The Pierre Lassonde Family Foundation
Private foundation · Toronto, Ontario · BN 891205346RR0001 · Foundations
Source: T3010 return, FPE 2024-11-30. Split of total expenditures ($8,457,905) as filed with the CRA.
The Pierre Lassonde Family Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending November 30, 2024, it reported $153.3M in revenue and $8.5M in expenditures.
Its funding that year was roughly 98% from donations.
Compared with 380 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 9% of peers.
As a grantmaker, it reported gifts to 25 qualified donees totalling $5.8M in 2023, the largest being $1.8M to University of Utah. Revenue has grown substantially over its filings on record here, from $84.9M in 2020 to $153.3M in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
The foundation funded registered charities providing medical religious cultural and educational service in ontario quebec and the united states.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $153.3M | $8.5M | — | — | $4.8M | $248.1M |
| 2023 | $5.4M | $6.4M | — | — | $5.8M | $103.3M |
| 2022 | $2.1M | $59.1M | — | — | $4.9M | $104.4M |
| 2021 | $5.4M | $41.2M | — | — | $5.8M | $161.4M |
| 2020 | $84.9M | $4.8M | — | — | $4.6M | $197.2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2023
Granted $5.8M to 25 qualified donees:
- University of Utah$1.8M
- Brown University$1.5M
- The Hospital for Sick Children Foundation$1M
- Lassonde Art Trail Foundation$550K
- Musée d'art de Joliette$231K
- Jean Paul Riopelle Foundation/Fondation Jean Paul Riopelle$200K
- Mount Allison University$133K
- S&y Foundation$106K
- Fondation et Alumni de Polytechnique Montreal$100K
- Windmill Microlending$50K
- Portrait Gallery of Canada$25K
- GDB International$25K
- Trnas-Canada Trail$20K
- The Royal Conservatory of Music$15K
- United Way of Greater Toronto$10K
- Canadian Engineering Memorial Foundation$10K
- Fondation Honoré-Mercier$7,500
- Shady Hill School$6,905
- Children's Aid Foundation of Canada$5,500
- Canadahelps Canadon$5,000
- Avon Old Farms$3,476
- Colby College$3,459
- Fondation du Musée d'Art de Joliette$3,250
- The Bishop Strachan School Foundation$3,000
- Sunnybrook Health Sciences Centre Foundation$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Pierre Lassonde (president); Christian Lassonde (director); Julie Lassonde (director); Jennifer Lassonde (director); Michael Gibbens (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Pierre Lassonde Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 891205346RR0001), or read how we compute the receipt.