Strengthening BC Communities Since 1943
VANCOUVER FOUNDATION ANNUAL REPORT 2002
VANCOUVER FOUNDATION
of
to
perma
of
Columbians.
community
ton
organizations,
distribution leadership
British
the
all
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eligible
stewardship
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funds
range
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Through
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THE
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DISTRIBUTIONS EXECUTIVE
DONORS
FINANCIAL
STORIES VOLUNTEERS
. 1
42 •001
22,017,925
580,837,315
30,980,971 154,136,325
$45,107,242
404,508,379
02
49
33,663,211
72,383,615
20,928,388
516,095,429
$18,925,183
20
422,668,427
Year
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Year
During
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Received
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Endowments
Funds
Grants
Retained Total
Donations
New Contributed 0 9 0 Ridge Fernie Surrey Alberni Island Crescent Castlegar Qualicum 24. Nanaimo Port 8. 0 16. 0 Kimberley Maple Vancouver 0 0 52. 0 Spring 3%. Bay 0 38. 1; - 0 4 0 West River 0 Salt
Stewart 0
,.. N 8o. Fanny Procter 72. 65. Cranbrook 0 0 Nakusp 23. Penticton I Kelowna 58. Lumby - 15. 0 Campbell 5!. 0 • 30. Arm 0 0 0 Vict9ria 0 Sointula Enderby 7%. grants Creek Princeton. 0 0 0 Salmon Currie 977 Mainland Courtenay 22. Parksville Lillooet 0 64. 14. Kamloops 0 S• Cache 0 Lower MAP Mount
36. 0 0 6. 29. Vernon Foundation Smithers I 0 0 the 0 78. Dunster Rupert
0 J0 INSET 0 0 2%. Rossland Osoyoos outside Coquitlam 0 Langley Prince Burnaby Vancouver 63. 13. • Invermere all 0 0 0 56. 0 Montrose of 0 Skidegate 0 28. Vancouver Duncan MAINLAND Bar half 0 42. 69. : communities 0 20. 0 to 0 George Chilliwack Vancouver Richmond LOWER go Boston Almost 12. Bay Ladysmith Houston 62. - 0 Prince Mission 0 North 0 Silverton 27. Deroche 7 4!. 48. Union 0 0 Bay 68. 0 0 19. 0 0 0 76. Alert Chetwynd 0 River Lake Lake • • Revelstoke Golden Klemtu Merritt 0 Delta 0 6%. 26. 18. Powell 40. Westminster 0 0 0 0 Ucluelet Williams Chase Agassiz Shawnigan 0 New 82. o. 2. Inlet 0 Island 0 67. 0 0 Island Quesnel Creston 0 0 Moody 17. 6o. 0 0 Mayne Terrace Galiano Port Cawston Kingcome Nelson Sechelt Westbank 25. • Abbotsford Beach Beach 8i. i. 66. 0 0 0 0 32. 46.
• ibutionj The Power oj7Legacj
Annual reports providean opportunity to pause, reflecton past accomplishments and give delivering responsible stewardship in the present requires wise v planning for the future and to a vision for the future. This is especiallytrue of this 20025report, as last year we have relied on the expertise of Fasken Martineau spent t,, last decade we legal counsel. Over the thinking about and preparing for a historic milestone that willalreadyhave been achievedby Amighettiand his colleagues EdgarFrechetteand DarrellWickstrom, the DuMoulinLLP,through Leo time you read this: VancouverFoundation’s6oth anniversary.Our purpose is simple—toensure be informed and prudent in response to the needs of our donors and we to guide our efforts to continue to strengthen communities across the Provincefor another 6o years and beyond. funds. J the administration of their
Fortunately,we have had a role model to guide us. Avisionarywoman who through a responsibilityfor managing funds veryseriously.Weunderstand singleactof VancouverFoundationtakes its generosityhelped create the largest communityfoundation inCanada. Her name is permanent endowment funds o that they will benefit AliceMacI’ the importance of safeguarding our yearsto come. Dueto the 7.9% drop in market communitiesacross the Provincefor hundreds of The world in which she livedwas verydifferent from today. Manyof the social services we upon previouslyretained returns from investments valuesduring 2002, we were obligedto draw take for granted did not exist:there was no nationalwelfareprogram, no unemploymentinsuranci the 5.5%distribution policyduring 2002. (wehave had some verygood years!) to maintain no publiclyfunded daycare. Universal health care, which we as Canadians are so proud of, was market drop—thecapital of the fund continues Evenafterallowingfor grant distributions and the still years away.People were left to fend for themselves in a waythat is easy to forget. million.Nevertheless,the Boardof Directors to exceedthe amount of contributedprincipalby $72 considered it prudent to reduce the distribution rate by 0.5% commencing january 1, 2003 and However, Alice MacKaysaw the hardships endured by those less fortunate than herself and this willbe reviewedas the year progresses. she decided to do something about it. In her willshe left a $1,000 bequest to help improve GeraldA.B. McGavin the quality of life in BC. Ms. MacKay’sgift inspired industrialist W.j.VanDusen to join inher Inorder to enhance VancouverFoundation’sabilityto meet the needs of its donors and potential mission. VanDusen and nine local business leaders gave $io,ooo each to create a permanent friends and supporters, a Professional Advisors Committee was created in 2002. Along with $ioi,ooo endowment fund to be administered bya neworganizationcalledVancouver Foun the Development Committee, this new committee will oversee a range of initiatives that are And so, from one woman’s desire to give back community, and Vancouver Foundation to her from one mans visio designed to secure our funding base. We are also launching a comprehensive professional Vancouver Foundation was born. advisorsprogramto raise awareness of VancouverFoundation withinthe community of lawyers, financialplanners, and insurance advisors and trust officers. takes its responaibility And what a legacy it has become. TodayVancouver Foundation manages over 8oo separate endowment funds worth approximately $500 million. Since 1943, we have granted nearly$500 Our organization is distinguished by the volunteers who serve on the AdvisoryCommittees millionin income from these funds non-profit or managing Vund6very to groups throughout the Province.These grant in each program area and on the Board of Directors. We have thanked a number of valued have supported thousands of projects,from theatre productions and salmon habitat restorations, volunteers who completed their terms during this past year and we wish to also acknowledge to medical research and crisis centres. Last year alone, we distributed $32 million to hundreds our retiring board members; Lalani,Mr. Robert H. Lee and Mr.jim Doyle.Their 6ericwsty. Weunderstand Ms. Shamin oforganizations,supportingmanyimportantinitiativesthat otherwisemightneverhavebeen realize expertise, energy and interests represent the crucial resource that our volunteers lend to the workof the Foundation and our standing in the field of philanthropy. the importance oV6ate- But the numbers only tell part of the story.To reallyunderstand the impact of our grants, you need only see the smile on the face of a child playingwith a kitten for the first time. Or listen As Canada’s largest community foundation, Vancouver Foundation is providing leadership to an inspiring violinconcerto performed by a inner- guarding our permanent young virtuoso. Or share in the pride of an and collaborating with governments and community groups to develop a new vision for the city neighbourhood which