CharityIntelligence Canada

Jewish Legacy Charitable Foundation

201 Bridgeland Ave
Toronto, ON M6A 1Y7
Board Director: John Kaplan
Board Director: Robert Benmergui

Website: n/a
Charitable Reg. #: 85131 2082 RR0001
Sector: Religion
Public Foundation

Results Reporting

Grade: F

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

Financial Transparency

Audited financial statements available only through official request for information from Canada Revenue Agency [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Impact Rating: Low

Full-time staff #2

Avg. Compensation $96,707

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 0
$40k - $80k 1
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

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.

Financial Review:

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 Ratios

Fiscal 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 Statements

All figures in $000s
Donations 1,59018,20027,908
Investment income 10,7846,5036,465
Other income (75)93149
Total revenues 12,29924,79734,522
Grants 10,1318,0948,315
Fundraising & administrative costs 1,3601,363848
Cash flow from operations 80815,33925,359
Funding reserves 135,364133,017117,918
Note: Ci reported foreign currency translation gain under other revenue.