The Monk Foundation
Private foundation · Etobicoke, Ontario · BN 844887406RR0001 · Foundations
Source: T3010 return, FPE 2020-12-31. Split of total expenditures ($1,033,706) as filed with the CRA.
The Monk Foundation is a private foundation based in Etobicoke, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2020, it reported $855K in revenue and $1M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 2,388 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 73% of peers.
As a grantmaker, it reported gifts to 9 qualified donees totalling $1M in 2020, the largest being $640K to Mama Ibado Charity. Its filed list of directors and trustees shows 2 names.
The ledger, 2020–2020
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2020 | $855K | $1M | — | — | $1M | $19K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2020
- Investment income$77,986
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, 2020
Granted $1M to 9 qualified donees:
- Mama Ibado Charity$640K
- Chalice (Canada)$140K
- Our Lady of Sorrows Parish$96K
- The Donkey Sanctuary of Canada$50K
- Scott Mission$32K
- World Wildlife Fund Canada Fonds Mondial pour la Nature Can Ada$20K
- Innocence Canada$10K
- The Donkey Sanctuary of Canada$10K
- Canadian Wildlife Federation$6,500
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2020)
Loretta Pavan (trustee); Sandra Dammizio (trustee).
As listed on its 2020 return.
Check the source
Every figure on this page is from The Monk Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 844887406RR0001), or read how we compute the receipt.