Toronto Public Library Foundation

789 Yonge St.
Toronto, ON M4W 2G8
President: Heather Rumball
Board Chair: Janet McKelvey

Charitable Reg. #: 88655 4476 RR0001
Sector: Arts & Culture
Public Foundation

Social Results Reporting

Grade: B-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #8

Avg. Compensation $94,462

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 3
$40k - $80k 3
< $40k 1
Information from most recent CRA Charities Directorate filings for F2011

About Toronto Public Library Foundation:

Established in 1997, the Toronto Public Library Foundation (TPLF) exists to raise money to support the enhancement of the Toronto Public Library (TPL) system. TPLF allocates funds to priority needs not supported by municipal funding. TPLF believes that the character and quality of a city depends on the resources available to its people and that a great library is a fundamental requirement for a city to achieve its full social and economic potential. The foundation's efforts support improved and expanded collections, enhanced programs and services, upgraded technology and revitalized facilities for community spaces.

The TD Summer Reading Club has grown from a local program into a national initiative. The Sun Life Financial Museum & Arts Pass (MAP) has enabled thousands of families to explore some of Toronto's arts and cultural treasures at no cost to the family. In 2011, TPLF helped realize the creation of The Bram & Bluma Appel Salon and the Marilyn & Charles Baillie Special Collections Centre in the revitalization of the Toronto Reference Library.

TPL supports literacy, welcomes newcomers and offers free resources to every Torontonian. In 2012, more than 18 million people visited TPL's 98 branches in neighbourhoods across the city and borrowed over 32 million items. The library also plays a role in helping build youth leadership and social skills. In 1998, TPL formally launched YAGs (community-based volunteer opportunities for youth).

Financial Review:

Note: TPLF provided draft financial statements for F2012. In F2012, TPLF had administrative costs of only 0.4% of revenues because the foundation receives certain services from TPL at no charge. TPLF's fundraising costs were 33% of donations in F2012. Funding reserves of the foundation are $17.8m (including $2.7m in donor-endowed funds and $3.1m due to TPL). Funding reserves cover annual program costs 3.3 times.

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 0.4%0.2%1.1%
Fundraising costs as % of donations 33.0%20.8%52.6%
Program cost coverage (%) 333.7%259.5%283.7%

Summary Financial Statements

All figures in $000s
Donations 4,4646,1782,815
Goods in kind 128292552
Investment income 3210830
Total revenues 4,6246,4804,197
Grants 5,3236,8426,264
Administrative costs 161337
Fundraising costs 1,4721,2881,480
Other costs 4358121
Cash flow from operations (2,230)(1,720)(3,704)
Funding reserves 17,76217,75517,771
Note: In F2010, investment income includes unrealized gains because TPLF did not separately report unrealized and realized gains.

Comments added by the Charity:

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