TORONTO SARACENS LEGACY FUND

The Toronto Saracens RFC was established during the early 1950′s. It was formed from the sum of players branching out from the Toronto Irish, Nomads and Barbarians. All of those clubs had an overabundance of players at that time. Back then, the rugby games were played at High Park. After the games the team would visit the various local pubs in and around the area. It was there, in one of those establishments (not too sure which one), that the Toronto Saracens Rugby Football Club was conceived. The Toronto Saracens was initially formed in 1953, but formally established in 1954. Since then, the Saracens have won the Carling Cup twice (1959 and 1977), the Pony Bowl (1982) and the Old Vienna Cup (Marshall Trophy) (1983). We are one of the original investors in the “Home of Ontario Rugby” Fletchers’ Fields, which is our home field.

The Saracens is a non-share capital corporation incorporated under the Corporations Act (Ontario). The Saracens is a not-for-profit organization within the meaning of paragraph 149(1)(l) of the Income Tax Act (Canada). The Letters Patent of the Saracens, dated 24th June 1985, state the objects of the Saracens as follows:

(a) To encourage and participate in the playing of Rugby Football under the laws laid down by the International Rugby Football Board(now World Rugby);

(b) To promote and participate in social and recreational activities associated with Rugby;

(c) To accept donations, gifts, legacies and bequests.

The Foundation and FFL have entered into a donation agreement (the “FFL Agreement”), effective June 1st 2021.

Under the Fletcher’s Fields Limited Agreement a fund (“The Toronto Saracens Legacy Fund”) was established in the amount of $1,300,000.

The Toronto Saracens Legacy Fund is intended to provide funding from its endowment, and from capital disbursements that continue the objects of FFL. These include:

(a) To encourage and further the game of rugby in Ontario and Canada;

(b) To actively support rugby players in the Province of Ontario by furnishing equipment, kit, and facilities for the game of rugby;

(c) To promote all forms of rugby and to arrange matches and rugby competitions and to offer or grant and contribute towards prizes, awards, scholarships and honorariums related to playing rugby in the province of Ontario.