The Nandan Fund
Private foundation · Toronto, Ontario · BN 861976470RR0001 · Foundations
Source: T3010 return, FPE 2023-12-31. Split of total expenditures ($71,993) as filed with the CRA.
The Nandan Fund is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2023, it reported $16K in revenue and $72K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,292 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 30% of peers.
As a grantmaker, it reported gifts to 3 qualified donees totalling $56K in 2023, the largest being $45K to The Royal Conservatory of Music. Revenue has grown substantially over its filings on record here, from $8,507 in 2020 to $16K in 2023. Its filed list of directors and trustees shows 3 names.
In its own words
Financial donations are made to qualified donees that promote culture and social interests
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2023
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2023 | $16K | $72K | — | — | $56K | $120K |
| 2022 | $7,207 | $44K | $3,593 | — | $31K | $179K |
| 2021 | $9,117 | $42K | $3,248 | — | $29K | $240K |
| 2020 | $8,507 | $33K | $3,750 | — | $18K | $245K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2023
- Investment income$7,636
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, 2023
Granted $56K to 3 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2023)
Nancy Gelber (settlor and trustee); Daniel Bjarnason (trustee); Janice Stein (trustee).
As listed on its 2023 return.
Check the source
Every figure on this page is from The Nandan Fund’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 861976470RR0001), or read how we compute the receipt.