2020

ANNUAL REPORT

INVESTING in POTENTIAL CHARACTER • SERVICE • LEADERSHIP The Loran Scholars Foundation is a national charity working in partnership Loran with universities, donors, and volunteers across the country to find and nurture young who show strength of character and commitment Scholars to service, challenging them to realize their full potential. make a NOT SIMPLY A SCHOLARSHIP – difference WE INVEST IN OUR COLLECTIVE FUTURE Taron Topham • We look beyond a student’s marks to find evidence of integrity, (Cronin Loran Scholar ’19) University of Saskatchewan determination, compassion, resilience, and a strong sense of inner Coming from the small farming community of direction. Grandview, MB, Taron Topham recognizes that becoming a Loran Scholar and moving to the • Our extensive network of 616 volunteers, 637 donors, and 527 alumni University of Saskatchewan in Saskatoon opened doors he never knew existed. “If I’d stayed in my supports and enhances each Loran Scholar’s growth, and amplifies home province, I wouldn’t necessarily have pushed their effect on the communities they serve. my boundaries," he says. "Being in a different situation encouraged me to switch from a Bachelor of Science to Nursing." • We believe our country needs unconventional leaders in every sector. As a first-year scholar, Taron quickly tapped We fund Loran Scholars to study in Canada and provide them with into the welcoming campus and community. He was involved with a Special Olympics fundraiser, a breadth of opportunities to enrich their education, so they re-invest joined an inter-faculty agriculture club, and played their talents in tackling our most complex problems and shaping recreational hockey. He also volunteered at The Student Wellness Initiative Towards Community Canada’s future. Health (SWITCH), a student-run non-profit clinic. When the pandemic brought him home to Since 1988, the Loran Scholars Foundation has been selecting and Grandview, Taron remotely completed his public policy summer. Working with Dr. Terry Bennett supporting thousands of exceptional young Canadians. (’94) at The Offord Centre for Child Studies, a research institute focused on child and youth mental health, exposed him to the role that different  $53.6M invested sectors play in improving healthcare outcomes. in more than 3,000 For Taron, it has been most meaningful to join “a students over 32 TABLE OF CONTENTS family from coast to coast to coast that I’m proud years to be a part of" and "a network that pushes me to The Loran Scholars Foundation 2 Building Community 24 be the best version of myself.” He says that the  134 current scholars Letter from the Chair & CEO 6 Volunteers 26 Loran community's support gives him the freedom at 18 different to pursue more than academic success, to explore The Loran Scholar Journey . 8 Donors 31 Canadian universities and gain new skills and confidence, and to be pursuing 53 distinct Alumni 10 Endowment Giving 42 surrounded by people who share and affirm his programs of study Our Selections Process 14 Financial Statements 43 values: The Class of 2020 16 Board of Directors & Officers 46 “Character, service, leadership come from  36 scholars selected University Partners 17 Honorary Council & Committees 47 within,” he reflects. “They help get you through both the troubling times and the times when you’re from 5,194 applicants Mentors 18 on top of the world.” in 2020 (’##) notes a Loran Scholar’s award year

Scholar Summers 20 Photos by Soy

The Loran Scholars Foundation 2020 Annual Report | 3 INVESTING IN THE GREATEST OF CANADA’S NATURAL RESOURCES: OUR YOUTH LORAN, short for Long-Range Aid to Navigation, is a system that uses three points to determine one’s course for a long journey. The Loran Scholars Foundation identifies and supports young people who demonstrate our three core values: character, service, and leadership. Loran Scholars navigate future paths of high potential, guided by these values.

The heart of our work is in finding and nurturing young people who are Long-Term Investment in Potential unafraid to challenge the status quo, who are insatiably curious, and who Loran Scholars are provided with a launchpad to realize their potential as future leaders for Canada. We encourage scholars to resist the temptation to take easy or conventional paths and want to contribute to a brighter tomorrow. We believe Canada will thrive if to seek out meaningful ways to contribute to Canadian society. Each Loran Scholar is granted a we ensure that these high-potential students are given the opportunity to renewable four-year award valued at $100,000, comprising an annual $10,000 living stipend imagine, explore, and create the future. and a matching tuition waiver from one of our 25 partner universities. Scholars are provided with up to $10,000 in funding for three scholar-initiated summers (in enterprise, public policy, and community development) facilitating practical tri-sectoral experience. For guidance throughout their time in the program, scholars are paired with mentors who challenge them and introduce them to their new communities. Loran Scholars use these opportunities to broaden and enrich their academic studies and develop their leadership capabilities.

Rigorous and Comprehensive Selection Process We search for young people who have the capacity to grow into leaders who can see us through future challenges. To select Loran Scholars, we look for qualities that a transcript alone cannot show: personal integrity and character; commitment to service and an entrepreneurial spirit; breadth in academic and extracurricular interests; strongly developed inner-directedness; and outstanding overall potential for leadership. Through a series of assessments and interviews providing opportunity for reflection, we select up to 36 Loran Scholars from over 5,000 applicants. We also grant more than 100 one-time entrance awards to provincial/territorial and national finalists annually.

Extensive Network We understand the value of connection and relationships for supporting scholars’ future successes, and we welcome them into an extended family of volunteers, donors, staff, and past and present scholars. Incoming Loran Scholars forge strong bonds by spending seven days together in Algonquin Park as part of an orientation expedition before beginning university. All in-stream scholars participate in an annual four-day retreat, forums, and a transition program during their graduating year. Our alumni come together and collaborate through their own regional hubs and larger reunion events. The Loran network enables connections to be made across years and disciplines and provides inspiration and motivation for our scholars.

The Loran Scholars Foundation 2020 Annual Report | 4 The Loran Scholars Foundation 2020 Annual Report | 5 THE LORAN COMMUNITY, GATHERING AT NATIONAL SELECTIONS IN FEBRUARY 2020

finalists to our National Selections in , where we identified our newest 36 Loran Scholars – THE YEAR IN REVIEW the class of 2020 – our largest cohort yet. A MESSAGE FROM THE CHAIR AND CEO The next month, as well all know, our world changed drastically. It is a testament to the committed and long-range view of our donor community that we, as a not-for-profit foundation, have fared so well despite the fiscal uncertainty that the COVID-19 In 1988, our founder Bob Cluett envisioned a world where students were evaluated not based on pandemic has brought. Although at year-end, Loran’s investments, like everyone else’s, were their transcripts, but on an unconventional measure that signaled their true potential: one that was suffering, we have rebounded as of the time of writing, making up the investment loss we grounded in who they were as a person, what unique capabilities and curiosities they brought to the incurred in FY2020. Thanks to the generosity of our community of donors, we raised a record table, and what they made of the set of opportunities they were given in life. More than what they did, $3.77M, putting us in good stead to realize our strategic goal of generating $20.3M for the Bob was interested in why they did it—how they chose to invest their time in their communities and the foundation by 2021. source of their motivation. He sought to recognize youth who showed kindness and grit, who led from a place of authenticity rooted in their own values, and who were driven to improve the situation for others, The same resilience and commitment to giving back is present in our network of Loran alumni. not just themselves. Over the course of this pandemic we have watched as many Loran alumni have stepped up And so Bob set out to build the world he wanted. He joined forces with nine other trustees, to help their communities weather these challenging times, from serving on the front lines in established a network of volunteers to help identify and select students, and brought on board five healthcare and raising funds for PPE, to advocating for better supports for marginalized populations university partners to co-invest in our first cohort of four Loran Scholars. and developing innovative solutions to support our efforts to flatten the curve. Alumni also came together to support in-stream scholars facing extenuating circumstances due to the pandemic, More than three decades later, that very model, founded on the generous contributions of our present dedicating a portion of the $178,000 raised in our alumni campaign to a COVID-19 Scholar network of 600+ donors, 25 university partners, and more than 600 volunteers, underpins our work Emergency Fund. Our 527 alumni are living examples of the long-term value of the investments we of seeking out the young people who are ready to build their leadership capacity as Loran Scholars and make in Loran Scholars. Their dedication to leading with integrity and serving others is a testament dedicated to reinvesting their talents to benefit the collective good. to Bob’s original vision. At the time of writing, we find ourselves in the midst of a global pandemic: a paradigm-shifting event Although the pages of this annual report reflect our 2019/20 activities which connected that has underlined not only the inequities that exist in Canadian society, but also the courage of others exceptional students with one another, for the balance of this year we have turned our focus to to serve in the presence of great risk and the indispensability of community—even amidst physical keeping our community safe. The work of the Loran team has centered on reimagining how to distancing. cultivate community online and take advantage of digital channels to enrich our programming. As Against this backdrop, our mission of finding the next generation of young people who will be our in-stream scholars embrace their new post-secondary reality, they draw on the grit, resilience, unafraid to tackle our future challenges is ever more important. The experiences they have over the and ingenuity that were identified in them when they were first named Loran Scholars. course of their four years as Loran Scholars equip them with broadened perspectives to seek solutions at As we collectively navigate our way out of this pandemic, we find hope in the optimism, the intersections of industries and disciplines, a deeper understanding of their responsibility to step up determination, creativity, and service-orientation of our Loran Scholars, alumni, and community. We when others won’t, and greater capacity to lead through uncertainty. are deeply grateful to all of you who enable us to continue our work of identifying and supporting Our 2019/20 year (May 1, 2019 – April 30, 2020), which this annual report covers, started very young Canadians who care about positively contributing to their communities. Together we will differently than it ended. Last summer our in-stream scholars travelled to 19 different countries on five rebuild the world we want—a world that is a better place for all. continents to expand their skill sets in one of three industries (public policy, community development, enterprise). In August 2019 we welcomed our cohort of 35 incoming 2019 scholars and sent them on our annual Outward Bound expedition in Algonquin Park to forge unbreakable bonds by pushing themselves out of their comfort zones in the wilderness. Beginning a new cycle with the help of more than 400 selections volunteers, we welcomed 380 exceptional students—out of 5,194 applicants—to in-person interviews in 24 different regions across the country. In early February 2020 we brought 88 Meghan Moore (’98), CEO R. Jamie Anderson, Chair

The Loran Scholars Foundation 2020 Annual Report | 6 The Loran Scholars Foundation 2020 Annual Report | 7 THE LORAN LIFELONG SCHOLAR Scholars stay connected as alumni, support future scholars, ALUMNI and re-invest their talents into COMMUNITY JOURNEY improving their communities. Loran is a community project built by hundreds of people who are committed NETWORK OF 11 ALUMNI HUBS to lifelong service and leadership. Supported by this community, Loran Scholars develop their leadership capacity through a four-year enrichment program before joining an engaged network of alumni who, in turn, give back QUADRENNIAL REUNION within and beyond the Loran community as donors, volunteers, and leaders.

