annual report 2018–2019 - toronto foundation...university, elisa is deepening her commitment to...

ANNUAL REPORT 2018–2019

Toronto’s name comes from the Kanien’kéha (Mohawk) word tkaronto,

which means “where there are trees standing in the water,” a reference to the fishing weirs once common to this area.

Toronto has been a gathering place for Indigenous people since time immemorial. We acknowledge we are on the traditional territories of the

Huron-Wendat, the Anishinabek Nation, the Haudenosaunee Confederacy, and the Mississaugas of the Credit First Nation. Today, Toronto is still the

home of many Indigenous peoples from across Turtle Island. We are grateful to have the opportunity to work, live, play and give on this territory.

“At Toronto Foundation, I’ve learned just how deep inequality in our city goes. But our challenges are not intractable. Here, I’m part of a community of people who are working to make things better.”

CATHY RICHARDS, Fundholder, Cathy J. Richards Friends & Family Fund

05 Gathering Momentum: A Message from Sharon Avery

06 FEATURED STORY Elisa Levi

08 Our Shared Home

10 Gathering Together: A Message from Bill MacKinnon

11 Board of Directors and Committees

13 Staff

14 FEATURED STORY Natalie Townsend

17 SPOTLIGHT Toronto Aboriginal Support Services Council

18 Facing Our Shared History

20 Healing Together

22 Sharing Space, Opportunity, and Power

24 Our Discretionary and Donor-Led Granting

25 Discretionary Grants

26 Social Impact Investing

29 Strategic Granting Selection Committees

30 Professional Advisors

32 FEATURED STORY Caroline Wight, Keith Thomson, and Serena Hak

35 Fraser and Frances Deacon Legacy Society

37 New Funds in 2018/19 Fiscal Year

38 FEATURED STORY Mary Rowell Jackman

40 Individual, Family, and Corporate Funds

47 Agency Funds

47 Investment Pooling Funds

48 SPOTLIGHT CANVAS Arts Action Programs

50 Summary Financial Information

51 Financials

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GATHERING MOMENTUM

Recently I took my children to St. Lawrence Market for the first time. It was a Saturday, the busiest day, and as I watched the faces of my fellow market-goers – some smiling, some visibly impatient – I felt like I was part of something bigger than my little family.

All of us were gathered there for the shared purpose of finding nourishment and breaking bread. And it dawned on me that we were living out the longstanding legacy of our city as a gathering place for diverse people, cultures, foods, and ideas.

At Toronto Foundation, we carry on that same tradition. We know that when we come together, when we work together, we can achieve so much more than if we act alone. That’s why we’ve tried, since our beginning, to act as a hub for social change. We strive daily to bring together community leaders, industry experts, government and philanthropists to create a fairer and more just society where everyone can thrive.

Why? Because we’re all better off when all of us are succeeding. A growing amount of research shows how inequality damages us all. But none of us can achieve a fair and just society alone — we all need to be part of finding solutions and making decisions. We all need a seat at the table.

Over the past year or so, together with our partners, we’ve helped move the dial. Last summer, after two violent attacks in our city, we came together with the City of Toronto and established the #TorontoStrong Fund to coordinate the outpouring of donations for victims and their families. In November, with partners including the Environics Institute for Survey Research, we released the Toronto Social Capital Study, a benchmarking report that looks at the relationships we have with our city, our families, and our neighbours.

Throughout the year, we’ve continued on our journey alongside next generation philanthropists to pursue a more humble and equitable philanthropy. And this spring, we took a meaningful step on our reconciliation journey and partnered with the Circle on Philanthropy and Aboriginal Peoples in Canada to co-host the Decolonizing Wealth Tour.

We’ve done a lot of healing together, bounced back from incredible trauma, and pushed forward for a fairer distribution of power and opportunity.

But we still have a lot of work to do. Toronto is the income inequality capital of Canada. Women, young people, and racialized people are still not at decision-making tables. Small and mid-sized charities doing work fundamental to our collective quality of life only get a fraction of the donations.

Though these are sobering realities, I stay motivated and hopeful. I’ve heard it said that: if you want to go fast, go alone; if you want to go far, go together. At Toronto Foundation, we want this city to go far. And we know that the only way we’ll get there is by working together to bring everyone along with us.

In solidarity,

Sharon Avery, President & CEO Fundholder, Avery Family Foundation

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Elisa Levi is not the type to put all her eggs in one basket. “There are many different people in my life that I go to for different things,” she says when describing her most important relationships.

In particular, she credits her large family from Neyashiinigmiing and Elsipogtog First Nations with providing the support she needed when she moved to Toronto by herself at 16 years old to attend high school, and to later achieve her master’s degree in Public Health.

As Elisa started working with First Nations communities on health initiatives, she found that reciprocal relationships were more important than ever. “I saw that nonprofit organizations wanted to support Indigenous communities,” she says. “But their attitude was, ‘How can we help?’ And that’s very one-sided.”

Seeing the disconnect, Elisa helped found the Circle on Philanthropy and Aboriginal Peoples in Canada in 2012. “We wanted to support foundations and charities to work with Indigenous communities, rather than ‘helping’ them. We wanted to find ways for people to work together.”

Now a medical student at McMaster University, Elisa is deepening her commitment to Indigenous health and wellness. As a Toronto Foundation Fundholder (Reset Foundation) and a Vision 2020 cohort member, she has noticed a welcome change in attitude in the charitable sector. “Charities are now co-designing strategies and solutions with people they want to work with,” she says. “The more people are at the table, the more energy and passion there is, and the more great ideas are generated.”

The more people are

at the table, the more

energy and passion there is,

and the more great ideas

are generated.

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OUR SHARED HOME

2.9M people live in Toronto

52% of Torontonians are visible minorities

630 square kilometres of land

70,000 Indigenous people live in Toronto

51% of Torontonians were born outside of Canada

140 neighbourhoods

10M trees

1,600 parks

5,000+ charities

100 public library branches

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1% of Toronto households bring home $250,000 or more in income

68% growth in income inequality between 1970 and 2015

35% of Torontonians are low-income earners (less than $20,000)

$2.1B donated to charity by Torontonians in 2017 (a 6% increase from 2016)

902,150 Torontonians who filed taxes made a charitable donation in 2017

$430 was their median annual donation amount

TGATHERING TOGETHER

Toronto Foundation is where we gather to work together for a better city. But in order to change things, we need to be specific about how we’re going about it.

We need to rally around a common goal, and figure out how we’re going to achieve it. With this in mind, we asked ourselves: why does Toronto Foundation exist?

We’ve spent the past year grappling with this deceptively simple question. We came together with members of our community, including Fundholders, Board members, community leaders, professional advisors, and staff. We gathered opinions, ideas and visions for our organization, and for our city. Together, with help from Overlap Associates, we worked to create a clear, well-defined strategic plan for Toronto Foundation. And together, we came to realize our purpose is to create a fairer and more just society where everyone can thrive by mobilizing those with resources and the will to partner with others.

We’re not the only ones looking inward right now. Our city is also asking itself a very important question: how do we solve Toronto’s biggest challenges? Though we don’t yet have all the answers, we do know that philanthropy plays a critical role. And we also know we all must work together, because philanthropy, and our city, needs everybody.

Sincerely,

Bill MacKinnon Chair Toronto Foundation Board of Directors

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BOARD OF DIRECTORS

Bill MacKinnon

(Board Chair)

Corporate Director

Claire Duboc

(Board Vice-Chair)

Managing Director,

BEACON/CBT

Associates

Greg Wilkinson

(Board Vice-Chair)

Managing Principal,

Ontario, Earnscliffe

Strategy Group

Neala Barton

Vice-President,

Communications and

Client Experience,

Canadian Institute for

Health Information

Michael Brooks

CEO,

Real Property

Association of Canada

Ian L. T. Clarke

Chief Financial

Officer, Greater

Toronto Airports

Authority

Rick Goldsmith

Retiree Partner,

KPMG

Edward Greenspon

President & CEO,

Public Policy Forum

Sue Griggs

Leadership Coach,

The Coaching

Project Inc.

Sandy Houston

President & CEO,

Metcalf Foundation

Brenda Lee-Kennedy

Partner, Taxation,

Price Waterhouse

Coopers Management

Services, LLP

Nancy McCain

Chair,

Arts Access Fund

Dennis Mitchell

CEO and CIO,

Starlight Capital

André Perey

(Corporate Secretary)

Partner, Osler, Hoskin

& Harcourt LLP

Ceta

Ramkhalawansingh

Corporate Equity and

Diversity Manager,

City of Toronto

(Retired)

Lola Rasminsky

Founding Director,

Avenue Road Arts

School

John L. Sherrington

Investment Banker

Andrew Spence

Investment

Professional

& Economist

Natalie Townsend

Managing Partner,

NorthRock Capital

Martin Connell

(Chair Emeritus)

Sharon Avery

(Ex officio)

President & CEO,

Toronto Foundation

40% of Toronto Foundation Board members are women

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BOARD COMMITTEES

COMMUNITY INITIATIVES COMMITTEE

Sue Griggs, Chair

Rick Goldsmith

Ed Greenspon

Nancy McCain

Bill MacKinnon, Ex officio

Ceta Ramkhalawansingh

Lola Rasminsky

Natalie Townsend

Greg Wilkinson

Sharon Avery, Ex officio

Julia Howell, Staff

Simone Dalton, Staff

Tyler Demers, Staff

Sara Krynitzki, Staff

Sarah Pendleton, Staff

FINANCE & AUDIT COMMITTEE

Ian Clarke, Chair

Michael Brooks

Elizabeth Gitajn*

Dan Golberg*

Brenda Lee-Kennedy


André Perey


Denise Arsenault, Staff

Mark Heazle, Staff

GOVERNANCE COMMITTEE

Greg Wilkinson, Chair

Ian Clarke


André Perey

John Sherrington

Andrew Spence

Natalie Townsend


INVESTMENT COMMITTEE

Andrew Spence, Chair

Robert Bertram*

Ian Clarke, Ex officio

Mario Ferrara*

Michael Herrera*, Ex officio

John B. MacIntyre*


Heather Mason-Wood*

Dennis Mitchell

Jane Row*

John Sherrington



Mark Heazle, Staff

SOCIAL IMPACT INVESTMENT COMMITTEE

John Sherrington, Chair

Neala Barton

Rick Goldsmith

Harvey Griggs*

Sandy Houston


André Perey



Nadien Godkewitsch, Staff

We have to transform the

way we tackle community

challenges. We can’t operate alone

and we can’t do it for others –

we have to do it with others.

