The Harry and Max Korolnek Family Foundation
Private foundation · Toronto, Ontario · BN 119237055RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2023-12-31. Split of total expenditures ($1,265) as filed with the CRA.
The Harry and Max Korolnek Family Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations advancing education.
Compared with 511 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 32% of peers.
As a grantmaker, it reported gifts to 2 qualified donees totalling $1,145 in 2023, the largest being $605 to Congrégation Tifereth Beth David Jerusalem/Tifereth Beth David Jerusalem Synagogue. Its filed list of directors and trustees shows 2 names.
In its own words
The foundation provides charitable donations to the needy and to registered charities of qualified donees.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2023
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2023 | — | $1,265 | — | — | $1,145 | $2,732 |
| 2022 | — | $1,820 | — | — | $1,700 | $3,997 |
| 2021 | — | $3,205 | — | — | $3,085 | $5,817 |
| 2020 | — | $4,405 | — | — | $4,285 | $9,022 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2023
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, 2023
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2023)
Mark Korolnek (secretary); Steven Korolnek (director).
As listed on its 2023 return.
Check the source
Every figure on this page is from The Harry and Max Korolnek Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119237055RR0001), or read how we compute the receipt.