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Toronto Atmospheric Fund Board

The City of Toronto established the Toronto Atmospheric Fund (TAF, now also known as The Atmospheric Fund) in 1991 to advance local solutions for reducing greenhouse gas (GHG) and air pollution emissions. TAF helps the City achieve the targets set out in the Council-approved climate plan by providing grants to non-profit organizations and directly investing in GHG-reducing projects to support low carbon solutions. TAF-funded projects have generated financial savings and contributed to Toronto's emissions being 33% below 1990 levels. In 2016, the Province of Ontario provided TAF with a $17 million endowment allowing TAF to expand its mandate to the Greater Toronto and Hamilton Area. In 2020, the Government of Canada provided another $40 million endowment to accelerate climate action in collaboration with the Low-Carbon Cities Canada network, bringing TAF’s asset value to $90 million.

TAF is governed by the Toronto Atmospheric Fund ActOpens in new window and the Relationship Framework with the City of TorontoOpens in new window.

Board responsibilities

The board is responsible for:

  • Strategic guidance and approval of annual business plans and budgets
  • Fiduciary oversight and accountability for the three endowment funds totaling approximately $90 million
  • Approval of all investments and grants to community organizations in accordance with established policy, legislation and TAF’s mandate
  • Establishing committees to advise the board, including an Investment Committee and a Grants & Programs Committee; all Board members are encouraged to sit on at least one committee
  • Selection and evaluation of the chief executive

Term of Office

The term of office for public members is four years.

Board Composition

The board consists of 11 members and is composed of:

  • the Mayor or designate
  • 2 Members of Council
  • 8 public members, one of whom may be a non-Toronto resident that resides in the Greater Toronto and Hamilton area.

Qualifications

In addition to the general eligibility requirements set out in the Public Appointments Policy, board members should collectively have the following experience or knowledge:

  • understanding of TAF’s mandate and strategic opportunities for advancing urban low-carbon solutions and improving air quality, including: experience and knowledge of environmental affairs and other benefits associated with emission reduction
  • experience with grantmaking, whether through involvement with public or private foundations, community trusts, or government grant programs or via securing and managing grants
  • strategic planning expertise, including marketing and knowledge of demographic trends and behavioural science, and stakeholder engagement, which are key to program design, delivery, evaluation and continuous improvement
  • other professional expertise including legal and accounting which would support TAF's problem-solving, accountability and good governance

Meetings

The board meets approximately four times a year during weekday hours at City Hall. Committees of the board meet separately.

Remuneration

No remuneration is paid to board members.

Related links

Membership

The current and historical Appointments for this body.

11 Vacancy

Apply now

Apply by Friday, October 9, 2020 to be considered for appointment to the Toronto Atmospheric Fund Board. New terms end in 2023.