Jewish Foundation of Greater Toronto
Toronto, ON M2R 3V2
Board Chair: David Matlow
Director: Angela D'Aversa
Charitable Reg. #: 10815 5797 RR0002
Grade: CThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #78
Avg. Compensation $111,145
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||4|
|$160k - $200k||4|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
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.
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 RatiosFiscal year ending June
|Fundraising & admin costs as % of revenues||3.1%||13.8%||15.9%|
|Program cost coverage (%)||1,429.9%||378.0%||318.5%|
Summary Financial StatementsAll figures in $000s
|Fees for service||0||20,444||18,729|
|Business activities (net)||0||4,607||4,221|
|Fundraising & administrative costs||1,090||15,505||15,823|
|Cash flow from operations||40,266||28,083||31,349|