STRATEGIC PLANNING PARTICIPANT

*Non-board member

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STAFF AS OF JUNE 2019

Denise Arsenault*

Sharon Avery*

Elizabeth Aqui-Seto

Anne Brayley*

Sasha Chabot-Gaspé

Sarah Chiddy

Ann Clark

Simone Dalton*

Tyler Demers

Aruna Dey

David Fox

Nadien Godkewitsch

Aneil Gokhale*

Lisa Grislis*

Julia Howell*

Torey Kehoe

Sara Krynitzki

Nicole Lilauwala

Sarah Muir

Sarah Pendleton*

Lauren Rosenfeld

Marya Syed

Georgy Thomas

*Staff who are also Fundholders

At Toronto Foundation, I get to work on the issues I care most about

and contribute to making Toronto a better city for everyone.”

NICOLE LILAUWALA, Development Coordinator, Toronto Foundation

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Natalie Townsend is a firm believer in the power of partnerships. That’s why, after one year on Toronto Foundation’s Board of Directors, she joined the Community Initiatives committee in 2011.

“The committee’s work centers on convening with partners,” she explains. “We needed to work together with community members and organizations doing incredible work on the ground to increase impact.”

Around the same time, Natalie established the Townsend Family Foundation. As her understanding of the charitable landscape expanded, so too did her granting. “Through my work with Toronto Foundation, I learned about under-the-radar organizations like the Arts Access Fund, VIBE Arts, Sistema, Frontier College and Anishnawbe Health.”

Though Natalie’s tenure on the Board is now ending, she remains a fixture within the Toronto Foundation community as a Fundholder. As she moves on to new and exciting opportunities, her faith in partnerships remains as strong as ever. “One of the most fulfilling parts of working with Toronto Foundation has been seeing the way social change can be catalyzed,” she reflects. “It’s been eye-opening to see how philanthropy can have far more impact and far more sustainability when it’s done in partnership with others.”

Philanthropy can

have far more impact

and far more sustainability

when it’s done in partnership

with others.

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HT TORONTO ABORIGINAL

SUPPORT SERVICES COUNCIL

Through research, policy, training and advocacy, the Toronto Aboriginal Support Services Council (TASSC) addresses the social determinants of health to enhance the socio-economic prospects and cultural wellbeing of Aboriginal peoples living in the city of Toronto. TASSC is made up of 18 member and associate member organizations that serve Indigenous people in Toronto.

Investing is action.

Investing is doing.

Count how many times you have

funded Indigenous organizations

over the last five years, and

compare that to the number of

organizations you’re funding that

are not Indigenous.

LINDSAY (SWOOPING HAWK) KRETSCHMER, Executive Director, Toronto Aboriginal Support Services Council

ONLY 1% of charitable donations in Canada go to charities serving Indigenous peoples

Through Fundholder-led and discretionary grants Toronto Foundation has granted over

$1.1M TO INDIGENOUS-SERVING ORGANIZATIONS and programs since signing the Philanthropic Community’s Declaration of Action

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FACING OUR SHARED HISTORY

The first step towards building a fairer and more just society is understanding the roots of inequality, and in Canada, that starts with our colonial history.

It is important for all of us to understand historic wrongs against Indigenous peoples, and the role this continues to play in all of our lives. Most importantly, in order to truly heal, we must support Indigenous communities and organizations to achieve their own self-determined priorities.

In 2017, Toronto Foundation signed the Philanthropic Community’s Declaration of Action. Since then, we have taken our commitment to reconciliation seriously. We started by reaching out to Indigenous leaders and organizations in Toronto to build meaningful and reciprocal relationships and to understand how we can better support Indigenous communities in the city.

We have been working to amplify Indigenous voices and perspectives through our work, and prioritizing Indigenous organizations in our discretionary granting programs. Since 2017, together with our Fundholders, we have supported 27 Indigenous organizations and programs for a total of $1.1M.

We still have a long way to go on our reconciliation journey, and we face it with humility.

Through Fundholder-led and discretionary granting, Toronto Foundation has granted to

27 INDIGENOUS-FOCUSED ORGANIZATIONS since signing the Philanthropic Community’s Declaration of Action

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ryTHE PHILANTHROPIC COMMUNITY’S DECLARATION OF ACTION

The Philanthropic Community’s Declaration of Action calls on all Canadian philanthropic organizations to work towards reconciliation and implement the Truth and Reconciliation Commission’s calls to action. Signatories commit to understanding the disastrous effects of the Indian Residential School System while nurturing relationships and sharing resources with Indigenous communities. To learn more, visit philanthropyandaboriginalpeoples.ca/declaration.

DECOLONIZING WEALTH CANADIAN TOUR

On May 9, 2019, The Circle hosted the Decolonizing Wealth Canadian Tour in partnership with Toronto Foundation. Edgar Villanueva, author of Decolonizing Wealth, spoke about his experiences as an Indigenous person working in philanthropy, and explained how wealth can be used as a healing tool in the reconciliation process. Participants also heard from a panel of local Indigenous leaders, and nonprofit and finance experts. The afternoon ended with a workshop where participants gained a deeper understanding of how to decolonize personally and professionally.

Based on the session, I plan to include Indigenous

youth in my philanthropy and speak out about

colonization and racism in my own peer group.

FUNDHOLDER PARTICIPANT

at the Decolonizing Wealth Canadian Tour

Sarah Race Photography

THE CIRCLE ON PHILANTHROPY AND ABORIGINAL PEOPLES IN CANADA

The Circle on Philanthropy and Aboriginal Peoples in Canada (The Circle) transforms philanthropy and contributes to positive change with Indigenous communities by creating spaces of learning, innovation, relationship-building, co-creation, and activation. To learn more, visit philanthropyandaboriginalpeoples.ca.

Indigenous philanthropy, the

ways of stewarding resources,

has been around since the beginning

of time. In fact, the reason we’re still

here says a lot about our ability to

adapt and innovate.”

KRIS ARCHIE Executive Director, the Circle on Philanthropy and Aboriginal Peoples in Canada

Money, used as medicine,

can help us decolonize.

EDGAR VILLANUEVA, Author, Decolonizing Wealth

http://philanthropyandaboriginalpeoples.ca/declaration

http://philanthropyandaboriginalpeoples.ca

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HEALING TOGETHER

Urban resilience is the capacity of individuals, communities, institutions, and systems within a city to survive, adapt, and thrive in the face of the chronic stresses and acute shocks they experience.

A shock is a sudden sharp event that threatens the immediate well-being of a city, like:

• flash storms that lead to flooding • heatwaves • blizzards and cold snaps • power outages

A stress is chronic, meaning it plays itself out day after day. Stresses can weaken the fabric of our city, and impact our ability to bounce back in response to a shock. They can include:

• growing economic inequality • a worsening housing crisis • difficulty getting around • aging infrastructure

Resilience is, without a doubt,

our most powerful weapon

against the chronic stresses

we face here in Toronto.

SHARON AVERY, from the Toronto Resilience Strategy

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rTORONTO NEIGHBOURHOOD RESILIENCE GRANTS

Through the Toronto Neighbourhood Resilience Project, Toronto Foundation and the City of Toronto’s Resilience Office came together with Vision 2020 philanthropists, community leaders, and city residents to invest in projects designed to strengthen the city’s social fabric.

After a series of Resilience Labs, nine resident-led initiatives were selected to receive Toronto Foundation Resilience Builder Grants of up to $25,000.

NINE community organizations received grants of up to $25,000

#TORONTOSTRONG On April 23, 2018, Toronto was devastated when a van attack on Yonge Street left 10 dead and 16 injured, and again on July 22, 2018, when two people were killed by gunfire and 13 others injured on the Danforth. In solidarity, Toronto Foundation joined forces with the City of Toronto to coordinate the outpouring of donations made in support of the victims.

The Barbara Hall Community Resilience Fund was created in partnership with the Wellesley Institute to support a coordinated network of crisis responders in the event of future acts of mass violence.

What makes

Toronto strong is its

inclusiveness, multiculturalism,

and multi-faith communities,

and its bravery through

adversity. Toronto Strong

today and forever.

#TORONTOSTRONG DONOR

$4.1M was distributed to 41 victims and families through the #TorontoStrong Fund

TORONTO SOCIAL CAPITAL STUDY

In November 2018, with partners including the Environics Institute for Survey Research, we released the first-ever Toronto Social Capital Study, a benchmarking report assessing how we connect with one another.

Social capital is an essential part of urban resilience. It’s our relationships, both formal and informal. When our social connections are strong, there is trust and reciprocity. We lean on each other. We help each other out in tough times. We accomplish more together than we can possibly do alone. To learn more, visit

torontofoundation.ca/vitalsigns

The Toronto Social Capital

Study taught me that social

capital is essential to our city’s

wellbeing, and inspired me to give

in support of this important work.

TORONTO FOUNDATION FUNDHOLDER

https://torontofoundation.ca/vitalsigns/

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SHARING SPACE, OPPORTUNITY, AND POWER

In a fair and just society, everyone must have a seat at the table, especially those who have been historically excluded, like women, young people, racialized people, and marginalized people. We must all be part of decision-making, and have access to opportunities that allow us to thrive.

WHAT IS SOCIAL EQUITY? Social equity is an approach whereby all people — including those who bear the burden of historic and contemporary forms of marginalization, whether intentional or unintentional — have equal access to opportunities to define and achieve goals. Equity is more than an outcome; it is an on-going process that seeks to correct systemic barriers and create a more just and fair society for all.

Toronto women earn around 15% less than men, while racialized women in Toronto have a median total income approximately $12,000 less than non-racialized women

Toronto residents aged 25 to 29 have the lowest levels of social capital of any age group

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rEQUITY IN CHARITABLE GIVING: DID YOU KNOW?

66% of all charitable revenue in Canada goes to 1% of the organizations because the small- and medium-sized charities that make up the bulk of charitable organizations in the country often lack the capacity to fundraise.

85% of government funding to charities goes to the 1% that reported more than 200 employees.

EQUITY IN THE PHILANTHROPIC COMMUNITY: VISION 2020

Vision 2020’s inclusive and equitable approach to philanthropy is making space for diverse new philanthropists and grassroots community organizations and leaders.

This new, equitable model includes: • A lower barrier to entry — participants were required

to contribute $10,000 to establish their permanent endowments, less than half of the traditional minimum amount.

• A series of learning opportunities that focus on community-building and collaboration.

• A program grounded in co-creation that evolved to suit participants’ feedback.

• A focus on under-the-radar community organizations that play a big role in supporting Toronto’s most vulnerable populations.

• Opportunities for participants to learn from community residents and leaders, and build authentic relationships with each other.

