The FOLD Foundation
Publicly funded institution · Brampton, Ontario · BN 826771792RR0001 · Arts
Source: T3010 return, FPE 2024-07-31. Split of total expenditures ($544,388) as filed with the CRA.
The FOLD Foundation is a charitable organization based in Brampton, Ontario, classified by the CRA under arts. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending July 31, 2024, it reported $524K in revenue and $544K in expenditures.
Its funding that year was roughly 59% from government. Government funding is the majority of its budget. In 2024, 2 other registered charities reported granting it a combined $15K.
Its highest-paid positions fell in the $40,000–79,999 range (2 positions in that band). The charity reported 2 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $342K in 2020 to $524K in 2024. Its filed list of directors and trustees shows 8 names.
In its own words
The Festival of Literary Diversity - a four-day May literary festival in Brampton ON. Writers at The Rose -- a quarterly reading series that brings acclaimed authors to Brampton for intimate conversations at The Rose Theatre. FOLD Kids Book Fest- virtual and in person event held for 2 days at Brampton Civic Centre in Brampton Canada where guests can chat with authors engage with exhibitors and participate in popular activities like our virtual scavenger hunt
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $524K | $544K | — | $25K | — | $146K |
| 2023 | $526K | $494K | $466K | — | — | $229K |
| 2022 | $472K | $491K | $474K | — | — | $197K |
| 2021 | $502K | $433K | $430K | — | — | $216K |
| 2020 | $342K | $233K | $232K | — | — | $147K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $15K from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9992 positions
- Permanent full-time positions2
- Total compensation, all staff$120K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Teri Vlassopoulos (treasurer); Ashish Seth (secretary); Cynthia Innes (human resources director); Karen Richardson Mason (children program director); Mark Richardson (board governance director); Felicia Quon (special prizes); Lavanya Narasimhan; Monica Tang.
As listed on its 2024 return.
Check the source
Every figure on this page is from The FOLD Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 826771792RR0001), or read how we compute the receipt.