The Carol and Morton Rapp Foundation
Private foundation · Toronto, Ontario · BN 119109288RR0001 · Foundations
Source: T3010 return, FPE 2024-11-30. Split of total expenditures ($677,225) as filed with the CRA.
The Carol and Morton Rapp Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending November 30, 2024, it reported $1.1M in revenue and $677K in expenditures.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 84% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $600K in 2024, the largest being $600K to Art Gallery of Ontario. Revenue has grown substantially over its filings on record here, from $631K in 2020 to $1.1M in 2024. Its filed list of directors and trustees shows 1 name.
In its own words
Distribute funds received or earned to various qualified charitable organizations in canada
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $677K | — | — | $668K | $5.3M |
| 2023 | $806K | $777K | — | — | $777K | $4.8M |
| 2022 | $57K | $622K | — | — | $166K | $4.8M |
| 2021 | $926K | $152K | — | — | $151K | $5.3M |
| 2020 | $631K | $323K | — | — | $322K | $4.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, November 30, 2024
- Other income$806,376
- Investment income$157,810
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
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Smith Jay (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Carol and Morton Rapp Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119109288RR0001), or read how we compute the receipt.