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:

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FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

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.

97%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 97 cents are available for programs.

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Programs

About Jewish Foundation of Greater Toronto:

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 the Jewish people, enhance Jewish life, and strengthen the Jewish community. In F2017, the foundation distributed $22.5m worth of grants to over 350 organizations including hospitals, food banks, Canadian universities, and Israeli foundations.

The foundation works to involve teens in philanthropy. Last year, 59 teens were involved with the Jewish Teen Board of Greater Toronto, focusing on Jewish identity, leadership skills, and philanthropy. Participants spent a year researching community needs. At the end of the year, the teens used what they had learned to decide on some grant allocations.

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. 

Results and Impact: Grants from Jewish Foundation of Greater Toronto allow for UJA Federation to support the PJ Library program. The foundation reports that PJ Library has high impact in developing Jewish identity in children. An estimated 60% of Toronto’s Jewish children between six months and eight years old are involved in the program.

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Finances

Jewish Foundation of Greater Toronto is a Major 100 charity, with donations of $35.4m in F2017. Fundraising and administrative costs are 3% of revenues, so for every $1 donated, 97 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 $321.4m in funding reserves, of which $318.4m is endowed. Excluding donor-endowed funding reserves, the foundation could cover 5 months of grants with reserves. The foundation reports a 10.2% total investment return in F2017. 

Major corporate restructuring in F2017 has impacted the finances of the foundation. A total of $207.1m in assets and $103.4m in liabilities was transferred to United Jewish Appeal of Greater Toronto. F2017 revenues and expenses are significantly different from F2016 because the operations of Jewish Foundation of Greater Toronto have been modified to focus on endowed funds relating to UJA Federation of Greater Toronto.

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 June 22, 2018 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending June
201720162015
Fundraising & admin costs as % of revenues 3.1%13.8%15.9%
Program cost coverage (%) 1,429.9%378.0%318.5%

Summary Financial Statements

All figures in $000s
201720162015
Donations 35,35586,78175,823
Government funding 0322786
Fees for service 020,44418,729
Business activities (net) 04,6074,221
Investment income 28,476(327)19,600
Total revenues 63,831111,827119,159
Program costs 015,48313,790
Grants 22,47550,55055,639
Fundraising & administrative costs 1,09015,50515,823
Other costs 02,2062,558
Cash flow from operations 40,26628,08331,349
Funding reserves 321,362249,589221,096

Note: Ci has reported total investment income as investment income less investment counsel and custodial fees, and catering operations are reported as net, reducing revenue and expenses by ($2.2m) in F2017, ($2.0m) in F2016, and ($2.3m) in F2015. Ci adjusted for the amount due from UJA of Greater Toronto, affecting revenues by $nil in F2017, $1.7m in F2016, and $578k in F2015.

Salary Information

Full-time staff: 78

Avg. Compensation $111,145

Top 10 staff salary range

$350k +
1
$300k - $350k
0
$250k - $300k
1
$200k - $250k
4
$160k - $200k
4
$120k - $160k
0
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2016

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Comments & Contact

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Charity Contact

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

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