The Palahnuk Foundation
Private foundation · Toronto, Ontario · BN 761626506RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($97,957) as filed with the CRA.
The Palahnuk 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 $24K in revenue and $98K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 41% of peers.
As a grantmaker, it reported gifts to 2 qualified donees totalling $86K in 2024, the largest being $71K to Strongminds Inc.. Revenue has declined over its filings on record here, from $218K in 2021 to $24K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The purpose of the corporation is to receive and maintain a fund or funds and to apply all or part of the principal and income therefrom from time to time to one or more qualified donees within the meaning of the income tax act (canada) as amended from time to time
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $24K | $98K | — | — | $86K | $68K |
| 2023 | $3,203 | $43K | — | — | $25K | $141K |
| 2022 | $8,810 | $45K | — | — | $30K | $181K |
| 2021 | $218K | — | — | — | — | $218K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $86K to 2 qualified donees:
- Strongminds Inc.$71K
- Forward Global Philanthropy Society$15K
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Nicholas Palahnuk (director); Nicola Grewal (director); Gayatri Ramdeholl (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Palahnuk Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 761626506RR0001), or read how we compute the receipt.