The New Hope Foundation
Private foundation · North York, Ontario · BN 809594872RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,450,802) as filed with the CRA.
The New Hope Foundation is a private foundation based in North York, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $1.9M in revenue and $1.5M 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 88% of peers.
As a grantmaker, it reported gifts to 8 qualified donees totalling $1.4M in 2024, the largest being $800K to UHN Foundation. Revenue has grown substantially over its filings on record here, from $611K in 2020 to $1.9M in 2024. Its filed list of directors and trustees shows 4 names.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $1.5M | — | — | $1.4M | $18.1M |
| 2023 | $1.3M | $1.9M | — | — | $1.9M | $17.7M |
| 2022 | $929K | $1.4M | — | — | $1.4M | $18.3M |
| 2021 | $1.1M | $1.3M | — | — | $1.3M | $18.8M |
| 2020 | $611K | $2.1M | — | — | $2.1M | $18.9M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1.4M to 8 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Michael Cadesky (trustee); Paul Fox (trustee); Mindy Lau (trustee); Henry Lau (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from The New Hope Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 809594872RR0001), or read how we compute the receipt.