The Gibbons-Daley Foundation
Public foundation · Toronto, Ontario · BN 895318541RR0001 · Organizations Relieving Poverty
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($3,758,379) as filed with the CRA.
The Gibbons-Daley Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under organizations relieving poverty. In its fiscal year ending June 30, 2024, it reported $4.3M in revenue and $3.8M in expenditures.
Compared with 1,125 poverty-relief charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 70% 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 1 qualified donee totalling $3.5M in 2024, the largest being $3.5M to The Basilian Fathers of Toronto. Revenue has grown substantially over its filings on record here, from $1.3M in 2020 to $4.3M in 2024. Its filed list of directors and trustees shows 7 names.
In its own words
Providing funds to the basillian fathers of toronto (the 'congregation') for the following: 1. To establish maintain and operate not-for profit residences for the infirm and angel members of the congregation who are financially need and to provide for their maintenenace 2. To provide furnish and maintain living guarters for the aged and infirm of the congrregation and seminaries 3. To provide education and maintenance of the seminaries of the congregation including studies following ordination.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $4.3M | $3.8M | — | — | $3.5M | $43.3M |
| 2023 | $6.6M | $5.6M | — | — | $5.4M | $42.7M |
| 2022 | $3.9M | $12.8M | — | — | $3.5M | $41.7M |
| 2021 | $8.1M | $3.8M | — | — | $3.5M | $50.6M |
| 2020 | $1.3M | $3.2M | — | — | $3M | $46.3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $3.5M to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Paul Forestell (president); John Reddy (treasurer); Melisssa LI (director); David Katulski (secretary); T.allan Smith (director); Sandro Pierino Morassutti (vice president); Gail Cecil (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Gibbons-Daley Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 895318541RR0001), or read how we compute the receipt.