Vega Foundation
Private foundation · Toronto, Ontario · BN 782771505RR0001 · Arts
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($484,722) as filed with the CRA.
Vega Foundation is a private foundation based in Toronto, Ontario, classified by the CRA under arts. In its fiscal year ending December 31, 2024, it reported $1.1M in revenue and $485K in expenditures.
Its funding that year was roughly 100% from other charities. In 2024, 1 other registered charity reported granting it a combined $1.1M.
Compared with 296 arts charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 5% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group. Its highest-paid position fell in the $120,000–159,999 range. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 4 qualified donees totalling $86K in 2024, the largest being $60K to The Art Gallery at Harbourfront. Revenue has grown substantially over its filings on record here, from $263K in 2021 to $1.1M in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
1. To advance the public's appreciation of the visual arts by collecting and exhibiting high quality contemporary video and film art. 2. To preserve and promote the development of and excellence in the visual arts industry in canada by facilitating the creation and production of high-quality works by film and video artists. 3. To receive and maintain a fund or funds and to pay or apply all or part of the principal and income therefrom from time to time to 'qualified donees' under the income tax act (canada).
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $485K | $50K | — | $86K | $969K |
| 2023 | $554K | $396K | $5,777 | — | $84K | $351K |
| 2022 | $817K | $644K | $597K | — | — | $193K |
| 2021 | $263K | $243K | $243K | — | — | $20K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $86K to 4 qualified donees:
Received $1.1M from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $120,000–159,9991 position
- Permanent full-time positions1
- Total compensation, all staff$148K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Elisa Nuyten (president); Sophia Dime (vice president); Liza Mauer (vice president).
As listed on its 2024 return.
Check the source
Every figure on this page is from Vega Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 782771505RR0001), or read how we compute the receipt.