Somar Family Foundation
Private foundation · Calgary, Alberta · BN 821098878RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($47,902) as filed with the CRA.
Somar Family Foundation is a private foundation based in Calgary, Alberta, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $20K in revenue and $48K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 55% of peers.
As a grantmaker, it reported gifts to 6 qualified donees totalling $46K in 2024, the largest being $26K to Hadassah-Wizo Organization Of Canada. Its filed list of directors and trustees shows 4 names.
In its own words
The foundation was established in order to create a systematic efficient and enduring organization for the allocation of charitable funds.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $20K | $48K | — | — | $46K | $506K |
| 2023 | -$149K | $40K | — | — | $40K | $534K |
| 2022 | -$91K | $99K | — | — | $96K | $725K |
| 2021 | $164K | $68K | — | — | $64K | $915K |
| 2020 | $15K | $69K | — | — | $66K | $819K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$17,573
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2024
Granted $46K to 6 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Larry Martin (director); Sandra Martin (director); Brent Martin (director); Tedi Martin (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Somar Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 821098878RR0001), or read how we compute the receipt.