The Foundation of Light
Publicly funded institution · Richmond Hill, Ontario · BN 840964498RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($407,832) as filed with the CRA.
The Foundation of Light is a private foundation based in Richmond Hill, Ontario, classified by the CRA under teaching institutions. 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 June 30, 2024, it reported $882K in revenue and $408K in expenditures.
Its funding that year was roughly 67% from donations. In 2024, 4 other registered charities reported granting it a combined $16K.
Compared with 1,540 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 84% 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 3 qualified donees totalling $4,364 in 2024, the largest being $2,000 to Islamic Humanitarian Service. Revenue has grown substantially over its filings on record here, from $308K in 2020 to $882K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
It did humanitarian aid work in tanzania & kenya and made gifts 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 | $882K | $408K | $393K | — | $4,864 | $8.6M |
| 2023 | $3.1M | $443K | $260K | — | $176K | $8.1M |
| 2022 | $2.7M | $627K | $479K | — | $134K | $5.5M |
| 2021 | $4.1M | $599K | $551K | — | $40K | $3.4M |
| 2020 | $308K | $345K | $331K | — | $4,850 | -$2,920 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $4,364 to 3 qualified donees:
Received $16K from 4 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Taki Remtulla (director); Naaznin Remtulla (director); Husayn Remtulla (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Foundation of Light’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 840964498RR0001), or read how we compute the receipt.