Shar Foundation
Private foundation · King City, Ontario · BN 729604405RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($764,675) as filed with the CRA.
Shar Foundation is a private foundation based in King City, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $749K in revenue and $765K 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 63% of peers.
As a grantmaker, it reported gifts to 2 qualified donees totalling $713K in 2024, the largest being $603K to First Principles Foundation. Revenue has declined over its filings on record here, from $4.8M in 2022 to $749K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Donate funds to various charitable organizations
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2022–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $749K | $765K | — | — | $713K | $4.8M |
| 2023 | $292K | $251K | — | — | $200K | $4.8M |
| 2022 | $4.8M | $8,033 | — | — | — | $4.8M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $713K to 2 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Ildar Sharafutdinov (president); Irina Fazetdinova (director); Paul Gibney (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Shar Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 729604405RR0001), or read how we compute the receipt.