The Vartan and Lise Toroussian Foundation Fondation Vartan et Lise Toroussian
Private foundation · Saint-Laurent, Quebec · BN 863097499RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($392,436) as filed with the CRA.
The Vartan and Lise Toroussian Foundation Fondation Vartan et Lise Toroussian is a private foundation based in Saint-Laurent, Quebec, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $703K in revenue and $392K in expenditures.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 32% of peers.
As a grantmaker, it reported gifts to 21 qualified donees totalling $301K in 2024, the largest being $55K to Ecole Armen-Quebec de Ugab. Revenue has grown substantially over its filings on record here, from $298K in 2020 to $703K in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
The objectives of the foundation are the promotion support and advancement of health medicine education and other charitable endeavours to help combat sickness poverty and to enhance the continuous encouragement of higher education for all children especially those from underprivileged families. Members of the foundation attended fundraising events of said charities when invited and involved themselves actively through communication with members of all concerned charities.....
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $703K | $392K | — | — | $301K | $4.6M |
| 2023 | $170K | $297K | — | — | $233K | $4.3M |
| 2022 | $411K | $271K | — | — | $230K | $4.4M |
| 2021 | $121K | $228K | — | — | $207K | $4.3M |
| 2020 | $298K | $363K | — | — | $272K | $4.4M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $301K to 21 qualified donees:
- Ecole Armen-Quebec de Ugab$55K
- Tekeyan Armenian Cultural Association of Montreal$32K
- Fondation du Centre universitaire de santé McGill McGill University Health Centre Foundation$25K
- Armenian Holy Apostolic Church Diocese$25K
- Je Passe Partout-Service Soutien Scolaire$20K
- Breakfast Club of Canada$18K
- RR Refuge for Horses$17K
- Services de Soutien à la Famille Hay Doun$15K
- La fondation de l'hôpital de montréal pour enfants/The Montréal Children's Hospital Foundation$15K
- Services de Soutien à la Famille Hay Doun$10K
- The Sir Mortimer B. Davis Jewish General Hospital Foundation$10K
- La fondation Héros de tous les jours$10K
- Sainte-Justine UHC Foundation$8,000
- Ecole Armenienne Sourp Hagop$8,000
- Fondation Jeunes en Tête$7,000
- Mission Bon Accueil / Welcome Hall Mission$5,000
- Montréal Sacré-Coeur Hospital Foundation$5,000
- Teresa Dellar Palliative Care Residence Foundation Inc.$5,000
- Fondation de l'Institut de Cardiologie de Montreal/montreal Heart Institute Foundation$5,000
- Le Chaînon Foundation$5,000
- Fondation Mira Inc.$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Vartan Toroussian (president); Lise Toroussian (secretary); Shanna Toroussian (director); Sevan Toroussian (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Vartan and Lise Toroussian Foundation Fondation Vartan et Lise Toroussian’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 863097499RR0001), or read how we compute the receipt.