Canadian Friends of Tel Aviv University

3130 Bathurst Street, Suite 214
Toronto, ON M6A 2A1
Board Chair: David S. Altshuller
Vice Board Chair: Stephen Arbib

Charitable Reg. #:1240 35643 RR0001


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

[Charity Rating: 2/5]


Most recent Audited financial statements available on the charity’s website.



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



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 92 cents are available for programs.

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About Canadian Friends of Tel Aviv University :

Canadian Friends of Tel Aviv University is a 2-star charity with a low results reporting grade and reasonable overhead costs. With its current reserves the charity can cover under one month of annual grants. 

Founded in 1972, Canadian Friends of Tel Aviv University (CFTAU) raises money in Canada for Tel Aviv University (TAU) in Israel. The charity has offices in Montreal and Toronto. Money sent to TAU funds education and research at the university.  CFTAU also gives scholarships to recruit Canadian students into TAU’s International Program.  Donations to CFTAU can be general, for research,  or  for scholarships.  In F2022, the charity granted $6.8m to the university compared to $11.8m in F2021.

According to Canadian Friends of Tel Aviv University, TAU has nine faculties, over 125 schools and departments, and more than 30,000 students. It is the largest university in Israel and largest Jewish university in the world. In its 2023 World University Rankings, Times Higher Education ranked Tel Aviv University in the top 200 to 250th bracket. It has nine Canadian partners, including: Carlton University, McGill University, Ryerson University, Simon Fraser University, University of British Columbia, University of Montreal, University of Ottawa, University of Toronto, and York University. 

In F2022, TAU opened the Lowy International School. Its aim is to expand the collaborations with top universities abroad. TAU also opened the Dan Launchpad, a startup accelerator to help students with their ventures. 

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Results and Impact

In F2022, TAU’s Center for Quantum Science and Technology built the first ground station in Israel for optical and quantum communication with satellites. 

Prof. Tal Dvir at the Sagol Center for Biotechnology and the Center for Nanoscience and Nanotechnology, developed 3D spinal cord implants. The implants are inserted in patients with paralysis and other spinal cord issues. The charity reports that preclinical trials showed high rates of healed spinal damage and revived walking abilities.

While Ci highlights these key results, they may not be a complete representation of Canadian Friends of Tel Aviv University’s results and impact. This charity is not yet rated on impact (n/r).

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Canadian Friends of Tel Aviv University received donations and special events revenue of $13.3m in F2022. Donations increased by 199% from F2021. Fundraising costs are less than 1% of donations and administrative costs are  7% of revenues. Administrative costs decreased from being 17% of revenues in F2021, due to an increase in total revenues. This results in total overhead spending of 8%. For every dollar donated, 92 cents go to the cause. This is within Ci’s reasonable range for overhead spending.   

In F2022, CFTAU had $7.6m in reserve funds. These are the charity’s cash and investments. Reserve funds have increased by 638% from F2021. In these reserve funds, $250k are endowed by donors. Excluding donor-endowed funds, CFTAU’s funding reserves can cover one year of annual grants and program costs.   

This report is an update that has been sent to CFTAU for review. Change and edits may be forthcoming.  

Updated on  August 11, 2023 by Alessandra Castino. 


Financial Review

Financial Ratios

Fiscal year ending September
Administrative costs as % of revenues 7.2%16.6%8.1%
Fundraising costs as % of donations 0.7%2.1%1.9%
Total overhead spending 7.9%18.7%10.0%
Program cost coverage (%) 105.7%6.5%95.4%

Summary Financial Statements

All figures in $000s
Donations 13,2964,4449,427
Government funding (15)16897
Special events 37213286
Investment income 81615
Other income 956978620
Total revenues 14,2825,81910,445
Program costs 757973
Grants 6,84511,7568,183
Administrative costs 1,030963846
Fundraising costs 8899180
Other costs (267)1023
Total spending 7,77012,9079,306
Cash flow from operations 6,512(7,088)1,139
Capital spending 030
Funding reserves 7,5521,0248,115

Note: Ci adjusted for deferred donations, affecting total revenues by ($7.2m) in F2021, $1.3m in F2020, and $12.5m in F2019. Ci reported endowment fund investment income net of direct expenses, decreasing total revenue by $5k in F2019. It is not reported separately for F2021 and F2020. Ci recognized expense recovery in other income. Other costs include interest and bank charges, and loss on foreign exchange from the operating fund.   

Salary Information

Full-time staff: 7

Avg. compensation: $99,008

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

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Charity Contact

This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (416) 787-9930


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Charitable Registration Number: 80340 7956 RR0001