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2011 Report to the Community

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2011 Report to the Community Chartered Accountants Education Foundation of Alberta Report to the 2011 Community sup-port (verb) \\sə-ˈpȯrt\ 1) to promote the interests or cause of 2) to provide substantiation 3) to pay the costs of 4) to provide basis for the existence or subsistence of 5) to hold up or serve as a foundation 6) to keep (something) going ed·u·ca·tion noun \ˌe-jə-ˈkā-shən\ 1) the action or process of educating or of being educated; also: a stage of such a process 2) the knowledge and development resulting from an educational process Courtesy of Merriam-Webster. Contents 3 Board of Governors 4 A Message From the Board Chair and Executive Director 5 Paying it Forward 7 A CAEF Fundraising Campaign 9 Steve Allan fca Profile 11 Making Sense of Dollars—A Student Perspective 12 List of Paying it Forward Donors 13 Donor Profile 14 Brian Ross fca Makes a Difference 15 Student Support CAEF EXECUTIVE DIRECTOR 16 Don Wilson ca Memorial Scholarship Recipient Jane Halford ca 17 James C Miller fca Bursary in Accounting Recipient EDITOR Jamie White 18 CA Bridging Program Students Grateful For New Opportunities CONTRIBUTORS 20 List of Student Awards Oscar Barzilay-Lamers Katie Starratt 21 Support for Accounting Educators Gordon Turtle 23 Stuart Jones receives CAEF Triple Crown PHOTOGRAPHY 25 CAEF Conference Unites Business Leaders with Academic Leaders Laughing Dog Todd Korol 26 PhD Support Program Drew Myers 27 News and Highlights GRAPHIC DESIGN Cover photo: Shane Scott and Sabrina Poonja, Alberta high school students and Sabrina Poonja, Shane Scott photo: Cover Nathan Webb 28 How the CAEF Supported Business Education in 2010/11 1 Attracting the best and the brightest Established more than a quarter century ago, the Chartered Accountants Education Foundation (CAEF) of Alberta is the Alberta CA profession’s charitable arm, dedicated to enhancing business and accounting education in the province. The Foundation exists to promote the profession by providing support to students, accounting educators, post-secondary institutions and special projects. 2 Board of Governors Bob Twerdun ca, Chair “ It is an exciting time to be MNP LLP, Calgary involved in the Foundation. As Karen Munjak ca, Secretary-Treasurer a CA, I am happy to have this Willsey Davis & Co. LLP, Grande Prairie opportunity to give back to the Joanne Belliveau ca profession. I encourage all CAs JR Shaw School of Business, NAIT, Edmonton to continue supporting the CAEF Lara Gaede ca Alberta Securities Commission, Calgary so that we can keep making a difference.” Ryan MacDonald ca Ernst & Young LLP Chartered Accountants, Calgary —Bob Twerdun ca Dan Silvester ca Silvester Real Estate Services Inc., Calgary Mike Shaikh fca Johnston Morrison Hunter & Co. LLP, Calgary Through the contribution of every Alberta Duncan Sinclair ca CA and additional generous donations, the Deloitte and Touche LLP, Edmonton CAEF has provided more than $11 million in Alex Tutschek ca support towards business and accounting Boundary Equipment Co. Ltd., Edmonton education across the province. 3 A Message From the Board Chair and Executive Director Welcome to our 2011 Report to the Community! people, from students who are bringing distinction Over the last year, the Chartered Accountants to themselves and their universities, to educators Education Foundation (CAEF) of Alberta has making a difference in the classroom, to CAEF been busy and productive, continuing the effective supporters who are determined to make a dif- delivery and enhancement of its annual support ference. These stories are proof that the future of programs. In addition, it has initiated exciting new Alberta’s business sector is clearly very promising. endeavors, such as its youth financial literacy The continued success of the CAEF is due entirely education project, Paying it Forward. to the tremendous support it receives each year Although the year was busy and eventful, the from donors. The CA profession has long been dis- CAEF managed to have some fun along the way, tinguished by the generosity and commitment of whether it was dancing in cowboy boots in Calgary CAs. Nowhere is that distinction more pronounced or sending young, bright-eyed Junior Achievers than in the way Alberta’s CAs give their time, talent on their way to a prestigious national conference. and financial support to the Foundation. We are proud of this year’s accomplishments and The CAEF is pleased to capture its annual prog- hope you enjoy reading the profiles and articles ress through this publication and share it with a that demonstrate the positive impact the CAEF is community of people who care as much as we having on the business and accounting education do about supporting business and accounting landscape in Alberta. education in Alberta. One of the primary goals of the CAEF is to support the many individuals who contribute to the devel- opment of Alberta’s future Chartered Accountants Bob Twerdun ca Jane Halford ca and business leaders. Throughout this report, Chair, CAEF Board CAEF Executive CAEF Chair Bob Twerdun ca and CAEF we share the stories of some of these dynamic of Governors Director Executive Director Jane Halford ca 4 Paying it Forward 5 PAYING IT FORWARD Guests enjoy the western-themed ICAA “Spur-tacular” held in September 2010 to celebrate the centennial of the CA profession in Alberta. The CAEF’s Paying it Forward campaign was officially launched at the Spur-tacular. 