WISE The Art of GIVING Toronto: The loveable city Telling Toronto's stories of transformation Building a city and a legacy pg 10 pg 06 pg 12 the back pages pg 14 a publication of the Toronto Community Foundation. Leadership is a really big deal pg 02 ANNUAL REPORT 2013 June 2013 - www.tcf.ca HAVE YOU EVER WANTED TO HUG YOUR CITY AND NEVER LET GO � ? These leaders have done just that to launch the Bond with Toronto movement: 7 Days in May Foundation Andrea Miller Fund Bill and Janet Young Foundation Bhalla Fund Brayley Family Fund Calamor Fund Clarke Family Foundation Emmy Duff Scholarship Foundation Griggs Family Foundation G.W. Squibb Family Endowment Fund Halsall Family Foundation Honey Family Foundation Jon and Nancy Love Foundation John and Marie Levitt Foundation Karen and Bill Barnett Fund Lisa’s Legacy: The Lisa Montanera Fund Martin Connell and Linda Haynes Fund Patricia J. Fleming (FBG) Fund Richard and Colleen Peddie Foundation Richard and Donna Ivey Fund Townsend Family Foundation The Susan, Sarah and Nicholas Latremoille Fund Van Biesen-Zimakas Family Fund Vulpe & Pelenyi Charitable Fund Anonymous (1) Thank you to our Bond with Toronto Volunteer Leadership Team: John Barford, Siamak Hariri, Richard Ivey, John MacIntyre, and Natalie Townsend Join us as we show our love for Toronto. Bond with Toronto is an opportunity for us all to help build a smart and caring community. You can Bond with Toronto by establishing a new Donor Advised Fund, contributing to your existing Fund or donating directly to the Vital Toronto Fund. With your help, we’ll reach our $100,000,000 goal. Now that's leadership. bondwithtoronto.ca COMMUNITY KNOWLEDGE We share our in-depth community knowledge to help donors identify Toronto’s greatest needs and the charitable organizations working on the solutions. CITY BUILDING We are a catalyst for change, experienced in mobilizing donors, private enterprise, governments and community partners to collaborate on creative responses to key quality-of-life issues. DONOR SERVICES We provide donors the opportunity to focus on their grantmaking activities as we take care of the “back office” requirements and financial stewardship for their Funds. T he Toronto Community Foundation is for people who love Toronto. We help individuals and families connect their philanthropy to build the kind of city they want for generations to come – a city that is smarter, healthier, more inclusive, caring, and prosperous. More Toronto. We are investing in the best and brightest solutions to transform lives and communities. We also play a community leadership role by connecting our Fundholders, community organizations, government and private enterprise to create innovative solutions to address our city’s most pressing issues. Each year, we publish our Toronto’s Vital Signs Report, a consolidated snapshot which examines the health of our city across several issue areas, such as the gap between rich and poor, health and wellness, and the environment. We believe each issue is critical to quality of life for residents. In response to the findings in the Report: • We convene community leaders to discuss the Report findings and help generate madein-Toronto solutions; • We invest in these solutions through the endowment funds under our administration, our Vital Toronto Fund and special initiatives; • We leverage additional resources through partnerships and develop cross-sector collaborations to sustain impact. Our Mission: Our Vision: To connect philanthropy to community needs and opportunities. To ensure the vitality of Toronto and make it the best place to live, work, learn and grow through the power of giving. For more than 30 years, we’ve been in the business of strategic philanthropy. The hundreds of Torontonians we work with build their charitable legacies by establishing the equivalent of a private family foundation with us; we provide them with a means to pool endowment resources to magnify impact and support the communities in which they live. Leadership has never been more important for Toronto. The phrase “Leadership is a really big deal!” may be colloquial, but it’s not to be taken lightly. At the Toronto Community Foundation, we’re doing our part as a philanthropic leader to build the city we all want. We’ve been at the forefront of innovation in the philanthropic sector with a strategic model we call ‘The Art of Wise Giving’, and through 32 years we’ve achieved much towards making Toronto the best place to live, work, learn and grow through the power of giving. Our grants alone over this time total nearly $100 million, but that’s only a part of it. Our approach begins with a fundamental understanding of the quality of life in our city through our annual Toronto’s Vital Signs Report. This powerful springboard for civic engagement and philanthropic investment was described by Toronto Life magazine as “the most reliable assessment on the state of the city in circulation”. Through our online Community Knowledge Centre (CKC) we connect our Fundholders to stories of more than 230 organizations that are providing solutions to many of the issues highlighted in the Report. This made-in-Toronto ‘YouTube for Philanthropy’ is growing into the beginnings of a national movement, with the Victoria and Calgary Foundations launching their own CKCs this year. The success of our collaborative initiatives continues to reinforce the effectiveness of our model. This year we celebrated the 1000th graduate from the Toronto Sport Leadership Program (TSLP). TSLP is an example of a Toronto Community Foundation initiative that has gone ‘full cycle’ from identifying an issue and convening, to developing the solution, and now ensuring sustainability with other partners such as the YMCA of Greater Toronto and United Way Toronto. Initiatives such as Beyond 3:30 and Recipe for Community are poised for similar success. Our newest initiative, Playing for Keeps, was selected as an IGNITE program by TO2015 for the lead up to the 2015 Pan Am/ Parapan Am Games. Leadership is a really big deal! This year brought a new partnership with Community Foundations of Canada and His Excellency the Right Honourable David Johnston, Governor General of Canada. His Excellency has painted a vision of Canada as a ‘Smart and Caring nation’, with community philanthropy being one of the central pillars. Our response to his call is our new ‘Bond with Toronto’ campaign — an opportunity for all Torontonians to support a growing philanthropic movement and embrace His Excellency’s vision, right in our own backyard. Becoming a Smart and Caring community is also perfectly aligned with ‘The Art of Wise Giving’. The financial stewardship of our assets was strong this year, with investments returning 11.7%. This enabled us to distribute more than $6 million in grants to a record 580 different community organizations in Toronto and across the country. In reading the pages that follow, we invite you to celebrate the many successes that reinforce last year’s Vital Signs message; that in the great scheme of things Toronto is doing all right. But it takes courage to see beyond the surface and peer deeply into who we are and who we will be. It takes great leadership to move beyond “not too bad” and dare to become “great”. Thank you for all your community leadership and your continued support for the Toronto Community Foundation. Rahul K. Bhardwaj, President & CEO 02 John B. MacIntyre, Chair Contributors Shawn Micallef Shawn Micallef is co-owner and editor of Spacing magazine, author of Stroll: Psychogeographic walking tours of Toronto, a Toronto Star columnist, and instructor at the University of Toronto. Elisa Birnbaum A freelance journalist, editor, producer and communications consultant, Elisa’s portfolio includes articles published in the Globe & Mail, National Post, CBC.ca, Profit, Elle and Zoomer Magazine. For over eight years, she covered issues in the nonprofit sector as a reporter for Charity Village and three years ago Elisa co-founded SEE Change Magazine, an online quarterly dedicated to social entrepreneurship and innovation. As president of Elle Communications, Elisa helps clients tell their stories effectively and with impact. Toronto Community Foundation Staff From left to right: Patsy Bissoon, Carol Turner, Marya Syed, Roger Mak, Caroline Seto, Sara Krynitzki, Nadien V. Godkewitsch, Rosalyn J. Morrison, Rahul K. Bhardwaj, Ann Clark, Anne Brayley, Tory Robertson, Simone P.M. Dalton, Sarah Chiddy, Aneil Gokhale, Michael Salem AT THESE GAMES, HORSEPLAY IS CONSIDERED A SERIOUS SPORT. Whether you’re into egg and spoon races, strumming tunes, or animal balloons, Playing For Keeps is sure to be right up your alley. Run by neighbours, for neighbours, we’re looking for organizers, volunteers and participants to get this fun fest off and running in every part of the city. Come out, have a ball, and make a bunch of new friends. www.playingforkeeps.ca Contents: Leadership Team pg 15 Funds pg 16 Strategic Partners pg 20 Grant Recipients pg 22 Legacy Society pg 26 Professional Advisors pg 27 Financial Information pg 28 Photo Credits: Donald Gislason, Allan Kosmajac, Bill Petro, Michael Salem, Erin Seaman, Arts For Children and Youth, Scadding Court Community Centre Illustration By: Michael Salem pg 06 pg 08 pg 10 pg 12 Telling Toronto's Stories Inspiring Leadership Building a Legacy Toronto the Loveable Storytelling — the ability to convey and promote one’s unique narrative—is an essential tool in any organization’s toolkit. Whether helping garner attention or establish credibility, telling one’s story can prove fundamental in a not-forprofit’s search for funding and sustainability. It was 1988 and 31-yearold Bruce Beauchamp had just lost a fierce battle with pancreatic cancer. In lieu of flowers, Bruce’s parents, Walter and Elinor, asked mourners to contribute by way of donations. That was then. This is now. A quarter of a century later, the Fund is one of the Community Foundation’s most active family funds. How can you impact community and involve your family in one step? For many Torontonians who’ve had the ability, temerity and good fortune to amass wealth over their lifetime, there comes a point when they realize accumulation is not enough. Toronto is a loveable city, but it's a subtle kind of love. Passions run quiet here, unless the occasion is a hockey or soccer victory, then all the love a city can handle pours out into the streets. On most days Torontonians are content to enjoy their city with characteristic reserve, hiding the real thrill it can be to live here. Telling Toronto's stories of transformation Elisa Birnbaum Storytelling — the ability to convey and promote one’s unique narrative—is an essential tool in any organization’s toolkit. Whether helping garner attention or establish credibility, telling one’s story can prove fundamental in a not-for-profit’s search for funding and sustainability. The problem is, organizations seldom have the time or resources to expend on storytelling, with that goal often relegated to the lower echelons of their ever-growing to-do list. That’s what makes the Community Knowledge Centre (CKC) such a welcome and impactful initiative. Just ask Julie Frost, Executive and Artistic Director of Arts for