Sofina Foundation
Private foundation · Markham, Ontario · BN 840552434RR0001 · Foundations · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($700,289) as filed with the CRA.
Sofina Foundation is a private foundation based in Markham, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $770K in revenue and $700K in expenditures.
Its funding that year was roughly 86% from donations.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 13% of peers.
As a grantmaker, it reported gifts to 22 qualified donees totalling $393K in 2024, the largest being $141K to Make-A-Wish Foundation of Canada. Its filed list of directors and trustees shows 3 names.
In its own words
The foundation supports programs run by qualified donees in the areas of various children's causes.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $770K | $700K | $1,621 | $146K | $393K | $1.1M |
| 2023 | $880K | $1.4M | $4,841 | $150K | $1.1M | $1M |
| 2022 | $617K | $448K | $4,783 | $154K | $120K | $1.5M |
| 2021 | $642K | $615K | $8,468 | $139K | $293K | $1.3M |
| 2020 | $683K | $608K | — | $302K | $285K | $1.3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $393K to 22 qualified donees:
- Make-A-Wish Foundation of Canada$141K
- Tim Horton Children's Foundation Inc.$50K
- Starlight Children's Foundation Canada$30K
- Children's Aid Foundation of Canada$25K
- The Sunshine Foundation of Canada$24K
- Arthritis Society Canada$15K
- Children's Health Foundation$11K
- The WoodGreen Foundation$10K
- West Park Healthcare Centre Foundation$10K
- The Cedarbrook Society$10K
- Second Harvest Canada$10K
- Jim Pattison Children's Hospital Foundation Inc.$10K
- Scarborough Health Network Foundation$5,460
- Teresa Dellar Palliative Care Residence Foundation Inc.$5,000
- March of Dimes Canada$5,000
- The Canadian National Institute For The Blind$5,000
- Boost Child & Youth Advocacy Centre$5,000
- Toronto Children's CARE Inc.$5,000
- Nanny Angel Network Inc.$5,000
- Canadahelps Canadon$5,000
- William Osler Health System Foundation$4,000
- Food4Kids Ontario$2,500
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Michael Latifi (director); Michael Latifi (director); Nicholas Latifi (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Sofina Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 840552434RR0001), or read how we compute the receipt.