The Nikita Foundation
Private foundation · Toronto, Ontario · BN 802198408RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($4,022,301) as filed with the CRA.
The Nikita 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 $47.7M in revenue and $4M in expenditures.
Compared with 380 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 91% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 7 qualified donees totalling $4M in 2024, the largest being $2M to Oceana Canada. Revenue has grown substantially over its filings on record here, from $20.7M in 2020 to $47.7M in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
To make charitable contribution to 'qualified donees' as defined under the provisions of the income tax act ( canada) as it may be amended from time to time.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $47.7M | $4M | — | — | $4M | $281.5M |
| 2023 | $50.6M | $2.5M | — | — | $2.5M | $237.8M |
| 2022 | $6.6M | $8.1M | — | — | $8M | $189.8M |
| 2021 | $61.5M | $8M | — | — | $8M | $191.2M |
| 2020 | $20.7M | $7.9M | — | — | $7.8M | $137.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Other income$43,883,590
- Investment income$3,836,573
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 $4M to 7 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Peter Thomson (president & director); Diana Thomson (director); Eugene Siklos (vp & director); David Steele (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Nikita Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 802198408RR0001), or read how we compute the receipt.