Children and Youth (AFCY). Creating meaningful community arts engagement opportunities for children and youth in under-resourced communities and schools, the organization inspires them to be creative, hone new skills, take on leadership roles and forge inspired connections with their community. Frost was actually part of the advisory committee that helped shape the CKC. Involving organizations in the process ensured the initiative was truly responsive to the not-forprofit sector, she says. It was during those discussions that the project’s value became clear. “A mechanism to tell our stories is such an important outlet for charities like ours who are very involved with social value,” she says. After all, Frost adds, “It’s the story that’s important, not just the numbers — especially in the arts.” AFCY currently engages 7,000 children and youth per year in outreach arts programs delivered in over 64 schools and 33 community sites in nine of Toronto’s priority neighbourhoods. “Underpinning our work is mentorship and sustainability,” says Frost. “The youth end up teaching programs in their communities to build capacity.” The organization has been a recipient of multiple Vital Toronto Fund grants, receiving the Vital Ideas, Vital People and Vital Youth awards. And, unquestionably, their recognition is magnified by a profile on the CKC, an online showcase of more than 230 community organizations working on solutions to issues identified in the Toronto’s Vital Signs Report. Since its launch in 2010, the CKC has established itself as a valuable asset of the Toronto Community Foundation (TCF). If you want to learn about the transformational work going on in the city and are looking to participate in that work through philanthropy, the CKC can be your first stop. That certainly was the case for Natalie Townsend. Having recently launched a TCF endowment fund, the Townsend Family Foundation, the CKC has been helping her develop a charitable giving strategy. line their data of community organizations and impressed with the TCF experience, decided to harness the platform’s value for themselves. “If someone’s looking for an organization to donate to, the information is difficult to find,” explains David Hernon, Director of Information Technology. “This makes it simple.” The added stamp of approval from the Victoria Foundation and other supporting organizations like the United Way is a bonus. “It’s a one-stop-shop tool”. “The site allows me to focus on specific Vital Signs issue areas that are important to me and to immediately understand who the best organizations are that are addressing those needs,” Townsend explains. “The information provided makes it easier to understand that organization and to assess whether there’s a fit with my objectives.” The Victoria Foundation's CKC initiative, launched in February 2013 with 40 organizations already profiled, has been met with much support by organizations, media and donors alike. “Everyone was happy to be involved; it was very positive,” says Hernon. The added comfort that comes from backing organizations that have been recipients of the Vital Toronto Fund grants is a bonus. “I know the level of thought and due diligence that goes into making those grants and that they’re directed toward leading organizations that are building Toronto,” says Townsend. “And that makes this decision process so much easier.” And so it was for a couple of AFCY’s donors too. Wanting to support arts organizations that worked with children and youth and promoted diversity, the donors found themselves on the CKC site, impressed with the Vital-award-winning not-for-profit. A monthly donation was the result. “It tells philanthropists you’re in good standing,” says Frost of a profile’s benefits. “There’s a status behind that, that you’ve achieved a certain level of excellence,” she adds, explaining that most organizations listed are recipients or finalists of TCF’s Vital Toronto Fund grant streams. Phyllis Novak agrees. She’s the Artistic Director of SKETCH, a community-arts development initiative that helps young people who are homeless or living on the margins experience the transformative power of the arts. Helping youth develop leadership and self-sufficiency and cultivate social and environmental change, Novak put her organization’s profile on the CKC back in 2011. And like AFCY, SKETCH soon found it had attracted generous donors. For Novak, it was just another sign of an impressive foundation. “The TCF has a solid holistic way of putting property in front of the donor,” she says. “They’re less like a funding body and more like a strategic community partner; you feel like you’re advancing a mission together.” The site’s value goes beyond attracting donors, though. The CKC is a veritable research hub. “If we have a partner with a profile that has been posted by TCF, it adds credibility,” says Novak. “When I meet someone in a networking situation, I can tap into the information I find on the site,” adds Frost. “It helps me navigate the not-for-profit world and decide if there’s an organization I’m willing to partner with.” As for Frost and Novak, both are committed to maintaining their profile, knowing firsthand the benefits of a good story. Having a supportive network doesn’t hurt either. “We have a wonderful relationship with TCF because they’ve created an infrastructure that is really caring and tuned into what we do,” says Frost. “They created a platform where good relationships can build, giving us opportunities to grow and do our work well.” The Community Knowledge Centre is at the core of what we do at the Toronto Community Foundation: connect philanthropy with community needs and opportunities. It is a companion to our Toronto’s Vital Signs Report. While Toronto’s Vital Signs offers a snapshot of the issues facing our city, the Community Knowledge Centre is a snapshot of the community organizations providing solutions. More than 230 community organizations, many working on grassroots, game-changing solutions, are now sharing their stories of impact with donors, media, policy makers, thought leaders, and their peers. Visit www.ckc.tcf.ca to get involved and experience the meta-story of transformation in Toronto. ckc.tcf.ca Considering the Community Knowledge Centre’s varied assets, it’s no surprise other community foundations are interested in the model. Take the Victoria Foundation who, looking to streamThe Art of Wise Giving™ — ckc.tcf.ca 07 By Line The Beauchamp family at a gathering in the 1980s. The Bruce Beauchamp Memorial Fund is the winner of the 2013 Martin Connell Spirit of Philanthropy Award. 08 The Art of Wise Giving™ — www.tcf.ca/individuals-families Inspiring leadership through generations Elisa Birnbaum Twenty-five years ago, one family began a very special relationship with their community and the Toronto Community Foundation, an inspirational relationship that grows stronger with each passing year. It was 1988 and 31-year-old Bruce Beauchamp had just lost a fierce battle with pancreatic cancer. In lieu of flowers, Bruce’s parents, Walter and Elinor, asked mourners to contribute by way of donations. “I don’t know how they were able to do that in their moment of grief,” recalls son Terry Beauchamp. “They were pretty visionary.” That vision, coupled with an outpouring of support and a pioneering community foundation, helped establish the Bruce Beauchamp Memorial Fund. That was then. This is now. A quarter of a century later, the Fund is one of the Community Foundation’s most active family funds. Set up to commemorate and carry on the name of a loving son, while helping others in the process, the Fund has achieved that—and much more. That it plays such an integral role in the Beauchamp family is obvious. “My dad died almost 13 years ago and one lesson he left us with was, ‘do not let anything happen to this Fund,” shares Terry. “It’s part of our family’s legacy; we need to keep it healthy.” And keep it healthy they did. With the principal nearing the half-amillion dollar mark, the Fund has disbursed over $250,000 over the years to a variety of causes, with a primary focus on healthcare. Each year, the Beauchamp family comes together to select a cause that touches their lives in some way. For example, matriarch Elinor — who passed away recently at the age of 90 — chose an organization close to her heart, which trains guide dogs. And, having taken such good care of their mother over the past year, a donation was made to the University Health Network to support the purchase of a significant piece of equipment. Sister Kathy Frizzell’s positive experience with the West Park Healthcare Centre put that one on the list. And, when sister Julie Slater’s late husband suffered from brain cancer, the Fund published a guidebook — two versions in fact, one adult, the other pediatric—to help families deal with the disease. “It was my bible, I read it every day,” Julie says of that time. The annual grant-making decisions are a responsibility no Beauchamp family member takes lightly. “We are hands-on in finding areas of need and doing our due diligence and research,” explains Julie, adding they try their best to meet specific needs, like equipment. To ensure accountability, the family follows-up with the grantees to ensure donations are being used as intended and every donor receives a letter keeping them abreast of how their funds are making a difference. And, what a difference it has been — and continues to be. Of course, the impact of one young man named Bruce is never far from the hearts and minds of everyone who supports the Fund. Take the Beauchamp Memorial Dinner held every year to honour Bruce’s dedication to the fire service and his passionate work as a voluntary fireman. In gratitude, “fire buffs” and firemen from across the globe descend upon Toronto each year — this year it was held on May 4 — to commemorate the man and donate to the cause. “Many come who didn’t know my brother,” says Julie, “but they know all about him.” It seems even more people will soon know about him too. The Beauchamp family is currently thinking of ways to bring in the younger generations, says Kathy. That their own children are starting to get involved in the Fund will no doubt help with that goal, all the while ensuring a multi-generational legacy. And, with an eye to impact, there’s talk of expanding through Canada. “We want to keep the Fund growing and relevant,” explains Terry, adding they are still intent on maintaining focus and not becoming too fragmented. Healthcare remains the Fund’s primary mission but the family is open to other ideas that represent real need. And with a strong partner in the Toronto Community Foundation, the Beauchamps are looking forward to what comes next. “We feel connected with them, we’ve both grown together,” says Terry of the 25-year-andcounting relationship. And, despite the time and effort it takes to keep their Fund going, the siblings are happy to do it. “It’s a nice way to have a legacy,” offers Julie. “And now with both our parents gone, it’s a nice thing for everyone.” Terry agrees. “We’re going to work hard to keep it going, moving it forward.” The Art of Wise Giving™ — www.tcf.ca/individuals-families 09 Building a city and a legacy Elisa Birnbaum