Governing Council Of The University Of Toronto

Canada, Outside U.S.
Tax-exempt since Jan. 1954
EIN: 98-6001141

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible by treaty (foreign organization).

Details

According to its April 2023 tax filing, this nonprofit:

Operated a school

Organization is a school. Details are reported on Schedule E.

Provided first-class or charter travel

Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.

Revenue

$3.21B (2023)

Expenses

$2.8B (2023)

Total Assets

$10.3B (2023)

Total Liabilities

$3.49B (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending April
2023

Revenue

$3,214,233,000

Expenses

$2,799,769,000

Net Income

$414,464,000

Net Assets

$6,792,105,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,009,404,000	31.4%
Program Services	$1,769,906,000	55.1%
Investment Income	$234,430,000	7.3%
Bond Proceeds	$0
Royalties	$6,654,000	0.2%
Rental Property Income	$17,222,000	0.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$176,617,000	5.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,082,000	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,354,452,000	48.4%

Assets/Debt
Total Assets	$10,285,716,000
Total Liabilities	$3,493,611,000
Net Assets	$6,792,105,000

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Brian Golden (Professor Of Strategic Management)	$446,177	$0	$0
Wei Yi Scott Liao (Professor Of Accounting)	$391,792	$0	$0
Brian Silverman (Professor Of Strategic Management)	$391,486	$0	$0
Meric Gertler (Ex Officio, President, University Of Toronto)	$375,309	$0	$0
Susan Christoffersen (Professor Of Finance)	$368,396	$0	$0
William Strange (Professor Of Economic Analysis And Policy)	$366,335	$0	$0
Mihnea Moldoveanu (Professor Of Economic Analysis And Policy)	$360,743	$0	$0
John Hull (Professor Of Finance)	$360,089	$0	$0
David Palmer (Vice President Advancement And Acting Vice President Communications)	$353,331	$0	$0
Lionel Trevor Young (Professor And Dean, Temerty Faculty Of Medicine)	$353,114	$0	$0
Joel Baum (Professor Of Strategic Management)	$344,503	$0	$0
Alexander Dyck (Professor Of Finance)	$338,818	$0	$0
Edward Sargent (Vice President, Research And Innovation, And Strategic Initiatives)	$337,508	$0	$0
Glen Whyte (Professor Of Organizational Behaviour And Human Resource Management)	$337,425	$0	$0
Jan Mahrt Smith (Associate Professor Of Finance)	$327,280	$0	$0
Cheryl Regehr (Vice President And Provost; Professor, Factor Inwentash Faculty Of Social Work)	$295,095	$0	$0
Cristina Amon (Professor Of Mechanical And Industrial Engineering)	$286,666	$0	$0
Wisdom Tettey (Vice President, Principal, Utsc; Professor, Dep Of Political Science, Global Development Studies)	$275,897	$0	$0
Janice Stein (Professor Of Political Science And Harrowston Professor Of Conflict Management And Negotiation)	$268,866	$0	$0
Scott Mabury (Vice President, Operations And Real Estate Partnerships; Professor Of Environmental Chemistry)	$265,590	$0	$0
Kelly Hannah Moffat (Vice President, People Strategy, Equity And Culture; Professor, Criminology And Sociolegal Studies)	$265,563	$0	$0
Leah Cowen (Vice President, Research And Innovation, And Strategic Initiatives; Professor, Molecular Genetics)	$258,744	$0	$0
Joseph Wong (Presidential Appointee, Vice President, International; Professor, Political Science)	$250,124	$0	$0
Shashi Kant (Professor, Institute For Management And Innovation)	$242,120	$0	$0
David Estok (Vice President, Communications)	$242,107	$0	$0
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990

Filed on March 14, 2024

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Fiscal Year Ending April
2022

Revenue

$3,050,426,000

Expenses

$2,719,216,000

Net Income

$331,210,000

Net Assets

$6,768,694,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,033,893,000	33.9%
Program Services	$1,789,263,000	58.7%
Investment Income	$62,476,000	2.0%
Bond Proceeds	$0
Royalties	$7,318,000	0.2%
Rental Property Income	$11,991,000	0.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$145,485,000	4.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,503,000	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,338,489,000	49.2%

Assets/Debt
Total Assets	$10,461,501,000
Total Liabilities	$3,692,807,000
Net Assets	$6,768,694,000

