TFS - Canada's International School

TFS_AnnualReport_2024

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Highlights of the Statement of Operations ($000s) 2024 2023 Donations & Special Events $3,070 $3,711 Investment Income (Loss) $737 $690 Total Revenue $3,807 $4,401 Fundraising $114 $364 Program and Administration Costs $563 $481 Net Expenses $677 $845 Contributions to TFS $1,891 $1,944 Excess (Deficiency) of Revenue Over Expenses $1,239 $1,612 Highlights of the Statement of Financial Position ($000s) 2024 2023 Total Current Assets $10,417 $7,454 Investments $2,151 $4,135 Total Assets $12,568 $11,589 Total Liabilities $501 $761 Net Assets $12,067 $10,828 TFS Foundation Shael Kalef Chair, TFS Foundation Investment and Finance Committee I am pleased to provide this financial summary on behalf of the TFS Foundation's Investment and Finance Committee during this exciting time. Foundation assets increased to $10.8 million. The Foundation has continued to be able to support the design phase of the Master Campus Plan. During the year ending June 30, 2024, the TFS Foundation made grants to TFS totaling $1.9 million to support capital projects and the Master Campus Plan for both campuses. TFSF grants also continued to support scholarships and bursaries, as well as other experiential learning initiatives and projects, creating access and enhancing educational opportunities for current and future students.

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