How can you impact community and involve your family in one step? For many Torontonians who’ve had the ability, temerity and good fortune to amass wealth over their lifetime, there comes a point when they realize accumulation is not enough. “Some people are so busy creating wealth and balancing family and work, but then all of a sudden are faced with a conundrum of what to do with excess wealth,” explains professional advisor Margaret Franklin. In dealing with that challenge, the President at Marret Private Wealth explains that prospective donors are typically focused on intergenerational legacy, aspirational goals and social legacy—giving back. Once they decide to be more thoughtful about their money, the question then becomes how to give back effectively, keeping in mind one’s personal objectives and the needs of others. It comes down to strategic philanthropy. To be sure, giving back can prove very impactful, but one’s approach can make all the difference. The answer may lie in Donor Advised Funds, a unique vehicle that represents varied advantages for the average philanthropist ready to take the first step. And, it’s not hard to see why. Part of the appeal is the fund’s ability to involve one’s family in the decisions about providing for others. “It’s the equivalent of having your own stand-alone foundation without the hassle of having to run it,” explains Anne Brayley, Vice President of Philanthropic Services at Toronto Community Foundation (TCF). What’s more, she adds, “by their nature, endowments are built to last.” Setting up a Fund with TCF, in particular, continues to be a pragmatic tool for a growing number of donors in the city. TCF is unique in that it brings the invaluable element of community knowledge into the equation. “We have the ability to connect donors to great ideas,” Brayley offers. With over 350 individuals and families who’ve already taken that route — setting up endowments in their names or the names of loved ones — it seems many would agree. “The happiest people at TCF are the ones who also love their city,” she adds. “They can support all their favourite charities and, being at TCF, they know they’re also helping the city.” 10 The Art of Wise Giving™ — www.tcf.ca /individuals-families Of course, starting a foundation is not something you need to push off until later in life. A minimum investment of $25,000 can allow someone to launch a small foundation early on, while maintaining a long-term view of their philanthropy for the next 20 years or longer. “Donor Advised Funds have proven to be an important way for people to create a long-term vehicle because they generate sustainable funding year after year,” offers Brayley, explaining the allure of one of the more popular TCF offerings. “Think of it as an RRSP for philanthropy.” “There’s a real sense of timelessness to it,” Franklin says of TCF’s high level of flexibility, an essential asset that ensures wealth allocation can result in intergenerational philanthropy. That flexibility is just one of the many reasons Franklin takes TCF’s Donor Advised Funds very seriously when sitting down with clients to discuss wealth management. It comes as no surprise that a growing number of other professional advisors are doing the same. “TCF offers options for people who have varied interests and are seeking knowledge about how to connect their interests with the best opportunities,” Brayley says. What’s more, with such a strong knowledge base of Toronto, TCF has proven to be a great resource for the often overwhelming process. And, as opposed to some other Donor Advised Fund providers, TCF is not a profit-maker, adds Franklin. “That makes a big difference in terms of donor incentive and motivation,” she explains. TCF’s proven track record of due diligence and research and their reputation as very effective stewards of capital helps too. “When you get down to efficacy, it’s hard to argue with a not-for-profit,” Franklin says with a smile. For most, the greatest value of a TCF Fund still lies in that thing called impact. As a member of the TCF family, Fundholders can be involved with creating a better life for people in the city they care about, such as by being part of TCF grant selection committees and decision-making. “Fundholders get great exposure and can participate in and support important work,” Brayley says. “They get very energized by that work; the experience opens them up to different horizons they weren’t aware of.” The Vital Toronto Fund Scadding Court Community Centre’s Business in a Box The Vital Toronto Fund is where the Community Foundation's mission of connecting philanthropy to community needs and opportunities comes to life. Here are some examples of this year's recipients. Vital People Vital Ideas Vital Youth Jeff Gruchy Downsview Services for Seniors Scadding Court Community Centre Business In A Box MABELLEarts Sounding Mabelle: Reflections from a Park Jeff Gruchy is always pursuing ways to build a stronger, more sustainable GTA. He currently leads the Healthier Living Centre at Downsview Services for Seniors, providing consistent delivery of equitable and accessible programs to over 600 seniors. With the creation of numerous innovative partnerships, Jeff has established himself as a leader in senior wellness care and a mobilizer of diverse stakeholder groups. Scadding Court Community Centre’s “Business in a Box” (BiB) program repurposes shipping containers to become affordable, flexible vending spaces. This creates opportunities for employment and entrepreneurship for newcomers, youth and lowincome residents of Toronto — those hurt most from high unemployment rates. Market707, BiB’s flagship initiative, created 12 affordable spaces for entrepreneurs and hosted 25 community events with 1,000 participants, and will be expanding this year to host another 20 spaces. A Park of Many Paths is an ongoing park transformation project run by MABELLEarts. It brings artists, architects, gardeners, cooks and builders together with Mabelle residents of all ages to re-imagine, transform and animate the Mabelle Park. Sounding Mabelle is a new component of the long-term project, that engages five Mabelle youth leaders and up to 10 youth participants in the artsbased evaluation of this multi-year endeavour. The Art of Wise Giving™ — www.tcf.ca/vital-toronto-fund 11 Shawn Micallef T oronto is a loveable city, but it's a subtle kind of love. Passions run quiet here, unless the occasion is a hockey or soccer victory, then all the love a city can handle pours out into the streets. On most days Torontonians are content to enjoy their city with characteristic reserve, hiding the real thrill it can be to live here. That passion, though often unspoken, is what has kept this vital city together. When you ask people what they love about Toronto, those loveable elements do come out; those places and events our emotions can latch onto. Like that first spring weekend day in the city, when people have removed their parkas and peacoats, taking to the streets and wandering the sidewalks in a daze of sunshine. Further into the summer, city parks with great names like TrinityBellwoods, Morningside, Sunnybrook, and Sunnyside will fill with people sitting on blankets, picnicking, often with entire extended families around hibachi barbeques until the sun sets. Summer is fine but then there's the first snow, when the city goes soft and white and every available hill becomes a winter carnival. We thrill in the change of seasons. Other days in-between there are walks from any one of the GTA's hundreds of identifiable neighbourhoods to a nearby ravine where, it turns out, the deer and the coyotes sometimes even play. Nature snakes its way into and around this city like few others in the world. Escape is never far away, but then, neither are crowded sidewalks and busy commercial blocks, all the things that say people think life here is worth living. The things about Toronto that are so compelling, that keep people living here and attracts people continually from around the world, are the infinite possibilities this place presents. When landing at either the Island Airport or Pearson, the city looks like a massive electronic circuit board, blinking away with hundreds of thousands of unique compartments and moving parts. From the air there appears to be a place for everybody to do whatever it is they want to do. Borders don't matter when it's seen from the air; 905 and 416 are one big metropolis humming together. A good city has layers of meaning and opportunity. It's a cauldron of ideas and people that mix together to continually form new ideas, new hybrids, and new kinds of culture and business. This place is not a museum piece; it's always changing, always becoming something. That's the excitement. That's what's loveable; the 12 The Art of Wise Giving™ — www.tcf.ca city offers something for everybody. Places that are just pretty or sunny all the time are fine but to be truly loveable there needs to be some fission: that little bit of extra. The fission here can be found in unexpected places, like the stripmalls of Scarborough, North York, Etobicoke, and beyond. This is where the Jane Jacobs style of urbanism is really flourishing right now, where people can start businesses of all sorts with low overhead. It's resulted in some of the most wildly diverse commercial areas around. Old-style main streets with mom and pop stores, but with maximum multiculturalism layered on top. People who complain this city is boring have never seen this city. What happens out here in the strip malls isn't so far removed from Toronto's tech and medical sectors where incubators do the same thing for startup companies that get worldwide recognition. Things happen in Toronto. It's alive. It's loveable. But it isn't perfect. Toronto and the GTA have largely avoided many of the pitfalls that have plagued other North American cities, like hollowed-out cores and vast ghettos. Instead it's been able to spread the wealth around the city more. This didn’t happen by accident. Decades of citizens committed to making this place work and making it better have helped keep us moving in the right direction, but more help is needed. There are still people throughout the GTA who don't get to experience why Toronto is loveable. They're left out of the fun because the prosperity that makes this place electric has some significant pockets of brownouts. That's why the Toronto Community Foundation's Vital Signs civic pulse taking is so critical: it comes down from the air right to street level. It helps us see where these problems are. Perhaps more importantly it forecasts where new problems are developing, like the growing gap between the rich and poor, youth unemployment, traffic gridlock, and affordable housing. Vital Signs is part of loveable Toronto because it's an incredibly honest reflection of the state of the city now, telling us what needs to be done to keep Toronto a place where everybody can find happiness. Taking our Vital Signs. The Toronto’s Vital Signs Report is a powerful springboard for civic engagement and philanthropic investment. Released annually, the Report is a consolidated snapshot of the trends and issues affecting the quality of life in our city. Did you know: