The BFMI Sesquicentennial Trust (2017)
Private foundation · Mississauga, Ontario · BN 787533116RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($59,118) as filed with the CRA.
The BFMI Sesquicentennial Trust (2017) is a private foundation based in Mississauga, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $220K in revenue and $59K in expenditures.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 72% 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 16 qualified donees totalling $55K in 2024, the largest being $25K to The Governing Council of the University of Toronto. Revenue has grown substantially over its filings on record here, from $54K in 2020 to $220K in 2024. Its filed list of directors and trustees shows 2 names.
In its own words
The trust is an unincorporated charitable trust commencing operations on january 1 2018. The purpose of the trust is to receive and maintain a fund or funds and to apply all or part of the principal and income to make scholarship grants and to donate to qualified donees. During the period january 1 2024 to december 31 2024 the trust donated to the qualified donees listed on attached form t1236.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $220K | $59K | — | — | $55K | $1.6M |
| 2023 | $137K | $52K | — | — | $48K | $1.5M |
| 2022 | $197K | $42K | — | — | $38K | $1.4M |
| 2021 | $587K | $29K | — | — | $25K | $1.2M |
| 2020 | $54K | $29K | — | — | $25K | $682K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $55K to 16 qualified donees:
- The Governing Council of the University of Toronto$25K
- Make-A-Wish Foundation of Canada$2,000
- The Canadian Red Cross Society$2,000
- Foodshare Toronto$2,000
- Operation Smile Canada Foundation$2,000
- Institute for Liberal Studies Inc.$2,000
- Finca Canada$2,000
- Scott Mission$2,000
- The Governing Council of the Salvation Army in Canada$2,000
- Canadian Constitution Foundation$2,000
- The Fraser Institute$2,000
- Alzheimer Society of Canada$2,000
- Heart and Stroke Foundation of Canada$2,000
- Canadian Cancer Society$2,000
- Perimeter Institute$2,000
- Children First Canada$2,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Richard Payne (trustee); Rosanna Payne (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from The BFMI Sesquicentennial Trust (2017)’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 787533116RR0001), or read how we compute the receipt.