The Cheng Family Foundation
Private foundation · Markham, Ontario · BN 711135541RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($820,642) as filed with the CRA.
The Cheng Family Foundation is a private foundation based in Markham, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $55K in revenue and $821K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
In 2024, 1 other registered charity reported granting it a combined $868K.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 71% of peers.
As a grantmaker, it reported gifts to 6 qualified donees totalling $762K in 2024, the largest being $335K to Sunnybrook Health Sciences Centre Foundation. Its filed list of directors and trustees shows 1 name.
In its own words
Make gifts disbursements to registered qualified donees and grants to non-qualified donees.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2023–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $55K | $821K | — | — | $813K | $102K |
| 2023 | $870K | — | — | — | — | $867K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $762K to 6 qualified donees:
Received $868K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
William Wai Lap Cheng (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Cheng Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 711135541RR0001), or read how we compute the receipt.