The Toronto’s Vital Signs Report reaches well over 1 million people across Toronto and the GTA annually. • The Report includes over 400 indicators covering 10 key issue areas. • Since 2001, our made-in-Toronto innovation has been adopted by 30 Community Foundations around the world. • More than 10,000 students in all of the GTA universities and colleges use the Report in their course curriculum. Visit www.tcf.ca/torontos-vital-signs to read the latest edition of the Toronto’s Vital Signs Report. The Art of Wise Giving™ — www.tcf.ca/torontos-vital-signs 13 the back pages In the pages that follow, we report on our financial performance for the fiscal year, April 1, 2012 – March 31, 2013. We also celebrate those who partnered with us to make a difference in our city. Our Fundholder base remains strong and unique – a true reflection of the diverse city we operate in. We continue to invest in people and organizations providing city-building solutions. Eight high-impact community leaders received one of our Vital People grants of up to $5,000; 14 community organizations were each awarded up to $30,000 for their Vital Ideas; and 15 programs increasing access to recreation and leadership opportunities for youth were supported with Vital Youth grants of up to $15,000. In addition to granting to their chosen charities, some of our Fundholders expanded the Vital Toronto Fund grants with additional donations from their Funds that enabled us to invest in more not-for-profit leaders, build the capacity of more organizations and support more youth-focused recreational programs. We specially thank the Michelle Tanenbaum Fund, Adrian and Reta Hudson Fund, Peter and Elizabeth Morgan Fund, Caley Taylor Family Fund, Calamor Fund, Halsall Family Fund, Honey Family Foundation, Ada W. Slaight Fund, KPMG, and all the Fundholders who gave anonymously to make these grants possible. In total, more than 550 of the city’s best and brightest organizations received grants through us and from our Fundholders totalling over $6.2 million. pg 15 16 pg pg 22 pg 28 Board of Directors Funds at the Foundation Community Organizations Financial Information The Toronto Community Foundation Board of Directors is made up of a cross-section of leaders, each bringing their specific skills and insights to the table as the Community Foundation charts its path forward. The Funds at the Toronto Community Foundation are an integral part of how we respond to the community needs in Toronto. Our family of Funds forms the basis of a strong philanthropic movement in Toronto. The hundreds of community organizations we grant to annually are the ones on the ground providing solutions to the issues highlighted in the Toronto’s Vital Signs Report. A summary of the Toronto Community Foundation’s financial information. 2012/2013 Committees Community Initiatives Randy McLean (Chair) Siamak Hariri Jennifer Koss Nancy Love Bill MacKinnon John B. MacIntyre Lola Rasminsky Ceta Ramkhalawansingh Natalie Townsend Greg Wilkinson Rahul K. Bhardwaj (Ex-officio) Rosalyn Morrison (Staff) Anne Brayley (Staff) Nadien Godkewitsch (Staff) Caroline Seto (Staff) Sara Krynitzki (Staff) Roger Mak (Staff) Back row: Andre Perey, Rahul K. Bhardwaj, Edward J. Waitzer, Ian L.T. Clarke, Bill MacKinnon, Robert Bertram, John Barford, Rick Goldsmith, Front row: John B. MacIntyre, Richard Ivey, Sandy Houston, Nancy Love, Ceta Ramkhalawansingh, Natalie Townsend 2012/2013 Board of Directors John B. MacIntyre Chair, Toronto Community Foundation Partner, Birch Hill Equity Partners Mohammad Al Zaibak* President & CEO, CDM Information Inc. John Barford President, Valleydene Corporation Robert Bertram Corporate Director Ian L. T. Clarke Executive Vice-President and Chief Financial Officer, Business Development Maple Leaf Sports & Entertainment Ltd. Rick Goldsmith Partner, National Risk Management, Advisory Services, KPMG LLP Siamak Hariri* Partner, Hariri Pontarini Architects Sandy Houston President & CEO Metcalf Foundation Richard Ivey Chairman, Ivest Properties Limited Jennifer Koss* Co-Founder, BRIKA Alison Loat* Executive Director, Samara Nancy Love Community Volunteer Bill MacKinnon Corporate Director, Canadian Institute of Chartered Accountants Randy McLean* Acting Director, Strategic Growth and Sector Development, Economic Development and Culture, City of Toronto André Perey (Corporate Secretary) Partner, Blake, Cassels & Graydon, LLP Lola Rasminsky* Founding Director, Avenue Road Arts School Ceta Ramkhalawansingh Community Volunteer Natalie Townsend Managing Partner, NorthRock Capital Edward J. Waitzer Senior Partner, Stikeman Elliott LLP Greg Wilkinson* Principal, Earnscliffe Strategy Group Martin Connell* Chair Emeritus Rahul K. Bhardwaj President & CEO (Ex-officio) * Unavailable for photo Finance & Audit John Barford (Chair) Ian L. T. Clarke Elizabeth Gitajn Dan Golberg Rick Goldsmith Bill MacKinnon Randy McLean André Perey Robert Bertram (Ex-officio) Rahul K. Bhardwaj (Ex-officio) John B. MacIntyre (Ex-officio) Carol Turner (Staff) Governance Edward J. Waitzer (Chair) John Barford Richard Ivey Alison Loat Nancy Love John B. MacIntyre Randy McLean André Perey Rahul K. Bhardwaj (Ex-officio) Investment Robert Bertram (Chair) Mohammad Al Zaibak David F. Denison Michael Herrera Richard Ivey Jennifer Koss Susan Latremoille Robert MacLellan George Vesely John Barford (Ex-officio) Rahul K. Bhardwaj (Ex-officio) John B. MacIntyre (Ex-officio) Carol Turner (Staff) The Art of Wise Giving™ — www.tcf.ca/board-directors 15 Connecting Philanthropists A Fund at the Toronto Community Foundation gives Fundholders all the flexibility, involvement and recognition of a private charitable foundation without the “back office” and financial stewardship responsibilities. Individuals and families can choose to establish a Donor Advised Fund, a named Vital Toronto Fund, Field of Interest Fund or Designated Fund. Each option is an endowment that can be created through gifts of marketable securities, cash, life insurance policies, RRSP/RRIF designations and bequests. Our total assets include the Agency Funds established by other charities. For many charitable organizations, an endowment fund is a way of building capacity and ensuring longevity for their organization. The Toronto Community Foundation has the mission, charitable tax structure and specialized staff to support registered charities in building and sustaining endowments. Total assets also include Consolidated Funds. All of the Funds under our administration benefit from professional investment management, donor administration and grantmaking expertise. Responsibility for managing the Toronto Community Foundation’s investment portfolio is vested in the Board of Directors with the guidance of the Investment Committee. Bond with Toronto contributor 16 New Funds 7 Days in May Foundation Alex Padulo Memorial Foundation Bill and Janet Young Fund Clayton Gyotoku Fund Emmy Duff Scholarship Foundation F.E.M. Fund Hallward Fund Halsall Family Foundation John and Marie Levitt Foundation Karen and Bill Barnett Fund Lisa’s Legacy: The Lisa Montanera Fund Lorne and Orma West Fund Patricia J. Fleming (FBG) Fund Richard and Colleen Peddie Foundation Richard and Donna Ivey Fund The W. Garfield Weston Foundation Fund Toronto Zoo •Frances Lindenfield Fund Anonymous Fund (1) Funds 7 Days in May Foundation A. J. & Margaret Little Charitable Fund Ada W. Slaight Fund Adelle and Paul Deacon Nanton Fund Adrian and Reta Hudson Fund Albert C. Strickler, M.D. Scholarship Fund Alex and Carolyn Drummond Foundation Alex Padulo Memorial Foundation Altair Fund Andrea Miller Fund Angela Longo Leadership Fund Anne Y. Lindsey Fund Anthony & Elizabeth Comper Fund Art Eggleton Fund Ashbridge Fund AstraZeneca Canada Inc. Endowed Research Fund Augustine Family Fund B & B Hamilton Fund Barry and Jane Hayes Memorial Fund Bay Street Invitational Fund Begonia Fund Ben Globerman Memorial “Running to Daylight” Foundation Betty and Chris Wansbrough Family Foundation Bhalla Fund Birch Island Foundation Bonnie Cox Fund Brayley Family Fund Brent & Lynn Belzberg Fund Bronwen’s Rainbow Fund Brown-Nusbaum Family Fund Bruce Beauchamp Memorial Fund Bruce Blackadar Last Call Fund Building Futures - Matching Fund Calamor Fund Canada Company Scholarship Fund Canada Post Literacy Fund Carruthers Family Fund Catherine Logan Fund Cavelti Family Foundation CFNY Youth Fund Charles and Joyce Ramsay Fund Charles Schwab Corporation Foundation Advised Fund Cheesbrough Family Fund Clayton Gyotoku Fund Claire and Marty McConnell Family Fund Clarke Family Foundation Coady Nyman Family Fund Collombin Family Fund Colonel F. H. Deacon - Memorial Fund Coloured Development Fund Community Foundation Environmental Fund Constance and David Roseman Fund Coral and Bill Martin Family Foundation Dan & Mary Cornacchia Charitable Fund David Kenny Fund David R. McCamus Endowment Fund Denham Family Fund Diane and Don McQuaig Foundation Distinguished Mature Artist’s Fund DOMAC Fund Don and Shirley Martin Fund Don Haig Foundation Donna Cappon Memorial Breast Cancer Fund Dorice P. Johnston Memorial Fund Dorothy and Oscar Rogers Foundation Douglas and Ruth Grant Fund Douglas Maurice Simmonds Charitable Fund Downsview Community Renaissance Fund Dr. I.L. Babb Fund Dr. John Carey Fund Dr. John Jameson Memorial Fund Dr. William A. Weir & Dorothy Elliott Weir Memorial Fund Du Sablon-Lank Family Foundation Duane Livingstone Family Fund Duboc Family Foundation Duncan and Lesley Hawthorne Fund E.E.T. Briggs Family Fund Edna & Paul Munger Fund Edward A. Tory Fund Edward I. Unger Fund Eleanor & Francis Shen Family Fund Eleanor McDougall Fund Elizabeth Ann Heacock (Nee Prince) Memorial Fund Elspeth Heyworth Bursary Fund Elvino and Linda Sauro Fund Emmett & Leo Fund Emmy Duff Scholarship Foundation Ernest and Hilda Hubbard Foundation Evelyn and Cecil Hoffman Charitable Foundation F.E.M. Fund Findlay Family Foundation Fitness Institute Foundation Fund in memory of Lloyd Percival Flora Morrison Choral Fund Flora Morrison Research Fund Fran Endicott Equity Fund Frances MacDonald Fund Francine & Robert Barrett Fund Frank and Sheelagh Creaghan Fund G. W. Squibb Family Endowment Fund Gartley Family Foundation Geoffrey B. Scott Memorial Fund George and Mary Turnbull Family Foundation Gerald Conway Fund Gerald Sheff Fund Gerry and Anita Smith Family Foundation Gerry Meinzer Fund Glen Colborne Fund Glenn Tompkins Memorial Fund Gordon Mollenhauer Family Foundation Goring Family Foundation Greg Bond Musical Theatre Fund Griggs Family Foundation H. Matheson Family Foundation Hallward Fund Halsall Family Foundation Harold “Pat” Dooley Educational Fund Heal Family Trust Helen D. Phelan Fund Honey Family Foundation Howard and Diane Taylor Family Fund Imagine Fund Isobel B. Jaffrey Heritage Fund Iva and Garfield Payne Fund J. Douglas Crashley Fund Jack and Anne Mollenhauer Family Foundation Jack and Rita Catherall Scholarship Fund Jack Thomas Fund James and Alfreda Parlee Fund James Lindala Family Foundation James Rutley Grand Memorial Fund Jane & Donald Wright Fund Janet & Herb Tanzer Charitable Fund Janet and Douglas Davis Fund Jean V. and Rodney C. Payne Memorial Fund Jeffrey B. Rubinoff Fund Jennifer Headley Fund for a Living Planet Jennison Fund Jim