The JCF has grown significantly in assets under management but at the end of the day we believe the best performance indicator is the amount of money we grant to charities and our goal is for our total grants to grow year-over-year. For the year-ended March 31st, 2017 we granted $58.4 million to charities that support education, healthcare, poverty relief, social service as well as arts and culture. This is a 42.9 % increase in grants paid out over last year.
CRA’s disbursement quota applying to private and public Foundations is 3.5% of assets calculated on a 3-year average. We have by exceeded CRA’s minimum requirement having granted 5.5% during for the period ended March 31st, 2016.
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 other international charitable programs the JCF runs directly. Consistently from year-to-year our reach has grown and now stands at 860 grant recipients, an increase of 174 grantees (25.4%) over the prior year.
Number of Families:
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. In a nutshell, we educate people on philanthropic giving. Our goal is to reach more families, of diverse backgrounds and help them structure their giving in such a way that everything is centralised in one place; is easy and personally gratifying. We set an internal goal of reaching 100 new families per year. Last year we reached a new record of 2,659 fund holders an increase of 188 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.