The Terrence Donnelly Foundation
Private foundation · Toronto, Ontario · BN 855519179RR0001 · Foundations
Source: T3010 return, FPE 2023-12-31. Split of total expenditures ($1,512,848) as filed with the CRA.
The Terrence Donnelly Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2023, it reported $442K in revenue and $1.5M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 2,659 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 85% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $1.5M in 2023, the largest being $1.5M to The Governing Council of the University of Toronto. Revenue has declined over its filings on record here, from $1.3M in 2020 to $442K in 2023. Its filed list of directors and trustees shows 4 names.
In its own words
The charity made donations to the university of toronto and other registered charities and was dissolved on december 28 2023.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2023
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2023 | $442K | $1.5M | — | — | $1.5M | — |
| 2022 | $64K | $155K | — | — | $150K | $1.1M |
| 2021 | $535K | $392K | — | — | $387K | $1.2M |
| 2020 | $1.3M | $1.4M | — | — | $1.4M | $1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2023
Granted $1.5M to 1 qualified donee:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2023)
Terrence Donnelly (president); James Nasso (secretary-treasurer); Lee Erret (director-trustee); Georges Gagnon (director-trustee).
As listed on its 2023 return.
Check the source
Every figure on this page is from The Terrence Donnelly Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 855519179RR0001), or read how we compute the receipt.