The 2% Solution Foundation
Private foundation · Montreal, Quebec · BN 764755138RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($6,815) as filed with the CRA.
The 2% Solution Foundation is a private foundation based in Montreal, Quebec, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $813K in revenue and $6,815 in expenditures.
Its funding that year was roughly 100% 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 18% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 2 qualified donees totalling $4,315 in 2024, the largest being $2,815 to La fondation de l'hôpital de montréal pour enfants/The Montréal Children's Hospital Foundation. Revenue has declined over its filings on record here, from $3.7M in 2020 to $813K in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
To receive funds or contributions for the purpose of assisting establishing or maintaining charitable organizations whose activities are exclusively for charitable purposes.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $813K | $6,815 | — | — | $4,315 | $13.6M |
| 2023 | $104K | $130K | — | — | $96K | $12.8M |
| 2022 | $1.8M | $451K | — | — | $438K | $12.8M |
| 2021 | $7.8M | $27K | — | — | $8,000 | $11.4M |
| 2020 | $3.7M | $18K | — | — | — | $3.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Receipted donations$813,000
- Other gifts$251
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 $4,315 to 2 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Photis Peter Pascali (president and secretary); Stephano Vittorio Pascali (director); Alexander Photis Pascali (director); Luca Peter Pascali (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The 2% Solution Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 764755138RR0001), or read how we compute the receipt.