The Madison Foundation
Public foundation · Toronto, Ontario · BN 794574939RR0001 · Foundations
Source: T3010 return, FPE 2024-04-30. Split of total expenditures ($100,070) as filed with the CRA.
The Madison Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending April 30, 2024, it reported $250K in revenue and $100K in expenditures.
Its funding that year was roughly 100% from donations.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 90% of peers.
As a grantmaker, it reported gifts to 2 qualified donees totalling $100K in 2024, the largest being $50K to University of Guelph. Revenue has declined over its filings on record here, from $1M in 2021 to $250K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
To receive and maintain a fund or funds and to apply all or part of the principal and income therefrom from time to time to qualified donees as defined in subsection 149.1(1) of the income tax act (canada).
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $250K | $100K | — | — | $100K | $2.4M |
| 2023 | $0 | $164 | — | — | — | $2.2M |
| 2022 | $1.2M | $225 | — | — | — | $2.2M |
| 2021 | $1M | $125 | — | — | — | $1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Public foundation — endowment and payout, April 30, 2024
- Receipted donations$250,100
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, 2024
Granted $100K to 2 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Carlo Siccion (director); Michael Colwill (director); Loretta Cella (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Madison Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 794574939RR0001), or read how we compute the receipt.