The Gerald Schwartz & Heather Reisman Foundation
Private foundation · Toronto, Ontario · BN 138445580RR0001 · Foundations
Source: T3010 return, FPE 2024-11-30. Split of total expenditures ($17,758,928) as filed with the CRA.
The Gerald Schwartz & Heather Reisman Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending November 30, 2024, it reported $30.5M in revenue and $17.8M in expenditures.
Its funding that year was roughly 62% from donations. In 2024, 2 other registered charities reported granting it a combined $57.
Compared with 380 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 81% of peers. Its highest-paid position fell in the $120,000–159,999 range. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 35 qualified donees totalling $17.4M in 2024, the largest being $4.6M to Heseg Foundation. Revenue has declined over its filings on record here, from $74.2M in 2020 to $30.5M in 2024. Its filed list of directors and trustees shows 13 names.
In its own words
1) assess various qualified donees as to their activities and financial requirements and donate funds to those selected (see 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 | $30.5M | $17.8M | — | — | $17.4M | $359M |
| 2023 | $86M | $30.2M | — | — | $29.9M | $311.9M |
| 2022 | $21.7M | $30.4M | $726K | — | $29.5M | $229.5M |
| 2021 | $62.9M | $27.8M | $1.5M | — | $26.1M | $265.7M |
| 2020 | $74.2M | $37M | $3.1M | — | $33.7M | $218.5M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $17.4M to 35 qualified donees — largest 25 shown:
- Heseg Foundation$4.6M
- The Canadian Society for the Weizmann Institute of Science$4.3M
- United Jewish Appeal of Greater Toronto$1.9M
- The Governors of ST. Francis Xavier University$1.1M
- Sinai Health Foundation$755K
- Friends of Simon Wiesenthal Center for Holocaust Studies$750K
- Canadian Society for Yad Vashem$677K
- Aleh/adi Rehabilitation of Canada$677K
- UHN Foundation$540K
- Hillel Ontario$533K
- The Princess Margaret Cancer Foundation$500K
- United Israel Appeal of Canada Inc$335K
- Dalhousie University$120K
- The Governing Council of the University of Toronto$100K
- United Way of Greater Toronto$60K
- The University of Manitoba$50K
- Sunnybrook Health Sciences Centre Foundation$50K
- Royal Ontario Museum$50K
- University of Southern California (usc)$34K
- Charities Aid Foundation Canada$26K
- The Giller Foundation$25K
- Israel Cancer Research Fund (toronto)$25K
- The Toronto International Festival of Authors$25K
- David Goodman Youth Community Trust$25K
- Les Amis Canadiens de l'Université de Tel Aviv Inc. CanadianFriends of Tel Aviv University Inc.$25K
Received $57 from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $120,000–159,9991 position
- Permanent full-time positions1
- Total compensation, all staff$173K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Ellen Babby (director); Brent Belzberg (director); Aviv Bushinsky (co-president); Noam Erez (director); Eve (ewout) Heersink (director); Robert Lantos (director); Heather Munroe-Blum (director); Robert Prichard (director); Heather Reisman (director/president); Gerald Schwartz (director/chairman); Lori Shapiro (co-president/secretary); Eli (eliezer) Shkedy (director); Daniel Zajfman (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Gerald Schwartz & Heather Reisman Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 138445580RR0001), or read how we compute the receipt.