Jewish Foundation of Greater Toronto
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements available on the charity’s website.
C
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
98%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 98 cents are available for programs.
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OVERVIEW
About Jewish Foundation of Greater Toronto:
Jewish Foundation of Greater Toronto is a 2-star charity. It has a C Results Reporting grade, which is below average. Its overhead costs are outside of Ci’s reasonable range. The charity’s reserves can cover program costs for 12 years and three months, which is outside of Ci’s reasonable range.
Founded in 1986, Jewish Foundation of Greater Toronto (JFGT), previously United Jewish Welfare Fund of Toronto, collects donations and distributes grants to charities in Canada and Israel. The charity states Jewish Torontonians have consistently been the most targeted victim group for hate crimes. In the fiscal year ending in June (F2024), it granted $69.6m to 698 charities. The charity provides a breakdown of some of its grants.
United Jewish Appeal’s (UJA) Emergency Appeal for the People of Israel received $9.2m. The funds were used for direct aid to victims of terrorism, humanitarian aid for Israelis sheltering across the country, protective equipment and emergency kits for first responders, and assistance for elderly Israelis living in isolation under rocket fire.
UJA’s Holocaust Survivors Support Fund received $2.5m. This fund provides food deliveries, rides to appointments, and day programs for Holocaust survivors. In F2024, around 1,800 survivors received aid.
The Toronto Holocaust Museum received $220k. It opened in June 2023, and it had more than 50,000 visitors in F2023.
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Results and Impact
Ci did not find any quantified outcomes of JFGT’s work. This may not completely reflect the charity’s results and impact.
Jewish Foundation of Greater Toronto is not yet rated on impact (n/r). This does not affect the star rating.
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Finances
Jewish Foundation of Greater Toronto received $84.7m in donations, which is 51% of revenue. It received $141k in government funding and $71.6m in investment income. In F2024, it had a return on investment of 9%, which is higher than its 5-year average of 5%.
The charity granted out $69.6m, which is 42% of revenue. It ran a surplus of $94.6m, which is 57% of revenue. JFGT spent $1.3m on fundraising (2% of donations), and spent $839k on administration, which is 1% of revenue (less investment income). For every dollar donated to the charity, 98 cents are available to go to the cause. This is outside of Ci’s reasonable range.
JFGT has $853.8m in its reserves (cash and investments), which can cover program costs for 12 years and three months. This is outside of Ci’s reasonable range.
The charity has money invested on behalf of related parties totaling $18.2m.
JFGT has outstanding commitments related to private investments of $48.2m.
The charity does not report any paid employees on its T3010 filings with the CRA.
Updated on July 7, 2025 by Joshua Leduc. This update has been sent to the charity and changes may be forthcoming.
Financial Review
Fiscal year ending June
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 0.9% | 1.3% | 8.4% |
| Fundraising costs as % of donations | 1.5% | 2.8% | 1.8% |
| Total overhead spending | 2.4% | 4.0% | 10.2% |
| Program cost coverage (%) | 1,227.1% | 1,498.2% | 1,182.8% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 84,675 | 36,812 | 60,322 |
| Government funding | 141 | 267 | 0 |
| Investment income | 71,580 | 56,193 | (44,570) |
| Other income | 10,023 | 28,621 | 0 |
| Total revenues | 166,419 | 121,893 | 15,752 |
| Grants | 69,574 | 48,241 | 52,197 |
| Administrative costs | 839 | 824 | 5,041 |
| Fundraising costs | 1,258 | 1,011 | 1,108 |
| Other costs | 190 | 0 | 0 |
| Total spending | 71,861 | 50,076 | 58,346 |
| Cash flow from operations | 94,558 | 71,817 | (42,594) |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 853,775 | 722,749 | 641,383 |
Note: 1. Ci included unrealized gains on investments which affected revenue by $58.7m in F2024, $47.4m in F2023, and ($52.2m) in F2022. 2. Ci included investment income net of investment management fees, which affected revenue and expenses by ($4.4m) in F2024, ($4.1m) in F2023, and ($4.7m) in F2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2024
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-631-5703