The Governing Council of the University of Toronto is a 501(c)(3) educational organization and the governing body of the University of Toronto, an internationally recognized public research university located in Toronto, Ontario, Canada. The organization was established in 1827 and has maintained tax-exempt status since January 1954.
Key facts about Governing Council of the University of Toronto
- EIN
- 98-6001141
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,721,000
- Grants made (2025)
- 17
- Average grant
- $101,235
- Median grant
- $50,000
- Total assets
- $11,185,048,000
- Primary geography
- North Carolina (31% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Governing Council of the University of Toronto funds
By grant dollars, the top recipient states for Governing Council of the University of Toronto's 17 itemized 2025 grants were North Carolina (31%), Massachusetts (16%) and Minnesota (12%). None of its 17 grants with a stated purpose were described as general or operating support. Recurring purposes include "Research" (17 grants).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$11.2B
+3.8% YoY
Annual Giving
$1.7M
-30.3% YoY
Grant Count
17
-15.0% YoY
Avg Grant Size
$101K
-18.0% YoY
Mission & Focus Areas
The University of Toronto's vision is to be a leader among the world's best public universities in its discovery, preservation, and sharing of knowledge through teaching and research, with a commitment to excellence and equity. The organization fosters a dynamic and equitable learning environment that enables students and faculty to explore new ideas and make groundbreaking discoveries.
Primary program areas include:
- Credit Courses (Total Enrollment: 99,794)
- Ancillary Operations
- Sponsored Research
- Other program services
Grantmaking
The Governing Council makes research grants to other institutions. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
The organization's grant-making focuses primarily on Texas, New York, and North Carolina, though it operates as a Canadian institution.
Grant Distribution by State
Share of all 17 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $10,772,193,000
- Total Revenue: $3,393,422,000
- Total Expenses: $3,022,353,000
- Total Liabilities: $3,490,000,000 (as of 2023)
- Total Giving: $342,675,000
The organization maintains strong financial health with a 96% rating for accountability and finance.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $11,185,048,000 | $10,772,193,000 | $10,285,716,000 |
| Revenue | $3,486,918,000 | $3,393,422,000 | $3,214,233,000 |
| Expenses | $3,115,293,000 | $3,022,353,000 | $2,799,769,000 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $422,879,000 | $370,194,000 | $234,430,000 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
91 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include The University of North Carolina at Chapel Hill ($489,000), Trustees Of Boston University ($280,000), Regents of University of Minnesota ($206,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The University of North Carolina at Chapel Hill Chapel Hill, NC | Research | $489,000 |
| Trustees Of Boston University Boston, MA | Research | $280,000 |
| Regents of University of Minnesota Minneeapolis, MN | Research | $206,000 |
| Rutgers the State University of New Jersey Piscataway, NJ | Research | $170,000 |
| Regents of the University of California San Francisco San Francisco, CA | Research | $156,000 |
| University of Michigan Ann Arbor, MI | Research | $142,000 |
| UT Southwestern Medical Center Dallas, TX | Research | $61,000 |
| Board of Regents NSHE Reno, NV | Research | $59,000 |
| Duke University Durham, NC | Research | $50,000 |
| Yale University New Haven, CT | Research | $18,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Alan Aspuru-Guzik | Professor of Chemistry and Computer Science | 36.25 | $507,085 |
| Meric Gertler | Ex Officio, President, University of Toronto | 36.25 | $454,771 |
| David Goldreich | Professor of Finance | 36.25 | $397,088 |