FOUR-YEAR FOURTH-YEAR TRANSITION PROGRAM ENRICHMENT

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ANNUAL SCHOLARS’ RETREAT

ORIENTATION EXPEDITION

THREE PILLARS OF SUPPORT Our work is reliant on the generosity of a network of 600+ UNIVERSITY PARTNERS donors, 600+ volunteers, and 25 We believe that building a university partners who co-invest better future for us all starts in and support our scholars with our young people, and VOLUNTEERS throughout their journeys. that investing in them catalyzes a ripple effect that will be felt across Canadian society. DONORS

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LIVING LORAN Loran Alumni make a difference

Alison Lee (Redknee Loran Scholar ’09) Director of Operations, Breathe99 Montreal, QC “I find that Loran folks validate and affirm ideas like following your moral instincts and doing something that’s risky.” Looking back at her Loran experience, Alison Lee 2020 Alumni Hub Coordinators continuing to build community from afar. most values the community gatherings where she gained inspiration from talking to civic-minded people pursuing unconventional paths. Wherever their paths lead them, our scholars share a lifetime commitment “It’s always been important to me to avoid becom- ing too comfortable,” she says. A University of Waterloo to taking meaningful risks, supporting and strengthening their Nanotechnology Engineering graduate, Alison knew she communities, and leading with integrity. wanted “work that has an obvious connection to the public good.” She currently finds it in her role as Director The average age of our 527 alumni is only 30. Despite their youth, Loran alumni are taking of Operations for Breathe99, where the company’s prod- on challenging leadership roles and working towards solutions in every sector. uct—a lightweight, reusable, industrial respirator—has an immediate benefit in a pandemic world, but where the Throughout the year, alumni remain connected to Loran as volunteers, lending their company's mission stretches longer-term to accessible time and expertise to the foundation as assessors, selection committee administrators and public healthcare. interviewers, mentors, and fourth-year transition coaches. Since graduation, Alison has continued to give back  More than $178K and to support Loran candidates, scholars, and alumni The annual alumni campaign is a significant financial contribution to the foundation and raised by alumni in throughout their journeys as a volunteer and donor. A for- an important measure of how deeply invested alumni are in future generations of scholars. 2020 mer alumni hub coordinator, she remarks, “Those organic This past year, 73% of alumni contributed to the campaign and all donations were generously connections to the Loran network are so magical. It’s a matched dollar-for-dollar by the McCall MacBain Foundation as a contribution to our  73% of alumni way to connect with people outside of your daily bubble.” endowment. donated to the Meeting Loran Scholars both older and younger Our eight national and three international alumni hubs connect past scholars around the challenges Alison to push herself beyond her familiar foundation in 2020 globe. Each hub engages alumni through social, professional, and service-oriented gatherings. world: “Seeing how big students dream and how hard As the Loran alumni population grows, almost doubling by 2027, the hubs serve as intimate  11 active alumni they work is reinvigorating. It reminds me to think bigger networks that support alumni as they contribute their talents to Canada and the world. hubs connect an and broader.” She believes that the qualities Loran looks engaged community, for in young people, as well as the breadth and depth including 3 that she sees across the Loran community, are needed to address today’s complex problems: “I think the Loran of alumni have donated international hubs Award represents the values that our society needs to make necessary fundamental changes.” 96% a cumulative total of $1.96 million to the foundation

The Loran Scholars Foundation 2020 Annual Report | 10 The Loran Scholars Foundation 2020 Annual Report | 11 A healthcare futurist, Damon Ramsey (Loran Scholar DEVELOPING CITIZENS OF IMPACT '04) has forged a career blending his clinical expertise and command of software design. Eight years ago, he co-founded InputHealth, a digital health software company Loran alumni are giving back to their communities and pushing boundaries tackling the healthcare industry’s inefficiencies through patient-centered data collection and analysis. Led by in such fields as technology, the arts, finance, medicine, law, and science. Damon as CEO, InputHealth re-envisions health record- Though their work spans a multitude of sectors and disciplines, alumni keeping through its Collaborative Health Record platform, which helps patients and providers share information more share and continue to be guided by Loran’s core values of character, easily and supports integrated care. During COVID-19, this service, and leadership. secure, cloud-based platform has improved the ability to track and screen patients. In working to lead a paradigm shift in global healthcare, Damon is also a practicing An academic, family medicine and hospice physician, and physician and an associate clinical instructor at the educator, Amy Tan (Loran Scholar ’96) most recently University of British Columbia. served as Associate Professor of Family Medicine at the University of Calgary. Her passion for advance care planning, shared decision-making, and improving the patient experience drives her research work, medical education course designs, and health equity advocacy. Heather Holland (Loran Scholar ’98) serves as Executive She has been featured nationally for her work in Director at Peterborough Youth Services (PYS), a non-profit, anti-racism within medicine. Amy is also a volunteer social service counselling agency in Peterborough, ON. Under organizer of Masks4Canada, which advocates to all Heather’s leadership, PYS provides counselling and support to levels of Canadian government and the public to fight young people aged 10–18 and their families, as well as youth the transmission of COVID-19. She previously co-chaired justice programming. PYS has made its services accessible by the Undergraduate Education Committee at the College phone, video, and in person during COVID-19. Previously, Heather of Family Physicians of Canada, and volunteers annually worked as a Learning and Development Specialist at the with Loran. Amy looks forward to her next chapter after Centre of Excellence for Child and Youth Mental Health, and as relocating with her family to Victoria, BC, to take on the Executive Director at Planned Parenthood in Ottawa. She the position of Medical Director of Victoria Hospice and earned her Master of Social Work from Carleton University and engage in clinical, health service delivery, and research has volunteered with Loran as a mentor, assessor, interviewer, and work pertaining to equitable community-based palliative fourth-year transition coach. care, advance care planning, and hospice care.

Heather Doughty / INSPIRE : The Women's Portrait Project

Jérémy Boulanger-Bonnelly (W. Garfield Weston Loran Scholar ’11) is a Pierre Elliott Trudeau A note from our inaugural Cluett Fellow Foundation Scholar and a Vanier Canada Graduate Scholar, currently pursuing his Doctor of Juridical One of my greatest takeaways from this fellowship is Science at the and practicing how deeply our staff cares about all Loran Scholars, and at Norton Rose Fulbright LLP. His research explores how hard they are working to make this organization an the role of public participation in improving access even better one for scholars to come. The time I got to spend with to justice. Jérémy served as a law clerk to the scholars—connecting with them and hearing their stories—was by Honourable Clément Gascon at the Supreme Court of far my favourite part of this job. I've always looked forward to being Canada, and practiced as a lawyer in civil, appellate, with our community because of its contagiously uplifting energy, so and constitutional litigation in Montreal. In parallel it was amazing to have that feeling so often this year. It has meant to his research, he remains actively involved in the world to me to play a small part in their Loran journeys. access to justice initiatives, including as a pro bono Daniel Brown (’15) lawyer in two constitutional cases and as a volunteer 2019-2020 Cluett Fellow for Interligne’s LGBTQ+ legal information clinic in Montreal.

The Loran Scholars Foundation 2020 Annual Report | 12 The Loran Scholars Foundation 2020 Annual Report | 13 IDENTIFYING EXCEPTIONAL OVERALL PROMISE

5,194 1,000+ YOUNG DIFFERENT CANADIANS FROM CITIES APPLIED & TOWNS

40 380 164 50 We believe that a young person’s character is a better indicator of overall SELECTION STUDENTS STUDENTS PROVINCIAL/ potential than standard academic measures. Our rigorous selection COMMITTEES INTERVIEWED INTERVIEWED VIA TERRITORIAL ACROSS CANADA IN PERSON VIDEOCONFERENCE AWARDS process includes a written assessment, as well as individual and panel interviews with a diverse group of community-engaged Loran volunteers.

To find these young people, we enlist the help of guidance counsellors and teachers at NATIONAL FINALISTS approximately 3,500 high schools and Cegeps across the country. They recommend candidates INTERVIEWED who best demonstrate strength of character, commitment to service in the community, and 88 leadership potential. In addition, over half of our candidates apply independently through the direct pool. In 2019/20, we received 5,194 applications and interviewed 544 candidates in 24 regions across the country. On January 31 and February 1, 2020, the top 88 candidates attended our national selections weekend in Toronto, where eight committees and four national co-chairs selected 36 Loran Scholars – our largest cohort yet. Additionally, one-time entrance awards were 47 LORAN FINALIST SCHOLARS also granted to 47 finalists ($5,000) and 50 provincial/territorial award recipients ($2,000). The AWARDS 36 weekend was enhanced with enrichment programming to help prepare all finalists for the transi- tion to university.

