The JCF has grown significantly in assets under management but we believe the best performance indicator is the amount of money we grant to the charitable sector. For the year ending March 31, 2020, we granted close to $113 million to charities and to charitable programs that support education, healthcare, poverty relief, social service as well as arts and culture.
Number of Grantees
The JCF prides itself in supporting the charitable sector at large. One of the performance measures we look at are the number of Registered Canadian Charities receiving grants from the JCF, as well as number of charitable programs the JCF runs directly. Consistently from year-to-year our reach has grown and now stands at over 1,000 grant recipients, an increase of 140 grantees (16.2%) over a period of two years.
Promoting philanthropic giving is our main priority. We reach out to families across Montreal and show them how philanthropic giving can be easy, tax-effective and part of their financial planning. Our goal is to reach more families, and help them structure their giving in such a way that everything is centralized in one place. Last year we reached a new record of 2,273 fundholders, an increase of 92 over the previous year.
Assets Under Management
One of our preoccupations is to plan for the future. We want the community and the charitable sectors we support to be sustainable long-term and thus one of our priorities is to build permanent endowments that will support charities in perpetuity. One of our measurements is total assets and the chart below demonstrates growth in assets year-to-year.