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
William Mitchell (Professor Of Strategic Management)	$448,996	$0	$0
Brian Golden (Professor Of Strategic Management)	$437,644	$0	$0
Craig Andrew Doidge (Professor Of Finance)	$430,354	$0	$0
Meric Gertler (Ex Officio, President, University Of Toronto)	$396,210	$0	$0
John Hull (Professor Of Finance)	$392,280	$0	$0
David Palmer (Vice President, Advancement)	$378,643	$0	$0
Alexander Dyck (Professor Of Finance)	$371,641	$0	$0
Mihnea Moldoveanu (Professor Of Economic Analysis And Policy)	$370,866	$0	$0
Lionel Trevor Young (Professor, Psychiatry And Dean)	$368,225	$0	$0
Glen Whyte (Professor Of Organizational Behaviour And Human Resource Management)	$364,645	$0	$0
William Strange (Professor Of Economic Analysis And Policy)	$361,941	$0	$0
Joel Baum (Professor Of Strategic Management)	$349,605	$0	$0
Edward Sargent (Vice President, Research And Innovation, And Strategic Initiatives)	$329,641	$0	$0
Jan Mahrt Smith (Associate Professor Of Finance)	$328,863	$0	$0
Cheryl Regehr (Presidential Appointee, Vice President And Provost)	$297,490	$0	$0
Cristina Amon (Professor Of Mechanical And Industrial Engineering)	$292,071	$0	$0
Wisdom Tettey (Presidential Appointee, Vice President And Principal Utsc)	$291,886	$0	$0
Scott Mabury (Vice President, Operations And Real Estate Partnerships; Professor Of Environmental Chemistry)	$281,216	$0	$0
Janice Stein (Professor Of Political Science And Harrowston Professor Of Conflict Management And Negotiation)	$271,494	$0	$0
David Estok (Vice President, Communications)	$257,876	$0	$0
Nora Gillespie (Provost And Vice President People Strategy, Equity And Culture; Senior Legal Counsel, Vp Office)	$253,906	$0	$0
Joseph Wong (Vice President, International; Professor, Political Science)	$251,302	$0	$0
Shashi Kant (Professor, Institute For Management And Innovation)	$251,049	$0	$0
Kelly Hannah Moffat (Vice President, People Strategy, Equity And Culture; Professor, Criminology And Sociolegal Studies)	$248,980	$0	$0
Alexandra Gillespie (Vice President, University Of Toronto; Principal, Utm; Professor, English And Medieval Studies)	$241,727	$0	$0
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990

Filed on March 14, 2023

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Fiscal Year Ending April
2021

Revenue

$3,059,060,000

Expenses

$2,503,934,000

Net Income

$555,126,000

Net Assets

$6,176,546,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,045,381,000	34.2%
Program Services	$1,580,936,000	51.7%
Investment Income	$293,638,000	9.6%
Bond Proceeds	$0
Royalties	$8,840,000	0.3%
Rental Property Income	$8,260,000	0.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$122,005,000	4.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,383,000	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,212,673,000	48.4%

Assets/Debt
Total Assets	$9,472,643,000
Total Liabilities	$3,296,097,000
Net Assets	$6,176,546,000