VOLUNTEERS SERVE THROUGHOUT 400+ THE SELECTIONS PROCESS

The Loran Scholars Foundation 2020 Annual Report | 14 The Loran Scholars Foundation 2020 Annual Report | 15 Leilani Pearson Rebanks Family Loran THE CLASS OF 2020 Scholar UNIVERSITY PARTNERS ACROSS CANADA Hugh Boyd Secondary, Dhanishta Ambwani Lydia Hardy Richmond, BC Our 25 university partners demonstrate their commitment to supporting Loran Scholars and their Loran Scholar* Johnston Loran Scholar Margaux Roncière trust in our selection process by providing a matching annual tuition waiver of up to $10,000 for Leo Hayes High School, St. Stephen's All Grade, Scotiabank Loran Fredericton, NB Rencontre East, NL each student. This investment totalled $900,442 in 2019/20. We are grateful to these partners Scholar Dawson College, Dorval, QC for stewarding Loran Scholars throughout their undergraduate studies. Adithi Kanakadhara Ayden Harrison This university partnership provides Loran Scholars with a diverse range of academic opportun- Balaji John H. McArthur Loran Maryna Rusakova Rebanks Family Loran Scholar Scholar ities, while keeping scholars with extraordinary leadership promise in Canada. Temerty Loran Scholar École St. Patrick High School, Lillooet Secondary School, , NT Lillooet, BC Champlain College, St. Lawrence, Québec, QC Lavan Balendran Rubaiat Hye Ralph M. Barford Loran McCall MacBain Loran Taim Saeed Atlantic Canada Ontario Prairies Scholar Scholar McCall MacBain Loran Dalhousie University McMaster University University of Alberta Abelard School, Toronto, ON Westmount Secondary Scholar School, Hamilton, ON Memorial University Queen’s University University of Calgary Loyalist Collegiate & Victoria Champagne Kinsley Jura Vocational Institute, Mount Allison University Ryerson University University of Manitoba Lallemand Loran Scholar Gucciardi Loran Scholar Kingston, ON University of King’s College University of Guelph University of Saskatchewan Cégep Limoilou (campus de St. Peter Catholic High Sabah Sharif University of New Brunswick University of Ottawa Québec), Château-Richer, QC School, Orléans, ON Ralph M. Barford Loran Scholar University of Toronto Heather Chisholm Zelal Kaya F. W. Johnson Collegiate, Québec University of Waterloo British Columbia Regina, SK Rebanks Family Loran BMO Capital Markets McGill University Western University Simon Fraser University Scholar Loran Scholar Kylee Smith Rothesay Netherwood School, Tommy Douglas Secondary McCall MacBain Loran Université Laval York University University of British Columbia Quispamsis, NB School, Vaughan, ON Scholar Université de Montréal University of Victoria Govind Deol Alaa Khalaf Stamford Collegiate, Université de Sherbrooke Niagara Falls, ON McCall MacBain Loran BMO Capital Markets Scholar Loran Scholar Sumaya Soufi L.A. Matheson Secondary George S. Henry Academy, Wheaton Loran Scholar School, Surrey, BC Toronto, ON Ross Sheppard High School, in tuition waivers granted by Awa Hanane Diagne Maya Linsley Edmonton, AB Azrieli Loran Scholar Loran Scholar* $900,442 our partners in 2019/20 Marianopolis College, Montreal, Eastwood Collegiate Cole Stainer QC Institute, Kitchener, ON Loran Scholar* Birtle Collegiate Institute, We thank the following university representatives for the care they take in supporting our Mamanar Diasse Adam Luoma Birtle, MB scholars on campus: McCall MacBain Loran Scholar Rebanks Family Loran Eastdale Collegiate and Vocational Scholar Sydney Strocen Jeff Adams Karina LeBlanc Institute, Oshawa, ON Hammarskjold High School, Marilyn & Walter Booth Thunder Bay, ON Loran Scholar Teresa Alm John Lennox William Morton Collegiate, Loraine Au Tham Michelle Lowton Amar Farkouh Camille Maltais Langruth, MB McCall MacBain Loran McCall MacBain Loran Susan Barker Katie Merwin Scholar Scholar Kaiden Thompson Éric Bercier Lori Nolt Cégep de Sherbrooke, Cégep de Granby, Granby, Rebanks Family Loran Sherbrooke, QC QC Scholar Manoj Bhakthan Elizabeth Perez Katarzyna Farrell Adam Indian Head High School, Judy Casey Cara Piperni Indian Head, SK Loran Scholar* Matthews-Kott Benoit Chaloux Samantha Reid Riverview Rural High School, Dobson Loran Scholar Connor Watrych Ian Cull Guylaine Renaud Sydney, NS Inquiry Hub Secondary Applebanks Loran School, Port Coquitlam, BC Scholar Karen Danylchuk Julie Shink Giovanni Ferraresso Cai Mitchell Yorkton Regional High Cate Dewey Janet Teasdale School, Yorkton, SK McCall MacBain Loran Scholar Azrieli Loran Scholar Carolyn Eyles Sarah Wolgemuth Byrne Creek Secondary School, John Abbott College, Hudson, Anson Yu Elizabeth Fullerton Julie Zahab Burnaby, BC QC BMO Capital Markets Loran Scholar Bob Gibson Kylie Flynn Alexander Parsan R.E. Mountain Secondary Salomé Janse van Rensburg School, Surrey, BC Scace Loran Scholar Dobson Loran Scholar Ivan Joseph Marion M. Graham Collegiate, Heart Lake Secondary Saskatoon, SK School, Brampton, ON * indicates a scholar with an anonymous donor

The Loran Scholars Foundation 2020 Annual Report | 16 The Loran Scholars Foundation 2020 Annual Report | 17 Photo credit: Corporal Chris Ringius sense ofpride andthatthefuture is ingood hands." the hopeof thenext generation ofleaders. Yougeta that for anybodywho wants toinspire or harness “Being amentor with Loran is agreatwaytodo generation tonourish those whowilllead next: Paulbelieves itis theresponsibility ofhis oriented organizations. selections, alongsideYuna,andwithother youth- says, includingvolunteering withLoran’s regional a fire inmetodomore withengagingyouth,”he over thepast four years has gonebothways. “Itlit Yuna Im(BMOCapitalMarkets Loran Scholar ’16) program, hefoundthattheexperience ofmentoring the “seamless” structure ofLoran’s mentorship own decisionsandperspectives. Remarking on sharing aboutthemwillhelpinform his mentee’s pass onhis ownlifeexperiences, inhopes that For Paul,oneofthebest ways tomentor isto country writ large.” engaged notonlyintheir communities but inthe in thelives ofthese youthwhoare socaring and gives mentors anopportunity tomakeadifference that Loran isagreat foundationfor doingthat.It skills ofthenextgeneration,” Paulreflects. “Ithink more important nowthanevertohonetheleadership “Giventheposition we’re inwithsociety today,it’s interest. the country’s nextleaders”—when Loran piquedhis to “havesome smallpart inshaping thefuture of rise. Hewas lookingfor amentorship opportunity— of senior officers coaching thejunior officers onthe Lieutenant-Commander PaulSmithknewthevalue Over 28 years intheRoyalCanadianNavy, Halifax, NS Royal CanadianNavy Lieutenant-Commander, Paul Smith difference make a Mentors Loran The Loran ScholarsFoundation 2020Annual Report |18    132current mentors 1000+ mentorhours volunteered annually since 2005 engaged asmentors community leaders across Canada 415 businessand through theirfouryearsofundergraduatestudy. commit tosharingtheirexperiencesandnetworkswiththescholars representing abreadth ofprofessional andvolunteerinterests. Mentors 2005, ourone-on-onementorshipprogram hasinvolved415mentors the valuesofLoranandencourageourscholarstodosame.Since One ofourgreatest assetsisournationalnetworkofmentorswhoembody Graydon LLP(Blakes), Toronto, ON & ClientDevelopmentCoaching,Blake, Cassels& Alison Jeffrey,SeniorAdvisor, Strategic Initiatives McConnell Family Foundation, Montreal,QC Stephen Huddart,President &CEO, TheJ.W Vancouver,BC EmergencyHealthServices, BC Clinical &Professional Practice Research Lead, Jennie Helmer,Paramedic Practice Leaderand Kelowna, BC Community Foundation Okanagan, oftheNorth Leanne Hammond,ExecutiveDirector, Engage NovaScotia,Halifax,NS Danny Graham,ChiefEngagementOfficer, ON Bryan Gilvesy,CEO, ALUS Canada,Tilsonburg, Security, Battleford,SK North Heath Gabruch,Financial Advisor, RBC Dominion Battleford,SK North Jean Fauchon,Educator, JohnPaul IICollegiate, ON Barry Craig,President, HuronCollege,London, d'enfants, Montreal,QC Lyse Brunet,Retired ExecutiveDirector, Avenir Montreal, QC Counselling,McGillUniversity,Psychiatry Kyla Brophy(’06),MA&PhDCandidate, Mount SaintVincent University, Halifax,NS Elizabeth Bowering,Professor of Psychology, Cirque duSoleil,Montreal,QC Pierre-Luc Bisaillon,ChiefInformationOfficer, Cynthia Beach,Consultant,Kingston, ON of Public Health, Montreal,QC Thomas Bastien,President, Quebec Association of BritishColumbia,Vancouver, BC International CommunityEngagement,University Tamara Baldwin,Director, OfficeofRegional and Strategies Inc.,Edmonton, AB Michael Aherne,Consulting Principal, Responsive MENTORS FORTHECLASSOF2019

The Loran ScholarsFoundation 2020AnnualReport |19 .

Raymond James,Vancouver, BC Peter Wong,Vice President, InvestmentAdvisor, Sirius Personnel, Montreal,QC Dawn Williams,President andSalesRecruiter, University ofOttawa,ON Marie-Eve Sylvestre,Dean, Faculty ofLaw, Mississauga, Toronto, ON Policy andResearch, UniversityofToronto Anita Srinivasan,DirectorofAcademicPlanning, College,Kingston, ON Royal Military Margaret Shepherd,Chair, MBAProgramme, Ted Sehl,Principal, MGMT2GO, Kitchener, ON Consultant, Kingston, ON Vicki Schmolka,LawyerandPlainLanguage Fredericton, Fredericton, NB Community Foundation; Councillor, Cityof Kate Rogers,ExecutiveDirector, Fredericton ofCanada,Mono, ON Conservancy John Riley,ScienceAdvisorEmeritus,Nature University ofBritishColumbia,Vancouver, BC Wayne Rawcliffe,Professor of Commerce, ON WesternRecreation Services, University, London, Thérèse Quigley,Retired DirectorofAthleticsand Mount AllisonUniversity, Sackville,NB Rosemary Polegato,Professor of Commerce, MOSAIC, Vancouver, BC Eyob Naizghi,Retired ExecutiveDirector, Montreal, QC Nicolas Nadeau(’02),Consultant,SiaPartners, Asset Management,Toronto, ON Biff Matthews,Founder andChairman, Longview Ottawa Hospital,Ottawa,ON Nyranne Martin(’97),GeneralCounsel,The Saint Vincent University, Halifax,NS Ramona Lumpkin,President Emerita, Mount Myriam Legault,Retired Educator, Montreal,QC Sara’s community development summer, spent EXPERIENTIAL LEARNING AND DISCOVERY in London, UK, incorporated her ODI experience and provided an opportunity to act both globally and locally to promote the positive contribution of workers with disabilities. As a Program Officer with Business Disability International, Sara used social media to expand to a global community the organization’s campaign of positive messages about the contributions of people with disabilities. At the same time, Sara made a difference locally, working directly with the London business community to Exploring London, UK, during her second improve workplace accessibility and encourage the Loran summer (2018). inclusion of people with disabilities. Her experience in London also offered insights into different approaches and ways of thinking about issues such as accessibility. “It offers a different perspective. I’ve been able to use what I learned to continue the work later in Canada,” she comments.