and Doreen Doherty Fund Jitendra & Anita Mistry Foundation Joan and Roy Frankel Charity Fund Joan McCalla Fund John & Dorothy McSherry Fund John & Marian Taylor Family Fund John A. and Margaret K. Lowden Memorial 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 K.I.D.S. Fund Karen and Bill Barnett Fund Keith, Tanja and Kiera Thomson Fund Ken & Ann Watts Foundation Kevin Burke Foundation Kideckel Robbins Family Foundation Kiessling/Isaak Family Foundation Koehler Family Fund Kuttis Family Fund Lady Ophelia Fund Lakhani Family Charitable Foundation Langford Family Foundation Lee and Patrick Howe Family Foundation Lind Family Fund Linda and Steve Lowden Fund Lisa’s Legacy: The Lisa Montanera Fund Lola Somers Foundation for Animals Lola Steiner Fund Lorne and Orma West Fund Love Family Fund Lucile Pratt Music Award Lycklama Family Fund MacFeeters Family Fund Main Family Fund Manny Cabral Memorial Fund Margaret and Gordon Fleming Fund Margaret’s Joy Fund Mario Reale Fund Marjorie J. Sharpe Fund Marsh Memorial Fund Marsha & Aubrey Baillie Fund Martin Connell and Linda Haynes Fund Martin Davies Memorial Fund Mary Ecclestone Nutrition Scholarship Fund McKerroll Family Fund McLaughlin/Costigan Fund McSherry Family Fund Melman Childhood Cancer Fund Michael & Christine Selim Foundation Michael and Honor de Pencier Fund Michael and Jackie Shulman Family Fund Michael B. Decter Foundation Michael La Patriello Fund Michelle Risi Dance Angel Scholarship Fund Michelle Tanenbaum Fund Miller-Cammidge Fund Moir Family Foundation Morgan Goldberg Memorial Fund Moynes Family Fund Mrs. Joan H. Miller Scholarship Fund Murray & Susan Armitage Foundation N. James Swan Memorial Scholarship Fund Nachiket Children’s Literacy Foundation NAE Fund National Club Fund Neighbourhood Innovations Fund Neil and Shirley Macdougall Fund New York Fries Kids Fund NigE Gough Shine On Foundation Norah Faye Foundation Norman Allan Middleton Fund O’Neil Leger Family Foundation Orly Watkin Fund Ouellette Family Foundation Pacifica Fund Pamensky Family Fund Panda Family Fund Paolo Ardizzi Fund Paramount Pallet, Inc. Skids for Kids Patricia J. Fleming (FBG) Fund Paul and Evelyn Higgins Fund Paul Higgins Jr. Fund Paul Martineau/Yamaha Canada Music Charitable Fund Pauline and Dipak Mazumdar Fund Payne Family Fund Peggy C. Linton Fund Nachiket Children’s Literacy Foundation - Donor Story remembered. “They chose to have donations go to the charity their adored Aji (grandmother) started.” For their eighth birthdays, Jack and Anna Farley had a pool party with their classmates, family and friends. But instead of presents, the fraternal twins asked that their guests make donations to their family’s foundation. “We left it totally up to them if they would like to have friends bring gifts or make donations,” their mother, Manjusha Pawagi, a Family Court Judge fondly The Pawagi family established the Nachiket Children’s Literacy Foundation at the Toronto Community Foundation in 2009 to directly benefit Nachiket - a network of free children’s libraries in rural India whose purpose is to provide access to books for children who don’t have books at home and whose schools are very poorly equipped. Jack and Anna Farley were given Toronto Public Library cards at seven months old and have had a love affair with reading and books since. When asked why they love books, Jack said, “We love to learn and I think everybody should be able to have books.” “I feel I’m in the book and I’m having all these adventures,” Anna added. “I wanted donations to go to Nachiket because we love books so much and other kids love books, but they don’t get the chance to have as many books as we do.” The word “Nachiket” stands for the willingness to endure any hardships to acquire knowledge. The goal of Nachiket Children’s Libraries is to kindle a love of reading and awaken the Nachiket hidden in every child. Contributions to the Nachiket Children's Literacy Foundation will allow less fortunate children now and from future generations to have access to books in the hopes of increasing literacy and helping disadvantaged children reach their full potential. 17 Peter and Elizabeth Morgan Fund Peter and Pauline Dawson Foundation Peter Barnard Fund Peter Creaghan Fund Phillip & Maureen Tingley Fund PQR Fund Prichard-Wilson Family Foundation Ravindranjali Trivedi Charitable Foundation Raymond and Irene Collins Foundation Red Barn Theatre Endowment Fund Rev. Frank P. Corless Fund Richard and Colleen Peddie Foundation Richard and Donna Ivey Fund Richard Wernham and Julia West Family Fund Rob Ford Football Foundation Fund Robert A. Donaldson Family Fund Robert McKinney Fund Robert Tetley Fund Ronald N. Leggett Memorial Fund Rose Family Fund Rosedale Park Playground Renewal Fund Roy Bennett Memorial Fund Roy Russell Memorial Fund Russell & Sharon Schmidt Fund S. Chum Torno Fund S. Marguerite Walker Memorial Fund 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 Hall Van Gijn Scholarship Fund Sheila Kirpalani Foundation Shelagh and David Wilson Fund Sherry and Edward Drew Family Fund Shum Vourkoutiotis Fund Simon Family Fund So Family Foundation Spem In Alium Fund Stacey Family “Aurora” Fund Stacey Levitt Athletic and Educational Fund Starcan Fund Stephen Eby Memorial Fund Steven & Alberta Williams Memorial Fund Steven K. Hudson Foundation Stewart R. Code Memorial Scholarship Fund Stratton Fund Stuart and Patricia MacKay Family Fund Swim Toronto Fund Tawny Richard Fund Taylor Irwin Family Fund Teow Family Foundation The Susan, Sarah and Nicholas Latremoille Fund The W. Garfield Weston Foundation Fund The Queen’s Own Rifles of Canada Princess Alexandra Bursary Fund Timothy Fund TJLS IJIKAI Fund Tom Thomas Music Scholarship Fund Tony and Anne Arrell Fund Tony and Caley Taylor Family Fund Toronto Community Foundation Zoo Trust Fund •Canavan Family Endowment Fund • Coca-Cola Wildlife Research Fellowship • Conservation & Research Endowment Fund • Frances Lindenfield Fund • Gus Harris Zoo Share Fund • Mary C. Allen Endowment Fund • Ralph Kirk Endowment Fund • Reproductive Physiology Fund • Veterinary Residency Fund • Volunteer Fund “The Toronto Community Foundation gives us the opportunity to connect with a like-minded community of people dedicated to building a better future.” Ping and Kha Sin Teow, Teow Family Foundation • Window to the Wild Capital Projects Fund Toronto CREW Foundation Toronto Friends of the Visual Arts Fund Toronto Life Fund Toronto Sport Leadership Program Toronto Zoo - Development Funds Torunn and David Banks Fund Townsend Family Foundation Unwin Family Fund Van Biesen-Zimakas Family Fund Vandewater Charitable Foundation Vas Family Fund (Canada) Viva Vitalita Gala Fund Vulpe & Pelenyi Charitable Fund W. W. (Peter) Southam Fund Waddington Family Fund Waisberg/Bellwood Charitable Fund Waitzer Family Fund Wally Stefoff Art Scholarship Fund Wendy Buda “Help Needy Kids” Foundation Wilkinson Family Fund William Ida Leon Dolrine Steinberg Fund William M. Vaisey Arts Foundation Windswept Farms Fund Women’s Fund Yano-Shuttleworth Fund Anonymous (9) Agency & Consolidated Funds Abbeyfield Houses Society of Canada Endowment Fund AIDS Committee of Toronto Endowment Fund Amici Camping Charity Arden Preston Caregiver Respite Fund BBPA Harry Jerome Scholarship Fund Boys and Girls Clubs of Canada Foundation Campbellford/Seymour Community Foundation Campbellford/Seymour Municipal Foundation Canadian Lyford Cay Foundation Canadian Society of Painters in Water Colour •Doris McCarthy Award Fund •Ethel Raicus Award Catholic Children’s Aid Society Common Ground Co-Operative Endowment Fund •Veronica Peake Memorial Fund Community Foundation of Durham Region Fund Community Foundation of Mississauga 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 Haynes-Connell Foundation Helen McCrea Peacock Foundation Huronia Community Foundation Imagine Canada - Margery Warren Bequest John Hodgson Library Fund Joseph W. Atkinson Scholarship Fund Junior League of Toronto Fund MCC Toronto Endowment Fund Muskoka Community Foundation Napanee District Community Foundation Fund National Theatre School of Canada Fund National Theatre School (NTS) Theatre and Community Engagement Fund Niagara Community Foundation Ontario Society for the Prevention of Cruelty to Animals Roots of Empathy Endowment Fund Sheela Basrur Centre Fund Toronto Symphony Volunteer Committee Endowment Fund Unison Health & Community Services United Way of St. Catharine’s and District United Way Toronto Women’s Habitat Endowment Fund The Vital Toronto Fund The Vital Toronto Fund is where the mission of the Toronto Community Foundation – connecting philanthropy to community needs and opportunities – is brought to life. Named Vital Toronto Funds ACE Bakery Ltd. Toronto Fund Ada W. Slaight Fund Anne Swarbrick Toronto Fund Bill and Janet Young Fund Birchall Family Foundation BMO Financial Group Toronto Fund Brent & Lynn Belzberg Fund Calamor Fund Carol Oliver Fund Dominion of Canada General Insurance Duboc Family Foundation Evans Family Fund Halsall Family Foundation John Honderich Fund Keith, Tanja and Kiera Thomson Fund Martin Connell Fund Mary Rowell Jackman Fund Pita Break Fund Richard and Donna Ivey Fund Sue Corlett Fund Susan Crocker and John Hunkin Fund Taylor Family Fund The Hon. Hilary M. Weston Fund Townsend Family Foundation Tony and Anne Arrell Fund Waters Family Fund Anonymous (2) Vital Toronto Fund Donors Sarah Asgari Tara George & Chris Atkinson Catherine Thomas & Fraser Baillie Deborah Barrett Rachel Blumenfeld Brian S. Brown Beverley Burke Dan H. Cornacchia Frances Deacon Ousama El Kebbi Four Seasons Hotels Limited GiftFunds Canada Elizabeth Gitajn Nicole Cheung-Seekit & Aneil Gokhale Deborah A. Grant Jean Connell Hoff & Frank Hoff Colin Lacey John B. MacIntyre Ruth Mandel Ann Rosenfield R. Jackie Rumyee Marjorie J. Sharpe Nan Shuttleworth Telus Corporation Anonymous (1) Community Builders* Anthony & Anne Arrell John & Jocelyn Barford Brent & Lynn Belzberg Suresh P. & Nutan Bhalla William & Catharina Birchall Grant & Alice Burton Martin Connell & Linda Haynes Sue Corlett § Susan Crocker & John Hunkin Michael C. & Honor de Pencier Samuel & Claire Duboc Dr. John & Gay Evans Douglas & Ruth Grant Peter & Barbara Halsall John Honderich Richard W. & Donna Ivey Greg Kiessling & Pam Isaak Jon & Nancy Love John B. & Janet MacIntyre Wilmot & Judy Matthews Senator Michael & Kelly Meighen J. Robert S. Prichard & Ann E. Wilson Barbara Shum & Manos Vourkoutiotis Nan Shuttleworth & Bill Switzer Ada W. Slaight Natalie & Geoff Townsend G. Wayne & Maureen Squibb The Taylor Family Keith & Tanja Thomson Edward Waitzer & Smadar Peretz Dr. William R. & Phyllis Waters The Hon. Hilary M. Weston Anonymous (2) Bond with Toronto contributor § Fondly remembered It is a community endowment supported by our Fundholders, city builders, individual donors, and the public and corporate sectors. The Fund supports our Toronto’s Vital Signs Report, our strategic grant programs (Vital Ideas, Vital Youth, and Vital People), our collaborative initiatives, and our Community Knowledge Centre. The individuals, families and corporate partners listed here all contribute to the cumulative progress toward building a city that is smarter, healthier, more inclusive, more caring and more prosperous. *Community Builders are civicminded Torontonians who have contributed $100,000 or more to the Vital Toronto Fund, our strategic community endowment. 