ANNUAL REPORT 2016/2017€¦ · Foundation’s legacy “To have what you’ve never had, do what you’ve never done.” I first read this quote on a refrigerator magnet, of all

ANNUAL REPORT 2016/2017

WHAT’S INSIDE

3

11

18

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HIGHLIGHTS FROM OUR TRAVELS4 | Our Compass

8 | Looking Back

9 | Where We’re Headed

LEADERS AND PARTNERS19 | Board Committees

20 | Strategic Granting Selection Committees

22 | Professional Advisors

FINANCIALS

FUNDHOLDERSOUR IMPACT12 | Mapping Our Impact in Toronto

14 | Understanding Our Impact Across Canada

16 | Re-Imaging Impact: Social Impact Investing

Building on Toronto Foundation’s legacy

“To have what you’ve never had, do what you’ve never done.”

I first read this quote on a refrigerator magnet, of all places. But, in my

life, I’ve found some of the greatest wisdom comes in the most ordinary

moments. And though it has been anything but ordinary, there’s no

more fitting description of this past year at Toronto Foundation.

My predecessor, Rahul Bhardwaj, passed me the baton last September,

handing me a strong, robust organization with a sterling reputation.

Through this incredible gift, I’ve been able to focus on opportunities,

and I see them everywhere I turn. Over the past year, Toronto Foundation

has been taking on many new opportunities to blaze a new trail

for philanthropy.

In this section, we reflect on some of the most exciting changes

from the past year and talk about what we’re most looking forward

to in 2017-18. Looking back, I am grateful and humbled to be

at the heart of philanthropy and social change. As we move

forward, we will continue to challenge the status quo and

together we will lead Toronto Foundation to the forefront

of philanthropy for the next generation. I am honoured

and excited to go on this journey with you, our Fundholders,

Board and committee members, staff and community partners.

Sincerely, Sharon Avery President & CEO

OUR COMPASS4 | TORONTO FOUNDATION

Parting ways with a longtime companion

In June, we said goodbye to long-time Board Chair John Barford, who dedicated 10 years to building Toronto Foundation into the strong organization it is today. While we will miss him on the Board, we are delighted that he and his family continue to be an important part of our Fundholder community.

2016/17 Board of Directors

John Barford (Chair) President, Valleydene

Corporation

Neala Barton Vice-President

Strategic

Communications/

Stakeholder Relations,

Canadian Institute for

Health Information

Robert Bertram Corporate Director

Michael Brooks Chief Executive Officer

Real Property

Association of Canada

Ian L. T. Clarke Financial & Strategic

Consultant

Greater Toronto Airports

Authority, Finance

Claire Duboc Managing Partner

CBT Management

John A. Francis Managing Director

Fraser Kearney

Capital Corp.

Rick Goldsmith Partner, National Risk

Management,

Advisory Services

KPMG Management

Services, LLP

Edward Greenspon President & CEO

Public Policy Forum

Sue Griggs Leadership Coach

The Coaching Project Inc.

Martin Connell (Chair Emeritus)

Richard Peddie Consultant, Author,

Speaker

Sandy Houston President & CEO

Metcalf Foundation

Bill MacKinnon Corporate Director

Nancy McCain Chair

Arts Access Fund

André Perey (Corporate Secretary) Partner

Blake, Cassels & Graydon, LLP

Ceta Ramkhalawansingh City of Toronto Corporate

Equity and Diversity

Manager (Retired)

Lola Rasminsky Founding Director

Avenue Road Arts School

John Sherrington Investment Banker

Natalie Townsend Managing Partner

NorthRock Capital

Greg Wilkinson

Principal

Earnscliffe Strategy Group

Sharon Avery

President & CEO

Toronto Foundation

ANNUAL REPORT 2016-17 | 5

Going on a learning journey with our Fundholders

We launched our “It’s All Connected” handbook, giving Fundholders a deeper understanding of how they can use the Toronto’s Vital Signs report to plan their giving.

CityViews — November 2016

Thirty Board members, Fundholders and staff joined more than 750 delegates from 105 Canadian communities and 34 countries around the world at Community Foundations of Canada’s national conference in Ottawa.

Community Foundations of Canada conference — May 2017

Fundholders and Professional Advisors connected with other city builders, and celebrated the Martin Connell Spirit of Philanthropy Award winners, The John and Jocelyn Barford Family Foundation.

Vital Toronto — June 2017

“We’re creating a community of philanthropy where you can come together and learn together about issues that you’re passionate about.”

The biggest shifts can happen when philanthropists are informed and engaged. Toronto Foundation is uniquely positioned to take philanthropy to a new place, a place of learning and engaging directly in issues in a new way. By connecting Fundholders with community leaders and organizations, we aim to deepen philanthropists’ understanding of our society’s most pressing issues so they can plan their giving to have the most impact.

Fundholders with Toronto Foundation and Matthew House staff on our CityViews Tour.

6 | TORONTO FOUNDATION

Fundholders and grantees from the Community Fund for Canada’s 150+ met in an informal setting to discuss issues of belonging, inclusion, connection and reconciliation.

CityViews 150+ — March 2017

Fundholders spent the day touring four Toronto community organizations. 71% of survey respondents said they learned something that will inform their philanthropy.

CityViews Tour — May 2017

Creating a better future requires reconciling with our past

This year, as we marked more than 150 years of history, Canadians have been reflecting on the past and thinking about the legacy we want to build for the future. Toronto Foundation is committed to working with Indigenous organizations and communities to heal historic wrongs and build a just and equitable society for Indigenous peoples in Canada.

| Through the Community Fund for Canada’s 150+ Toronto Foundation made grants of more than $300K to community organizations across Toronto running special events and programs on the themes of belonging, inclusion, connection and reconciliation.

| On March 14, we signed the Philanthropic Community’s Declaration of Action on Reconciliation. Through the Declaration, the Circle on Philanthropy and Aboriginal Peoples in Canada calls on the philanthropic sector to learn and remember, understand and acknowledge, and participate and act in reconciliation.

Looking at the work we do through an equity lens

By using the goal of achieving greater equity to frame our work, we can better identify gaps and recognize the systemic changes that are needed to dismantle social barriers and help everyone reach their full potential. This includes building diversity and inclusion in our operations and governance as well as in our granting.

“We’re putting something back into the city from which we’ve gotten so much.”Norman Young, Fundholder


Toronto’s Vital Signs 2016

On October 4, 2016, we released our 15th annual Toronto’s Vital Signs Report, the most comprehensive annual snapshot of the state of the city. The Report tracks quality of life based on ten issue areas, from health and wellness, to the gap between rich and poor, to housing and more. Together, they paint a picture of how our city is faring, identifying needs and opportunities for improvement.

5 CHRONIC STRESSES FACING TORONTO

LOOKING BACK

1Child & Youth

Poverty

Toronto continues to be the child poverty capital

of Canada — one in four children lives

in poverty.

2Climate Change

An all-time record-high temperature for the

month of February — 15.5 C — was set at Pearson Airport on February 3, 2016.

3Housing Precarity

The “active” wait list for affordable housing

in Toronto grew by 8.4% in 2015 to almost 85,000 households.

4Vulnerable Seniors

Between 2010 and 2014, seniors accounted for the largest and most steady year-over-year increases

as a proportion of the affordable housing waitlist.

5Social Barriers

to Inclusion

Recent immigrants face a 10.9% unemployment

rate, while those in Canada 10 years or more

fared better at 5.9%.


A new strategic plan

This summer, we adopted a new strategic plan which will guide our work and help us best support our Fundholders and community partners to create a stronger Toronto for everyone.