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Daren Smith (President And Chief Investment Officer, University Of Toronto Asset Management Corporation)	$529,794	$0	$0
William Mitchell (Professor Of Strategic Management)	$429,422	$0	$0
Charles O Reilly (Head Of Public Equities, Investments, University Of Toronto Asset Management Corporation)	$406,728	$0	$0
Brian Golden (Professor Of Strategic Management)	$387,702	$0	$0
Meric Gertler (Ex Officio, President, University Of Toronto)	$380,677	$0	$0
Glen Whyte (Professor Of Organizational Behaviour And Human Resource Management)	$372,552	$0	$0
Joel Baum (Professor Of Strategic Management)	$372,248	$0	$0
Alexander Dyck (Professor Of Finance And Economic Analysis And Policy)	$371,366	$0	$0
Mihnea Moldoveanu (Vice Dean, Learning And Innovation And Professor Of Economic Analysis And Policy)	$365,708	$0	$0
John Hull (Professor Of Finance)	$361,427	$0	$0
William Strange (Professor Of Economic Analysis And Policy)	$344,111	$0	$0
Lionel Trevor Young (Professor, Psychiatry And Dean)	$337,755	$0	$0
Cristina Amon (Professor Of Mechanical And Industrial Engineering)	$310,892	$0	$0
Edward Sargent (Vice President, Research And Innovation, And Strategic Initiatives)	$299,354	$0	$0
Vivek Goel (Professor)	$288,805	$0	$0
David Palmer (Vice President, Advancement)	$286,504	$0	$0
Lisa Becker (Chief Operating Officer, Chief Compliance Officer, University Of Toronto Asset Management Corporatio)	$286,184	$0	$0
Cheryl Regehr (Presidential Appointee, Vice President And Provost)	$285,396	$0	$0
Wisdom Tettey (Presidential Appointee, Vice President And Principal Utsc)	$282,592	$0	$0
Jan Mahrt Smith (Teaching Staff Governor)	$271,581	$0	$0
Scott Mabury (Vice President, Operations And Real Estate Partnerships And Professor Of Chemistry)	$270,276	$0	$0
Janice Stein (Professor Of Political Science And Harrowston Professor Of Conflict Management And Negotiation)	$257,657	$0	$0
David Estok (Vice President, Communications)	$253,446	$0	$0
Sheila Brown (Chief Financial Officer)	$245,333	$0	$0
Kelly Hannah Moffat (Vice President, Human Resources And Equity)	$232,134	$0	$0
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990

Filed on Feb. 17, 2022

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Fiscal Year Ending April
2020

Revenue

$2,719,637,000

Expenses

$2,388,578,000

Net Income

$331,059,000

Net Assets

$4,823,216,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$962,876,000	35.4%
Program Services	$1,457,927,000	53.6%
Investment Income	$133,415,000	4.9%
Bond Proceeds	$0
Royalties	$3,760,000	0.1%
Rental Property Income	$11,461,000	0.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$150,198,000	5.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,361,000	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,173,032,000	49.1%

Assets/Debt
Total Assets	$8,045,063,000
Total Liabilities	$3,221,847,000
Net Assets	$4,823,216,000

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Daren Smith (President And Chief Investment Officer, University Of Toronto Asset Management Corporation)	$600,833	$0	$0
Joel Baum (Professor Of Strategic Management)	$419,445	$0	$0
Brian Golden (Professor Of Strategic Management)	$410,428	$0	$0
William Mitchell (Professor Of Strategic Management)	$396,684	$0	$0
Mihnea Moldoveanu (Vice Dean, Learning And Innovation And Professor Of Economic Analysis And Policy)	$374,318	$0	$0
Meric Gertler (Ex Officio Governor, President)	$372,794	$0	$0
Glen Whyte (Professor Of Organizational Behaviour And Human Resource Management)	$371,558	$0	$0
William Strange (Professor Of Economic Analysis And Policy)	$345,555	$0	$0
John Hull (Professor Of Finance)	$336,771	$0	$0
Lisa Becker (Chief Operating Officer, Chief Compliance Officer, University Of Toronto Asset Management Corporatio)	$328,823	$0	$0
Lionel Trevor Young (Professor, Psychiatry And Dean)	$320,344	$0	$0
Cristina Amon (Professor Of Mechanical And Industrial Engineering)	$310,195	$0	$0
Edward Sargent (Vice President, International, Professor Of Electrical And Computer Engineering, Canada Research Cou)	$290,929	$0	$0
Charles O'reilly (Head Of Public Equities, Investments, University Of Toronto Asset Management Corporation)	$285,891	$0	$0
Cheryl Regehr (Presidential Appointee, Vice President And Provost)	$280,470	$0	$0
David Palmer (Vice President, Advancement)	$279,127	$0	$0
Wisdom Tettey (Presidential Appointee, Vice President And Principal)	$277,980	$0	$0
Vivek Goel (Vice President, Research And Innovation, And Strategic Initiatives)	$277,771	$0	$0
Jan Mahrt Smith (Teaching Staff Governor)	$276,308	$0	$0
Edward Iacobucci (Professor Of Law And Dean, Faculty Of Law)	$276,091	$0	$0
David Estok (Vice President, Communications)	$259,396	$0	$0
Scott Mabury (Vice President, Operations And Real Estate Partnerships And Professor Of Chemistry)	$253,396	$0	$0
Janice Stein (University Professor Of Political Science And Harrowston Professor Of Conflict Management And Negoti)	$247,520	$0	$0
Kelly Hannah Moffat (Vice President, Human Resources And Equity)	$234,053	$0	$0
Sheila Brown (Chief Financial Officer)	$233,460	$0	$0
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990

