The Masters Family Foundation
Private foundation · Toronto, Ontario · BN 835924564RR0001 · Foundations
Source: T3010 return, FPE 2024-11-30. Split of total expenditures ($454,834) as filed with the CRA.
The Masters Family Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending November 30, 2024, it reported $440K in revenue and $455K 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 44% of peers. Its highest-paid position fell in the $40,000–79,999 range. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 5 qualified donees totalling $382K in 2024, the largest being $201K to United Jewish Appeal of Greater Toronto. Revenue has grown substantially over its filings on record here, from $279K in 2020 to $440K in 2024. Its filed list of directors and trustees shows 3 names.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $440K | $455K | — | — | $382K | $2,926 |
| 2023 | $376K | $365K | — | — | $290K | $18K |
| 2022 | $366K | $363K | — | — | $291K | $6,527 |
| 2021 | $362K | $366K | — | — | $292K | $3,570 |
| 2020 | $279K | $273K | — | — | $201K | $8,060 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, November 30, 2024
- Receipted donations$440,000
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 $382K to 5 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9991 position
- Permanent full-time positions1
- Total compensation, all staff$72K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Sheila Masters (chairman); Randolph Masters (president); Russell Masters (vice-president).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Masters Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 835924564RR0001), or read how we compute the receipt.