The Velan Foundation
Private foundation · ST Laurent, Quebec · BN 119261352RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($348,923) as filed with the CRA.
The Velan Foundation is a private foundation based in ST Laurent, Quebec, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $183K in revenue and $349K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 95% from donations.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 81% of peers.
As a grantmaker, it reported gifts to 31 qualified donees totalling $344K in 2024, the largest being $75K to La Rue des Femmes de Montreal. Its filed list of directors and trustees shows 2 names.
In its own words
The organization provides support for low-income individuals and families in need
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $183K | $349K | — | — | $344K | $1.1M |
| 2023 | $214K | $292K | — | — | $284K | $316K |
| 2022 | $125K | $266K | $4,132 | — | $262K | $394K |
| 2021 | $128K | $226K | $5,037 | — | $220K | $534K |
| 2020 | $218K | $276K | — | — | $271K | $632K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $344K to 31 qualified donees — largest 25 shown:
- La Rue des Femmes de Montreal$75K
- Papillon Foundation$40K
- The Masonic Foundation of Québec$40K
- Jeunesse au Soleil / Sun Youth organization$35K
- The Lower Canada College Foundation/La Fondation Lower Canada Collège$33K
- Centraide Du Grand Montréal$22K
- The Montreal General Hospital Foundation$20K
- Université de Montréal$14K
- Muscular Dystrophy Canada / Dystrophie musculaire Canada$10K
- Colorectal Cancer Canada / Cancer Colorectal Canada$10K
- Diabetes Canada Diabète Canada$6,250
- The Sir Mortimer B. Davis Jewish General Hospital Foundation$5,000
- Canadian Himalayan Association for Innovation$5,000
- Canderel Challenge$3,700
- McGill University Health Centre$3,000
- Theatre Lyrichoregra 20$2,500
- Centaur Foundation for the Performing Arts$2,500
- Brome-Missisquoi-Perkins Hospital Foundation/Fondation de l'hôpital Brome-Missisquoi-Perkins$2,500
- Tumour Foundation of BC$2,000
- The David Suzuki Foundation$2,000
- La fondation de l'hôpital de montréal pour enfants/The Montréal Children's Hospital Foundation$2,000
- Les amis de la montagne (Mont-Royal) inc.$1,500
- The Hospital for Sick Children$1,000
- Sinai Health Foundation$1,000
- Conservation Manitou$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Ivan Velan (presidewnt); Thomas Velan (chairman of the board &).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Velan Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119261352RR0001), or read how we compute the receipt.