19 Strategic Partners The Toronto Community Foundation is pleased to have worked with many partners this year in a collaborative effort to connect philanthropy to community needs to improve the quality of life in Toronto. We acknowledge and thank all of our strategic partners as our work would not be possible without their support. 20 Strategic Initiatives Partners make our strategic initiatives possible. They provide their people, their space, and their enthusiasm to help us make all these initiatives possible. Without them we wouldn’t be able to do the projects listed below. Playing for Keeps Playing for Keeps is a social innovation that builds on our collaborative model for community development. It harnesses the power of play – a simple concept that can bring communities together in a meaningful way. Recipe for Community Recipe for Community features resident-inspired projects that strengthen community belonging and pride, and build community skills and capacity. TSLP The Toronto Sport Leadership Program is giving young people in diverse and vulnerable neighbourhoods with the opportunity to gain skills and certification as sporting coaches and instructors. Beyond 3:30 Beyond 3:30 provides a safe, stimulating place for middle school students to gather between the hours of 3:30 and 7:30 p.m. on school nights, to participate in a range of active learning opportunities. The Art of Wise Giving™ — www.tcf.ca/vital-initiatives 21 Community Investment Every year, millions of dollars in grants from our Fundholders and our Vital Toronto Fund fuel the work of hundreds of organizations. Grants from Funds at the Toronto Community Foundation may be directed to any Canada Revenue Agency registered charity operating locally, nationally or internationally. Last year, more than 550 organizations were supported by our Vital Toronto Fund and grants from our Donor Advised Funds. 22 4th Line Theatre Company of Peterborough 519 Church Street Community Centre Abilities Centre Durham About Face Access Alliance - Multicultural Community Health and Community Services Adult Disabled Downhill Skiing Afri-Can Food Basket Aga Khan Foundation Canada Agricola Finnish Lutheran Congregation AIDS Committee of Toronto Alberta Cancer Foundation Alberta Theatre Projects Society Algoma University - Student Awards and Scholarship All Saints Church-Community Centre Alpine Canada Alzheimer Society of Canada Alzheimer Society of Ontario Alzheimer Society of Toronto Amnesty International Canadian Section Armour Heights Presbyterian Church Art Gallery at Harbourfront Art Gallery of Ontario Art Starts Arthritis Research Foundation Arthritis Society Arts for Children & Youth (AFCY) Arts Scholarship Fund Ashoka Canada Aspen Valley Wildlife Sanctuary Atelier Theatre Society Ballet Jorgen Canada Baycrest Centre for Geriatric Care Baycrest Centre Foundation Baycrest Hospital Beit Halochem Canada/Aid to Disabled Veterans of Israel (Canada) Belmont House Foundation Benjamin Foundation Beth David B'nai Israel Beth Am Big Brothers & Big Sisters of Toronto Big Brothers Big Sisters of Ontario Big Brothers of Greater Vancouver Birchmount Bluffs Neighbourhood Centre Bishop Strachan School B'nai Brith Canada Senior Citizen's Residential Program Boundless Adventures Association Branksome Hall Bridgepoint Health Foundation Bridletowne Park Church Brigantine Inc. British Columbia Aviation Museum British Columbia's Children's Hospital Foundation Broad Reach Foundation for Youth Leaders Bruce Trail Conservancy Buddies in Bad Times Theatre Burlington Civic Chorale C.D. Howe Institute CAG: Contemporary Art Gallery Society of British Columbia Camp Cucumber Camp Oochigeas Canada Company: Many Ways to Serve Canada-Israel Children's Centres Canada-Israel Cultural Foundation Canada's National Ballet School Canada's National History Society Canadian Associates of the Ben Gurion University Canadian Association for Participatory Development Canadian Breast Cancer Foundation - Ontario Chapter Canadian Cancer Society Canadian Cancer Society - British Columbia and Yukon Division Canadian Cancer Society - Ontario Division Canadian Canoe Museum Canadian Catholic Organization for Development and Peace Canadian Civil Liberties Education Trust Canadian Council of Provincial and Territorial Sport Foundations Canadian Cystic Fibrosis Foundation Canadian Diabetes Association Canadian Educational Standards Institute Canadian Feed the Children Canadian Fellowship Foundation Canadian Foundation for Facial Plastic and Reconstructive Surgery Canadian Foundation for the Prevention of Family Violence Canadian Friends of the Hebrew University - Toronto Chapter Canadian Friends of Tel Aviv University, Inc. Canadian Friends of the Israel Museum Canadian Institute For Advanced Research Canadian Liver Foundation Canadian Magen David Adom for Israel Canadian Mental Health Association Ontario Division Canadian Museum of Civilization Corporation Canadian Music Therapy Trust Fund Canadian National Institute for the Blind (CNIB) Canadian Occupational Therapy Foundation Canadian Opera Company Canadian Paralympic Foundation - ParaSport Ontario Canadian Parks & Wilderness Society Canadian Phi Delta Theta Scholarship Foundation Canadian Public Health Association Canadian Red Cross Society - Ontario Zone Canadian Red Cross, Toronto Region Canadian Stem Cell Foundation Canadian Technion Society Canadian UNICEF Committee Canuck Place Children's Hospice Cape Farewell CARE Canada Carleton University - Awards Office Centennial College - Office of Development & Advancement Centennial Infant and Child Centre Central United Church Centre d'Action Bénévole de Montréal Inc./ Volunteer Bureau of Montreal Inc. Centre for Addiction & Mental Health Foundation Centre For Community Learning & Development Chalice (Canada) CHATS-Community Home Assistance to Seniors Child Development Institute Child Evangelism Fellowship of Canada Child Haven International Children's Aid Foundation Children's Book Bank & Literacy Foundation Children's Cottage Society of Calgary Children's Family House Society of BC (Ronald McDonald House) Children's Hospital of Eastern Ontario Foundation Children's Wish Foundation of Canada - Ontario Chapter Choirs Ontario Chor Leoni Men's Choir City of Toronto Clean Air Partnership Cloverleaf Foundation Coast To Coast Against Cancer CODE Coleman Lemieux and Compagnie Colin B Glassco Charitable Foundation For Children Colon Cancer Canada Columbus House (Pembroke) Inc. Community Food Centres Canada Community Foundations of Canada Community Living Toronto Community Social Planning Council of Toronto Comox Valley Ground Search and Rescue Comox Valley Therapeutic Riding Society Conestoga College Connect Legal Conrad Grebel University College Conseil scolaire de district catholique centre-sud Co-operative Housing Federation of Toronto (CHFT) Corporation of Massey Hall and Roy Thomson Hall COSTI Immigrant Services Covenant House Toronto Crescent School Critter Care Wildlife Society Crohn's & Colitis Foundation of Canada CultureLink Settlement Services CUSO-VSO Daily Bread Food Bank Foundation of Toronto Davenport-Perth Neighbourhood and Community Health Centre David Suzuki Foundation Design Exchange Developing Countries Farm Radio Network Distress Centres of Toronto Dixon Hall Doctors Without Borders Canada Dorothy Ley Hospice Downsview Services for Seniors Dufferin County Museum and Archives Dying with Dignity Earthroots Fund East Scarborough Storefront East Toronto Family Community Centre EcoJustice Ecology Action Centre Education Through Media Environmental Defence Canada Inc. Etobicoke Children's Centre Evangel Hall Eva's Initiatives For Homeless Youth Evergreen Family Day Care Services Family Service Thames Valley Family Services of Greater Vancouver Family, Youth & Child Services of Muskoka Fatal Light Awareness Program Inc. Federation of Ontario Naturalists FINCA First Three Years - Parenting Resources & Training First Three Years - The Psychology Foundation First Work FoodShare Toronto Fred Victor Centre Free the Children Friends of Honduran Children Friends of the CAMH Archives (Museum of Mental Health Services) Friends of the Canadian War Museum Friends of the Learning Disabled, Camp Kirk Frontier College Frontiers Foundation Inc. Gatehouse Child Abuse Investigation & Support George R. Gardiner Museum of Ceramic Art Georgian Bay Forever Georgian Bay Trust Foundation Georgian College of Applied Arts and Technology Giant Steps Toronto Inc. Glen Lyon Norfolk School Foundation Good Neighbors' Club Good Shepherd Ministries Good Shepherd Non-profit Homes Inc. Governors of St. Francis Xavier University Greenest City Environmental Organization Greenwood College School Habitat for Humanity Toronto Inc. Haliburton Highlands Health Services Foundation Hallmont Foundation Halton Food for Thought Harbinger Foundation Hassle Free Clinic Hasting Park Foundation for Rights and Freedoms Havergal College Foundation Head and Hands Headwaters Health Care Foundation Access Alliance Multicultural Health and Community Services, Afri-Can FoodBasket, All Saints Church Community Centre, Art Starts, Connect Legal, First Work, Jane’s Walk, Literature for Life, Native Women’s Resource Centre of Toronto, Ontario Justice Education Network, Scadding Court Community Centre, Sistema Toronto Academy, Wellspring Cancer Support Foundation, Youth Assisting Youth Tina Edan, United Way Toronto Youth Assisting Youth Vital Ideas - Capacity building grants for organizations with great ideas. Sherbourne Health Centre Vital Toronto Fund Grant Recipients Vital People - Professional development grants for not-for-profit leaders. Jessica Bell - Tools for Change, Jonathan Bunce - Images Festival, Tina Edan - United Way Toronto, Jeff Gruchy - Downsview Services for Seniors, Derek Jancar - The Remix Project, Rachel McGarry Davenport-Perth Neighbourhood and Community Health Centre, Crystal Melin - Native Women’s Resource Centre of Toronto, Todd Minerson - White Ribbon Campaign Vital Youth - Program grants to increase access to recreation for youth. CultureLink Settlement Services, Jumblies Theatre, MABELLEarts, Outward Bound Canada, Regent Park Focus Youth Media Centre, Scarborough Arts Council, Story Planet, Supporting our Youth at Sherbourne Health Centre, Toronto Kiwanis Boys & Girls Clubs, Toronto Lords Community Association, Trails Youth Initiatives Inc., UrbanArts Community Arts Council, Warden Woods Community Centre, WoodGreen Foundation, YMCA of Greater Toronto 23 Heart & Stroke Foundation of Ontario HelpAge Canada Helping Homeless Pets Holland Bloorview Kids Rehabilitation Hospital Hope Air Horizons of Friendship Hospital for Sick Children Foundation Hot Docs Housing for Youth in the City of York Corporation Human Rights Watch Humber River Regional Hospital Humber Valley United Church Humbercrest United Church Huntsville International Film Festival Images Festival Incarnation Ministries Integra Foundation Inter Pares Intercordia Canada Interval House Jane Goodall Institute for Wildlife Research, Education, and Conservation Jane/Finch Community and Family