2021 to $162K in 2024. Its filed list of directors and trustees shows 1 name.
In its own words
The purpose of the foundation is to benefit the following charitable entities which are qualified donees under the income tax act canada and which operate or have presence in various regions of canada. The trustees shall keep invested the trust fund and remit in perpetuity all of the net annual income generated thereform in the following manner and proportions: 1) 25% to the montreal heart foundation-aka montreal heart institute foundation 2) 25% to the child psychiarty jewish general 3) 25% to the canadian cancer society 4) 25% to the arthritis society
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $162K | $104K | — | — | $72K | $1.9M |
| 2023 | $130K | $106K | — | — | $76K | $1.8M |
| 2022 | $143K | $142K | — | — | $112K | $1.7M |
| 2021 | $2M | $27K | — | — | — | $2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $72K to 4 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Scotiatrust (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Richard Kert Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 785141268RR0001), or read how we compute the receipt.