Jewish Free Loan Toronto
Charitable organization · Willowdale, Ontario · BN 108122417RR0001 · Organizations Relieving Poverty · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($708,882) as filed with the CRA.
Jewish Free Loan Toronto is a charitable organization based in Willowdale, Ontario, classified by the CRA under organizations relieving poverty. In its fiscal year ending December 31, 2024, it reported $1.4M in revenue and $709K in expenditures.
Its funding that year was roughly 39% from donations, 58% from other charities. In 2024, 28 other registered charities reported granting it a combined $1.9M.
Compared with 1,125 poverty-relief charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 10% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group. Its highest-paid position fell in the $120,000–159,999 range. The charity reported 5 permanent full-time positions.
Its filed list of directors and trustees shows 17 names.
In its own words
The charity provides interest free loans for personal educational business opportunity and personal economic development and enhancement. These loans are available to individuals who generally would be unable to borrow from traditional lending institutions and sources.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.4M | $709K | $426K | $68K | — | $7M |
| 2023 | $1.1M | $533K | $283K | $40K | — | $6.3M |
| 2022 | $446K | $370K | $14K | $25K | — | $5.8M |
| 2021 | $964K | $475K | $154K | $24K | — | $5.7M |
| 2020 | $1M | $396K | $344K | $27K | — | $5.2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $1.9M from 28 charities:
- Jewish Foundation of Greater Toronto$1.1M
- United Jewish Appeal of Greater Toronto$276K
- The Joseph Lebovic Charitable Foundation$100K
- The DR. Wolf Lebovic Charitable Foundation$100K
- Aqueduct Foundation$100K
- The Emmet Foundation$50K
- The Azrieli Foundation$50K
- Nathan and Lily Silver Family Foundation$30K
- Zukerman Family Foundation$18K
- The Brown-Nusbaum Family Foundation$8,932
- Conam Charitable Foundation$8,000
- Canadahelps Canadon$5,652
- Charitable Gift Funds Canada Foundation$5,000
- The P.austin Family Foundation$5,000
- Toronto Chesed Foundation$4,000
- Mel & Pamela Himel Family Foundation$2,000
- The Naomi and Gerald Goldenberg and Family Charitable Foundation$2,000
- The Amayn Charitable Foundation$1,800
- Prime Quadrant Foundation$1,050
- Jewish Community Foundation of Montreal$1,000
- La Fondation Goldstein$1,000
- The Sydney and Florence Cooper Charitable Foundation$1,000
- Beth Avraham Yoseph of Toronto Congregation$628
- Beth Tikvah Synagogue$510
- The Estaron Foundation$500
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $120,000–159,9991 position
- $80,000–119,9991 position
- $40,000–79,9993 positions
- Permanent full-time positions5
- Total compensation, all staff$437K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Alan Shiner (vice president); Howard Kumer (director); Ingrid Camhi (director); Leo Vaisman (president); Mariana Catz (director); Michael Atlas (loan co chair); Mitchell Brown; Nolan Grubert (director); Rochelle Reichert (director); Seth Frieberg (treasurer); Tali Baum (director); Eva Frank (director); Jeff Landis (director); Sarah Pillersdorf (director); David Schlanger (director); Leslie Weisz (past president); Daniel Kuhnreich (loan co chair).
As listed on its 2024 return.
Check the source
Every figure on this page is from Jewish Free Loan Toronto’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 108122417RR0001), or read how we compute the receipt.