Returning to Halifax for her enterprise summer, Sara’s internship at SaltWire Network, Nova Scotia’s largest newspaper company, was an excellent opportunity to “see behind the scenes” how the media industry works. As a Membership and Communications Intern, Sara sees her work, which included designing a campaign to promote news literacy among youth, as another means of empowering youth to be aware of and to speak up about the socio-political issues that affect us all. On a practical note, she remarks, “The experience I had working with the newspaper helped Meeting former Governor General David Johnston in Ottawa (2017). me understand how to better do my research and use the tools and resources that I have in order to work smarter and not necessarily harder.”

Summer experiences emphasize tri-sectoral leadership, expanding Reflecting on her Loran summer experiences, Sara notices that all three influenced her scholars’ understanding of Canada, the world, and themselves. Our perspective on the many directions her Medical Sciences degree could take her, and enlightened summer program complements scholars’ academic studies, providing her as to the intersection of public policy, community development, and enterprise. “They all inter- relate so much,” she says, adding that in any sector, “you can definitely have an impact.” up to $10,000 in funding to facilitate professional skill-building through practical work experience in the public, private, and non-profit sectors. Each scholar becomes familiar with policy creation during their public policy summer, explores grassroots non-profit work in their community development summer, and develops their capacity to work in a for-profit environment through their enterprise summer.

For Sara Abdessamie (BMO Loran Scholar ’16), her three Loran summer experiences transformed her early interest in supporting students with disabilities into opportunities to promote accessibility issues on a national and global scale.

Sara, who graduated from Dalhousie University in 2020 with a BSc. in Medical Sciences and Genetics, appreciated the opportunity to dive deep into broader issues affecting Canadians with disabilities in her public policy summer with the ’s Office for Disability Issues (ODI). As part of a large team preparing to introduce the country’s first Accessibility Act, her research led to a presentation and report on the role artificial intelligence can play in addressing disability issues. Sara says the summer in Ottawa added depth and breadth to an Learning how Halifax-based newspaper the Chronicle Herald has organized its archives (2019). interest in accessibility that began in high school and continued with her work with on-campus disability issues and as a member of the Prime Minister’s Youth Council.

The Loran Scholars Foundation 2020 Annual Report | 20 The Loran Scholars Foundation 2020 Annual Report | 21 OUR PARTNERS IN EXPERIENTIAL SUMMER LEARNING

ENTERPRISE Thrive Health (Vancouver, BC) "As employers, we are always in search of bright, curious, and productive people to join our growing teams. The Loran Scholars are just that, and we are lucky to have them work with us as we build software to empower patients through specialist care. They COMMUNITY DEVELOPMENT are a pleasure to work with and offer unique perspectives – the Canada India Wellness Initiative (Chettipalayam, India) only challenge is we don't want to give them up at the end of the "The Canada India Wellness Initiative (CIWI) has had Loran summer students summer!" each summer since 2015. Scholars have had to adapt to an often difficult Johanna Robertson, Marketing Director, Thrive Health environment, coming face-to-face with the many consequences of poverty, and also having many responsibilities with respect to logistical organization of medical care for over 400 school children. It has been amazing for our organization to see how the scholars have flourished in this environment and the incredible value that they have brought to our organization. Not only has each scholar excelled in the organizational and academic aspects of the PUBLIC POLICY program, but they have each brought a unique and distinct flair, and each left Women’s Shelters Canada (Ottawa, ON) their mark on the children and the school through original ideas and programs "Since its inception in 2013, Women’s Shelters Canada has had the that they have conceived of and led. Our Indian school administrators and pleasure of hosting a Loran Scholar. With a small team of four, their teachers now eagerly await the arrival of the scholar each year! We cannot say contributions have been of great value. All of them have been committed enough about our cherished Loran Scholars." and passionate about the work. They are flexible and eager to learn. As a Dr. Samir Gupta (Loran Scholar '95), Co-founder, Canada India Wellness Initiative, national organization based in Ottawa, we also very much value getting Community Development, Chettipalayam, Tamil Nadu, India the perspectives of individuals from across the country. We look forward to hosting future Loran Scholars." Lise Martin, Executive Director, Women’s Shelters Canada 2019 SUMMERS 83 ORGANIZATIONS 19 COUNTRIES 5 CONTINENTS

The Loran Scholars Foundation 2020 Annual Report | 22 The Loran Scholars Foundation 2020 Annual Report | 23 ORIENTATION EXPEDITION Through the generous support of Nancy and Bob Young, the incoming class of Loran Scholars participated in an Outward Bound orientation expedition in August 2019. The week-long excursion into Algonquin Park encouraged scholars to push their limits through teamwork, physical challenges, and risk-taking. This experience builds a shared sense of identity as Loran Scholars before they disperse across Canada to begin their first semester of university.

SCHOLARS’ RETREAT In August 2019, all in-stream scholars gathered for peer-to-peer learning, personal development, and reflection. Scholars created and led the weekend’s programming with presentations on the transition to first year, consent and bystander training, finding meaningful service, financial planning, developing authentic mentorship relationships, and making the most of summer experiences. Alumni facilitated sessions on anti-oppression training and mental health resources, and offered perspectives on how Loran values have guided both their professional and personal paths.

Building FOURTH-YEAR TRANSITION PROGRAM Our fourth-year transition program is designed to help scholars plan Community for next steps following their undergraduate studies. To kick things off, in advance of our 2019 retreat, fourth-year scholars came together for a day of programming and meetings with volunteer coaches. The program continued throughout the year, matching With 134 scholars currently studying at 18 different universities across scholars with alumni as well as community and business leaders the country, we believe in the value of building a community of young from our extensive network to help them make choices during this critical time in their growth. Our fourth-year transition program Canadians who inspire and motivate each other—together and apart. culminated in February at the fourth-year Scholars’ Forum. Each year, to facilitate this, our incoming class embarks together on an orientation expedition, and we bring in-stream scholars together for an SCHOLARS’ FORUM In February 2020, scholars attended our annual forum, which annual retreat, regional events, and our national scholars’ forum. celebrates and connects the newest and graduating classes as part of our National Selections weekend. The forum provided Even in these times of distancing, our community has banded together to keep uplifting, learning, an opportunity for these cohorts to learn from one another as helping, and staying in touch. From March 2020 onward, we have been taking proactive well as from Loran alumni and community leaders. Mikie Allan measures to help scholars stay safe while reimagining our offerings to ensure the Loran Scholar ('13) and Patrick Duncan ('06) led sessions on personal finance, experience is not diminished. To continue building community, we have hosted virtual gatherings and Mark Schaan (’97) facilitated a session about public policy. and transformed our programming online, taking advantage of digital channels to broaden our Michelle Dagnino (’98) spoke to fourth years about finding Scholars' Retreat and fourth-year transition program. Please reference page 6 for more information passion and purpose through work, while Laura D’Angelo ('01) about our COVID-19 response and efforts to be adaptive and flexible with our programming while presented to first years and finalists about building endurance we support our scholars through this uncertain time. and leadership capacity for the long haul. Scholars also received resume support from volunteer human resources specialists remotely before the weekend of workshops on planning, pathfinding, and developing employment and leadership skills to bolster their future endeavours.

The Loran Scholars Foundation 2020 Annual Report | 24 The Loran Scholars Foundation 2020 Annual Report | 25 Our work selecting and stewarding scholars to realize their potential relies upon a network of dedicated volunteers who assess and interview Loran our candidates, support our scholars, and serve on our board. These volunteers come from a variety of sectors and careers, and demonstrate in Volunteers their own lives the very values we look for in our scholars. make a Thank you to the 616 individuals listed below who collectively gave over 11,000 hours of their time last year. We are grateful for their generosity and belief in making long-term investments in difference young Canadians who demonstrate character, a commitment to service, and the potential to be future leaders.

