Jewish Foundation of Greater Toronto

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

Charitable Reg. #:10815 5797 RR0002

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]

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 low results reporting grade and large funding reserves. Before you giveread Charity Intelligences report. 

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 Jewish people, enhance Jewish life, and strengthen the Jewish community. In F2021, the foundation distributed $39.9m worth of grants to over 350 organizations including hospitals, food banks, Canadian universities, and Israeli foundations.

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. 

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Results and Impact

In F2021, Jewish Foundation of Greater Toronto added 10 new donor stories to its Book of Life.

While Ci highlights these key results, they may not be a complete representation of Jewish Foundation of Greater Toronto's results and impact.

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Finances

Jewish Foundation of Greater Toronto received donations of $118.1m in F2021. Administrative costs are 1% of revenues (excluding investment income). Fundraising costs are 1% of donations. This results in overhead costs of 2%. For every $1 donated, 98 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 $649.2m in funding reserves. Excluding donor-endowed funding reserves, the foundation could cover 16.3 years of grants with reserves. The foundation reports a 16.7% investment return in F2021.

The charity does not report any employees on its CRA filings.

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 August 11, 2022 by Lin Zhu.

Financial Review


Financial Ratios

Fiscal year ending June
202120202019
Administrative costs as % of revenues 1.0%0.7%1.4%
Fundraising costs as % of donations 0.8%0.9%1.6%
Total overhead spending 1.8%1.6%3.0%
Program cost coverage (%) 1,627.1%1,154.9%1,234.0%

Summary Financial Statements

All figures in $000s
202120202019
Donations 118,06789,14551,393
Investment income 80,67613,14317,351
Total revenues 198,743102,28868,744
Grants 39,90241,69033,880
Administrative costs 1,217600736
Fundraising costs 889788800
Other costs 3,7792,8482,649
Total spending 45,78745,92638,065
Cash flow from operations 152,95656,36230,679
Funding reserves 649,244481,471418,079

Note: Ci accounted for the fair value changes in investments in the calculation of revenues, affecting revenues by $72k in F2021, $4k in F2020, and $8k in F2019. Ci reported administrative costs and fundraising costs on the charity's filings with CRA.

Salary Information

Full-time staff: 0

Avg. compensation: $0

Top 10 staff salary range:

$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 F2021

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.jewishfoundationtoronto.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (416) 635-2883

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Charitable Registration Number: 80340 7956 RR0001