The Five Now Foundation For Medical Advancements
Public foundation · Brampton, Ontario · BN 763059516RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($488) as filed with the CRA.
The Five Now Foundation For Medical Advancements is a public foundation based in Brampton, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $1,132 in revenue and $488 in expenditures.
Its funding that year was roughly 88% from donations.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 2% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 1 qualified donee totalling $5,590 in 2024, the largest being $5,590 to ST Michael's Hospital. Its filed list of directors and trustees shows 3 names.
In its own words
Supporting initiatives related to advancing medical research and innovations to prevent and treat diseases as well as improve health and quality of life. Gifting funds to qualified donees
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1,132 | $488 | $12 | — | — | $208K |
| 2023 | $1,647 | $7,063 | $554 | — | $1,500 | $209K |
| 2022 | $200K | $1,076 | $12 | $18 | $438 | $219K |
| 2021 | $25K | $446 | — | — | — | $18K |
| 2020 | — | $284 | — | — | — | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $5,590 to 1 qualified donee:
- ST Michael's Hospital$5,590
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Prosenjit Lahiry (chair - treasurer); Marc Spector (vice-chair); Jasmeet Kala (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Five Now Foundation For Medical Advancements’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 763059516RR0001), or read how we compute the receipt.