Governing Council of the University of Toronto
501(c)(3)
95% goes to programs $4 to raise $100 Strong reserves
Governing Council of the University of Toronto is a 501(c)(3) organization, registered in 1954, with $3,486,918,000 in FY2024 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
Toronto Ontario M5s 3e2, Canada, 00000 EIN 98-6001141 Since 1954
Revenue (FY2024)
$3.5B
▲ 2.8% vs prior year
Expenses (FY2024)
$3.1B
Net assets
$7.6B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating95% to programs · $4 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Governing Council of the University of Toronto: 95% to programs · $4 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating29 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Governing Council of the University of Toronto: 29 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Governing Council of the University of Toronto: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Governing Council of the University of Toronto: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The university's vision is to be a leader among the world's best public universities in its discovery, preservation and sharing of knowledge through its teaching and research and its commitment to excellence and equity.
What they do
Other program services include maintenance and amortization on equipment and buildings and expenses related to non-credit courses provided by the university
Contact & location
- Address
- Toronto Ontario M5s 3e2, Canada, 00000
- City
- —
- State
- —
- Category
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- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $2.5B (FY2013) to $3.5B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.6BNet assets $7.6B
Operating margin
10.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$11.2B
Total liabilities
$3.6B
Net assets
$7.6B
Salaries & benefits
$1.8B
59% of expenses
Board members
49
32 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,486,918,000▲2.8% | $3,115,293,000▲3.1% | $7,627,373,000▲4.8% | $11,185,048,000▲3.8% | 990 |
| 2023 | $3,393,422,000▲5.6% | $3,022,353,000▲8.0% | $7,281,419,000▲7.2% | $10,772,193,000▲4.7% | 990 |
| 2022 | $3,214,233,000▲5.4% | $2,799,769,000▲3.0% | $6,792,105,000▲0.3% | $10,285,716,000▼1.7% | 990 |
| 2021 | $3,050,426,000▼0.3% | $2,719,216,000▲8.6% | $6,768,694,000▲9.6% | $10,461,501,000▲10.4% | 990 |
| 2020 | $3,059,060,000▲12.5% | $2,503,934,000▲4.8% | $6,176,546,000▲28.1% | $9,472,643,000▲17.7% | 990 |
| 2019 | $2,719,637,000▼0.4% | $2,388,578,000▲1.8% | $4,823,216,000▼1.6% | $8,045,063,000▲1.9% | 990 |
| 2018 | $2,730,190,000▲3.6% | $2,346,611,000▲3.3% | $4,902,164,000▲5.8% | $7,898,729,000▲2.4% | 990 |
| 2017 | $2,635,200,000▲7.8% | $2,272,601,000▲6.8% | $4,635,483,000▲11.8% | $7,716,936,000▲10.3% | 990 |
| 2016 | $2,444,513,000▲10.6% | $2,127,662,000▲3.7% | $4,147,369,000▲25.5% | $6,996,361,000▲9.2% | 990 |
| 2015 | $2,210,887,000▼10.5% | $2,050,809,000▼7.6% | $3,305,166,000▼13.2% | $6,408,769,000▼10.4% | 990 |
| 2014 | $2,470,239,000▼3.0% | $2,219,842,000▼5.8% | $3,807,037,000▲3.8% | $7,149,492,000▼1.0% | 990 |
| 2013 | $2,547,551,000 | $2,355,523,000▼1.4% | $3,666,243,000▲22.7% | $7,220,178,000▼1.4% | 990 |
| 2012 | — | $2,389,946,000▼2.0% | $2,988,242,000▲62.0% | $7,319,262,000▲50.0% | 990 |
| 2011 | — | $2,437,873,000▲5.4% | $1,844,892,000▼2.7% | $4,880,159,000▲5.2% | 990 |
| 2010 | — | $2,313,918,000 | $1,896,403,000 | $4,640,496,000 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Alan Aspuru-guzik — $507,085 (0.02% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alan Aspuru-guzik | Professor of Chemistry and Computer Science | 36.25 | $507,085 |
| Meric Gertler | Ex Officio, President, University of Toronto | 36.25 | $454,771 |
| David Goldreich | Professor of Finance | 36.25 | $397,088 |
| Mikhail Simutin | Associate Professor of Finance | 36.25 | $394,656 |
| Brian Golden | Professor of Strategic Management | 36.25 | $376,603 |
| William Strange | Professor of Economic Analysis and Policy | 36.25 | $375,892 |
| Susan Christoffersen | Professor of Finance | 36.25 | $370,311 |
| Brian Silverman | Professor of Strategic Management | 36.25 | $369,438 |
