The KCMN Velan Foundation
Private foundation · Westmount, Quebec · BN 840124051RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($96,954) as filed with the CRA.
The KCMN Velan Foundation is a private foundation based in Westmount, Quebec, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $73K in revenue and $97K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking 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 14 qualified donees totalling $79K in 2024, the largest being $30K to Fondation la Rue des Femmes/ Herstreet Foundation. Its filed list of directors and trustees shows 6 names.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $73K | $97K | — | — | $79K | $1.7M |
| 2023 | $111K | $109K | — | — | $91K | $1.8M |
| 2022 | $106K | $79K | — | — | $62K | $1.8M |
| 2021 | $65K | $74K | — | — | $60K | $1.7M |
| 2020 | $56K | $61K | — | — | $47K | $1.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $79K to 14 qualified donees:
- Fondation la Rue des Femmes/ Herstreet Foundation$30K
- Muscular Dystrophy Canada / Dystrophie musculaire Canada$11K
- The Lower Canada College Foundation/La Fondation Lower Canada Collège$5,000
- Fondation du Musee des Beaux- Arts de Montreal$5,000
- Whistler Community Services Society$5,000
- Douglas mental health university institute foundation$5,000
- Jeunesse au Soleil / Sun Youth organization$4,000
- Brome-Missisquoi-Perkins Hospital Foundation/Fondation de l'hôpital Brome-Missisquoi-Perkins$4,000
- Moisson Montréal Inc.$2,500
- La fondation de l'hôpital de montréal pour enfants/The Montréal Children's Hospital Foundation$2,500
- Centre D'action Bénévole De Sutton/Sutton Volunteer Centre$1,250
- Coeur du village productions$1,250
- Jardin d'Enfants de Sutton$1,250
- SeedChange / Sème l'avenir$1,250
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Peter Velan (president); Karen Velan (vice president); Katherine Velan Bekins (board member); Christopher Velan (board member); Michael Velan (board member); Nicholas Velan (board member).
As listed on its 2024 return.
Check the source
Every figure on this page is from The KCMN Velan Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 840124051RR0001), or read how we compute the receipt.