annual report 2o17-2o18 - toronto foundation · evergreen future cities centre ($500,000...
TRANSCRIPT
EW
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The New Philanthropy
ANNUAL REPORT 2O17-2O18
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5 INTRODUCTION6 Message from Sharon
7 Board of Directors
9 FOCUS OF OUR WORK10 Toronto’s Vital Signs
12 New Models for Change
23 The Resilient City
27 THE WAYS WE GIVE
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LEADERS AND PARTNERS32 Board Committees
33 Strategic Granting Selection Committees
34 Professional Advisors
36 Fundholders and Donors
51 FINANCIALS
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DINTRODUCTION
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MESSAGE FROM SHARON
THE NEW PHILANTHROPY
Toronto Foundation, as the community foundation for the city, is a cause-neutral centre of philanthropy committed to donor education and engagement. Did you know that 60% of all donations in Canada go to only 1% of charities? We feel it is our role to expose more philanthropists to the great “under the radar” work that is happening at the grassroots.
Over the last year, this approach has
taken many shapes. Whether through
our Good to Give Guide, City Tours
with our Fundholders, or our Toronto’s
Vital Signs Report, which for the first
time used an equity lens to better link
research with philanthropic action.
This lens brought into focus the
growing divide between those who
benefit from wealth and those whose
prospects of financial security, health,
and wellbeing are bleak.
If anything 2017/18 reinforced that we
live in disruptive times. It is easy to get
frustrated or have a sense of futility.
So why is it that we feel more
optimistic than ever? A big reason is
because of our new program called
Vision 2020 that has engaged Millennial
and GenX philanthropists. These 115
young philanthropists represent 72
new foundations in Toronto—a group
that has put a stake in the ground,
making a permanent commitment to
philanthropy by establishing their first
Donor Advised Funds.
As one of our young philanthropists
said, when asked why she wasn’t
waiting to accumulate wealth and
then start giving, “Because I’m selfish.
I want a better city now.”
Our team spent this year working hard
to bring to life our new values of brave
and thoughtful action, humility in our
relationships, and public trust above all.
We believe that the biggest problems
in this city or in this country won’t be
solved by any one institution or any one
donor. We believe that spending time
learning and understanding complex
problems, working from grassroots
up versus top down, will lead to the
solutions needed to make our city,
and our country better.
At the end of the day, community
foundations are in the business of
inspiring radical generosity. We believe
by collaborating and listening to those
most affected we can tackle even the
most intractable problems.
Sincerely,
Sharon Avery President & CEO
7
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We do not solve problems. We all learn to live differently in a way that the problem can no longer exist.”
JEAN VANIER, Author & Humanitarian
2017/18 BOARD OF DIRECTORS
This year we welcomed Bill MacKinnon as our new Board Chair. Bill has served on Toronto Foundation’s Board of Directors for eight years, and as chair of our Finance and Audit Committee. He was previously CEO and chair of KPMG and has a wide variety of corporate and nonprofit board experience. We are delighted to have Bill’s steady hand, tremendous expertise, and keen sense of humour to guide us in our work.
Bill MacKinnon (Chair)
Corporate Director
Neala Barton Vice President,
Communications
and Client Experience
Canadian Institute for
Health Information
Michael Brooks Chief Executive Officer
Real Property Association
of Canada
Ian L. T. Clarke Chief Financial Officer
Greater Toronto
Airports Authority
Claire Duboc Managing Partner
CBT Associates
Rick Goldsmith Retired Partner
KPMG
Edward Greenspon President & CEO
Public Policy Forum
Sue Griggs Leadership Coach
The Coaching
Project Inc.
Sandy Houston President & CEO
Metcalf Foundation
Brenda Lee-Kennedy Partner, Taxation
Price Waterhouse
Coopers Management
Services
Nancy McCain Chair
Arts Access Fund
Dennis Mitchell CEO and CIO
Starlight Capital
André Perey
(Corporate Secretary)
Partner
Osler, Hoskin & Harcourt LLP
Ceta Ramkhalawansingh City of Toronto Corporate
Equity and Diversity Manager
(Retired)
Lola Rasminsky Founding Director
Avenue Road Arts School
John L. Sherrington Investment Banker
Andrew Spence Investment Professional
& Economist
Natalie Townsend Managing Partner
NorthRock Capital
Greg Wilkinson Managing Principal, Ontario
Earnscliffe Strategy Group
Martin Connell (Chair Emeritus)
Sharon Avery President & CEO
Toronto Foundation
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OFOCUS OF OUR WORK
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TORONTO’S VITAL SIGNS 2017
LOOKING AT TORONTO WITH AN EQUITY LENS
What informs how you see the world? Is it your own experiences, what you have been taught, or what you have observed? Or is it your DNA? This year, we chose to look at equity, and explore how it could be used as a lens to look at all of our issue areas in Toronto’s Vital Signs Report.
Specifically, we explored the ways in
which our culture, systems, institutions,
behaviours and mindsets might create
barriers that block some residents
from accessing Toronto’s immense
opportunities. In other words, we
looked at how we can level the playing
field. Understanding the gaps in equity
is the best way to determine where to
focus the attention and resources of
policy-makers, everyday residents,
and philanthropists.
The following questions are guides
we have used, and that you can use
to look at issues in the city. These
responses are from our City Voices
featured in our report. Each individual
shares a little about their Toronto.
WHAT ARE WE STARTING WITH?
“I can be someone who makes an impact on my community.”
Bob Muwanguzi, Chalkfarm
For Bob, Toronto’s trees are a
missed economic and environmental
opportunity. In Uganda, fruit bearing
plants are available to everyone.
Bob envisions a Toronto where public
land is used to grow fresh produce.
As a refugee, it’s Bob’s love for
Canada that drives his vision.
WHAT DO WE EXPERIENCE?
“Sometimes I feel tired and I just want to go to bed early. Why? Because I need to wake up at 4:30 again.”
Edith Usiobaifo, Kingston-Galloway-Orton Park
Every day Edith wakes up at 4:30 a.m.
and drops her son off at daycare
before taking transit. On the best days,
she travels for a total of 6 hours. When
weather is bad, or trains are delayed, it
cuts into her workday. Since she is paid
hourly, she earns less on these days.
WHAT ARE OUR OUTCOMES?
“Food is more than just nutrition: it’s culture, it’s identity. It’s a way of life.”
Rosie Mensah, Jane & Finch
Rosie is an active member of the
Black Creek Food Justice Network
and a masters of public health student.
She grew up at Jane & Finch, where
there is a strong sense of community
and a lot of resilience. It’s also a “food
swamp” – where a high concentration
of fast food exists, with very little
access to nutritious food.
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KEY FINDINGS ON EQUITY
Arts and Culture 60% of those living downtown
have access to the arts but only
37% who live in Scarborough do.
Housing Nearly half of renters spend
more than 30% of their income
on housing, compared to 27%
of owner households.
Learning 15% of TDSB students taking
applied courses drop out of
school before graduating,
compared to only 3% of students
taking academic courses.
Environment Overall, 25% of our city has
tree cover. In Rosedale-Moore
Park, it is 62% whereas in
other neighbourhoods, it is
as little as 7%.
Income & Wealth Toronto is the child poverty capital
of Canada, with over one-in-four children living below the poverty
line. Nearly half of all newcomer
children are living in poverty.
Safety There were 2,258 reported
sexual assaults in 2016, a
30% increase since 2010.
Getting Around More than half of us drive
and it takes 29 minutes or less
to commute. 37% take transit and 30% of those spend more
than an hour to get to work
(7% for drivers).
Leadership, Civic Engagement & Belonging Individuals earning $50,000 per
year on average contribute 2.3%
of their income to charity, compared
to 1.6% of those earning $100,000.
Work On average, racialized men
earn approximately $15,000 less than non-racialized
men; racialized women earn
approximately $10,000 less than non-racialized women.
Health 73% of high-income earners
report good or excellent health
while 48% of low-income earners
report the same. Diabetes rates in
Rosedale-Moore Park are 5% and
17% in Malvern.
Philanthropy has an essential role to play in making Toronto a kinder and more equitable city.
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NEW MODELS FOR CHANGE
Today, 97% – the vast majority – of a Canadian foundation’s assets are invested in traditional investments. This means that for most Canadian foundations, the bulk of their assets are currently not being harnessed to make any kinds of intentional social impact. This represents a major opportunity for foundations to create new impact in Canada.
In 2017, Toronto Foundation shifted our social impact investing work from a pilot program to a core business. Our Board of Directors approved a $10M pool of available funds, and working with our social impact partners at the MaRS Centre for Impact Investing, we made a number of high impact investments this year that address some key issue areas from our Toronto’s Vital Signs Report.
Looking Ahead INVESTMENT FOR SOCIAL GOOD
Thanks to an $818,000 matching grant received from the provincial government, Toronto Foundation will pilot a unique Social Impact Investment Fund in 2018/19 for donors interested in establishing a permanent fund where we maximize every dollar of the investment for social good.
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IMMIGRANT ACCESS FUND ($250,000 loan)
WORK
IAC provides low interest micro loans up to $10,000 for internationally trained professionals to earn their Canadian credentials.
Over 12 years, IAC has had impressive impact outcomes:
For individuals: Average wages go from $15K to $45K, unemployment goes from 40% to 10%, 74.5% end up with a job in their field by the time of repayment.
For society: Increased inclusion and less inequity, filling of labour shortages, and an increased pool of taxes.
