The Gupta Family Foundation
Private foundation · Markham, Ontario · BN 119108892RR0001 · Foundations
Source: T3010 return, FPE 2024-09-30. Split of total expenditures ($1,150,433) as filed with the CRA.
The Gupta Family Foundation is a private foundation based in Markham, Ontario, classified by the CRA under foundations. In its fiscal year ending September 30, 2024, it reported $420K in revenue and $1.2M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 73% from donations. In 2024, 1 other registered charity reported granting it a combined $1,318.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 86% of peers.
As a grantmaker, it reported gifts to 6 qualified donees totalling $1.1M in 2024, the largest being $1M to Toronto Metropolitan University. Revenue has grown substantially over its filings on record here, from $132K in 2020 to $420K in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
To promote the advancement of education of children and adults by literacy programs learning of languages including indian languages and to promote higher achievement in learning by providing special prizes scholarships and awards - to provide relieve in poverty of indigent persons including the children and separated mothers and assisting such persons to acquires skills to become financially independent - to promote the learning of hindu religion in canada and abroad and to provide for various ceremonies and contruction of temples - to promote the contruction of hospitals extensions f…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $420K | $1.2M | $1.1M | — | — | $2.5M |
| 2023 | $1.4M | $146K | $134K | — | $11K | $3.2M |
| 2022 | $147K | $241K | $232K | — | $75K | $2M |
| 2021 | $1.6M | $598K | $586K | — | $58K | $2.1M |
| 2020 | $132K | $106K | — | — | $46K | $1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1.1M to 6 qualified donees:
Received $1,318 from 1 charity:
- Canadahelps Canadon$1,318
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2023)
Suresh (steve) Gupta (director); Rashmi Gupta (director); Reetu Gupta (director); Suraj Gupta (director).
As listed on its 2023 return.
Check the source
Every figure on this page is from The Gupta Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119108892RR0001), or read how we compute the receipt.