Jewish Foundation of Manitoba

123 Doncaster Street, Suite C400
Winnipeg, MB R3N 2B2
Director: Marla Aronovitch
Board Chair: Richard L. Yaffe

Charitable Reg. #:11923 9317 RR0001


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

Unlock Charity Ratings



Audited financial statements for current and previous years 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) 76 cents are available for programs.

My anchor


About Jewish Foundation of Manitoba:

Founded in 1964, Jewish Foundation of Manitoba (JFM) collects gifts from Manitoban donors, invests the principal in perpetuity, and distributes the interest income earned as grants and scholarships into communities in Manitoba. The Foundation offers donors ten fund types they can open depending on where they want their money to go. Donors may make designated donations, ensuring the interest made on their donation goes to a specific cause, or undesignated donations, allowing the Foundation to disburse interest income to where it is needed most.

In F2018, 73% of distribution commitments made by JFM were designated and 13% were undesignated. The remaining 15% of distributions were flow-through commitments. The Foundation states that its distributions support education, arts and culture, health and social services, Jewish life, recreation, or religion. 

Jewish Foundation of Manitoba categorizes its distributions into six areas: Israel-based organizations grants, Jewish community grants, women’s endowment fund grants, general community grants, special grants, and scholarships. In F2018, 71% of undesignated grants made by the Foundation went toward Jewish community support, 19% went to general community support, and 9% went toward women’s endowment fund grants.

Major undesignated grant recipients in F2018 include: Camp Massad Manitoba (received $100k for swimming pool repairs and an additional $35k to purchase a new kitchen exhaust and fire suppression system), Adas Yeshurun Herzlia Congregation (received $46k for renovations), Temple Shalom Manitoba (received $35k to hire an Engagement Officer and additional $30k to repair the facility’s windows), Jewish Federation of Winnipeg (received $25k to afford professional help in using its data and fundraising tracking system), and United Way Winnipeg (received $25k in support of its ‘For Every Family’ campaign).

Major recipients of women’s endowment fund grants include 1JustCity (received $9,583 to hire a female housing coordinator), Rady Jewish Community Centre (received $8,500 to partner with Jewish Child and Family Services), and Klinic Community Health Centre (received $8,000 to build a cultural space for women and transgender people with a history of trauma).

In 1964, JFM’s founders (Joseph Halprin, Sam Werier and Abe Werier) donated a 294-acre property near Middlechurch, MB. The land was donated so that it could eventually be sold, and the proceeds could create the Halprin-Werier Founders’ Fund to earn interest income for charitable grants. In F2018, the land sold for $905k and the proceeds went into the Fund for perpetuity.

My anchor


Jewish Foundation of Manitoba is a large charity, receiving $7.6m in donations in F2018. Administrative costs are 23% of revenues (excluding investment income) and fundraising costs are 1% of donations. Per dollar donated to the charity, 76 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

Jewish Foundation of Manitoba holds $116.2m in investments, with 62% in equities and 26% in bonds. 47% of investments are held in international accounts. Investment income net of fees was just under $10.0m in F2018, and unrealized losses were $12.5m. With net investment income of ($2.5m), the Foundation had an ROI of -2.2% (9.5% in F2017; 5.8% in F2016). Ci used starting investment balances in its ROI calculation and excluded investments in Canadian real estate. 

Total funding reserves of $116.2m can cover annual granting activities 171 times at the F2018 level. Assuming a 5% annual return on the Foundation’s endowment funds ($114.3m in F2018), annual granting activities can be covered indefinitely.

Ci typically adjusts grants for changes in grants payable to report actual cash grants made during the year. This adjustment would increase total grants by $131k in F2018, decrease total grants by $1.4m in F2017, and increase total grants by $1.5m in F2016. However, the charity’s audited financials do not break down grants payable into designated and undesignated accounts. As such, Ci did not make any adjustment in its financial analysis.

Jewish Foundation of Manitoba’s audited financials report several grant commitments in the upcoming years: $150k committed to Assiniboine Park Conservancy over a five-year period starting in F2015; $50k committed to Canadian Museum of Human Rights over an eight-year period starting in F2015; $125k committed to United Way over a five-year period starting in F2017; and $100k committed to Camp Massad in F2019.

F2017 compensation information represents the most current data available from the charity's T3010 CRA filings at the time of this profile update. 

This profile update has been sent to Jewish Foundation of Manitoba for review. Comments and edits may be forthcoming.

Updated on August 6, 2019 by Katie Khodawandi.

Financial Review

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 23.0%37.6%32.2%
Fundraising costs as % of donations 1.3%2.6%1.6%
Total overhead spending 24.3%40.2%33.7%
Program cost coverage (%) (37.6%)(342.2%)(160.1%)

Summary Financial Statements

All figures in $000s
Donations 7,5824,0604,185
Investment income (2,546)10,0175,959
Other income 0(1)11
Total revenues 5,03614,07610,154
Grants 6791,391415
Donor-designated donations 4,6563,1533,141
Administrative costs 1,7411,5271,349
Fundraising costs 10010467
Cash flow from operations (2,142)7,9005,183
Capital spending (871)2523
Funding reserves 116,161115,489105,851

Note: Investment income is reported net of investment counsel and custodial fees of $228k in F2018, $229k in F2017, and $224k in F2016, and includes unrealized gains (losses) on investments of ($12.5m) in F2018, ($7.0m) in F2017 and $576k in F2016. Ci did not include realized gain on sale of real estate or realized loss on disposal of equipment in revenue, affecting total revenue by $878 in F2018. Donations include contributions received for endowment funds of $7.5m in F2018, $4.0m in F2017 and $4.2m in F0216. Funding reserves consist of cash and investments, less investments in Canadian real estate ($3.4m in F2018, $1.0m in F2017, and $nil in F2016. Not included in this analysis are encroachable funds held by the Foundation on behalf of another organization. The Foundation received $4.2m for encroachable funds in F2018 ($1.3m in F2017, $nil in F2016), and holds a payable account balance of $5.5m in F2018 ($1.3m in F2017, $nil in F2016).

Salary Information

Full-time staff: 12

Avg. Compensation: $95,368

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 F2017

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by charity

Charity Contact

This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 855-284-1918