EVERGREEN FUTURE CITIES CENTRE ($500,000 construction bridge financing)
ENVIRONMENT/CITY BUILDING
Evergreen is undertaking a major capital redevelopment of the Kilns building at the Evergreen Brick Works. The redeveloped “Future Cities Centre” will be a convening space to support multi-sectoral collaborations to make cities flourish. This initiative is committed to accelerating the transition to a low carbon economy.
NEW COMMONS DEVELOPMENT ($500,000 equity investment)
HOUSING
Community-focused, housing-based nonprofit developer focused on:
Development of new affordable housing
Preservation and repositioning of existing affordable housing
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THE NEW FACE OF PHILANTHROPY
We have been watching the brave and bold actions of many Millennials and GenX’ers with admiration for some time. These are the next generation of leaders who live by the principle that the time for change is now. Not only have we watched, we have also been inspired to find a way to support their need to understand how to make our communities stronger. This is core to the new philanthropy.
The new philanthropy also means providing new tools to Millennials and GenX’ers, so they can respond to the needs in their communities in ways different from the generations before. To this end, we began by asking ourselves:
What new models exist to alter this reality? How can we scale what we know to be effective? Who needs to be at the table? And what will shake us out of the status quo we find ourselves in?
We invited 50 visionary Torontonians to start this journey of learning and giving with empathy with us.
115 millennials and GexX philanthropists showed up. Meet some of our first cohort
of Vision 2020 philanthropists.
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Daryanani-Nakra Family Foundation Deepa Daryanani Sanjay Nakra
Andrée Noiles Memorial Fund Brett Noiles Garrett Noiles Michelle Noiles*
* Missing from photo
Bajaj Family Foundation Niya Bajaj
Aspire Fund Heela Omarkhail
Sarah F. Marion Foundation Sarah Marion
Grassroots TO Fund Michael Trecroce
Bloom Fund Shauna Trainor Keita Demming
Barton Feenstra Family Foundation Neala Barton Mike Feenstra*f
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Carter Foundation Haelie Carter Alex Carter
Curtner Fund Ross Curtner
F & T Catalano Family Fund Teresa Catalano Francesco Catalano
Golberg Family Fund Dan Golberg
Alicia Mathlin and Jarel Cockburn Foundation Alicia Mathlin Jarel Cockburn |
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Glenrose Foundation J.D. Boyes Sarah Lerchs Austen and Dryden Boyes
Goldsmith Jano Family Foundation Alex Goldsmith Natalie Goldsmith
Grislis-Mason Family Fund Brian Mason Lisa Grislis
Gokhale Cheung-Seekit Family Foundation Aneil Gokhale Nicole Cheung-Seekit
Greenspon Fund for a Just City Bailey Greenspon Jacob Greenspon*
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* Missing from photo
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Hygge Fund Samantha Luc Lars Boggild Koel Loyer Family
Foundation Koel Loyer
The Hak Foundation Serena Hak
Lofty Investments Fund Jessica Weisz Dan Jacob
Kilo Foundation Karel Vuong
Kwan Family Foundation Rachael Kwan
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Nagpal Vir Family Foundation Priya Vir Paul Nagpal
Nikore Family Foundation Vipan Nikore
Nayar Foundation Anika Nayar Manish Nayar
NJ Foundation Janey Law Norman Young
Rachel L. Goldberger Fund Rachel Goldberger
McLean Family Foundation Roz McLean
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Riddell Foundation Brandon Riddell Mike Riddell
Zahra and Salimah Ebrahim Family Foundation Zahra Ebrahim Salimah Ebrahim
Sylvia Ng and Kevin Wong Family Foundation Sylvia Ng Kevin Wong
vukets + aujla foundation Raji Aujla Karlee Vukets
Susan Jean Jackson Foundation Josh Jackson
YT Foundation Yen To
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Reset Foundation Elisa Levi
REDEFINING PHILANTHROPY, ACCELERATING CHANGE
WHO ARE THEY?
Single Married Couples Siblings Friends
41% Millennial
59% GenX
50% Men
50% Women
100% cohort members have fulfilled their initial pledge requirement
29% have exceeded their requirement
76% want to unlock the matching funds (by increasing their fund balance
from $10K to $20K)
WHAT INDUSTRIES DO THEY WORK IN?
Accounting
Advertising
Arts and Culture
Customer Service
Finance
Government
Insurance
Investment
Journalism/Media
Law
Marketing/Communications
Medicine/Medical Research
Mining
Nonprofit
Pharmaceutical
Policy
Real Estate
Social Finance
Solar Energy
Technology
Telecommunications
Wellness
IHOW VISION 2020 WORKS
We invited visionary Torontonians who were willing to be part of the next generation of philanthropy in our city.
what we asked for:
$10K OVER 2 YEARS
This created a permanent endowment
(capital invested, annual grants from
investment returns).
THEY GOT THEIR OWN FOUNDATION.
And they got to
choose the name.
That’s it.
If they double their initial gift with another
$10KFROM THEIR FAMILY, EMPLOYER, FRIENDS, OR THEMSELVES
we’ll unlock an additional
$10KFOR FLOWTHROUGH GRANTING.
$
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$
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$
$$
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THE RESILIENT CITY
In May 2016, Toronto was named one of the Rockefeller Foundation’s 100 Resilient Cities, making it part of a growing global community that’s working together to build urban resilience.
A resilient city is one that has the
ability to survive, adapt and grow
while meeting the physical, social
and economic challenges of the
21st century.
In partnership with the City of
Toronto’s Chief Resilience Officer,
we have been working with 10
anchor organizations across the city,
supporting their ongoing work to
make neighbourhoods more resilient.
We provided grants to these
organizations to work with resident
groups or ‘Resilience Labs’ to work
together to define what resilience
means in their own context, and fund
their own self-directed project.
Our Vision 2020 philanthropists
have been given the opportunity to
join these Resilience Labs, to learn
about community development at
a grassroots level face-to-face.
See some of their reflections
on the next two pages.
“Philanthropy can allow communities to experiment with innovative ways to make their communities stronger and more resilient; it helps them experiment and have a safety net to fail when uncovering the best solutions to local problems." BAILEY GREENSPON, Greenspon Fund for a Just City (Vision 2020)
NEIGHBOURHOOD RESILIENCE LABS PARTNERS
Agincourt Community
Services Association
Black Creek Community
Health Centre
Boys & Girls Club
of East Scarborough
East Scarborough Storefront
(Trustee: Tides Canada Initiatives)
North York Community House
Parkdale-Activity Recreation Centre
Rexdale Community Health Centre
Scadding Court Community Centre
The Neighbourhood Organization
(formerly Thorncliffe
Neighbourhood Office)
Toronto Aboriginal Support Services
Council (Trustee: Native Child and
Family Services of Toronto)
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NORTH YORK COMMUNITY
HOUSE
REXDALE COMMUNITY HEALTH CENTRE
THE NEIGHBOURHOOD ORGANIZATION
BLACK CREEK COMMUNITY HEALTH CENTRE
PARKDALE- ACTIVITY RECREATION CENTRE
SCADDING COURT COMMUNITY CENTRE
TORONTO ABORIGINAL SUPPORT SERVICES COUNCIL
Rexdale-Kipling
Population 10,529 4,229 people per square km Top three non-English languages are Spanish, Italian, & Urdu 18% of the population is low income*• Resilience Lab Partner:
Rexdale Community Health Centre • Focus: Food Security
I gained a new perspective on food insecurity and the confluence of factors that come together to create it. Community members spoke of their challenges around food quality, selection, and ethnic choices which I expected, but they also taught me the role that hours, proximity to other services, and transportation options play in accessing food. SARAH MARION, Sarah F. Marion Foundation (Vision 2020)
ParkdalePopulation 21,849 9,583 people per square km Top three non-English languages are Tibetan, Polish and Tagalog 30% of the population is low income*• Resilience Lab Partner:
Parkdale-Activity Recreation Centre • Focus: Women in Activism
I was honoured to have had the opportunity to join the team at P.A.R.C. at their session for women in the Parkdale community as they begin their journeys as activists and leaders to make meaningful, lasting change – especially for newcomer communities. NIYA BAJAJ, Bajaj Family Foundation (Vision 2020)
AGINCOURT COMMUNITY SERVICES ASSOCIATION
BOYS & GIRLS CLUB OF EAST
SCARBOROUGH
EAST SCARBOROUGH STOREFRONT
NEIGHBOURHOOD RESILIENCE LABS PARTNERS
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*Low Income Measure Threshold (LIM-AT) is $22,133 per 1 person household, $44,266 per a four-person household. Based on 2016 Census Neighbourhood Profiles from City of Toronto.
West HillPopulation 27,392 2,856 people per square km Top three non-English languages are Tamil, Tagalog and Bengali 25% of the population is low income*• Resilience Lab Partner:
Boys & Girls Club of East Scarborough • Focus: Education
Community members have the willingness and the know-how to effect positive change at a grassroots level, but they often face many obstacles in their pursuit. I’m learning about these obstacles, and we’re beginning to work together with communities to provide the support needed. MARK KIYONAGA, Mark Kiyonaga and Arielle Rinaldi Foundation (Vision 2020)
Thorncliffe Park
Population 21,108 6,787 people per square km Top three non-English languages are Urdu, Pashto & Persian (Farsi) 46% of the population is low income*• Resilience Lab Partner:
The Neighbourhood Organization • Focus: Seniors and Youth
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WTHE WAYS WE GIVEGI
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TTHE WAYS WE GIVE
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Together with our Fundholders, more than $13M was contributed to 747 charitable organizations across Canada in 2017/18. Toronto-focused organizations, many of which are working to address issues surfaced in Toronto’s Vital Signs, received $8.3M.
