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2018-2019 Annual Report

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2018-2019 Annual Report Leave a lasting Legacy for the Swan Valley Community Foundation of Swan Valley 2018-2019Annual Report ounded in 2005 by visionaries Doug Hinchliffe, Rex Leach, F Conrad Robinson & Beggie Palsson, the Community Foundation of Swan Valley fund has accrued more than 2.4 million. ur Objectives - promote - support - assist - advance arts, children, community Oagriculture cultural & enhancement sports & youth & activities & & rural education of the recreation heritage seniors facilities living activities environment programs On April 11th, 2019 the Community Foundation of Swan Valley had the privilage of bestowing a great honor on local Community Foundation founder Douglas Hinchliffe, recipient of the Sovereign’s Medal for Volunteers. Sovereign’s Medal for Volunteers is described as; “Passion, dedication and a commitment to community are the driving forces behind the volunteers who receive the Sovereign’s Medal for Volunteers. The medal recognizes the exceptional volunteer achievements of Canadians from across the country in a wide range of fields and pays tribute to the dedication and commitment of volunteers. They embody the caring country we aspire to build.” Congratulations Doug. eport From The Board Lorne Henkelman R Chair, CFSV Board of Directors Philanthropy has been described as ‘the practice of giving money and time to help make life better for other people’. Since our beginnings in 2005, the people of and those with connection to the Swan River Valley have demonstrated a wonderful example of philanthropy in action. The CFSV is once again pleased to be able to report on another year of significant growth. During the past fiscal year, your Foundation has received just over $547,000 in new contributions and has now reached $2.422 million in contributions since 2005. As well, over the past year, the market value of the assets of the Foundation has increased to $2.948 million. The Foundation has earned a 9.59% rate of return on its investments over the past 5 years. And, for the first time in our history, the Foundation was able to distribute over $100,000 in annual grants and scholarships during the year, bringing our total giving since 2005 to $686,000. Thank you to everyone that has contributed to the CFSV, whether with your financial contributions or with your volunteer time and energy. The work of the CFSV is something we can all be proud of and excited about. oard of Directors B 2018-2019 Lorne Henkelman, Chair Tim Mendel, Vice-Chair Glenda Foster, Director Lynda Parsons, Director Kathy Eggie, Secretary Ryan Immerkar, Director Max Polon, Director Henry Rasmussen, Treasurer Teresa McKay, Director Barry Stephen, Director Donna Martin, Executive Director June McKenzie, Director Lew Taylor, Director Austen Anderson, Youth In Philanthropy Representative ow We Are Growing H Established in 2005 with a fund of $112,666, a total of $1,400 was gifted back into our community. 15 years later the endowment fund has grown to $2.9 million. CFSV offered two granting opportunities to the community, one in the fall of 2018 and then in the spring of 2019. In total the fund was able to meet the needs of 37 non-profit or charity organizations looking for support to expand programming, purchase equipment, assist with education, issue scholarships & awards or rejuvenate infrastructure. A total of $87,600 was granted. tatement of Financial Position As of June 30th, 2019 S Operating Fund Endowment Fund 2019 2018 ASSETS CURRENT Cash $ 57,747 $ - $ 57,747 $ 39,481 Term deposit (Note 3) 102,747 - 102747 86,063 GST receivable 435 - 435 439 Interest receivable 867 - 867 438 Prepaid expenses 2,500 - 2,500 2,050 164,296 164,296 128,471 INVESTED WITH THE WINNIPEG FOUNDATION (Note 5) 3,032,763 3,032,763 2,488,091 $ 164,296 $ 3,032,763 $ 3,197,059 $ 2,616,562 LIABILITIES AND NET ASSETS CURRENT Accounts payable 3,610 3,610 2,781 Grants payable 35,054 35,054 25,499 Deferred income (Note 6) 87,584 87,584 70,063 126,248 126,248 98,343 NET ASSETS 38,048 3,032,763 3,070,811 2,518,219 38,048 3,032,763 3,070,811 2,518,219 $ 164,296 $ 3,032,763 $ 3,197,059 $ 2,616,562 This statement has been audited by PKHC Chartered Professional Accountants in accordance with Canadian generally accepted auditing standards. The finanacial statement of the Community Foundation of Swan Valley Inc. are available for public viewing at the office of PKHC Chartered Profesional Accountants. rant Committee & Grants Kathy Eggie Tim Mendel Glenda Foster Lynda Parsons 2018-2019 G Lorne Henkelmen Max Polon Ryan Immerkar Henry Rasmussen Teresa McKay Barry Stephen June McKenzie Lew Taylor Fall 2018 Grants - $46,395 Benito Child Care Centre, Centre Expansion - Storage Cabinets Benito Legion Ladies Auxiliary, Legion Hall Window Replacement Benito Skate Park, Development of Infrastructure - Construction Bowsman Early Learning Centre Inc., Development of Infrastructure - Construction CMHA - Swan Valley Branch, Establish Theraputic Centre Ecole Swan River South School, Multiple Use Sport Jerseys - Middle Years Minitonas 4-H Beef Club, Portable Panels North-West Regional Library, Purchase of 2 new Library Chairs Royal Canadian Legion Branch #39, Refurbish Swan River War Memorial Cenotaph Swan River Golf & Country Club, Kitchen Equipment upgrades Swan River Minor Hockey Association, Rink Divider Project Swan Valley Band Booster Club Inc., Band Instruments Swan Valley Cheetahs Gymnastic Club, Upgrade of Gymnastic Equipment Swan Valley Regional Secondary School (Physical Education), New Volleyball Uniforms - Varsity Swan Valley School Division - Apple Schools Program, Programming Support Taylor School Parent Advisory Council, Playground Enhancement Town of Swan River - Communities in Bloom, Desert Planter for Park & Main Street Town of Swan River Recreation Department, Toddler Slide for Aquatic Centre Wellman Lake United Church Camp, Water System Upgrade Spring 2019 Grants - $17,500 Benito School PAC, String Instrument Purchase Big Woody Light Horse & Beef Club, 4H Show Equipment Birch River Northern Neighbors, Hall Repairs Birch River Recreation Commission, Birch River Pool Repair ESRSS Daycare Inc., Storage Shed Lavendar Good Neighbor Centre, Hall Improvements 2019 MB 55 Plus Games, Sports Equipment Minitonas & District Arena, Zamboni Purchase Sunflower Early Learning Centre Inc., Physical Activity Equipment & Storage Swan River Adult Education, Grad Gowns Swan River Community Centre, Facility Upgrades Swan River Valley Agricultural Society, Bathroom Accessibility Renovation Swan Valley Trails Association, Trail Grooming Equipment Valley Mountain Recreation Inc., Red Cross Swimming, Program Expansion & Equipment Youth In Philanthropy - $2,500 Swan Valley Regional Secondary School Varsity Girls Basketball, Uniform Purchase Swan Valley Regional Secondary School (Drama Department), New Stage Spotlight Taylor Schoool, Wireless Headsets for Music Program Fall Granting - 2018 Spring Granting - 2019 Peter and Doreen (Novak) Terekoff met eaving a lasting legacy through a love of teaching. They were married in 1965 and brought 2 sons in to the Peter & Doreen Terekoff in memory of world, David and James. L David & Dr. James Terekoff Both boys went on to be highly successful students. David pursued his secondary education at the University of Manitoba in the faculty of Medicine. James graduated with his Doctor of Optometry after completing his four year degree at Waterloo and an internship in Oxford England. Long before their time, tragedy struck both boys with the untimely passing of David in 1987 and James in 1996. Despite these devastating loses, Peter and Doreen continued to share their love of education with their students and the community as volunteers. Doreen was very involved in diabetic education and counseling, and Peter was part of several high level boards including the Swan Valley Credit Union and the Swan Valley Co-op. In memory of David and James, the Terekoffs started two memorial scholarship funds in David each of their sons names. Keeping in line with their high standards of educational excellence, the recipients of the cholarship David Terekoff Memorial Scholarship must also be a recipient of the Governor Generals Academic Funds Medal, having graduated with the highest grade S point average. Matt & Monica Black Education Fund The Dr. James Terekoff Memorial Bursary is BPO Elks Lodge Fund awarded to the student who has persevered Cherban High School Education Fund with a high level of academic achievement Cherban Post-Secondary Education Fund despite a chronic illness or a severe health issue. Bill Davy Bursary Fund Isabelle Davy Bursary Fund In June of 2019, Peter Fedorchuk was the recipient Filuk Scholarship Fund of both of these awards. May Johnston Bursary Fund John and Ida Kastrukoff Bursary Fund Dr. Rex & Bev Leach Animal Health Scholarship McKay Family Bursary Fund Prince Arthur Lodge #105 Scholarship Fund Jud Scales Memorial Education Fund S R Auto Salvage-Delbert Davy Fund Swan Valley Credit Union Scholarship Fund David Terekoff Memorial Scholarship Fund Dr. James Terekoff Memorial Bursary Fund James The Cherban twins were born on April 8, eaving an lasting legacy 1937 in Winnipegosis, MB. They attended Cherban Endowment Fund for school in Winnipegosis and as young boys worked on the docks in the fishing Agriculture & Rural Living L industry and later in their life they went Port of Churchill commercial fishing. From here the Grain Elevator brothers continued their hard work ethics and moved to Churchill, where they worked at the grain terminal at the Port of Churchill for approximately 25 years. From the wages they earned here Sandy & Marvin sent money home to their parents to help care for them. As young men the Cherbans always thought they wanted to farm, so in February of 1970 they purchased, with cash, 3 quarters of land (480 acres), located 8 1/2 miles north east of Birch The Cherban Farm River. NE of Birch River Home built by the brothers The Cherban brothers knew very little about farming and were quickly taken under the wings of two neighboring families, the Bohnhardts and the Thompsons.
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