Sharing voices of lived experience

Good data is essential to understand community needs and opportunities. But real impact happens when we can see, touch and hear the realities of life in our city. This is what spurs us to act. And when those with lived experience lead the solutions, the results are that much more powerful. Through this year’s Vital Signs we will connect with neighbourhood experts whose direct knowledge of our ten issue areas will add depth and agency to our work.

Building Toronto’s resilience

A resilient city has the ability to survive, adapt and grow while meeting the physical, social and economic challenges of the 21st century.

In May 2016, Toronto was named one of the Rockefeller Foundation’s 100 Resilient Cities, making it part of a growing global community that’s working together to build urban resilience. Toronto Foundation is dedicated to helping realize this vision. Building our resiliency means growing the capacity of the most vulnerable people to withstand major catastrophes. But it also means addressing the issues that cause people to be vulnerable in the first place, like child and youth poverty, climate change, social barriers to inclusion, housing precarity, and old age. By anticipating and adapting to these shocks and stresses, we can create a resilient city that responds to adverse events and maintains an environment where all its residents can live, work, learn and grow.

WHERE WE’RE HEADED

MISSION

VISION

VALUES

GOALS

To connect philanthropy to community needs and opportunities.

A city of informed, engaged philanthropists accelerating meaningful change for all.

Brave, thoughtful action. Humility in our relationships. Public trust above all.

WE GROW the philanthropic community through powerful, interactive engagement.

WE BUILD a culturally strong and agile organization.

WE LEAD by raising the voices of others.

WE DRIVE a well-defined and bold impact agenda.


Anish and Pooja Kirpalani

In 2008, Dr. Anish Kirpalani and his mother Sheila were standing on the edge of the most painful moment in their lives. Sheila, an athletic 75 year-old biology teacher, had been diagnosed with pancreatic cancer and didn’t have much time left with her only child. Though he was heartbroken, Anish refused to let his mother’s life be cut short. “She was my best friend. She had a joie-de-vivre about life,” Anish remembers. “It struck me that it would be such a shame to lose somebody who had this kind of capacity to give to people’s lives. I thought, we have to keep that going in some way.”

Together, in late June 2009, Anish and Sheila established the Sheila Kirpalani Foundation. It would be one of the last things they did together — two weeks later, Sheila passed away. Grief-stricken, Anish persisted, finding comfort in carrying on his mother’s legacy through her fund.

“It was very helpful in the healing process and getting over the loss of my mother,” Anish recalls.

“It allowed him to redirect his energy and have something to look forward to when she wasn’t there anymore, and be able to share that with others,” says Pooja, Anish’s wife.

From then on, Anish has kept his mother’s memory alive by nurturing her greatest passions in others. Since 2010, the fund has awarded the Sheila Kirpalani Biology Scholarship to a total of six graduating students at Central Toronto Academy, the school where Sheila once taught. Anish has also supported life-saving research and advocacy at Pancreatic Cancer Canada.

But the most meaningful way Sheila’s legacy will persevere is through her grandson, Sushil, who is named after her. Anish and Pooja already see Sheila’s fearless spirit and musical talent in their son. This summer, the family honoured Sheila’s love of music at a classical North Indian concert sponsored by their fund, as part of Harbourfront Centre’s Summer Music in the Garden series. “I will make sure this fund allows Sushil to get to know his grandmother,” says Anish. “It will help us teach him the importance of giving back to community and the importance of what somebody’s life can mean.”

“My mother believed in showing a curiosity for new things. Learning new things, and not being afraid.”Dr. Anish Kirpalani, Fundholder


Together with our Fundholders, more than $6.4M was contributed to Toronto-focused organizations in 2016/17 — many working to address the issues surfaced in Toronto’s Vital Signs. Strategic granting, led by the Foundation with Fundholder support, totaled $1.9M.

THANK YOU

Thank you to the many Fundholders who make our Special Initiatives possible and to the following external financial supporters who contributed over $1.2M to our Strategic Initiatives:

| Community Foundations of Canada | Greater Toronto Airport Authority | Ontario Trillium Foundation

Through the Welcome Fund for Syrian Refugees and Community Foundations of Canada we are helping Syrian refugee families access affordable housing in partnership with:

| City of Toronto | COSTI Immigrant Services | Polycultural Immigrant and Community Services

TORONTO FOUNDATION STRATEGIC GRANTING Ongoing Special InitiativesRecipe for Community $100,000Beyond 3:30 $125,000Toronto Sport Leadership Program $60,000Playing for Keeps $268,092Pan Am Path $152,250Total $705,342

One-time Special InitiativesCommunity Fund for Canada 150+ $333,793The Sidra Project $10,000Syrian Welcome Fund $225,400Total $569,193

GrantstreamsVital Ideas & Leadership $386,745Vital Youth $249,784Total $636,529

TOTAL $1,911,064

VISIONS OF SCIENCE NETWORK FOR LEARNING “We are changing the way youth from low-income communities experience science, technology, engineering and math (STEM) and how they view themselves in the field. Our organization is empowering young people to think big, dream big and realize their full potential.”

Eugenia Duodu, Executive Director Visions of Science Network For Learning

MATTHEW HOUSE “The Refugee Hearing Program has prepared over 250 refugee claimants to navigate the complex refugee determination system. After a 2-3 hour simulated hearing based on the Immigration and Refugee Board’s process, the claimant gains confidence and feels empowered to tell their story.”

Helton Achaye, Settlement Services Manager and founder of the Mock Refugee Trial Program Matthew House

MAPPING OUR IMPACT IN TORO12 | TORONTO FOUNDATION

TORONTO WARD MUSEUM “Through moving exhibits, community-led initiatives, and collaborative programming, we help residents and visitors learn how immigrants continue to shape this city, while building solidarity and fostering dialogue on migration, citizenship.”

Gracia Dyer Jalea, Founding Executive Director Toronto Ward Museum

NATIVE CHILD AND FAMILY SERVICES OF TORONTO “Through our 7th Generation Image Makers arts program, we empowered more than 70 urban Indigenous youth to tell their stories through art-making. They developed new skills, built positive relationships with peers and mentors, and strengthened their connections to culture and community.”

Kenn Richard, Executive Director Native Child and Family Services of Toronto

AGINCOURT COMMUNITY SERVICES ASSOCIATION “Through our Seniors Reaching Out Programs, over 600 seniors in the Chester Le Community connect with each other through music, dance, games, and resident-led initiatives. Newcomers and long-time residents can openly share their heritage and culture and improve their mental, emotional and physical wellbeing.”

Lee Soda, Executive Director Agincourt Community Services Association

ECOLOGOS“Through the Water Docs @ School Action Projects, 3,000 Ontario students in grade 8 have completed 130 amazingly creative, hands-on action projects to protect their home watersheds, which they documented by creating short films and social media campaigns.”

Stan Gibson, CEO, Ecologos Institute, Water Docs Film Festival, Water Docs @ School Action Projects

SCARBOROUGH ARTS“This year, through the East 2016 arts program, more than 55 racialized and low-income youth grew their artistic talents, accessed mentorship from established artists, tackled social issues in their communities, and built the confidence they need to become leaders.”

Sergei Petrov, Executive Director Scarborough Arts

MAPPING OUR IMPACT IN TORO $6.4M CONTRIBUTED ACROSS TORONTONTOANNUAL REPORT 2016-17 | 13

In 2016/17 1544 grants were made to 754 charitable organizations, for a total value of $12M. An additional $5.1M was contributed to support the operation of three sports facilities created for the Pan Am/Parapan Am Games.