An additional $5.4M was contributed to support the operation of three sports facilities created for the Pan Am/Parapan Am Games.
$8.3M CONTRIBUTED ACROSS TORONTO
GRANTS BY REGION TORONTO
$8.3M NATIONAL
$2.6M OTHER ONTARIO
$1.3M REST OF CANADA
$0.6M INTERNATIONAL
$0.5M*The majority of national organizations supported are headquartered in Ontario, and as a result, impact regionally as well as nationally.
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TORONTO FOUNDATION STRATEGIC GRANTING AND PROGRAMS ($000'S)
Ongoing Special Initiatives Recipe for Community 100
Beyond 3:30 125
Toronto Sport Leadership Program 50
Toronto Neighbourhood Resilience Project 115
Total 390
One-time Special Initiatives Staff Choice Grants 125
Welcome Fund for Syrian Refugees 545
Total 670
Grant Streams Vital Ideas & Leadership 382
Vital Youth 148
Total 530
Programs Pan Am Path 350
Social Capital Research 78
Total 428
TOTAL $2,018
TOTAL GRANTING BY VITAL SIGNS ISSUE AREA
GAP BETWEEN RICH & POOR
7.4% SAFETY
3.5% LEARNING
16% HOUSING
6.3%
GETTING AROUND
0%
ARTS & CULTURE
11.2% ENVIRONMENT
3.6% WORK
0.5%
BELONGING & LEADERSHIP
20.2%
HEALTH & WELLNESS
31%
GRANTS BY TYPE
DONOR-LED GRANTS
$11.7M FOUNDATION-LED STRATEGIC GRANTS
$1.6M TOTAL VALUE OF GRANTS MADE IN 2017/18
$13.3M
Thank you to the many Fundholders
and Community Foundations of Canada
that contributed $125,000 and
$695,000, respectively, to make
our Strategic Initiatives possible.
Through the Welcome Fund for Syrian
Refugees and Community Foundations
of Canada we are helping Syrian
refugee families access affordable
housing in partnership with:
City of Toronto
COSTI Immigrant Services
Polycultural Immigrant and
Community Services
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ARALEADERS & PARTNERS
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( , )
2017/18 BOARD COMMITTEES
Community Initiatives Committee
Sue Griggs, Chair
Rick Goldsmith
Edward Greenspon
Nancy McCain
Bill MacKinnon, Ex-officio
Ceta Ramkhalawansingh
Lola Rasminsky
Natalie Townsend
Greg Wilkinson
Sharon Avery, Ex-officio
Julia Howell, Staff
Tyler Demers, Staff
Sara Krynitzki, Staff *
* on maternity leave
Investment Committee
Ian L. T. Clarke, Chair
Robert Bertram **
Michael Herrera, Ex-officio **
John B. MacIntyre **
Bill MacKinnon, Ex-officio
James Meadows **
Dennis Mitchell
Jane Rowe **
John L. Sherrington
Andrew Spence
Sharon Avery, Ex-officio
Denise Arsenault, Staff
Mark Heazle, Staff
** non-Board member
Finance & Audit Committee
Bill MacKinnon, Chair
Michael Brooks
Ian L. T. Clarke
Elizabeth Gitajn **
Dan Golberg **
Brenda Lee-Kennedy
André Perey
Sharon Avery, Ex-officio
Denise Arsenault, Staff
Mark Heazle, Staff
Social Impact Investment Committee
John L. Sherrington, Chair
Neala Barton
Claire Duboc
Rick Goldsmith
Harvey Griggs **
Sandy Houston
Bill MacKinnon, Ex-officio
André Perey
Sharon Avery, Ex-officio
Denise Arsenault, Staff
Nadien Godkewitsch, Staff
Governance Committee
Michael Brooks, Chair
Ian L. T. Clarke
Bill MacKinnon
André Perey
John L. Sherrington
Natalie Townsend
Sharon Avery, Ex-officio
Denise Arsenault, Staff
( )
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STRATEGIC GRANTING SELECTION COMMITTEES
Our strategic grant streams (Vital Youth and Vital Ideas and Leadership) awarded
grants to leading high-impact charitable organizations in Toronto that address
issues identified in the Toronto’s Vital Signs Report. Applications were assessed
according to grant-making best practices and Selection Committees made up of
past recipients, Fundholders, Professional Advisors and community leaders met to
recommend the allocation of available funds to the Foundation’s Board of Directors.
Vital Youth Selection Committee
Neala Barton
Vice President, Communications and Client Experience, Canadian Institute for Health Information
Toronto Foundation Board of Directors
Toronto Foundation Fundholder – Barton Feenstra Family Foundation *
Ginny Bellwood
Retired Public Relations Professional
Toronto Foundation Fundholder – Waisberg/ Bellwood Charitable Fund
Deepa Daryanani
Independent Consultant and Community Volunteer
Toronto Foundation Fundholder – Daryanani-Nakra Family Foundation *
Meighan Ferris-Miles
Toronto Foundation Fundholder – The Noah John Winston Miles Fund
Angela Fusco
Actor
Toronto Foundation Legacy Society Member
Candice Jay
Vice-President, Pembroke Private Wealth Management Ltd.
Professional Advisor
Melissa Martin
Director, St. Michael’s Hospital Foundation
Community Volunteer
Lenard See
Manager, Youth Settlement Services – WoodGreen Community Services
Past Grant Recipient
Amina Yassin-Omar
Former Manager, Community Services – Culturelink Settlement Services
Past Grant Recipient * Vision 2020
Vital Ideas and Leadership Selection Committee
Sabina Vohra-Miller
Toronto Foundation Fundholder – Vohra-Miller Foundation *
Cathy Richards
Entrepreneur
Toronto Foundation Fundholder – Cathy J. Richards Friends & Family Fund *
Tammy Marsh
Toronto Foundation Fundholder – Marsh Family Foundation
Megan Towers
Executive Director, Strategy, john st. advertising
Community Volunteer
Leigh Godbold
Director of Development and Communications, The Stop
Past Grant Recipient
Helton Achaye
Settlement Manager, Matthew House
Past Grant Recipient
Pramila Javaheri
Manager, Community Initiatives, Agincourt Community Services Association
Past Grant Recipient
Nicole Mills
Toronto Foundation Fundholder – Tishan and Nicole Mills Foundation *
PROFESSIONAL ADVISORS
Professional Advisors can ensure that charitable giving plays a meaningful role in overall financial planning and help bring philanthropic goals to life.
Yeti Agnew Yeti Law (Law)
Tammy Anklewicz Fogler Rubinoff LLP (Law)
Nino Ardizzi, HollisWealth Advisory Services Inc. (Wealth Management)
Carole Aronovitch, Wealthmapping Inc. (Wealth Management)
Anthony Arrell Burgundy Asset Management Ltd. (Wealth Management)
Risa Awerbuck Torkin Manes LLP (Law)
Mike Baker Leith Wheeler Investment Counsel Ltd. (Wealth Management)
Ismail Barmania Barmania Lawyers (Law)
Gwen Benjamin Wilson Vukelich LLP (Law)
Peter Bennett BluePrint Wealth and Estate Planning Inc. (Wealth Management)
Jack Bergmans Bequest Insurance (Insurance)
Maureen Berry Fasken (Law)
Linda Betts Heritage Wealth Strategy Group (Law)
Sarah Bull KJ Harrison (Wealth Management)
Dennis Caponi D.F. Caponi Insurance Agencies Ltd. (Insurance)
Alex Carter Assante Capital Management Ltd. (Wealth Management)
Tim Cestnick Our Family Office Inc. (Accounting)
Joel Clark KJ Harrison (Wealth Management)
Rick Claydon Stonegate Private Counsel (Wealth Management)
Michael Cooksey BMO Harris Private Banking (Wealth Management)
Frank Creaghan Creaghan McConnell Group (Insurance)
Sheila Crummey McCarthy Tétrault LLP (Law)
Nicole D’Aoust Miller Thomson LLP (Law)
Douglas Davis Davis Rea Ltd. (Wealth Management)
Jeffrey Dawson Jeffrey Dawson Insurance Agencies Ltd. (Insurance)
Gregory Deacon Deacon Kalata (Insurance)
Michael Decter LDIC Inc. (Wealth Management)
Kiki Delaney Delaney Capital Management Ltd. (Wealth Management)
Joanne Dereta Stonegate Private Counsel (Wealth Management)
Scott Dickenson Northwood Family Office (Wealth Management)
Mary Louise Dickson Dickson Appell (Law)
Judy Dore Bequest Insurance (Insurance)
Lori Duffy WeirFoulds LLP (Law)
Ambie Edgar-Chana Edgar-Chana Law (Law)
Michael Ellis RBC Dominion Securities (Wealth Management)
Jessica Feldman Bales Beall LLP (Law)
Margaret Franklin BNY Mellon Wealth Management (Wealth Management)
Layth Gafoor Lucentem Sports & Entertainment Law (Law)
Scott Gibson E.E.S. Financial Services Ltd. (Wealth Management)
Genevieve Giroday Giroday Law (Law)
Robert Goldberger Richardson GMP Limited (Wealth Management)
Jamie Golombek CIBC (Wealth Management)
Geoffrey Gouinlock Nexus Investment Management Inc. (Wealth Management)
Randy Gunn BNY Mellon Wealth Management (Wealth Management)
Serena Hak Stonegate Private Counsel (Wealth Management)
Mark Halpern WEALTHinsurance.com(Insurance)
Gwen Harvey BridgeWater Family Wealth Services (Insurance)
Lindsay Histrop Gardiner Roberts LLP (Law)
Elena Hoffstein Fasken (Law)
Eric Hoffstein Minden Gross LLP (Law)
Referred a Fundholder
Fundholder
Legacy Society Member
