Samit & Reshma Sharma Foundation
Private foundation · Kingston, Ontario · BN 758102610RR0001 · Support of Schools and Education · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($5,954,161) as filed with the CRA.
Samit & Reshma Sharma Foundation is a private foundation based in Kingston, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $4.9M in revenue and $6M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 100% from donations.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 94% of peers.
As a grantmaker, it reported gifts to 26 qualified donees totalling $6M in 2024, the largest being $300K to Simon Fraser University. Its filed list of directors and trustees shows 3 names.
In its own words
Established with the vision of 'advancing excellence in education'. Its mission is to 'seek recognize promote and celebrate exceptional scholars and distinguished programs at leading institutions in study skill development learning and research'. This is achieved through the provision of scholarships bursaries awards grants and prizes to encourage achievements in post-secondary education.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2023–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $4.9M | $6M | $99 | — | $6M | $241K |
| 2023 | $1.6M | $300K | $0 | $0 | $300K | $1.3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $6M to 26 qualified donees — largest 25 shown:
- Simon Fraser University$300K
- University of Manitoba$300K
- McGill University$300K
- University of Alberta$300K
- University of Ottawa$300K
- University of Western Ontario$300K
- University of Waterloo$300K
- University of Victoria$300K
- University of Toronto$300K
- University of Guelph$300K
- University of New Brunswick$300K
- Toronto Metropolitan Universit$300K
- Dalhousie University$300K
- Memorial University$300K
- University of Calgary$300K
- University of British Columbia$300K
- Saskatchewan Polytechnic$200K
- Red River College$200K
- University of McMaster$200K
- York University$200K
- University of Regina$200K
- St. Lawrence College$150K
- St. Lawrence College$1,000
- Grenfell High Community School$1,000
- Wolseley High School Principal$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Samit Sharma (director); Reshma Sharma (director); Raina Sharma (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Samit & Reshma Sharma Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 758102610RR0001), or read how we compute the receipt.