has worked together to build its own community centre. philanthropicsector. Moreover,we are workingwith philanthropists to achieve their charitable dreams that willsignificantlyimpact BritishColumbia for decades to come. endowment undo o W.j.VanDusen understood the importance of creating permanent endowment funds, providing We income to forever support both the needs and the hopes of future generations. Bycreatingthe inviteyou to join us as we celebrate Vancouver Foundation’s 6oth Anniversary. base for an unrestricted fund, he ensured the flexibilityrequired to help our communities. that they can beneit I Sincerely, Manyof the grants highlighted in our 2002 Annual Report have been paid from the VanDUsen Foundationwhich,along withhe Alm’VanDusen Fund,are among our largest and oldest funds[ communittea acroaa the Sixty you RichardMulcaster years later, VanDusen’s vision is still having a significant impact, proving that while A. cannot predict the future, you can certainly prepare for it. province hundreda /L or GeraldA.B.McGavin RichardMulcaster CM, FCA,Chair Presidentand CEO cfryeara to come. 1 Ii
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F Animal Hajer schoolteacher “A she been about ing Eventually her of The founded grown, “Many of Stray when cats shelter said a little tame that that stray awareness or $20,000 awareness which Some idea committee developed activity These children a children to word in the Cats fund the initia for FOR while Care $47,500 concern this
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Thanks to this educational tool, people outside )Vithitsmajesticmountains,temperateclimate, Vancouverare playingan activeroleinthe future and diverse opportunities, Vancouver is one of their communities. Forexample, in Vernon, of the world’s most livablecities. As a result, Eric Kowalski, Executive Director of Social itspopulationis growingand this, in manycities, Planning Council for the North Okanagan, meanstrafficcongestionand diminishinggreen formed a smart growth planning committee space.InVancouver,however,regionalplanners after becoming aware of Smart Growth BC’s are managing population growth byfollowing toolkit. “Vernon has been discovered in the the concepts espoused by Smart Growth BC. last few years,” Kowalskisaid. “The growth be managed.” These “smart growth” concepts refer to a needs to responsible way to develop communities, This province-wide interest includes work recognizing that if we are to accommodate in Greater Vancouver with the Sustainable populationgrowthand land development, we Region Initiative,in which Smart Growth BC needto minimizeimpacts on the environment. is a partner. In this capacity, they provide The Power ojyLegacy Smart growth involves building in areas that guidanceon addressing issues likedeteriorating are already developed, preserving parkland, airquality,use of land and growthmanagement. and promoting neighbourhoods where shops THE MCCORKELLFUND and services are within walkingdistance. Now, the grant from Vancouver Foundation willallowthese initiativesto move nation-wide. Sinceits incorporation as a non-profit society “We’re hosting a strategy meeting here in Through a generous bequest, in999, Smart Growth BChas been workingto Vancouverthat willbringtogether organizations create more livablecommunities. Recognizing from across Canada,” said Ho. “The plan is Mr. Ernest Gaston McCorkell the importance of sustainability, Vancouver to set up a Smart Growth Canada Network. Foundation is supporting Smart Growth BC This meeting also overlaps with a meeting of established this fund in witha two-year$90,000 grant, whichwillallow smart growth leaders from the US.”A report them to increase their outreach strategies and comparing the costs of sprawling retail his family’s name. As an impactland-useplanning and decision-making. developments with those of smart growth of Cnvironment “Vancouver Foundation was one of our first development willfurther raise awareness unrestricted fund, he has funders,”said CheeyingHo, ExecutiveDirector the issue. supported projects and of Smart Growth BC.“Theysupported two of Smart growth will happen in regions where our major publications: the BCSprawl Report people understand its importance, and are organizations tackling and the Smart Growth Toolkit.” working together to make it happen. The May has been made The Smart Growth Toolkit, one of several 2003 strategy meeting, which environmental issues, VancouverFoundation’sgrant, successful initiatives carried out by Smart possiblethrough is a recognitionof Vancouveras a smart growth Growth BCover the past three years, dispels museum upgrades and is no mistake that some of the myths about smart growth and leader. Which is why it Vancouver is voted one of the world’s most providespracticalsuggestions likea planning Hispanic youth projects. cities. and development list. livable In 2002 this fund made 9
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Board ojJDirectors GOVERNANCE& NOMINATIONS Dr.George Deagle YOUTH PHILANTHROPYCOUNCIL Jim A. Doyle,Chair Dr.Joanne Douglas [to Mar. 2002] Michael Chenatte DIRECTORSAT LARGE Bruce Buchanan Dr. BillMiller JoyceChoi Gerald A. B. McGavin,CM, FCA,Chair lain Harris Dr.Tim Oberlander EricDi Nozzi Michael C. Burns Gerald A.B.McGavin Dr.KayWotton Mairin Dick Dr.Judith G. Hall, OC Ginger Greiff INVESTMENT CHILDREN, YOUTH Shamin Lalani Leah Hamilton lain Harris, Chair & FAMILIES Robert H. Lee,CM,OBC, LL.D J. LiaHart Bruce Dr.Judith G. Hall, Chair The Hon. Madam Justice LynnSmith Buchanan Etienne Mahe Mark L.Cullen Shashi Assanand EmilyMathisen NOMINEES P. RitaChudnovsky NickGeer Laura Mikulec Peter H. Hebb Sandy Cooke The Hon. Donald I. Brenner KathrynMoore Shamin Lalani TonyDo ChiefJustice,The Supreme Court of BC Julie Nguyen E. Marlatte Greg Eng George Cole Robertson Jim A. Doyle Gerald A. B. McGavin Joy Hall DavidSadler VancouverBarAssociation Arlene H Henry Thomas G. Rust Peter Sebmer Keith Pattinson lain J.Harris David Shepherd PROFESSIONALADVISORS Joyce Preston Vancouver Boardof Trade Alden Sisler MichaelC. Burns, Chair Ron Smith Fraser Stuart George E. Marlatte Tung Chan Vanessa Tellier[to Dec. 2002] Jourdan Tom Canadian Bankers Association KathleenCunningham MarilynVan Bibber [to Apr. 2002] Mark Neale, CFP,CLU,CHFC WilliamD. MacRae Brenda Wilson [to Apr.2002] Foundation Stafl Canadian Association of Insurance Josephine Margolis Nadel Gloria Wong Jonathori D. Palfrey PROGRAMSERVICES and FinancialAdvisors EDUCATION VancouverFraser ValleyChapter James E. Rogers, CLU,CH.F.C. Sarah Chilvers The Hon. Madam Justice LynnSmith, P. Bernard Rowe,CLU,CH.F.C. Program Director Patrice Pratt Chair United Wayof the LowerMainland VictorGodin Sonya Gould Enzo Guerriero Program Assistant HONORARYLIFEMEMBERS Foundation Adviaoiy Committeea Jerrold Jones ValerieHunter Thomas G. Brown (retired) Dr.John Kelly Program Director Bruce Buchanan, FCA ANIMALWELFARE Lone Lee Barbara Oates Thomas G. Rust, CM Mark Neale, Chair Steve Lott Dr. RobAshburner Lisa Mccarthy Program Director LEGALADVISORS Dr. Lance Barrett-Lennard RickPepper Trish Pemberton L.Amighetti, QC Dr.David Fraser Analise Saely Program Assistant BlairHammond Dr. MichaelWarsh Fasken Martineau DuMoulin LLP EvaCheung Robinson Debbie Jeffrey Martha Whitehead Program