34
Emily Hubling Fasken (Law)
Ian Hull Hull & Hull LLP (Law)
Ahmed Ismail Influencers PR (Wealth Management)
Candice Jay Pembroke Private Wealth Management (Wealth Management)
James Johnson Signal Hill Equity Partners (Wealth Management)
Diane Karnay Wilson Vukelich LLP (Law)
Heather Keachie Mills & Mills LLP (Law)
Hilary Laidlaw McCarthy Tétrault (Law)
Michael Lakhani TMFD Financial (Wealth Management)
Mark Landers Northridge Financial Group (Wealth Management)
Susan Latremoille The Latremoille Group, Richardson GMP (Wealth Management)
Brenda Lee-Kennedy PricewaterhouseCoopers (Accounting)
Mo Lidsky Prime Quadrant (Wealth Management)
Koel Loyer Stonegate Private Counsel (Wealth Management)
Barrett Lyons Northwood Family Office (Wealth Management)
Mary Main Keyser Mason Ball LLP (Law)
Lucinda Main Beard Winter LLP (Law)
Susan Manwaring Miller Thomson LLP (Law)
Michael Marcovitz Michael Marcovitz Group, TD Wealth Private Investment Advice (Wealth Management)
Belinda Mark Hilborn LLP (Accounting)
William Martin William D. Martin, BA, LLB (Law)
Jill McAlpine PricewaterhouseCoopers (Accounting)
Marty McConnell Creaghan McConnell Group (Insurance)
Tom McCullough Northwood Family Office (Wealth Management)
David McWhirter Adams & Miles LLP (Accounting)
Maureen Monaghan Monaghan Barristers and Solicitors (Law)
Chris Moynes ONE Sports & Entertainment Group (Wealth Management)
Gillian Musk BMO Harris Private Banking (Wealth Management)
James Myers Myers Tsiofas Norheim LLP (Accounting)
Paul Nazareth Canadian Association of Gift Planners (Wealth Management)
Jeff Noble BDO Canada LLP (Wealth Management)
David O’Leary Kind Wealth (Wealth Management)
Margaret O’Sullivan O’Sullivan Estate Lawyers LLP (Law)
Nino Pannozzo Assante Capital Management Ltd. (Accounting)
Charlotte Paul Raymond James (Wealth Management)
Charlie Pielsticker C.A. Pielsticker Insurance Agency Ltd. (Insurance)
Ted Polci First York Insurance Agency Limited (Insurance)
Heidi Rankin BMO Private Banking (Wealth Management)
Ted Rechtshaffen TriDelta Financial (Wealth Management)
Marvi Ricker BMO Harris Private Banking (Wealth Management)
Julia Roudakova WEALTHinsurance.com (Wealth Management)
Chris Rugel Hampton Securities Limited (Wealth Management)
Mike Saron CIBC Wood Gundy (Wealth Management)
Preben Schmidt Preben Schmidt Law Office (Law)
Russell Schmidt Informoney Inc. (Wealth Management)
Michael Shulman Birchwood Group (Wealth Management)
Leslie Slater Hillborn LLP (Accounting)
Natasha Smith Miller Thomson LLP (Law)
Irene So RBC Dominion Securities (Wealth Management)
Alexandra (Ali) Spinner Crowe Soberman (Accounting)
Amanda Stacey Norton Rose Fulbright (Law)
Keith Thomson Stonegate Private Counsel (Wealth Management)
David Toyne Steadyhand Investment Funds (Wealth Management)
Shauna Trainor The Covenant Group (Wealth Management)
Laura Tyrrell Laura M. Tyrrell Barrister & Solicitor (Law)
Timothy Unwin JAMS (Law)
Andrew Valentine Miller Thomson LLP (Law)
Tom Vandewater ScotiaMcLeod (Wealth Management)
Lorraine Varga Rosenswig McRae Thorpe LLP (Accounting)
Marissa Verskin Crowe Soberman (Law)
Edward Waitzer Stikeman Elliot LLP (Law)
Geoffrey Warren Giroday CA (Accounting)
Corina Weigl Fasken (Law)
Eric Weir Northwood Family Office (Wealth Management)
Jin Wen Grant Thornton LLP (Accounting)
Dianne White Nexus Investment Management Inc. (Wealth Management)
Shelley Williams BMO Nesbitt Burns (Wealth Management)
Dale Williams WBM Partners LLP (Accounting)
Karen Windischmann Manulife Securities (Wealth Management)
Nicole Woodward Dentons (Law)
35
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NEW FUNDHOLDERS THIS YEAR*
*list does not include Vision 2020 Funds
Individuals, families, corporations, other charitable organizations and governments have made the most of their philanthropy by establishing new Funds at Toronto Foundation this year.
We offer a variety of Fund options to provide the best vehicle to achieve a Fundholder’s unique philanthropic goals.
“One of our motivations behind joining Vision2020 is to continue our families’ legacies in a way that makes most sense to both Priya and I in a country that we now call home. We are excited to see how with each generation our foundation evolves as we learn more about how to best give and what causes to give to.” PAUL NAGPAL, Nagpal Vir Family Foundation (Vision 2020)
AIDS Committee of Toronto
Anita Unruh Award
Arsenault Fund
Barrie Community Foundation
Bill and Sandie Fund (Vital Toronto Fund)
Bob McArthur and Harumi Inokuchi Fund
Buchman Fund
Canadian Lesbian and Gay Archives
Cubecom Foundation
Cunningham Family Endowment Fund
Dan and Mary Cornacchia Foundation
Dandelion
Davies Takacs Fund
Diane and Steven Clendenan Fund
Dream Legacy Foundation
Drs. Bob Frankford and Helen Breslauer Charitable Fund
Edward Greenspon Fund
Forever Smiles Fund
Gregg Moynagh Memorial Fund
Griggs Family Foundation Fund
Howell Bullock Family Foundation
John Colosimo Family Foundation
Legacy Art Project Fund
Lynn Bevan Fund
Marsh Family Foundation Fund
Martin Atkinson Foundation
McKenzie Foster Foundation
Michael Higgins Foundation
Narayan Puran Shanti Fund
NTF Fund
Palm Holdings Charitable Foundation
Paul G. Russell and Robert L. Jeffrey Foundation
Pejcinovski Family Memorial Fund
Pitch4Pete Foundation
Red Jacket Fund for Children and Dance
Russell Mathew & Scott Ferguson Fund
Sport for Development Fund
Strengthening TCH Communities Fund
Tishan and Nicole Mills Foundation
Up the Ante Fund
Vohra-Miller Foundation
Anonymous (1)
( )
37
Vision 2020*
*All funds are Permanent Endowments
Alexander Foundation
Alicia Mathlin and Jarel Cockburn Foundation
Andrée Noiles Memorial Fund
Ashley & Michael Barrett Family Foundation
Aspire Fund
Bajaj Family Foundation
Barton Feenstra Family Foundation
Basa Foundation
Bloom Fund
Buchman 2020 Fund
Carter Foundation
Cathy J. Richards Friends & Family Fund
Cedric and Beau Connell Foundation
Cory Family Fund
Curtner Fund
Daly Morris Foundation
Daryanani-Nakra Family Foundation
David McAnoy Foundation
Equity Foundation
F & T Catalano Family Fund
Glenrose Foundation
Gokhale Cheung-Seekit Family Foundation
Golberg Family Fund
Goldsmith Jano Family Foundation
Good Luck Foundation
Grassroots TO Fund
Greenspon Fund for a Just City
Grislis-Mason Family Fund
Hochglaube Gandy Family Fund
Holtz-Allemang Family Foundation
Hygge Fund
JS Fund
Kilo Foundation
Koel Loyer Family Foundation
Kwan Family Foundation
Lau Foundation
Lentilberry Fund
Lofty Investments Fund
Mark Kiyonaga and Arielle Rinaldi Foundation
Mark Landers and Marcy Stephens Foundation
Matawi Foundation
McLean Family Foundation
Melani and David O’Leary Foundation
Mencius Foundation
Mona Abouali Memorial Fund
Nagpal Vir Family Foundation
Nayar Foundation
Nguyen Family Foundation
Nikore Family Foundation
NJ Foundation
Pooja & Anish Kirpalani Fund
Rachel L. Goldberger Fund
Rawji Simone Family Foundation
Reset Foundation
Ritchie Peters Foundation
Riddell Foundation
Sarah and Amar Bhalla Foundation
Sarah F. Marion Foundation
Scollard Foundation
Susan Jean Jackson Foundation
Sylvia Ng and Kevin Wong Family Foundation
Tchao Langelo Family Foundation
The Hak Foundation
Tishan and Nicole Mills Foundation
VBX Fund
Vohra-Miller Foundation
vukets + aujla foundation
Werry Family Fund
Wright Family Foundation
YT Foundation
Zahra and Salimah Ebrahim Family Foundation
Zimmel Family Foundation
“Charlie’s FreeWheels has been successful in developing a program model and space that increases access to bicycles and bike education for youth from across Toronto. Building upon this success and with the
support of the Toronto Foundation’s Vital Youth program, Charlie’s has been able to further empower and engage youth to take on leadership positions in the development of programs at Charlie’s FreeWheels while also gaining meaningful employment experiences in the cycling sector.” ALIX AYLEN, Executive Director, Charlie’s FreeWheels
38
INDIVIDUAL AND FAMILY FUNDS
DONOR ADVISED FUNDS
A Donor Advised Fund allows the maximum flexibility to direct grants to any registered Canadian charity and the confidence of knowing that all of the back office work will be taken care of by the Foundation.