| Mikhail Simutin | Associate Professor of Finance | 36.25 | $394,656 |
| Brian Golden | Professor of Strategic Management | 36.25 | $376,603 |
| William Strange | Professor of Economic Analysis and Policy | 36.25 | $375,892 |
| Susan Christoffersen | Professor of Finance | 36.25 | $370,311 |
| Brian Silverman | Professor of Strategic Management | 36.25 | $369,438 |
| Wei-Yi Scott Liao | Professor of Accounting | 36.25 | $368,459 |
| Mihnea Moldoveanu | Professor of Economic Analysis and Policy | 36.25 | $363,806 |
| Alexander Dyck | Professor of Finance | 36.25 | $363,580 |
| Glen Whyte | Professor of Organizational Behaviour and Human Resource Management | 36.25 | $361,122 |
| Craig Andrew Doidge | Professor of Finance | 36.25 | $359,798 |
| David Palmer | Vice-President Advancement | 36.25 | $358,110 |
| Lionel Trevor Young | Presidential Appointee, Professor, Psychiatry and Dean, Temerty Faculty of Medicine | 36.25 | $357,585 |
| John Hull | Professor of Finance | 36.25 | $355,085 |
| Joel Baum | Professor of Strategic Management | 36.25 | $347,150 |
| Cheryl Regehr | Professor, Factor-Inwentash Faculty of Social Work | 36.25 | $346,957 |
| Leah Cowen | Vice-President, Research and Innovation, and Strategic Initiatives; Professor, Molecular Genetics | 36.25 | $324,573 |
| Scott Mabury | Vice-President, Operations and Real Estate Partnerships; Professor of Environmental Chemistry | 36.25 | $320,996 |
| Kelly Hannah-Moffat | Vice-President, People Strategy, Equity and Culture; Professor Criminology and Sociolegal Studies | 36.25 | $320,904 |
| Jan Mahrt-Smith | Associate Professor of Finance | 36.25 | $317,769 |
| Joseph Wong | Vice-President, International; Professor, Political Science | 36.25 | $277,920 |
| Alexandra Gillespie | Vice-President; Principal, University of Toronto Mississauga; Professor, Dep of English and Drama | 36.25 | $261,323 |
| Wisdom Tettey | Professor of Political Science | 36.25 | $254,314 |
| Christine Szustaczek | Vice-President, Communications | 36.25 | $252,774 |
| Trevor Rodgers | Chief Financial Officer | 36.25 | $248,416 |
| Linda Johnston | Presidential Appointee, Vice-President, Research and Innovation; Professor, Molecular Genetics | 36.25 | $246,127 |
| Mark Lautens | Professor of Chemistry, Astra Zeneca Chair in Organic Synthesis, Chair in Chemsitry | 36.25 | $240,839 |
| Avrum Gotlieb | Professor, Laboratory Medicine and Pathobiology | 36.25 | $239,553 |
| Alex Mihailidis | Associate Vice President, International Partnerships, Assoc Prof, Occupational Science and Therapy | 36.25 | $236,049 |
| Ramy Elitzur | Professor of Accounting | 36.25 | $231,243 |
| Roselle Drummond | Secretary of the Governing Council | 36.25 | $230,450 |
| Ron Levi | Professor Global Affairs and Sociology, Associate Director Munk School, Special Advisor | 36.25 | $213,282 |
| David Zingg | Professor of Aerospace Studies | 36.25 | $209,369 |
| Shashi Kant | Professor, Institute for Management and Innovation | 36.25 | $191,051 |
| Donald Ainslie | Professor of Philosophy | 36.25 | $182,664 |
| Nicholas Terpstra | Professor of History and Interim Chair of Italian Studies | 36.25 | $179,710 |
| Douglas McDougall | Professor of Education | 36.25 | $178,548 |
| Stark Draper | Professor of Electrical and Computer Engineering and Vice-Dean, Research | 36.25 | $175,478 |
| Ernest Lam | Professor of Dentistry and Associate Dean Graduate Education | 36.25 | $162,559 |
| Vina Goghari | Professor of Psychology and Vice-Dean, Research and Program Innovation | 36.25 | $158,570 |
| Rhonda Mcewen | Professor, Institute of Communication, Culture, Information and Technology, President, Victoria Univ | 36.25 | $157,441 |
| Nhung Tran | Associate Professor of History | 36.25 | $150,619 |
| Paul Kingston | Professor of Political Science | 36.25 | $146,140 |
| Laurent Bozec | Professor of Dentistry | 36.25 | $142,297 |
| Andrew Petersen | Professor, Teaching Stream, Department of Mathematical and Computational Sciences | 36.25 | $137,397 |