Director KristineLampa Dr.Janice Woodrow Standing Committee€s Craig Naherniak Jackie Smyth oy the Board Debra Probert ENVIRONMENT Program Assistant Kate Smallwood Mark Neale, Chair Mauro Vescera AUDIT Marguerite Vogel MarkAngelo, CM,OBC ----. George E. Marlatte, Chair RicCareless, OBC Program Director lain). Harris ARTS&CULTURE David S Harrison DEVELOPMENTAND Robert H. Lee Shamin Lalani,Chair Cheeying Ho DONOR SERVICES Gerald A. B. McGavin Lesia Davis Anne Levesque John Blackmer LeilaGetz, CM MaryMacGregor DEVELOPMENT Estate Planning Manager Carol Henriquez, CM Donald VO’Connor MichaelC. Burns, Chair Dal Hothi Dr.CraigOrr Linda Caisley,CFP Roberta Beiser Tom Kerr Brian Rogers Development& Donor ServicesDirector Robert H. Lee Duncan Low Patrick Stewart Allison Felker Gerald A. B. McGavin Deborah Meyers Terri.LynnWilliams-Davidson Mark Neale Community& Donor RelationsDirector Wendy Newman Steve Wilson Thomas G. Rust Dr. Ruth B. Philips NicoleJeschelnik W.Gerald Strongman TakaoTanabe HEALTH& SOCIAL Donor Services Assistant Peter W.Webster DEVELOPMENT Renee Van HaIm Andrea Majorki Patrice Pratt, Chair DISTRIBUTION Connie Watts Development& DonorServicesAssistant Herb Barbolet Jim Doyle,Chair CarolineWoodward Jim Bennett ADMINISTRATION Judith G. Hall [CY&F] BC MEDICALSERVICES Al Etmanski John Binsted Shamin Lalani[A&q FOUNDATION BOARD BeverleyGutray Vice President & COO Gerald A. B. McGavin Dr.Anne M. Vogel,Chair Colleen Kelly Mark Neale [ENV& AW] Jessie Anne Boyd Dr.Joanna M. Bates EyobG Naizghi Patrice Pratt [H&SDJ ExecutiveAssistant to the President MarcyCohen Mabel Jean Rawlins-Brannan Madam Justice LynnSmith [EDU) Dr. Dennis Danielson Peter Royce Judy Charlton ExoFFiclo Dr.Judith G. Hall Andrea Sanborn Assistant, Finance & Operations Dr.J.Williamlbbott Roopchand Seebaran [to Dec. 2002] Chief Justice Donald Brenner Maureen Giefing [to April 2002] Dr.Deborah Poff,Ph.D. Karen EWatson Bruce Buchanan ExecutiveAssistant to the President Michael C. Burns Dr.Donald B. Rix MADGE HOGARTH Jo-Ann lain Harris Mark Skorah Hardy D.H. Bell-Irving Receptionist Robert H. Lee AndrewWynn.Williams / Assistant Donald D. Hogarth George E. Marlatte Annie Jun BC MEDICALSERVICESADVISORY MaryG. Hogarth Dr. Manager, Financial Services EXECUTIVE Joanna M. Bates, Chair D.W. Robertson Dr. Gerald A.B.McGavin,Chair Anne Carswell Jane Rosmus Richard Mulcaster Dr. Clarke Jim A. Doyle Heather The Ven.W.R. Stephens President & CEO lain Dr.William Bowie Harris Wendy Reid Director, Information Technology
1i : VV
p :VVV Diatributiona Rates °l Return and Distribution FOR THE YEAR ENDED DECEMBER 31, 2002
:1 Grant di6tribution6 to communitieo
AGENCYENDOWMENT DISCRETIONARY DONORADVISED TOTAL2002 PERCENTOF TOTAL2001 PERCENT have been ouotained deopite AND GRANTS GRANTS GRANTS TOTAL2002 TOTAL DESIGNATED 2001 14% ;.. V •4/ lyluctuating nveotment market returna
12% 4, Animal Welfare $86,205 $150,000 $203,858 $440,063 1.3% $336,252 i.i% I • 9 YearAverageReturn is 8.5%. io% : Arts and Culture 1,486,700 1,376,063 178,701 3,041,464 9.0% 2,536,362 8.2% • Until2003 VancouverFoundationdistributed 8% Children,Youthand Families 1,087,423 1,874464 89,613 3,051,500 g.i% 3,103,084 io.o% 5.5%of the average unit market value over
6% previous 12 quarters—maximizing payouts CommunityFoundations 201,321 - - 201,321 o.6% 168,026 0.5% while protecting capital. 4% Distribution - 1,286,456 - 1,286,456 3.8% 1,072,256 3.5% Operating costs (Administration,Program,
Education 6,949,369 1,335,357 887,105 9,171,831 27.2% 9,047,948 29.2% DonorServicesand Investment)less income
from Funds pending distribution,have been Environment 1,975,673 800,920 92,800 2,869,393 8.5% 2,147,845 6.9% o% i I ii h V held within threshold of o.% of capital. ift YEAR 1998 1999 2000 2001 2002 9 Health &SocialDevelopment 4,655,978 1,752,436 527,215 6,935,629 20.6% 6,297,356 20.3% 1 AVERAGE Althoughthe 5year average to 2002 was MedicalResearchand Services 3,264,398 1,237,866 150,245 4,652,509 13.8% 4,635,286 15.0% COSTS DISTRIBUTION RATE 2.6%, the returnforthe year2002 was —7.9%. • 5 YEAR AVERAGE RETURNS OPERATING 5 V ReligiousPurposes 873,886 - 182,006 1,055,892 3.1% 1,078,618 35%
Youthin - 214,194 21,500 0.7% 91,330 Philanthropy 235,694 0.3% • V V V V VVVVV: V • General 571,160 - 116,241 687,401 2.0% 388,465 1.3% Accumulated Capital and Distribution Refunds - (82,658) - (82,658) - (60,078) -
Expenses - 116,716 116,716 - 138,221 - - 4 650 V
6oo • Total 21,152,113 9,945,098 2,566,000 33,663,211 - 30,980,971 •VVH•VV V.•• 550
Investment Structure
• V
V ••: V 2002 •CiVV VqVfrrc Foreign Equities 40% 47% Canadian Equities 15% 15% Canadian Bonds & Debentures 39% 34% GRANTSAND DISTRIBUTIONS Real Estate & Mortgages 4% 3%
Cash 2% 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 g8 99 00 01 02 YEARS A HlL
I’, ______
Authtor’a Report Statement ojj0peration and Changes in Fund Balancea
TO THE DIRECTORS OF VANCOUVER FOUNDATION FOR THE YEAR ENDED DECEMBER 31, 2002
We have audited the statement of financial position of Vancouver Foundation as at December 31, 2002 and the CONSOLIDATED OTHER DISTRIBUTIONAND statement of operations and changes in fund balances for the year then ended. These financial statements are the TRUSTFUND TRUSTFUNDS ADMINISTRATIONFUND (ATMARKETVALUE) (ATCOST) (ATCOST) 2002 TOTAL 2001 TOTAL responsibility of the Foundation’s management. Our responsibility is to express an opinion on these financial state I ments based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require - $18,925,183 $45,107,242 that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material Donations and contributions $17,784,927 $1,140,256 An a - (28,296,773) misstatement. audit includes examining, on test basis, evidence supporting the amounts and disclosures in Investment losses (46,420,101) - (46,420,101) the financial statements. An audit also includes assessing the accounting principles used and significant estimates External investment management made by management, as well as evaluating the overall financial statement presentation. Less: custodial fees (i 904,042) - - (i ,9o4,042) (i 780,157) In our opinion, these financial statements present fairly,in all material respects, the financial position of the Foundation and as at December 31, 2002 and the results of its operations and changes in fund balances for the year then ended in (30,539,216) 1,140,256 (29,398,960) 15,o3o,312 accordance with Canadian generally accepted accounting principles.
LI-tJd1J*Wk4.jfr14J /I/’ EXPENSES Chartered Accountants Administration 843,261 843,261 871,509 February 21, 2003 Program services 830,094 830,094 758,035 Donor services 665,533 665,533 642,023 2,338,888 2,338,888 2,271,567 Statement oljFinancial Poaition
Less: Interest on funds pending distribution (748,869) (748,869) (940,826) 1 AS AT DECEMBER 31, 2002 1,590,019 1,590,019 1,330,741 CONSOLIDATED OTHER DISTRIBUTIONAND TRUSTFUND TRUSTFUNDS ADMINISTRATIONFUND (ATMARKETVALUE) (ATCOST) (ATCOST) 2002 TOTAL 2001 TOTAL
