Villa Charities Foundation
Public foundation · Toronto, Ontario · BN 893370767RR0001 · Foundations Advancing Education · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,916,485) as filed with the CRA.
Villa Charities Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending December 31, 2024, it reported $2.8M in revenue and $1.9M in expenditures.
Its funding that year was roughly 45% from donations. In 2024, 15 other registered charities reported granting it a combined $1M.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 17% of peers. Its highest-paid position fell in the $120,000–159,999 range. The charity reported 3 permanent full-time positions.
As a grantmaker, it reported gifts to 2 qualified donees totalling $1M in 2024, the largest being $523K to Villa Colombo Homes for the Aged Inc.. Revenue has grown substantially over its filings on record here, from $812K in 2020 to $2.8M in 2024. Its filed list of directors and trustees shows 8 names.
In its own words
Villa charities foundation formerly the italian canadian charitable foundation toronto district a charitable organization was incorporated in the province of ontario with letters patent without share capital on june 9 1988 and commenced activity january 1990. Its objective is to raise manage and distribute funds primarily though not exclusively to the projects and programs developed by villa charities inc..
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.8M | $1.9M | $105K | $207K | $1.1M | $8M |
| 2023 | $1.2M | $1M | $144K | $19K | $463K | $7.1M |
| 2022 | $546K | $1.4M | $363K | $17K | $590K | $6.8M |
| 2021 | $2.3M | $673K | $165K | $11K | $124K | $7.6M |
| 2020 | $812K | $710K | $77K | $8,752 | $249K | $6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1M to 2 qualified donees:
Received $1M from 15 charities:
- Villa Charities Foundation$501K
- Villa Charities Inc.$250K
- UHN Foundation$215K
- The Ciro and Caterina Gucciardi Charitable Foundation$20K
- The Di Marco Family Foundation$15K
- United Way of Greater Toronto$10K
- WCPD Foundation$10K
- Gary & Maxie Bluestein Charitable Foundation$5,500
- Canadian Online Giving Foundation$2,915
- SCM de Gasperis Foundation$2,500
- J.e. Panneton Family Foundation$2,500
- Coro San Marco Choir Organization$1,880
- The Sam Sorbara Charitable Foundation$1,500
- Canadahelps Canadon$54
- My Tribute Gift Foundation—
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
- $40,000–79,9992 positions
- Permanent full-time positions3
- Total compensation, all staff$272K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Sam Ciccolini (vice chair); Aldo Cundari (director); Nick Torchetti (chair); Toni Varone (secretary); Joseph Arcuri (ex officio); Laura Salvatori (director); Paul Pelegrini (director); John Zerucelli (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Villa Charities Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 893370767RR0001), or read how we compute the receipt.