The new faces of philanthropy are from all

different backgrounds. We’re saying that we

can help, we can make a difference, but we’re going

to do it our way.

ALICIA MATHLIN,

Vision 2020 Fundholder, Theine Foundation

115diverse new donors between the ages of 23 and 50 are now in their second year of Vision 2020

TOTAL

$19M

24FUNDING CHANGE

OUR DISCRETIONARY AND DONOR-LED GRANTING

TOTAL GRANTING GRANTS MADE TO 828 CHARITIES

GRANTED ACROSS TORONTO

GRANTS BY REGION

TORONTO $11.4M

NATIONAL ORGANIZATIONS

$3.4M REST OF CANADA

$1M INTERNATIONAL

$1.4M

OTHER ONTARIO

$1.8M GRANTS BY TYPE

DONOR LED

$14.1M

FOUNDATION LED

$4.9M*

TOTAL

$19M * $4.1M from #TorontoStrong Fund, in partnership with the City of Toronto

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DISCRETIONARY GRANTS

VITAL IDEAS AND LEADERSHIP GRANTS*:

$476K Facing History and Ourselves

Homeless Connect Toronto

Lay-Up Youth Basketball

North York Women’s Shelter

Second Harvest

Together Project

VIBE Arts

Visions of Science Network for Learning

* Vital Ideas and Leadership grants were not allocated until the close of the fiscal year, and are not included in the financial statements

RESPONSIVE GRANTS:

$193K Civic Action Leadership Foundation (with Angela Longo Fund)

Daily Bread Food Bank (CBC Sounds of the Season)

Durham District School Board

Great Lakes One Water Partnership

Indigenous People’s Program at Parliament of the World Religions Conference

The Local

New Models for Community Benefit Organizations

Powered by Data Project

Phyllis Berck Scholarship (University of Toronto Faculty of Kinesiology and Physical Education)

The Stop Community Food Centre

#TorontoStrong Fund: Yonge St.

#TorontoStrong Fund: Danforth

TORONTO FOUNDATION STAFF GRANTS*:

$60K Aboriginal Legal Services

Big Brothers Big Sisters

Cliffcrest Community Centre

CNIB

dance Immersion

Greenest City

Hot Docs

L’Arche

Leave Out Violence (LOVE) Ontario

Miziwe Biik Aboriginal Employment and Training

Native Canadian Centre of Toronto

The Stop

Thorncliffe Park Women’s Committee (Trustee: Scadding Court Community Centre

Tool Library (Trustee: Institute for a Resource Based Economy)

Toronto Council Fire Native Cultural Centre

Toronto Rehabilitation Institute Foundation

WoodGreen Community Services

* Staff grants were not allocated until the close of the fiscal year, and are not included in the financial statements

RESILIENCE GRANTS:

$190K Agincourt Community Services Association

Black Creek Community Health Centre

Boys & Girls Club of East Scarborough

East Scarborough Storefront

North York Community House

Parkdale Activity Recreation Centre

Rexdale Community Health Centre

Scadding Court Community Centre

The Neighbourhood Organization

VITAL YOUTH GRANTS:

$147K Action Against Hunger (Canada)

Art Starts

Christie Ossington Neighbourhood Centre

Girls E-Mentorship

Jane/Finch Community Tennis Association

Lady Ballers Camp

Native Child and Family Services of Toronto

Sistema Toronto Academy

The Neighbourhood Group

The Peer Project | Youth Assisting Youth

SPECIAL INITIATIVES:

$353K Recipe for Community

Beyond 3:30

Toronto Sport Leadership Program

Pan Am Path

26FUNDING CHANGE

SOCIAL IMPACT INVESTING

Social impact investing is now a core

business we are using to put more of our

assets to work for good.

As with our traditional portfolio, our social impact investments must pass a thorough due diligence process that evaluates social/environmental impact and financial returns, coupled with the level of risk. Guided by our Social Impact Investment Committee and working with our partners at the MaRS Centre for Impact Investing, we have made eight investments to date that address key issue areas from our Toronto’s Vital Signs Report.

WHAT IS SOCIAL IMPACT INVESTING? Also known as social finance or outcomes finance, impact investments are investments into a social enterprise or financial vehicle that is intended to generate a positive social or environmental impact, as well as a financial return.

Toronto Foundation has made

$5.5M in social impact investments

as of June 30, 2019

90% of investors are interested in making social impact investments

OUR SOCIAL IMPACT INVESTMENTS

1 Artscape Launchpad $1M loan

2 CoPower $750K green bonds

3

Evergreen Future Cities Centre $500K loan

4

Habitat for Humanity $1.5M loan

5 InvestEco $350K sustainable food fund

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New Commons Development $500K equity investment

7

The Rumie Initiative $650K loan

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Windmill Microlending $250K loan

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gINTRODUCING THE VITAL SOCIAL IMPACT INVESTMENT FUND This year, we created a new opportunity for donors to contribute to a fund dedicated entirely to social impact investments. With a gift of $25,000 or more, donors can have a named fund. We offered a one-to-one match as incentive for early adopters. We also undertook an Ontario-wide call for proposals. A Social Impact Investment Review Committee was struck to help us assess applications from across the province and recommend investments.

SOCIAL IMPACT INVESTMENT REVIEW COMMITTEE Rick Goldsmith Retired Partner, KPMG LLP

Harvey Griggs Serial Entrepreneur and Social Investor

Cathy Richards Entrepreneur

John Sherrington Retired Vice-Chair, Global Investment Banking, Scotiabank

Albert Tseng Social Entrepreneur

With a social impact investment fund, 100% of my money

is working on behalf of the community.

JANEY LAW, Fundholder, NJ Foundation

NEW IN THE YEAR ENDED JUNE 30, 2019 CoPower | $750K green bonds Founded in 2013, CoPower is Canada‘s first clean energy investment platform, providing impact investors with the opportunity to invest in a portfolio of senior, secured loans to clean energy infrastructure projects that generate a financial return and measurable climate benefits. CoPower finances clean energy and carbon-reducing infrastructure across Canada.

InvestEco | $350K sustainable food fund InvestEco is a certified B Corp providing impact fund management. The Sustainable Food Fund impact investment focus is in high growth North American companies that promote health and sustainability in the food and agricultural sector. Measurable social benefits for Ontarians include: healthier food for consumers, supporting better economies for small farmers, and the re-building of supply chains in smaller communities across Ontario.

The Rumie Initiative | $650K loan Rumie uses low-cost technology to affordably link isolated or disconnected communities to the latest and best free learning content available online for use where technology and the internet is limited. It is currently used via critical partnerships in Ontario working with newcomers and First Nations groups, and across 27 countries worldwide.

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STRATEGIC GRANTING SELECTION COMMITTEES Our strategic grantstreams (Vital Youth and Vital Ideas and Leadership*) awarded grants to leading high-impact charitable organizations in Toronto that address issues identified in the Toronto’s Vital Signs Report. Applications were assessed according to grant-making best practices, and selection committees made up of past recipients, Fundholders, professional advisors and community leaders met to recommend the allocation of available funds to the Foundation’s Board of Directors.

2018/19 VITAL YOUTH SELECTION COMMITTEE

Stachen Frederick Executive Director Weston Frontlines Centre Past Toronto Foundation Grant Recipient

Jason Ryle Artistic + Managing Director imagineNATIVE Past Toronto Foundation Grant Recipient

Amanda Stacey Partner Norton Rose Fulbright Canada LLP Professional advisor

Janey Law Toronto Foundation Fundholder NJ Foundation

Norman Young Toronto Foundation Fundholder NJ Foundation

Karen Varadi Community volunteer

Kevin Barber Fidelity Investments Canada Professional advisor

Diane Spivak Toronto Foundation Fundholder Diane Spivak Foundation

2018/19 VITAL IDEAS AND LEADERSHIP SELECTION COMMITTEE* Jason Samilski Creative Director CUE Past Toronto Foundation Grant Recipient

Toyo Ajibolade Founder and Executive Director Lady Ballers Camp Past Toronto Foundation Grant Recipient

Lindsay (Swooping Hawk) Kretschmer Executive Director Toronto Aboriginal Support Services Council

Lauren Albert Principal and Executive Optimist, impACT giving Community volunteer

Seema Shah Toronto Foundation Fundholder Ravin and Seema Shah Foundation

Allison Meserve Toronto Foundation Fundholder Equity Foundation

Hadielia Yassiri Head of Strategic Wealth Planning Forthlane Partners Community volunteer

Alan Kriss CEO Specialisterne Canada Community volunteer

Martin Ship Fraser and Frances Deacon Legacy Society member

*Vital Ideas and Leadership grants were not allocated until the close

of the fiscal year, and are not included in the financial statements

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PROFESSIONAL ADVISORS Professional advisors can ensure that charitable giving plays a meaningful role in overall financial planning and help bring philanthropic goals to life.

Professional advisors often get involved with Toronto Foundation in the following ways:

1

Refer clients

2

Start a fund

3

Sit on a board committee

4

Sit on selection committees

5

Attend Toronto Foundation events

ACCOUNTING Cora Andrews PWM Professional Corporation

Ninette Bishay Hogg Shain & Sheck

Ashley Houlden Duff & Phelps Canada Limited

Brenda Lee-Kennedy PricewaterhouseCoopers

Elio Luongo KPMG

Marion MacDonald Hilborn LLP

Jill McAlpine PricewaterhouseCoopers

David McWhirter Adams & Miles LLP

James Myers Myers Tsiofas Norheim LLP

Nino Pannozzo Assante Capital Management Ltd.

Leslie Slater Hilborn LLP

Alexandra (Ali) Spinner Crowe Soberman LLP

Lorraine Varga Rosenswig McRae Thorpe LLP

Geoffrey Warren Giroday LLP

Dale Williams WBM Partners LLP

INSURANCE Jack Bergmans Bequest Insurance

Dennis Caponi DF Caponi Insurance Agency Ltd.

Frank Creaghan Creaghan McConnell Group Ltd.

Jeffrey Dawson Jeffrey Dawson Insurance Agencies Ltd.

Gregory Deacon Deacon Kalata Consulting Services Inc.

William Deacon Deacon Group

Judy Dore Bequest Insurance

Mark J. Halpern WEALTHinsurance.com

Gwen Harvey BridgeWater Family Wealth Services

Jordan Matters Leyland Insurance Solutions

M.J. (Marty) McConnell Creaghan McConnell Group Ltd.

David Miklas Stewart Financial

Joseph Pal Pal Insurance Services Limited

C.A. (Charlie) Pielsticker C.A. Pielsticker Insurance Agency Ltd.

