The Frank Hay Memorial Foundation
Private foundation · Toronto, Ontario · BN 140412743RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($398,490) as filed with the CRA.
The Frank Hay Memorial Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $232K in revenue and $398K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 47% of peers.
As a grantmaker, it reported gifts to 3 qualified donees totalling $341K in 2024, the largest being $114K to The Governing Council of the Salvation Army in Canada. Its filed list of directors and trustees shows 1 name.
In its own words
To provide financial assistance to salvation army the united church of canada and the hospital for sick children toronto
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $232K | $398K | — | — | $341K | $7.8M |
| 2023 | $327K | $416K | — | — | $360K | $7.2M |
| 2022 | $442K | $325K | — | — | $268K | $7M |
| 2021 | $477K | $305K | — | — | $252K | $8M |
| 2020 | $276K | $295K | — | — | $238K | $7.3M |
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$169,715
- Other income$4,551
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 $341K to 3 qualified donees:
- The Governing Council of the Salvation Army in Canada$114K
- The Hospital for Sick Children$114K
- The United Church of Canada$114K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Bank of Nova Scotia Trust Co. (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Frank Hay Memorial Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 140412743RR0001), or read how we compute the receipt.