Paul Larocque Aaron Levo Andre Simoneau Betsy Chaly President & CEO, Arts Umbrella Adam Lewinburg Vancouver, BC Andrea Geddes Poole Biff Matthews Adrienne Piggott Andrea Isbester Bill Crawford Paul Larocque vividly remembers his first minutes as a new Loran volunteer. “To say Adrienne DiPaolo Andrea Lehman Billy Allan it was a moving, inspirational moment is an Aine O'Flynn Andrew Kushnir ('98) Bonnie Hillman understatement. I was hooked from that day Ainsley Alexander ('03) Andrew Mills ('03) Brandi Read ('98) on,” he recalls. Akaash Maharaj Aneil Jaswal ('07) Brandon Nussey In over 18 years as a volunteer, Paul has served as a regional assessor, interviewer, and Akinrinola Famuyide ('04) Angie Clarke Brenda Fitzgerald chair; a national interviewer and chair; and Alex Draper Anièle Lecoq Brenda Ridgeley twice as a mentor. “Each of the candidates I Alexander Mazer ('97) Anita Punamiya Brian Cowan meet provides me with inspiration, and I always Alexander Way ('04) Anita Srinivasan Brian Duplessis walk away with hope in our future and pride in Alexandra Conliffe ('99) Anja Zeljkovic ('07) Brian Lowes the next generation,” he praises. Paul points out the immense impact of Loran Alexandra Schwabe-Simard ('09) Anna Foat Brianne Lewis ('04) alumni on every discipline: “These young people Alexandra MacLean ('03) Annaliese Loeppky ('15) Brianne Castonguay ('03) are encouraged and nurtured in their under- Alexandra Baillie Annamaria Enenajor ('02) Brigette DePape ('07) graduate years to develop compassion, courage, Alexandria Mitchell ('10) Anne-Marie Sorrenti Bruce Munro Wright and conviction in life, and ultimately, to be able to explore and better understand the world Alexane Saint-Amant Ringuette ('10) Annette Leibing Bryan Gilvesy around them so that they can make it better.” Alfred LeBlanc Anthea Rowe Caitlin Grady ('15) Loran’s mission, Paul says, is one for our Alice Chung Anthony Keating Caitlin Villeneuve times. “Now more than ever, I think we all Aline Cool Antoine Michaud Calee Blanchard ('98) realize our world is truly in the hands of our Alison Lee ('09) Ariel Charney ('11) Callen Hageman ('14) youngest citizens, and given everything we are  616 individuals experiencing, we look to them with so much Alison Chandler Astrid Muschalla Cameron Revington ('11) volunteered with the expectation.” He believes that Loran volunteers, Alison Jeffrey Atul Mahajan Candace Kielbiski therefore, have a unique and powerful oppor- Alix Dostal Avon MacFarlane Cara Piperni foundation in 2020 tunity to make a difference in Canada and the Allan Guinan Barbara Grantham Carley Friesen ('03) world by “finding and nurturing the promise of  Our 400+ selections character in young Canadians.” Allison Wylie ('04) Barbara Mullally Carly Sotas ('12) volunteers donate The students who become Loran Scholars— Amber Zirnhelt ('00) Barry Craig Carol Kehoe over 9,000 hours to thanks to the collective effort of hundreds of Amy Cervenan ('99) Beatrice Traub-Werner Carole Morrison volunteers—are “truly reflective of this country’s select each class of Amy Tan ('96) Benoit Chaloux Carolina Gallo diversity, so it’s absolutely critical that this is Amy Bartlett Loran Scholars also reflected in our volunteers,” Paul notes. Bernard Doucet Caroline Quinn ('06) “All of their voices will be represented and that Amy-Lee Kouwenberg ('01) Beth Malcolm Caroline Leroux Boulay  Over 40% of alumni will ensure that the program is successful. It’s Anamjit Singh Sivia ('12) Beth Skuy Carolyn Craven volunteer with Loran this wonderful cycle.” Anastasia Lukyanova Beth Webster Carolyn Van

The Loran Scholars Foundation 2020 Annual Report | 26 The Loran Scholars Foundation 2020 Annual Report | 27 VOLUNTEERS continued Erin Knight ('15) Inez Jabalpurwala Jim Mackey Karyn Palmer Linda Oland Maureen Hogan ('98) Esha Bhandari ('01) Irfan Dhalla Jim Willar Kate Morrison ('12) Linda Rodrigues Max Deschner ('09) Carson Falk ('10) David Ball Evelyn Foo Irfhan Rawji Jimena Michea Kate Gammal Lindsay Cameron Wilson Maya Fernandez ('08) Catherine Gagné ('08) David Caputo Eyob Naizghi Isabelle Cantin Joanna Gertler Kate Rogers Lindsey Li ('10) Megan Smith ('12) Catherine Fowler David Helliwell Filip Papich Ivan Joseph Joanne Cave ('09) Katherine Chamandy ('14) Lindsey Edmunds ('01) Megan Stone ('06) Catherine Fremont David Thompson Franca Gucciardi ('90) J. Paul Sabourin Joe Wiley Katherine Stewart Line Daly Meghan Payment ('13) Catherine Graham David Winsor Frances Neufeld James DiPaolo ('08) Joette Decore Kathryn Dingle ('07) Lisa Coltart Meghan Henry Cathie Borrie David-Martin Milot ('07) François Tanguay-Renaud James Appleyard John Campey Kathryn Lennon ('06) Lisa Liang Melanie Derynck Lightstone ('02) Chanel Fournier ('12) Dawn Williams ('98) Jamie King John Flintoft Katie Mattina ('09) Liseanne Forand Melinda Jacobs ('08) Chantal Tie Deb McNab Frank Iacobucci Janelle Joseph ('97) John Lennox Keanin Loomis Liz Stretch Melissa Creech Charles Larson ('03) Debbie Pella Gael Robertson-Craig Janelle Radey John Montalbano Keith Halliday Loree Gray Mélissa Généreux Charles Achampong Deepak Ramachandran Garth Yule Janet Smith ('95) John Mooney Kelly Burnett Louise Levitt Menon Dwarka Charlotte French Denise Cumming Gary Collins Janet Vivian-Walsh John Nightingale Kelly Pitaoulis Louise MacDonald Merel Veldhuis Cheryl Joseph Denise Zarn Geoffrey Beattie Janice Abbott John Phillips Kelsey Cameron ('98) Lucas Kruitwagen ('07) Michael Singh ('07) Cheryl Paterson Dennise Albrecht George Cooke Jasmine Urisk John Riley Kelsey Gunderson Luciana Quarin Michael Currie ('05) Chi Nguyen Derek Carlisle Gerard Greenan Jason LeJeune John Sanders Kevin Shahbazi ('07) Lyden Evers ('12) Michael Aherne Chris Cowperthwaite ('99) Derek Gent Ginny Devine Jason Shannon Jon Hantho Kevin Keough Lyse Brunet Jonah Clifford ('10) Kim Christensen Mackenzie Taylor Michael Beaini Chris Newton-Smith ('95) Diana Weir Gisèle Regimbal Jason Stanley Jonathan Paradis ('08) Kim Echlin Madeleine Brown ('11) Michael Johnston Chris Richards Dinu Bumbaru Gordon Martell Jay Potter ('02) Jonathan Burke Kim Fahner Maggie Mitchell Michaela Kuuskman ('07) Chris Wormald Don Campbell Grace McKenzie ('11) Jay Abramsky Jonathan Goodman Kimia Sorouri ('11) Mandeep Mahal ('04) Michelle Dagnino ('98) Christina Anthony Don Goodrow Graham Fox ('93) Jayden Wlasichuk ('15) Jorge Salazar Kira Page ('07) Marc De Koninck Michelle Hurtubise Christina McLeod Don Love Grant Mitchell Jean Fauchon Josée Green Kirk Wright ('14) Marc de La Bruyère Michelle Rupp Christine Corston Donald Johnston Greg Poelzer Jean-Marc Chouinard Joy MacPhail Kristin Erickson ('01) Marc Joiner Mike MacInnes Claire Gummo ('13) Donna Capern Greg Veres Jean-Philippe Julien ('01) Joy Weismiller Kristina McDougall Marc-André Simard ('09) Mike Marsh Claude Généreux Douglas Winslow Gurpreet Brar ('00) Jeanie Morton ('02) Julia Hiscock ('07) Kyla Brophy ('06) Marcia Moffat Mike Tanner Claude Lacroix Duane Elverum H. Sanford Riley Jeannie Scott Julia Lo Kyleen Myrah Marcy McCall MacBain Mike Walters Cole Smith ('13) Dylan Collins ('10) Haley Kawaja ('10) Jeff Henry Julianna Tan ('11) Laura O'Connor ('99) Margaret Shepherd Mikie Allan ('13) Conchita Tan-Willman E.M. Blake Hutcheson Haley Zarazun ('08) Jeff Richardson Julie Gibson ('95) Laura Thomson ('04) Margo Mingay Mischa Oak ('99) Connor Bays ('08) Ed Quilty Hanna Faghfoury Jeffrey Drummond Julie Van de Valk ('12) Laura D'Angelo ('01) Maria Churchill Mohammed Baobaid Conor Falvey ('06) Eddie Rutanga Hannah Holden ('09) Jenna D'Aurizio ('15) Julie Bissonnette Laura White ('00) Maria Pacella Morgan Vanek ('03) Constance Holman ('09) Elaine Lalonde Harley Mintz Jenna Gall ('10) Juliet Daniel Lauren Phillips ('99) Marianne Denis-Séguin Myriam Faucher ('13) Courtney Ch'ng Lancaster Eleanor McLaughlin Hayes Zirnhelt ('05) Jennie Helmer June Ipirq Shappa Laurie Lashbrook Marie-Eve Sylvestre Myriam Legault ('04) Elizabeth Sully ('04) Heath Gabruch Jennifer King ('98) Nada Ristich Cynthia Beach Justin Khan Lawrence Masterman Marin MacLeod ('09) Elizabeth Bowering Heather Holland ('98) Jennifer Partridge Justina Marianayagam Leah Secord ('10) Marina Garabetian ('97) Nadia Festinger ('04) Dale Godsoe Elizabeth Morey Heather Kerr ('96) Jennifer Racine ('14) Leah Temerty-Lord Mark Angelo ('99) Nadia Salvaterra ('00) Damon Ramsey ('04) Emilie Stevens ('02) Heather Clarke Jennifer Reddy Justine Zwicker ('09) Leanne Hammond Mark Schaan ('97) Nancy Eaton Dan Lussier Emily Wiesenthal ('14) Heather Conradi Jérémy Boulanger-Bonnelly Kailea Switzer ('05) Leanne Holt Mark Morton Nancy Whipp Dana Ades Emily Yorke Helen Antoniou Molson ('11) Kaitlin Dupuis ('02) Leora Morris ('02) Marna Fujimoto-Pihl Nancy Young Danica Fisher ('98) Emma Lyndon ('98) Helen McLean Jessa Miyashiro ('06) Kaitlyn O'Shaughnessy Les Gombik Martin Dumas Naomi Loeb Daniel Hertz ('08) Eric Haywood-Farmer ('96) Hilary Pearson Jesse Robson ('05) ('08) Les Stroud Martin Weigelin Natalie Gerum ('05) Daniela Corsetti ('10) Eric Tripp Hillary Higgins ('03) Jesse Barke Kalai Saravanamuttu Lili de Grandpré Mary Simon Natasha Goguen Danielle Melchior Éric Beaudoin ('05) Hoai An Tran ('08) Jessica McCuaig ('09) Kara O'Brien ('01) Linda Sun ('07) Matthew Reid ('05) Natasha Sawh Danika Campbell ('08) Éric Lauzon Hyla LaPointe ('08) Jiawen Zhou ('15) Kara McGlynn Linda Bergeron Matto Mildenberger ('03) Nathalie Dubois Danny Graham Erika Burger ('91) Iain Klugman Jillian Lamb ('14) Karen Levine Linda Brazier Lamoureux Maurane Cloutier ('12) Nathan Valsangkar ('12) Danya Dziedzic ('09) Erin Eacott ('93) Ian Sunderland ('98) Jim Hughes Karim Damji