When you come here, you can give anywhere.

Total value of grants made in 2016/17: $12M

Donor-Led Grants: $10.1M

Foundation-Led Strategic Grants: $1.9M

Toronto 2015 Sport Legacy Fund Distribution: $5.1M

Gap Between Rich & Poor 7.9%

Safety 2.7%

Learning 22.9%

Housing 1.1%

Getting Around 0.6%

Arts & Culture 8.5%

Environment 4.9%

Work 1.5%

Belonging & Leadership 24.4%

Health & Wellness 25.5%

TOTAL: $12M

TOTAL CONTRIBUTED: $17.1M

GRANTS AND DISTRIBUTIONS BY TYPE

TOTAL GRANTING BY VITAL SIGNS ISSUE AREA

UNDERSTANDING OUR IMPACT ACROSS CANADA14 | TORONTO FOUNDATION

Total for Ontario

$13.1M

British Columbia

$441K

Nunavut

$10K National

$2.6M* International

$579K

Toronto

$10.8M Other Ontario

$2.3M

GRANTS AND DISTRIBUTIONS BY REGION

$17.1M CONTRIBUTED ACROSS CANADA

SOME MAJOR GRANTS ACROSS CANADA

SUPPORT BY POPULATION

HEALTH & WELLNESS

BELONGING & LEADERSHIP

ENVIRONMENT

ARTS & CULTURE

Multiple Sclerosis Society of Canada

$253K

L’Arche Canada Foundation

$150K

Trans Canada Trail

$100K

$858K was granted to organizations serving people with disabilities

$392Kwas granted to Indigenous organizations

*The majority of national organizations supported are headquartered in Toronto, and as a result, impact regionally as well as nationally.

Royal Ontario Museum Foundation

$255K

UNDERSTANDING OUR IMPACT ACROSS CANADAANNUAL REPORT 2016-17 | 15

96.5% of a Canadian foundation’s assets are invested in traditional investments, and not making any intentional social impact.

What is Social Impact Investing?

Social Impact investing (“impact investing”) is defined as making investments to generate both financial and social/environmental returns (“social returns”). Impact investing is differentiated from traditional investing by intentionality and impact measurement; social returns must not only be actively intended through investments but are also generally measured, quantified, and regularly reported on.

Impact investing is a relatively new type of investing and impact making. While some organizations (particularly faith-based entities) have been naturally doing impact investing for decades, the broader market movement of impact investing only emerged 10 years ago and has since grown. In the last several years, an increasingly robust impact investing market has emerged in Canada, with key stakeholders ranging from federal and provincial government leaders, impact investors including foundations and high-net-worth individuals, and social organizations that harness impact investment capital to fuel more activities and impact.

Why is it important to us?

Impact investing is a complementary tool that all foundations can use alongside grants to create more social impact in their communities.

Foundations exist to improve communities. In order to make social impact, foundations must ensure that they keep their assets “evergreen” so that the foundation itself can survive and continue its work. Today, Canadian foundations are required by law to disburse a minimum of 3.5% of their assets as grants to help their communities. This minimum requirement has more or less guided the actual amount of grants made by foundations each year. Toronto Foundation has made significant impact in Toronto’s community, using its grants to tackle issues ranging from poverty to social isolation to the arts and the environment.

But imagine if Toronto Foundation could use more of its assets to make even more impact in Toronto while ensuring the Foundation’s financial sustainability at the same time. Today, 96.5% — the vast majority — of a Canadian foundation’s assets are invested in traditional investments, which generate a financial return to help replenish its assets and keep it alive. This means that for most Canadian foundations, the bulk of their assets are currently not being harnessed to make any kind of intentional social impact. This represents a major opportunity for foundations to create net new impact in Canada.

Impact investing is a tool that enables foundations to both help replenish the Foundation’s assets and make social impact in communities at the same time.

Re-Imagining Impact:

SOCIAL IMPACT INVESTING


Our progress to date

In 2016, Toronto Foundation publicly announced its commitment to impact investing by creating a $6M pilot for impact investments. The Foundation has been actively working with the MaRS Centre for Impact Investing to develop its impact investment strategy and to identify and analyze impact investment opportunities. As at March 31, 2017, the Toronto Foundation has approved two impact investments totaling $2.5M: a $1.5M secured loan into phase 1 of Habitat for Humanity GTA’s Pinery Trail project (the largest Toronto-based build to-date, consisting of 50 townhouse-units (pictured); and, a $1M secured loan into Artscape Launchpad Inc.’s project to develop a co-working facility that also serves as an incubator and entrepreneurial centre for art and design professionals in Toronto. Habitat for Humanity GTA will quantify and report on the impact of home ownership on the financial and overall well-being of new homeowner families, and Artscape Launchpad Inc. will quantify and report on the impact of the innovative co-working space on the financial well-being of Toronto’s arts community.

At its 2017 annual general meeting, Toronto Foundation created a standing committee of the Board dedicated to impact investing at the Foundation. We are now in the process of designing an impact investment strategy beyond the pilot portfolio.

Canada’s National Advisory Board to the Global Social Impact Investment Steering Group (GSG) recommends that all foundations (public and private) invest a minimum 10% of their assets in impact investments by 2020.

DID YOU KNOW?

In 2016/17, Toronto Foundation approved 2 social impact investments totalling $2.5M.


Community Initiatives Committee

Marketing & Development Committee

Finance & Audit Committee

Investment Committee

Governance Committee

Natalie Townsend, Chair

John Barford, Ex-Officio

Julie Frost **

Rick Goldsmith

Edward Greenspon

Sue Griggs

Nancy McCain

Bill MacKinnon

Richard Peddie, Chair


Neala Barton

Joseph Bonnici **

Claire Duboc

James Grant **

Bill MacKinnon, Chair


Robert Bertram, Ex-Officio

Michael Brooks

Ian L.T. Clarke

Elizabeth Gitajn **

Robert Bertram, Chair


John A. Francis

Michael Herrera **

Sandy Houston

John B. MacIntyre **

Bill MacKinnon, Ex-Officio

Michael Brooks, Chair


Robert Bertram

Bill MacKinnon

Richard Peddie, Ex-Officio

Ceta Ramkhalawansingh

Lola Rasminsky

John L. Sherrington

Greg Wilkinson

Sharon Avery, Ex-Officio

Rosalyn Morrison, Staff

Richard Ivey, Ex-Officio

Beth Robertson **

Greg Wilkinson


Anne Brayley, Staff

Julia Howell, Staff

Dan Golberg **


André Perey


Denise Arsenault, Staff

James Meadows **


Jane Rowe **

George Vesely **


Denise Arsenault, Staff


André Perey

Natalie Townsend

Sharon Avery

(** non-Board member)

BOARD COMMITTEESANNUAL REPORT 2016-17 | 19

Vital Youth Vital Ideas and Leadership

Rick Goldsmith

Chair, Vital Youth Selection Committee

Toronto Foundation Board of Directors

Partner, National Risk Management, Advisory Services, KPMG Management Services LLP

John Caffery

Supporting Our Youth, Program Coordinator, Sherbourne Health Centre

Jake Kazanjian

Community volunteer

Nancy McCain

Chair, Arts Access Fund


Toronto Foundation Fundholder

Richard Peddie

Chair, Vital Ideas and Leadership 2017 Selection Committee

Consultant, Author, Speaker



Sylvia Azoulay

Vice President, Richardson GMP

Ian L.T. Clarke

Financial & Strategic Consultant, Greater Toronto Airports Authority, Finance


Evan Muller-Cheng

Manager, Community Initiatives, Agincourt Community Services Association

Lola Rasminsky

Founder, VIBE Arts



Lynn Torres

PhD Student, Health Policy and Equity, York University

Jin Wen

Manager, Tax Services, Grant Thornton LLP

Patty Fleming


Ed Greenspon

President and CEO

Public Policy Forum


Dan Jacob

Growth Manager, Toronto, Breather

Belinda Mark

Associate Partner, Hilborn LLP

Roz McLean

Associate, Burgundy Asset Management

STRATEGIC GRANTING SELECTION COMMITTEESOur strategic grant streams (Vital Youth, Vital Ideas and Leadership, and the one-time Community Fund for Canada 150+) 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.


