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Ottawa, ON · Private foundation

Panicaro Foundation

The foundation seeks to acquire by way of grant or gift monies to generate investment income.

C$475k
Granted FY2024still arriving
10
Grants FY2024still arriving
3
Regions reached
C$220k
Largest
01What you fund
01FY2024 · 10 grants

Where the money goes

Your grants by size, and where they go.

By grant size · FY2024

  • Under C$10k5 grants · C$24k
  • C$10k–50k3 grants · C$86k
  • C$50k–250k2 grants · C$365k
C$10,000
Median grant
3
Regions reached
C$6.0M
Total assets
Largest grants
RecipientAmount
Individual grant recipientC$220,000
MCGILL UNIVERSITY SCHULICH SCHOOL OF MUSICC$145,000
ECOJUSTICEC$40,000
ORCHESTRE PHILHARMONIQUE DU NOUVEAU MONDEC$36,000
SAMARA CENTRE FOR DEMOCRACYC$10,000
EARTHROOTS FUNDC$5,000
REALNEWS FOUNDATIONC$5,000
ENVIRONMENTAL DEVENCE CANADAC$5,000
HOT DOCSC$5,000
TORONTO KIWANIS MUSIC FESTIVALC$4,000
02Your edge
repeat funding

Who you back again

Which organizations you funded more than once, and which you funded a single time. Each grantee is matched to its own filings.

95%of every dollar goes to organizations you’ve funded before.
C$2.0M · 19 repeat orgsC$112k to everyone else

And the relationships you keep tend to grow: grantees you re-up on have seen median revenue of +22% since the first grant, against -11% for the ones you funded once.

19 repeat relationships — 7 still active in FY2024, 12 since wound down; 3 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

19
5

Total granted

C$2.0M
C$97k

Median revenue growth · since first grant

+22%
-11%

Still filing today

84%
60%

New vs renewed · share of each year

In FY2024, 97% of grant dollars renewed an existing relationship; C$15k went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

First-time = a grantee’s first year in your filing window; renewed = funded in an earlier year too. As a portfolio matures the renewed share naturally climbs — once funded, an org stays “renewable” — so the signal is the years that buck it (a new-grantee intake wave). The earliest year is left-censored: relationships that predate the data read as “new.”

Backed again, and grew

  • MU
    MCGILL UNIVERSITY SCHULICH SCHOOL OF MUSIC
    6× · 2019–2024 · C$400k · revenue +24%
  • HD
    HOT DOCS
    7× · 2017–2024 · C$249k · revenue +3%
  • NS
    Nova Scotia Gambia Association
    3× · 2017–2019 · C$142k · revenue +17%

Funded once

  • HD
    Hot docs
    one grant, 2018 · C$65k · revenue -7%
  • PO
    PELLEGRINI OPERA
    one grant, 2019 · C$25k · revenue -83% · 64% of their budget
  • SD
    Swim Drink Fish Canada
    one grant, 2018 · C$4k · revenue -38%

Repeat = funded in two or more distinct years; growth and survival are read from each grantee’s own subsequent CRA filings.

03Your field

The map has a center of gravity: the average direction from the rest of the sector toward the organizations the foundation funds — the shape of its giving. Scoring every nonprofit along that direction surfaces the ones that look most like the portfolio. These are the closest matches that aren’t grantees — a resemblance in what they say they do, not a recommendation.

1
L'Institut international de Montréal pour l'environnement / the Montreal international institute for the environment
—
2
The Canadian Climate Forum Le Forum Canadien Du Climat
—
3
The David Suzuki Foundation

The David Suzuki Foundation works through science and education to protect the diversity of nature and our quality of life now and for the future.

—
4
Projet de la réalité climatique Canada / the climate realityproject Canada

Accélérer la mise en oeuvre de solutions à la crise climatiquem en faisant de l'action immédiate une nécessité à tous les niveaux de la société.

—
5
Td Friends of the Environment Foundation

Td friends of the environment foundation (tdfef) is a national charity that funds environmental projects across canada. with the support from our donors td fef has provided more than $117 million to over 29 000 environmental projects and…

—
6
Environment Funders Canada / Philanthropie Canadienne pour l'environnement

All of environment funders canada's programs are designed to expand the scope and effectiveness of grantmaking in support of the canadian environment and to support a vibrant network of philanthropic and other funders working individually…

—
7
Pembina Institute for Appropriate Development

The Pembina Institute promotes public education and information that increases understanding about environmental and global energy issues. We provide research analysis and recommendations to inform policies and practices related to energy…

—
8
Canadian Sport Foundation Fondation canadienne de sport

We deepen public understanding of a selection of intellectual topics in sport and educate the public about them.

—
9
The Canada Prize Awards Foundation

Preliminary planning and preparation for delivery of the canada prize for earth and environmental sciences

—
10
Watersheds Canada
—
11
The Walrus Foundation

The Walrus Foundation publishes independent fact-based journalism fiction and art in The Walrus magazine and at thewalrus.ca. The Walrus stories present a variety of perspectives on the most complex issues of our time focusing on six key…

—
12
Eprf Energy Probe Research Foundation

The foundation conducts and publishes research to educate canadians on environmental issues. it promotes the democratic process by encouraging individual responsibility and accountability and it strives to help canada contribute to global…

—

For reference, the grantee most central to the portfolio’s shape is La fondation Pierre Elliott Trudeau /the Pierre Elliott Trudeau Foundation and the most unlike its peers is Pellegrini Opera. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.

