The Canavan Family Foundation
Private foundation · Toronto, Ontario · BN 867257008RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($142,347) as filed with the CRA.
The Canavan Family Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $66K in revenue and $142K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 59% of peers.
As a grantmaker, it reported gifts to 19 qualified donees totalling $138K in 2024, the largest being $50K to Children's Aid Foundation of Canada. Revenue has grown substantially over its filings on record here, from $40K in 2020 to $66K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
During the year various charitable initiatives were considered and several doantions were made.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $66K | $142K | — | — | $138K | $615K |
| 2023 | $16K | $719K | — | — | $73K | $692K |
| 2022 | $109K | $69K | — | — | $65K | $753K |
| 2021 | $73K | $30K | — | — | $24K | $712K |
| 2020 | $40K | $96K | — | — | $93K | $669K |
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$7,693
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 $138K to 19 qualified donees:
- Children's Aid Foundation of Canada$50K
- Canada's Walk of Fame$25K
- Toronto Festival of Arts Culture and Creativity$20K
- Rpdy Foundation$10K
- The Fraser Institute$10K
- Writers' Trust of Canada/societe d'Encouragement aux Ecrivains du Canada$7,500
- True Patriot Love Foundation$5,000
- Grapes for Humanity$5,000
- Jays CARE Foundation$5,000
- Toronto Downtown Jazz Society—
- The National Ballet of Canada—
- Big Brothers Big Sisters of Toronto—
- The ClearWater Futures Foundation—
- Next Canada—
- Boost Child & Youth Advocacy Centre—
- The Ottawa Hospital Foundation/la Fondation de l'Hopital d'Ottawa—
- ST. George's College Foundation—
- Partners in Art—
- Amici Camping Charity—
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Joseph Canavan (director); Laurissa Canavan (director); Bryan Grenier (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Canavan Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 867257008RR0001), or read how we compute the receipt.