Centre Jane's Walk Jewish Family and Child Service of Greater Toronto Jewish Women International Foundation of Canada Jumblies Theatre June Callwood Centre for Families and Women Junior Achievement of Central Ontario Junior League of Toronto Juvenile Diabetes Research Foundation Kawartha-Haliburton Children's Foundation Ken & Ann Watts Memorial Scholarship Foundation Kidney Foundation of Canada Kids Up Front Foundation Vancouver Kohai Educational Centre Ladies of the Lake Conservation Association Lake Ontario Waterkeeper Lake Scugog United Church Camp Inc. Lake Simcoe Region Conservation Foundation Lakeshore Arts Laurentian University Lawrence Park Community Church LEAF Local Enhancement & Appreciation of Forest Learning Enrichment Foundation Leaside Presbyterian Church Leprosy Mission Canada Les Jeunes Entreprises du Québec Inc. Leukemia & Lymphoma Society of Canada Licensed to Learn Literature For Life LiveWorkPlay (LWP) Incorporated Loads of Love Humanitarian Aid & Mission Society LOFT Community Services MABELLEarts Mackenzie Health Foundation Madonna House Incorporated Maharashtra Seva Samiti Organization Majengo Canada MaRS Discovery District Massey Centre for Women Master and Fellows of Massey College Maytree Foundation McMaster University - Office of Student Scholarships Medical Mercy Canada Society Metropolitan United Church Missing Children's Network/Reseau Enfants Retour Canada Mohawk College Moorelands Community Services Mount Sinai Hospital Mount Sinai Hospital Foundation of Toronto Multiple Sclerosis Society of Canada Multiple Sclerosis Society of Ottawa Musee de la Mer de Pointe-Au-Pere Musicians in Ordinary Musicounts Muskoka Heritage Foundation Muskoka Womens Advocacy Group National Arts Centre Foundation National Ballet of Canada National Ballet of Canada Endowment Foundation National Service Dog Training Centre Inc. National Ski Academy / Collingwood National Theatre School of Canada Native Child and Family Services of Toronto Native Women's Resource Centre of Toronto Nature Conservancy of Canada Nature Conservancy of Canada - Ontario Region Navigators of Canada Nazareth House Inc. Nepal School Projects New Circles Community Services New Haven Learning Centre for Children Newfoundland and Labrador Arts Council No.9 Contemporary Art & the Environment North York Community House North York General Hospital Foundation North York Harvest Food Bank North York Women's Resource Centre Northern Secondary School Foundation Not Far From the Tree Oakville Hospital Foundation OCAD University One Family Fund Canada Ontario Clean Air Alliance Research Inc. Ontario College of Teachers Ontario Forestry Association Ontario Heritage Trust Ontario Justice Education Network Ontario Shores Centre for Mental Health Sciences Ontario Society for the Prevention of Cruelty to Animals Ontario Society of Senior Citizens' Organizations Ontario Special Olympics Inc. Oolagen Community Services Open Studio Operation Springboard Opportunity International Canada Or Gallery Society ORT Canada Osteoporosis Canada Outward Bound Canada Ovarian Cancer Canada Owen Sound Family YMCA Pancreatic Cancer Canada Foundation Parkinson Society Canada Parkway Bible Church Pathways to Education Canada PAWS Peoples Animal Welfare Society Peacebuilders International PEACH (Promoting Education and Community Health) Pediatric Oncology Group of Ontario Pediatric Oncology Group of Ontario -Pediatric Interlink Community Nursing Program Pembina Foundation for Environmental Research Peter Gzowski Foundation for Literacy Peterborough Family Resource Centre Peterborough Symphony Orchestra Phillips Exeter Academy Canadian Scholarship Pickering College Plan International Canada Inc. Planned Parenthood of Toronto Plenty Canada Pollution Probe Foundation Power To Be Adventure Therapy Society Power to Change Ministries Presbyterian Church in Canada Presidents Choice Children's Charity Princess Margaret Hospital Foundation Pueblito Canada Inc. Queen's University Rainbow Society of Alberta Rainbow Songs Foundation Redwood Shelter for Abused Women Reena Foundation Regent Park Focus Youth Media Centre Regent Park School of Music Regina's Adult Learning Centre Rehabilitation Foundation for Disabled - Ontario March of Dimes Remix Project Rent-A-Youth Resource Centre Right to Play Canada River-Oak Parent Child Centre Inc. Ronald McDonald House (Toronto Children's Care Inc.) Rosedale United Church Rossbrook House Inc. Royal Conservatory of Music Royal Institution for the Advancement of Learning McGill University Royal Ontario Museum Foundation Royal Victoria Hospital Royal York Road United Church Ryerson University - Office of University Advancement Salvation Army Territorial Headquarters Sanctuary Ministries of Toronto Sarcoma Cancer Foundation of Canada Save A Child's Heart Foundation Save the Children Canada Sawa World Sawatzky Family Foundation Scadding Court Community Centre Scarborough Foreign Mission Society Scarborough Arts Council SchoolBOX Schools Without Borders Scott Mission Second Harvest Food Support Committee SEDI - Social and Enterprise Development Innovations Seneca College of Applied Arts and Technology Senior Peoples' Resources in North Toronto Incorporated (SPRINT) Serve Canada Youth Service Organization Shaw Festival Theatre Foundation Canada Sheena's Place (Hospice for Eating Disorders of Toronto) Shepherds' Trust Sherbourne Health Centre Sheridan College of Applied Arts & Technology Sikhs Serving Canada Association Sistema Toronto Academy Sistering - A Women's Place Sketch Working Arts for Street Involved & Homeless Youth Skills for Change of Metro Toronto Skyworks Charitable Foundation Smoking and Health Action Foundation Soulpepper Theatre Company South East Asian Services Centre South Muskoka Hospital Foundation Southern Alberta Pediatric Hostel Society (Ronald McDonald House) St. Andrew's College Foundation St. Christopher House St. Clare's Church St. John's Rehabilitation Hospital St. Joseph's Church St. Joseph's Health Centre Foundation of Toronto St. Jude's Anglican Church St. Matthew's United Church St. Michael's Hospital St. Michael's Hospital Foundation St. Michael's University School Foundation St. Patrick's Church St. Peter's Church St. Stephen's Community House Stephen Lewis Foundation Stevenson Memorial Hospital Foundation Story Planet Stratford Shakespeare Festival of Canada Street Haven at the Crossroads Street Kids International Sunnybrook Health Sciences Centre Sunnybrook Health Sciences Centre Foundation Sunshine Centres for Seniors Sunshine Foundation of Canada Tapestry New Opera Temple Emanu-El Terry Fox Foundation The Angel Foundation for Learning The Barbara Turnbull Foundation for Spinal Cord Research The Board of Education of School Distict No. 63 THE BOARD OF MANAGEMENT OF THE TORONTO ZOO The Calgary Science Network: An Alberta Society The Centennial Infant & Child Centre Foundation The Hospice at Maycourt The Kensington Health Centre The Kensington Foundation The Kidsafe Project Society The Living City Foundation The Milton District Hospital Foundation The Montreal Children's Hospital Foundation The Next 36 The Ottawa Hospital Foundation The Smile Train Canada The Speech and Stuttering Institute The Stop Community Food Centre The Toronto French School Foundation The Upper Canada College Foundation The Vancouver Volunteer Centre / Vantage Point Theatre Smith-Gilmour Thunder Bay Regional Health Sciences Foundation Tides Canada Foundation Tides Canada Initiatives Tim Horton Children's Foundation Timothy Eaton Memorial Church Toronto Botanical Garden Toronto Catholic District School Board Toronto Children's Chorus Toronto Consort Toronto District School Board Toronto Festival of Arts & Creativity Toronto Foundation for Student Success Toronto General & Western Hospital Foundation Toronto Humane Society Toronto International Film Festival Inc. (TIFF) Toronto Japanese Language School Toronto Kiwanis Boys & Girls Clubs Toronto Lords Community Association Toronto Park People Toronto Parks and Trees Foundation Toronto Public Library Foundation Toronto Star Children's Charities Toronto Suzuki (Music) Association Toronto Symphony Orchestra Toronto Symphony Volunteer Committee Toronto Wildlife Centre Toronto Youth Development Toronto Youth For Christ (Youth Unlimited) Toronto Zoo Touchstone Ministries Inc. Town of the Blue Mountains Township of Clearview Township of Muskoka Lakes Trails Youth Initiatives Inc. Trans Canada Trail Foundation Trees Ontario Trent University Trinity College Trinity College School True North Insight Meditation Centre, Inc. True Patriot Love Foundation for Support of Military Families True Sport Foundation Tyndale Foundation United Jewish Appeal of Metropolitan Toronto United Way of Peterborough & District United Way of York Region United Way Toronto University of Guelph - Awards Office, Student Financial Services University of Manitoba University of New Brunswick University of Ontario Institute of Technology University of Ottawa University of Prince Edward Island University of Toronto - Awards & Admissions Office - Faculty of Law - Faculty of Physical Education - Faculty of Social Work - Financial Services Department - Glomerulonephritis - Rotman School of Management - University College - Victoria University - Wycliffe College University of Toronto Schools University of Toronto Schools Foundation University of Waterloo University of Western Ontario UrbanArts Community Arts Council UrbanPromise Toronto USC Canada Vancouver Art Gallery Association Ve'ahavta: The Canadian Jewish Humanitarian & Relief Committee Vermont Square Parent - Child Mother Goose Program VIDEA - Victoria International Development Education Association Volunteer Canada Volunteer Centre of Calgary Volunteer Centre of Toronto Volunteer Ottawa Walrus Foundation War Amps of Canada Warden Woods Community Centre WaterCan Wellspring Cancer Support Foundation West Coast Environmental Education Society West Hill United Church West Park Healthcare Centre Foundation Weston Park Baptist Church White Ribbon Campaign Wilfrid Laurier University Willing Hearts International Society - Canada Windfall Women's Habitat of Etobicoke Women's Hostels Incorporated Woodgreen Words in Motion Workers' Educational Association of Canada Working Skills Centre World Vision Canada World Wildlife Fund Canada Foundation Writers' Trust of Canada YMCA of Greater Toronto YMCA of Simcoe / Muskoka Yonge Street Mission York School York University Foundation Young People's Theatre Youth Assisting Youth YWCA December 6 Fund of Toronto YWCA of Greater Toronto 25 Legacy Society The Legacy Society is made up of people who believe in the Toronto Community Foundation’s long-term vision for Toronto. Each member has designated the Toronto Community Foundation as a recipient of a portion of their estate. Matthew & Phyllis Airhart Joan Anderson Robert & Margaret Anglin Elinor Beauchamp§ Mary Bieniewski § W. Donald Black § Ruth Bradshaw Anne Brayley Al Brown Dorothy Bullen § Beverley Burke Gordon § & Kim Cheesbrough Winnifred Bruton § John Carey § Una Coghlan Dr. Sue Corlett § Rev. Frank Corless § Dan Cornacchia Bonnie Cox § J. Douglas Crashley § Jeffrey Dawson & Janice James Gregory & Oksana Deacon Adelle Deacon Frances Deacon Walter Donovan Alexander & Carolyn