02the grantee network

24 grantees tracked through their own filings, 2017–2024.

Each one resolved to its own CRA returns and tracked year by year — your grant beside their revenue from every source. Association, dated; never a causal claim.

Counted here: distinct organizations you funded across 2017–2024, not grant rows in a single year — so this will not match the grant count on the cover. 24 of the 27 grantees resolved in that span have returns of their own we could reconcile; the rest are funded organizations whose filings we could not track year by year.

5
Load-bearing (≥25% of a budget)
5
Early backer (in before they grew)
22/24
Grantees still filing
13/24
Grew since you first funded

Each org by its size and your share of it — top-left is where you’re load-bearing

25%50%75%100%C$10kC$100kC$1.0MC$10MC$100Mgrantee revenue →↑ your share of their budgetMCGILL UNIVERSITY SCHULICH SCHOOL OF MUSIC — C$400,000 over 6y, 0.0% of budgetHOT DOCS — C$249,000 over 7y, 0.7% of budgetNova Scotia Gambia Association — C$142,000 over 3y, 20% of budgetORCHESTRE PHILHARMONIQUE DU NOUVEAU MONDE — C$118,000 over 7y, 81% of budgetECOJUSTICE — C$91,000 over 4y, 0.3% of budgetFRIENDS OF THE EARTH CANADA — C$70,000 over 3y, 17% of budgetHot docs — C$65,000 over 1y, 0.0% of budgetPierre Elliot Trudeau Foundation — C$50,000 over 2y, 0.4% of budgetSAMARA CENTRE FOR DEMOCRACY — C$41,500 over 8y, 1.2% of budgetPolish Heritage Foundation — C$30,000 over 2y, 51% of budgetLILIANA KOMOROWSKA FOUNDATION OF THE ARTS — C$27,750 over 3y, 40% of budgetGESTAULT INSTITUTE OF TORONTO — C$26,500 over 3y, 2.5% of budgetPELLEGRINI OPERA — C$25,000 over 1y, 64% of budgetRISE ASSET DEVELOPMENT — C$18,000 over 3y, 0.5% of budgetTORONTO KIWANIS MUSIC FESTIVAL — C$10,500 over 3y, 2.0% of budgetSTEPS INITIATIVE — C$9,000 over 2y, 0.7% of budgetOTTAWA RIVER OF LIFE CHRISTIAN CHURCH — C$6,300 over 2y, 1.4% of budgetEARTHROOTS FUND — C$5,000 over 1y, 1.2% of budgetREALNEWS FOUNDATION — C$5,000 over 1y, 33% of budgetENVIRONMENTAL DEVENCE CANADA — C$5,000 over 1y, 0.1% of budgetSwim Drink Fish Canada — C$4,000 over 1y, 0.1% of budgetTRINITY SQUARE VIDEO — C$2,800 over 2y, 0.3% of budgetPark People — C$1,500 over 1y, 0.1% of budgetCenter for Contemporary Canadian Art — C$1,500 over 1y, 22% of budget
Go grantee by grantee — a decade per org, and how each moved after you funded them

A decade per grantee — revenue shaded, your grants as bars, all rows on one timeline.

The grantmakers whose grantees overlap with yours far more than size alone predicts. Each orbits closer the stronger the alignment; the arcs between them show where they also fund each other. Here it reads as a tightly interlocked camp — most of these funders back each other's grantees too.

Toronto FoundationON8× affinity7 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Toronto Foundation · Flavelle Family Foundation · Fondation Philantra Philantra Foundation · The McLean Foundation · Makeway Foundation · Ottawa Community Foundation / Fondation Communautaire d'Ottawa · Nicola Wealth Private Giving Foundation · Canada Gives · Aqueduct Foundation · Rbc Foundation/Rbc Fondation · BenefAction Foundation · United Way of Greater Toronto

Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. A research starting point: overlap is association, not proof of shared intent.

On method. Every financial figure here is read directly from the Canada Revenue Agency’s published T3010 data — your own annual information return and the multi-year returns of the 27 grantees we resolved across every year we hold, several hundred filings in all (a different count from the grant rows on the cover, which are one fiscal year) — each linked to its source. Grantee achievements and outcomes are each organization’s own program description on its T3010; we read these as association with sustained funding — the foundation is one of several forces — suppress low-confidence name matches rather than guess, and say so where a figure rests on a single grant or filing. Not everything on this page is a filed figure, and the difference matters. Filed is what you reported on your return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without a BN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears. How we build these →

Generated from your T3010 annual information return for the fiscal period ending 2024-11-30, as published by the Canada Revenue Agency in 2024. Amounts are Canadian dollars, as filed and never converted. Registered as a private foundation under foundations advancing education.

Source object 891254799:2024-11-30 · View the T3010 on the CRA register

Play a game based on Panicaro’s filings →