In 2010, the Pride and Remembrance Foundation was established as a charitable foundation.  The Pride and Remembrance Association was instrumental in its incorporation.

The Foundation’s mandate is to provide financial support to registered charities that benefit the LGBT community.  These benefits may include individual projects, services and/or activities that provide health, educational, legal, social, athletic, cultural or other charitable benefits.

Since 2010, the Foundation has supported the AIDS Committee of Toronto, the Triangle Program of the Toronto District School Board, the 519 Church Street Community Centre, the Canadian Lesbian and Gay Archives, the LGBT Youthline, HALCO, the Women's College Hospital, the Windsor Pride Committee, and others.

The Foundation has also established a scholarship for LGBT students at the University of Toronto and has supported the annual Bill Graham Award.

Tax receipts will be issued for all donations of $20 or more. Registered Charitable Number 828816454 RR0001