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
- Vice-Chair: Mike Layton, City Councillor at City of Toronto
- Treasurer: Kimberly Marshall
- Secretary: Graysanne Bedell, Retired Lawyer, Independent Director
- Antoine Belaieff, Lead, North America at FAIRTIQ
- Brad Bradford, City Councillor at City of Toronto
- 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
- Wayne Miranda, Founder and CEO, Growth Mosaic
- Jean Olemou, Co-Founder and Principal at GreenDev Inc.
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, Principal at Westbrook Public Affairs
- Corey Diamond, Executive Director at Efficiency Canada
- Andrew Dooner, Partner at Strategy&, part of the PwC Network
- Tamar Heisler, Director, Government and Industry Relations at Alectra Utilities
- Mike Layton, City Councillor at City of Toronto
- 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, Vice President, Social Impact and Sustainability at Scotiabank
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
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: Kimberly Marshall
- Kiki Anadu, Vice-President at PwC
- Graysanne Bedell, Retired Lawyer, Independent Director
- Shelley Carroll, City Councillor at City of Toronto
- Bill Crossland, President and CEO at Thermal Energy International Inc.
- Robert Eberschlag, Partner at WeirFoulds LLP
- Jason Kotler, Entrepreneur
- Michael LeClair, Founder and CEO at GML Legacy Corp.
- Bernie Li, Investor and Advisor
- Jacoline Loewen, Director at UBS Bank (Canada) Wealth Management
- Graham McBride, Independent Investor and Strategist
- Stephen Simpson, Partner at Instar Asset Management
- Terry Vaughan, Principal and Senior Consultant at Prime Quadrant
The committee’s responsibilities include:
- Selecting the investment manager(s) and any other agents or advisors needed to prudently manage the endowment
- Formulating and amending when necessary the Statement of Investment Objectives and Principles (SIOP), with consideration to TAF’s mandate and purpose of advancing solutions to climate change and air pollution, and reviewing the SIOP at least once per year
- Preparing and maintaining a Prohibited Securities List of companies whose securities cannot be held in the portfolio in keeping with the mandate and beliefs expressed in the SIOP
- Monitoring the investment manager(s) and any other agents or advisors with respect to investment performance and compliance with the SIOP
- Reviewing and advising on impact/direct investments and providing recommendations on those investments to the board
- Providing quarterly reports to the board on the performance of the endowment and any other aspects of asset management, which the Investment Committee deems appropriate or as requested by the board
Upcoming meetings
- November 5, 2021, 9 a.m., Board of Directors
- October 8, 2021, 8 a.m., Grants and Programs Committee
- September 29, 2021, 2:30 p.m., Investment Committee
- August 30, 2021, 2:30 p.m., Investment Committee
- June 18, 2021, 8 a.m., Grants and Programs Committee
- June 16, 2021, 8:30 a.m., Investment Committee
Past meetings
- 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