Filed on March 8, 2021

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending April
2019

Revenue

$2,730,190,000

Expenses

$2,346,611,000

Net Income

$383,579,000

Net Assets

$4,902,164,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$997,151,000	36.5%
Program Services	$1,418,799,000	52.0%
Investment Income	$155,492,000	5.7%
Bond Proceeds	$0
Royalties	$1,940,000	0.1%
Rental Property Income	$10,664,000	0.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$146,144,000	5.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,611,000	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,107,251,000	47.2%

Assets/Debt
Total Assets	$7,898,729,000
Total Liabilities	$2,996,565,000
Net Assets	$4,902,164,000

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Daren Smith (President And Chief Investment Officer, University Of Toronto Asset Management Corporation)	$752,181	$0	$0
Meric Gertler (President, University Of Toronto)	$415,538	$0	$0
Brian Golden (Professor Of Strategic Management)	$375,078	$0	$0
William Mitchell (Professor Of Strategic Management)	$368,328	$0	$0
Charles O'reilly (Head Of Public Equities, Investments, University Of Toronto Asset Management Corporation)	$363,584	$0	$0
Mihnea Moldoveanu (Vice Dean, Learning And Innovation And Professor Of Economic Analysis And Policy)	$360,537	$0	$0
David Palmer (Vice President, Advancement)	$360,211	$0	$0
Glen Whyte (Professor Of Organizational Behaviour And Human Resource Management)	$357,980	$0	$0
John Hull (Professor Of Finance)	$355,834	$0	$0
William Strange (Professor Of Economic Analysis And Policy)	$341,267	$0	$0
Cristina Amon (Professor And Dean, Faculty Of Applied Science And Engineering)	$339,647	$0	$0
Peter Pauly (Professor Of Economic Analysis And Policy)	$323,802	$0	$0
Joel Baum (Professor Of Strategic Management)	$322,421	$0	$0
Lionel Trevor Young (Professor, Psychiatry And Dean)	$318,881	$0	$0
Tiff Macklem (Dean, Rotman School Of Management)	$314,459	$0	$0
Varouj Aivazian (Professor Of Economics)	$290,178	$0	$0
Edward Sargent (Vice President, Professor Of Electrical And Computer Engineering)	$288,002	$0	$0
Cheryl Regehr (Vice President And Provost)	$284,117	$0	$0
Vivek Goel (Vice President, Research And Innovation)	$281,506	$0	$0
Edward Iacobucci (Professor Of Law And Dean, Faculty Of Law)	$274,267	$0	$0
Jan Mahrt Smith (Academic Director, Full Time Masters Of Business Administration And Professor Of Finance)	$255,541	$0	$0
David Estok (Vice President, Communications)	$251,866	$0	$0
Angela Hildyard (Special Advisor To The President And Provost)	$250,674	$0	$0
Janice Stein (Professor, Political Science; Professor, Conflict Management And Negotiation)	$243,996	$0	$0
Scott Mabury (Vice President, University Operations And Professor Of Chemistry)	$233,626	$0	$0
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990

Filed on March 9, 2020

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending April
2018

Revenue

$2,635,200,000

Expenses

$2,272,601,000

Net Income

$362,599,000

Net Assets

$4,635,483,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$995,396,000	37.8%
Program Services	$1,338,444,000	50.8%
Investment Income	$140,588,000	5.3%
Bond Proceeds	$0
Royalties	$2,640,000	0.1%
Rental Property Income	$9,809,000	0.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$148,323,000	5.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$10,732,000	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,075,111,000	47.3%

Assets/Debt
Total Assets	$7,716,936,000
Total Liabilities	$3,081,453,000
Net Assets	$4,635,483,000

