Small Change Fund
Charitable organization · Toronto, Ontario · BN 803355692RR0001 · Foundations · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($6,290,472) as filed with the CRA.
Small Change Fund is a charitable organization based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $6.5M in revenue and $6.3M in expenditures.
Its funding that year was roughly 23% from donations, 66% from other charities. In 2024, 73 other registered charities reported granting it a combined $4.8M.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 43% of peers. Its highest-paid positions fell in the $80,000–119,999 range (4 positions in that band). The charity reported 15 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $666K in 2020 to $6.5M in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
1. To receive and maintain a fund. 2. To support sustainable development for public benefit.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $6.5M | $6.3M | $4.6M | $115K | $648K | $543K |
| 2023 | $5.7M | $5.5M | $4.2M | $100K | $596K | $381K |
| 2022 | $2.7M | $2.7M | $1.9M | $39K | $278K | $123K |
| 2021 | $1.7M | $1.7M | $1.2M | $19K | $274K | $81K |
| 2020 | $666K | $660K | $546K | $20K | $43K | $5,713 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $4.8M from 73 charities:
- The Trottier Family Foundation/la Fondation Familiale Trottier$1.6M
- The Waltons Trust$250K
- Fondation Écho /echo Foundation$200K
- Fondation Écho /echo Foundation$200K
- The J W McConnell Family Foundation$163K
- Raffi Foundation for Child Honouring$150K
- Environment Funders Canada$150K
- Definity Insurance Foundation$150K
- Makeway Foundation$137K
- The George Cedric Metcalf Charitable Foundation$134K
- Clean Economy Fund$105K
- The Catherine Donnelly Foundation$105K
- The Michael Young Family Foundation$100K
- The Jarislowsky Foundation/la Fondation Jarislowsky$95K
- Fondation Écho /echo Foundation$75K
- True Patriot Love Foundation$70K
- Emerald Foundation$67K
- The Dragonfly Fund$55K
- The Atkinson Charitable Foundation$50K
- Definity Insurance Foundation$50K
- Fondation Écho /echo Foundation$50K
- Fondation Écho /echo Foundation$50K
- Fondation Écho /echo Foundation$50K
- Chamandy Foundation$50K
- Charitable Gift Funds Canada Foundation$45K
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9994 positions
- $40,000–79,9996 positions
- Permanent full-time positions15
- Total compensation, all staff$2.1M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2023)
Mary McGrath (chair of board); David Love (secretary); Joyce Chau (treasurer); Aisling Nolan (director).
As listed on its 2023 return.
Check the source
Every figure on this page is from Small Change Fund’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 803355692RR0001), or read how we compute the receipt.