The Varshney Family Charitable Foundation
Private foundation · Vancouver, British Columbia · BN 868580499RR0001 · Foundations
Source: T3010 return, FPE 2024-07-31. Split of total expenditures ($47,738) as filed with the CRA.
The Varshney Family Charitable Foundation is a private foundation based in Vancouver, British Columbia, classified by the CRA under foundations. In its fiscal year ending July 31, 2024, it reported $37K in revenue and $48K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 64% 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 67% of peers.
As a grantmaker, it reported gifts to 6 qualified donees totalling $47K in 2024, the largest being $25K to Foundations for Social Change. Its filed list of directors and trustees shows 6 names.
In its own words
We organize fundraising events in which donations received are used to support other charitable organizations to fulfill our mandate.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $37K | $48K | — | — | $47K | $327K |
| 2023 | $28K | $39K | — | — | $36K | $338K |
| 2022 | $206K | $57K | — | — | $56K | $349K |
| 2021 | $29K | $49K | — | — | $42K | $200K |
| 2020 | $43K | $58K | — | — | $58K | $221K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, July 31, 2024
- Receipted donations$23,916
- Investment income$12,982
- Other income$202
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2024
Granted $47K to 6 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Hari Varshney (director); Madhu Varshney (director); Praveen Varshney (director); Anuja Varshney (director); Peeyush Varshney (director); Vandana Varshney (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Varshney Family Charitable Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 868580499RR0001), or read how we compute the receipt.