T-Gear Foundation
Private foundation · Ottawa, Ontario · BN 801763566RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,082,984) as filed with the CRA.
T-Gear Foundation is a private foundation based in Ottawa, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $845K in revenue and $1.1M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 66% of peers.
As a grantmaker, it reported gifts to 16 qualified donees totalling $1M in 2024, the largest being $135K to Greater Vancouver Food Bank Society. Revenue has declined over its filings on record here, from $1.9M in 2020 to $845K in 2024. Its filed list of directors and trustees shows 1 name.
In its own words
To apply income and capital exclusively for charitable purposes - to raise funds that will benefit charitable organizations that further the education of religion - to raise funds that will benefit charitable organizations in works related to the environment
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $845K | $1.1M | — | — | $1M | $26.3M |
| 2023 | $902K | $1.1M | — | — | $1.1M | $26.5M |
| 2022 | $991K | $1.3M | — | — | $1.2M | $26.7M |
| 2021 | $2.5M | $527K | — | — | $477K | $27.1M |
| 2020 | $1.9M | $1.6M | — | — | $1.6M | $25M |
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$1,071,521
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 $1M to 16 qualified donees:
- Greater Vancouver Food Bank Society$135K
- The Downtown Eastside Women's Centre Association$120K
- Union Gospel Mission$100K
- The Dena Kayeh Institute$100K
- Pembina Institute for Appropriate Development$70K
- CANADIAN PARKS AND WILDERNESS SOCIETY/La Société pour la nature et les parcs du Canada$65K
- Indspire$60K
- CANADIAN PARKS AND WILDERNESS SOCIETY/La Société pour la nature et les parcs du Canada$50K
- Parkdale Food Centre$50K
- Ottawa Riverkeeper Inc.$50K
- The Earth Rangers Foundation$50K
- Canadian Parks and Wilderness Society$50K
- Birken Forest Buddhist Monastery$40K
- The Ottawa Mission$30K
- Island Nature Trust$30K
- The Nature Conservancy of Canada$25K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Michael Lookman (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from T-Gear Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 801763566RR0001), or read how we compute the receipt.