Highlights of the Statement of
Operations ($000s)
2025 2024
Donations & Special Events $3,573 $3,070
Investment Income (Loss) $716 $737
Total Revenue $4,289 $3,807
Fundraising $273 $114
Program and Administration Costs $571 $563
Net Expenses $844 $677
Contributions to TFS $3,752 $1,891
Excess (Deficiency) of
Revenue Over Expenses
-$307 $1,239
Highlights of the Statement of
Financial Position ($000s)
2025 2024
Total Current Assets $10,972 $10,417
Investments $2,402 $2,151
Total Assets $13,374 $12,568
Total Liabilities $1,614 $501
Net Assets $11,760 $12,067
TFS Foundation
I am pleased to provide this financial
summary on behalf of the TFS
Foundation's Investment and Finance
Committee during this exciting time.
The Foundation has over $11.7 million
in net assets out of which over
$7 million are unrestricted and available
to continue to support the costs of our
two planned buildings. Due to the
ongoing generosity of our community,
the current year expenses for design
and planning were supported through
the TFS Foundation, which continues
to be a vital partner to the school.
During the year ending June 30, 2025,
the TFS Foundation made grants to
TFS totaling $3.8 million to support
capital projects and the Master
Campus Plan for both campuses. TFS
Foundation 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.
Shael Kalef
Chair, TFS Foundation
Investment and
Finance Committee
81 TFS
