PHOTO:CFO Elliot Kazarnovsky (far left) & CEO Benjamin Bakst (far right)

TORONTO, December 23, 2019 – MARLIN SPRING Co-founders CFO Elliot Kazarnovsky and CEO Benjamin Bakst launched MARLIN SPRNG FOUNDATION to support youth-oriented initiatives.  First program partnership is with WE Charity.




First program partnership is with WE Charity

to fund well-being education for young students across Canada

TORONTO, DECEMBER 23, 2019 – CEO Benjamin Bakst and CFO Elliot Kazarnovsky, co-founders of Toronto-based real estate company Marlin Spring, have launched the Marlin Spring Foundation.

This non-profit organization is dedicated to supporting groups with youth-focused mandates in three key areas: education, mental health and youth programming. The Foundation is committed to working with NGOs that have a track record of success.

“Since we launched our real estate business five years ago, we have been dedicated to giving back to the community,” says Benjamin Bakst. “Now, we will be supporting the greater community on a broader level. Our mission is to create lasting change for those that are the most vulnerable, yet have the most potential – our children.”

According to Kazarnovsky, “We will accomplish this in three ways. First, as an international company, Marlin Spring is experienced in various business development initiatives. Through the Foundation, we will work with organizations to offer strategic direction on planning, budgeting and outcomes to achieve optimum success. Essentially, we will utilize our business as a resource in the partnership. The second is through corporate and individual donations, and the third is through volunteers who help facilitate our programs. We take our tagline ‘Together we could change the world’ very seriously.”


At the Gala Launch of the Marlin Spring Foundation, established by the Co-Founders

of Marlin Spring whose objective is to support groups with youth-focused mandates

in three key areas – education, mental health and youth programing. The Foundation’s

first program partnership is with WE Charity. Shown (l-r) Marlin Spring Co-Founder

and CFO Elliot Kazarnovsky; Marlin Spring Foundation Executive Director, Shayna Haddon;

WE Charity Co-Founder, Craig Kielburger and Marlin Spring Co-Founder and

CEO, Benjamin Bakst.

The first partnership is Marlin Spring Foundation’s support of WE Well-being program, a new initiative from WE that empowers people of all ages with tools, resources, and capacity building opportunities to promote and nurture their own positive mental well-being and the mental well-being of their community. WE Well-being takes a proactive approach based on evidence-based mental health prevention and promotion strategies, designed to build a foundation of awareness and taking action. The Marlin Spring Foundation will help deliver WE Well-being into Grade 6 classrooms across Canada. WE is a family of organizations that makes doing good, doable. To learn more visit

Bakst added, “This Foundation’s objective is really a first, since the programming we have outlined has previously been offered only to students at the university level. Our program roll-out will include 70 schools the first year, 500 the next and 5,000 in the third year. The momentum will be incredible.” 

“We know that 70 per cent of mental health problems have their onset during childhood or adolescence and thanks to the Marlin Spring Foundation our new WE Well-being initiative will be able to reach and impact more young people across the country,” said Craig Kielburger, co-founder, WE. “By empowering educators to build a safe and caring environment we will create impact by helping to reduce stigma and other mental health risk factors in the classroom and beyond.”

Executive Director Shayna Haddon is a dedicated youth mentor and volunteer for Covenant House, a mentor for young entrepreneurs and a successful fundraiser for non-profits globally.

For more information on the Marlin Spring Foundation, please



Marlin Spring is a Toronto-based real estate investment firm which strategically acquires, develops, constructs and repositions residential assets throughout North America. Since 2013, Marlin Spring has seen substantial growth having acquired over 30 residential projects, consisting of 8,600 residential units which are currently in various stages of development, construction repositioning and completion across Canada and the United States. With a portfolio of over 8 million square feet of residential GFA and an estimated completion value of over $4 billion, Marlin Spring has been one of the more active investors in both development and the multifamily residential sector. Marlin Spring has over 60 real estate professionals involved in all aspects of the acquisition, development, construction and asset management of its portfolio.

For further information regarding Marlin Spring:

Rivki Mandelbaum, Director, Marlin Spring Corporate Strategy & Communication


T: 416.619.3550 x346


David Eisenstadt, Fellow PRSA, CPRS, Partner, tcgpr (The Communications Group Inc.)


T: 416.696.9900 x36  C: 416-561-5751

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