The Carwell Charitable Foundation
Private foundation · King City, Ontario · BN 837815166RR0001 · Foundations
Source: T3010 return, FPE 2024-02-28. Split of total expenditures ($70,524) as filed with the CRA.
The Carwell Charitable Foundation is a private foundation based in King City, Ontario, classified by the CRA under foundations. In its fiscal year ending February 28, 2024, it reported $16K in revenue and $71K 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 48% of peers.
As a grantmaker, it reported gifts to 2 qualified donees totalling $55K in 2023, the largest being $40K to Mackenzie Health Foundation. Revenue has grown substantially over its filings on record here, from $7,579 in 2020 to $16K in 2024. Its filed list of directors and trustees shows 3 names.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $16K | $71K | — | — | $65K | $295K |
| 2023 | $7,409 | $60K | — | — | $55K | $350K |
| 2022 | $5,224 | $45K | — | — | $40K | $402K |
| 2021 | $7,683 | $45K | — | — | $40K | $443K |
| 2020 | $7,579 | $45K | — | — | $40K | $480K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, February 28, 2024
- Investment income$16,097
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, 2023
Granted $55K to 2 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Oriana Lazzaro (president); Steven Lazzaro (vice-president); Angelo Ricciuto (secretary).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Carwell Charitable Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 837815166RR0001), or read how we compute the receipt.