TFS - Canada's International School

TFS Community Report_(w_o donors)_2022

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1 9 R A P P O R T À N O T R E C O M M U N A U T É 2 1 /2 2 Total Revenue $ 2,182 $ 3,161 $ 2,610 Fundraising $ 40 $ 32 $ 87 Program and Administration Costs $ 448 $ 409 $ 506 Net Expenses $ 488 $ 441 $ 593 Grants to TFS $ 1,368 $ 689 $ 1,431 Excess (Deficiency) of Revenue Over Expenses $ 326 $ 2,031 $ 586 Highlights of the Statement of Operations ($000s) Donations and Special Events $ 2,786 $ 2,537 $ 2,774 Investment Income $ (604) $ 624 $ (164) Shael Kalef Chair, TFS Foundation Investment and Finance Committee I am pleased to provide this financial summary on behalf of TFS Foundation's Investment and Finance Committee. Foundation assets increased to $9.2 million. Fundraising revenue increased to $2.8 million and net revenue saw a modest increase, as challenging market conditions weighed on investment performance. TFS Foundation continues to grow its fundraising program year-over-year and this positions the organization well for the future. During the year ending June 30, 2022, TFS Foundation made grants to TFS totalling $1.4M to support capital projects at both the Toronto and Mississauga campuses, including improvements to La Terrasse and the West Campus electrical upgrade. TFS Foundation grants also continued to support scholarships and bursaries, and pandemic-related expenses. TFS Foundation Total Current Assets $ 945 $ 738 $ 759 Investments $ 8,684 $ 8,287 $ 6,164 Total Assets $ 9,629 $ 9,025 $ 6,923 Total Liabilities $ 413 $ 135 $ 65 Net Assets $ 9,216 $ 8,890 $ 6,858 Highlights of the Statement of Financial Position ($000s) 2021 2022 2020 The graduating Class of 2022 celebrates!

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