City Council Authorization for City to Accept Grants on Behalf of The Atmospheric Fund - by Councillor Dianne Saxe, seconded by Councillor Paul Ainslie

The Trottier Family Foundation is a Montreal-based private Canadian charitable foundation established under the Canada Not-for-profit Corporations Act and Income Tax Act (Canada). The Foundation was established to create meaningful impact that improves the lives of Canadians. In the spirit of that vision, the Foundation specifically supports projects that promote innovative scientific discovery, mitigate climate change, and protect the environment, enhance education, improve patient and health care, and provide assistance to select community and international initiatives. This matter is time-sensitive and being presented as a Member Motion to avoid unnecessary delays in receiving the $150,000 grant from the Trottier Family Foundation. The Atmospheric Fund anticipates applying for and receiving additional grants from charitable organizations for its programs. While the Relationship Framework between the City of Toronto and The Atmospheric Fund enables the City to receive funding from a charitable foundation on The Atmospheric Fund's behalf, this motion is required for the City to enter into an agreement with Trottier Foundation. It also ensures authority to allow appropriate City officials to enter into agreements for future grants and to receive and transfer funds to The Atmospheric Fund, following review by the City, for the duration of this Council term. The Atmospheric Fund and staff in the City Manager's Office, the Controller and Chief Accountant, the Chief Financial Officer and Treasurer, and Legal Services have been consulted on this Motion and recommendations. Recognition of these funds will be included in The Atmospheric Fund's financial reporting to the City.

2. City Council authorize the Chief Financial Officer and Treasurer, in consultation with the City Manager or designate, as needed, to negotiate and execute an agreement with charitable foundations to receive funding for the Toronto Atmospheric Fund in amounts that do not exceed $500,000 and, without the need to further report to or seek approval from Council, so long as: a. such funding is subsequently transferred to the Toronto Atmospheric Fund in accordance with section 10 of the Relationship Framework between the City of Toronto and the Toronto Atmospheric Fund; b. such agreements are entered into and executed on or before the end of the current term of City Council; and c. such agreement is on terms acceptable to the Chief Financial Officer and Treasurer and the City Manager or designate and is in a form satisfactory to the City Solicitor. 3. City Council authorize the City Manager or designate in collaboration with the Toronto Atmospheric Fund, and in consultation with the City Solicitor, to amend section 10 of the current Relationship Framework between the City and Toronto Atmospheric Fund to implement the direction in Part 2 above.