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To preserve and strengthen the quality of Jewish life in Greater Toronto, Canada, Israel, and around the world through philanthropic, volunteer and professional leadership

Fundraising Organization

Toronto , ON

Federation CJA

Envisioning a vibrant, inclusive and thriving Montreal Jewish Community

Fundraising Organization

Montreal, QC

Jewish Foundation of Greater Toronto

4600 Bathurst Street
Toronto, ON M2R 3V2
Board Chair: David Matlow
Director: Angela D'Aversa

Website: www.jewishfoundationtoronto.com
Charitable Reg. #: 10815 5797 RR0002

Sector: Fundraising Organization

Public Foundation

Charity Rating

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Donor Accountability

Grade: C

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 available only upon request [ Audited financial statement for most recent year ]

Need for Funding

donor
endowed

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2015	2016	2017

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #78

Avg. Compensation $111,145

Top 10 Staff Salary Range

$350k +	1
$300k - $350k	0
$250k - $300k	1
$200k - $250k	4
$160k - $200k	4
$120k - $160k	0
$80k - $120k	0
$40k - $80k	0
< $40k	0

Information from most recent CRA Charities Directorate filings for F2016

About Jewish Foundation of Greater Toronto:

Jewish Foundation of Greater Toronto (previously United Jewish Welfare Fund of Toronto) collects donations and distributes grants to charities in Canada and Israel. The foundation aims to sustain the Jewish people, enhance Jewish life, and strengthen the Jewish community. In F2017, the foundation distributed $22.5m worth of grants to over 350 organizations including hospitals, food banks, Canadian universities, and Israeli foundations.

The foundation works to involve teens in philanthropy. Last year, 59 teens were involved with the Jewish Teen Board of Greater Toronto, focusing on Jewish identity, leadership skills, and philanthropy. Participants spent a year researching community needs. At the end of the year, the teens used what they had learned to decide on some grant allocations.

Jewish Foundation of Greater Toronto works with the United Jewish Appeal of Greater Toronto. In F2017, significant changes were made to the corporate structure to increase the partnership’s efficiency. Together, the two organizations operate as United Jewish Appeal (UJA) Federation of Greater Toronto.

Results and Impact: Grants from Jewish Foundation of Greater Toronto allow for UJA Federation to support the PJ Library program. The foundation reports that PJ Library has high impact in developing Jewish identity in children. An estimated 60% of Toronto’s Jewish children between six months and eight years old are involved in the program.

Financial Review:

Jewish Foundation of Greater Toronto is a Major 100 charity, with donations of $35.4m in F2017. Fundraising and administrative costs are 3% of revenues, so for every $1 donated, 97 cents go to the cause. This is above Ci’s regular reasonable range, but since the foundation is focusing on endowed funds, this ratio is reasonable. The foundation has $321.4m in funding reserves, of which $318.4m is endowed. Excluding donor-endowed funding reserves, the foundation could cover 5 months of grants with reserves. The foundation reports a 10.2% total investment return in F2017.

Major corporate restructuring in F2017 has impacted the finances of the foundation. A total of $207.1m in assets and $103.4m in liabilities was transferred to United Jewish Appeal of Greater Toronto. F2017 revenues and expenses are significantly different from F2016 because the operations of Jewish Foundation of Greater Toronto have been modified to focus on endowed funds relating to UJA Federation of Greater Toronto.

This charity report is an update that has been sent to Jewish Foundation of Greater Toronto for review. Changes and edits may be forthcoming.

Updated on June 22, 2018 by Madison Kerr.

Financial Ratios Fiscal year ending June	2017	2016	2015
Fundraising & admin costs as % of revenues	3.1%	13.8%	15.9%
Program cost coverage (%)	1,429.9%	378.0%	318.5%

Summary Financial Statements All figures in $000s	2017	2016	2015
Donations	35,355	86,781	75,823
Government funding	0	322	786
Fees for service	0	20,444	18,729
Business activities (net)	0	4,607	4,221
Investment income	28,476	(327)	19,600
Total revenues	63,831	111,827	119,159
Program costs	0	15,483	13,790
Grants	22,475	50,550	55,639
Fundraising & administrative costs	1,090	15,505	15,823
Other costs	0	2,206	2,558
Cash flow from operations	40,266	28,083	31,349
Funding reserves	321,362	249,589	221,096

Note: Ci has reported total investment income as investment income less investment counsel and custodial fees, and catering operations are reported as net, reducing revenue and expenses by ($2.2m) in F2017, ($2.0m) in F2016, and ($2.3m) in F2015. Ci adjusted for the amount due from UJA of Greater Toronto, affecting revenues by $nil in F2017, $1.7m in F2016, and $578k in F2015.

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