The Simon and Maral Hasserjian Foundation
Private foundation · Thornhill, Ontario · BN 859607756RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($34,096) as filed with the CRA.
The Simon and Maral Hasserjian Foundation is a private foundation based in Thornhill, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $57K in revenue and $34K in expenditures.
Its funding that year was roughly 18% 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 36% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 7 qualified donees totalling $29K in 2024, the largest being $16K to Armenian Community Centre. Revenue has grown substantially over its filings on record here, from $30K in 2020 to $57K in 2024. Its filed list of directors and trustees shows 2 names.
In its own words
To support other charities and qualified donees.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $57K | $34K | — | — | $29K | $1.2M |
| 2023 | $40K | $23K | — | — | $18K | $1.2M |
| 2022 | $27K | $43K | — | — | $38K | $1.2M |
| 2021 | $156K | $34K | — | — | $26K | $1.2M |
| 2020 | $30K | $44K | — | — | $39K | $1.1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $29K to 7 qualified donees:
- Armenian Community Centre$16K
- Centre d'Assistance Mondiale Armenien de Montreal$5,000
- Armenian Missionary Association of Canada$2,500
- Hayastan Foundation Toronto Inc.$2,000
- Armenian Evangelical Church of Toronto$1,000
- Zoryan Institute of Canada Inc.$1,000
- The Armenian Relief Society of Canada (a.r.s.) Foundation/fondation de la Croix de Secours Armenienne du Canada (a.r.s.)du Ca Nada (a.r.s.)$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Maral Hasserjian (trustee); Simon Hasserjian (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Simon and Maral Hasserjian Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 859607756RR0001), or read how we compute the receipt.