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Daren Smith (President And Chief Investment Officer, University Of Toronto Asset Management Corporation)	$730,499	$0	$0
Adrian Hussey (Managing Director, Portfolio And Risk Analysis, University Of Toronto Asset Management Corporation)	$389,344	$0	$0
Meric Gertler (President, University Of Toronto)	$386,681	$0	$0
David Palmer (Vice President, Advancement)	$369,920	$0	$0
Mihnea Moldoveanu (Vice Dean, Learning And Innovation And Professor Of Business Economics)	$364,844	$0	$0
John Hull (Professor Of Finance)	$362,953	$0	$0
Peter Christoffersen (Professor Of Finance)	$356,909	$0	$0
Brian Golden (Vice Dean, Professional Programs And Professor Of Strategic Management)	$354,699	$0	$0
William Mitchell (Professor Of Strategic Management)	$351,955	$0	$0
Glen Whyte (Professor Of Organizational Behaviour And Human Resource Management)	$350,979	$0	$0
William Strange (Professor Of Economic Analysis And Policy)	$345,470	$0	$0
Varouj Aivazian (Professor Of Economics)	$344,184	$0	$0
Cristina Amon (Professor And Dean, Faculty Of Applied Science And Engineering)	$330,556	$0	$0
Peter Pauly (Professor Of Economic Analysis And Policy)	$328,216	$0	$0
Joel Baum (Professor Of Strategic Management)	$327,074	$0	$0
Lionel Trevor Young (Professor, Psychiatry And Dean)	$320,416	$0	$0
Tiff Macklem (Dean, Rotman School Of Management)	$317,452	$0	$0
Howard Hu (Professor And Dean, Dalla Lana School Of Public Health)	$312,105	$0	$0
Edward Sargent (Vice President, International, Professor Of Electrical And Computer Engineering, Crc Chair)	$310,873	$0	$0
Cheryl Regehr (Vice President And Provost)	$291,477	$0	$0
Vivek Goel (Vice President, Research And Innovation)	$288,950	$0	$0
Judith Wolfson (Presidential Special Advisor)	$286,133	$0	$0
Edward Iacobucci (Professor Of Law And Dean, Faculty Of Law)	$280,799	$0	$0
Jan Mahrt Smith (Academic Director, Full Time Masters Of Business Administration And Professor Of Finance)	$280,191	$0	$0
David Estok (Vice President, Communications)	$254,269	$0	$0
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990

Filed on March 4, 2019

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending April
2017

Revenue

$2,444,513,000

Expenses

$2,127,662,000

Net Income

$316,851,000

Net Assets

$4,147,369,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$942,559,000	38.6%
Program Services	$1,185,623,000	48.5%
Investment Income	$167,743,000	6.9%
Bond Proceeds	$0
Royalties	$4,663,000	0.2%
Rental Property Income	$8,463,000	0.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$135,462,000	5.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$11,074,000	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$992,973,000	46.7%

Assets/Debt
Total Assets	$6,996,361,000
Total Liabilities	$2,848,992,000
Net Assets	$4,147,369,000

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
William Moriarty (President And Chief Executive Officer, University Of Toronto Asset Management Corporation)	$795,108	$0	$0
Daren Smith (President And Chief Investment Officer, University Of Toronto Asset Management Corporation)	$389,679	$0	$0
Glen Whyte (Professor Of Organizational Behaviour And Human Resource Management)	$384,125	$0	$0
Meric Gertler (President, University Of Toronto)	$376,475	$0	$0
David Palmer (Vice President, Advancement)	$361,249	$0	$0
Mihnea Moldoveanu (Vice Dean, Learning And Innovation And Professor Of Business Economics)	$356,555	$0	$0
Brian Golden (Vice Dean, Professional Programs And Professor Of Strategic Management)	$353,428	$0	$0
William Strange (Professor Of Business Economics)	$338,377	$0	$0
John Hull (Professor Of Finance)	$333,650	$0	$0
Joel Baum (Professor Of Strategic Management)	$328,141	$0	$0
Peter Pauly (Professor Of Business Economics)	$323,194	$0	$0
Varouj Aivazian (Professor Of Economics)	$319,646	$0	$0
Jan Mahrt Smith (Academic Director, Full Time Masters Of Business Administration And Professor Of Finance)	$313,921	$0	$0
Lionel Trevor Young (Professor, Psychiatry And Dean)	$308,621	$0	$0
Tiff Macklem (Dean, Rotman School Of Management)	$305,741	$0	$0
Cristina Amon (Professor And Dean, Faculty Of Applied Science And Engineering)	$305,529	$0	$0
Howard Hu (Professor And Dean, Dalla Lana School Of Public Health)	$304,556	$0	$0
Cheryl Misak (Professor Of Philosophy)	$301,876	$0	$0
Adrian Hussey (Managing Director, Portfolio And Risk Analysis, University Of Toronto Asset Management Corporation)	$295,271	$0	$0
Cameron Richards (Managing Director, Investment Strategy And Co Chief Investment Officer, Utam Corporation)	$291,739	$0	$0
C David Naylor (Professor Of Medicine)	$289,044	$0	$0
Vivek Goel (Vice President, Research And Innovation)	$284,762	$0	$0
Cheryl Regehr (Vice President And Provost)	$283,903	$0	$0
Judith Wolfson (Vice President, International, Government And Institutional Relations)	$282,947	$0	$0
Edward Iacobucci (Professor Of Law And Dean, Faculty Of Law)	$270,952	$0	$0
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990

