The Lewis & Ruth Sherman Foundation
Private foundation · Hamilton, Ontario · BN 119242055RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($901,745) as filed with the CRA.
The Lewis & Ruth Sherman Foundation is a private foundation based in Hamilton, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $2.9M in revenue and $902K in expenditures.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 30% of peers.
As a grantmaker, it reported gifts to 18 qualified donees totalling $215K in 2022, the largest being $35K to Crohn's and Colitis Canada / Crohn et Colite Canada. Revenue has grown substantially over its filings on record here, from $1.9M in 2020 to $2.9M in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Gifts to qualified donees - fondation exists to provide money to registered charities
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.9M | $902K | — | — | $696K | $20.5M |
| 2023 | $2.5M | $838K | — | — | $594K | $18M |
| 2022 | -$2.6M | $431K | — | — | $215K | $16.3M |
| 2021 | $2.3M | $966K | — | — | $766K | $19.4M |
| 2020 | $1.9M | $831K | — | — | $664K | $18M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Other income$701,581
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, 2022
Granted $215K to 18 qualified donees:
- Crohn's and Colitis Canada / Crohn et Colite Canada$35K
- Canadian Centre for Child Protection Inc.$35K
- Seva Canada Society$25K
- MADA Community Center Inc. - Centre communautaire MADA inc.$20K
- Friendship Circle of Québec$15K
- True North Aid$10K
- Sechelt Hospital Foundation Society$10K
- Pacific Assistance Dogs Society$10K
- The Montreal General Hospital Foundation$10K
- Gibsons Wildlife Rehabilitation Centre Society$10K
- The Cedars Cancer Foundation at the McGill University Health Centre$10K
- SPCA Vancouver Hospital Trust Fund$5,000
- Shalem Mental Health Foundation$5,000
- The Ottawa Food Bank/la Banque d'Alimentation d'Ottawa$5,000
- Hamilton Community Foundation$2,500
- Reach Out Centre for Kids Foundation$2,500
- Fora: Network for Change$2,500
- Cameras For Girls$2,500
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2022)
Ben Gould (director); Kenneth Sherman (director); Paddy Torsney (director).
As listed on its 2022 return.
Check the source
Every figure on this page is from The Lewis & Ruth Sherman Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119242055RR0001), or read how we compute the receipt.