The Polykar Foundation
Private foundation · Saint-Laurent, Quebec · BN 726614688RR0001 · Foundations
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($172,404) as filed with the CRA.
The Polykar Foundation is a private foundation based in Saint-Laurent, Quebec, classified by the CRA under foundations. In its fiscal year ending June 30, 2024, it reported $616K in revenue and $172K in expenditures.
Its funding that year was roughly 64% from donations.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 36% of peers.
As a grantmaker, it reported gifts to 10 qualified donees totalling $136K in 2024, the largest being $59K to Fondation HEC Montréal. Revenue has grown substantially over its filings on record here, from $331K in 2020 to $616K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Maintaining funds to apply all or part of the principal and income therefrom from time to time to qualified donees involved in among other things the following fields: education health environment and international aid.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $616K | $172K | — | — | $136K | $2.5M |
| 2023 | $158K | $205K | — | — | $167K | $2M |
| 2022 | $636K | $152K | $169 | — | $114K | $2.1M |
| 2021 | $995K | $73K | $449 | — | $55K | $1.6M |
| 2020 | $331K | $75K | $2,268 | — | $61K | $665K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $136K to 10 qualified donees:
- Fondation HEC Montréal$59K
- Aga Khan Foundation Canada$33K
- Fondation HEC Montréal$26K
- The Sunshine Foundation of Canada$6,443
- Focus Humanitarian Assistance Canada - Focus Assistance Humanitaire Canada$5,000
- The Lucas foundation$3,300
- The Study School Foundation$2,000
- Douglas mental health university institute foundation$1,500
- La dauphinelle$500
- St. Mary's Hospital Foundation$200
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Amir Karim (president treasurer); Iffat Salaam (secretary); Farahnaz Karim (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Polykar Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 726614688RR0001), or read how we compute the receipt.