Toronto Arts Foundation
Charitable organization · Toronto, Ontario · BN 888547064RR0001 · Foundations Advancing Education · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($2,630,792) as filed with the CRA.
Toronto Arts Foundation is a charitable organization based in Toronto, Ontario, classified by the CRA under foundations advancing education. In its fiscal year ending December 31, 2024, it reported $2.6M in revenue and $2.6M in expenditures.
Its funding that year was roughly 55% from donations, 26% from government, 8% from other charities. In 2024, 17 other registered charities reported granting it a combined $237K.
Compared with 632 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 45% of peers. Its highest-paid positions fell in the $80,000–119,999 range (3 positions in that band). The charity reported 14 permanent full-time positions.
It reported gifts to 1 qualified donee totalling $75K in 2024, the largest being $75K to Toronto Cultural Advisory Corporation. Its filed list of directors and trustees shows 13 names.
In its own words
Provides finanical support to artists and arts organizations in toronto. Offers awards ad commissions recognizing artistic excellence. Administers donor-directed funds and special initiatives supporting public engagement artist recognition and sector resilience. Creation of endowment fund the income from which may be used as potential source of income for the toronto arts council.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.6M | $2.6M | $2.1M | $391K | $75K | $1.9M |
| 2023 | $2.5M | $2.5M | $2M | $411K | $75K | $1.9M |
| 2022 | $4.4M | $4.6M | $4.2M | $366K | $75K | $2M |
| 2021 | $2.8M | $2.7M | $2.2M | $340K | $75K | $2.4M |
| 2020 | $3.3M | $3.5M | $2.4M | $313K | $759K | $2.4M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $75K to 1 qualified donee:
Received $237K from 17 charities:
- La Fondation Rossy The Rossy Foundation$50K
- RBC Foundation$45K
- Canadian Online Giving Foundation$40K
- United Way of Greater Toronto$30K
- The United Church of Canada Foundation$17K
- Kingfisher Foundation$10K
- Dream Community Foundation$10K
- Charitable Gift Funds Canada Foundation$8,000
- The Fleck Family Foundation$6,500
- BenefAction Foundation$6,000
- The William and Nona Heaslip Foundation$5,000
- Canadahelps Canadon$4,599
- Ontario Arts Foundation/fondation des Arts de l'Ontario$2,021
- Aqueduct Foundation$2,000
- Fondation Philantra Philantra Foundation$1,000
- Canada Gives$1,000
- PayPal Giving Fund Canada$5
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9993 positions
- $40,000–79,9997 positions
- Permanent full-time positions14
- Total compensation, all staff$1.1M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Stefan Baranski (director); Robert Blazevski (director); Sara Diamond (chair); Michael Herrera (treasurer); Nasir Noormohamed (director); Sage Paul (director); Jesse Ryan (director); Surranna Sandy (director); Orit Sarfaty (director); Brigitte Shim (director); Jonathan Simmons (director); Susan Wortzman (secretary); Mike Yorke (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Toronto Arts Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 888547064RR0001), or read how we compute the receipt.