The David and Stacey Cynamon Family Foundation
Private foundation · Toronto, Ontario · BN 860217959RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($2,223,745) as filed with the CRA.
The David and Stacey Cynamon 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 $139K in revenue and $2.2M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 90% of peers.
As a grantmaker, it reported gifts to 22 qualified donees totalling $2.2M in 2024, the largest being $494K to Sinai Health Foundation. Revenue has grown substantially over its filings on record here, from $478 in 2020 to $139K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The primary purpose of the foundation is the receipt and maintenance of a fund the application of all or part thereof and the income therefrom to registered charities and qualified donees.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $139K | $2.2M | $50K | — | $2.2M | $1.9M |
| 2023 | $4M | $72 | — | — | — | $4M |
| 2022 | $7,142 | $100K | — | — | $100K | $2,054 |
| 2021 | $90 | $33K | — | — | $33K | $95K |
| 2020 | $478 | $52K | $2,500 | — | $50K | $128K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $2.2M to 22 qualified donees:
- Sinai Health Foundation$494K
- United Jewish Appeal of Greater Toronto$450K
- Beth Sholom Synagogue$300K
- Sinai Health Foundation$287K
- United Jewish Appeal of Greater Toronto$180K
- Maccabi Canada$100K
- Tennis Canada$75K
- Maccabi Canada$50K
- Canadian Associates of the Ben Gurion University of the Negev Inc.$36K
- Birthright Israel Foundation of Canada$30K
- United Jewish Appeal of Greater Toronto$25K
- United Jewish Appeal of Greater Toronto$25K
- United Jewish Appeal of Greater Toronto$25K
- Friends of Simon Wiesenthal Center for Holocaust Studies$25K
- CSRG Canadian Security Research Group$25K
- Beth Sholom Synagogue$10K
- Beth Sholom Synagogue$10K
- Canadian Shaare Zedek Hospital Foundation/fondation Canadienne de l'Hopital Shaare Zedek$6,000
- Sinai Health Foundation$5,000
- Israel Museums and Arts Canada$5,000
- Canada-Israel Children's Centres$5,000
- The Baycrest Centre Foundation$5,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Howard Brodie (trustee); David Cynamon (trustee); Stacey Cynamon (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from The David and Stacey Cynamon Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 860217959RR0001), or read how we compute the receipt.