Ted Polci First York Insurance Agency Limited

Michael Vukets Michael Vukets & Associates

Ted Warburton First York Insurance Agency Limited

Support/Partner

http://WEALTHinsurance.com

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Arthur Angus Hooey Remus

Tammy Anklewicz Fogler, Rubinoff

Risa Awerbuck Torkin Manes LLP

Ismail Barmania Barmania Lawyers

Gwen Benjamin Wilson Vukelich LLP

Eldon Bennett Aird & Berlis LLP

Maureen Berry Fasken

Mark Blumberg Blumberg Segal LLP

Rachel Blumenfeld Aird & Berlis LLP

Howard Carr Fasken

Brian Cohen Gowling WLG Canada

Sheila M. Crummey McCarthy Tétrault

Nicole D’Aoust Miller Thomson LLP

Mary Louise Dickson Dickson MacGregor Appell LLP

Lori Duffy WeirFoulds LLP

Ambie Edgar-Chana Edgar Chana Law

Jessica Feldman Chittley Bales Beall LLP

Layth H. Gafoor Lucentem Sports & Entertainment Law

Genevieve Giroday Giroday LLP

Linda Godel Torkin Manes LLP

Joanne Golden Minden Gross LLP

Lindsay Histrop Gardiner Roberts LLP

Maria Elena Hoffstein Fasken

Eric Hoffstein Fogler, Rubinoff

Emily Hubling Fasken

Ian Hull Hull & Hull LLP

Danielle Joel Borden Ladner Gervais LLP

Alan Kay McMaster, McIntyre & Smyth, LLP

Heather Keachie Gardiner Roberts LLP

Hilary Laidlaw McCarthy Tétrault

Teresa F. Lee The Law Office of Teresa F. Lee

Darren Lund Fasken

Mary MacGregor Dickson, MacGregor, Appell LLP

Mary Main Keyser Mason Ball LLP

Lucinda Main Beard Winter LLP

Susan Manwaring Miller Thomson LLP

William Martin William D. Martin, BA, LLB

Jesse Mighton Davies Ward Phillips & Vineberg LLP

Maureen Monaghan Monaghan Barristers and Solicitors

Miro Oballa Taylor Oballa Murray Leyland LLP

Margaret O’Sullivan O’Sullivan Estate Lawyers

James Parks Gardiner Roberts LLP

Gaylanne Phelan The Estate Mediation Group

Warren Ragoonanan WRD LLP

Susannah Roth O’Sullivan Estate Lawyers

Preben Schmidt Preben Schmidt Law Office

Natasha Smith Miller Thomson LLP

Crawford Spratt Borden Ladner Gervais LLP

Amanda Stacey Norton Rose Fulbright

Brittany Sud Fasken

M. Jasmine Sweatman Sweatman Law Firm

Mona R. Taylor Blaney McMurtry LLP

Sylvia C.Y. Tseng Paterson MacDougall LLP

Laura Tyrrell Laura M. Tyrrell Barrister

Timothy Unwin

Andrew Valentine Miller Thomson LLP

Aly Virani Blaney McMurtry LLP

Edward J. Waitzer Stikeman Elliot LLP

Robert Wakulat WRD LLP

Corina Weigl Fasken

Nicole Woodward Dentons

If you’re not talking to your clients about philanthropy, one of your

competitors will. Working with Toronto Foundation is a great way

to increase your philanthropic knowledge base.”

KEITH THOMSON, professional advisor and Fundholder of the Keith, Tanja and Kiera Thomson Fund

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It took Caroline Wight a long time to completely trust her financial advisor Keith Thomson. “I didn’t come from very much, so the idea of handing over my investments to someone made me anxious, she explains.

Keith, a managing director at Stonegate Private Counsel and Fundholder of the Keith, Tanja and Kiera Thomson Fund, nods in agreement. “As I recall, Caroline’s due diligence took over a year,” he says, shooting Caroline a smile.

Ten years later, Keith and Caroline now have a solid relationship based on mutual trust and support. When Keith heard about the Trust Collective, Toronto Foundation’s response to the growing need for investment in women’s and girls’ issues, he knew it would be the right fit. “Caroline is all about community,” he says. “I knew she would be interested in being part of this great group of like-minded women.”

Though Caroline has only just joined the Trust Collective and opened her fund, The Caroline Wight Foundation, she’s already starting to make invaluable connections. “In my life, I haven’t experienced a great deal of gender discrimination, and I’m realizing that I’ve been very privileged,” she says. Serena Hak, an associate at Stonegate Private Counsel and Vision 2020 Fundholder of The Hak Foundation, can relate. “That’s part of the whole journey,” she says. “Being part of Vision 2020, I’ve also realized my own privilege.”

Looking forward, Caroline has great hope for what she’ll experience on this journey. “I’ve always been a giver, like many other women, but I’d never really had a gender lens,” she explains. “The Trust Collective is bringing me on a new path in life, a new exciting opportunity to invest. I see a great adventure ahead.”

When you have

conversations about

philanthropy with your

clients, you’re touching on

values. It can’t help but deepen

your client relationships.

KEITH THOMSON, professional advisor and Fundholder of the Keith, Tanja and Kiera Thomson Fund

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PROFESSIONAL ADVISORS

WEALTH MANAGEMENT Lauren Albert Impact Giving

Lisa Applegath CIBC Wood Gundy

Nino Ardizzi Hollis Wealth Advisory Services Inc.

Carole Aronovitch WealthMapping Inc.

Emily Ben-Haim Gluskin Sheff + Associates Inc.

Peter R. Bennett BluePrint Wealth and Estate Planning Inc.

Linda Betts The Heritage Group

Colin T. Brown The Wealth Advisory

Sarah Bull KJ Harrison & Partners Inc.

Alex Carter Assante Capital Management Ltd.

Tim Cestnick Our Family Office

Joel Clark KJ Harrison & Partners Inc.

Rick Claydon Stonegate Private Counsel

Douglas A. C. Davis

Maraika De Groot Forthlane Partners

Michael Decter LDIC Inc.

Kiki Delaney Delaney Capital Management Ltd.

Keita Demming The Covenant Group

Joanne Dereta Stonegate Private Counsel

Scott Dickenson Northwood Family Office

Michael Ellis RBC Dominion Securities

Bev Evans Richardson GMP

Margaret Franklin CFA Institute

Ryan Fraser Quiet Legacy Planning Group

Mark Gaskin Manitou Investment Management Ltd.

Scott Gibson E.E.S. Financial Services Ltd.

Robert Goldberger Richardson GMP

Jamie Golombek CIBC Private Wealth Management

Geoffrey Gouinlock Nexus Investment Management Inc.

Ken Grewal Forthlane Partners

Randy Gunn BNY Mellon

Serena Hak Stonegate Private Counsel

Gwen Harvey BridgeWater Family Wealth Services

David Hogg Beyond Divestment Inc.

James Houston Nexus Investment Management Inc.

Karen Hudson Pelagos Consulting

Ahmed Ismail Influencers PR

Candice Jay Pembroke Private Wealth Management

Dan Jerred Mindpath Conferences

James Johnson Signal Hill Equity Partners Limited

Michael Lakhani TMFD Financial

Mark Landers Haunn Landers & Co.

Susan Latremoille The Latremoille Group, Richardson GMP

Dean Levitt Sapling Financial Consultants

Mo Lidsky Prime Quadrant

Koel Loyer Stonegate Private Counsel

Barrett Lyons Northwood Family Office

Tony Macklin National Center for Family Philanthropy

Michael Marcovitz Michael Marcovitz Group, TD Wealth Private Investment Advice

Tom McCullough Northwood Family Office

Randy McLachlan Genbridge Family Offices

Peter Merrick TheIceSolution.com

Stephen Miao BMO Nesbitt Burns

Chris Molloy Assante Financial Management Ltd.

Christopher Riley Moynes ONE Sports & Entertainment Group

Gillian Musk BMO Harris Private Banking

Paul C. Nazareth Canadian Association of Gift Planners

Jeff Noble BDO Canada LLP

David O’Leary Kind Wealth

Evasia Patrianakos RBC Wealth Management

Charlotte Paul Raymond James

Enette Pauze Level 8 Leadership Institute

Kathleen Peace Woodgate Financial Inc. & IPC Securities Corp.

Jason Pereira Woodgate Financial Inc. & IPC Securities Corp.

Tim Pritchard Richardson GMP

Maricel Ramos IG Wealth Management

Heidi Rankin BMO Harris Private Banking

Ted Rechtshaffen TriDelta Financial

Michael Reynolds CIBC Wood Gundy

Marvi Ricker BMO Harris Private Banking

Andrea Robertson TD Wealth

Les Ross PearTree Financial Services

Elke Rubach Rubach Wealth

Support/Partner

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WEALTH MANAGEMENTChris Rugel Hampton Securities Limited

Mike Saron CIBC Wood Gundy

Russell Schmidt Informoney Inc.

Michael Shulman Birchwood Group

Charlie Smith Forthlane Partners

Jeff Sniderman CIBC Wood Gundy Financial Services Inc.

Irene So So Wealth Management Group

Keith Thomson Stonegate Private Counsel

David Toyne Steadyhand Investment Funds Inc.

Shauna Trainor The Covenant Group

Thomas Vandewater Scotia Wealth Management

Andrew Vulpe Jarislowsky Fraser

Glenn A. Weir Weir Financial Group

Eric Weir Northwood Family Office

Dianne White Nexus Investment Management Inc.

Libby Wildman Davis Rea Ltd.

Shelley Williams BMO Nesbitt Burns Inc.

Karen Windischmann Manulife Securities Incorporated

Hadielia Yassiri Forthlane Partners

Michael Young Scotiabank

FRASER AND FRANCES DEACON LEGACY SOCIETY Planning a charitable bequest is the best way to preserve your philanthropic legacy and ensure that your impact and values live on. Members of our Legacy Society are helping to strengthen and improve the quality of life in Toronto and beyond, for generations to come.