Community Fund for Canada 150+

Sue Griggs

Chair of the Community Fund for Canada’s 150+ Selection Committee



Michael Barford

Account Supervisor, Diamond Marketing


Kizzy Bedeau

Director Community Partnerships Office, George Brown College

Thomas C. Darnay

Vice President of Finance and Administration, Indspire

Ige Egal

Executive Director, Toronto Inner City Rugby Foundation

Susan Latremoille

Director, Wealth Management, Wealth Advisor, Latremoille Group, Richardson GMP

Devon Ostrom

Lead Curator, Co-Founder, Friends of the Pan Am Path

Richard Peddie

Consultant, Author, Speaker



Ariel Smith

Executive Director, imagineNATIVE

Natalie Townsend

Managing Partner, NorthRock Capital



Corina Weigl

TEP, Partner, Fasken Martineau

Jesse Wente

Broadcaster, Advocate & Pop Culture Philosopher, CBC

Director of Film Programmes, TIFF Bell Lightbox

Professional Advisors — Lucy Main, David O’Leary and Jin Wen

David O’Leary (financial advisor), Lucy Main (estate planning and administration lawyer) and Jin Wen (a senior manager of tax services) jointly hosted an evening of networking and learning for young professional advisors in November, and have a message for other professional advisors.

“Get involved in Toronto Foundation events, like selection committees, and networking and learning events. It’s through these events that you start to build connections and learn more about Toronto Foundation services. It’s also just really fulfilling and rewarding.”


Yeti Agnew

Tammy Anklewicz

Nino Ardizzi

Anthony Arrell

Risa Awerbuck

Mike Baker

Ismail Barmania

Gwen Benjamin

Peter Bennett

Jack Bergmans

Maureen Berry

Linda Betts

Ninette Bishay

Mark Blumberg

Rachel Blumenfeld

Dan Brintnell

Sarah Bull

Dennis Caponi

Howard Carr

Alex Carter

Tim Cestnick

Joel Clark

Rick Claydon

Michael Cooksey

Frank Creaghan

Sheila Crummey

Nicole D’Aoust

Douglas Davis

Jeffrey Dawson

Gregory Deacon

Michael Decter

Kiki Delaney

Joanne Dereta

Scott Dickenson

Mary Louise Dickson

Debbie Dimoff

Judy Dore

Lori Duffy

Ambie Edgar-Chana

Jason Edmunds

Michael Ellis

Jessica Feldman

Margaret Franklin

John Fuke

Layth Gafoor

Scott Gibson

Genevieve Giroday

Robert Goldberger

Jamie Golombek

Geoffrey Gouinlock

Serena Hak

Mark Halpern

Gwen Harvey

Lindsay Histrop

Elena Hoffstein

Eric Hoffstein

David Hogg

Emily Hubling

Cheryl Hudson

Ian Hull

Trevor Hunt

Ahmed Ismail

Candice Jay

James Johnson

Costa Kapassas

Diane Karnay

Heather Keachie

Hilary Laidlaw

Michael Lakhani

Mark Landers

Susan Latremoille

Brenda Lee-Kennedy

Dean Levitt

Mo Lidsky

Koel Loyer

Barrett Lyons

Mary Main

Lucinda Main

Susan Manwaring

Michael Marcovitz

Belinda Mark

William Martin

Jill McAlpine

Marty McConnell

Tom McCullough

David McWhirter

Maureen Monaghan

Julie Morton

Chris Moynes

Gillian Musk

James Myers

Paul Nazareth

Jeff Noble

Miro Oballa

David O’Leary

Margaret O’Sullivan

Nino Pannozzo

Evasia Patrianakos

Charlotte Paul

Charlie Pielsticker

Ted Polci

Heidi Rankin

Ted Rechtshaffen

Marvi Ricker

Chris Rugel

Mike Saron

Preben Schmidt

Russell Schmidt

Michael Shulman

Leslie Slater

Natasha Smith

Irene So

John Stacey

Amanda Stacey

Keith Thomson

Meta Tory

David Toyne

Shauna Trainor

Laura Tyrrell

Timothy Unwin

Andrew Valentine

Tom Vandewater

Lorraine Varga

Marissa Verskin

Edward Waitzer

Geoffrey Warren

Corina Weigl

Eric Weir

Jin Wen

Dianne White

Shelley Williams

Dale Williams

Karen Windischmann

Nicole Woodward

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

Referred a Fundholder

Fundholder

Legacy Society Member


New Fundholders This Year

Individuals, families, corporations, other charitable organizations and governments have made the most of their philanthropy by establishing new Funds at Toronto Foundation this year.

We offer a variety of Fund options to provide the best vehicle to achieve a Fundholder’s unique philanthropic goals.

Andrew and Lynn Torres Foundation

Annabel Slaight Lake Simcoe Fund

Avery Family Foundation

Brettany’s Legacy: The Brettany Biggs Fund

Choir! Choir! Choir! Foundation

Cornelis van de Graaff and Terence Clarkson Fund

Daly Family Charitable Foundation

Don and Denyse Green Family Foundation

Dr. Albert Wolf Silver Memorial Fund

Dream Big Foundation in memory of Steve Montador

Emerson Stajan Foundation

Gamma Phi Beta Alpha Tau Scholarship Fund

Geoffrey and Edith Wood Charitable Fund

Geringas Scholarship Foundation

GH Wood Charitable Fund

GH Wood Legacy Fund

GHW Memorial Fund

Gord Downie & Chanie Wenjack Fund

Jake Thompson Memorial Fund

JG Foundation

Kriss Family Fund

Lighthouse Foundation

Margaret Sisley Fund

McQuaid Harbell Fund

Michael Budman and Diane Bald Family Foundation

MSW 2017 Fund

Mulamoottil Family Foundation

NJ Foundation

Rahul K. Bhardwaj (Vital Toronto Fund)

Sidgwick Scholarship Fund

Sterling Achievement Fund

Team SPS Gives Back Charitable Fund

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

The Paul Butler and Chris Black Foundation

Thorpe Family Foundation

Velinda K|Nights Foundation

Welcome Fund for Syrian Refugees

William L. and Jean V. Stager Fund

Wood Hart Fund

Wood/Cathcart Memorial Fund

“This fund has made me feel very connected to my community.”Terry Beauchamp


Norman Young and Janey Law

Just over a year ago, Janey Law and Norman Young weren’t sold on the idea of starting their own fund. As the children of immigrants, they both live by the humility instilled in them by their parents. “Our cultural background is one in which you actually don’t want to stand out too much,” explains Norman, a software manager. “Humility is highly valued and it’s about the collective, not the individual,” adds Janey, an accountant.

But Norman and Janey are also guided by generosity and gratitude, the qualities they admire most in their parents. Their doubts faded as they learned more about how they could help bring about positive change with their fund. “For us, it wasn’t about having our name on a wall,” says Janey. “It’s about being able to contribute in some small ways to really improve quality of life for lots of different people in the city,” adds Norman. “We’ve been given this privilege and this opportunity to do things that our parents never had before. How could we not give back?”

