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Balsam Foundation

Balsam Foundation is a Canadian private foundation based in Toronto, Ontario. It reported gifts to qualified donees in each of the last five reporting years, averaging about $7.5 million a year, mostly to philanthropic, education and health organizations in Ontario.

Giving: Over $1M a year

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Facts

• Reported gifts to qualified donees in each of the last five reporting years, averaging about $7.5 million a year. The most recent was 2023, at about $9.1 million.CRA T3010 charity information returns · 2025-01-31
• Reported 100 gifts in total. The typical gift (median) was about $125,000 and the largest was about $5 million.CRA T3010 charity information returns · 2025-01-31
• Gave to 46 different organizations. The largest recipients by dollars included UHN FOUNDATION, MCMASTER UNIVERSITY and UNIVERSITY HEALTH NETWORK / RÉSEAU UNIVERSITAIRE DE SANTÉ.CRA T3010 charity information returns · 2025-01-31
• By dollars, gifts went mostly to philanthropic (45%), education (20%) and health (17%) organizations, based on each recipient's registered charity category.CRA T3010 charity information returns · 2025-01-31
• By dollars, gifts went to recipients in Ontario (98%).CRA T3010 charity information returns · 2025-01-31
• Describes its charitable programs in its CRA return as: “To receive and maintain a fund or funds and to apply all or part of the principal and income therefrom, from time to time, to one or more qualified donees within the meaning of the Income Tax Act (Canada), as amended from time to time…”CRA T3010 charity information returns · 2025-01-31
• Website: https://balsamfoundation.com/. Last checked 2026-10-25.Funder website · 2026-10-25

Sources

CRA T3010 charity information returns. Last updated 2025-01-31.

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