Filed on March 13, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending April
2016

Revenue

$2,210,887,000

Expenses

$2,050,809,000

Net Income

$160,078,000

Net Assets

$3,305,166,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$924,101,000	41.8%
Program Services	$1,072,434,000	48.5%
Investment Income	$82,930,000	3.8%
Bond Proceeds	$0
Royalties	$1,378,000	0.1%
Rental Property Income	$7,821,000	0.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$122,223,000	5.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$10,932,000	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$951,177,000	46.4%

Assets/Debt
Total Assets	$6,408,769,000
Total Liabilities	$3,103,603,000
Net Assets	$3,305,166,000

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
William Moriarty (President And Chief Executive Officer, University Of Toronto Asset Management Corporation)	$1,121,214	$0	$0
Cameron Richards (Managing Director, Investment Strategy & Co Chief Investment Officer, Utam)	$540,016	$0	$0
Daren Smith (Managing Director, Manager Selection And Portfolio Construction, Utam)	$527,495	$0	$0
Adrian Hussey (Managing Director, Portfolio And Risk Analysis, Utam)	$416,478	$0	$0
Meric Gertler (Ex Officio)	$375,836	$0	$0
John Hsu (Chief Operating Officer, University Of Toronto Asset Management Corporation)	$367,392	$0	$0
Mihnea Moldoveanu (Vice Dean, Learning And Innovation And Professor Of Business Economics)	$350,664	$0	$0
Thomas Mc Curdy (Director, Financial Research And Trading Laboratory And Professor Of Finance)	$338,380	$0	$0
Glen Whyte (Professor Of Organizational Behavior)	$334,663	$0	$0
Joel Baum (Associate Dean Faculty, Professor Of Strategic Management)	$327,139	$0	$0
Peter Pauly (Professor Of Business Economics)	$317,124	$0	$0
William Strange (Professor Of Business Economics)	$316,761	$0	$0
Varouj Aivazian (Professor Of Economics)	$312,637	$0	$0
Lionel Trevor Young (Dean, Faculty Of Medicine And Vice Provost, Relations With Health Care Institutions)	$308,638	$0	$0
Roger Martin (Director, Martin Prosperity Institute And Professor Strategic Management)	$306,752	$0	$0
Howard Hu (Professor And Dean, Dalla Lana School Of Public Health)	$306,015	$0	$0
Tiff Macklem (Dean, Rotman School Of Management)	$305,091	$0	$0
C David Naylor (Professor Of Medicine)	$305,012	$0	$0
Cristina Amon (Professor And Dean, Faculty Of Applied Science And Engineering)	$304,948	$0	$0
John Hull (Professor Of Finance)	$302,272	$0	$0
Judith Wolfson (Vice President, International, Government And Institutional Relations)	$287,641	$0	$0
Cheryl Regehr (Presidential Appointees)	$282,672	$0	$0
Cheryl Misak (Professor Of Philosophy)	$279,488	$0	$0
David Palmer (Vice President, Advancement)	$278,746	$0	$0
Hargurdeep Saini (Presidential Appointees)	$270,853	$0	$0
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990

Filed on March 8, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending April
2015

