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.
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.