The Veritas Fund
Public foundation · Westmount, Quebec · BN 119772440RR0001 · Foundations Advancing Education
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($2,528,315) as filed with the CRA.
The Veritas Fund is a public foundation based in Westmount, Quebec, classified by the CRA under foundations advancing education. In its fiscal year ending June 30, 2024, it reported $2.5M in revenue and $2.5M in expenditures.
Its funding that year was roughly 20% from donations, 63% from other charities. In 2024, 10 other registered charities reported granting it a combined $445K.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 66% of peers.
As a grantmaker, it reported gifts to 1 qualified donee totalling $2.3M in 2024, the largest being $2.3M to Selwyn House Association. Revenue has grown substantially over its filings on record here, from $1.6M in 2020 to $2.5M in 2024. Its filed list of directors and trustees shows 13 names.
In its own words
Annual giving + endowment campaign + campaign for special projects
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.5M | $2.5M | — | — | $2.3M | $22.9M |
| 2023 | $2M | $1.3M | — | — | $1.1M | $21.8M |
| 2022 | $3.8M | $1.1M | — | — | $946K | $18.8M |
| 2021 | $1.7M | $980K | — | — | $839K | $21.5M |
| 2020 | $1.6M | $947K | — | — | $825K | $16.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $2.3M to 1 qualified donee:
- Selwyn House Association$2.3M
Received $445K from 10 charities:
- Jewish Community Foundation of Montreal$160K
- The Mel Hoppenheim Family Foundation/La fondation familiale Mel Hoppenheim$125K
- The Molson Foundation/fondation Molson$50K
- The RDJ Fund$50K
- The Sarah And David Kaufman Family Foundation$25K
- Aqueduct Foundation$15K
- The Marchab Foundation$10K
- Mitzi & Mel Dobrin Family Foundation/fondation Familiale Mitzi & Mel Dobrin$5,000
- WCPD Foundation$5,000
- Canadian Online Giving Foundation$567
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Ian Aitken (trustee); Timothy Carsley (trustee); Edward Claxton (vice chair); Geoffrey Moore (trustee); William Daly (trustee); Rody Yared (trustee); Peter Duffield (trustee); Prosanto Chaufhury (trustee); John Hallward (chairman); Charles-Alexandre Vennat (trustee); Alan Rossy (trustee); Mark Smith (trustee); Bart Sambrook (secretary treasurer).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Veritas Fund’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119772440RR0001), or read how we compute the receipt.