As passionate foodies, both Norman and Janey want to help all Torontonians access healthy food through their fund, the NJ Foundation. “When you’re in a big city like Toronto you don’t really realize that a lot of people struggle with food insecurity,” says Janey. “So many people have all this potential but if they’re worrying about food, they’re probably not thinking about much else.” They hope to support organizations like The Stop Community Food Centre, that is dedicated to providing vulnerable Torontonians with nutritious food while addressing the underlying issues that lead to poverty and hunger.

Over the past year, Janey and Norman’s commitment to philanthropy deepened as they have come to understand another lesson from their parents. “What you’re born into has a huge impact on where you can end up,” says Janey. “The more we can help other people and give them the type of support structure that we received by virtue of being born here, the better.”

“What you’re born into has a huge impact on where you can end up.” Janey Law, Fundholder


Individual and Family 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

Ada W. Slaight Fund

Adelle and Paul Deacon Nanton Fund

Alex and Carolyn Drummond Foundation

Alex Padulo Memorial Foundation

Altair Fund

Andrea Miller Fund

Andrew and Lynn Torres Foundation

Andrew Chisholm and Laurie Thomson Fund

Angela Longo Leadership Fund

Ann and Bud Brown Foundation

Annabel Slaight Lake Simcoe Fund

Anne Y. Lindsey Fund

Armstrong Foundation

Artaflex Inc. Fund

AstraZeneca Canada Inc. Endowed Research Fund

AstraZeneca Canada Inc. Endowed Signature Fund

Augustine Family Fund

Aurora Community Fund

Avery Family Foundation

Barry and Jane Hayes Memorial Fund

Bay Street Invitational Fund

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

BMW Group Canada Employee Fund

Brayley Family Fund

Brent & Lynn Belzberg Fund

Brettany’s Legacy: The Brettany Biggs Fund

Brown-Nusbaum Family Fund

Bruce Beauchamp Memorial Fund

Bruce Blackadar Last Call Fund

Bryant & Soul Family Fund

Bryon Wilfert Fund

Calamor Fund

Canada Company Scholarship Fund

Canada Post Literacy Fund

Carman and Margaret Lewis Fund

Carole Aronovitch Foundation

Carruthers Family Fund

Cary-Ellen Mackenzie Memorial Fund

Catherine Logan Fund

Cavelti Family Foundation

CFNY Youth Fund

Charles and Joyce Ramsay Fund

Cheesbrough Family 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

Constance and David Roseman Fund

Cook Sayeed Callender Fund

Coral and Bill Martin Family Foundation

Cornelis van de Graaff and Terence Clarkson Foundation

Daly Family Charitable Foundation

Dan & Mary Cornacchia Charitable Fund

David Kenny Fund

Denham Family Fund

DeRo Foundation

Diane and Don McQuaig Foundation

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 Maurice Simmonds Charitable Fund

Downsview Community Renaissance Fund

Dr. Albert Wolf Silver Memorial 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