Revenue

$2,470,239,000

Expenses

$2,219,842,000

Net Income

$250,397,000

Net Assets

$3,807,037,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,051,379,000	42.6%
Program Services	$1,106,911,000	44.8%
Investment Income	$166,848,000	6.8%
Bond Proceeds	$0
Royalties	$1,702,000	0.1%
Rental Property Income	$8,226,000	0.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$135,173,000	5.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$11,108,000	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,057,621,000	47.6%

Assets/Debt
Total Assets	$7,149,492,000
Total Liabilities	$3,342,455,000
Net Assets	$3,807,037,000

Operated a donor-advised fund

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
William Moriarty (President And Chief Executive Officer, University Of Toronto Asset Management Corporation)	$817,222	$0	$0
Cameron Richards (Managing Director, Investment Strategy & Co Chief Investment Officer)	$430,925	$0	$0
Varouj Aivazian (Professor Of Economics)	$412,808	$0	$0
Mihnea Moldoveanu (Associate Dean, Masters Of Business Administration Program)	$388,791	$0	$0
Glen Whyte (Professor Of Organizational Behavior)	$386,571	$0	$0
Meric Gertler (Ex Officio)	$385,730	$0	$0
Joel Baum (Associate Dean Faculty, Professor Of Strategic Management)	$382,690	$0	$0
Catharine Isobel Whiteside (Professor, Medicine, Dean, Faculty Of Medicine)	$352,239	$0	$0
Howard Hu (Professor And Dean, Dalla Lana School Of Public Health)	$351,862	$0	$0
Roger Martin (Director, Martin Prosperity Institute And Professor Strategic Management)	$349,456	$0	$0
Cristina Amon (Professor And Dean, Faculty Of Applied Science And Engineering)	$349,317	$0	$0
C David Naylor (Professor Of Medicine)	$344,808	$0	$0
Judith Wolfson (Vice President, International, Government And Institutional Relations)	$329,426	$0	$0
David Palmer (Vice President, Advancement)	$319,131	$0	$0
Hargurdeep Saini (Presidential Appointees)	$301,035	$0	$0
Angela Hildyard (Vice President Human Resources And Equity)	$287,323	$0	$0
Cheryl Regehr (Presidential Appointees)	$282,235	$0	$0
Jane Gaskell (Professor Of Education)	$279,715	$0	$0
Edward Iacobucci (Teaching Staff)	$278,766	$0	$0
Avrum Gotlieb (Teaching Staff)	$276,352	$0	$0
Janice Stein (Teaching Staff)	$274,180	$0	$0
Scott Mabury (Vice President, University Operations And Professor Of Chemistry)	$267,622	$0	$0
Arthur S Ripstein (Professor Of Law And Cross Appointed To Philosophy)	$261,267	$0	$0
Daniel Haas (Professor And Dean Of Dentistry)	$260,227	$0	$0
R Paul Young (Vice President, Research And Innovation)	$253,593	$0	$0
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990

Filed on Dec. 11, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending April
2014

Revenue

$2,547,551,000

Expenses

$2,355,523,000

Net Income

$192,028,000

Net Assets

$3,666,243,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,123,737,000	44.1%
Program Services	$1,086,605,000	42.7%
Investment Income	$167,859,000	6.6%
Bond Proceeds	$0
Royalties	$9,513,000	0.4%
Rental Property Income	$7,678,000	0.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$152,159,000	6.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$9,868,000	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,103,922,000	46.9%

Assets/Debt
Total Assets	$7,220,178,000
Total Liabilities	$3,553,935,000
Net Assets	$3,666,243,000

