The Gary and Madoka Foundation
Private foundation · Toronto, Ontario · BN 704132679RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($142,908) as filed with the CRA.
The Gary and Madoka 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 $587K in revenue and $143K in expenditures.
Its funding that year was roughly 85% from other charities. In 2024, 1 other registered charity reported granting it a combined $500K.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 50% of peers.
As a grantmaker, it reported gifts to 2 qualified donees totalling $125K in 2024, the largest being $100K to Prosserman Jewish Community Centre. Revenue has grown substantially over its filings on record here, from $50K in 2021 to $587K in 2024. Its filed list of directors and trustees shows 2 names.
In its own words
Receipt and maintenance of a fund all or part of the principal and the income thereof for charitable purposes and gifts to qualified donees.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $587K | $143K | — | — | $125K | $2.4M |
| 2023 | $119K | $144K | — | — | $125K | $2M |
| 2022 | $2.1M | $151K | — | — | $140K | $2M |
| 2021 | $50K | $39K | — | — | $25K | $22K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $125K to 2 qualified donees:
Received $500K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Gary Prosserman (trustee); Madoka Prosserman (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Gary and Madoka Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 704132679RR0001), or read how we compute the receipt.