The Loran Scholars Foundation 2020 Annual Report | 28 The Loran Scholars Foundation 2020 Annual Report | 29 VOLUNTEERS continued Shauna Sullivan-Curley Tara Phillips ('96) Sheila Biggers Tara Wickwire Nathan Slee Rebecca Gill ('07) Sheila Carabine Taylor Christl ('00) Nazampal Jaswal ('10) Regina Pratchler Sheiry Dhillon ('08) Taylor Graves Nazim Hussain ('01) Réjean Beauregard Shelley Doucet Ted Aubut Neil Abraham Rhonda Best Shelley Uytterhagen Ted Sehl  637 donors Nicholas Milum ('15) Rhonda Lenton Shelley Watson Teo Salgado contributed a Nick Oddson Richard Florida Shona Perry-Maidment Teresa Alm total of $3.75M to Nick Saul Rick Bhullar ('00) Simon Cooper Teresa Melton Loran in 2020 Nicolas Nadeau ('02) Rick Harcourt Simon Geoghegan Thérèse Quigley Nicole Bradbury Rita de Santis Siobhan Stewart ('08) Thomas Bastien  $62.15M donated Nyranne Martin ('97) Rob Giardino Sonny Wong Tierra Madani to the foundation Patangi Rangachari Rob Rongve Sophia Lu ('07) Tim Jackson over 32 years Patricia Grenier Rob Shea Sophie Courtois Tracey Bentein Patricia Stouffer Rob Smith Stephane Godbout Tracey McVicar  82% annual Patrick David ('99) Robert Sparrow ('07) Stephanie Ciccarelli Tushar Dhoot ('11) donor retention Patrick Hickey ('15) Robyn Hooper ('07) Stephanie Nowak Tyler Heal ('09) rate Patrick Duncan ('06) Roderick MacLennan Stéphanie Barker Upeksha Amarasinghe Patrick Nadeau ('00) Rosemary Polegato Stephen Brophy ('10) Valérie Hallé Patrick Cronin Ryan Rodrigues Stephen Huddart Vali Bennett Naomi Azrieli Patti Pon Saher Ahmed Steve Mehltretter Vanessa Redditt ('03) Chair & CEO Paul Bowman Saifa Koonar Steve Sousa Velma McColl Paul Elsley Sam Gregory ('11) Steven Uster ('97) Vicki Schmolka Paul Larocque Samir Gupta ('95) Sue Bates Victoria More ('07) Donors Paul Setlakwe Sammy Lau ('10) Sue Hlywka Loran Victoria Gooderham Paul Smith Samuel Breau ('05) Supna Sandhu ('03) Vidal Chavannes Paulina Bogdanova ('10) Sandra MacGillivray ('94) Susan Chalmers-Gauvin make a difference Warren Tranquada ('92) Peta Wales Sandra Lockyer Susan Harada Wayne Rawcliffe Peter Guo ('09) Sandra Richardson The Azrieli Foundation Susan Holt Wendy Klingenberg Peter O'Rielly ('09) Sandra Stuart Susan Lawson “In many ways,” Naomi Azrieli begins, “education is the key to human continuity. It’s how Wendy McDowall Peter Copestake Sandy Houston Susan Masterman we move forward as a unified society.” For the Azrieli Foundation—one of Canada’s largest Wesley Novotny ('96) philanthropic foundations, which Naomi leads as chair and CEO—“we consider education to Peter Macleod Sandy Mowat Susan Woodley Wojciech Gryc ('04) be the most important factor in empowering not only individuals but whole communities.” Peter Wong Sara Knowles ('98) Susan Scace Yaacov Iland ('97) In addition to Loran's track record of impact and effectiveness as a charity, what drew Peter Dueck Sara Moody Veldhuis Suzanne Pozak ('95) the Azrieli Foundation to invest in Loran Scholars was an alignment of missions: both Yves Pelletier Petra Rinas Sara Napier Suzanne Mullett foundations share a commitment to providing access to higher education opportunities, and Zachary Young ('10) a belief in bold, service-driven leadership for creating positive future outcomes. Since 2015, Sarah Millman ('14) Phil Ashman Suzanne Vinet the Azrieli Foundation has underwritten seven Loran Awards, as well as significant funding Phyllis Clark Sarah-Jo Briand ('07) Sylvia Wu ('07) to increase awareness about the award in Québec. Pierre-Luc Bisaillon Scott Graham Talitha Calder ('09) Our post-pandemic future, Naomi says, needs young people who see beyond themselves Priscilla Chen Scott Runté Tamara Baldwin and who think creatively about how to give back to their communities. The “pandemic of in- tolerance,” she adds, needs education for its ability to broaden perspectives, build empathy, Priya Koilpillai ('10) Sebastian Muermann ('13) Tamara Rebanks and accelerate success. To this end, and because of Loran's focus on finding and strength- R. Jamie Anderson Sevaun Palvetzian Tanner Zekonic ('15) ening leaders of character, "an investment in Loran is an investment in potential, not only in Raine Storey ('13) Severine Parent Tannis Mindell young people but in our country and our global society." Ramona Lumpkin Shahzia Noorally Tannya Cai Urging individuals and organizations from diverse backgrounds to join and support Loran's work, Naomi continues, “I think Canada needs Loran—and if the Azrieli Founda- Ran Goel Shannon Leppky Tanya Taggart-Hodge ('09) tion can make an impact by supporting these students in partnership with Loran, we’re very Ray Cantwell ('98) Shauna Mueller Tanya Neumeyer ('01) proud to play that role.” Photography by Yuri Dojc Photography by Yuri

The Loran Scholars Foundation 2020 Annual Report | 30 The Loran Scholars Foundation 2020 Annual Report | 31 OUR PARTNERS INNOVATORS' CIRCLE $80,000+ INVESTING IN POTENTIAL

Each year, the Loran Scholars Foundation benefits from the support of hundreds of Canadians, companies, and foundations aligned with our mission of investing in young people who demon- A strate character, service, and leadership potential. We thank those listed below for their financial contributions in support of our mission. A denotes a donor who also gave travel miles to mitigate the costs of National Selections. de La Bruyère Fund The Young Fund M indicates a monthly donor.

FOUNDERS' CIRCLE $10,000,000+

A

Moffat Family Fund

Diane Blake & Stephen Jonathan Burke & Susan The Michael Young Family Smith Yurkovich Foundation

VISIONARIES' CIRCLE Eric Tripp & Maria Smith Michael & Angela Johnston Wheaton Family Foundation Future Leaders Fund Patrick & Ramona Cronin $1,000,000+ Hasham Family Paul & Jan Sabourin Anonymous Rebanks Family James Appleyard & Tamara The Dianne & Irving Kipnes Rebanks Foundation $500,000+ Jamie & Patsy Anderson Anonymous The Ralph M. Barford Foundation

Nancy & Bob Young CATALYSTS' CIRCLE $30,000

$250,000+ Brian Gardner ('93) & Monica Tran matched Mark Schaan ('97) by Intuit Meghan Moore ('98)M A Franca Gucciardi ('90) matched by McCall Northpine Foundation Michael Kogon ('95) MacBain FoundationA Patrick Duncan ('06) Susan & Arthur (1938 - 2020) Scace Ian Sunderland ('98) Raffi Jewellers ('97) Lexington Park Real Estate Capital Inc. ('95)

Warren Tranquada ('92) Lucas Skoczkowski ('92) Temerty Foundation

The Loran Scholars Foundation 2020 Annual Report | 32 The Loran Scholars Foundation 2020 Annual Report | 33 CHAIR'S CIRCLE CEO'S CIRCLE

$25,000 - 79,999 $2,500 - 4,999 A Biff & Sue Matthews Louise MacCallum & Michael Barnstijn Official Ground A Official Air Transportation Sponsor Transportation Sponsor Brandon Nussey Mark McQueen (in kind) Brian Gray Mercedes-Benz Winnipeg/Focus Hyundai Andrew Rok Foundation Crawford Family Christopher Proctor ('06) Ray McNeil Anonymous Margaret Rieger Diamond Family Charitable Fund at the Susan LawsonA Avana Capital CorporationA Richard Rooney & Laura Dinner Jewish Foundation of Greater Toronto Sylvia Chrominska Bruce Wright The Morrison Foundation Jeff & Amy Baryshnik ('98) Wesley Novotny ('96) Canada Life Torys LLP (in kind) John Lennox Willard & Elva Dawson Fund through the Cisco Webex (in kind) Jonathan Goodman Victoria Foundation Kenneth & Patricia Tolmie $10,000-24,999

A. B. Young Kenneth Broekaert $1,000-2,499

A Beth Malcolm Louise Chagnon-Bucheit Adrienne DiPaolo Jay Potter ('02) Burgundy Asset Management Ltd. Marcia Moffat Alexander Mazer ('97)M John & Sidney Madden Claude Généreux Michel Brutti Anonymous Karen Wilson Donald K. Johnson Richard & Donna Ivey Brian Cowan Kelsey Cameron ('98) Douglas & Ruth Grant Robert Cluett Bryan Davies & Andra Takas Kosar Khwaja ('94) Bryce & Nicki Douglas Lyle Schwartz ('96) matched by Goldman Douglas Winslow matched by Burgundy Asset Roderick & Robin MacLennanA Sachs & Co. Management Catherine Graham The Midloch Foundation Marian Nemec ('91) Joe Wiley Charles Larson ('03) The Sharp Foundation Marie-Renée B-Lajoie ('04) Chris Cowperthwaite ('99)M John & Maggie Mitchell TorQuest Partners Mark Angelo ('99)M Corey Centen ('03) John McArthur (1934 - 2019) Melanie Derynck Lightstone ('02) Wawanesa Insurance David & Maureen Denison Jon Hountalas Nadia Salvaterra ('00) Dominic Allain ('95) Kelly Murumets (in kind) Patrick David ('99)M Emma Lyndon ('98) Paul G. Smith Erica Commons ('09)M $5,000-9,999 Rebecca Doole ('02)M Erin Eacott ('93) Anton Andryeyev ('01) George Cedric Metcalf Charitable Foundation Richard Phillips Evan Short ('93) & Catriana McKie Robert Sankey Brant Carson ('99) Gerald Heffernan Gail Asper & Michael Paterson Rosemarie McClean Brettler Mintz Foundation Harry Burgstaller George Cooke Rudy Sedlak ('97) CN Rail Janet & Willard L'Heureux H. Sandord Riley Ryan Van Wert ('98) Dave & Sandy Mowat Joe Heffernan Heather SprattA M Samir Gupta ('95) Edge Imaging (in kind) Lionel & Carol Schipper Honor de Pencier Sara Knowles ('98) Isabelle & Simon Fish Friesens Corporation (in kind) Valard Construction LP