REALIZED BEQUESTS Walter Newton & Elinor Beauchamp

Ruth Elinor Beauchamp

Herbert George Binet

Lillian Evelyn Bloom

Frederick John Bradley

Al G. Brown

Winnifred Bruton

Dorothy Bullen

John Carey

Helen Audrey Chandler

Gordon Cheesbrough

Frank Corless

Sue Corlett

Bonnie Cox

J. Douglas Crashley

John Eston Crosby

John Currie

Evelyn Mary Davis

Frederick W. Dunn

Roy Frankel

Alastair Gillespie

Diana Gillespie

Alison Gordon

James R. Grand

Margaret Eleanor Riches Hall

Elizabeth Hamilton

Cecil Hoffman

Mary Jackman

Isobel Jaffrey

Franc Joubin

Elsa Maire Karha

Michael La Patriello

Silveria Ladek

Frances L. Lindenfield

Frances MacDonald

Frances Anne MacDonald

Eleanor Mary McDougall

Florence E. McEachren

Norman Allan Middleton

Flora Morrison

John Donald Moynagh

Grant Parent

Alfreda Parlee

Bhartiben Patel

Michael Pearl

Helen Doris Gardiner Phelan

Lucile Pratt

Oscar Rogers

Eleanor Rooks

Charles Roy

Jean & William Stager

Max Tanenbaum

Gertrude M. Thomas

Jean Tompkins

William Vaisey

Kenneth Watts

Steven Williams

John & Peggy Withrow

John Wood

Anonymous (1)

36

FRASER AND FRANCES DEACON LEGACY SOCIETY

UNREALIZED BEQUESTS

Michael Adams

Matthew & Phyllis Airhart

Joan Anderson

Robert & Margaret Anglin

Robert Sterling Beckwith

William Bedell

Paul & Eugenia Bedford

David Boblitz & Antoinette Zichy

Ruth Bradshaw

Albert & Carolyn Brandstatter

Anne L. Brayley

Helen Breslauer

Andrew “Bud” Brown & Ann Brown

Beverley Burke

Paul Butler & Chris Black

John & Mary Cassaday

Peter & Caroline Cavelti

Kim & Gordon Cheesbrough

Steven & Diane Clendenan

Dan & Mary Cornacchia

Rita & Mark Daniel

Jeffrey Dawson & Janice James

Susan Dayman

Honor de Pencier

Gregory Deacon & Michelle Melanson Deacon

Frances Ward Deacon

Walter Donovan & Laverne Hill

Ruth Mildred Douglas

Alexander & Carolyn Drummond

Patricia & John Dunham

Ross & Marilyn Durant

Art Eggleton & Camille Bacchus

Iris Fabbro

Patricia J. Fleming

Gabrielle Fong

Angela Fusco

Janet Gadeski & Gary Fisher

Ann Garnett

Jane Garthson & Phillip Mills

Nadia Georges

Kathy Glazier

Kenneth & Dale Goldberg

William & June Gooch

Sue & Harvey Griggs

Paul & Eleanor Henderson

Allison Hough

Anish & Pooja Kirpalani

Mark Krakowski

Merle Kriss

Mark Landers & Marcy Stephens

Susan Latremoille

Jim Lawson

Emma Lewzey & Ingrid Randoja

Anne Y. Lindsey

Catherine Logan

Nancy & Jon Love

Neil & Shirley Macdougall

Sally MacRae

Soren & Sheila Madsen

Irene Magill

Ross Marancos

Anne Martin

Marcia McClung

Gerry & Suzanne Meinzer

Daniel Michaelson

Peter & Elizabeth Morgan

Dr. Saroja Narasimhan

Douglas & Mary Neal

Hoanh & Nina Ngo

Daryl Novak & Brian Harrison

David Payne

Diane Pettet

Murray Franklin Pollard

Aileen A.A. Pollock

Linden Hugh Stafford Ramdeholl & Marie Odile Le Dain

John & Pamela Richardson

John & Judy Rumble

William W. Schultz

Martin Ship & Don Kinder

Annabel & Brian Slaight

Julie Slater

W. David Spek

Anne Swarbrick & Garfield Darroch

Eva V. Swenson & Ron Hall

Gaétan Tardif

Marvin & Pamela Tarek

Catherine Thomas & Fraser Baillie

Keith & Tanja Thomson

Barbara Tolson

Timothy & Anne Unwin

Kevin Vance

Joan VanDuzer

Shannon Waller

Glenn A. Weir

Anonymous (10)

Our bequest means the work

we’ve spent our lifetimes doing –

supporting Toronto’s most marginalized

people – will continue even after we’re gone.

MARTIN SHIP AND DON KINDER, Legacy Society members

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NEW FUNDS IN 2018/19 FISCAL YEAR Aileen A. A. Pollock Charitable Foundation

Al G. and Shirley Brown Fund

Alasdair Hayes Memorial Fund

April 23 Yonge Street Van Attack - #Toronto Strong

Arts on Track TTC Music Fund

Barbara Hall Community Resilience Fund

Beauregard Family Foundation

Bill Morneau and Nancy McCain Foundation

Birch Hill Foundation

Bruce Beauchamp Memorial Fund

Caribru Cares Foundation

Carolynne Boivin Fund

Carter Foundation

Charles and Elizabeth Pollard Foundation

Cherie Brant Fund

Cunningham-Porter Family Foundation

Diane Spivak Foundation

Dr. Bonnie Cameron Post-Secondary Scholarship

Duboc Family Foundation

Esther Dalton Foundation

Fleming Family Fund

GROW Fund

Harriet and Jonathan Goodman Family Foundation

Hochglaube Gandy Family Fund

Holtz-Allemang Family Foundation

Jacques Katz Memorial Scholarship Fund

Johnny Bower Foundation

July 22 Danforth Shooting — #Toronto Strong

Kevin Rempel Foundation

Kit Chapman Fund

Kwan Family Foundation

Lentilberry Endowment Fund

Lentilberry Fund

Lorne Fox Donation Fund

Louisa Huband Foundation

Mags and Andrew Moor Fund

Margaret Newall Fund In Memory of Ted Newall

Marigold

Moez and Marissa Kassam Foundation

Ontario Social Impact Investment Fund

Paolo Cini and William Leffler Fund

Paviter Fund

Ravin and Seema Shah Foundation

RiseUP Share Your Power Initiative

Ritchie Peters Foundation

Rosalyn Morrison and Michael Coward Family Fund

Ruth Douglas Family Foundation

Sarah and Amar Bhalla Foundation

Scollard Foundation

Serviceberry Foundation

Sheila and Jim Family Fund

Sidewalk Labs Research Grant Program

Stanley Hartt Memorial Fund

The Susan, Sarah and Nicholas Latremoille Fund

TipTapPay Foundation

Vibe Fund

Waghmare Family Foundation

Wilson Opportunity Foundation

Women Together Foundation

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The most valuable asset Mary Rowell Jackman inherited from her parents was her unwavering commitment to social justice. Mary’s mother, Nellie Langford Rowell, worked with the YWCA throughout her life to support low-income and marginalized women and children.

Her father, Newton Rowell, was an M.P. and lawyer who argued and won Edwards v. Canada, better known as the Persons’ Case, which declared women ‘persons’ by law and entitled them to sit in the Canadian Senate. When a nine-year-old Mary saw police arrest a group of suffragettes in 1913, she too dedicated her life to social justice.

Through volunteer work, community leadership, and philanthropy, Mary made invaluable contributions to many organizations, including the Women’s Legal Education and Action Fund (LEAF) and the Canadian Women’s Foundation. She also helped establish the Nellie Langford Rowell Women’s Studies Library at York University in honour of her mother, who had given Mary a copy of Virginia Woolf’s A Room of One’s Own on her engagement in 1929.

When Mary passed away on July 11, 1994, her deep-rooted sense of social responsibility persisted, and she established the Mary Rowell Jackman Fund at Toronto Foundation with a $2.6M bequest. Over the last 25 years, the fund has grown significantly and has granted more than the initial investment. Mary’s legacy lives on through continued support for the causes and people she cared about.

A passionate activist and long-time philanthropist, Mary’s daughter Nancy Ruth has fought for gender equality throughout her life, including while serving as a Canadian Senator. As one of the first members of the Trust Collective, Nancy Ruth continues to support the Toronto Foundation and its work with women and girls.

40

INDIVIDUAL, FAMILY, AND CORPORATE FUNDS DONOR ADVISED FUNDS

A Donor Advised Fund allows the maximum flexibility to direct grants to any registered Canadian charity and the confidence of knowing that all of the back office work will be taken care of by the Foundation.

100 Strong Foundation

7 Days in May Foundation

A. J. & Margaret Little Charitable Fund

Ada W. Slaight Fund

Adelle and Paul Deacon Nanton Fund

Aileen A. A. Pollock Charitable Foundation

Alasdair Hayes Memorial Fund

Albert C. Strickler, M.D. Scholarship Fund

Alex and Carolyn Drummond Foundation

Alex Padulo Memorial Foundation

Alexander Foundation

Alice and Grant Burton Fund

Altair Fund

Andrea Miller Fund

Andrée Noiles Memorial Fund

Andrew and Lynn Torres Foundation

Andrew Chisholm and Laurie Thomson Fund

Angela Longo Leadership Fund

Anita Unruh Award

Ann and Bud Brown Foundation

Annabel Slaight Lake Simcoe Fund

Anne Y. Lindsey Fund

Anthony & Elizabeth Comper Fund

April 23 Yonge Street Van Attack - #Toronto Strong

Armstrong Foundation

Arsenault Fund

Artaflex Inc. Fund

Ashbridge Fund

Ashley & Michael Barrett Family Foundation

Aspire Fund

AstraZeneca Canada Inc. Endowed Research Fund

Augustine Family Fund

aujla + vukets foundation

Aurora Community Fund

Avery Family Foundation

B & B Hamilton Fund

Bajaj Family Foundation

Barry and Jane Hayes Memorial Fund

Barton Feenstra Family Foundation

Basa Foundation

Beauregard Family Foundation

Begonia Fund

Ben Globerman Memorial “Running to Daylight” Foundation

Bertram Family Fund

Beth Malcolm Family Fund

Betty and Chris Wansbrough Family Foundation

Bhalla Fund

Bill Morneau & Nancy McCain Foundation

Birch Hill Foundation

Bloom Fund

BMW Group Canada Employee Fund

Bob McArthur and Harumi Inokuchi Fund

Bonnie Cox Fund

Brayley Family Fund

Brent & Lynn Belzberg Fund

Brettany’s Legacy: The Brettany Biggs Fund

Bronwen’s Rainbow Fund

Brown-Nusbaum Family Fund

Bruce Beauchamp Memorial Fund

Bruce Blackadar Last Call Fund

Bryant & Soul Family Fund

Bryon Wilfert Fund

Buchman 2020 Fund

Buchman Fund

Calamor Fund

Canada Company Scholarship Fund

Caribru Cares Foundation

Carman and Margaret Lewis Fund

Carole Aronovitch Foundation

Carolynne Boivin Fund

Carruthers Family Fund

Carter Foundation

Cary-Ellen Mackenzie Memorial Fund

Catherine Logan Fund

Cathy J. Richards Friends & Family Fund

Cavelti Family Foundation

Cedric and Beau Connell Foundation

CFNY Youth Fund

Charles and Elizabeth Pollard Foundation

Charles and Joyce Ramsay Fund

Cheesbrough Family Fund

Cherie Brant Fund

Chimanlal & Shardaben Shah Foundation

Choir! Choir! Choir! Foundation

Claire and Marty McConnell Family Fund

Clarke Family Foundation

Clayton Gyotoku Fund

Coady Nyman Family Fund

Collombin Family Fund

Colonel F. H. Deacon - Memorial Fund

Coloured Development Fund

Constance and David Roseman Fund

Cook Sayeed Callender Fund

Funds established 25+ years ago

Part of the founding Vision 2020 cohort

DONOR ADVISED FUNDS 41

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Coral and Bill Martin Family Foundation