100 Strong Foundation
7 Days in May Foundation
Ada W. Slaight Fund
Alex and Carolyn Drummond Foundation
Alex Padulo Memorial Foundation
Alexander Foundation
Alicia Mathlin and Jarel Cockburn Foundation
Altair Fund
Andrea Miller Fund
Andrée Noiles Memorial Fund
Andrew and Lynn Torres Foundation
Andrew Chisholm and Laurie Thomson Fund
Angela Longo Leadership Fund
Anita Unruh Award
Ann and Bud Brown Foundation
Annabel Slaight Lake Simcoe Fund
Anne Y. Lindsey Fund
Armstrong Foundation
Arsenault Fund
Artaflex Inc. Fund
Ashley & Michael Barrett Family Foundation
Aspire Fund
AstraZeneca Canada Inc. Endowed Research Fund
Augustine Family Fund
Aurora Community Fund
Avery Family Foundation Fund
Bajaj Family Foundation
Barry and Jane Hayes Memorial Fund
Barton Feenstra Family Foundation
Basa Foundation
Begonia Fund
Ben Globerman Memorial “Running to Daylight” Foundation
Bertram Family Fund
Beth Malcolm Family Fund
Betty and Chris Wansbrough Family Foundation
Bhalla Fund
Bill Morneau & Nancy McCain Foundation
Bloom Fund
BMW Group Canada Employee Fund
Bob McArthur and Harumi Inokuchi Fund
Brayley Family Fund
Brent & Lynn Belzberg Fund
Brettany’s Legacy: The Brettany Biggs Fund
Brown-Nusbaum Family Fund
Bruce Blackadar Last Call Fund
Bryant & Soul Family Fund
Bryon Wilfert Fund
Buchman Fund
Calamor Fund
Canada Company Scholarship Fund
Canada Post Literacy Fund
Carman and Margaret Lewis Fund
Carole Aronovitch Foundation
Carruthers Family Fund
Cary-Ellen Mackenzie Memorial Fund
Catherine Logan Fund
Cathy J. Richards Friends & Family Fund
Cavelti Family Foundation
Cedric and Beau Connell Foundation
CFNY Youth Fund
Charles and Joyce Ramsay Fund
Cheesbrough Family Fund
Chimanlal & Shardaben Shah Foundation
Choir! Choir! Choir! Foundation
Claire and Marty McConnell Family Fund
Clarke Family Foundation
Clayton Gyotoku Fund
Coady Nyman Family Fund
Collombin Family Fund
Constance and David Roseman Fund
Cook Sayeed Callender Fund
Coral and Bill Martin Family Foundation
Cornelis van de Graaff and Terence Clarkson Foundation
Cory Family Fund
39
Cubecom Foundation
Cunningham Family Endowment Fund
Curtner Fund
Daly Family Charitable Foundation
Daly Morris Foundation
Dan and Mary Cornacchia Foundation
Dandelion
Daryanani-Nakra Family Foundation
David Kenny Fund
David McAnoy Foundation
Davies Takacs Fund
Denham Family Fund
DeRo Foundation
Diane and Don McQuaig Foundation
Diane and Steven Clendenan Fund
Don and Denyse Green Family Foundation
Don and Shirley Martin Fund
Don Haig Foundation
Donley Family Foundation
Donna Cappon Memorial Breast Cancer Fund
Donovan Hill Foundation
Dorothy and Oscar Rogers Foundation
Douglas Maurice Simmonds Charitable Fund
Dr. Albert Wolf Silver Memorial Fund
Dr. John Jameson Memorial Fund
Dr. William A. Weir & Dorothy Elliott Weir Family Foundation
Dr. William A. Weir & Dorothy Elliott Weir Memorial Fund
Dream Big Foundation
Dream Legacy Foundation
Drs. Bob Frankford and Helen Breslauer Charitable Fund
Du Sablon-Lank Family Foundation
Duane Livingstone Family Fund
Duboc Family Foundation
Duncan and Lesley Hawthorne Fund
EDAC Legacy Scholarship Fund
Edward A. Tory Fund
Edward Greenspon Fund
Edward I. Unger Fund
Eleanor & Francis Shen Family Fund
Elspeth Heyworth Bursary Fund
Elvino and Linda Sauro Fund
Emerson Stajan Foundation
Emmett & Leo Fund
Emmy Duff Scholarship Foundation
Equity Foundation
Erica Shuttleworth Fund
Ernest and Hilda Hubbard Foundation
Ernie Crossland Environmental Scholarship Fund
Eva’s Thanksgiving Fund
F & T Catalano Family Fund
Findlay Family Foundation
Fitness Institute Foundation Fund in Memory of Lloyd Percival
Francine & Robert Barrett Fund
Frank and Sheelagh Creaghan Family Fund
G. W. Squibb Family Endowment Fund
Gamma Phi Beta Alpha Tau (McGill) Scholarship Fund
Gartley Family Foundation
Geoffrey and Edith Wood Charitable Fund
Geoffrey B. Scott Memorial Fund
George and Mary Turnbull Family Foundation
Gerald Conway Fund
Geringas Scholarship Foundation
Gerry and Anita Smith Family Foundation
GH Wood Charitable Fund
GH Wood Legacy Fund
GHW Memorial Fund
Glenn and Denise Weir Family Foundation
Glenrose Foundation
Gokhale Cheung-Seekit Family Foundation
Golberg Family Fund
Goldie Feldman Fund
Goldsmith Jano Family Foundation
Good Luck Foundation
Gord Downie & Chanie Wenjack Fund
Gordon Mollenhauer Family Foundation
Goring Family Foundation
Grassroots TO Fund
Greenspon Fund for a Just City
Greg Bond Musical Theatre Fund
Gregg Moynagh Memorial Fund
Griggs Family Foundation
Grislis-Mason Family Fund
Hallward Fund
Halsall Family Foundation
Heal Family Trust
Howard and Diane Taylor Family Fund
Howell Bullock Family Foundation
Hygge Fund
Imagine Fund
Imran Jaffer Foundation
Iva and Garfield Payne Fund
Jack and Anne Mollenhauer Family Foundation
Jake Thompson Memorial Fund
James and Alfreda Parlee Fund
James Lindala Family Foundation
Jane & Donald Wright Fund
Janet & Herb Tanzer Charitable Fund
Janet and Douglas Davis Fund
Jay & Jan Gould Family Fund
Jean V. and Rodney C. Payne Memorial Fund
Jeffrey B. Rubinoff Fund
Jeffrey Dawson and Janice James Foundation
JG Foundation
Jim and Doreen Doherty Fund
Jitendra & Anita Mistry Foundation
Joan McCalla Fund
John & Dorothy McSherry Fund
John and Amanda Sherrington Fund
John and Christine Currie Foundation
John and Jocelyn Barford Family Foundation
John and Marie Levitt Foundation
John Colosimo Family Foundation
John Kenny Fund
John S. and Joan P. Ridout Fund
John Thomas Murphy Memorial Fund
Johnson Family Fund
Jon and Nancy Love Foundation
Jonathan and Stephanie Clarke Memorial Fund
Jo’s Snowflake Fund
Joubin/Selig Family Fund
Joy Levine Foundation
JS Fund
40
K.I.D.S. Fund
Karen and Bill Barnett Fund
Kate and Tom Taylor Fund
Keith and Martha Wake Family Foundation
Keith, Tanja and Kiera Thomson Fund
Ken & Ann Watts Foundation
Kevin Burke Family Foundation
Kideckel Robbins Family Foundation
Kiessling/Isaak Family Foundation
Kilo Foundation
Koehler Family Fund
Koel Loyer Family Fund
Kriekle Family Fund
Kriss Family Fund
Kuttis Family Fund
Lady Ophelia Fund
Lakhani Family Charitable Foundation
Langford Family Foundation
Lau Foundation
L’Avenir Foundation
Lay Family Foundation
Lee and Patrick Howe Family Foundation
Legacy Art Project Fund
Lentilberry Fund
Lifeline Syria Fund
Lighthouse Foundation
Linda and Steve Lowden Fund
Liphardt Charitable Fund
Lisa’s Legacy: The Lisa Montanera Fund
Lofty Investments Fund
Lorne and Orma West Fund
Lycklama Family Fund
Lynn Bevan Fund
MacFeeters Family Fund
Main Family Fund
Manny Cabral Memorial Fund
Margaret and Gordon Fleming Fund
Margaret Sisley Fund
Margaret’s Joy Fund
Marilyn and David Gluskin Fund
Mariwal Fund
Mark Kiyonaga and Arielle Rinaldi Foundation
Mark Landers and Marcy Stephens Foundation
Marsh Family Foundation
Marsha & Aubrey Baillie Fund
Martin Atkinson Foundation
Martin Connell and Linda Haynes Fund
Martin Davies Memorial Fund
Matawi Foundation
Mayor’s Endowment Fund for the Arts - Richmond Hill
McKenzie Foster Foundation
McKerroll Family Fund
McLaughlin/Costigan Fund
McLean Family Foundation
McQuaid Harbell Fund
McSherry Family Fund
Melani and David O’Leary Foundation
Melman Childhood Cancer Fund
Mencius Foundation
Michael & Christine Selim Foundation
Michael B. Decter Foundation
Michael Budman and Diane Bald Family Foundation
Michael Higgins Foundation
Mike James Memorial Foundation
Miller-Cammidge Fund
Mississauga Lifeline Syria Fund
Moir Family Foundation
Morningstar Fund
Moynes Family Fund
Mrs. Joan H. Miller Scholarship Fund
MSW 2017 Fund
Mulamoottil Family Foundation
Murray & Susan Armitage Foundation
Nachiket Children’s Literacy Foundation
NAE Fund
Nagpal Vir Family Foundation
