annual report 2018–2019 - toronto foundation...university, elisa is deepening her commitment to...
TRANSCRIPT
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
4
R5
Th
e Co
nveners
A
Messag
e from
the P
reside
nt &
CE
O
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
FEA
TUR
ED
STO
RY
6FE
ATU
RE
D S
TOR
Y
7F
eatu
red
Sto
ry
Elisa L
evi
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.
8
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
9 O
ur S
hare
d H
om
e
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
10 A
Messag
e from
ou
r Bo
ard C
hair
11 B
oard
of D
irecto
rs
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
12 B
oard
Co
mm
ittees
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
Bill MacKinnon, Ex officio
André Perey
Sharon Avery, Ex officio
Denise Arsenault, Staff
Mark Heazle, Staff
GOVERNANCE COMMITTEE
Greg Wilkinson, Chair
Ian Clarke
Bill MacKinnon, Ex officio
André Perey
John Sherrington
Andrew Spence
Natalie Townsend
Sharon Avery, Ex officio
INVESTMENT COMMITTEE
Andrew Spence, Chair
Robert Bertram*
Ian Clarke, Ex officio
Mario Ferrara*
Michael Herrera*, Ex officio
John B. MacIntyre*
Bill MacKinnon, Ex officio
Heather Mason-Wood*
Dennis Mitchell
Jane Row*
John Sherrington
Sharon Avery, Ex officio
Denise Arsenault, Staff
Mark Heazle, Staff
SOCIAL IMPACT INVESTMENT COMMITTEE
John Sherrington, Chair
Neala Barton
Rick Goldsmith
Harvey Griggs*
Sandy Houston
Bill MacKinnon, Ex officio
André Perey
Sharon Avery, Ex officio
Denise Arsenault, Staff
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
13 S
taff
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
FEA
TUR
ED
STO
RY
14FE
ATU
RE
D S
TOR
Y
15F
eatu
red
Sto
ry N
atalie To
wn
sen
d
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.
16
17S
po
tligh
t To
ron
to A
bo
rigin
al S
up
po
rt Se
rvice
s Co
un
cil
SPO
TLIG
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
18
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
19 F
acing
Ou
r Sh
ared
Histo
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
20
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
21 H
ealing
Tog
ethe
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
22
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
23 S
harin
g S
pace
, Op
po
rtun
ity, and
Po
we
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
25 D
iscretion
ary Gran
ts
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
6
New Commons Development $500K equity investment
7
The Rumie Initiative $650K loan
8
Windmill Microlending $250K loan
27 S
ocial Im
pact Investin
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.
28
29 S
trategic G
rantin
g S
electio
n Co
mm
ittees
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
30 P
rofessio
nal A
dviso
rs
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
31 P
rofessio
nal A
dviso
rsLEGAL Yeti Agnew Yeti Law Professional Corporation
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
FEA
TUR
ED
STO
RY
32
33F
eatu
red
Sto
ry C
aro
line W
igh
t, Se
ren
a Ha
k an
d K
eith
Th
om
son
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
34
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
35 P
rofessio
nal A
dviso
rs F
raser an
d F
rances D
eacon L
egacy S
ociety
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
37 F
raser an
d F
rances D
eacon L
egacy S
ociety
New
Fu
nd
s for 2
018
/19 F
iscal Year
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
FEA
TUR
ED
STO
RY
38
39F
eatu
red
Sto
ry M
ary R
ow
ell Ja
ckma
n
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
Ind
ividu
al, Fam
ily, and
Co
rpo
rate Fu
nd
s
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
Duboc Family Foundation
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
DONOR ADVISED FUNDS 43
Ind
ividu
al, Fam
ily, and
Co
rpo
rate Fu
nd
s
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
DONOR ADVISED FUNDS 44
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)
45 In
divid
ual, F
amily, an
d C
orp
orate F
un
ds
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
Duboc Family Foundation
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
Kevin Burke Family Foundation
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
Richard and Donna Ivey 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
Kevin Burke Family Foundation
Martin Atkinson Foundation
McSherry Family Fund
Pamensky Family Fund
Paramount Pallet, Inc. Skids for Kids Foundation
Richard and Donna Ivey Fund
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)
47 In
divid
ual, F
amily, an
d C
orp
orate F
un
ds
Ag
en
cy Fu
nd
s Investm
en
t Po
olin
g F
un
ds
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
48S
po
tligh
t T
he C
-Wo
rd P
rog
ram
SPO
TLIG
HT
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
49
50 F
inan
cials
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
51 F
inan
cials
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
inan
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
inan
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
inan
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
inan
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
33 Bloor Street East, Suite 1603 Toronto, Ontario, M4W 3H1 416-921-2035 www.torontofoundation.ca [email protected] Charitable no. 13649 1875 RR0001