| Wei-yi Scott Liao | Professor of Accounting | 36.25 | $368,459 |
| Mihnea Moldoveanu | Professor of Economic Analysis and Policy | 36.25 | $363,806 |
| Alexander Dyck | Professor of Finance | 36.25 | $363,580 |
| Glen Whyte | Professor of Organizational Behaviour and Human Resource Management | 36.25 | $361,122 |
| Craig Andrew Doidge | Professor of Finance | 36.25 | $359,798 |
| David Palmer | Vice-president Advancement | 36.25 | $358,110 |
| Lionel Trevor Young | Presidential Appointee, Professor, Psychiatry and Dean, Temerty Faculty of Medicine | 36.25 | $357,585 |
| John Hull | Professor of Finance | 36.25 | $355,085 |
| Joel Baum | Professor of Strategic Management | 36.25 | $347,150 |
| Cheryl Regehr | Professor, Factor-inwentash Faculty of Social Work | 36.25 | $346,957 |
| Leah Cowen | Vice-president, Research and Innovation, and Strategic Initiatives; Professor, Molecular Genetics | 36.25 | $324,573 |
| Scott Mabury | Vice-president, Operations and Real Estate Partnerships; Professor of Environmental Chemistry | 36.25 | $320,996 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ellisdon Corporation | Construction | $101,518,000 |
| Pomerleau Inc | Construction | $38,198,000 |
| Urbacon Buildings Group Inc | Construction | $15,062,000 |
| Canadian Turner Construction | Construction | $14,155,000 |
| Wcc Construction Canada Ulc | Construction | $13,133,000 |
Grants received · $50K total
4 grants to Governing Council of the University of Toronto totaling $50K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2021 | $15,000 |
| American Endowment Foundation | Programs | 2020 | $15,000 |
| American Endowment Foundation | Programs | 2019 | $14,500 |
| American Endowment Foundation | Programs | 2018 | $5,250 |
Grants made · $1.7M in FY2024
17 grants totaling $1.7M in FY2024 — showing the 15 largest. All grants made by Governing Council of the University of Toronto →
| Recipient | Purpose | Amount |
|---|---|---|
| University of North Carolina At Chapel Hill | Research | $489,000 |
| Trustees of Boston University | Research | $280,000 |
| Regents of University of Minnesota | Research | $206,000 |
| Rutgers the State University | Research | $170,000 |
| University of California San Francisco | Research | $156,000 |
| Regents of the University of Michigan | Research | $142,000 |
| Ut Southwestern Medical Center | Research | $61,000 |
| Board of Regents Nevada System of Higher Education | Research | $59,000 |
| Duke University | Research | $50,000 |
| Yale University | Research | $18,000 |
| Trustees of Columbia University | Research | $17,000 |
| Albert Einstein College of Medicine | Research | $16,000 |
| Texas A&m University College Station | Research | $15,000 |
| Tetra Tech Inc | Research | $14,000 |
| University of Washington | Research | $13,000 |
Frequently asked questions
- Is Governing Council of the University of Toronto a legitimate nonprofit?
- Yes. Governing Council of the University of Toronto is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 98-6001141.
- What is Governing Council of the University of Toronto's EIN?
- Governing Council of the University of Toronto's Employer Identification Number (EIN) is 98-6001141.
- How much revenue does Governing Council of the University of Toronto report?
- Governing Council of the University of Toronto reported $3,486,918,000 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Governing Council of the University of Toronto's spending goes to programs?
- Governing Council of the University of Toronto spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Governing Council of the University of Toronto have?
- CharityIndex grades Governing Council of the University of Toronto A+, based on program efficiency and fundraising cost.
- How much does Governing Council of the University of Toronto's highest-paid employee make?
- The highest reported compensation on Governing Council of the University of Toronto's latest Form 990 is $507,085, paid to Alan Aspuru-guzik (Professor of Chemistry and Computer Science).
Explore more
Data for Governing Council of the University of Toronto (EIN 98-6001141) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.