Narayan Puran Shanti Fund
Nayar Foundation
Neighbourhood Innovations Fund
Neil and Shirley Macdougall Fund
Nesbitt Family Foundation
Nguyen Family Foundation
NigE Gough Shine On Foundation
Niki Bledin Fund
Nikore Family Foundation
NJ Foundation
Noah John Winston Miles Fund
Norah Faye Foundation
Norman Allan Middleton Fund
NTF Fund
Oak Ridges Moraine Stewardship Fund
One City Scholarship Fund
O’Neil Leger Family Foundation
P/N Family Fund
Palm Holdings Charitable Foundation
Pamensky Family Fund
Panda Family Fund
Paolo Ardizzi Fund
Paramount Pallet, Inc. Skids for Kids Foundation
Parypa-Rouse Family Fund
Paterson Smith Family Foundation
Patricia J. Fleming (FBG) Fund
Paul and Valorie Waitzer Family Fund
Paul G. Russell and Robert L. Jeffrey Foundation
Paul Higgins Jr. Fund
Pauline and Dipak Mazumdar Fund
Payne Family Fund
Peggy C. Linton Fund
Pejcinovski Family Memorial Fund
Peter and Pauline Dawson Foundation
Peter Barnard Fund
Pettet Foundation
Phillip & Maureen Tingley Fund
Piramal Healthcare Fund
Pitch4Pete Foundation
Pooja & Anish Kirpalani Fund
PQR Fund
Prichard-Wilson Family Foundation
Princess Alexandra Bursary Fund
Rachel L. Goldberger Fund
Ravindranjali Trivedi Charitable Foundation
Rawji Simone Family Foundation
Raymond and Irene Collins Foundation
Reach for the Top Foundation
Red Jacket Foundation
Reset Foundation
Richard and Colleen Peddie Foundation
41
Richard and Donna Ivey Fund
Richard Wernham and Julia West Family Fund
Riddell Foundation
Ritchie Peters Foundation
Rob Ford Football Foundation Fund
Robert A. Donaldson Family Fund
Robert Tetley Fund
Ronald and Anne Leggett Literacy Fund
Rosedale Park Playground Renewal Fund
Roy Bennett Memorial Fund
Rubisov Family Foundation
Russell & Sharon Schmidt Fund
Russell Mathew & Scott Ferguson Fund
S. Chum Torno Fund
Sachania Charitable Foundation
Sadler Fund
Sandala Emery Family Fund
Sandra Fraser Gwyn Foundation
SAP Canada Fund
Sarah and Amar Bhalla Foundation
Sarah F. Marion Foundation
Saul E. Joel Fund
Savoy Pitfield Foundation
Schachter Family Fund
Scott Family Fund
Sheila Kirpalani Foundation
Shelagh and David Wilson Fund
Sherry and Edward Drew Family Fund
Shum Vourkoutiotis Fund
Sidgwick Scholarship Fund
Simon Family Fund
So Family Foundation
Spem In Alium Fund
Sport for Development Fund
Srinivasan Family Foundation
Stacey Family “Aurora” Fund
Stacey Levitt Athletic and Educational Fund
Starcan Fund
Stephen Eby Memorial Fund
Sterling Achievement Fund
Steven & Alberta Williams Memorial Fund
Steven K. Hudson Foundation
Stewart R. Code Memorial Scholarship Fund
Strengthening TCH Communities Fund
Stuart and Patricia MacKay Family Fund
Supper with Syria Fund
Susan Jean Jackson Foundation
Sylvia Ng and Kevin Wong Family Foundation
Taylor Irwin Family Fund
Tchao Langelo Family Foundation
Team SPS Gives Back Charitable Fund
Teow Family Foundation
The E. E. T. Briggs Family Fund
The Hak Foundation
The Mona Abouali Memorial Fund
The Paul Butler and Chris Black Foundation
The Queen’s Own Rifles of Canada Princess Alexandra Bursary Fund
The Susan, Sarah and Nicholas Latremoille Fund
The Wendy Buda Foundation
Thorpe Family Foundation
Thunder Foundation
Tishan and Nicole Mills Foundation
Tony and Caley Taylor Family Fund
Toronto CREW Foundation
Toronto Friends of the Visual Arts Fund
Toronto Life Fund
Torunn and David Banks Fund
Townsend Family Foundation
Tyson Bailey Fund
Unwin Family Fund
Up the Ante Fund
Van Biesen-Zimakas Family Fund
Vandewater Charitable Foundation
VBX Fund
Velinda K|Nights Foundation
Viva Vitalita Gala Fund
Vohra-Miller Foundation
vukets + aujla foundation
Vulpe & Pelenyi Charitable Fund
Waddington Family Fund
Waisberg/Bellwood Charitable Fund
Waitzer Family Fund
Werry Family Fund
Wilcock Family Fund
Wilkinson Family Fund
Wilson Vukelich LLP Fund
Women’s Fund
Wood Hart Fund
Wood/Cathcart Memorial Fund
Woodbine Entertainment Group Foundation
Wright Family Foundation
Your Kingdom Come Foundation
YT Foundation
Zahra and Salimah Ebrahim Family Foundation
Zimmel Family Foundation
Anonymous (5)
42
NAMED VITAL TORONTO FUNDS
A Named Vital Toronto Fund supports the Foundation’s strategic granting in response to Toronto’s Vital Signs.
ACE Bakery Ltd. Fund
Ada W. Slaight Fund
Anne Swarbrick Toronto Fund
Arsenault Fund
Bill and Janet Young Fund
Bill and Sandie Fund
Birchall Family Foundation
BMO Financial Group Toronto Fund
Brent & Lynn Belzberg Fund
Calamor Fund
Carol Oliver Fund
Carol Turner Foundation
Dominion of Canada General Insurance
Dr. John Carey Fund
Duboc Family Foundation
Evans Family Fund
Halsall Family Foundation
Honey Family Foundation
Isobel B. Jaffrey Heritage Fund
Joan and Roy Frankel Charity Fund
John Honderich Fund
Keith, Tanja and Kiera Thomson Fund
Kevin Burke Family Foundation
Lay Family Foundation
Love Family Fund
Martin Connell Fund
Mary Rowell Jackman Fund
Michael and Honor de Pencier Fund
Miller Thomson Fund
Ouellette Family Foundation
Pita Break Fund
Rahul K. Bhardwaj Fund
Richard and Donna Ivey Fund
Sue Corlett Fund
Susan Crocker and John Hunkin Fund
Taylor Family Fund
The Hon. Hilary M. Weston Fund
Tony and Anne Arrell Fund
Townsend Family Foundation
Waters Family Fund
Anonymous (3)
FUNDHOLDER GRANTS TO THE VITAL TORONTO FUND
Adelle and Paul Deacon Nanton Fund
Administrative Endowment Fund
Anne Y. Lindsey Fund
Clayton Gyotoku Fund
Findlay Family Foundation
Frances MacDonald Fund
Gerry Meinzer Fund
Griggs Family 10 Year Flowthrough Fund
Howard and Diane Taylor Family Fund
Janet and Douglas Davis Fund
Joan McCalla Fund
John and Christine Currie Foundation
Jon and Nancy Love Foundation
Karen and Bill Barnett Fund
Keith and Martha Wake Family Flow Through Foundation
Kevin Burke Family Foundation
Linda and Steve Lowden Fund
McSherry Family Fund
Michelle Tanenbaum Fund
Neil and Shirley Macdougall Fund
Norman Allan Middleton Fund
Paramount Pallet, Inc. kids for Kids Foundation
Payne Family Fund
Peter and Elizabeth Morgan Fund
Richard and Donna Ivey Fund
Ronald and Anne Leggett Literacy Fund
Schachter Family Fund
Sedbergh School Fund
Shum Vourkourtiotis Fund
Teow Family Foundation
The Paul Butler and Chris Black Foundation
Vandewater Charitable Foundation
Waddington Family Fund
Wilksinson Family Fund
Anonymous (1)
43
DONOR ADVISED FIELD OF INTEREST FUNDS
With a Donor Advised Field of Interest Fund, the donor selects the issue area and directs grants to any registered Canadian charity within that issue area.
Adelle and Paul Deacon Nanton Fund
Bronwen’s Rainbow Fund
Bruce Beauchamp Memorial Fund
Canada Company Scholarship Fund
Glen Colborne Fund
James Rutley Grand Memorial Fund
John & Marian Taylor Family Fund
Mary Ecclestone Nutrition Scholarship Fund
Michael and Honor de Pencier Fund
Orly Watkin Fund
Paul and Evelyn Higgins Fund
Red Jacket Fund for Children and Dance
William Ida Leon Dolrine Steinberg Fund
FIELD OF INTEREST FUNDS
A Field of Interest Fund empowers the Foundation’s expert grant-making staff to make granting decisions on the donor’s behalf within a chosen issue area or areas.
Adrian and Reta Hudson Fund
Art Eggleton and Camille Bacchus Fund
Community Foundation Environmental Fund
Distinguished Mature Artist’s Fund
Frances MacDonald Fund
Gerry Meinzer Fund
J. Douglas Crashley Fund
Joel W. Aldred, D.F.C., RCAF and Ann Mooney-Aldred Fund
Lucile Pratt Music Award
Michelle Tanenbaum Fund
Miller Thomson Fund – York Region
Peter and Elizabeth Morgan Fund
Sedbergh School Fund
Vas Family Fund (Canada)
Anonymous (1)
44
DESIGNATED FUNDS
A Designated Fund allows the donor to determine the Fund’s charitable beneficiaries at the time it is established and empowers the Foundation to carry out those wishes moving forward.