CURRENTASSETS EXCESS (DEFICIENCY) OF REVENUES Cash and other short-term notes $14,325,992 $604,684 $21,235,311 $36,165,987 $27,506,161 OVER EXPENSES BEFORE GRANTS Bonds and debentures (note 4) 189,622,741 - . 189,6z2,74i 199,388,316 AND DISTRIBUTIONS (30,539,216) 1,140,256 (i ,590,019) (30,988,979) 13,699,571 Common shares and convertible securities (note 4) 271,710,860 - - 271,710,860 337,571,169 Real estate trusts (note 4) 17,713,674 - - 17,713,674 15,207,994 Mortgages and real estate (note 4) - 139,428 - 139,428 226,050 GRANTS AND DISTRIBUTIONS 33,663,211 33,663,211 30,980,971 Accrued interest receivable 823,003 573 126,347 949,923 1,129,807 Accrued dividends receivable 111,087 - - 111,087 118,474 EXCESS (DEFICIENCY) OF REVENUES 494,307,357 744,685 21,361,658 516,413,700 581,147,971 OVER EXPENSES (30,539,216) 1,140,256 (35,253,230) (64,652,190) (17,281,400)
FIXEDASSETS(cost - $503,829; 2001 - - $487,915) - 114,999 114,999 174,686 580,837,315 598,294,457 FUND BALANCES - BEGINNING OF YEAR 558,311,88i 332,823 22,192,611 494,307,357 744,685 21,476,657 516,528,699 581,322,657
INTERFUND TRANSFERS (33,375,612) (728,394) 34,104,006 CURRENTLIABILITIES Accounts payable and accrued liabilities - - 433,270 433,270 485,342 DISTRIBUTION OF CAPITALFROM (61,796) (113,181) FUND BALANCES CONTRIBUTED PRINCIPAL (61,796) Contributed principal 421,923,742 744,685 - 422,668,427 404,508,379 Retained returns from investments 72,383,615 - - 72,383,615 154,136,325 Invested in fixed assets - - 114,999 114,999 CAPITALFROM 174,686 DISTRIBUTION OF (27,900) (62,561) Funds pending distribution - - 20,928,388 20,928,388 22,017,925 RETAINED RETURNS (27,900)
494,307,357 744,685 21,043,387 516,095,429 580,837,315 21,043,387 516,095,429 580,837,315 FUND BALANCES - END OF YEAR 494,307,357 744,685 494,307,357 744,685 21,476,657 516,528,699 581,322,657
COMMITMENTS(note 5)
BYTHE BOARDOF APPROVED DIRECTORS DIREETOR DIREETOR V /a7 • •::
Notes to Financial Statemento GRANTS paid bythe Foundation. Grantsare recorded when PARATIVE FIGURES 1 Purpo€3eand Status reclassified to conform with the presentation adopted for 2002. nrtain4 comparative figures have been Vancouver Foundation (the “Foundation”) was established in 1943 and became incorporated through an Act of the ProvincialLegislaturein 1950. Inve3tmeflta The income from funds donated and bequeathed to its endowment is used to provide for charitable purposes 4 BritishColumbia.The Foundation serves three major constituencies: its donors, the charitable sector and throughout CONSOLIDATEDTRUST FUND the community. are represented by Canadian fixed interest bonds and The bonds and debentures in the Consolidated Trust Fund The Foundation is registered with the Charities Division,Canada Customs and RevenueAgencyand is classified as debentures, with a weighted average term to maturity of 9.3 years (2001 - 9.0 years). The effectiveinterest rate on was a public foundation. As such, it is exempt from federal income taxes and can issue charitable donation receipts. these bonds and debentures is 4.5% (2001 - 4.9%). As at December 31, 2002, the bonds and debentures cost $184,629,605 (2001 - $196,964,951). represented bythe following: 2 Nature o the Funda The common shares and convertible securities in the Consolidated Trust Fund are 2002 2001 The Foundation followsthe restricted fund method of accounting for contributions to the Consolidated Trust Fund and Other Trust Funds. Cost Market Value Cost Market Value The ConsolidatedTrust Fundholds resources contributed for community endowment. The Boardof Directorsexercises discretionary control over the investment of these assets and the distribution. Income earned on the Consolidated Canadian 74,022,182 74,978,858 72,414,772 82,395,457 Trust Fund resources are reported in the Consolidated Trust Fund and at the discretion of the Board of Directors are Foreign 291,579,718 196,732,002 297,572,256 255,175,712 either retained in the Consolidated Trust Fund or transferred to the Distribution and Administration Fund. The Other Trust Funds hold resources over which the Foundation does not exercise discretionary investment control 365,601,900 271,710,860 369,987,028 337,571,169 and which are administered in accordance with specific directions from the donors. Distribution of these resources is administered in accordance with the specific directions from the donors. As at December 31, 2002, the real estate trusts’ cost was $17,801,225 (2001 - $15,301,225). The Distributionand AdministrationFund represents resources authorized and allocatedfor grants and distributions. OTHER TRUST FUNDS Asat December31, 2002, the mortgages and realestate investment had a market valueof $141,756 (2001 - $229,569). 3 Signiicant Accounting Policiea INVESTMENTS Commitmenta Investments within the Consolidated Trust Fund are valued at current market prices on the last business day of the In addition to the amounts presented under “Funds pending distribution”, the Foundation has committed to fiscal period. is grants totalling $740,000 (2001 - $871,000) which are payable from future returns. Payment of these grants within Trust Funds and Distribution and Investments the Other the Administration Fund are stated at cost and any conditional on the recipients meeting certain criteria and providing certain supporting information. realized gains or losses arising from investment transactions are included as part of contributed principal. Should in order to accommodate the British the carrying value of these investments exceed market value, the investments are written down to market value if In December 2002, the Foundation has expanded its leased office space additional leased office space. management considers that there is a permanent impairment in value. Columbia Unclaimed Property Societywhich willsublease a majority of this The Foundation has a lease agreement, with the followingcommitments related to office rent: FIXEDASSETS The Foundation capitalizes the cost of major capital additions and amortizes the cost of these assets over their YEAR $ estimated useful lives. Lease inducements received in conjunction with the Foundation’s lease are offset against the cost of leasehold improvements. Management has determined the estimated useful lives to be: 2003 254,076 273,307 Computer and officeequipment to years straight-line 2004 3 5 273,307 Officefurniture 10 years straight-line I 2005 273,307 Leasehold improvements - net of lease inducements straight-line over the term of the lease (10 years) 2006 2007 273,307 Operating expenses for 2002 include amortization of fixed assets of $96,390 (2001 - $67,276). 2008 and thereafter 68,327
REVENUE RECOGNITION 1,415,631 Contributions for endowment are recognized in the Consolidated Trust Fund when received and deeds of gifts have been approved. Restricted contributions are recognized in the Other Trust Funds when received. Bequests are recorded upon receipt of the donated assets. Bequests in a form other than cash or marketable securities ojy Flows are recorded at values determined bythe Board of Directors. 6 Statement Cash bonds, mortgages and is consider it meaningful Interest on short-term notes accrued as earned. Dividends, which have been declared, A statement of cash flows has not been presented as management does not are recorded as income on the date of record set for the dividend. in the circumstances. EatablLhing A Fund
