Toronto Foundation
Public foundation · Toronto, Ontario · BN 136491875RR0001 · Foundations · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($34,399,193) as filed with the CRA.
Toronto Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $69.5M in revenue and $34.4M in expenditures.
Its funding that year was roughly 38% from donations, 6% from other charities. In 2024, 39 other registered charities reported granting it a combined $5.3M.
Compared with 380 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 34% of peers. Its fundraising cost per donated dollar was lower than 91% of that peer group. Its highest-paid position fell in the $350,000 and over range. The charity reported 25 permanent full-time positions.
As a grantmaker, it reported gifts to 1,036 qualified donees totalling $26.6M in 2024, the largest being $2.2M to UHN Foundation. Its filed list of directors and trustees shows 15 names.
In its own words
The purpose of toronto foundation is to create a more fair and justice society where everyone can thrive by mobilizing those with resources and the will to partner with others. The foundation publishes research including the toronto's vital signs report to track the city's health and wellbeing and its growing inequality. Through the vital toronto fund the foundation makes strategic grants to local organizations and issues based on its research findings. As well through donor education events the foundation builds the capacity of donors to have an impact and to connect with organizations a…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $69.5M | $34.4M | $734K | $639K | $26.7M | $843.8M |
| 2023 | $84.2M | $62.5M | $715K | $562K | $55.4M | $757.8M |
| 2022 | $22.8M | $40.2M | $884K | $563K | $33.1M | $244.3M |
| 2021 | $41.4M | $27.7M | $1.1M | $820K | $21.2M | $261.7M |
| 2020 | $64.7M | $41.5M | $740K | $616K | $36.7M | $247.9M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $26.6M to 1,036 qualified donees — largest 25 shown:
- UHN Foundation$2.2M
- ST. Michael's and Providence Foundation$2.1M
- Georgian Bay General Hospital Foundation$1.1M
- The Governing Council of the University of Toronto$690K
- Right To Food$654K
- Dress for Success Canada Foundation$550K
- Nishnawbe Homes Incorporated$422K
- Ontario College of Art & Design University Universite de l'Ecole d'Art et de Design de l'Ontario$401K
- The WoodGreen Foundation$358K
- The Princess Margaret Cancer Foundation$305K
- The Royal Ontario Museum Foundation$301K
- Daily Bread Food Bank$300K
- Sunnybrook Health Sciences Centre Foundation$283K
- United Way of Greater Toronto$275K
- Branksome Hall$245K
- MS Canada SP Canada$224K
- 100 Strong Foundation$220K
- The Black Business and Professional Association$217K
- Algoma Traditional Music and Dance Group$215K
- Kawartha Land Trust$210K
- The Wellspring Foundation for Education$202K
- PSC Partners Seeking a Cure Canada$200K
- National Arts Centre Foundation/fondation Centre National des Arts$200K
- Canadian Institute for Advanced Research$200K
- BenefAction Foundation$195K
Received $5.3M from 39 charities:
- Helen McCrea Peacock Foundation$2.5M
- Abundance Canada$498K
- Canadahelps Canadon$453K
- Canadahelps Canadon$453K
- TJX Canada Foundation$235K
- Community Foundations of Canada$187K
- Burgundy Legacy Foundation$112K
- The Michael Young Family Foundation$100K
- R. Howard Webster Foundation$90K
- The Brown-Nusbaum Family Foundation$90K
- Sarah & Cary Lavine Family Foundation$75K
- Merit Award Bursary Program Incorporated$60K
- Airlie Foundation$50K
- Fondation Écho /echo Foundation$50K
- Charitable Gift Funds Canada Foundation$49K
- CHIMP: Charitable Impact Foundation (Canada)$38K
- Canadian Online Giving Foundation$35K
- Jewish Foundation of Greater Toronto$30K
- Moez & Marissa Kassam Foundation$25K
- The Atkinson Martin Family Foundation$25K
- The MacMillan Family Foundation$25K
- Aqueduct Foundation$22K
- B.O.L.T. Charitable Foundation$12K
- Strategic Charitable Giving Foundation$11K
- PeopleSense Foundation$10K
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $350,000 and over1 position
- $250,000–299,9991 position
- $200,000–249,9992 positions
- $160,000–199,9991 position
- $120,000–159,9995 positions
- Permanent full-time positions25
- Total compensation, all staff$3.6M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Dennis Mitchell (director); Andrew Spence (director); Brenda Lee-Kennedy (director/chair); Salima Rawji (director/vice-chair); Andrew Torres (director); Ava-Dayna Sefa (director); Jarel Cockburn (director); Dan Golberg (director); Neala Barton (director); Eugenia Duodu-Addy (director); Sabine Matheson (director); Amelia Miao (director); Kenneth Richard (director); Dannielle Ullrich (director); Steve Kuwahara (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Toronto Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 136491875RR0001), or read how we compute the receipt.