The Lao's Family Charitable Trust
Private foundation · Toronto, Ontario · BN 889824629RR0001 · Foundations
Source: T3010 return, FPE 2021-12-31. Split of total expenditures ($27,266,724) as filed with the CRA.
The Lao's Family Charitable Trust is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2021, it reported $7.5M in revenue and $27.3M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 1,368 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 89% of peers.
As a grantmaker, it reported gifts to 32 qualified donees totalling $27.1M in 2021, the largest being $26.4M to Koinonia Charitable Trust. Its filed list of directors and trustees shows 1 name.
In its own words
Provided undergraduate and graduate level scholarships to qualified individuals at designated educational institutions.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2021
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2021 | $7.5M | $27.3M | — | — | $27.1M | $29K |
| 2020 | $1.4M | $871K | — | — | $715K | $18.8M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2021
- Investment income$702,953
- Other income$12,240
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, 2021
Granted $27.1M to 32 qualified donees — largest 25 shown:
- Koinonia Charitable Trust$26.4M
- Trinity Western University$70K
- CCL - Christian Communication Incorporated$55K
- Association of Christian Evangelical Ministries (Canada)$55K
- The Tyndale Foundation$50K
- The Great Commission Foundation$45K
- Prairie Bible Institute$40K
- The Samaritan's Purse - Canada$35K
- Gospel Operation International for Chinese Christians$35K
- Far East Broadcasting Associates of Canada$35K
- The Fellowship of Evangelical Baptist Churches in Canada$30K
- Open Doors Canada$30K
- Send International of Canada Inc.$25K
- Go and Share Missions Canada$25K
- Ambrose University$25K
- Overseas Missionary Fellowship$24K
- Msi Canada Christian Missions Society$20K
- Living Water Counselling Centre$20K
- Grace to Chinese International$20K
- Power to Change Ministries$16K
- World Team$15K
- The Alliance Bible Seminary Centre of Canada$10K
- JFJ Hope Centre$10K
- Intercede International$10K
- The Legion of Frontiersmen of the Commonwealth in Canada$10K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2021)
Royal Trust Corporation (successor trustee).
As listed on its 2021 return.
Check the source
Every figure on this page is from The Lao's Family Charitable Trust’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 889824629RR0001), or read how we compute the receipt.