The Philip Smith Foundation
Public foundation · Toronto, Ontario · BN 119251114RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($68,972) as filed with the CRA.
The Philip Smith Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $23K in revenue and $69K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 74 qualified donees totalling $448K in 2024, the largest being $102K to Holy Blossom Temple. Revenue has declined over its filings on record here, from $193K in 2020 to $23K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Continued to operate to fulfill its purpose of establishing and maintaining funds and assets by way of contribution for religious charitable or educational institutions within Canada.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $23K | $69K | — | — | — | $8.3M |
| 2023 | -$373K | $370K | — | — | $278K | $7.7M |
| 2022 | -$58K | $392K | — | — | $310K | $7.6M |
| 2021 | $1.5M | $366K | — | $75K | $291K | $8.9M |
| 2020 | $193K | $331K | — | — | $254K | $7.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $448K to 74 qualified donees — largest 25 shown:
- Holy Blossom Temple$102K
- United Jewish Appeal of Greater Toronto$28K
- Sinai Health Foundation$26K
- The Hospital for Sick Children Foundation$23K
- The Baycrest Centre Foundation$21K
- The Princess Margaret Cancer Foundation$21K
- ST. Michael's and Providence Foundation$14K
- Scarborough Health Network Foundation$14K
- United Way of Greater Toronto$10K
- Mackenzie Health Foundation$10K
- Heart and Stroke Foundation of Canada$10K
- Alzheimer Society of Canada$10K
- Gerstein Crisis Centre$9,000
- The Princess Margaret Cancer Foundation$8,000
- Children's Health Foundation$6,500
- Sunnybrook Health Sciences Centre Foundation$6,500
- Doctors Without Borders Canada / Medecins Sans Frontieresca Nada$6,500
- Victim Services Toronto$5,500
- Ve'Ahavta$5,500
- Daily Bread Food Bank$4,500
- Achim LaChaim$4,500
- Saint Elizabeth Foundation$4,000
- Orangeville Food Bank : Caring for the Community$4,000
- Loft Community Services$4,000
- International Conservation Fund of Canada Inc.$4,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Philip Long (president); Lindsay Sutcliffe (treasurer); Lorne Smith (secretary).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Philip Smith Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119251114RR0001), or read how we compute the receipt.