The Veritas Foundation/La Fondation Veritas
Private foundation · Toronto, Ontario · BN 732323126RR0001 · Foundations
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($3,977,250) as filed with the CRA.
The Veritas Foundation/La Fondation Veritas is a private foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending March 31, 2024, it reported $4.6M in revenue and $4M in expenditures.
Its funding that year was roughly 39% from donations, 51% from other charities. In 2024, 31 other registered charities reported granting it a combined $3.5M.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 68% of peers. Its fundraising cost per donated dollar was lower than 93% of that peer group. Its highest-paid position fell in the $80,000–119,999 range. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 48 qualified donees totalling $3.3M in 2024, the largest being $2.7M to Aqueduct Foundation. Revenue has grown substantially over its filings on record here, from $99K in 2020 to $4.6M in 2024. Its filed list of directors and trustees shows 8 names.
In its own words
To receive and maintain a fund or funds for public charitable purposes and to support other registered charities and qualified donees
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $4.6M | $4M | — | $18K | $3.7M | $5.7M |
| 2023 | $4.3M | $1M | — | $16K | $860K | $5.1M |
| 2022 | $2.1M | $120K | — | — | $53K | $1.9M |
| 2021 | $109K | $30K | — | — | $14K | $88K |
| 2020 | $99K | $112K | — | — | $15K | -$175K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $3.3M to 48 qualified donees — largest 25 shown:
- Aqueduct Foundation$2.7M
- Makeway Charitable Society$175K
- Daily Bread Food Bank$50K
- Jack.org$50K
- Blake Boultbee Youth Outreach Service$30K
- The Canadian Journalism Foundation/La fondation pour le journalisme canadien$25K
- The Corporation of Massey Hall and Roy Thomson Hall$25K
- Making Art Making Change$25K
- Georgian Bay Forever$20K
- Eva's Initiatives for Homeless Youth$20K
- Friends of Allan Gardens$12K
- Rainbow Faith and Freedom$10K
- Music Education Charity of Canada$10K
- West Parry Sound Health Centre Foundation$10K
- Make-A-Wish Foundation of Canada$10K
- Sick Not Weak$10K
- The Georgian Bay Trust Foundation Inc$10K
- Anishnawbe Health Foundation$10K
- 10 000 Trees For the Rouge$10K
- The Veritas Foundation/La Fondation Veritas$6,954
- The Governing Council of the University of Toronto$6,050
- Town of Midland$5,450
- West End Phoenix$5,000
- Georgian Bay General Hospital Foundation$5,000
- University of Toronto Community Radio Inc.$5,000
Received $3.5M from 31 charities:
- Makeway Foundation$2.2M
- GiftPact Foundation Inc.$993K
- Aqueduct Foundation$75K
- John M. & Bernice Parrott Foundation Inc.$50K
- Charitable Gift Funds Canada Foundation$28K
- Robert Kerr Foundation$15K
- Arrell Family Foundation$12K
- Canada Gives$10K
- Nicola Wealth Private Giving Foundation$10K
- Toronto Foundation$8,651
- Burgundy Legacy Foundation$8,050
- Johansen-Larsen Foundation$7,500
- The Veritas Foundation/La Fondation Veritas$6,954
- United Way of Greater Toronto$5,000
- The Midloch Foundation$5,000
- Johansen-Larsen Foundation$5,000
- Canadian Online Giving Foundation$2,696
- Lifetime Charitable Foundation$2,500
- Burnbrae Farms Foundation$2,500
- M. Bonham Charitable Foundation$2,500
- M. Bonham Charitable Foundation$2,500
- M. Bonham Charitable Foundation$2,500
- McLean Smits Family Foundation$2,500
- The G.Scott Paterson Foundation$2,500
- Abundance Canada$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9991 position
- Permanent full-time positions1
- Total compensation, all staff$92K
Schedule 3 of its 2020 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Anthony Scilipoti (chair); Sam Labell (treasurer); Lou Fabiano (director); Joseph Mauko (director); James Burns (director); Dina Palozzi (director); Frank Anderson (director); Edna Chu (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Veritas Foundation/La Fondation Veritas’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 732323126RR0001), or read how we compute the receipt.