The Loran Scholars Foundation 2020 Annual Report | 34 The Loran Scholars Foundation 2020 Annual Report | 35 CEO'S CIRCLE (continued) $250-499

$1,000-2,499 (continued) Adam Fearnall ('08)M Evelyn Wainewright ('10) Lynden Evers ('12)

Sarah Michael ('93) Afzal Habib ('06) François Tanguay-Renaud Marjorie Blankstein ('98) Shayan Rahnama ('01) Alexander Gillis ('16) Michael Beaton ('96) Graham Smith & Vanessa Steven ('97) & Melissa Uster Alison Chick ('01)M Michael Douglas ('99) Teresa Alm van den Boogaard ('05) Alison Lee ('09)M Michelle Dagnino ('98)M Teresa Bennett ('94) Gurpreet Brar ('00)M Amy Andrews-Alexander Nathan Valsangkar ('12) Toppan Merrill (in kind) Helen Hoi-Yan To ('96) Paul LarocqueM Tracey McVicar Hillary Higgins ('03)M Anja Zeljkovic ('07)M Vancouver Foundation Rebecca Best ('98) James DiPaolo ('08)M Blair Crawford ('17) Robert Astroff Janet Vivian-Walsh Bridget Beswick-Escanlar SCHOLARS' CIRCLE Robert Sparrow ('07)M ('99)M Jeeshan Chowdhury ('00) Samuel Gregory ('11)M $500 - 999 Callen Hageman ('14) Jenna Newman ('95)M Sonja Forstner Adrian Mucalov ('97)A Graham Fox ('93)M Michael Laine Carly Sotas ('12) Jennifer King ('98) Stephen Xu ('14)M Alexandra Schwabe ('09) & Hayden Rodenkirchen ('12) Natasha Sawh matched by Carolina GalloM Jessica McCuaig ('09) Marc-André Simard ('09)M McCall MacBain Foundation Heather Kerr ('96)M Sultana Qureshi ('99)M M Amy Tan ('96) Nicolas Nadeau ('02)M Caroline Quinn ('06) Julia Lo James Hoffman ('09) Tanya Taggart-Hodge ('09)M Ann Peters Patrick Nadeau ('00)M Catherine Fowler Julianna Tan ('11) Jane Good Terry Zhang ('14) Brandi Read ('98) Peter Milliken Jennifer Rae-Brown Chris Newton-Smith ('95) Julie Gibson ('95) A Calee Blanchard ('98)M Peter Wong Tiffany O'Donnell ('02) Joel Thibert ('00)M Christopher Li ('93)M Justine Zwicker ('09) Christina Campisi ('99) Ray Cantwell ('98)M Yin Ying Zhang ('05) Kaitlin Dupuis ('02) Claire Gummo ('13) Kara O'Brien ('01) Christine Wadsworth ('06) Rick Bhullar ('00) Kelsey Gunderson Connor Bays ('08)M Katherine StewartM Constance Holman ('09) Rita Devlin Marier ('03) Kim Echlin M Cornell Wright & Sarah Ruth Castellino Conor Falvey ('06) Kelsey Hogan ('13) Laura O'Connor ('99)A M McEvoy Sammy Lau ('10)M David Thompson Konnie Peet Laura White ('00) Costas Markakis Sophia Lu ('07) M M Linda Sun ('07) Éric Beaudoin ('05) Lillian Manea David C. Appleyard Sophie Côté ('09) Martha Tory Erica Zarkovich ('98) Linda Oland Divya Pahwa ('09) Victoria More ('07) Mathieu Isabel ('06) E. Joel Wright Wojciech Gryc ('04)M Matto Mildenberger ('03) Eric Haywood-Farmer ('96)M Yaacov Iland ('97) Maureen Hogan ('98) Filip PapichA Michael Currie ('05)M Gaetan Lussier Michael Dudkiewicz ('98)

The Loran Scholars Foundation 2020 Annual Report | 36 The Loran Scholars Foundation 2020 Annual Report | 37 Elise Min ('04) Hannah Gillis ('13) John Milkovich ('18) SCHOLARS' CIRCLE (continued) Elizabeth Morton ('02) Hannah Holden ('09) Jonah Clifford ('10) UP T0 $249 Elizabeth Sully ('04) Hannah Lank ('15) Jonathan Holmes ('07)M

A Aanchal Ralhan ('12) Armin Rezaiean-Asel ('11) Chedi Mbaga ('17) Ellie Jin ('09) Hannah Martin ('15) Jonathan Paradis ('08) Abeera Shahid ('15) Armon Shokravi ('18) Cherie Chen ('11) Elliot Sims ('04) Hazem Jamjoum ('99) Jordan Sheriko ('03)

M Adam Hasham ('10) Arnold Boehk Cheryl Heinzl Eloise Tan ('00) Heather Holland ('98) Judy Suke ('01)

M Aditi Sriram ('16) Ashley King Chloe Batista ('15) Emelie Gagnon ('16) Heather Millar ('00) Julia Hiscock ('07) Aimee Pelletier ('00)M Athavarn Srikantharajah Christina Klassen ('11) Emilie Glockner ('96) Hoai An Tran ('08) Julie Van de Valk ('12) ('16) Alain Dupuis ('06) Christine Pu ('14) Emilie Stevens ('02) Hugh Churchwell ('18) Justin Oake ('06) Barb McCrossin Alexander Harmsen ('10) Clare Lyle ('14) Emily Hilton ('12) Hui Wen Zheng ('17) Justina Marianayagam ('14) Barbara Newbegin M Alexander Way ('04) Cole Smith ('13)M Emily Hodgson ('12) Hyla LaPointe ('08) Kabir Nadkarni ('14) Barry Leipsic ('02) M Alexandra Conliffe ('99) Connor Anear ('12) Emily Wiesenthal ('14) Iain Sander ('13) Kai Cheng Thom ('09) Bernard Coté M Alexandra MacLean ('03) Courtney Ch'ng Lancaster Emma Clark ('14) Ilakkiyan Jeyakumar ('16) Kailea Switzer ('05) Beth Kuijpers ('99) ('04)A M M Alexandria Mitchell ('10) Emma Feltes ('04) James Sully ('02) Kaitlin Wong ('17) Bethany Kolisniak ('19) Danica Fisher ('98) Alexane St-Amant Ringuette Emma Hapke ('03) Jamie Little ('19) Karen D. Hurley ('94) ('10) Bonnie Zhang ('15) Daniel Brown ('15)M Éric Boucher ('14) Jane Pegg ('06)M Karen Roberts ('00)M Allie Carew ('11) Braden Lamoureux ('16) Daniel Hertz ('08) Erika Burger ('91)M Janelle Joseph ('97) Karl Chastko ('12) Allison Gacad ('16) Breanne Everett ('02) Daniela Corsetti ('10) Erin Knight ('15) Janique Fillion ('14) Kate Morrison ('12) Allison Pritchard ('14) Brendon Goodmurphy ('03) Danielle Chahine ('98) Esha Bhandari ('01) Jayden Wlasichuk ('15) Kate Pereira ('04)M Allison Wylie ('04) Brianne Castonguay ('03) Danika Campbell ('08) Evan Vassallo ('12)M Jean-Philippe Julien ('01) Katherine Chamandy ('14) Amber Zirnhelt ('00) Brianne Lewis ('04) Danya Dziedzic ('09) Faelan Prentice ('14) Jenna D'Aurizio ('15) Katherine Henderson Amy Cervenan ('99) Brigette DePape ('07) Danyka Leclair ('14) Faris Mecklai ('17) Jenna Gall ('10) Kathryn Dingle ('07) Amy-Lee Kouwenberg ('01) Bronwyn Vaisey ('16) Darcy Taylor ('15) Feodor Snagovsky ('09) Jennifer ClarkM Kathryn Lennon ('06)M Ana Boskovic ('11) Caitlin Grady ('15) David Beitel ('00) Francis Dubé ('01)M Jennifer Koide ('10) Katie Clarke ('17) Anamjit Singh Sivia ('12)M Calder Schweitzer ('15) David Bobyn ('15) François Cadieux ('05) Jennifer Pereira ('01) Katie Mattina ('09) Andrea Iaboni ('94) Callista Ryan ('16) David D'Arienzo ('11) Frannie Sobcov ('15) Jérémy Boulanger-Bonnelly Katie Sardinha ('06) ('11)M Andrew Kushnir ('98) Calvin Mitchell ('10) David Sandomierski ('97) Gail Prasad ('98)M Kelly Doctor ('99)

M M Jes Francis ('17) Andrew Mills ('03) Cameron Revington ('11) David Vlemmix ('05) Gaurav Sharma ('10) Kerri-Rae Millar ('01) Jesse Barké Aneil Jaswal ('07) Carly Welham ('11) David-Dan Nguyen ('16) Grace Li ('06)M Kevin Shahbazi ('07) M M Jesse Helmer Annaliese Loeppky ('15) Carolyn Bailey David-Martin Milot ('07) Grace McKenzie ('11) Kiet Do ('02) Jiawen Zhou ('11) Anne Cheverie ('04) Carson Falk ('10) Debjani Poddar ('05) Gwyn Foster ('17) Kirk Wright ('14) Jillian Lamb ('14) Anthony Hope ('15) Catherine Côté ('16) Devon Jackson ('11) Hailey Radigan ('17) Kit Dashwood ('14)

M Joanne Banh ('15) Antoine Michaud Catherine Gagné ('08) Dylan Collins ('10) Haley Kawaja ('10)M Klara Michal ('97) M M M Joanne Cave ('09) Ariel Charney ('11) Chanel Fournier ('12) Eisha Ahmed ('13) Haley Zarazun ('08) Kristin Erickson ('01)

