The Nexgen Charitable Foundation
Public foundation · North York, Ontario · BN 804150290RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,783,831) as filed with the CRA.
The Nexgen Charitable Foundation is a public foundation based in North York, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $1.2M in revenue and $1.8M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 38% from donations, 56% from other charities. In 2024, 2 other registered charities reported granting it a combined $927K.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 24% of peers. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 10 qualified donees totalling $179K in 2024, the largest being $41K to Bnos Chaya. Revenue has declined over its filings on record here, from $3.7M in 2020 to $1.2M in 2024. Its filed list of directors and trustees shows 2 names.
In its own words
Provide relief of poverty by assisting the poor and provide a scholarship fund for needy
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.2M | $1.8M | $1.1M | — | $179K | $6.5M |
| 2023 | $1.3M | $1.2M | $1.1M | — | $98K | $7.1M |
| 2022 | $2.1M | $1.3M | $1.3M | — | $15K | $7M |
| 2021 | $3.7M | $1.4M | — | — | $219K | $6.2M |
| 2020 | $3.7M | $1.5M | — | — | $82K | $4.1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $179K to 10 qualified donees:
- Bnos Chaya$41K
- Mosdos Bobov$39K
- Yeshiva Gedolah Zichron Shmayahu$29K
- Talmudical Academy Of Toronto Mishkan HaTorah Charitable Trust$18K
- Yeshivat Yesodei Hatora$18K
- Yeshivas Nachalas Zvi$13K
- Bais Yaakov Elementary School$12K
- Bnos Bais Yaakov High School$6,930
- The Foundations of Torah Charitable Organization$2,000
- Kav Shalom KHM$1,575
Received $927K from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Leah Grosz (secretary); Samuel Grosz (president).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Nexgen Charitable Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 804150290RR0001), or read how we compute the receipt.