The Bitove Foundation
Private foundation · Toronto, Ontario · BN 119216158RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-11-30. Split of total expenditures ($438,211) as filed with the CRA.
The Bitove Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending November 30, 2024, it reported $280K in revenue and $438K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 127% from donations. In 2024, 1 other registered charity reported granting it a combined $1,708.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 93% of peers.
As a grantmaker, it reported gifts to 11 qualified donees totalling $438K in 2024, the largest being $145K to Canadian Macedonian Place Foundation. Its filed list of directors and trustees shows 3 names.
In its own words
Donations to other canadian registered charities
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $280K | $438K | — | — | $438K | $320K |
| 2023 | $143K | $265K | — | — | $265K | $478K |
| 2022 | $275K | $168K | — | — | $168K | $601K |
| 2021 | $231K | $311K | — | — | $311K | $493K |
| 2020 | -$24K | $157K | — | — | $157K | $573K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $438K to 11 qualified donees:
- Canadian Macedonian Place Foundation$145K
- The Hospital for Sick Children Foundation$100K
- Sinai Health Foundation$60K
- The Canadian Soccer Association Incorporated$50K
- Macedonia 2025 Charitable Foundation$23K
- Proaction Cops & Kids$15K
- Canadahelps Canadon$10K
- Meaford Hospital Foundation$10K
- The Canadian Red Cross Society$10K
- Charities Aid Foundation Canada$10K
- Jewish National Fund of Canada$5,000
Received $1,708 from 1 charity:
- Canadahelps Canadon$1,708
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Nicholas Bitove (president); Vonna Bitove (vice-president); Frank Penny (secretary).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Bitove Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119216158RR0001), or read how we compute the receipt.