Drummond Patricia Dunham Frederick Dunn § Ross & Marilyn Durant Margaret Fleming Gabrielle Fong Roy H. Frankel § Angela Fusco Janet Gadeski & Gary Fisher Ann Garnett Diana Gillespie § Kenneth Goldberg William & June Gooch Alison Gordon James R. Grand § Harvey & Sue Griggs Elizabeth (Betty) Hamilton § Cecil Hoffman § Allison Hough Mary Rowell Jackman § Isobel Jaffrey § Franc Joubin § Dr. Anish Kirpalani Mark Krakowski Merle Kriss Michael La Patriello § Jim Lawson Susan Latremoille Anne Lindsey Catherine Logan Jon & Nancy Love Frances Anne MacDonald § Neil & Shirley Macdougall Soren & Sheila Madsen Irene Magill Marcia McClung Eleanor McDougall § Florence McEachren § Norman Middleton Jack Mollenhauer Peter & Bette Morgan Flora Morrison § Dr. Saroja Narasimhan Douglas Neal Eva Neumayer Hoanh & Nina Ngo Dr. Mary L. Northway § Daryl Novak & Brian Harrison Steve O’Neil & Colette Leger Alfreda Parlee § Michael Pearl § Helen Phelan § Lucile Pratt § Robert Ramsay John & Pamela Richardson Oscar Rogers § Dr. Charles Roy § John & Judy Rumble William Schultz Brian & Annabel Slaight W.W. Southam § William & Jean Stager Joseph Stauffer § Anne Swarbrick Max Tanenbaum § Dr. Gaétan Tardif Catherine Thomas & Fraser Baillie Gertrude Thomas § Keith Thomson Barbara Tolson Jean Tompkins § Timothy & Anne Unwin William Vaisey Kevin Vance Joan VanDuzer Joanne Waddington Shannon Waller Ken Watts § Steven Williams § John & Peggy Withrow § Anonymous (20) Fondly remembered § Professional Advisors Professional Advisors play a vital role in helping their clients develop strategies for achieveing their long-term philanthropic goals. We thank them for their continued support. Malcolm Archibald, Weir Foulds LLP (Retired) Nino Ardizzi, Dundee Wealth Management Anthony Arrell, Burgundy Asset Management Ltd. Risa Awerbuck, Torkin Manes LLP Rick Claydon, Stonegate Private Counsel, LP Frank Creaghan, Creaghan McConnell Group Ltd. Sheila Crummey, McMillan LLP Douglas Davis, Davis-Rea Ltd. Jeffrey Dawson, Jeffrey Dawson Insurance Agencies Ltd. Gregory Deacon, Gregory P. Deacon & Associates Michael Decter, Lawrence Decter Investment Counsel Inc. Kiki Delaney, C.A. Delaney Capital Management Ltd. Joanne Dereta, Stonegate Private Counsel LP Michael Ellis, BMO Nesbitt Burns Inc. Margaret Franklin, Marret Private Wealth Inc. John Fuke, Cedarmint Consulting Inc. Jamie Golombek, CIBC Private Wealth Management Geoffrey Gouinlock, Nexus Investment Management Inc. Scott Gibson, E.E.S. Financial Services Ltd. Gwen Harvey, BridgeWater Family Wealth Services Elena Hoffstein, Fasken Martineau LLP Jamie Johnson, Signal Hill Equity Partners Ltd. Michael Lakhani, Assante Financial Management Ltd. Susan Latremoille, Richardson GMP Limited Dean Levitt, Fellow of the Institute of Chartered Accountants William Martin, William D. Martin Barrister & Solicitor Robert Matthews, Longview Asset Management Jill McAlpine, Fellow of the Institute of Chartered Accountants Tom McCullough, Northwood Family Office Maureen Monaghan, Monaghan, Barristers and Solicitors Chris Molloy, Assante Financial Management Ltd. James Myers, Myers Tsiofas Norheim LLP Neil Nisker, Fiera Capital Margaret O’Sullivan, O’Sullivan Estate Lawyers Nino Pannozzo, Assante Capital Management Sara Plant, BMO Harris Private Banking Marvi Ricker, BMO Harris Private Banking Mike Saron, CIBC Wood Gundy Russell Schmidt, Informoney Financial Planning Michael Shulman, Birchwood Group Leslie Slater, Chartered Accountant Irene So, RBC Dominion Securities Inc. John Stacey, NexGen Financial LP Keith Thomson, Stonegate Private Counsel LP Meta Tory, Tim Unwin, Blake, Cassels & Graydon LLP Tom Vandewater, ScotiaMcLeod Inc. Ed Waitzer, Stikeman Elliot LLP Dianne White, Nexus Investment Counsel Inc. Shelley Williams, BMO Nesbitt Burns Inc. Karen Windischmann, BMO Nesbitt Burns Inc. Fundholder Legacy Society 27 Financial Information ($000’s) 2012 2011 275,214 257,152 255,743 Endowed Funds 121,737 106,779 113,107 Restricted Funds 17,573 16,191 17,378 Operating Funds 1,692 1,348 1,379 141,002 124,318 130,864 11.7% 2.5% 11.1% Five years 4.6% 1.7% 2.6% Ten years 6.1% 4.8% 5.2% Funds held on behalf of other parties 64,041 69,495 62,043 Funds held for United Way Toronto 70,172 63,021 61,836 Donations received 11,783 14,897 15,197 Grants made 6,225 7,147 7,509 Operating expenses (including investment management fees) 3,444 3,381 3,452 1.3% 1.3% Investments under management 2013 Fund Balances Annualized Investment returns (gross of fees) One year as a % of investments under management 28 The Art of Wise Giving™ — www.tcf.ca/financial-information 1.3% The most recent fiscal year for the Toronto Community Foundation (the “Community Foundation”) ended on March 31, 2013. The following pages provide a summary of the Community Foundation’s financial results for the year, beginning with a description of our different types of Funds. Fund Balances and Fundholders Fund Balances by Type Endowed Funds are endowed either permanently or for a specified period of time (typically 10 years), and their granting is restricted to levels determined annually by the Community Foundation’s Board of Directors, in compliance with Canada Revenue Agency requirements. The principal of Flowthrough Funds may be granted at any time. Operating Funds represent the amount of unrestricted gifts or income which are available to the Community Foundation for its operations. The number of individual and corporate fundholders with named Endowment and/or Flowthrough Funds continues to grow steadily, from 310 in 2009 to 353 in 2013, a 14% increase. In 2013, the Community Foundation opened 26 new Funds, of which 15 were Endowed and 11 were Flowthrough. In total, the Community Foundation now has 350 Endowed Funds, 105 Flowthrough Funds, and 20 Consolidated Funds for a total of 475 active Funds. 250 200 150 100 Fund Value In addition to Endowed and Flowthrough Funds, which are assets of the Community Foundation, total assets under management also include assets of other charities which are pooled with the Community Foundation’s own assets for investment purposes (“Consolidated Funds”). $MM 50 0 2009 2010 2011 2012 2013 Operating Funds Consolidated Funds Flowthrough Funds Endowed Funds Note: In 2008, United Way Toronto’s funds, which were consolidated for investment purposes, were moved into a separate pool, and are not shown in the Community Foundation’s Fund balances. The Art of Wise Giving™ — www.tcf.ca/financial-information 29 Assets under Management Total assets under management, including United Way Toronto funds ($70MM), grew from $189MM in 2009 to $275MM at March 31, 2013, an increase of 46%. $MM 300 250 200 Growth was generated primarily by investment income; total investment income over the five-year period was $42MM (including United Way’s portion). The Foundation’s portfolio returned an average of 4.6% per annum over the same period, in line with market driven benchmarks. Another major source of growth came from $32MM in new endowed funds. 256 257 2011 2012 275 229 189 150 100 50 0 2009 2010 2013 Donations Received $MM 1700 16 14 Value of Donations 12 1300 10 8 1100 6 900 4 700 2 2009 30 2010 2011 2012 2013 500 Number of Donations 1500 Donors may contribute to named Endowment or Flowthrough Funds at the Community Foundation or to the Community Foundation’s own community initiatives through the Vital Toronto Fund, our community investment fund. With the exception of 2011, the number of donors has been relatively stable over the past five years. The number increased in 2011 due to the establishment of a number of “in memoriam” funds, which typically attract a larger number of donor contributions. The Art of Wise Giving™ — www.tcf.ca/financial-information Investment Returns All Endowed Funds and Consolidated Funds are invested in pooled funds managed by third party investment management firms. The Community Foundation’s Investment Committee monitors the performance of these firms against the overall investment strategy and against their specific objectives. After an extensive review, the Community Foundation implemented a new investment policy during the year, with an objective of generating stable and predictable returns sufficient to cover granting and administrative expenses in each year, while maintaining the value of the Fund capital. This policy targets an average annual investment return of 5% after inflation over a 5-year cycle, rather than following a more traditional market benchmark. Under the Community Foundation’s new investment strategy, pooled fund investments returned 11.7% in 2013, compared to a weighted index return of 7.5% and an inflation-adjusted constant return target of 6.2%. Flowthrough Funds are invested in short-term investments, and income earned on these funds is retained by the Community Foundation in its Operating Fund. 25% 20% 15% 10% 5% 0% -5% -10% -15% -20% -25% 2004 2005 2006 2007 2008 2009 2010 2011 2012 The Art of Wise Giving™ — www.tcf.ca/financial-information 2013 31 Grants Made Total grants made by the Community Foundation from Endowed and Flowthrough Funds have declined in value over the last five years from their highs in 2009. This was due in 2010 to a decline in amounts made available to grant, as fund balances declined due to market conditions. In 2013, grants totalled $6.2MM, compared to $8.2 MM in 2009. The table below shows the number of organizations who have received grants from the Community Foundation in recent years. 2009 454 2010 546 2011 520 2012 539 10 1,200 8 1,000 6 800 4 600 2 400 - 200 2009 2010 2011 2012 2013 32 The Art of Wise Giving™ — www.tcf.ca/financial-information Number of grants Total grants $MM 2013 579 Operations The Community Foundation is managed by a team of 17 staff under the direction of the President & CEO. In addition to managing the assets, donations, and grants of the Community Foundation, staff provide philanthropic services to Fundholders and are actively engaged in initiating and managing the Foundation’s growing involvement in community initiatives with various collaborative partner organizations. Total Operating Fund expenses for the fiscal year ending March 31 were $3.1 MM, unchanged from the prior year, which includes $0.7MM in fees paid to external investment managers. Philanthropic services fees and fees levied on invested assets covered almost 90% of these costs, with the balance covered by specific grants from Endowed and Flowthrough Funds to offset operating expenses, as well as donations to the Foundation’s operations from external sources. $ 000 3,500 3,000 Operating Expenses 2691 3282 3100 3100 2012 2012 2795 2,500 2,000 1,500 1,000 500 0 2009 2010 2011 The Art of Wise Giving™ — www.tcf.ca/financial-information 33 Yo u can have three hous es a few boats a coupl e of exes l ots of ki ds and a bunch of careers . Yo u co ul d own fi ve com pani es m ake fi ve m i l l i on d ollar s o r go bankrupt fi ve ti m es, and com e back six. You can have a col l ection of watches a cl os et ful l of sui ts a garage ful l of c ar s. Yo u can travel to fi fty countri es on s even conti ne nt s. B ut you onl y get to have one l egacy. C re a ting a las ting chari tabl e l egacy i s eas ier and more a ffordable than you m i ght thi nk. To l ea r n how, vis it t c f. c a