The Don And Nita Reed Family Foundation
Private foundation · Toronto, Ontario · BN 721547891RR0001 · Foundations
Source: T3010 return, FPE 2024-01-01. Split of total expenditures ($622,756) as filed with the CRA.
The Don And Nita Reed Family Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending January 1, 2024, it reported $974K in revenue and $623K 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 60% of peers.
As a grantmaker, it reported gifts to 14 qualified donees totalling $576K in 2024, the largest being $202K to The Royal Ontario Museum Foundation. Its filed list of directors and trustees shows 4 names.
In its own words
Provide funding to the following under the income tax act (canada): 1) qualified donees 2) registered charities and 3) prescribed universities outside canada which are registered with the ministry of national revenue which ordinarily includes students from canada
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $974K | $623K | — | — | $576K | $6.8M |
| 2023 | -$1.1M | $594K | — | — | $535K | $6.4M |
| 2022 | $1.4M | $1M | $975K | — | $975K | $8.1M |
| 2021 | $712K | $1.3M | $1.2M | — | $1.2M | $7.7M |
| 2020 | $719K | $1.1M | $1.1M | — | $1.1M | $8.3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $576K to 14 qualified donees:
- The Royal Ontario Museum Foundation$202K
- The Princess Margaret Cancer Foundation$120K
- UHN Foundation$100K
- ST. Michael's and Providence Foundation$100K
- Sinai Health Foundation$25K
- Fighting Blindness Canada$6,000
- Fairlawn Avenue United Church$6,000
- The Canadian National Institute For The Blind$5,000
- Arthritis Society Canada$5,000
- Princeton University$2,699
- Wellspring Cancer Support Foundation/fondation Wellspring pour les Personnes Atteintes de Cancer$1,000
- Upper Canada College$1,000
- Hockey Hall of Fame and Museum$1,000
- Cystic Fibrosis Canada / Fibrose Kystique Canada$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Donald Reed (director); Nita Reed (director); Stephen Reed (director); Michael Reed (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Don And Nita Reed Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 721547891RR0001), or read how we compute the receipt.