VANCOUVER FOUNDATION IS COMMITFED TO MAKING IT AS EASY AS POSSIBLE TO TURN YOUR CHARITABLE DREAMS environment;health and The Norman RussellLangeMemorialFund HarryAstoriaMemorialGlidingAwardFund FUNDS families;education; researchand youth INTO REALITY. THE STRAIGHTFORWARD STEPS TO ESTABLISH A FUND WITH VANCOUVER FOUNDATION ARE LISTED socialdevelopment;medical C. LawsonFund B& LFund BELOW. charitable The EarleM.and Minnie auicsed fund5allowa donor’s philanthropycouncil. possibleimpact MartinMargettsFundforAnimalCare B.C.FirstCallEndowmentFund makethegreatest Doreen communitythrough The MargaretWinifredCharlotteAlmond WPP0rtfl thewhole Helen and Oscar MarrionFund B.C.MedicalServicesFoundation Usingthis information,we willhaveour legaladvisordraw eightfieldsofinterest. MemorialFund Creating the Deed oy Gist FoundatIon’S for MedicalResearch ScholarshipFund up a Deed Gift (a Woman’sClubof Vancouver of trust document setting out the terms Ber1Ym MemorialFund The American let in SarahAgnes McFarlane.KarpFund B.C.TechS.V.P.Fund No. 1 Please us knowthat you are interested establishing of the fund) foryourreview.Weencourage youto discuss AnniversaryFundforArts& Culture ElvaBorgersOnFund a Harryand EdwardB.and RubyR.McIntyreFund B.C.TechS.V.P.FundNo. 2 Fund with VancouverFoundation. During our Conver the draft deed of gift with your own legal and financial AnniversaryFundfor Child& Family grinkFamYFund MarionMitchellMemorialFud The Paul RobertBadreBursaryFund sation we will need to gather some basic information Fund Education advisors to make sure it accomplishes your wishes. 6oth Anniversary Anniversary for from you about: d Lions The Doris M. MurrayEndowmentFund BakeMarkCanadaAwardsFund ,..ommunhtYServicesFund AnniversaryFundfor Environment NewBastionTheatreCompany BCCampingAssociation Fund WilliamKeithBurwell AnniversaryFundfor Health& Welfare BrownCampershipFund • the name of the proposed fund Initiating the Fund Dr. EndowmentFund Lorne MemorialFund E.Cameron AnniversaryFundfor Health Sciences RobertaLandoBeiserFund • what you wish to accomplish with the fund Once you are sure the deed of giftis acceptable, it should laura The NorthwardBoundEndowmentFund ommumty Fund AnniversaryFundfor Youth John RobertBelyeaand Joan ElsieBelyea • the type of fund you wish to establish be signed and returned to VancouverFoundation with a The MayMaynardOugh EndowmentFund GladysCunninghamFund Scholarshipand BursaryFund Jamesand Thelma BarkleyFund MiltonOwen MemorialYouthFund • howthe income is to be used (charitablepurposesoffund) cheque for the initiatingcapital. The minimum initiating DawsonFund The BlenheimTrust FrederickJames The B.C.Heritage Fund Fund • whether it is to be an open or closed fund capital for a fund is $io,ooo; start-up funds are also BeatriceDonaldaPilonMemorial BarbaraDuffEstate Fund CharlesW.BrazierFund AliceMuriel B.C.MedicalServicesFoundation Georgeand RaePooleFamily • the amount of money you wish to start availableifyouare unableto contribute$io,ooo at one time. The 137, BrimacombeFund FelloWshiPLodgeNo. RobertL.BayesFund MemorialFund the fund with (theinitiatingcapital) Fund The of the A.F.&AM. Endowment Fund staff Foundation then establish the fund and pearleyand Norine BrissendenFund Wj. Sager Fund The Thomas and DorothyBurgess • if you are a non-profit organization establishing an FamilyFund present it to Foundation’s JohnD.Gibson Scholarin AbdominalRadiology the Boardof Directors.Wewill FredBoydBrownFund The Seniors BenevolentFund Burhenne BC Fund agency endowment fund, we willneed your Society provide you with Harryand PearlGillespie Fund,Vancouver copies of the counter-signed deed of The HenryA.BulwerFund AlesSereth Fund CHCEndowment registration number, your Federal Charity registration TheAndrewBrownGraham Fund Society gift for your records. The Robertand IreneCarpenter The SickChildren’sResearchFoundation CanadianChapterof International number, a copy of the Society’s Constitution and LoucilMarieGriffinMemorialFund Fund for Business EducatorsFund Please contact us; we would be pleased to discuss your Children’s The HowardA. Simons Fund By-laws,and a copy of your most recent annual report TownleyHillMemorialFund MedicalResearch The CanadianClubsof BritishColumbiaFund philanthropic goals. Winifred AlesanderCarruthersFund for and financial statements. HylandFund BrydenStevenson Fund CarnahanEducationalFund J.Norman The Mr.& Mrs.ArthurH. CarsonFund The lohn Fund TheIrishCanadianFund Barnesand Janet CarswellFund The VanDusenFoundation The M.& H. Carpenter Chan “)iShen” Fund LangFamilyFund The Thomas George EdwardCattier Fund Tungand Shirley MemorialFund John KaKinCheung Arthurand LenoreLaw RobertB.and MargaretG. CherryFund MemorialScholarshipFund AliceG.MacKayMemorialFund The Children’sFund Children’sMental Health Fund MemorialFund Normanand JulieMackie RonaldLairdCliffFund ChrisholmeMadsen EndowmentFund How A ElseMaurerFund to Apply Kurtand Grant Phae CollinsFund or The Markand SirWinstonSpencerChurchillMemorialFund TheCatherineJane McClelland The Ednaand ElliottCrookshanksFamilyFund VANCOUVER FOUNDATION SUPPORTS A WIDE RANGE OF PROJECTS THAT ARE OF BENEFIT TO BRITISH COLUMBIANS. MemorialFund The CooperFundfor ChamberMusic MurielAnnieCunliffeMemorialFund FUNDED ACTIVITIES OFTEN PROVIDE A DIRECT SERVICE TO THE COMMUNITY, OR TAKE AN INNOVATIVE APPROACH TheMcCorkellFund CrystalDecisionsFund The lohn WrightDouglasTrust TO A HelenEileenMcCurrachand CrystalDecisionsFund #2 COMMUNITY CONCERN. Fund START-UPFUNDS HelenIsabel McCurrachMemorialFund The ElizabethDroemer TheGeorgeT.and MyrtleW.CunninghamFund LegacyFund Theminimuminitiatingcapitalto establisha TheWilliamMcMahanFund EarlyChildhoodDevelopment fund withthe VancouverFoundationis $10,000. Lillianand Ross DavidsonFund S. ElneMemorialFund Letter or Inquiry EvelynR.McMannEstate Fund Victor donorsto make However,start-upfunds allow RH. “Slim”and MargaretDavidson June English minimumcontributionof$i,ooo and provide To begin, all grant applicants must submit a letter of KatherineMoffattMemorialFund The Norman and a MemorialAwardsFund MedicalResearchFund the balanceovera periodoften years. inquiry outliningthe proposed project. In less than four GeorgeW.Norgan Fund JackDavisScholarshipFund The Gordon FahrniFamilyFund Start-up Fund #1 (Richardson) pages the letter should: OpeongoTrust Joseph and MarionDelesalleFund The EdithAnnieFauntEndowmentFund Start-up Fund #2 (Dashwood-Jones) Ottoand AnnaPeterson MemorialFund Champaand DhiruDesaiFamilyFund • introduce your organization and its mandate KathleenHelen FerriesMemorialFund Start-upFund#4 (Ramsey) CatherinePrydeand Peter Pryde The Drent FamilyFund • state the community priorities the project willaddress The R.J.FilbergEstateGeneral Fund Start-up Fund#5 (Lalani) EndowmentFund Economicand ConservationFinancingFund • Fund Fund#9 (Towler) detail the Leslieand MildredQuartermaine Fund The Robert& FlorenceFilberg Start-up FaskenMartineauDuMoulinLLP Trust Start-up Fund #10 (Staff) BerniceMaryMargaretRamsayFund Mossyand KathleenFoster EndowmentFund and EuniceFraser Start-up Fund #16 (Donahue) TheRobsonFamilyFund The Thomas MauriceA.FavellMesotheliomaResearchFund Fund and AllenFraser-PikeMemorial Start-up Fund#i8 (Kerfoot) TheBernardand RiaRoweFoundation FinancialEsecutivesInstitute Fyfe-SmithFund The FlorenceL. Start-upFund #19 (Kuva) VancouverScholarshipFund ShaughnessyHospital GriffinMemorialFund Auxiliary(1946-1983)Trust Fund Phyllis Start-up Fund#21 (Chilvers) Charlesand LucileFlavelleFamilyFund Fred and AdelaideM.GroverFund