| Aarthi Ashok | Professor, Teaching Stream of Biological Sciences | 36.25 | $132,104 |
| Vikram Chadalawada | Director, Student Life Information Technology Strategy, Innovations, and Digital Transformation | 36.25 | $128,693 |
| Sotirios Damouras | Professor, Teaching Stream of Computer and Mathematical Sciences | 36.25 | $115,272 |
| Sarosh Jamal | Development and Operations Administrator | 36.25 | $106,863 |
| Glen Bandiera | Associate Dean, PGME | 36.25 | $64,470 |
| K Sonu Gaind | Clincian Teacher | 36.25 | $64,470 |
| Audrey Karlinsky | Clincian Teacher | 36.25 | $64,470 |
| Sharleen Ahmed | Government Appointee | 1 | — |
| Janet Cloud | Government Appointee | 1 | — |
| Robert Cooper | Government Appointee | 1 | — |
| Ann Curran | Government Appointee | 1 | — |
| Samuel Elfassy | Government Appointee | 1 | — |
| Sandra Hanington | Government Appointee, Vice-Chair | 1 | — |
| Maureen Harquail | Government Appointee | 1 | — |
| Thomas Hofmann | Government Appointee | 1 | — |
| David Jacobs | Government Appointee, Chair | 1 | — |
| Anna Kennedy | Government Appointee | 1 | — |
| Kikelomo Lawal | Government Appointee | 1 | — |
| Rajiv Mathur | Government Appointee | 1 | — |
| Joanne McNamara | Government Appointee | 1 | — |
| Danielle Skipp | Government Appointee | 1 | — |
| Mary-Agnes Wilson | Government Appointee | 1 | — |
| Wesley Hall | Ex Officio, Chancellor | 1 | — |
| Amanda Bartley | Alumni | 1 | — |
| Mathangi Gopinathan | Alumni | 1 | — |
| Paul Huyer | Alumni | 1 | — |
| Richard MacKendrick | Alumni | 1 | — |
| Brian Madden | Alumni | 1 | — |
| Eha Naylor | Alumni | 1 | — |
| Grace Westcott | Alumni | 1 | — |
| Geeta Yadav | Alumni | 1 | — |
| Luca Calabretta | Undergraduate Student | 1 | — |
| Liam Dravid | Undergraduate Student | 1 | — |
| Ankita Goyat | Undergraduate Student | 1 | — |
| Cameron Miranda-Radbord | Undergraduate Student | 1 | — |
| Jovan Bursac | Graduate Student | 1 | — |
| William Verreault | Graduate Student | 1 | — |
| Akina Lalla | Part-Time Undergraduate Student | 1 | — |
| Maya Povhe | Part-Time Undergraduate Student | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Governing Council of the University of Toronto fund?
The University of Toronto's vision is to be a leader among the world's best public universities in its discovery, preservation, and sharing of knowledge through teaching and research, with a commitment to excellence and equity. The organization fosters a dynamic and equitable learning environment that enables students and faculty to explore new ideas and make groundbreaking discoveries. Primary program areas include: • Credit Courses (Total Enrollment: 99,794) • Ancillary Operations • Sponsored…
How do I apply for a grant from Governing Council of the University of Toronto?
The Governing Council makes research grants to other institutions. Recent grant activity includes: | Grantee | Grant Description | Grant Year | Amount | | --- | --- | --- | --- | | Trustees of Boston University | Research | 2024-04 | $403,000 | | University of California San Francisco / UCSF Payroll Office | Research | 2024-04 | $369,000 | | The Board of Trustees of the University of Illinois | Research | 2024-04 | $303,000 | Total giving in 2024 was $342,675,000. Grant amounts typically range …
Where does Governing Council of the University of Toronto make grants?
The organization's grant-making focuses primarily on Texas, New York, and North Carolina, though it operates as a Canadian institution.
What size grants does Governing Council of the University of Toronto award?
In 2025, Governing Council of the University of Toronto awarded 17 grants totaling $1.7M — an average of about $101K per grant, based on its IRS Form 990 filings.
What is Governing Council of the University of Toronto's EIN?
Governing Council of the University of Toronto's EIN (Employer Identification Number) is 98-6001141. IRS Form 990 filing data is available on this page for 2019–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.