The Cole Family Foundation
Private foundation · Toronto, Ontario · BN 760035667RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($146,093) as filed with the CRA.
The Cole 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 $272K in revenue and $146K in expenditures.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 69% of peers.
As a grantmaker, it reported gifts to 4 qualified donees totalling $140K in 2024, the largest being $65K to United Jewish Appeal of Greater Toronto. Revenue has declined over its filings on record here, from $1.6M in 2021 to $272K in 2024. Its filed list of directors and trustees shows 2 names.
In its own words
The receipt and maintenance of a fund or funds and application of all or part of the principal and income therefrom from time to time for exclusively charitable purposes by making donations to charitable organizations that are also registered charities under the income tax act (canada)
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $272K | $146K | — | — | $140K | $3.8M |
| 2023 | $1.2M | $61K | — | — | $55K | $4.2M |
| 2022 | $487K | $36K | — | — | $32K | $2M |
| 2021 | $1.6M | $19K | — | — | $15K | $1.6M |
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$256,531
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 $140K to 4 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Jeffrey Cole (trustee); Dianne Cole (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Cole Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 760035667RR0001), or read how we compute the receipt.