Operated a donor-advised fund

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
William Moriarty (President And Chief Executive Officer, University Of Toronto Asset Management Corporation)	$727,919	$0	$0
Kent Womack (Professor Of Finance)	$426,413	$0	$0
Mihnea Michael Moldoveanu (Associate Dean, Masters Of Business Administration Program)	$415,684	$0	$0
Peter Pauly (Vice Dean, Academic, Rotman School Of Management)	$401,313	$0	$0
Joel Baum (Associate Dean Faculty, Professor Of Strategic Management)	$397,121	$0	$0
Cristina Amon (Professor And Dean, Faculty Of Applied Science And Engineering)	$383,031	$0	$0
Catharine Isobel Whiteside (Professor, Medicine, Dean, Faculty Of Medicine)	$380,580	$0	$0
Roger Martin (Dean, Rotman School Of Management)	$377,543	$0	$0
Howard Hu (Professor And Dean, Dalla Lana School Of Public Health)	$377,338	$0	$0
Judith Wolfson (Vice President, University Relations)	$355,932	$0	$0
David Palmer (Vice President, Advancement)	$345,513	$0	$0
Meric Gertler (Ex Officio)	$333,345	$0	$0
Avrum Gotlieb (Teaching Staff)	$328,797	$0	$0
Hargurdeep Saini (Presidential Appointees)	$325,377	$0	$0
Franco Vaccarino (Professor Of Psychology; Vice President And Principal University Of Toronto At Scarborough)	$313,696	$0	$0
Angela Hildyard (Vice President Human Resources And Equity)	$303,231	$0	$0
Edward Iacobucci (Teaching Staff)	$295,617	$0	$0
Scott Mabury (Vice President, University Operations)	$289,155	$0	$0
Daniel Haas (Professor And Dean Of Dentistry)	$281,165	$0	$0
R Paul Young (Vice President, Research And Innovation)	$279,637	$0	$0
Mayo Moran (Professor And Dean, Faculty Of Law)	$273,856	$0	$0
Janice Stein (Teaching Staff)	$270,943	$0	$0
Seamus Ross (Professor And Dean Of Information)	$266,943	$0	$0
Don Mclean (Dean And Professor Of Music)	$254,845	$0	$0
Julia Osullivan (Professor Of Education And Dean, Ontario Institute For Studies In Education)	$240,557	$0	$0
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990

Filed on Dec. 11, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending April
2013

Revenue

$2,684,626,000

Expenses

$2,389,946,000

Net Income

$294,680,000

Net Assets

$2,988,242,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,226,253,000	45.7%
Program Services	$1,060,639,000	39.5%
Investment Income	$238,071,000	8.9%
Bond Proceeds	$0
Royalties	$2,126,000	0.1%
Rental Property Income	$7,886,000	0.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$149,651,000	5.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$10,815,000	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,126,302,000	47.1%

Assets/Debt
Total Assets	$7,319,262,000
Total Liabilities	$4,331,020,000
Net Assets	$2,988,242,000

990

Filed on Jan. 8, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending April
2012

Revenue

$2,386,402,000

Expenses

$2,437,873,000

Net Income

-$51,471,000

Net Assets

$1,844,892,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,217,065,000	51.0%
Program Services	$959,711,000	40.2%
Investment Income	$59,138,000	2.5%
Bond Proceeds	$0
Royalties	$1,190,000	0.0%
Rental Property Income	$7,065,000	0.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$142,233,000	6.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$10,459,000	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,109,671,000	45.5%

Assets/Debt
Total Assets	$4,880,159,000
Total Liabilities	$3,035,267,000
Net Assets	$1,844,892,000

990

Primary tax return for a nonprofit’s activities, finances, and governance

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending April
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated October 30, 2024

Governing Council Of The University Of Toronto

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $3.21B (2023)

Expenses $2.8B (2023)

Total Assets $10.3B (2023)

Total Liabilities $3.49B (2023)

Tax Filings by Year

Fiscal Year Ending April 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending April 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending April 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending April 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending April 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending April 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending April 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending April 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending April 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending April 2014

Revenue

$3.21B (2023)

Expenses

$2.8B (2023)

Total Assets

$10.3B (2023)

Total Liabilities

$3.49B (2023)

Fiscal Year Ending April
2023

Fiscal Year Ending April
2022

Fiscal Year Ending April
2021

Fiscal Year Ending April
2020

Fiscal Year Ending April
2019

Fiscal Year Ending April
2018

Fiscal Year Ending April
2017

Fiscal Year Ending April
2016

Fiscal Year Ending April
2015

Fiscal Year Ending April
2014

Fiscal Year Ending April
2013

Fiscal Year Ending April
2012

Fiscal Year Ending April
2011

Fiscal Year Ending April
2010

Fiscal Year Ending April
2009

Fiscal Year Ending April
2008

Fiscal Year Ending April
2007

Fiscal Year Ending April
2006

Fiscal Year Ending April
2005

Fiscal Year Ending April
2004

Fiscal Year Ending April
2003

Fiscal Year Ending April
2002

Fiscal Year Ending April
2001