TheCharlesE.and LauraE.Thompson Fund ). Start-up Fund #22 (Carswell.Black) The AndrewBakerFleckFoundation MargaretHaneyFund AlmaVanDusenFund The Start-up Fund#23 (Greenwell) HaroldScanlonFoleyJunior MemorialFund M. HumphreyTrust MildredW.WalkerMemorialFund The Helen Margaret FordFund ADVISEDFUNDS I. and MarionJohnsonTrust TheLester1st.WhiteFund William ForwardFamilyFund AdvisedFundsallowdonorstostructuretheirgiving KaulbackMemorialFund Widmer/WeedyFund Henryand Annie to bestsuit their individualfundingpriorities. IsabelLoucksFosterPublicHealth suggest ScholarshipFund The AliceM.and DonaldJ.Kerr Fundholdersortheirchosenadvisorsmay FIELDOF INTERESTFUNDS for MedicalResearchFund charitieswhichwouldbenefitfrom theirfund. Gordon Fundfor Children Fieldof interestfunds allowthe donor to The King’sDaughtersand Sons Alzheimer’sDisease ResearchFund PennyGorham Memorial distributetheirincometo oneor moreofthe Fund Vancouver AnnClaireAngusFund Scholarshipand BursaryFund Foundation’seightfieldsofinterest:animal KoernerFoundationFund Welfare;artsand culture;children,youthand Robertand Anna AnmarFund The HelenGraham Canada PrizeFund The Brian0. Graves Fund The Billand ElsieMore Indian Bursary Fund Donaldand VirginiaWaldockRelief The RubyRachelGraham Fund BathurstFund YorkHouseSchoolFoundersScholarshipFund and JamesW. HowardC. Memorial of DistressedAnimalsFund Merott Green Fund Mount PleasantAreaEndowmentFund Anna RuthvenGreig Fund Cecil MelJr.and MartyZajac MemorialFund organ Fund Kennethand JoyceWalleyFamilyFund L. GreygatesFoundation Mount Pleasant Legion/Col.CCI. Merritt, DouglasHaigGross Mario” MemorialFund MemorialTrust COMMUNITYFOUNDATIONS VCMemorialScholarship CecilWhite organ TheAnne FergusMacKayGroundwaterand ScholarshipFund Thegill John Grot MemorialFundfor Fund donorsthrough E.Morrison VancouverFoundationencourages MurielRossGroundwaterEducationalFund NealeFund WhittallFamilyFund U.BC.’sChairin Women and Law e G’B out the provinceto supportthe community MundellMemorialFund Boband JudyHager FamilyFund North Peace Savings& CreditUnion The MarilynWilliamsSt. Thomas Aquinas John Grot MemorialFund Louise foundationthat operatesfor the benefitoftheir EndowmentFund High SchoolMemorial D. ScholarshipFund Fund localcommunity. TheWilliam andEleanorGerrieHamihonFund George Halpern Fund g.Y.Nakaflb Odium Fund Tony& StojnaWindFamilyFoundation HowardNaphtali AlberniValleyCommunityFoundation Hansen FamilyFoundation The Carland ElsieHalterman and ResearchFL MemorialFund EndowmentFund PACEBursaryTrustFund Dr.ShirleyM.WongFoundation Family The HardwickFamilyFund The Carland ElsieHalterman grot hoodof B.C. BulkleyValleyFund PacificFoundation Jan and BlancheYdenbergFund Scholarshipand Bursary Native HarmelinaFund Fund ScholarshipFund for UnderstandingNature SocietyFund Jubilee Community CarmelleYellePalliative CampbellRiver T.Garth HarveyFund CareFund The DalHawkshawFund Society and DistrictHospice Paper DollsFund forVancouverRowingClub-Centennial NelS0i Peter H. Hebb Fund DESIGNATEDFUNDS 1 Fund The Dr.DonaldPaterson Foundation Florenceand HedleyHipwellFund Fund W.&MaryE.O’Brien The Edwinaand PaulI-fellerFund DesignatedFundsdirectincometospecific TheGeorge Patty’sLadybugCancerFund The Margaret). Hoare Fund charitableorganizationsnamedbythe donor. OwenChairof Law The MadgeHogarth Foundation TheWalterS. The Pender Fund Aircrew Dr.JD. Hobden ScholarshipFund EndowmentFund Ireneand JulianHoogstra Fund Association,GreaterVancouver GeorgeF. Pensom ScholarshipFund Branch Fund ScholarshipFund The Madge Hogarth Fund Walters.Owen Hope FamilyMemorialFund FamilyFund PerformingArts RecognitionFund The Claraand AmondesAndersonFund Boband MollyHole Fund Georget andWalterPaltins James and Helen Hunter Fund The The Fund Fund Helen Pitt for FineArts B.C.Disaster ReliefFund TheJohn E.and LouiseHowson Fund parteersin Stewardship The IngledowBursaryFund Josh PlatzerMemorialFund The B.C. PatersonMemorialFund HydraCommonwealthLegacyFund WilliamL.Hurford MemorialTrustFund Dr.Donald InternationalFoundationfor the Arts — TeenSuicide Awarenessand Prevention MemorialEndowmentFund EndowmentFund DavidM. BachopAwardFund WilliamE.and Marion(Thelma)IngledewF, TheRachelPaul PublicHealth Bursaries Fund The DonaldAlexanderBaxterFund FiroozehShahryarIranshad jamshedK.PavriMemorial SaraleeJames MemorialAwardFund of the AssociatedBoardsof Healthof BC MemorialFand BergquistFamilyMemorialFund Jambor RossandAgnesPendletonFund Montyand KayJang and FamilyFund RalstonFamilyFund FamilyFund The The Herman BischoflFoundation Stanley H. PittFund Harrylerome ScholarshipFund RealtorsCareCharitableFund and HildaJames lODE. Fund Chades Fund The Bishop’sFoundation RobertE. Keithand EdithM. 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LangFundfor YoungFamilies The DouglasMcK.BrownChair Januszand ZofiaKallerMemorialFund JeannieRobertsonMemorialScholarshipFund of LawEndowmentFund Mr.andMrs.Pon PaulSchuloung(CCC.) IsabelMacmillanLattaFund The KanyaStudentAidTrustFund EndowmentFund Dr.Raymond,Violette The FrankC. BrownMemorialFund DorettaLee for MemorialFund and Auguste RochatFamilyFund St.George’s,ShawniganLake SecurityFund The Ernest E.BuckerlieldFund Schoolsand BrentwoodCollege S.K.Lee(Dr.Sun Yat-SenGarden) James HG. RocheMemorialFund ThePercyShallcrossFundforYouthTraining EndowmentFund The FrancisJ.BurdFund G. Peterand BarbaraE.KayeFund The ErnestTheodore Rogers1939Fund ShalomBranch#178 Alexandra LiberEroFoundation MaryBurwellMemorialFund GeorgeP. 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ANADIAN Youth SORRENTO Harmony ST. • UNION • UNITARIAN VICTORIAN RTS VANCOUVER • ‘IRTS tOYS’ IISTRICT Vouth • DISCRETIONARY I,SSOCIATION :ANADIAN :INDERELLA ERIC SCHOOL SCHOLARSHIPFUND :HOWN MEMORIAL& CHINESE UNITEO CHURCH 500 HAMBERSECONDARY AWARDSAND MICHAELSANDOVER-SLYMEMORIALFUND FORYOUTH EXCHANGEPROGRAM 9,623 ROYALCOMMONWEALTHSOCIETY- MAINLANDOF BRITISHCOLUMBIABRANCH 13,748 ERIC HAMBERSECONDARYSCHOOL SCHOLARSHIPFUND 9,320 :HRIST CHURCH CATHEDRAL 33,182 1 MISSIONS TO SEAMENIN THE DIOCESEOF NEW WESTMINSTER 790 THE ROYALWESTMINSTERREGIMENTASSOCIATION 4,401 • MARIA HETY1NGERMEMORIALAWARDSFUND 553 :HRISTIAN INTERNATIONALLEAOERSFOUNOATION • THE MISSIONS TO SEAMENIN THE DIOCESE THE SALVATIONARMY. CANADAWEST 317,887 • WHITi-AKERSCHOLARSHIPFUND 1,660 op NEWWESTMINSTERENDOWMENTFUND 65,703 :HURCH OF SAINTJOHN THE DIVINE 6o6 THE SALVATiONARMY BRITISHCOLUMBIA& YUKON 14,184 ESK-OMI MISSIONS INC. 35,336 -THE MISSIONS TO SEAMENIN THE DIOCESE :1-I’ OF BURNABY- BURNABYPARKS,RECREATIONAND CULTURALSERVICES THE SALVATiONARMYFUND OP NEWWESTMINSTERHERITAGEENDOWMENTFUND 2,787 17,536 EVANSLAKEFORESTEDUCATIONSOcIErS’ 965 DTYOF KAMLOOFS- DEFASTMENTOF PARKSAND RECREATIONSERVICES 698 MON KEANGSCHOOL 1,OO0 SAMSULLIVANDISABIUTYFOUNDATION 3,635 ALUMNI BURSARYSocIErs 2,619 346 FAIRRRIDGE I :rrY OF PRINCEGEORGE - DEFARTMENTOF LEISURESERVICES MULTI-LINGUALORIENTATIONSERViCEASSOCIATiONFOR IMMIGRANTCOMMUNmES 817 SANDELYOUTH ASSOCIATION 18,102 FAMILYSERVICESOF GREATERVANCOUVER 99,483 :1w OF PRINCE RUFERT- DEPARTMENTOF RECREATTONSERVICES 265 MULTIPLESCLEROSISSOCIE1VOP CANADA,BRmSH COLUMBIADIVISION 34,748 SCHARATZEDECKCEMETARYBOARD 582 FAMILYSERVICESOP THE NORTH SHORE 40,856 .JTY OF VANCOUVER 4. NARAMATACENTREFOR CONTINUING EDUCATION 146,475 SCHOOL DISTRICY#39 . VANCOUVER 579 FEDERATIONOF