33 Bloor Street East, Suite 1603
Toronto, ON M4W 3H1
President & CEO: Rahul K. Bhardwaj
Board Chair: John Maclntyre

Charitable Reg. #:13649 1875 RR0001

STAR RATING

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

Not yet rated.

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

NR

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.

71%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 71 cents are available for programs.



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Programs

About Toronto Community Foundation:

The objectives of the Toronto Community Foundation are to connect philanthropy with community needs and opportunities to make Toronto the best place to live, work, learn, and grow.  The Toronto Community Foundation establishes the equivalent of private family foundations for donors, and provides these Fundholders with transactional services and strategic charitable giving support.

The Foundation publishes the Toronto’s Vital Signs Report, an annual research report on Toronto’s social, economic, and environmental health indicators. Through the Vital Toronto Fund, the Foundation provides Fundholders strategic grantmaking through three granting programs: Toronto’s Vital Ideas, Vital People, and Vital Youth. These three granting programs invested $542k in 33 programs in F2011.

Notice to Donors: Charity Intelligence initially reported on community foundations given the large size of donations these foundations receive. In subsequent research and discussions with community foundations, their operating model does not fit with Charity Intelligence's analysis. Community foundations have significantly different cost structures, invested funds, and results that are not comparable with other charities. Donors looking to establish funds within community foundations should assess: 1. prior investment return track records, 2. restrictions on how much is paid out of funds each year to charities (the payout ratio maximum and minimum), 3. the quality of research provided in helping donors grant to charities, and 4. annual fees. Community foundations can provide services making giving easy, as do other financial service providers. Donors should talk with their financial advisor.

Charity Intelligence can update this report on Toronto Community Foundation if there is sufficient donor interest.

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Finances

Toronto Community Foundation's F2012 administrative costs are 25% of revenues and fundraising costs are 4% of donations. It has funding reserves of $125m (including donor-endowed funds of $51m) which cover annual grants 15 times.

Financial Review


Financial Ratios

Fiscal year ending March
201220112010
Administrative costs as % of revenues 24.7%15.4%18.7%
Fundraising costs as % of donations 4.0%1.8%0.0%
Program cost coverage (%) 1,544.4%1,592.0%1,584.8%

Summary Financial Statements

All figures in $000s
201220112010
Donations 8,89715,19712,747
Investment income 2,97511,86117,276
Other income 608835657
Total revenues 12,48027,89330,680
Program costs 923781744
Grants 16,4027,5096,510
Administrative costs 2,3442,4742,509
Fundraising costs 3572760
Cash flow from operations (7,546)16,85320,917
Funding reserves 124,636131,973114,964

Note: F2012 grants includes $9.3m in extraordinary transfer to another charity.  This amount is excluded from program cost coverage calculation. Fundraising costs were not broken apart from administrative costs on financial statements prior to F2011.  

Salary Information

Full-time staff: 18

Avg. Compensation $95,433

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
0
$160k - $200k
1
$120k - $160k
3
$80k - $120k
0
$40k - $80k
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2011

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Comments & Contact

Comments added by the Charity:

No comments have been added by charity

Charity Contact

Website: www.tcf.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

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