The Vered Foundation
Private foundation · Ottawa, Ontario · BN 119261360RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($105,388) as filed with the CRA.
The Vered Foundation is a private foundation based in Ottawa, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $72K in revenue and $105K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 50% from other charities. In 2024, 1 other registered charity reported granting it a combined $36K.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 58% of peers.
As a grantmaker, it reported gifts to 3 qualified donees totalling $101K in 2024, the largest being $50K to McMichael Canadian Art Foundation. Revenue has grown substantially over its filings on record here, from $47K in 2020 to $72K in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
Making donations to other cahirties including universities medical research societies and various health religious and cultural organizations.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $72K | $105K | — | — | $101K | $45K |
| 2023 | $88K | $124K | — | — | $120K | $78K |
| 2022 | $115K | $74K | — | — | $71K | $114K |
| 2021 | $83K | $142K | — | — | $139K | $73K |
| 2020 | $47K | $37K | — | — | $34K | $132K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$36,365
- From other charities$36,002
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 $101K to 3 qualified donees:
Received $36K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Sara Vered (president); Laurie Shusterman (director); Gilda Vered (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Vered Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119261360RR0001), or read how we compute the receipt.