Jewish Legacy Charitable Foundation
Toronto, ON M6A 1Y7
Board Director: John Kaplan
Board Director: Robert Benmergui
Charitable Reg. #: 85131 2082 RR0001
Grade: FThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Impact Rating: Low
Full-time staff #2
Avg. Compensation $96,707
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||0|
|$40k - $80k||1|
About Jewish Legacy Charitable Foundation:
Founded in 2011, Jewish Legacy Charitable Foundation (JLCF) has a mandate, as stated in its audited financial statements, to distribute funds to registered charities and other qualified donees. The description JLCF provided on its programs in its CRA filings is “to receive and maintain a fund or funds and to pay from time to time to qualified donees.” JLCF granted $3.4m (34% of grants) in F2016, $3.6m (45%) in F2015, and $4.0m (49%) in F2014 to Canadian Friends of Ohr Somayach. John Kaplan is a board director of both JLCF and Canadian Friends of Ohr Somayach. Beth Oloth Charitable Organization was the third largest grant recipient with $1.3m (13% of grants) in F2016 and the second largest grant recipient with $1.1m (13%) in F2015 and $1.1m (14%) in F2014. Beth Oloth Charitable Organization reported revenues of $44.6m in F2016 in its CRA T3010 filings and does not have a website.
DONOR ADVISORY: Jewish Legacy Charitable Foundation does not have a website. Ci used F2015 and F2016 financial statements received from the CRA. The received F2015 financial statements contained JLCF’s statement of financial position, statement of changes in net assets, and statement of revenues and expenses; the financial statements did not include financial notes or a letter indicating that the statements were audited. The received F2016 financial statements were redacted.
Jewish Legacy Charitable Foundation is a medium-sized charity with donations of $1.6m in F2016. Note 11 in the charity’s F2016 financial statements may indicate that all donations in F2015 and F2016 came from one organization/donor. The potential donor’s name was redacted. JLCF’s administrative and fundraising costs were 90% of revenues less investment income in F2016. For every dollar donated, 10 cents go the cause, falling outside Ci’s reasonable range for overhead spending. JLCF’s administrative and fundraising cost ratios were significantly higher than F2015 because donations fell by 91%. JLCF was a Major 100 charity in F2015 and F2014, respectively with donations of $18.2m and $27.9m.
Jewish Legacy Charitable Foundation has funding reserves of $135.4m, which can cover 13.4 years of program costs. This program coverage ratio does not show a need for funding.
This report is Ci’s first charity report on Jewish Legacy Charitable Foundation. Ci could not find contact information for Jewish Legacy Charitable Foundation. As such, this report has not been reviewed by the charity.
Updated on August 17, 2018 by Joeyanne Cheung.
Financial RatiosFiscal year ending December
|Fundraising & admin costs as % of revenues||89.8%||7.5%||3.0%|
|Program cost coverage (%)||1,336.2%||1,643.4%||1,418.2%|
Summary Financial StatementsAll figures in $000s
|Fundraising & administrative costs||1,360||1,363||848|
|Cash flow from operations||808||15,339||25,359|