Cornelis van de Graaff and Terence Clarkson Foundation

Cory Family Fund

Cubecom Foundation

Cunningham Family Endowment Fund

Cunningham-Porter Family Foundation

Curtner Fund

Daly Family Charitable Foundation

Daly Morris Foundation

Dan and Mary Cornacchia Foundation

Dandelion

Daryanani-Nakra Family Foundation

David Kenny Fund

David McAnoy Foundation

David R. McCamus Endowment Fund

Davies Takacs Fund

Denham Family Fund

DeRo Foundation

Diane and Don McQuaig Foundation

Diane and Steven Clendenan Fund

Diane Spivak Foundation

DOMAC Fund

Don and Denyse Green Family Foundation

Don and Shirley Martin Fund

Don Haig Foundation

Donley Family Foundation

Donna Cappon Memorial Breast Cancer Fund

Donovan Hill Foundation

Dorothy and Oscar Rogers Foundation

Douglas and Ruth Grant Fund

Douglas Maurice Simmonds Charitable Fund

Dr. Albert Wolf Silver Memorial Fund

Dr. Bonnie Cameron Post-Secondary Scholarship

Dr. I. L. Babb Fund

Dr. John Jameson Memorial Fund

Dr. William A. Weir & Dorothy Elliott Weir Family Foundation

Dr. William A. Weir & Dorothy Elliott Weir Memorial Fund

Dream Big Foundation

Dream Legacy Foundation

Drs. Bob Frankford and Helen Breslauer Charitable Fund

Du Sablon-Lank Family Foundation

Duane Livingstone Family Fund


Duncan and Lesley Hawthorne Fund

EDAC Legacy Scholarship Fund

Edna & Paul Munger Fund

Edward A. Tory Fund

Edward Greenspon Fund

Edward I. Unger Fund

Eleanor & Francis Shen Family Fund

Elizabeth Ann Heacock (Nee Prince) Memorial Fund

Elspeth Heyworth Bursary Fund

Elvino and Linda Sauro Fund

Emerson Stajan Foundation

Emmett & Leo Fund

Emmy Duff Scholarship Foundation

Equity Foundation

Erica Shuttleworth Fund

Ernest and Hilda Hubbard Foundation

Ernie Crossland Environmental Scholarship Fund

Esther Dalton Foundation

Eva’s Thanksgiving Fund

Evelyn and Cecil Hoffman Charitable Foundation

F & T Catalano Family Fund

F. E. M. Fund

Findlay Family Foundation

Fitness Institute Foundation Fund in Memory of Lloyd Percival

Fleming Family Fund

Flora Morrison Choral Fund

Flora Morrison Research Fund

Fran Endicott Equity Fund

Francine & Robert Barrett Fund

Frank and Sheelagh Creaghan Family Fund

G. W. Squibb Family Endowment Fund

Gamma Phi Beta Alpha Tau (McGill) Scholarship Fund

Gartley Family Foundation

Geoffrey and Edith Wood Charitable Fund

Geoffrey B. Scott Memorial Fund

George and Mary Turnbull Family Foundation

Gerald Conway Fund

Geringas Scholarship Foundation

Gerry and Anita Smith Family Foundation

GH Wood Charitable Fund

GH Wood Legacy Fund

GHW Memorial Fund

Glen Colborne Fund

Glenn and Denise Weir Family Foundation

Glenn Tompkins Memorial Fund

Glenrose Foundation

Gokhale Cheung-Seekit Family Foundation

Golberg Family Fund

Goldie Feldman Fund

Goldsmith Jano Family Foundation

Good Luck Foundation

Gord Downie & Chanie Wenjack Fund

Gordon Mollenhauer Family Foundation

42DONOR ADVISED FUNDS

Goring Family Foundation

Grassroots TO Fund

Greenspon Fund for a Just City

Greg Bond Musical Theatre Fund

Gregg Moynagh Memorial Fund

Griggs Family Foundation

Grislis-Mason Family Fund

GROW Fund

Harriet and Jonathan Goodman Family Foundation

H. Matheson Family Foundation

Hallward Fund

Halsall Family Foundation

Harold “Pat” Dooley Educational Fund

Heal Family Trust

Helen D. Phelan Fund

Hochglaube Gandy Family Fund

Holtz-Allemang Family Foundation

Howard and Diane Taylor Family Fund

Howell Bullock Family Foundation

Hygge Fund

Imagine Fund

Imran Jaffer Foundation

Iva and Garfield Payne Fund

Jack and Anne Mollenhauer Family Foundation

Jack and Rita Catherall Scholarship Fund

Jack Thomas Fund

Jacques Katz Memorial Scholarship Fund

Jake Thompson Memorial Fund

James and Alfreda Parlee Fund

James Lindala Family Foundation

James Rutley Grand Memorial Fund

Jane & Donald Wright Fund

Janet & Herb Tanzer Charitable Fund

Janet and Douglas Davis Fund

Jay & Jan Gould Family Fund

Jean V. and Rodney C. Payne Memorial Fund

Jeffrey B. Rubinoff Fund

Jeffrey Dawson and Janice James Foundation

Jennifer Headley Fund for a Living Planet

Jennison Fund

JG Foundation

Jim and Doreen Doherty Fund

Jitendra & Anita Mistry Foundation

Joan and Roy Frankel Charity Fund

Joan McCalla Fund

John & Dorothy McSherry Fund

John & Marian Taylor Family Fund

John A. and Margaret K. Lowden Memorial Fund

John and Amanda Sherrington Fund

John and Christine Currie Foundation

John and Jocelyn Barford Family Foundation

John and Marie Levitt Foundation

John Colosimo Family Foundation

John Kenny Fund

John S. and Joan P. Ridout Fund

John Thomas Murphy Memorial Fund

Johnny Bower Foundation

Johnson Family Fund

Jon and Nancy Love Foundation

Jonathan and Stephanie Clarke Memorial Fund

Jo’s Snowflake Fund

Joubin/Selig Family Fund

Joy Levine Foundation

JS Fund

July 22 Danforth Shooting - #Toronto Strong

K.I.D.S. Fund

Karen and Bill Barnett Fund

Kate and Tom Taylor Fund

Keith and Martha Wake Family Foundation

Keith, Tanja and Kiera Thomson Fund

Ken & Ann Watts Foundation

Kevin Burke Family Foundation

Kevin Rempel Foundation

Kideckel Robbins Family Foundation

Kiessling/Isaak Family Foundation

Kilo Foundation

Kit Chapman Fund

Koehler Family Fund

Koel Loyer Family Foundation

Kriekle Family Fund

Kriss Family Fund

Kuttis Family Fund

Kwan Family Foundation

Lady Ophelia Fund

Lakhani Family Charitable Foundation

Langford Family Foundation

Lau Foundation

L’Avenir Foundation

Lay Family Foundation

Learning Disabilities - Ontario Fund

Lee and Patrick Howe Family Foundation

Legacy Art Project Fund

Lentilberry Fund

Lifeline Syria Fund

Lighthouse Foundation

Lind Family Fund

Linda and Steve Lowden Fund

Liphardt Charitable Fund

Lisa’s Legacy: The Lisa Montanera Fund

Lofty Investments Fund

Lola Somers Foundation for Animals

Lorne and Orma West Fund

Lorne Fox Donation Fund

Louisa Huband Foundation

Love Family Fund

Lycklama Family Fund

Lynn Bevan Fund

MacFeeters Family Fund

Mags and Andrew Moor Fund

Main Family Fund

Manny Cabral Memorial Fund

Margaret and Gordon Fleming Fund

Margaret Newall Fund In Memory of Ted Newall

Margaret Sisley Fund

Margaret’s Joy Fund

Marigold

Marilyn and David Gluskin Fund


Ind

ividu

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ily, and

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Mario Reale Fund

Mariwal Fund

Marjorie J. Sharpe Fund

Mark Kiyonaga and Arielle Rinaldi Foundation

Mark Landers and Marcy Stephens Foundation

Marsh Family Foundation

Marsh Memorial Fund

Marsha & Aubrey Baillie Fund

Martin Atkinson Foundation

Martin Connell and Linda Haynes Fund

Martin Davies Memorial Fund

Mary Ecclestone Nutrition Scholarship Fund

Matawi Foundation

Mayor’s Endowment Fund for the Arts-Richmond Hill

McKenzie Foster Foundation

McKerroll Family Fund

McLaughlin/Costigan Fund

McLean Family Foundation

McQuaid Harbell Fund

McSherry Family Fund

Melani and David O’Leary Foundation

Melman Childhood Cancer Fund

Mencius Foundation

Michael & Christine Selim Foundation

Michael and Honor de Pencier Fund

Michael B. Decter Foundation

Michael Budman and Diane Bald Family Foundation

Michael Higgins Foundation

Michael La Patriello Fund

Michelle Risi Dance Angel Scholarship Fund

Mike James Memorial Foundation

Miller-Cammidge Fund

Mississauga Lifeline Syria Fund

Moez and Marissa Kassam Foundation

Moir Family Foundation

Morgan Goldberg Memorial Fund

Morningstar Fund

Moynes Family Fund

Mrs. Joan H. Miller Scholarship Fund

MSW 2017 Fund

Mulamoottil Family Foundation

Murray & Susan Armitage Foundation

N. James Swan Memorial Scholarship Fund

Nachiket Children’s Literacy Foundation

NAE Fund

Nagpal Vir Family Foundation

Narayan Puran Shanti Fund

Nayar Foundation

Neighbourhood Innovations Fund

Neil and Shirley Macdougall Fund

Nesbitt Family Foundation

Nguyen Family Foundation

NigE Gough Shine On Foundation

Niki Bledin Fund

Nikore Family Foundation

NJ Foundation

Noah John Winston Miles Fund

Norah Faye Foundation

Norman Allan Middleton Fund

NTF Fund

Oak Ridges Moraine Stewardship Fund

One City Scholarship Fund

O’Neil Leger Family Foundation

Ontario Social Impact Investment Fund

Orly Watkin Fund

P/N Family Fund

Palm Holdings Charitable Foundation

Pamensky Family Fund

Panda Family Fund

Paolo Ardizzi Fund

Paramount Pallet, Inc. Skids for Kids Foundation

Parypa-Rouse Family Fund

Paterson Smith Family Foundation

Patricia J. Fleming (FBG) Fund

Paul and Evelyn Higgins Fund

Paul and Valorie Waitzer Family Fund

