The Michale Cerswell Memorial Charitable Foundation
Private foundation · Beeton, Ontario · BN 817223282RR0001 · Foundations
Source: T3010 return, FPE 2021-12-31. Split of total expenditures ($883) as filed with the CRA.
The Michale Cerswell Memorial Charitable Foundation is a private foundation based in Beeton, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2021, it reported $500 in revenue and $883 in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 100% from donations.
Compared with 3,278 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 52% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $5 in 2021, the largest being $5 to The Hospice for Eating Disorders of Toronto. Its filed list of directors and trustees shows 3 names.
The ledger, 2020–2021
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2021 | $500 | $883 | — | — | $820 | $67 |
| 2020 | $24 | $263 | $200 | — | — | $387 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2021
- Receipted donations$500
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 $5 to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2021)
James Cerswell (chair); Naomi Cerswell; Jeremy Karkheck (trustee).
As listed on its 2021 return.
Check the source
Every figure on this page is from The Michale Cerswell Memorial Charitable Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 817223282RR0001), or read how we compute the receipt.