Du Sablon-Lank Family Foundation

Duane Livingstone Family Fund

Duboc Family Foundation

Duncan and Lesley Hawthorne Fund

EDAC Legacy Scholarship Fund

Edward A. Tory Fund

Edward I. Unger Fund

Eleanor & Francis Shen Family Fund

Elspeth Heyworth Bursary Fund


Elvino and Linda Sauro Fund

Emerson Stajan Foundation

Emmett & Leo Fund

Emmy Duff Scholarship Foundation

Erica Shuttleworth Fund

Ernest and Hilda Hubbard Foundation

Ernie Crossland Environmental Scholarship Fund

Eva’s Thanksgiving Fund

Findlay Family Foundation

Fitness Institute Foundation Fund in Memory of Lloyd Percival

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

Goldie Feldman Fund

Gord Downie & Chanie Wenjack Fund

Gordon Mollenhauer Family Foundation

Goring Family Foundation

Greg Bond Musical Theatre Fund

Griggs Family Foundation

Hallward Fund

Halsall Family Foundation

Heal Family Trust

Honey Family Foundation

Howard and Diane Taylor Family Fund

Imagine Fund

Imran Jaffer Foundation

Iva and Garfield Payne Fund

Jack and Anne Mollenhauer Family Foundation

Jake Thompson Memorial Fund

James and Alfreda Parlee Fund

James Lindala Family Foundation

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

JG Foundation

Jim and Doreen Doherty Fund

Jitendra & Anita Mistry Foundation

Joan McCalla Fund

John & Dorothy McSherry Fund

John & Marian Taylor Family Fund

John and Amanda Sherrington Fund

John and Christine Currie Foundation

John and Jocelyn Barford Family Foundation

John and Marie Levitt Foundation

John Kenny Fund

John S. and Joan P. Ridout Fund

John Thomas Murphy Memorial Fund

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

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

Kideckel Robbins Family Foundation

Kiessling/Isaak Family Foundation

Kingsway Community Refugee Fund

Koehler Family Fund

Kriss Family Fund

Kuttis Family Fund

Lady Ophelia Fund

Lakhani Family Charitable Foundation

Langford Family Foundation

Lay Family Foundation

Lee and Patrick Howe Family Foundation

Lifeline Syria Fund

Lighthouse Foundation

Linda and Steve Lowden Fund

Liphardt Charitable Fund

Lisa’s Legacy: The Lisa Montanera Fund

Lola Steiner Fund

Lorne and Orma West Fund

Lycklama Family Fund

MacFeeters Family Fund

Main Family Fund

Manny Cabral Memorial Fund

Margaret and Gordon Fleming Fund

Margaret Sisley Fund

Margaret’s Joy Fund

Marilyn and David Gluskin Fund

Mariwal Fund

Marsh Memorial Fund

Marsha & Aubrey Baillie Fund

Martin Connell and Linda Haynes Fund

Martin Davies Memorial Fund

DONOR ADVISED FUNDS


MasterCard Foundation 10th Anniversary Giving Campaign

Mayor’s Endowment Fund for the Arts-Richmond Hill

McKerroll Family Fund

McLaughlin/Costigan Fund

McQuaid Harbell Fund

McSherry Family Fund

Melman Childhood Cancer Fund

Michael & Christine Selim Foundation

Michael and Jackie Shulman Family Fund

Michael B. Decter Foundation

Michael Budman and Diane Bald Family Foundation

Mike James Memorial Foundation

Miller-Cammidge Fund

Mississauga Lifeline Syria Fund

Moir Family Foundation

Morningstar Fund

Moynes Family Fund

Mrs. Joan H. Miller Scholarship Fund

MSW 2017 Fund

Mulamoottil Family Foundation

Murray & Susan Armitage Foundation

Nachiket Children’s Literacy Foundation

NAE Fund

Neighbourhood Innovations Fund

Neil and Shirley Macdougall Fund

Nesbitt Family Foundation

NigE Gough Shine On Foundation

Niki Bledin Fund

NJ Foundation

Noah John Winston Miles Foundation

Norah Faye Foundation

Norman Allan Middleton Fund

Oak Ridges Moraine Stewardship Fund

One City Scholarship Fund

O’Neil Leger Family Foundation

Orly Watkin Fund

P/N Family Fund

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 Higgins Jr. Fund

Pauline and Dipak Mazumdar Fund

Payne Family Fund

Peggy C. Linton Fund

Peter and Pauline Dawson Foundation

Peter Barnard Fund

Pettet Foundation

Phillip & Maureen Tingley Fund

Piramal Healthcare Fund

PQR Fund

Prichard-Wilson Family Foundation

Princess Alexandra Bursary Fund

Ravindranjali Trivedi Charitable Foundation

Raymond and Irene Collins Foundation

Reach for the Top Foundation

Red Jacket Foundation

Richard and Colleen Peddie Foundation

Richard and Donna Ivey Fund

Richard Wernham and Julia West Family Fund

Rob Ford Football Foundation

Robert A. Donaldson Family Fund

Robert Tetley Fund

Ronald and Anne Leggett Literacy Fund

Rosedale Park Playground Renewal Fund

Roy Bennett Memorial Fund

Rubisov Family Foundation

Russell & Sharon Schmidt Fund

S. Chum Torno Fund

Sachania Charitable Foundation

Sadler Fund

Sandala Emery Family Fund

Sandra Fraser Gwyn Foundation

SAP Canada Fund

Saul E. Joel Fund

Savoy Pitfield Foundation

Schachter Family Fund

Scott Family Fund

Sheila Kirpalani Foundation

Shelagh and David Wilson Fund

Sherry and Edward Drew Family Fund

Shum Vourkoutiotis Fund

Sidgwick Scholarship Fund

Simon Family Fund

So Family Foundation

Spem In Alium Fund

Srinivasan Family Foundation

Stacey Family “Aurora” Fund

Stacey Levitt Athletic and Educational Fund

Starcan Fund

Stephen Eby Memorial Fund

Sterling Achievement Fund

Steven & Alberta Williams Memorial Fund

Steven K. Hudson Foundation

Stewart R. Code Memorial Scholarship Fund

Stuart and Patricia MacKay Family Fund

Supper with Syria Fund

Taylor Irwin Family Fund

Team SPS Gives Back Charitable Fund

Teow Family Foundation

The E. E. T. Briggs Family Fund

The Ontario College of Teachers Scholarship Fund

The Paul Butler and Chris Black Foundation

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

DONOR ADVISED FUNDS


“I really value Fran’s friendship. She and I are confidantes. She’s a very good sounding board as well.”Patty Fleming, Fundholder

The Susan, Sarah and Nicholas Latremoille Fund

The Wendy Buda Foundation

Thorpe Family Foundation

Thunder Foundation

Timothy 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

Van Biesen-Zimakas Family Fund

Vandewater Charitable Foundation

Velinda K|Nights Foundation

Viva Vitalita Gala Fund

Vulpe & Pelenyi Charitable Fund

Waddington Family Fund

Waisberg/Bellwood Charitable Fund

Waitzer Family Fund

Wilcock Family Fund

Wilkinson Family Fund

Wilson Vukelich LLP Fund

Women’s Fund

Wood Hart Fund

Wood/Cathcart Memorial Fund

Woodbine Entertainment Group Foundation

Yano-Shuttleworth Fund

Your Kingdom Come Foundation

Anonymous (4)

DONOR ADVISED FUNDS

Patty Fleming and Fran Deacon

Fran Deacon and Patty Fleming’s friendship has always been a family affair. The relationship began when Patty’s father Gordon worked with Fran’s husband Fraser, Toronto Foundation’s founder. Now, Patty counts Fran not only as one of her best friends, but a mentor in philanthropy. As a long-time decision maker for her parents’ fund, the Margaret and Gordon Fleming Fund, Patty was inspired by Fran to start her own fund four years ago, the Patricia J. Fleming (FBG) Fund. But the best part of their friendship goes much deeper. “Fran is just a lot of fun,” says Patty.

“She can make me laugh to the point where my stomach hurts.”


Named Vital Toronto Funds

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

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.

Donor Advised Field of Interest Funds

With a Donor Advised Field of Interest Fund, the donor selects the issue area and directs grants to any registered Canadian charity within that issue area.

ACE Bakery Ltd.

Ada W. Slaight Fund

Anne Swarbrick Toronto Fund

Arsenault Fund

Bill and Janet Young 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 Fund

Dr. John Carey Fund

Duboc Family Foundation

Evans Family Fund

Halsall Family Foundation

Honey Family Foundation

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

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)

Adrian and Reta Hudson Fund

Art Eggleton 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

Peter and Elizabeth Morgan Fund

Sedbergh School Fund

Anonymous (1)

Bronwen’s Rainbow Fund

Canada Company Scholarship Fund

James Rutley Grand Memorial Fund

Mary Ecclestone Nutrition Scholarship Fund

Michael and Honor de Pencier Fund

William Ida Leon Dolrine Steinberg Fund


Designated Funds

A Designated Fund allows the donor to determine the Fund’s charitable beneficiaries at the time it is established and empowers the Foundation to carry out those wishes moving forward.

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.

A. J. & Margaret Little Charitable Fund

Albert C. Strickler, M.D. Scholarship Fund

Anthony & Elizabeth Comper Fund

Ashbridge Fund

B & B Hamilton Fund

Bonnie Cox Fund

Colonel F. H. Deacon — Memorial Fund

Coloured Development Fund

David R. McCamus Endowment Fund

DOMAC Fund

Douglas and Ruth Grant Fund

Dr. I. L. Babb Fund

Edna & Paul Munger Fund

Elizabeth Ann Heacock (Nee Prince) Memorial Fund

Evelyn and Cecil Hoffman Charitable Foundation

F. E. M. Fund

Flora Morrison Choral Fund

Flora Morrison Research Fund

Fran Endicott Equity Fund

Glenn Tompkins Memorial Fund

H. Matheson Family Foundation

Harold “Pat” Dooley Educational Fund

Helen D. Phelan Fund

Isobel B. Jaffrey Heritage Fund

Jack and Rita Catherall Scholarship Fund

Jack Thomas Fund

Jennifer Headley Fund for a Living Planet

Jennison Fund

Joan and Roy Frankel Charity Fund

John A. and Margaret K. Lowden Memorial Fund

Learning Disabilities — Ontario Fund

Lind Family Fund

Lola Somers Foundation for Animals

Love Family Fund

Mario Reale Fund

Marjorie J. Sharpe Fund

Marsh Memorial Fund

Michael La Patriello Fund

Michelle Risi Dance Angel Scholarship Fund

Morgan Goldberg Memorial Fund

N. James Swan Memorial Scholarship Fund

Penny and Rob Richards Endowment for the Toronto Botanical Garden Fund

Red Barn Theatre Endowment Fund

Rev. Frank P. Corless Fund

Robert McKinney Fund

Roy Russell Memorial Fund

S. Marguerite Walker Memorial Fund

Sheila Hall Van Gijn Scholarship Fund

Stratton Fund

Tawny Richard Fund

TJLS IJIKAI Fund

Tom Thomas Music Scholarship Fund

Vas Family Fund (Canada)

W. W. (Peter) Southam Fund

Waddington Family Fund

Wally Stefoff Art Scholarship Fund

Welcome Fund for Syrian Refugees

William L. and Jean V. Stager Fund

William M. Vaisey Arts Foundation

Women’s Habitat Endowment Fund

Anonymous (1)

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

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

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

Toronto Symphony Volunteer Committee Endowment Fund

Toronto Zoo Trust Funds


Consolidated Funds

A Consolidated Fund allows a charitable organization to maintain ownership of its endowment assets and take advantage of Toronto Foundation’s investment strategy.

Legacy Society

By committing a portion of an estate to establishing a Fund at Toronto Foundation, donors can ensure that the legacy they have worked so hard to build will live on for generations to come.

