The Prenstin Foundation
Private foundation · Toronto, Ontario · BN 803320654RR0001 · Foundations
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($101,557) as filed with the CRA.
The Prenstin Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending June 30, 2024, it reported $22K in revenue and $102K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 65% of peers.
As a grantmaker, it reported gifts to 4 qualified donees totalling $100K in 2024, the largest being $33K to Abiona Centre for Infant & Early Mental Health. Revenue has grown substantially over its filings on record here, from $11K in 2020 to $22K in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
The foundation funds other charities carrying out qualified charitable activities.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $22K | $102K | — | — | $100K | $409K |
| 2023 | $18K | $102K | — | — | $100K | $488K |
| 2022 | $2,376 | $97K | — | — | $94K | $572K |
| 2021 | $1,973 | $105K | — | — | $104K | $666K |
| 2020 | $11K | $61K | — | — | $59K | $770K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $100K to 4 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
V. Prem Watsa (president/director); Nalini Watsa (secretary/director); Molly Watsa (director); Stephanie Watsa (director); Quinn McLean (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Prenstin Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 803320654RR0001), or read how we compute the receipt.