Board of Directors
TAF is governed by an 11-member board. Three of these members are City Councillors at the City of Toronto and eight are citizen members appointed through the City of Toronto’s public appointments process. TAF has been fortunate to have attracted a wide range of experience and expertise to our board, including investment specialists, energy experts and community engagement professionals. The board meets four times a year and board meetings are open to the public (but may include in-camera sessions).
TAF board meeting minutes can be found online.
Members:
- Chair: Parminder Sandhu
- Treasurer: Kimberly Marshall
- Secretary: Graysanne Bedell, Retired Lawyer, Independent Director
- Antoine Belaieff, Lead, North America at FAIRTIQ
- Shelley Carroll, City Councillor at City of Toronto
- Andrew Dooner, Partner at Strategy&, part of the PwC Network
- Stuart Galloway, CEO at Energy Services Association Canada
- Nick Mantas, City Councillor at City of Toronto
- Wayne Miranda, Founder and CEO, Growth Mosaic
- Jean Olemou, Co-Founder and Principal at GreenDev Inc.
- Dianne Saxe, City Councillor at City of Toronto
Legal Counsel: Gardiner Roberts
Auditors: Welch, LLP
Various standing committees assist the Board of Directors. The members of each committee are appointed by the board. Minutes for each committee’s meetings are submitted to the board and can be found online.
Grants and Programs Committee
The Grants and Programs Committee directs TAF’s granting and social mobilization efforts, reviews incubation program goals and outcomes and provides strategic advice. We are fortunate to have members with expertise in community engagement, energy efficiency, sustainable buildings, energy policy, and greenhouse gas emissions quantification and community engagement.
Members:
- Chair: Antoine Belaieff, Lead, North America at FAIRTIQ
- Nicola Crawhall, CEO, Canadian Water Network
- Corey Diamond, Executive Director at Efficiency Canada
- Tamar Heisler, Energy policy and public affairs professional
- Erika Lontoc, DSM Partnerships Manager at Enbridge
- Wayne Miranda, Founder and CEO, Growth Mosaic
- Ryan Ness, Adaptation Research Director at the Canadian Institute for Climate Choices
- Sandra Odendahl, Senior Vice President & Head of Sustainability and Diversity at BDC
The committee’s responsibilities include:
- Periodically reviewing TAF’s grants and special project policies and procedures
- Screening and evaluating grants and program proposals and submitting funding recommendations to the Board of Directors
- Monitoring the progress of successful grants as well as TAF programs
- Providing guidance and advice to the board and TAF staff, as required
Direct Investment Committee
Members:
- Chair: Kimberly Marshall
- Graysanne Bedell, Retired Lawyer, Independent Director
- Michael LeClair, Founder and CEO at GML Legacy Corp.
- Bernie Li, Investor and Advisor
- Graham McBride, Independent Investor and Strategist
- Stephen Simpson, Partner at Instar Asset Management
The committee’s responsibilities include:
- to consider any applications for financing of Direct Investments and to recommend to the Board any investment along with any terms and conditions that may be necessary in keeping with prudent investing;
- to ensure that the conditions of investment established by the Board are duly implemented before investments are advanced;
- to establish appropriate benchmarks, and to monitor the performance of Direct Investments against these benchmarks and their compliance with the Statement of Investment Objectives and Principles
Investment Committee
The Investment Committee oversees both management of TAF’s endowment and mandate-related investments (loans and equity investments in enterprises that can deliver emission reductions). The committee members have a wealth of investment and legal expertise and provide recommendations to the TAF board on all investment decisions.
Members:
- Chair: Jean Olemou, Co-Founder and Principal at GreenDev Inc.
- Shelley Carroll, City Councillor at City of Toronto
- Bill Crossland, President and CEO at Thermal Energy International Inc.
- Jacoline Loewen, Director at UBS Bank (Canada) Wealth Management
- Terry Vaughan, Principal and Senior Consultant at Prime Quadrant
The committee’s responsibilities include:
- To review TAF’s Statement of Investment Objectives and Principles (“the SIOP”) at least annually, and formulate and recommend amendments to the Board as relevant;
- To select and advise the Board on the retention of external investment manager or managers;
- To select a third-party investment advisor and other advisors as necessary;
- To establish appropriate benchmarks, and to monitor the performance of each investment manager and of the total investment portfolio;
- To review the full portfolio’s compliance with the SIOP, including Direct Investments as reported by the Direct Investment Committee
Upcoming meetings
- January 23, 2023, 3 p.m., Grants and Programs Committee.
- January 24, 2023, 2 p.m., Direct Investment Committee.
- February 10, 2023, 9:30 a.m., Board of Directors.
- March 1, 2023, 2 p.m., Investment Committee.
- March 28, 2023, 2 p.m., Direct Investment Committee.
- April 4, 2023, Grants and Programs Committee.
- April 27, 2023, 9:30 a.m., Board of Directors.
- July 14, 2023, 9:30 a.m., Board of Directors.
- June 7, 2023, 2 p.m., Investment Committee.
- June 20, 2023, 2 p.m., Direct Investment Committee.
- September 13, 2023, 2 p.m., Investment Committee.
- October 17, 2023, 2 p.m., Direct Investment Committee.
- November 21, 2023, 9:30 a.m., Board of Directors.
- December 6, 2023, 2 p.m., Investment Committee.
Past meetings
- November 16, 2022, 2 p.m., Investment Committee.
- November 3, 2022, 9 a.m., Board of Directors. Minutes
- August 11, 2022, 9 a.m., Direct Investment Committee. Minutes
- July 13, 2022, 9 a.m., Board of Directors. Minutes
- May 25, 2022, 1 p.m., Board of Directors (special). Minutes
- April 27, 2022, 1 p.m., Board of Directors. Minutes
- February 14, 2022, 9 a.m., Board of Directors. Minutes
- November 5, 2021, 9 a.m., Board of Directors. Minutes
- October 8, 2021, 8 a.m., Grants and Programs Committee. Minutes
- June 18, 2021, 8 a.m., Grants and Programs Committee. Minutes
- June 17, 2021, 8:30 a.m., Investment Committee. Minutes
- July 9, 2021, 9 a.m., Board of Directors. Minutes
- June 4, 2021, Board of Directors. Minutes
- April 26, 2021, Board of Directors. Minutes
- April 7, 2021, Grants and Programs Committee. Minutes
- February 5, 2021, Board of Directors. Minutes
- February 4, 2021, Investment Committee. Minutes
- January 20, 2021, Investment Committee. Minutes
- December 10, 2020, Investment Committee. Minutes
- November 6, 2020, Board of Directors. Minutes
- October 2, 2020, Grants and Programs Committee. Minutes
- August 20, 2020, Investment Committee. Minutes
- July 27, 2020, Board of Directors. Minutes
- July 8, 2020, Investment Committee. Minutes
- July 6, 2020, Board of Directors. Minutes
- June 18, 2020, Investment Committee. Minutes
- May 25, 2020, Investment Committee. Minutes
- May 21, 2020, Board of Directors. Minutes
For older archives, visit the City of Toronto website