Agencies, Boards, Commissions and Corporations (ABCCs) > Financial / Administrative
Toronto Atmospheric Fund (TAF) Board of Directors
The Toronto Atmospheric Fund (TAF) was established in 1991 to assist the City of Toronto in meeting its goal of reducing greenhouse gas emissions. In 2000, TAF's mandate was expanded to include the promotion of better air quality.
TAF is governed by the Toronto Atmospheric Fund Act and the Relationship Framework with the City of Toronto.
TAF's mandate includes the promotion of global climate stabilization through the reduction of greenhouse gas emissions, local air quality, energy conservation and efficiency, public understanding of global warming and its implications for the urban environment, and related research and technology development.
Relationship Framework
A Council-approved Relationship Framework (PDF) sets out Council's delegation of authority, expectations and requirements for the Toronto Atmospheric Fund.
Board responsibilities
TAF manages a multi-million dollar endowment ($23 million contribution) from the City of Toronto and uses its investment revenue to provide loans and grants both to community organizations and to City programs to support activities related to TAF's mandate of improving air quality and energy conservation.
The duties of the TAF Board of Directors include:
- establishing Committees, including an investment committee to advise the board
- approving of all loans and grants in accordance with established policy and legislation
Term of office
Four years.
Composition
The Board consists of at least 11 members:
- one of whom shall be the Mayor or a designate appointed by the Mayor
- at least 3 members of Council
- 7 citizen members
Meetings
Meetings are generally held quarterly, with an Annual General Meeting.
Related links
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