Paul G. Russell and Robert L. Jeffrey Foundation

Paul Higgins Jr. Fund

Pauline and Dipak Mazumdar Fund

Paviter Fund

Payne Family Fund

Peggy C. Linton Fund

Pejcinovski Family Memorial Fund

Penny and Rob Richards Endowment for the Toronto Botanical Garden Fund

Peter and Pauline Dawson Foundation

Peter Barnard Fund

Pettet Foundation

Phillip & Maureen Tingley Fund

Piramal Healthcare Fund

Pitch4Pete Foundation

Pooja & Anish Kirpalani Fund

PQR Fund

Prichard-Wilson Family Foundation

Princess Alexandra Bursary Fund

Rachel L. Goldberger Fund

Ravin and Seema Shah Foundation

Ravindranjali Trivedi Charitable Foundation

Rawji Simone Family Foundation

Raymond and Irene Collins Foundation

Reach for the Top Foundation

Red Barn Theatre Endowment Fund

Red Jacket Foundation

Red Jacket Fund for Children and Dance

Reset Foundation

Rev. Frank P. Corless Fund

Richard and Colleen Peddie Foundation

Richard and Donna Ivey Fund

Richard Wernham and Julia West Family Fund

Riddell Foundation


RiseUP Share Your Power Initiative

Ritchie Peters Foundation

Rob Ford Football Foundation

Robert A. Donaldson Family Fund

Robert McKinney Fund

Robert Tetley Fund

Ronald and Anne Leggett Literacy Fund

Rosalyn Morrison and Michael Coward Family Fund

Rosedale Park Playground Renewal Fund

Roy Bennett Memorial Fund

Roy Russell Memorial Fund

Rubisov Family Foundation

Russell & Sharon Schmidt Fund

Russell Mathew & Scott Ferguson Fund

Ruth Douglas Family Foundation

S. Marguerite Walker Memorial Fund

Sachania Charitable Foundation

Sadler Fund

Sandala Emery Family Fund

Sandra Fraser Gwyn Foundation

SAP Canada Fund

Sarah and Amar Bhalla Foundation

Sarah F. Marion Foundation

Saul E. Joel Fund

Savoy Pitfield Foundation

Schachter Family Fund

Scollard Foundation

Scott Family Fund

Serviceberry Foundation

Sheila and Jim Family Fund

Sheila Hall Van Gijn Scholarship Fund

Sheila Kirpalani Foundation

Shelagh and David Wilson Fund

Sherry and Edward Drew Family Fund

Shum Vourkoutiotis Fund

Sidewalk Labs Research Grant Program

Sidgwick Scholarship Fund

Simon Family Fund

So Family Foundation

Spem In Alium Fund

Sport for Development Fund

Srinivasan Family Foundation

Stacey Family “Aurora” Fund

Stacey Levitt Athletic and Educational Fund

Stanley Hartt Memorial Fund

Stephen Eby Memorial Fund

Sterling Achievement Fund

Steven & Alberta Williams Memorial Fund

Steven K. Hudson Foundation

Stewart R. Code Memorial Scholarship Fund

Strengthening TCH Communities Fund

Stuart and Patricia MacKay Family Fund

Supper with Syria Fund

Susan Jean Jackson Foundation

Sylvia Ng and Kevin Wong Family Foundation

Tawny Richard Fund

Taylor Irwin Family Fund

Tchao Langelo Family Foundation

Team SPS Gives Back

Charitable Fund

Teow Family Foundation

The E. E. T. Briggs Family Fund

The Hak Foundation

The Mona Abouali Memorial Fund

The Paul Butler and Chris Black Foundation

The Queen’s Own Rifles of Canada Princess Alexandra Bursary Fund

The Susan, Sarah and Nicholas Latremoille Fund

The Wendy Buda Foundation

Theine Foundation

Thorpe Family Foundation

Thunder Foundation

TipTapPay Foundation

Tishan and Nicole Mills Foundation

Tom Thomas Music Scholarship Fund

Tony and Caley Taylor Family Fund

Toronto CREW Foundation

Toronto Friends of the Visual Arts Fund

Toronto Life Fund

Torunn and David Banks Fund

Townsend Family Foundation

Tyson Bailey Fund

Unwin Family Fund

Up the Ante Fund

Van Biesen-Zimakas Family Fund

Vandewater Charitable Foundation

VBX Fund

Velinda K|Nights Foundation

Vibe Fund

Viva Vitalita Gala Fund

Vohra-Miller Foundation

Vulpe & Pelenyi Charitable Fund

W. W. (Peter) Southam Fund

Waddington Family Fund

Waghmare Family Foundation

Waisberg/Bellwood Charitable Fund

Waitzer Family Fund

Wally Stefoff Art Scholarship Fund

Werry Family Fund

Wilcock Family Fund

Wilkinson Family Fund

William Ida Leon Dolrine Steinberg Fund

William L. and Jean V. Stager Fund

William M. Vaisey Arts Foundation

Wilson Opportunity Foundation

Wilson Vukelich LLP Fund

Women’s Fund

Women Together Foundation

Wood Hart Fund

Wood/Cathcart Memorial Fund

Woodbine Cares Foundation

Wright Family Foundation

Your Kingdom Come Foundation

YT Foundation

Zahra and Salimah Ebrahim Family Foundation

Zimmel Family Foundation

Anonymous Fund (8)

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NAMED VITAL TORONTO FUNDS

A Named Vital Toronto Fund supports the Foundation’s strategic granting in response to Toronto’s Vital Signs.

ACE Bakery Ltd. Fund

Ada W. Slaight Fund

Al G. and Shirley Brown Fund

Anne Swarbrick Toronto Fund

Arsenault Fund

Bill and Janet Young Fund

Bill and Sandie Fund

Birchall Family Foundation

BMO Financial Group Toronto Fund

Brent & Lynn Belzberg Fund

Calamor Fund

Carol Oliver Fund

Carol Turner Foundation

Dominion of Canada General Insurance Company Fund

Dr. John Carey Fund


Evans Family Fund

Halsall Family Foundation

Honey Family Foundation

Isobel B. Jaffrey Heritage Fund

Joan and Roy Frankel Charity Fund

John Honderich Fund

Keith, Tanja and Kiera Thomson Fund


Lay Family Foundation

Love Family Fund

Martin Connell Fund

Mary Rowell Jackman Fund

Michael and Honor de Pencier Fund

Miller Thomson Fund

Ouellette Family Foundation

Pita Break Fund

Rahul K. Bhardwaj Fund


S. Chum Torno Fund

Stratton Fund

Sue Corlett Fund

Susan Crocker and John Hunkin Fund

Taylor Family Fund

The Hon. Hilary M. Weston Fund

Tony and Anne Arrell Fund

Townsend Family Foundation

Waters Family Fund

Anonymous (3)

FUNDHOLDER GRANTS TO THE VITAL TORONTO FUND

Adrian and Reta Hudson Fund

Anne Y. Lindsey Fund

Karen and Bill Barnett Fund

Clarke Family Foundation

Clayton Gyotoku Fund

Edward I. Unger Fund

Findlay Family Foundation

Helen D. Phelan Fund

Janet and Douglas Davis Fund

Joan McCalla Fund

John A. and Margaret K. Lowden Memorial Fund

John and Jocelyn Barford Family Foundation

Jon and Nancy Love Foundation

Keith and Martha Wake Family Foundation


Martin Atkinson Foundation

McSherry Family Fund

Pamensky Family Fund

Paramount Pallet, Inc. Skids for Kids Foundation


Stratton Fund

Waddington Family Fund

FUNDHOLDER GRANTS TO TORONTO FOUNDATION’S OPERATIONS

Edna & Paul Munger Fund

Colonel F.H. Deacon Memorial Fund

Roy Russell Memorial Fund

46INDIVIDUAL AND CORPORATE DONORS to the Vital Toronto Fund and Toronto Foundation’s operations

Alastair Gillespie Investments Limited

Ben Coleman

Boris Schweers

Brenda Lee-Kennedy

Chris Graham

Daniel Michaelson

Dorothy Quon

Douglas R. Neal

Elizabeth Grislis and Brian Mason

Estate of Alison Gordon

Estate of Charles Taylor Witherall

Fabrice Kelem

Fidelity Investments Canada ULC

Frances Ward Deacon

Fraser Baillie and Cathy Thomas Baillie

Gregory P. Deacon and Michelle Melanson Deacon

Hoanh T. Ngo and Thu-Nga T. Ngo

Isaac Asher Mercer

Jane Johnston

Jeffrey A. Dawson and Janice James

John Swindell

Lauren Rosenfeld

Lindsay Langdon

Lorie Waisberg and Ginny Bellwood

Margo Sheppard

Mazyar Mortazavi and Bita Doagoo

Michael Marcovitz

Overlap Associates

Patricia Dunham

Penguin Random House Canada Limited

Peterborough Estate Planning Council

Presidents of Enterprising Organizations

Rita Daniel and Mark Daniel

Robert Asamoah Ampofo

Ruth Mildred Douglas

Sarah Chiddy and CJ Chiddy

Sarah Muir

Saroja Narasimhan

Shengpan Zhang

Strategic Charitable Giving Foundation

The Employee Benefits Company

The Salamander Foundation

United Way Greater Toronto

United Way of Peel Region

Vinay Sarin

Westwood Creative Artists Ltd.

Xin Li

FIELD OF INTEREST FUNDS

A Field of Interest Fund empowers the Foundation’s expert grant-making staff to make granting decisions on the donor’s behalf within a chosen issue area or areas.

Adrian and Reta Hudson Fund

Art Eggleton and Camille Bacchus Fund

Arts on Track TTC Music Fund

Barbara Hall Community Resilience Fund

Canada Post Literacy Fund

Children and Youth Fund

Community Foundation Environmental Fund

Distinguished Mature Artist’s Fund

Frances MacDonald Fund

Gerry Meinzer Fund

J. Douglas Crashley Fund

Joel W. Aldred, D.F.C., RCAF and Ann Mooney-Aldred Fund

Lucile Pratt Music Award

Michelle Tanenbaum Fund

Miller Thomson Fund - York Region

Paolo Cini and William Leffler Fund

Peter and Elizabeth Morgan Fund

Sedbergh School Fund

Vas Family Fund (Canada)

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AGENCY FUNDS An Agency Fund is an endowment for a charitable organization to build and maintain a permanent source of income for its operations or programming.