AFP Foundation for Philanthropy — Canada

Amici Camping Charity

Boys and Girls Clubs of Canada Foundation

Campbellford/Seymour Foundation

CARE Centre for Internationally Educated Nurses

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

Muskoka Community Foundation

Napanee District Community Foundation Fund

Niagara Community Foundation

Ontario Society for the Prevention of Cruelty to Animals

TO2015 Legacy Fund

Toronto Zoo — Development Funds

Unison Health & Community Services

United Way Toronto & York Region (In Trust)

United Way of St. Catharine’s and District

Writers’ Union of Canada

Walter Newton Beauchamp

Ruth Elinor Beauchamp

Herbert George Binet

Lillian Evelyn Bloom

Frederick John Bradley

Winnifred Bruton

Dorothy Bullen

John Carey

Helen Audrey Chandler

Gordon Cheesbrough

Rev. Frank Corless

Dr. Sue Corlett

Bonnie Cox

J. Douglas Crashley

John Eston Crosby

John Currie

Evelyn Mary Davis

Frederick Dunn

Roy Frankel

Diana Gillespie

Alison Gordon

James Grand

Margaret Eleanor Riches Hall

Elizabeth (Betty) Hamilton

Cecil Hoffman

Mary Rowell Jackman

Isobel Jaffrey

Franc Joubin

Elsa Maire Karha

Michael La Patriello

Silveria Ladek

Frances L. Lindenfield

Frances Anne MacDonald

Eleanor McDougall

Florence E. McEachren

Norman Allan Middleton

Flora Morrison

Grant Parent

Alfreda Parlee

Bhartiben Patel

Michael Pearl

Helen Phelan

Lucile Pratt

Oscar Rogers

Charles Roy

William & Jean Stager

Max Tanenbaum

Gertrude Thomas

Jean Tompkins

William Vaisey

Kenneth Watts

Steven Williams

John & Peggy Withrow

John Wood

REALIZED BEQUESTS

“I know my dad and mum would be so proud, and Bruce would just love it. They’re watching down right now.”Julie Slater, Fundholder


Michael Adams

Matthew & Phyllis Airhart

Joan Anderson

Robert & Margaret Anglin

Robert Sterling Beckwith

William Bedell

Paul Bedford

David Boblitz & Antoinette Zichy

Ruth A. Bradshaw

Albert & Carolyn Brandstatter

Anne L. Brayley

Helen Breslauer

Al G. Brown

Andrew “Bud” Brown & Ann Brown

Beverley Burke

Paul Butler & Chris Black

John Cassaday

Kim Cheesbrough

Steven & Diane Clendenan

Dan & Mary Cornacchia

Rita & Mark Daniel

Jeffrey Dawson & Janice James

Susan Dayman

Honor de Pencier

Gregory Deacon

Frances Deacon

Walter Donovan & Laverne Hill

Alexander & Carolyn Drummond

Patricia Dunham

Ross & Marilyn Durant

Patricia J. Fleming

Gabrielle Fong

Angela Fusco

Janet Gadeski & Gary Fisher

Ann Garnett

Kenneth Goldberg

William & June Gooch

Sue & Harvey Griggs

Allison Hough

Dr. Anish Kirpalani

Mark Krakowski

Merle Kriss

Susan Latremoille

Jim Lawson

Anne Lindsey

Catherine Logan

Nancy & Jon Love

Neil & Shirley Macdougall

Sally MacRae

Soren & Sheila Madsen

Irene Magill

Anne Martin

Marcia McClung

Gerry & Suzanne Meinzer

Peter & Bette Morgan

Dr. Saroja Narasimhan

Douglas Neal

Hoanh & Nina Ngo

Daryl Novak & Brian Harrison

David Payne

Diane Pettet

John & Pamela Richardson

John & Judy Rumble

William Schultz

Martin Ship & Don Kinder

Annabel & Brian Slaight

Julie Slater

Anne Swarbrick

Eva Swenson

Dr. Gaétan Tardif

Marvin & Pamela Tarek

Catherine Thomas & Fraser Baillie

Keith Thomson

Barbara Tolson

Tim & Anne Unwin

Kevin Vance

Joan E. VanDuzer

Joanne Waddington

Shannon Waller

UNREALIZED BEQUESTS

ANONYMOUS BEQUESTS: 11

The Bruce Beauchamp Memorial Fund — Terry and Helen Beauchamp, Julie Slater, Tina Beauchamp.

The Bruce Beauchamp Memorial Fund was created in 1988 by Walter and Eleanor Beauchamp to carry on the legacy of their son Bruce, who passed away from pancreatic cancer. As the third fund to be established at Toronto Foundation, it started small, but has grown in size and impact over its 29-year life. The fund, now run jointly by siblings Terry and Julie Slater, Terry’s wife Helen and Bruce’s widow Tina, supports a number of health-related organizations with a focus on cancer care, and has granted over $350,000. “Bruce’s fund grew from a little, tiny idea and just a few hundred dollars at the beginning, and now look at what it’s done,” says Terry. “It’s like a big, beautiful oak tree.”


Fundholder Grants to Toronto Foundation’s Operations

A.J. & Margaret Little Charitable Fund

Colonel F.H. Deacon-Memorial Fund

Edna & Paul Munger Fund

Helen D. Phelan Fund

John A. and Margaret K. Lowden Memorial Fund

John and Jocelyn Barford Family Foundation

Roy Russell Memorial Fund

Stratton Fund

The Richard and Colleen Peddie Foundation

Colleen Peddie still remembers when her father gave away her family’s television. “I don’t think there was anything my father wouldn’t give away to somebody in need,” she says. “Our house was always open to people. It really made me who I am.” Colleen and husband Richard carry on this history of giving through the Richard and Colleen Peddie Foundation, which helps give youth access to opportunity. “This is a rich city but there are lots of people struggling here,” says Richard. ”We want to add bricks to the civil foundation.”

“Sometimes a simple hand up can make all the difference in the world. We’re in it together. It is important for us to take care of one another.”Colleen Peddie, Fundholder


Individual and Corporate Donors to the Vital Toronto Fund and Toronto Foundation’s Operations

Aneil Gokhale and Nicole Cheung-Seekit

Anne L. Brayley

Anthony R. Melman and Val Melman

Association of Fundraising Professionals — Toronto Chapter

Aurelia Dalinda

Bank of Montreal

Benevity Community Impact Fund — a fund of the Canadian Online Giving Foundation

Canada Helps

Canada Post Corp. —Corporate Disbursements

Canadian Association of Gift Planners

CapServCo Limited Partnership

Catherine Thomas and Fraser Baillie

Chartered Professional Accountants of Canada

City of Toronto

Colin Lacey

Daniel S. Golberg

David O’Leary

Denise Arsenault

Douglas R. Neal

Enbridge Gas Distribution Inc.

Estate of Ms. Alison Gordon

Four Seasons Hotels Limited

Frances Ward Deacon

Gensler

Gordon Ash

Government of Canada

Greg Kiessling and Pam Isaak

Gregory P. Deacon and Michelle Melanson Deacon

Greig Smith

Hoanh T. Ngo and Thu-Nga T. Ngo

Holt Renfrew

Irene Magill

Jann Stefoff

Jason Wagar

Jeffrey A. Dawson and Janice James

Joan E. VanDuzer

John Rowsome

Julia Howell and Scott Bullock

KPMG

Laurel Carlton

Lisa Grislis and Brian Mason

Lorie Waisberg and Ginny Bellwood

Madonna CSS

Marlon Reid and Davina Reid

Marsh Canada Limited

Marya Syed

Michael Marcovitz

Michael Salem

Ministry of Children and Youth Services

Ministry of Finance

Miranda Hassell and Jared Walker

MLSE Foundation

Moore Johnson

Nadien Godkewitsch

Nicole Lilauwala

Patricia Dunham

PointClick Care

Prempeh Williams

Price Waterhouse Coopers

Rahul K. Bhardwaj and Ritu Bhardwaj

Rick Goldsmith

Rita Daniel and Mark Daniel

Robert B. Matthews and Susan Matthews

Rosalyn J. Morrison

Ruth Mandel

Salesforce Foundation

Sangjoon Park

Sara Krynitzki

Sarah Lerchs

Saroja Narasimhan

Seema Lohar

Strategic Charitable Giving Foundation

Telus Corporation

Theresa Malley

Torey Kehoe

Tyler A. Demers

United Way of Peel Region

University of Toronto

Up Capital Ltd.