6 Paying it Forward: A CAEF Fundraising Campaign Financial literacy is a term that is gaining in rele- success often begins with a solid grounding in responsible as adults. Also boosting the fund, the vance and popularity—it is creating a wildfire effect money management. As strategic advisors, busi- CAEF received funding from the Government of comparable to that of social media. While there are ness leaders and financial experts, Alberta CAs Alberta’s Ministry of Culture and Community Spirit varying definitions of financial literacy, it can be are helping to pave the way for the province’s in the form of Community Spirit Grant. accurately summarized as having the knowledge youth through the CAEF’s current fundraising “Today’s youth have to deal with a maze of credit and skills to effectively manage money and make campaign—Paying it Forward. card offers, loans, and banking options”, says sound financial decisions. The need for financial The two-year initiative was launched in September Honourary Campaign Chair, Steve Allan fca. literacy education is a topic that is making its way 2010 at the ICAA’s Spur-tacular event, held at the “With a solid understanding of the basics of per- from the local newsroom to business boardrooms BMO Centre in Calgary. As a result of the event, sonal money management, youth will be able to government chambers and beyond. over $30,000 was raised to kick-start the fundrais- to tackle major milestones, like paying for post- The Chartered Accountants Education Founda- ing. The campaign will fund projects that give Al- secondary education or buying their first car, tion of Alberta believes that an individual’s future berta’s youth the tools they need to be financially with confidence.” To learn more about the Paying it Forward campaign, visit www.albertacas.ca/CAEducationFoundation/PayingItForward.aspx. 7 PAYING IT FORWARD 8 Steve Allan Profile “ As a father, I have seen how convoluted the world of personal Paying it Forward: Honourary Chair money management can be for young people. We, as Chartered Accountants, have the expertise to positively affect the financial knowledge of those following in our footsteps. I’m excited to As a Fellow of the Chartered Accountants (FCA) of the ICAA Lifetime Achievement Award. He is with more than 40 years of experience in corporate presently most active as Chair of the Canadian ‘pay it forward’.” restructurings, corporate bankruptcies, receiver- Tourism Commission, director of Compton Pe- ships and complex corporate litigation matters, troleum and was recently appointed a Trustee Steve Allan fca was the obvious choice to head of the Neyaskweyahk Trust (a trust fund for the the CAEF’s Paying it Forward Campaign. Ermineskin Cree Nation). His list of affiliations is long, highlighted by his role as Governor for An active member in the community, Steve has an the Canadian Institute of Chartered Accountants extensive resume of volunteer activities, including (1992–1993) and involvement in the Canadian a term as President of the Institute of Chartered Association of Insolvency and Restructuring Pro- Accountants of Alberta (ICAA). Currently, Steve fessionals, the Insolvency Institute of Canada and has taken on the role of director of the Calgary the Association of Certified Fraud Examiners Stampede Foundation and the McMahon Stadium (1994–2009). Society. Steve is also active with his Rotary Club’s Stay In School mentorship program, including a When asked by Executive Director, Jane Halford ca if he would be interested in taking on the role of . Honourary Chair of the Paying it Forward campaign it Forward Chair of the Paying . Honourary new initiative that has a goal of improving high Honourary Chair, Steve graciously accepted. “I am fca school graduation rates of Aboriginal students. truly delighted to be the Honourary Chair of the Equally as active in the profession, Steve is Vice CAEF’s Paying it Forward campaign. I feel this is a President of the Corporate Restructuring Group at great opportunity for the profession to get behind Steve Allan Steve RSM Richter in Calgary, and is a previous recipient an important issue for today’s youth.” 9 PAYING IT FORWARD “Many teenagers just see money as something that is there and they don’t understand how far a dollar can go, or the implications and outcomes of spending or saving it.” —Shane Scott, Alberta high school student 10 Making Sense of Dollars—A Student Perspective Meet Shane Scott and Sabrina Poonja, two high these require vital money management knowl- to more common situations that everyday indi- school students from Calgary who are interested edge.
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