The Prasad Family Foundation
Private foundation · Collingwood, Ontario · BN 842134686RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($83,834) as filed with the CRA.
The Prasad Family Foundation is a private foundation based in Collingwood, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $84K in revenue and $84K in expenditures.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 35% of peers.
As a grantmaker, it reported gifts to 12 qualified donees totalling $70K in 2024, the largest being $25K to Sinai Health Foundation. Revenue has grown substantially over its filings on record here, from $45K in 2020 to $84K in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
The foundation made contributions during the year to organizations advancing the level of healthcare the well being of children supporting the elimination of violence against women as well as making donations to organizations in the community benefiting worthy causes.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $84K | $84K | — | — | $70K | $1.2M |
| 2023 | $48K | $57K | — | — | $44K | $1.2M |
| 2022 | $49K | $75K | — | — | $61K | $1.2M |
| 2021 | $200K | $65K | — | — | $50K | $1.3M |
| 2020 | $45K | $58K | — | — | $47K | $1.1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $70K to 12 qualified donees:
- Sinai Health Foundation$25K
- Bluenose Coastal Action Foundation$20K
- ST Joseph's Health CARE Foundation of London$10K
- Collingwood Summer Music Festival$5,000
- Collingwood Climate Action Team$3,500
- Cameras For Girls$2,000
- Magic of Children in the Arts$1,500
- The Blue Mountain Foundation for the Arts$1,500
- Canadahelps Canadon$724
- Collingwood Agricultural Society$500
- The Princess Margaret Cancer Foundation$100
- Kids Help Phone / Jeunesse J' Ecoute$100
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Jacqueline Batista (director); Eswar Prasad Somayajula (director); Shashi Prasad Somayajula (director); Nirupama Prasad Terzolo (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Prasad Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 842134686RR0001), or read how we compute the receipt.