Valleydene Corporation Ltd.

Victoria Robertson

Anonymous (9)

“Philanthropy is always a two-way street. Even if you’re the initiator, you’re also the one who receives.”Fran Deacon, Fundholder


Jean Bryant and Bob Goldberger

As a child, Jean Bryant learned pretty quickly that helping out wasn’t optional. “I was one of 12 kids and the third oldest,” she explains. “The two older sisters helped Mom, and I helped everybody else.” For as long as she can remember, she’s been giving back to her community, but her giving lacked direction.

“Over the years I’ve always been blessed with being able to help people, but it was more haphazard,” says Jean. “That is, until Bob introduced me to Toronto Foundation.”

Like Jean, Bob Goldberger discovered the power of giving back at a young age. In 1976, he wasn’t the successful financial advisor he is now. He was just a kid finishing CEGEP in Montreal, figuring out how to chase his dreams while fulfilling his parents’ expectations. “I wanted to go to Bishops University and my parents wanted me to go to McGill,” Bob recalls. “I didn’t have the money to go away to school.”

Fearing his dream school was out of reach, Bob took a chance and began applying for scholarships, and his gamble paid off. “Bishop’s found a scholarship for $1,000 a year,” he explains. “It doesn’t sound like a lot in 2017, but it allowed me to go where I wanted to go, and I had a great experience.”

The scholarship changed the course of Bob’s life and galvanized his lifelong commitment to philanthropy. Now, he helps clients like Jean achieve their own dreams of giving back. With Bob’s help, Jean started the Bryant & Soul Family Fund. In just three years, the fund has provided invaluable support to abused women and children through Interval House, and to healthcare through the Toronto Women’s College Hospital.

On top of helping others, both Bob and Jean have seen gains in their own lives as a result of their giving. “It does my heart good to know that I can help,” says Jean. “You get back more than you give. It’s very simple” echoes Bob. “We look at ourselves differently as people, and we look at society differently, because we’re trying. Everybody’s just got to try a little bit. You’ll be amazed at what you can accomplish.”

“We don’t all get the same opportunities. We as a society have to help the people who are most disadvantaged.” Bob Goldberger, Professional Advisor


FINANCIALSOUR FUNDSThe Foundation’s total funds balances amount to $347.9M at March 31, 2017, including the Operating Fund of $3.8M. Endowed Funds total $161.9M, made up of funds designated by the donor to be held permanently or for a period of at least ten years, as well as funds endowed by the Board of Directors when there is no current intention of making the original donation available for granting. Endowed Funds include $128.6M of Donor Advised funds and $33.3M of Board-advised funds. Board-advised funds include 41 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 $40.2M. These funds are not subject to granting restrictions.

Further, the Foundation manages $141.8M of funds for other organizations, including the TO2015 Legacy Fund of $70.7M, and $64M of funds held on behalf of 19 other organizations with which the Foundation has investment pooling agreements.

As of March 31, 2017 the Foundation was home to 583 funds, a 3% rise from a year ago. These consist of the following types: 406 Endowed Funds (permanent/long term), 40 Invested Flowthrough Funds (medium to long term), 115 Flowthrough Funds (short term), 21 Funds held on behalf of other registered charities and government and other bodies (having an offsetting liability), and the Operating Fund. Endowed and Invested Flowthrough Funds as well as Funds held on behalf of other parties are invested in pooled funds managed by third party investment managers. Flowthrough Funds are invested in short-term investments.

Fund Value Over 5 Years

Assets Under Administration

The Foundation’s assets under administration total $447.2M at March 31, 2017, including the United Way of Toronto and York Region Fund ($99.3M) that the Foundation administers on its behalf. This represents growth of $190.1M or 74% over five years, generated by gifts to new Funds and existing Funds, and investment income net of expenses.

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Endowed Held on Behalf of Others

OperatingRestricted


DONATIONS RECEIVEDIn 2016/17 Toronto Foundation had a record year with the total value of donations at $21.7M, an 18% increase over the prior year, and an increase of 75% from the fiscal 2012/13 year. Though the number of donations decreased by 26% over 2015/16 primarily due to fewer donations to the Lifeline Syria Fund, there was a 352% increase over 2012/13.

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.

Toronto Foundation had a record year with donations of $21.7M

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GRANTS AND DISTRIBUTIONS MADEIt was also a record granting year at Toronto Foundation both in terms of the number and the value of grants. In 2016/17 1544 grants were made to 754 charitable organizations, for a total value of $12M. 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 $5.1 M for the maintenance of three TO2015 Pan Am/Parapan Am Games venues (two in Toronto and one in Milton).

$12M in grants made and $5.1M in distributions made in 2016/17

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INVESTMENT RETURNSThe 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 5-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 10.6% for the one year ended March 31, 2017 and an annualized five year return of 10.1%.

The annualized five year return for fiscal 2016/17 is 10.1%

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Main Pool Investment Annualized Five-Year Returns As at March 31, 2017


OPERATIONSThe Foundation staff (20) manages the elements of our model of philanthropy: Donor Relations, Community Knowledge, and City Building. We connect many of our 400 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 on our on-line Community Knowledge Centre.

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 more than $440M. Total operating fund expenses, including investment management fees, for fiscal 2016/17 were $4.9M. Philanthropic services fees and fees levied on invested assets covered almost 85% of these costs.

Operations

Total operating costs are 1.1% of assets under administration

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SUMMARY FINANCIAL INFORMATIONToronto Foundation: Financial Highlights As at March 31, 2017

$000’s 2017 2016 2015

Investments under administration $447,235 $408,041 $411,478

Fund Balances

Endowed Funds 161,949 148,343 151,974

Restricted Funds 40,241 31,264 26,507

Operating Funds 3,840 2,957 2,927

206,030 182,564 181,408

Funds held on behalf of other parties 141,864 135,364 139,725

Funds held for United Way Toronto 99,341 90,113 90,345

Annualized Investment Returns (gross)

One year 10.6% 0.2% 13.9%

Five years 10.1% 8.5% 10.7%

Ten years 6.3% 6.0% 7.1%

Donations received 21,746 18,502 16,647

Grants made 12,049 14,380 10,295

TO2015 Legacy Distributions to Facilities 5,100 5,100 4,869

Total Grants and Distributions 17,149 19,480 15,164

Operating expenses (includes investment management fees)

4,860 4,380 3,534

as a % of Assets under administration 1.1% 1.1% 0.9%

Full audited financial statements available at torontofoundation.ca


Aneil Gokhale, Director, Philanthropy

Tel: 416-921-2035 ext. 212

[email protected]

GIVE US A CALL.

33 Bloor Street East, Suite 1603Toronto, Ontario, M4W [email protected]

Documents

ANNUAL REPORT 2016/2017€¦ · Foundation’s legacy “To have what you’ve never had, do what you’ve never done.” I first read this quote on a refrigerator magnet, of all