A. J. & Margaret Little Charitable Fund
Albert C. Strickler, M.D. Scholarship Fund
Anthony & Elizabeth Comper Fund
Ashbridge Fund
B & B Hamilton Fund
Bonnie Cox Fund
Colonel F. H. Deacon - Memorial Fund
Coloured Development Fund
David R. McCamus Endowment Fund
DOMAC Fund
Douglas and Ruth Grant Fund
Dr. I. L. Babb Fund
Edna & Paul Munger Fund
Elizabeth Ann Heacock (Nee Prince) Memorial Fund
Evelyn and Cecil Hoffman Charitable Foundation
F. E. M. Fund
Flora Morrison Choral Fund
Flora Morrison Research Fund
Fran Endicott Equity Fund
Glenn Tompkins Memorial Fund
H. Matheson Family Foundation
Harold “Pat” Dooley Educational Fund
Helen D. Phelan Fund
Jack and Rita Catherall Scholarship Fund
Jack Thomas Fund
Jennifer Headley Fund for a Living Planet
Jennison Fund
Joan and Roy Frankel Charity Fund
John A. and Margaret K. Lowden Memorial Fund
Learning Disabilities – Ontario Fund
Lind Family Fund
Lola Somers Foundation for Animals
Love Family Fund
Mario Reale Fund
Marjorie J. Sharpe Fund
Marsh Memorial Fund
Michael La Patriello Fund
Michelle Risi Dance Angel Scholarship Fund
Morgan Goldberg Memorial Fund
N. James Swan Memorial Scholarship Fund
Penny and Rob Richards Endowment for the Toronto Botanical Garden Fund
Red Barn Theatre Endowment Fund
Rev. Frank P. Corless Fund
Robert McKinney Fund
Roy Russell Memorial Fund
S. Marguerite Walker Memorial Fund
Sheila Hall Van Gijn Scholarship Fund
Stratton Fund
Tawny Richard Fund
Tom Thomas Music Scholarship Fund
W. W. (Peter) Southam Fund
Waddington Family Fund
Wally Stefoff Art Scholarship Fund
William L. and Jean V. Stager Fund
William M. Vaisey Arts Foundation
Anonymous (1)
45
AGENCY FUNDS
An Agency Fund is an endowment for a charitable organization to build and maintain a permanent source of income for its operations or programming.
Abbeyfield Houses Society of Canada Endowment Fund
AIDS Committee of Toronto Endowment Fund
BBPA Harry Jerome Scholarship Fund
Canadian Society of Painters in Water Colour
Common Ground Veronica Peake Memorial Fund
Dr. Elgin McCutcheon Fund in Support of FreeSchools World Literacy Fund
Elizabeth Cooke Endowment Fund
FLAP Endowment Fund
Forever Smiles Fund
Foundation for Canadian Parks and Wilderness Society Endowment
Junior League of Toronto Fund
Khategaon Girl School Endowment Fund – AIM for SEVA
National Theatre School Bell Media Diversity Fund
National Theatre School of Canada Fund
National Theatre School (NTS) Theatre and Community Engagement Fund
Ontario Agency for Health Protection and Promotion Fund
Roots of Empathy Endowment Fund
Sheela Basrur Centre Fund
The Duke of Edinburgh's International Award – Ontario Endowment Fund
The Ontario College of Teachers Scholarship Fund
Toronto Symphony Volunteer Committee Endowment Fund
Toronto Zoo Trust Funds
Women's Habitat Endowment Fund
46
INVESTMENT POOLING FUNDS
An Investment Pooling Fund allows a charitable organization to maintain ownership of its endowment assets and take advantage of Toronto Foundation’s investment strategy.
AFP Foundation for Philanthropy - Canada
Aids Committee of Toronto
Amici Camping Charity
Barrie Community Foundation
Boys and Girls Clubs of Canada Foundation
Campbellford/Seymour Foundation
Canadian Lesbian and Gay Archives
CARE Centre for Internationally Educated Nurses
Community Foundation For Lennox & Addington
Credit Counselling of Regional Niagara
Durham Community Foundation
Haynes-Connell Foundation
Helen McCrea Peacock Foundation
Huronia Community Foundation
Metropolitan Community Church of Toronto
Niagara Community Foundation
Ontario Society for the Prevention of Cruelty to Animals
Toronto Zoo
Unison Health & Community Services
United Way Toronto & York Region (In Trust)
United Way of St. Catharine's and District
Writers' Union of Canada
FUNDHOLDER GRANTS TO TORONTO FOUNDATION'S OPERATIONS
A. J. & Margaret Little Charitable Fund
Colonel F. H. Deacon – Memorial Fund
Edna & Paul Munger Fund
Helen D. Phelan Fund
John A. and Margaret K. Lowden Memorial Fund
Roy Russell Memorial Fund
Stratton Fund
“Although Toronto is a city of cultural and economic vibrancy, it is not immune to the environmental challenges that can be the tipping point to increased disparity between those who have and those who have not.” YEN TO, YT Foundation (Vision 2020)
47
INDIVIDUAL AND CORPORATE DONORS TO THE VITAL TORONTO FUND AND TORONTO FOUNDATION’S OPERATIONS
Alyssa Cohen
André Perey
Audrey Crombie
Ben Coleman
Benevity Community Impact Fund – a fund of the Canadian Online Giving Foundation
Canada Helps
Catherine Dewdney
Catherine Thomas and Fraser Baillie
Colin Lacey
Community Foundations of Canada
Dan Golberg
Debbie Snatenchuk
Edelman PR Worldwide Canada Inc
Ellis Perryman
Estate of Frederick John Bradley
Estate of Ms. Alison Gordon
Frances Ward Deacon
Gillian Grace
Jason Wagar
John Deacon
Julia Howell and Scott Bullock
Lorie Waisberg and Ginny Bellwood
Lost Craft Inc.
Mark W. Heazle
Marya Syed
Michael Marcovitz
Nadien Godkewitsch
Prempeh Williams
Richard Joy
Richard Peddie and Colleen Peddie
Rick Goldsmith
Roots of Empathy
Rory MacDonald
Ruth Mandel
Sara Krynitzki
Strategic Charitable Giving Foundation
Telus Corporation
Tyler A. Demers
United Way of Peel Region
United Way of The Alberta Capital Region
William A. MacKinnon
Anonymous (2)
“Thanks to Vital Youth funding from Toronto Foundation, we have changed the lives of 50 youth who live in the Taylor Massey Oakridge community. 30 youth have gained new cooking skills and their food-handlers certificate,
which will help them find employment in the future; 10 youth from our Youth Council program have increased their planning, budgeting and leadership skills by actively seeking grant opportunities to upgrade the community park and plan a community basketball tournament. 10 youth have learned peer-mentoring skills by developing workshops on language, arts and sports for other youth in the community." ELIZABETH FORESTELL, President & CEO, The Neighbourhood Group
48
LEGACY SOCIETY
By committing a portion of an estate to establish a Fund at Toronto Foundation, donors can ensure that the legacy they have worked so hard to build will live on for generations to come.
