The Policaro Foundation
Private foundation · Brampton, Ontario · BN 761529510RR0001 · Foundations
Source: T3010 return, FPE 2024-09-30. Split of total expenditures ($248,044) as filed with the CRA.
The Policaro Foundation is a private foundation based in Brampton, Ontario, classified by the CRA under foundations. In its fiscal year ending September 30, 2024, it reported $54K in revenue and $248K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 96% from donations.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 80% of peers.
As a grantmaker, it reported gifts to 18 qualified donees totalling $248K in 2024, the largest being $237K to The Hospital for Sick Children Foundation. Revenue has declined over its filings on record here, from $249K in 2020 to $54K in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
February heart month: every february policaro foundation will raise donations to the policaro fetal cardiac fellowship in support of sickkids. Also toy drive- organized to collect un-opened toy donations that are later passed to a hospital.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $54K | $248K | — | — | $248K | $45K |
| 2023 | $99K | — | — | $108K | $306K | $234K |
| 2022 | $286K | $235K | $121K | — | $209K | $271K |
| 2021 | $44K | $157K | $1,335 | — | $151K | $41K |
| 2020 | $249K | $124K | $4,548 | — | $1,000 | $154K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $248K to 18 qualified donees:
- The Hospital for Sick Children Foundation$237K
- Hospice Vaughan$2,000
- Canadian Cancer Society$1,780
- Vaughan Community Information Services$1,000
- Silstar Foundation$1,000
- Mens Sana Families for Mental Health$1,000
- Boost Child & Youth Advocacy Centre$1,000
- Heart and Stroke Foundation of Canada$704
- The Princess Margaret Cancer Foundation$562
- The Di Marco Family Foundation$259
- Waves of Changes For Autism$250
- United Way of Greater Toronto$250
- UHN Foundation$250
- BenefAction Foundation$250
- ST. Joseph's Health Centre Foundation of Toronto$250
- My Tribute Gift Foundation$250
- St. Margaret Mary Parish$250
- Lions Foundation of Canada Dog Guides/fondation des Lions du Canada Chien-Guides$200
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Basil Policaro (director); Anthony Policaro (director); Paul Policaro (director); Francesco Policaro (director); Jay LIM (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Policaro Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 761529510RR0001), or read how we compute the receipt.