The Finelli Foundation-Fausto and Pasqualina
Private foundation · Etobicoke, Ontario · BN 766401343RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($156,937) as filed with the CRA.
The Finelli Foundation-Fausto and Pasqualina is a private foundation based in Etobicoke, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $82K in revenue and $157K 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 56% of peers.
As a grantmaker, it reported gifts to 4 qualified donees totalling $150K in 2024, the largest being $100K to Trillium Health Partners Foundation. Its filed list of directors and trustees shows 3 names.
In its own words
Donating to canadian registered charities.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $82K | $157K | — | — | $150K | $2.6M |
| 2023 | $76K | $123K | — | — | $108K | $2.7M |
| 2022 | $2.9M | $114K | — | — | $105K | $2.8M |
| 2021 | — | — | — | — | — | — |
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$81,574
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 $150K to 4 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2023)
Pino Finelli (director); Fausto Finelli (director); Carolina Finelli (directors).
As listed on its 2023 return.
Check the source
Every figure on this page is from The Finelli Foundation-Fausto and Pasqualina’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 766401343RR0001), or read how we compute the receipt.