Smith-Homestead Foundation
Private foundation · Kingston, Ontario · BN 782085344RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($6,966,885) as filed with the CRA.
Smith-Homestead Foundation is a private foundation based in Kingston, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $11M in revenue and $7M in expenditures.
Its funding that year was roughly 59% from donations.
Compared with 380 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 92% of peers.
As a grantmaker, it reported gifts to 10 qualified donees totalling $6.9M in 2024, the largest being $2M to University Hospitals Kingston Foundation. Its filed list of directors and trustees shows 6 names.
In its own words
1. Soliclt accept receive acqulre by purchase lease agreement grant donation legacy gift bequest or otherwise any kind of real or personal property and to enter into and carry out agreements undertaking and conditions in connection therewith. 2. To acquire hold purchase convert lease mortgage sell or dispose of any asset owned by the corporation and to invest and reinvest any principal in such manner as may from time to time to be determined. 3. To disburse and distribute moneu and property in futherance of objects of the corporation 4. To cooperate with other charitabl…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $11M | $7M | — | — | $6.9M | $17.6M |
| 2023 | $1.7M | $4M | — | — | $4M | $13.5M |
| 2022 | $17.4M | $1.5M | — | — | $1.5M | $15.9M |
| 2021 | — | — | — | — | — | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $6.9M to 10 qualified donees:
- University Hospitals Kingston Foundation$2M
- University Hospitals Kingston Foundation$2M
- The Ottawa Hospital Foundation/la Fondation de l'Hopital d'Ottawa$1.3M
- The Canadian National Institute For The Blind$500K
- Boys and Girls Club of Kingston & Area Inc.$500K
- Canadian Cancer Society$250K
- Homes For Heroes Foundation$250K
- Nanny Angel Network Inc.$100K
- Breast Cancer Action Kingston$25K
- Kingston Writersfest$10K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Sadaf Ghoreshy (director); Richard McNevin (director); Kathryn Mellon (secretary and treasurer); Alexander Smith (director); Holly Smith (president and chair); Kate Bayne (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Smith-Homestead Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 782085344RR0001), or read how we compute the receipt.