Realized Bequests
Walter Newton and Elinor Beauchamp
Ruth Elinor Beauchamp
Herbert George Binet
Lillian Evelyn Bloom
Frederick John Bradley
Winnifred Bruton
Dorothy Bullen
John Carey
Helen Audrey Chandler
Frank Corless
Sue Corlett
Bonnie Cox
J. Douglas Crashley
John Eston Crosby
John Currie
Evelyn Mary Davis
Frederick W. Dunn
Roy Frankel
Diana Gillespie
Alison Gordon
James R. Grand
Margaret Eleanor Riches Hall
Elizabeth Hamilton
Cecil Hoffman
Mary Jackman
Isobel Jaffrey
Franc Joubin
Elsa Maire Karha
Michael La Patriello
Silveria Ladek
Frances L. Lindenfield
Frances Anne MacDonald
Eleanor Mary McDougall
Florence E. McEachren
Norman Allan Middleton
Flora Morrison
John Donald Moynagh
Grant Parent
Alfreda Parlee
Bhartiben Patel
Michael Pearl
Helen Doris Gardiner Phelan
Lucile Pratt
Oscar Rogers
Eleanor Rooks
Charles Roy
Jean V. Stager
Max Tanenbaum
Gertrude M. Thomas
Jean Tompkins
William Vaisey
Kenneth Watts
Steven Williams and Denise Weir
John and Peggy Withrow
John Wood
“Given my expertise in healthcare, naturally improving health and wellbeing for all is my key objective. But health is affected by so much more than traditional healthcare service delivery. The social determinants of health such as food, housing, and employment affect health tremendously. Thus, I’m interested in being part of a change in a variety of areas." DR. VIPAN NIKORE, Nikore Family Foundation (Vision 2020)
49
Unrealized Bequests
Michael Adams
Matthew and Phyllis Airhart
Joan Anderson
Robert and Margaret Anglin
Robert Sterling Beckwith
William Bedell
Paul and Eugenia Bedford
David Boblitz and Antoinette Zichy
Ruth Bradshaw
Albert and Carolyn Brandstatter
Anne L. Brayley
Helen Breslauer
Al Brown
Andrew "Bud" Brown and Ann Brown
Beverley Burke
Paul Butler and Chris Black
John and Mary Cassaday
Peter and Caroline Cavelti
Kim and Gordon Cheesbrough
Steven and Diane Clendenan
Dan and Mary Cornacchia
Rita and Mark Daniel
Jeffrey Dawson and Janice James
Susan Dayman
Honor de Pencier
Gregory Deacon and Michelle Melanson Deacon
Frances Ward Deacon
Walter Donovan and Laverne Hill
Alexander and Carolyn Drummond
Patricia and John Dunham
Ross and Marilyn Durant
Art Eggleton and Camille Bacchus
Patricia J. Fleming
Gabrielle Fong
Angela Fusco
Janet Gadeski and Gary Fisher
Ann Garnett
Nadia Georges
Kathy Glazier
Kenneth and Dale Goldberg
William and June Gooch
Sue and Harvey Griggs
Paul and Eleanor Henderson
Allison Hough
Anish and Pooja Kirpalani
Mark Krakowski
Merle Kriss
Mark Landers and Marcy Stephens
Susan Latremoille
Jim Lawson
Anne Y. Lindsey
Catherine Logan
Nancy and Jon Love
Neil and Shirley Macdougall
Sally MacRae
Soren and Sheila Madsen
Irene Magill
Ross Marancos
Anne Martin
Marcia McClung
Gerry and Suzanne Meinzer
Daniel Michaelson
Peter and Elizabeth Morgan
Dr. Saroja Narasimhan
Douglas and Mary Neal
Hoanh and Nina Ngo
Daryl Novak and Brian Harrison
David Payne
Diane Pettet
Linden Hugh Stafford Ramdeholl and Marie Odile Le Dain
John and Pamela Richardson
John and Judy Rumble
William W. Schultz
Martin Ship and Don Kinder
Annabel and Brian Slaight
Julie Slater
Anne Swarbrick and Garfield Darroch
Eva V. Swenson and Ron Hall
Gaétan Tardif
Marvin and Pamela Tarek
Catherine Thomas and Fraser Baillie
Keith and Tanja Thomson
Barbara Tolson
Timothy and Anne Unwin
Kevin Vance
Joan VanDuzer
Joanne Waddington
Shannon Waller
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F
SL
I
ANA
NCIFINANCIALS
T52
OUR FUNDS
The Foundation’s total fund balances amount to $223.4M at March 31, 2018, including the Operating Fund of $4.2M. Endowed Funds total $168M, made up of funds designated by the donor to be held permanently or for a period of at least ten years, as well as funds endowed by the Board of Directors when there is no current intention of making the original donation available for granting. Endowed Funds include $128.9M of Donor Advised Funds and $39.1M of Board-advised funds.
Board-advised funds include 50 Vital
Toronto Funds named in honour of
individuals or corporations who have
permanently endowed $25K or more
with related grants directed by the Board
to initiatives and programs that support
the Foundation’s mission and vision in
Toronto. The Board establishes the
annual amount to be made available
for granting, ensuring compliance with
Canada Revenue Agency requirements.
The Foundation’s non-endowed
Restricted Funds total $51.1M. These
funds are not subject to granting
restrictions.
As of March 31, 2018, the Foundation was
home to 609 funds (excluding 24 funds
held on behalf of others), a 9% rise from
a year ago. These consist of the following
types: 481 Endowed Funds (permanent/
long term), 58 Invested Flowthrough
Funds (medium to long term), 94
Flowthrough Funds (short term),
and the Operating Fund.
53
Fund Value Over Five Years
Assets Under Administration ASSETS UNDER ADMINISTRATION
The Foundation’s assets under
administration total $480.8M at March
31, 2018. This includes the following
funds the Foundation administers on
behalf of other parties: United Way of
Greater Toronto ($92.2M); TO2015
Legacy Fund ($69.6M); and 21 other
organizations with which the Foundation
has investment pooling arrangements
($88.7M). This represents growth of
$205.3M or 75% over five years.
Endowed and Invested Flowthrough
Funds as well as Funds held on behalf
of other parties are invested in
pooled funds managed by third party
investment managers. Flowthrough
Funds are invested in short-term
investments.
$M
20
13/1
4
20
14/1
5
20
15/1
6
20
16/1
7
20
17/1
8
Endowed
Held on Behalf of Others
Operating
Restricted
0
50
100
150
200
250
300
350
400
$M
20
13/1
4
20
14/1
5
20
15/1
6
20
16/1
7
20
17/1
8
0
100
200
300
400
500
600
54
Gifts Over Five Years DONATIONS RECEIVED
In 2017/18, Toronto Foundation had
a record year with the total value of
donations at $23M, a 6% increase
over the prior year, and an increase
of 150% from the fiscal 2013/14 year.
The number of donations decreased
compared to the previous two years,
due to fewer donations to the Lifeline
Syria fund.
Donations to the Foundation come
through newly established Funds,
contributions to existing Funds,
and/or donations to our city
building initiatives through the
Vital Toronto Fund.
TORONTO FOUNDATION HAD A RECORD YEAR WITH DONATIONS OF
$23M
Grants and Distributions Made GRANTS AND DISTRIBUTIONS MADE
In 2017/18, 1,543 grants were made
to 747 charitable organizations, for a
total value of $13.3M. Our granting is
initiated in two key ways: donor-led
through our Donor Advised, Field of
Interest, and Designated Funds, and
Foundation-led through our strategic
granting programs. In addition, the
Toronto 2015 Sport Legacy Fund
distributed $5.4M for the three TO2015
Pan Am/Parapan Am Games venues
(two in Toronto and one in Milton).
$13.3M TOTAL GRANTS IN 2017/18
$5.4M TOTAL DISTRIBUTIONS IN 2017/18
20
13/1
4
20
14/1
5
20
15/1
6
20
16/1
7
20
17/1
8
Num
ber
of
Do
nati
ons
Do
nati
ons
$M
0
2
4
6
8
10
12
14
16
18
20
22
24
0
500
1000
1500
2000
2500
3000
3500
$M
TO2015 Legacy Distribution
Grants
0
2
4
6
8
10
12
14
16
18
20
20
13/1
4
20
14/1
5
20
15/1
6
20
16/1
7
20
17/1
8
55
Five Years of TF Main Pool Investment Anualized-five-year Returns
INVESTMENT RETURNS
The Foundation’s Investment Committee
monitors the performance of its third
party investment management firms
against the overall investment strategy
and their specific objectives.
The Foundation has an objective of
generating stable returns over a 5-year
cycle. Under its investment policy, the
Foundation targets a real average
annual investment return of 5% (or 5%
after inflation), rather than following a
more traditional market benchmark.
This return target is designed to meet
the granting needs of the Fundholders
and the Foundation’s administrative
requirements, as well as maintain the
value of the capital, all within
acceptable risk parameters.
Pooled fund investments returned an
average 6.5% for the one year ended
March 31, 2018 and an annualized five
years return of 9.1%.
9.1% ANNUALIZED FIVE YEAR RETURN
20
13/1
4
20
14/1
5
20
15/1
6
20
16/1
7
20
17/1
80
5%
10%
15%
56
Operating Expenses for Five Years
OPERATIONS
The Foundation staff (20 full-time and
five part-time) manages the elements
of our model of philanthropy: Donor
Relations, Community Knowledge, and
City Building. We connect many of our
450 individual and family Fundholders
with organizations working on
solutions to issues highlighted in our
annual Toronto’s Vital Signs Report.
High-impact organizations receive our
strategic grants and are featured in
our Good to Give Guide (available on
our website).
In addition, our unique position as
a catalyst for change enables us to
mobilize philanthropic, private, and
public sectors and collaborate on
initiatives to tackle community
challenges in innovative and
inspiring ways.
We also facilitate granting across
Canada and steward assets under
administration of more than $440M.
Total operating fund expenses,
including investment management
fees, for fiscal 2016/17 were $4.9M.
Philanthropic services fees and fees
levied on invested assets covered
almost 85% of these costs.
1% 2017/18 TOTAL OPERATING COSTS
$M
20
13/1
4
20
14/1
5
20
15/1
6
20
16/1
7
20
17/1
8
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
57
SUMMARY FINANCIAL INFORMATION
TORONTO FOUNDATION: FINANCIAL HIGHLIGHTS AS AT MARCH 31, 2018
$000’s 2018 2017 2016
Investments under administration $480,845 $447,235 $408,041
Fund Balances
Endowed Funds 168,038 161,949 148,343
Restricted Funds 51,126 40,241 31,264
Operating Funds 4,213 3,840 2,957
223,377 206,030 182,564
Funds held on behalf of other parties 165,278 141,864 135,364
Funds held for United Way Toronto 92,190 99,341 90,113
Annualized Investment Returns (gross of fees)
One year 6.5% 10.6% 0.2%
Five years 9.1% 10.1% 8.5%
Ten years 7.3% 6.3% 6.0%
Donations received 23,039 21,746 18,502
Grants made 13,348 12,049 14,380
TO2015 Legacy Distributions to Facilities 5,407 5,100 5,100
Total Grants and Distributions 18,755 17,149 19,480
Operating expenses (includes investment management fees)
4,677 4,860 4,380
as a % of investments under administration 1.0% 1.1% 1.1%
FULL AUDITED FINANCIAL STATEMENTS AVAILABLE AT TORONTOFOUNDATION.CA
Design by: GravityInc.ca
NENE
EWN NReady to start your philanthropic journey?
Toronto Foundation
33 Bloor Street East, Suite 1603
Toronto, Ontario, M4W 3H1
416-921-2035
Aneil Gokhale,
Director, Philanthropy
Tel: 416-921-2035 ext. 212