The Neptis Foundation
Private foundation · Toronto, Ontario · BN 889409777RR0001 · Foundations · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($917,813) as filed with the CRA.
The Neptis Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $1.3M in revenue and $918K in expenditures.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 52% of peers. Its highest-paid position fell in the $40,000–79,999 range. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 3 qualified donees totalling $532K in 2024, the largest being $242K to The Governing Council of the University of Toronto. Revenue has grown substantially over its filings on record here, from $339K in 2020 to $1.3M in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
The neptis foundation funds and publishes objective data collection and analysis to inform discussions on matters that affect the quality of life in urban regions. Promote and fund research and scholarly writing on urbanization in canada.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $918K | $75K | — | $728K | $11.8M |
| 2023 | $752K | $802K | $218K | — | $470K | $11.4M |
| 2022 | -$261K | $591K | $367K | — | $100K | $11.5M |
| 2021 | $1.7M | $550K | $317K | — | $100K | $12.3M |
| 2020 | $339K | $495K | $174K | — | $187K | $11.2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $532K to 3 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9991 position
- Permanent full-time positions1
- Total compensation, all staff$46K
Schedule 3 of its 2022 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Martha Shuttleworth (treasurer); Lorna McKay (secretary); Zoe Coombes (president); David Boria (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Neptis Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 889409777RR0001), or read how we compute the receipt.