Abbeyfield Houses Society of Canada Endowment Fund

AIDS Committee of Toronto Endowment Fund

BBPA Harry Jerome Scholarship Fund

Canadian Society of Painters in Water Colour

Common Ground Veronica Peake Memorial Fund

Dr. Elgin McCutcheon Fund in Support of FreeSchools World Literacy Fund

Elizabeth Cooke Endowment Fund

FLAP Endowment Fund

Forever Smiles Fund

Foundation for Canadian Parks and Wilderness Society Endowment

Friends of CAMH Archives Fund

Junior League of Toronto Fund

Khategaon Girl School Endowment Fund — AIM for SEVA

National Theatre School Bell Media Diversity Fund

National Theatre School of Canada Fund

Natl Theatre School (NTS) Theatre and Community Engagement Fund

Ontario Agency for Health Protection and Promotion Fund

Roots of Empathy Endowment Fund

Sheela Basrur Centre Fund

The Duke of Edinburgh’s International Award — Ontario Endowment Fund

The Ontario College of Teachers Scholarship Fund

TJLS IJIKAI Fund

Toronto Symphony Volunteer Committee Endowment Fund

Toronto Zoo Trust Funds

Women’s Habitat Endowment Fund

INVESTMENT POOLING FUNDS An Investment Pooling Fund allows a charitable organization to maintain ownership of its endowment assets and take advantage of Toronto Foundation’s investment strategy.

AFP Foundation for Philanthropy — Canada

AIDS Committee of Toronto

Amici Camping Charity

Barrie Community Foundation

Boys & Girls Clubs of Canada

Campbellford/Seymour Community Foundation

Canadian Lesbian and Gay Archives

CARE Centre for Internationally Educated Nurses

Community Foundation for Lennox & Addington

Credit Counselling of Regional Niagara

Durham Community Foundation

Haynes-Connell Foundation

Helen McCrea Peacock Foundation

Huronia Community Foundation

Investment Properties International Limited

Metropolitan Community Church of Toronto

Niagara Community Foundation

Ontario Society for the Prevention of Cruelty to Animals

Toronto TO2015 Legacy Fund

Toronto Zoo — Development Funds

Unison Health & Community Services Fund

United Way of St. Catharines and District

United Way Toronto & York Region (In Trust)

Writers’ Union of Canada

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CANVAS ARTS ACTION PROGRAMS: THE C-WORD PROGRAM

In a post- #MeToo world, understanding consent is crucial. Without it, youth are more likely to develop poor communication skills, have negative sexual encounters, and experience higher occurrences of sexual violence. And sadly, Ontario’s current sexual education curriculum leaves large gaps when it comes to consent education.

CANVAS Arts Action Programs (CANVAS) is working to close those gaps, as well as prevent sexual violence, homophobia and transphobia, through arts-inspired education and social action. Their C-Word program hosts safe and empowering workshops in Ontario schools and summer camps where youth learn about consent and build vital social skills. C-Word programming has now reached over 2,400 students in Toronto independent schools and 4860 youth in Ontario summer camps, making real change in communities across the province.

CANVAS’s C-Word program received a 2018-19 Vital Ideas and Leadership grant from Toronto Foundation.

Learning how

to word consent

properly and comfortably at

any point before or during an

act was extremely helpful.

CANVAS C-WORD PARTICIPANT

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SUMMARY FINANCIAL INFORMATION TORONTO FOUNDATION: FINANCIAL HIGHLIGHTS AS AT MARCH 31, 2019

($000’s) 2019 2018 2017

Assets under administration 488,630 480,845 447,235

FUND BALANCES

Endowed Funds** 91,783 89,765 86,935

Restricted Funds** 132,946 129,399 115,255

Operating Funds 4,587 4,213 3,840

229,316 223,377 206,030

Funds held on behalf of other parties 166,920 165,278 141,864

Funds held for United Way Toronto 92,394 92,190 99,341

ANNUALIZED INVESTMENT RETURNS (gross of fees)

One year 3.0% 6.5% 10.6%

Five years 6.7% 9.1% 10.1%

Ten Years 9.2% 7.3% 6.3%

Donations received 21,917 23,039 21,746

Grants made 18,973 13,348 12,049

TO2015 Legacy Distributions to Facilities 5,264 5,407 5,100

Total Grants and Distributions 24,237 18,755 17,149

Operating expenses (includes investment management fees) 5,346 4,677 4,860

as a % of investments under administration 1.1% 1.0% 1.1%

** Fiscal 2018 and 2017 figures are presented on a non-GAAP proforma basis for comparative purposes, aligning with the 2019 Board Policy change as if it had been in effect in those years.

Full audited financial statements available at torontofoundation.ca/publications

http://torontofoundation.ca/publications

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FINANCIALS OUR FUNDS

The Foundation’s total fund balances amount to $229.3 at March 31, 2019, including the Operating Fund of $4.6M. Endowed Funds total $91.8M and include funds designated by donors to be held permanently, as well as funds endowed by the Board of Directors when there is no current intention of making the original donation available for granting.

Toronto Foundation is home to 698 funds, a

9% RISE from last year

2019

698 FUNDS

2018

636 FUNDS

Endowed Funds include $75.6M of Donor Advised Funds and $16.2M of Board-advised funds. Board-advised funds include 49 Vital Toronto Funds named in honour of individuals or corporations who have permanently endowed $25K or more, with related grants directed by the Board to initiatives and programs that support the Foundation’s mission and vision in Toronto. The Board establishes the annual amount to be made available for granting, ensuring compliance with Canada Revenue Agency requirements. The Foundation’s non-endowed Restricted Funds total $132.9M. These funds are not subject to granting restrictions.

As of March 31, 2019, the Foundation was home to 698 funds, a 9% rise from a year ago. These consist of the following types: 380 Endowed Funds (permanent and board Endowed), 135 term restricted, 74 Invested Flowthrough Funds (medium to long term), 108 Flowthrough Funds (short term) and the Operating Fund.

52 F

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cialsFUND VALUE OVER FIVE YEARS 2018/19

ENDOWED

HELD ON BEHALF OF OTHERS

RESTRICTED

OPERATING

2019 $396,236M

2018 $388,655M

2017 $347,894M

2016 $318,338M

2015 $322,517M

ASSETS UNDER ADMINISTRATION

The Foundation’s assets under administration total $488.6M at March 31, 2019, including the United Way of Greater Toronto Fund ($92.4M) that the Foundation administers on its behalf. This represents growth of $77.4M or 19% over five years, generated by gifts to new Funds and existing Funds, and investment income net of expenses.

2019

$488.6M

2018

$480.8M

2017

$447.2M

2016

$408M

2015

$411.2M

Toronto Foundation’s assets under administration

have grown by

$77.4M OR 19% OVER

the last five years

53 F

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cialsDONATIONS RECEIVED

In 2018/19 Toronto Foundation received $21.9M in donations.

Donations to the Foundation come through newly established Funds, contributions to existing Funds, and/or donations to our city building initiatives through the Vital Toronto Fund.

Gifts Over 5 Years 2018/19

DONATIONS IN $M

NUMBER OF DONATIONS

5

0 0

10

15

20

25 3500

7000

1400

2100

2800

2015 2016 2017 2018 2019In 2018/19 Toronto Foundation received

$21.9M in donations

GRANTS AND DISTRIBUTIONS MADE

In 2018/19 1,801 grants were made to 828 charitable organizations, for a total value of $19M. Our granting is initiated in two key ways: donor-led through our Donor Advised, Field of Interest, and Designated Funds, and Foundation-led through our strategic granting programs. In addition, the Toronto 2015 Sport Legacy Fund distributed $5.2M for the three TO2015 Pan Am/Parapan Am Games venues (two in Toronto and one in Milton).

1,801 grants were made to 828 charitable organizations, for a total value of $19M

Grants and Distributions over 5 Years 2018/19 in M

GRANTS TO2015 LEGACY CONTRIBUTION

TOTAL

2014/15

$10.3 $4.9

$15.2

2015/16

$14.4 $5.1

$19.5

2016/17

$12.0 $5.1

$17.1

2017/18

$13.4 $5.4

$18.8

2018/19

$19.0 $5.2

$24.2

54 F

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cialsINVESTMENT RETURNS

The Foundation’s Investment Committee monitors the performance of its third party investment management firms against the overall investment strategy and their specific objectives.

The Foundation has an objective of generating stable returns over a five-year cycle. Under its investment policy, the Foundation targets a real average annual investment return of 5% (or 5% after inflation), rather than following a more traditional market benchmark. This return target is designed to meet the granting needs of the Fundholders and the Foundation’s administrative requirements, as well as maintain the value of the capital, all within acceptable risk parameters.

Pooled fund investments returned an average 3.0% for the one year ended March 31, 2019, and an annualized five years return of 6.7%.

Main Pool Investment Annualized Five-Year Returns 2018/19 (gross)

2015

10.7%

2016

8.5%

2017

10.1% 2018

9.1%

2019

6.7%

Annualized five year returns of

6.7%

55 F

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cialsOPERATIONS

The Foundation staff (19 full-time and three part-time) manages the elements of our model of philanthropy, including donor engagement and education, research and thought-leadership, and strategic grantmaking. We connect many our individual and family Fundholders with organizations working on solutions to issues highlighted in our annual Toronto’s Vital Signs Report. High-impact organizations receive our strategic grants and are featured in our annual Good to Give Guide (visit torontofoundation.ca/publications to find out more).

In addition, our unique position as a catalyst for change enables us to mobilize philanthropic, private, and public sectors and collaborate on initiatives to tackle community challenges in innovative and inspiring ways.

We also facilitate granting across Canada and steward assets under administration of $488.6M. Total operating fund expenses, including investment management fees, for fiscal 2018/19 were $5.3M. Philanthropic services fees and fees levied on invested assets covered 91% of these costs.

Operations 2018/19

2019

5.3%

2018

4.7%

2017

4.9%

2016

4.4%

2015

3.5%

Our assets have increased, but operating costs have remained stable at

1.1%

GIVE US A CALL.

Aneil Gokhale, Director, Philanthropy

Tel: 416-921-2035 ext. 212

[email protected]

33 Bloor Street East, Suite 1603 Toronto, Ontario, M4W 3H1 416-921-2035 www.torontofoundation.ca [email protected] Charitable no. 13649 1875 RR0001

mailto:[email protected]

http://www.torontofoundation.ca

mailto:[email protected]

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