The Mike and Sandra Florence Family Foundation
Private foundation · Toronto, Ontario · BN 124242397RR0001 · Foundations
Source: T3010 return, FPE 2024-11-30. Split of total expenditures ($66,688) as filed with the CRA.
The Mike and Sandra Florence 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 $32K in revenue and $67K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 78% from donations.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 17% of peers.
As a grantmaker, it reported gifts to 8 qualified donees totalling $42K in 2024, the largest being $14K to Chat. Revenue has declined over its filings on record here, from $75K in 2020 to $32K in 2024. Its filed list of directors and trustees shows 5 names.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $32K | $67K | — | — | $42K | $125K |
| 2023 | $86K | $98K | — | — | $79K | $160K |
| 2022 | $181K | $110K | — | — | $93K | $172K |
| 2021 | $120K | $83K | — | — | $62K | $103K |
| 2020 | $75K | $84K | — | — | $62K | $66K |
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$25,000
- Investment income$6,881
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 $42K to 8 qualified donees:
- Chat$14K
- Weizmann Canada$10K
- Canadian Security Group$10K
- Holy Blossom Temple$4,480
- United Jewish Appeal$1,500
- Toronto Jewish Festival$1,400
- Camp Fire Circle$600
- Jewish National Fund.$400
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Sandra Florence (secretary); Michael Florence (president); Edward Florence (director); Kenneth Florence (director); Karen Stekel (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Mike and Sandra Florence Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 124242397RR0001), or read how we compute the receipt.