Ronald Kimel Foundation Trust
Private foundation · Toronto, Ontario · BN 847328796RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,601,774) as filed with the CRA.
Ronald Kimel Foundation Trust is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $1.4M in revenue and $1.6M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 99% from donations.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 86% of peers.
As a grantmaker, it reported gifts to 6 qualified donees totalling $1.6M in 2024, the largest being $700K to The Shtiebel. Revenue has declined over its filings on record here, from $3M in 2020 to $1.4M in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Making grants to registered charities and qualified donees
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.4M | $1.6M | — | — | $1.6M | $35.1M |
| 2023 | $1.5M | $2.9M | — | — | $2.9M | $35.2M |
| 2022 | $1.2M | $918K | — | — | $918K | $36.6M |
| 2021 | $6.2M | $1.6M | — | — | $1.6M | $36.3M |
| 2020 | $3M | $1M | — | — | $1M | $31.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1.6M to 6 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Herman Grad (trustee); Earl Miller (trustee); Riccardo Morante (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Ronald Kimel Foundation Trust’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 847328796RR0001), or read how we compute the receipt.