BRITISHCOLUMBIANATURALISTSFOUNDATION 2,769 SOCIALPLANNINGAND HOUSING, CULTURALAFFAIRS 35000 NARAMATAFUND FOR CHRISTIANLAYLEADERSHIP 4,877 • LORD BTNG SECONDARYSCHOOL FUND 13,042 FINANCIALEXECUTIVESINSTITUTEVANCOUVERCHAPTERSCHOLARSHIPSOCIETY 4,670 VANCOUVERBOARDOF PARKSAND RECREATION 2,612 • POINT GREYSCHOOL SCHOLARSHIPSAND AWARDSENDOWMENTFUND NATIONALGALLERYOP CANADA 2,258 9,687 FIRST BAPTISTCHURCH 15,350 :1-I’ OF VANCOUVERHERITAGECONSERVATIONFOUNDATION 582 SCOUTS CANADA NATIONALNIKKRIHERITAGECENTRESOCIETY 972 FIRST UNITED CHURCH 91,071 :KNW ORFHANS’ FUND 6,625 • B.C. & YUKON PROVINCIALCOUNCIL NATIONALSPORT TRUST FUND 835 35,041 FRANKLINCOMMUNITYSCHOOL ASSOCIATION 162 :OAST FOUNDATIONSOCIETY(1974) 4,916 • BURNARYREGIONALCOUNCIL 2,464 THE NATURETRUST OP BRITISHCOLUMBIA i8,Sii FRASERACADEMYASSOCIATION 542 • INTERIORREGION COUNCIL :OLLEGEOF NEw CALEDONIA 25,360 29,372 NAUTICALPROFESSIONALEDUCATIONSOCIETYOF CANADA 1,107 THE FRASERINSTITUTE • VANCOUVER-COASTREGION 39,234 :DLLEGEOF THE ROCKIES 13,746 95,937 NELSON AND DISTRICYHOSPICE SOCIETY 854 FRIENDSOF CHAMBERMUSIC 12,720 SCULPTORS’SOCIETYOF BRITISHCOLUMBIA 1,464 :OLUNGw000 NEIGHROURHOODHOUSE SoCIETY NEW WESTMINSTERFOUNDATION 30,006 FRIENDSOP THE ROYALBRITISHCOLUMBIAMUSEUM 522 THE SEAFORTHHIGHLANDERCADETSOP CANADA 11,167 COLLINGW000 AMENITIESENDOWMENTFUND 140,734 NEW WESTMINSTERPUBUC LIBRARYBOARD 141 SELKIRKCOLLEGE COLLINGWOODNEIGHBOURHOODHOUSE SoCIETY ENDOWMENTFUND 722 GEORGE DERBYCENTRE 1,225 27,694 NORTH ISLANDCOLLEGEFOUNDATION 29,863 SHAUGHNRSSYHEIGHTS UNITED CHURCH :0LUMBIA VALLEYCOMMUNITYFOUNDATION 2,296 GIRL GUIDES OP CANADA B.C. DIVISION 92,014 4,683 NORTH SHORE COMMUNrYYFOUNDATION 17,397 SHAWNIGANLAKESCHOOL FOUNDATION :DMMUNITF ARTS COUNCILOF RICHMOND 11,728 THE GLENFIRSCHOOL Soclriv 4,044 NORTH SHORE COUNSELLINGCENTRESOCIETY 14,274 • SHAWNIGANLAKESCHOOL FOUNDATION 54,167 :DMMUNITYARTS COUNCILOF THE ALEERNIVALLEY 943 GLENLTON-NORFOLKSCHOOL Soon’ 39,563 NORTH SHORE INDEPENDENTSCHOOL SOCIn’ 21,622 • SHAWNIGANLAKESCHOOL PLAYFAIRBUBSARY 13,564 :OMMUNrrY ARTS COUNCILOF VANCOUVER 717 GOLDEN & DISTRICYCOMMUNITYFOUNDA-I1ON 2,493 NORTHERN LIGHTSCOLLEGEFOUNDATION 62,426 SHAWNIGANLAKESCHOOL FOUNDATIONFUND 1,319 :OMMUNITY FOUNDATIONOF THE NORTH OKANAGAN 7,084 GREEN THUMB PLAYERSSOCIETY 14,874 NORTHWESTCOMMUNITYCOLLEGE 32,612 SHUSWAPCOMMUNITYFOUNDATION 6,106 :OMMUNITY FOUNDATIONOF THE SOUTH OKANAGAN 14,625 HR. MACMILLANSPACECENTRE50Cm’ 32,497 OKANAGANUNIVERSITYCOLLEGE 37,072 SIMON FRASERUNIVERSITY 25,750 :0MMUNI-rF FOUNDATIONOF WHISTLER 3,542 THE HASTINGS INSTITUTEINC. 7,328 OPERATIONEYESIGHTUNIVERSAL 1,707 • SIMON FRASERUNIVERSITYBRIDGE ENDOWMENTFUND 323,617 :0M0X VALLEYCOMMUNITYFOUNDATION 135,386 HEARTAND STROKEFOUNDATIONOF B.C. & YUKON 70,158 OPHTHALMOLOGYFUND 412 • SIMON FRASERUNIVERSITYSCHOLARSHIPAND BURSARYENDOWMENTFUND 114,897 :0NGREGATI0N SCHARATZEDECK 582 HFBC HOUSING FOUNDATION 68 • GORDON M. SHRUM CHAIR IN SCIENCEFUND ORDER OF St JOHN PALLIATIVECARE FOUNDATION 719 77,707 HOLYCROSS JAPANESECANADIANANGUCAN CHURCH 421 :OURTENAYYOUTH MUSIC CENTRESOCIETY 8,781 • WOMEN’S STUDIESENDOWMENTTRUST FUND 61,755 ORDER OF St JOHN PALUATIVECARE ENDOWMENTFUND 358 :0WICHAN SYMPHONYSOCIETY 13,058 HOSTELLINGINTERNATIONALCANADA 544 • CENTBEFOR NORTH AMERICANBUSINESSSTUDIES ENDOWMENTFUND 21,736 OSPREYCOMMUNITYFOUNDATION 11,110 :RAF-iSASSOCIATIONOF BRITISHCOLUMBIA 10,031 THE INTERNATIONALCENTREFOR CRIMINALLAWREFORMAND CRIMINALJUSTICEPOUCY 11,939 SOCIETYFOR CANADIANWOMEN IN SCIENCEAND TECHNOLOGY 47,763 OUTWARDBOUND WESTERNCANADA 8,227 :RESTONVALLEYWILDLIFEMANAGEMENTAUTHORS-V 7,413 THE INTERNATIONALSOCIETYFOBTHE REFORMOF CRIMINALLAW 637 SOCIETYFOB CHILDRENAND Yotm-i OF B.C. 11,641 PACIFICLEGALEDUCATIONASSOCIATION 2,741 :111515INTERVENTTONAND SUICIDEPREVENTIONCENTREFDR GREATERVANCOUVER 12,700 ITALIANCULTURALCENTRESod’ 1,303 SOCIETYFORTHE EDUCATIONOF CHILDRENWITH SPECIFICLEARNINGDISABIUTIRS 22,769 PACIFICOTOLARYNGOLOGYFOUNDATION 44,287 :ROFTON HOUSE SCHOOL JACKAND DORIS SHADBOLTFOUNDATIONFORTHE VISUALARTS 26,185 SoCIETY FORTHE PREVENTIONOP CRUELTYTO ANIMALS- PROVINCIALOFFICE 74,038 PACIPICPARKINSONSRESEARCHINSTITUTE,VANCOUVER,CANADA 27,008 CROFTDN HOUSE SCHOOL ENDOWMENTFUND 121,076 JEWISHCOMMUNITYCENTREOF GREATERVANCOUVER 35,057 SOUTHGRANVILLESENIORS FRIENDSHIPCENTRESOCIETY 2,591 PACIFICRIDING POE THE DISABLEDASSOCIATION 36,533 CROFTON HOUSE SCHOOL GORDON BURSARTFUND 2,821 JEWISH FAMILYSERVICEAGENCY 40,396 SPIRIT OF THE NORTH HEALTHCAREFOUNDATION 723 PACIFICSALMON ENDOWMENTFUND SOCIETY 1,738,1OO :RDFTON HOUSE SCHOOL ENDOWMENTFUND 216 JEWISH HISTORICALSoon’ OF BRITiSHCOLUMBIA 10,617 SPORT B.C. 1,310 PABKSVILLE-QUALICUMCOMMUNITYFOUNDATION 10,934 DELTAASSOCIATIONFOR CHILD DEVELOPMENT 13,304 JUNIOR ACHIEVEMENTOF BRITISHCOLUMBIA 51,053 St ANDREW’SUNITED CHURCH 45,530 JAMSHEDK. PAVRIMEMORIALFUND 638 DELTACOMMUNITYLIVINGSOCIETY 570 JUNIOR LEAGUEOF GREATERVANCOUVER 9,616 St ANDREW’S-WESLEYCHURCH 911 PEACEARCH HOSPITALFOUNDATION 747 DELTAFARMLANDAND WILDLIFETRUST KALEIDOSCOPETHEATREPRODUCTiONSSOCIETY 12,679 St FRANCIS-IN-THE-WOODANGLICANCHURCH 2,361 PENINSULAARTS FOUNDATION 6,314 YVRWILDLIFESTEWARDSHIPFUND 162,584 KAMLOOPSFOUNDATION 7,951 St FRANCIS-IN-THE-WOODANGLICANCHURCH ENDOWMENTFUND 1,096 PHOENIX FOUNDATIONOF THE BOUNDARYCOMMUNITIES 6,252 IN STEWARDSHIPFUND 27,772 PARTNERS KEATSCAMPS 32,230 St GEORGE’S SCHOOL FOUNDATION PHYSICALMEDICINE RESEARCHFOUNDATION 2,503 DELTASSISTFAMILYAND COMMUNITYSERVICES 9,996 KENT-HARRISONFOUNDATION 7,235 • St GEORGE’SSCHOOL FOUNDATIONENDOWMENTFUND o,io8 PLAYHOUSETHEATRECENTREOF BRITISHCOLUMBIA 22,708 DIOCESEOF BRITISHCOLUMBIA 224 KETYLEFRIENDSHIPSOCIETY 12,312 • St GEORGE’SSCHOOL JOHN HARKERMEMORIALFUND 12,392 POWELLRIVERCOMMUNITYFOUNDATION 2,040 DIOCESEOF CALEDONIA 7,999 KOOTENATSOCIETYFOR COMMUNITYLIVING 4,989 ST.HELEN’SANGLICANCHURCH OF CANADA 12,314 PRINCEGEORGE COMMUNITYFOUNDATION • DIOCESEOF CALEDONIAMINISTRY 6j THE FUND 23,182 KWANTLENUNIVERSITYCOLLEGE 61,936 St JAMESCHURCH 6,343 PRINCE 13,057 • THE DIOCESEOF CALEDONIAMISSIONS TO SEAMENFUND 16,459 OF WALESSECONDARYSCHOOL FUND CHURCH LANGARACOLLEGEFOUNDATION 50,124 St JOHN’S (SHAUGHNESST)ANGLICAN 6,374 356 DIOCESEOF NEw WESTMINSTER 28,256 PRINCE RUPERTCOMMUNITYFOUNDATION ANGLICANHOME SOCIETY LANGLETCOMMUNITYMUSIC SCHOOL 12,725 St JUDE’S 30,135 2,240 DIOCESEOF YUKON 11,999 QUEEN ALEXANDRAFOUNDATIONFOR CHILDREN MARGARET’SSCHOOL 2,OOO LANGLEYFAMILYSERVICESASSOCIATION 854 St 34,790 DISABLEDSKIERSASSOCIATIONOP BRITISHCOLUMBIA 12,827 QUEEN MARGARST’SSCHOOL St MART’SANGLICANCHURCH KERRISDALE 790 LANGLEYSPECIALCARE HOMES Soon’ 88 21,120 DOUGLASCOLLEGEFOUNDATION 85,534 QUEEN’S UNIVERSITY St MICHAELSUNIVERSITYSCHOOL 9,823 THE LAURIEBINSTm.moN 21,816 5,648 DOUKHOBORHERITAGERETREATSOCIETY#1999 8,329 QUESNEL CDMMUNITYFOUNDATION St PATRICKSCHOOL 1,073 LEGALSERVICESSooni’ OF B.C. 1,636 12,572 DOWNTOWNEASTSIDERESIDENTSASSOCIATION 1,583 RRDISCOVRRTINTERNATIONALFOUNDATION St PAUL’SHOSPITALFOUNDATION 66,009 LESTERB. PEARSONCOLLEGEOF THE PACIFIC 126,532 DR.CAM COADYFOUNDATION 22,165 REGENTCOLLEGE St PAUL’SINDIANCHURCH PRESERVATIONTRUST FUND 19,263 LIONS GATE HEALTHCARERESEARCHFOUNDATION 14,161 11,343 DR. J.D. HOBDEN SCHOLARSHIPFUND 6,047 • REGENTCOLLEGEFUND St SAVIOURS PRO-CATHEDRAL 824 LIONS GATE HOSPICE SOCIETY 870 FUND 21,231 FOUNDATION • REGENTCOLLEGECHINESE STUDIES PROGRAMENDOWMENT