The Governing Council of the University of Toronto
Publicly funded institution · Toronto, Ontario · BN 108162330RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2024-04-30. Split of total expenditures ($4,002,323,000) as filed with the CRA.
The Governing Council of the University of Toronto is a charitable organization based in Toronto, Ontario, classified by the CRA under teaching institutions. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending April 30, 2024, it reported $4.9B in revenue and $4B in expenditures.
Its funding that year was roughly 22% from government. In 2024, 320 other registered charities reported granting it a combined $71.4M.
Compared with 733 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 75% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group. Its highest-paid positions fell in the $350,000 and over range (10 positions in that band). The charity reported 12,090 permanent full-time positions.
Its filed list of directors and trustees shows 47 names.
In its own words
Instruction and research in a university.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $4.9B | $4B | $3.8B | $51.7M | — | $10B |
| 2023 | $4.4B | $3.8B | $3.6B | $46M | — | $9B |
| 2022 | $3.8B | $3.4B | $3.2B | $38.9M | — | $8.5B |
| 2021 | $4.6B | $2.9B | $2.8B | $34.2M | — | $8.1B |
| 2020 | $3.5B | $3.6B | $3.4B | $35M | — | $6.4B |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $71.4M from 320 charities:
- La Fondation Rossy The Rossy Foundation$15.1M
- Temerty Foundation$10.7M
- The Peter and Melanie Munk Charitable Foundation$4.5M
- The Rogers Foundation$3.3M
- Larry And Judy Tanenbaum Family Foundation$2.8M
- LRDR Foundation$2.5M
- Clench House Foundation$1.5M
- Burgundy Legacy Foundation$1.4M
- Jewish Foundation of Greater Toronto$1.3M
- The P.E. & E. Hart Trust$1.2M
- Jewish Community Foundation of Montreal$1.1M
- The Sixty Three Foundation$1M
- The Myron and Berna Garron Charitable Foundation$1M
- Brain Canada Foundation$860K
- Canadian Cancer Society$854K
- The Azrieli Foundation$810K
- Charitable Gift Funds Canada Foundation$794K
- Toronto Foundation$690K
- The Bennett Family Foundation$600K
- Vohra Miller Foundation$560K
- Myhal Family Foundation$550K
- Cancer Research Society$547K
- Bill and Vicky Blair Foundation$525K
- Actua$506K
- The P.austin Family Foundation$503K
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $350,000 and over10 positions
- Permanent full-time positions12,090
- Total compensation, all staff$2.4B
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Sheree Drummond (secretary); Vikram Chadalawada (governor); Janet Cloud (governor); Robert Cooper (governor); Ann Curran (governor); Susan Froom (governor); K. Sonu Gaind (governor); Meric Gertler (president); Sandra Hanington (governor); Maureen Harquail (governor); Paul Huyer (governor); Sarosh Jamal (governor); Anna Kennedy (governor); Mark Lautens (governor); Kikelomo Lawal (governor); Ron Levi (governor); Rajiv Mathur (governor); Douglas McDougall (governor); Joanne McNamara (governor); Rose Patten (chancellor); Danielle Skipp (governor); Veronica Wadey (governor); Grace Westcott (governor); Mary-Agnes Wilson (governor); Geeta Yadav (governor); Amanda Bartley (governor); Mathangi Gopinathan (governor); Richard MacKendrick (governor); Eha Naylor (governor); Annabelle Dravid (governor); Sharleen Ahmed (governor); Alexandra Gillespie (governor); Glen Bandiera (governor); Sotirios Damouras (governor); Andrew Petersen (governor); David Zingg (governor); Dveeta Lal (governor); Leah Cowen (governor); Samuel Elfassy (governor); Ramy Elitzur (governor); Seyedreza Fattahi Massoum (governor); David Jacobs (governor); Nelson Lee (governor); Brian Madden (governor); Joseph Junio Nkeng (governor); Firdaus Sadid (governor); Trevor Young (governor).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Governing Council of the University of Toronto’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 108162330RR0001), or read how we compute the receipt.