Canadian Friends of Tel Aviv University
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements available on the charity’s website.
D+
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.
92%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 92 cents are available for programs.
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OVERVIEW
About Canadian Friends of Tel Aviv University :
Canadian Friends of Tel Aviv University is a 2-star charity with a low results reporting grade and reasonable overhead costs. With its current reserves the charity can cover under one month of annual grants.
Founded in 1972, Canadian Friends of Tel Aviv University (CFTAU) raises money in Canada for Tel Aviv University (TAU) in Israel. The charity has offices in Montreal and Toronto. Money sent to TAU funds education and research at the university. CFTAU also gives scholarships to recruit Canadian students into TAU’s International Program. Donations to CFTAU can be general, for research, or for scholarships. In F2022, the charity granted $6.8m to the university compared to $11.8m in F2021.
According to Canadian Friends of Tel Aviv University, TAU has nine faculties, over 125 schools and departments, and more than 30,000 students. It is the largest university in Israel and largest Jewish university in the world. In its 2023 World University Rankings, Times Higher Education ranked Tel Aviv University in the top 200 to 250th bracket. It has nine Canadian partners, including: Carlton University, McGill University, Ryerson University, Simon Fraser University, University of British Columbia, University of Montreal, University of Ottawa, University of Toronto, and York University.
In F2022, TAU opened the Lowy International School. Its aim is to expand the collaborations with top universities abroad. TAU also opened the Dan Launchpad, a startup accelerator to help students with their ventures.
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Results and Impact
In F2022, TAU’s Center for Quantum Science and Technology built the first ground station in Israel for optical and quantum communication with satellites.
Prof. Tal Dvir at the Sagol Center for Biotechnology and the Center for Nanoscience and Nanotechnology, developed 3D spinal cord implants. The implants are inserted in patients with paralysis and other spinal cord issues. The charity reports that preclinical trials showed high rates of healed spinal damage and revived walking abilities.
While Ci highlights these key results, they may not be a complete representation of Canadian Friends of Tel Aviv University’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
Canadian Friends of Tel Aviv University received donations and special events revenue of $13.3m in F2022. Donations increased by 199% from F2021. Fundraising costs are less than 1% of donations and administrative costs are 7% of revenues. Administrative costs decreased from being 17% of revenues in F2021, due to an increase in total revenues. This results in total overhead spending of 8%. For every dollar donated, 92 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
In F2022, CFTAU had $7.6m in reserve funds. These are the charity’s cash and investments. Reserve funds have increased by 638% from F2021. In these reserve funds, $250k are endowed by donors. Excluding donor-endowed funds, CFTAU’s funding reserves can cover one year of annual grants and program costs.
This report is an update that has been sent to CFTAU for review. Change and edits may be forthcoming.
Updated on August 11, 2023 by Alessandra Castino.
Financial Review
Fiscal year ending September
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 7.2% | 16.6% | 8.1% |
| Fundraising costs as % of donations | 0.7% | 2.1% | 1.9% |
| Total overhead spending | 7.9% | 18.7% | 10.0% |
| Program cost coverage (%) | 105.7% | 6.5% | 95.4% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 13,296 | 4,444 | 9,427 |
| Government funding | (15) | 168 | 97 |
| Special events | 37 | 213 | 286 |
| Investment income | 8 | 16 | 15 |
| Other income | 956 | 978 | 620 |
| Total revenues | 14,282 | 5,819 | 10,445 |
| Program costs | 75 | 79 | 73 |
| Grants | 6,845 | 11,756 | 8,183 |
| Administrative costs | 1,030 | 963 | 846 |
| Fundraising costs | 88 | 99 | 180 |
| Other costs | (267) | 10 | 23 |
| Total spending | 7,770 | 12,907 | 9,306 |
| Cash flow from operations | 6,512 | (7,088) | 1,139 |
| Capital spending | 0 | 3 | 0 |
| Funding reserves | 7,552 | 1,024 | 8,115 |
Note: Ci adjusted for deferred donations, affecting total revenues by ($7.2m) in F2021, $1.3m in F2020, and $12.5m in F2019. Ci reported endowment fund investment income net of direct expenses, decreasing total revenue by $5k in F2019. It is not reported separately for F2021 and F2020. Ci recognized expense recovery in other income. Other costs include interest and bank charges, and loss on foreign exchange from the operating fund.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
3 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (416) 787-9930