The V-42 Foundation
Charitable organization · North York, Ontario · BN 824621841RR0001 · Community Resource Organizations · website
Source: T3010 return, FPE 2024-01-31. Split of total expenditures ($156,347) as filed with the CRA.
The V-42 Foundation is a charitable organization based in North York, Ontario, classified by the CRA under community resource organizations. In its fiscal year ending January 31, 2024, it reported $457K in revenue and $156K in expenditures.
Its funding that year was roughly 14% from donations, 65% from other charities. In 2024, 9 other registered charities reported granting it a combined $426K.
Compared with 730 community-service charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 12% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
Revenue has grown substantially over its filings on record here, from $220K in 2020 to $457K in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
The purpose of the corporation is to promote the efficiency morale esprit de corps and reintegration of the active and retired members of the canadian special operations forces (cansof) into civilian life in order to advance the safety and security of canada by: 1) providing financial assistance to active and retired members of the cansof and their families or referrals to other agencies; 2) awarding scholarships or bursaries to families of active and retired members of the cansof for post-secondary education and professional and vocational training; 3) providing information sessions an…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $457K | $156K | $75K | $20K | — | $1.7M |
| 2023 | $217K | $118K | $51K | $9,669 | — | $1.4M |
| 2022 | $442K | $96K | $23K | $11K | — | $1.3M |
| 2021 | $249K | $117K | $30K | $11K | — | $964K |
| 2020 | $220K | $134K | $38K | $13K | $13K | $832K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $426K from 9 charities:
- Canadahelps Canadon$155K
- Canadahelps Canadon$155K
- CHIMP: Charitable Impact Foundation (Canada)$100K
- United Way East Ontario / Centraide Est de l'Ontario$6,086
- RBC Foundation$5,000
- Strategic Charitable Giving Foundation$3,000
- PayPal Giving Fund Canada$1,565
- BenefAction Foundation$1,000
- United Way of the Alberta Capital Region$12
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Michael Beaudette (director); Bradley Offman (director); Gary Reamey (director); Charles Sims (chairperson).
As listed on its 2024 return.
Check the source
Every figure on this page is from The V-42 Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 824621841RR0001), or read how we compute the receipt.