The Toronto Community Foundation recognizes that each donation, no matter what size, reflects a trust in our ability to invest resources wisely. The Community Foundation maintains a long-term investment focus that balances security of capital, income, and growth with a moderate level of risk. The portfolio is diversified by specific security, investment management style, geography, and type of investment.

Financials
Toronto Community Foundation currently administers over $210 million in philanthropic, endowed assets, both for its own donors and for organizations such as United Way Toronto.

2010-2011 Audited Financial Statements (PDF, 225 KB)
2009-2010 Audited Financial Statements (PDF, 328 KB)
2008-2009 Audited Financial Statements (PDF, 236 KB)
2007-2008 Audited Financial Statements (PDF, 144 KB)


Investment Management
Responsibility for managing the Toronto Community Foundation's investment portfolio is vested in the Board of Directors with the guidance of the Investment Committee. The Investment Committee works closely with professional staff and investment advisors to recommend policy, establish performance benchmarks, and monitor the performance of the Toronto Community Foundation's investment portfolio.

I3 Advisors is the Community Foundation's investment advisor. Their role is to monitor and oversee the performance of the Investment Managers and advise and counsel the Investment Committee.

Investment Policy (PDF, 98 KB)

Investment Managers
Axiom International Investors, LLC
Canso Investment Council Ltd.
Jarislowsky Fraser Limited
Letko, Brousseau & Associates, Inc.
QV Investors, Inc.
TD Asset Management, Inc.

Authorized Personal Investment Managers
Donors may request to have their personal investment advisors manage their endowed funds. Firms must meet certain criteria. Authorized firms include:
BMO Nesbitt Burns Inc.
BMO Harris Private Banking
Burgundy Asset Management, Ltd.
C.A. Delaney Capital Management Inc.
Davis Rea Ltd.
Gluskin Sheff + Associates Inc.
Highstreet Asset Management
Manitou Investment Management Ltd.