DR. NDRMA CALDERSCHIZOPHRENIA 9,992 St VINCENT’SHOSPITALFOUNDATION 184,542 LIONS GATE HOSPITALFOUNDATION 261 5,833 REVELSTOKECOMMUNITYFOUNDATION DR. PETERAIDS FOUNDATION 845 STRATHCONAALUMNIAND FRIENDSASSOCIATION 2,037 LOWERFRASERVALLEYCEREBRALPALSYASSOCIATION 52,165 4 8,649 OF VANCOUVER RICHMOND FOUNDATION DR. SUN YAT-SENGARDENSOCIETY 16,502 FOUNDATIONFOR CHILDREN 127,917 LVSLEADERSHIPVANCOUVER SUNNY HILL SOCIn’ 10,452 255 DUKEOF EDINBURGH’SAWARD,B.C. AND YUKON DIVISION 52,396 RICHMOND HOSPITALFOUNDATION MAGEESECONDARY SCHOLARSHIPFUND SUPPORTINGBURNARYYOUTH SOCIETY 4,923 SCHOOL 8,997 12,446 ELIZABETHFRYSOCIETYOF GREATERVANCOUVER 12,893 RICHMOND PUBLICLIBRARY 6,223 MALASPINAUNIVERSITY-COLLEGE 29,201 SURREYFOUNDATION RICE HANSEN MAN IN MOTION FOUNDATION 1,341,410 EMILYCARRINSTITUTEOF ART AND DESIGN 23,444 THE DIOCESEop CARIBOO 4,583 MAPLE RIDGE-PITYMEADOWSCOMMUNITYSERVICESCOUNCIL 5,204 THS SYNOD OF RIDLETCOLLEGE 6,139 ENDOWMENTFOUNDATIONOF THE CHILUWACKFAMILYYMCA 11,699 SOCIETY 213 MARPOLEWOMEN’S AUXILIARYTO B.C. REHARILITATIONSOCIn’ 38,444 T.A.S.TUTORING-AID ROMAN CATHOUCARCHDIOCESEOF VANCOUVER 14,387 61 52 -1 .- - 851 86i 412 1,121 5,531 1,185 68i 255 768 4,893 1,613 434 1,096 11,812 13,857 10,797 2,880 9,252 59,943 5,000 12,584 13,508 9,072 2,258 10,102 7,591 10,718 11,255 12,793 22,731 62,372 45,530 364,211 1,707 7,890 2,344 340,455 124,342 12,167 18a,ois 73,154 68,593 151,849 64,556 12,522 106,298 102,026 110,319 185,627 REMEMBRANCE FUND AND TRUST FUND MUSEUM SOCIETY DISABLED FUND SOCIETY VANCOUVER SOCIETY HEARING FOUNDATION FUND EDUCATION ENDOWMENT COLUMBIA OF SCHOLARSHIP SOCIETY CENTENNIAL SOCIEI-Y SCHOLARSHIP FOR BIOLOGICAL GREATER & PHYSICALLY SOCIETY ALUMNI SOCIETY HARD OF BRITISH CUFF ENDOWMENT CHILDREN SOCIETY FUND THE CENTRE FUND SCHOOL FOUNDATION DEVELOPMENT FUND FOUNDATION SOCIOy SCHOLARSHIP AND SOCIETY MARINE B.C. ASSOCIATION SOCIETY A5SOCIATION ASSOCIATION COLUMBIA FOR DEAF ORCHESTRA SOCIETY AND SCHOOL COLUMBIA OF BROWN (VON) CENTRE SOCIETY SOCIETY ONTARIO TRUST FOUNDATION DEAF MUSIC FOR HILLEL FOUNDATION COLLEGE CENTRE OF SOCIETY COLUMBIA THEOLOGY THEOLOGY OF ASSOCIATION BRITISH FOUNDATION SOCIETY JUNE ALUMNI SECONDARY MUSEUM CHOIR SOCIETY THE FOUNDATION PARKINSON’S ENDOWMENT GARDENS COMMISSION GARDENS FOUNDERS PUBLIC SCHOOL - CHILDREN’S FOUNDATION BRITISH CLUB OF OF S0CIETY FOUNDATION NURSES SOCIETY ASSOCIATION TORAH OF HISTORICAL LIBRARY FOUNDATION LIBRARY ASSOCIATION BRITH CHOIR SYMPHONY UNIVERSITIES THEATRE LIRRARY FOR CENTRE CULTURAL OF EVALUATION INSTITUTE AND OF CARE SUN BRITISH SYMPHONY SOCIn’ HOSPITAL ASSOCIATION SCHOOL CANADA HOSPITAL BACH SCHOOL SCHOOL OF SCHOOL BALLET B’NAI EAST CHRISTIAN CHAMBER CHINESE HISTORICAL COMMUNITY HOLOCAUST MARITIME MUSEUM OPERA POLICE PUBLIC ORAL PUBLIC RECITAL RESOURCE ROWING SCHOOL SCHOOL SYMPHONY RAILWAY SCHOOL SOCIETY TALMUD PUBLIC TECHNICAL YOUTH WALDORF YOUTH BOTANICAL BOTANICAL VANCOUVER ORDER VANCOUVER HEALTH EPILEPSY CONSERVATORY HIGH VANCOUVER READING INSTITUTE SYMPHONY UNIVERSITY CANADIAN RESCUE JUBILEE USC CLUB VISION MEN’S HOUSE HOUSE HOUSE PARLIAMENT OF VANCOUVER & COAST VANCOUVER VANCOUVER HOUSE DUSEN WEST ZOROASTRIAN VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER THE VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER VANCOUVER THE YORK VANCOUVER YORK THE VANCOUVER YORK VANCOUVER VANCOUVER VANCOUVER VAN VARIETY VANDUSEN VGH VERNON VICTORIA VICTORIA VICTORIA VICTORIA VICTORIA VICTORIA VICTORIAN WEST VOLUNTEER THE WESTERN WESTERN WESTMOUNT WHISTLER WILDLIFE • WORLD • YORK • YOUNG YOUTH YWCA ZOROASTRIAN THE 516 540 680 zs6 ss8 780 7,155 1,707 9,985 217 3,377 1,320 io,6i 1,749 12,376 20,285 29,121 71,413 1,514 11,189 7,520 56,919 6,oi6 29,026 38,649 15,584 32,295 111,355 55,205 14,894 21,753 2,645 15,434 43,071 72,643 69,605 4,695 33,450 43,669 264,421 30,764 20,705 34,289 283,649 22,509 27,105 370,378 102,256 47,472 31,867 41,709 43,392 61,645 48,068 375,481 93,962 341,935 49,758 1,351,704 1,130,420 542,509 FUND ART FUND FUND OF FUND ENDOWMENT MAINLAND FUND FUND ENDOWMENT BRANCH FUND ENDOWMENT FUND ACQUISITIONS FUND SOCIETY FUND FUND FUND LOWER ENDOWMENT FUND THE FUND HEALTH FOUNDATION THE FUND FUND FUND FUND FUND ADMINISTRATION COMPANY MANAGEMENT FOR ENDOWMENT FUND OF SERVICES VANCOUVER FUND ENDOWMENT ENDOWMENT - SCIENCES EDUCATION ENDOWMENT IMMUNOLOGY FUND FOUNDATION ENDOWMENT ENDOWMENT ENDOWMENT PROGRAMME ENDOWMENT WAY FUND FUND CENTRE FUND ENDOWMENT FOUNDATION OF FOUNDATION EDUCATION FUND MEDICAL AND BUSINESS BURSARY VALLEY LIBRARY FUND COMMUNITY LAW FUND FUND SPEECH EDUCATIONAL ECONOMICS CANADA COLUMBIA BUESARY LAW ENDOWMENT ENDOWMENT FELLOWSHIP ENDOWMENT LIBRARY IN SCHOLARSHIP OPERA HEALTH PEOPLE CENTRE OF AND UNITED IN AND CHAIR ENDOWMENT ENRICHMENT ENDOWMENT FOUNDATION SCIENCE MAINLAND OF SURGERY AND HEALTH FUND AND CARIBOO MAINLAND FRASER MAINLAND COLUMBIA AND FUND THE COLUMBIA OF ENDOWMENT MUSIC ENDOWMENT BRITISH MUSIC MUSIC MUSIC APPLIED SCHODL CHAIR ENDOWMENT PERSONNEL FUND OPHTHALMOLOGY MEMORIAL THE AT MUSIC THE AND ASSOCIATION ENDOWMENT RETIRED CHAIR LOWER (VANCOUVER) RESEARCH FUND FUND OF OP OP OF FOUNDATION HEALTH ENDOWMENT MARINE ENDOWMENT COMMUNITY RESOURCE FOUNDATION OF LOWER LOWER OF CANADA OF OF FELLOWSHIP COMMERCE SOCIETY GRIFFITHS FOUNDATION FOUNDATION BRITISH 12 CHAIR FUND EDUCATIONAL FOR MCDONELL UNIVERSITY PENSIONS BRITISH THE FUND COMMUNITY ASSOCIATION AIDS MEMORIAL OF SCHOLARSHIP HOSPITAL AUDIOLOGY BROWN CRANE RUN CSANBROOK THE GALLERY GALLERY OF GIVING THE OWEN OF RELIEF OF OF VICTORIA VICTORIA, CHILD OF GALLERY MINISTRY SCHOLARSHIP OF NORTHERN ORPHANS VICTORIA S. EMILY OF OF MEDICINE OF SECONDARY ELLIOT DEVELOPMENT ACADEMY ACADEMY ACADEMY Fox GF ACADEMY OF ART ART COLLEGE COLLEGE OF MEDICINE WAYNE MCK. AIDS. COMMERCE ACADEMY VANDUSEN OF AQUARIUM OF DISABIUTY ART AND WAY OF EMPLOYEES PRESIDENTS CHARITABLE . WESTERN ALUMNI PROGRAM CHINESE AND NATIONS CHURCH WAY WAY WAY FACULTY DEPARTMENT CHARLES CHARITABLE OP CONFERENCE REGIONAL PLANNED W000WARD POLIAKOFF - - - ALUMNI ASSOCIATION DISASTER Wi. CKNW EDUCATIONAL ULTRASOUND PATHOLOGY SCHOOL TERRY G.R.F. WALTER UNIVERSITY UNIVERSITY TEAL/TESOL TEAL FOR DIVISION DEPARTMENT B.C. UNITED FRANK MICHAEL U.B.C. U.S.C. U.S.C. DEAN FACULTY NAN • THE U.S.C. MOTHER • C.N. DR. TEAL PAEDIATRIC THE TELUS OPHTHALMOLOGY TEMPLETON USC UBC GERIATRIC DOUGLAS B.C. TRINITY UBC THE THE TRAIL THE THE USC UNIT UNITED UNIVERSITY THE UNIVERSITY UNITED • • • UNITED UNITED UNITED VANCOUVER • VANCOUVER • VANCOUVER UNITED VANCOUVER • UNIVERSITY UNIVERSITY VANCOUVER VANCOUVER • • • THE • • • • • • • • • • • • • • • • • UNIVERSITY UNIVERSITY • • THE VANCOUVER V.C.C. • • VANCOUVER • • VANCOUVER • • VANCOUVER VANCOUVER F 0 U N DAT ION VANCOUVERFOUNDATION 1200—555 West Hastings St. Box12132, Harbour Centre Vancouver,BC V6B4N6 :1 Tel:604.688.2204 Fax: 604.688.4170 E-mail: info@vancouveoundationbcca Fasken Martineau, through its Charities and Not for Profit Practice . Website: MARTINEAU Group, is privileged-. to be general counsel to Vancouver Foundation - www.v,icouverfoundation.bc.ca Beyondresults.” - . -, . -, ‘4t 4%/ Vancouver Foundation, 2015 © 2015 by the Vancouver Foundation. Vancouver Foundation Annual Report 2002 is made available under a Creative Commons Attribution 4.0 International License. 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