The N. & J. Richer Foundation
Private foundation · Montreal, Quebec · BN 898133491RR0001 · Foundations
Source: T3010 return, FPE 2024-10-31. Split of total expenditures ($102,442) as filed with the CRA.
The N. & J. Richer Foundation is a private foundation based in Montreal, Quebec, classified by the CRA under foundations. In its fiscal year ending October 31, 2024, it reported $15K in revenue and $102K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 63% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $100K in 2024, the largest being $100K to The Sir Mortimer B. Davis Jewish General Hospital Foundation. Revenue has declined over its filings on record here, from $29K in 2020 to $15K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The only programs that were carried out during the year were donations made to qualified doneees.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $15K | $102K | — | — | $100K | $529K |
| 2023 | $36K | $29K | — | — | $25K | $617K |
| 2022 | $28K | $24K | — | — | $22K | $610K |
| 2021 | $30K | $23K | — | — | $21K | $600K |
| 2020 | $29K | $27K | — | — | $25K | $598K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, October 31, 2024
- Investment income$37,178
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 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Eric Richer; Rhonda Richer (vice president); Malerie Lipa.
As listed on its 2024 return.
Check the source
Every figure on this page is from The N. & J. Richer Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 898133491RR0001), or read how we compute the receipt.