The Loran Scholars Foundation 2020 Annual Report | 38 The Loran Scholars Foundation 2020 Annual Report | 39 SCHOLARS' CIRCLE (continued) Sheiry Dhillon ('08) Tushar Dhoot ('11) Sila Rogan ('17) Tyler Heal ('09) UP T0 $249 (continued) Silas Tsui ('16) Vanessa Redditt ('03) Kyla Brophy ('06) Max Deschner ('09) Peter O'Rielly ('09) Simon Harmgardt ('12) Varnit Grewal ('13) Laura D'Angelo ('01) Max Moloney ('16) Pinky Langat ('08) Simone Cavanaugh ('13) White Whale Analytics ('09)M M Laura Thomson ('04) Maya Fernandez ('08) Priya Koilpillai ('10) Sivakami Mylvaganam ('11)M Winston Gamache ('13) M M Lauren Phillips ('99) Meagan McLavish ('09) Quinn Conlon ('13) Soheil Koushan ('13)A Woganee Filate ('96) Leah Secord ('10) Megan Smith ('12) Raine Storey ('13) Somaya Amiri ('15) Wynn Rederburg ('16) Leon Picha ('19) Megan Stone ('06) Rebecca Gill ('07) Soniya Jobanputra ('97) Yasmina Male ('16) Leora Morris ('02) Meghan Henry Rishita Apsani ('11) Stephanie Arbez ('01) Yingmei Li Leticia Gacad Meghan Payment ('13) Robyn Hooper ('07) Stephen Brophy ('10) Yulanda Lui ('13) Lianne Gerber Finn ('00) Mehrul Hasnain Ryan Brown ('19) Stephen Young ('03) Yuna Im ('16) M M Lindsey Carter ('02) Melinda Jacobs ('08) Ryan Jamula ('14) Sunny Cheung ('06) Zachary Young ('10)M Lindsey Edmunds ('01) Michael Flood ('14) Sadie McInnes ('13) Susan D. Lanoue Zia Saleh ('10) Lindsey Lenters ('05) Michael Singh ('07) Salma Rehimini ('16) Sylvia Wu ('07)M Lindsey Li ('10) Michaela Kuuskman ('07) Samuel Breau ('05) Talitha Calder ('09)M Lindsey MacDonald ('02) Mikie Allan ('13) Sanasi Jayawardena ('12) Tanner Zekonic ('15)M Livia Ottisova ('03) Milton Calderon ('15) Sandra ('94) & Rodney Tanya Neumeyer ('01) M MacGillivray Loretta Chang Mimi Yunqi Liu ('10) Tara Phillips ('96)M M Sara Abdessamie ('16) Madeleine Brown ('11) Miranda Morgan ('99) Taylor Christl ('00) M Sara Hassani ('07) Madeleine Pawlowski ('11) Mischa Oak ('99) Teresa Melton M Sarah Burns ('11) Margaret Ovenell ('17) Myriam Faucher ('13) Tommy Hana ('13) M M M Sarah Ens ('10) Mariana Sklepowich ('01) Natalie Gerum ('05) Tony (Hao Yu) Zhang ('12) M Sarah Greene ('14) Marianne Hawkins ('93) Nazampal Jaswal ('10) Turner McKay ('12) Sarah Kristi Lone ('10)M Marie-Claire Lussier Nazim Hussain ('01)A Desbiens ('05) Sarah Millman ('14) Nicholas Milum ('15) Marie-Hélène Lyonnais ('16) Sayeh Yousefi ('16) Nicole Flanagan ('15) In addition to those indicated with A in the previous pages, the following individuals Marin MacLeod ('09)M Scott Henry ('13) Nicole Raymer ('12) donated travel miles to enable scholars to attend National Selections: Mark Ouseley ('06) Scott Runte Nitishkumar Bhatt ('16) Marta Filipski ('02) Sebastian Meurmann ('13) Aaron B Craig Reynolds Margareta Z Noubahar Hasnain ('16) Maryellen Gibson ('12) Shannon Jorgensen ('00) Alice Chung David Helliwell Robert Shea Nyranne Martin ('97) Matthew Reid ('05)A M Shannon King ('11)M Anonymous Guy Burry Stephen Dawson Patrick Hickey ('15) Matthew Reynolds ('17)A Sharon Kennedy ('05) Anonymous James L Virginia Devine Paulina Bogdanova ('10)M Maurane Cloutier ('12)M Shawn Potter ('06) Christina McLeod Lilian H Peeha Luthra ('17)

The Loran Scholars Foundation 2020 Annual Report | 40 The Loran Scholars Foundation 2020 Annual Report | 41 ENDOWMENT GIVING (cumulative to 30 April 2020) FINANCIALS Loran has grown its asset base with a primary aim of ensuring that the foundation has sufficient The Loran Scholars Foundation established an endowment fund in 2008 to provide our donors funds to meet its future obligations to all in-stream scholars and can continue to meet our goals for with a means to make a long-term gift in support of promising young Canadians. One of our long- new scholarships each year. To help achieve this, our investment funds are professionally managed term goals is to fund a proportion of our annual expenditures from income earned on invested in a balanced portfolio. With our fiscal year-end falling on April 30th, our reported investment bal- capital. As an organization, we are committed to contributing to this endowment as well, from our ances at that date reflected the impact of the market downturn due to COVID-19. However, since net surplus, to invest in our future financial stability as a foundation. The fund, holding $10.7M that point, at the time of publishing (September 2020), our funds have rebounded, exceeding their as of April 30, 2020, is managed by Burgundy Asset Management and overseen by a volunteer pre-pandemic market value. committee struck by our board of directors. We encourage you to review our audited financial statements, available at www.loranscholar.ca. CORNERSTONE SUPPORTERS – $500,000+ Below is summarized financial information for the year ended April 30, 2020.

Estate of Ora Adeline Abraham Walter & Marilyn Booth Lucas Skoczkowski (’92)

CORNERSTONE BENEFACTORS – $100,000+ Loran Scholars Foundation Statement of Financial Position

Bob Cluett A As at April 30, 2020

Claude Généreux 2020 2019

John Lindsay Morehead Fund ASSETS 1:1 ALUMNI MATCHING DONOR Current assets $ 5,291,089 $ 5,177,752 RBC Dominion Securities Long-term assets 12,760,636 12,947,842 18,051,725 18,125,594 CORNERSTONE DONORS – $10,000+

Wayne & Isabel Fox Family Foundation John & Maggie Mitchell Franca Gucciardi (’90) matched by McCall Hilary Pearson & Michael Sabia LIABILITIES MacBain Foundation Michele & Ryerson Symons Current liabilities 3,111,950 3,097,518 Lexington Park Real Estate Capital Inc. (’95) Long-term liabilities 2,084,570 2,052,548 Quynh-Thuyen Tan (’92) 5,196,520 5,150,066

NET ASSETS Endowment Fund 3,920,892 4,069,221 Internally restricted 6,755,174 6,826,073 Unrestricted 2,179,139 2,080,234 12,855,205 12,975,528 $ 18,051,725 $ 18,125,594

We are grateful to the McCall MacBain Foundation for its 1:1 alumni donation matching commitment to our endowment.

The Loran Scholars Foundation 2020 Annual Report | 42 The Loran Scholars Foundation 2020 Annual Report | 43 Tuition (25%)

Individuals (17%) Universities (Tuition) (19%) General & Administration (10%)

Selections (6%)

Gatherings (7%)

Mentorship & Stewardship (5%) Corporations (26%) Summer Programs (9%)

Private/Family Stipend Grants (38%) Foundations (38%)

Tuition (25%)

Individuals (17%) Universities (Tuition) (19%) General & Administration (10%)

Selections (6%)

Gatherings (7%)

Mentorship & Stewardship (5%) Corporations (26%) Summer Programs (9%) Loran Scholars Foundation EXPENDITURES Loran Program Private/Family without tuition Stipend Grants (38%) Foundations (38%) Year-ending April 30, 2020 2020 2019

Tuition (21%) Revenue Selections (18%) Donations $ 3,766,921 $ 3,682,135

Total revenue 3,766,921 3,682,135 Stipend Grants (35%) Expenses Stipend grants 1,452,850 1,453,875 General & Enrichment program Gatherings (13%) Stipend Grants (44%) Administration (13%) Summer 108,025 320,853

Mentorship and stewardship 176,553 170,087 Mentorship Gatherings (retreat, conferences etc.) 413,645 287,428 & Stewardship (5%) Gatherings (10%) Selections Selections (14%) 579,532 331,692 Summer Programs (3%) SubtotalMentorship Summer Programs (3%) 2,730,605 2,563,935 & Stewardship (4%) General and Administration 550,612 350,650 General & Administration (17%) Total expenses 3,281,217 2,914,585 Investment (loss) Income ($610,699) 884,431 Excess of revenue over expenses ($124,995) $ 1,651,981 with tuition – see note, previous page

Note: due to COVID-19, our Summer Experience program was delayed and disrupted, resulting in lower expenses. In addition, with our fiscal year-end falling at the height of the economic downturn due to COVID-19, our reported results reflect a significant unreal- ized loss on our investment portfolio to reflect the market value of these investments as at April 30, 2020. However, at the time of publishing (September 2020), our investment portfolio has recovered, and now exceeds its pre-pandemic level.

Tuition (21%) INCOME Selections (18%) with tuition Our partner universities offer a matching tuition waiver for Loran Scholars. Total cost of $900,442 is based on data submitted by universities. Stipend Grants (35%) Tuition (25%)

Individuals (17%) Universities (Tuition) (19%) General & Administration (10%) General & Gatherings (13%) Stipend Grants (44%) Administration (13%) Selections (6%)

Mentorship Gatherings (7%) & Stewardship (5%) Gatherings (10%) Selections (14%) Summer Programs (3%) Mentorship & Stewardship (5%) Mentorship Summer Programs (3%) Corporations (26%) & Stewardship (4%) General & Summer Programs (9%) Administration (17%)

Private/Family Stipend Grants (38%) Foundations (38%)

The Loran Scholars Foundation 2020 Annual Report | 44 The Loran Scholars Foundation 2020 Annual Report | 45

Tuition (21%) Selections (18%)

Stipend Grants (35%)

General & Gatherings (13%) Stipend Grants (44%) Administration (13%)

Mentorship & Stewardship (5%) Gatherings (10%) Selections (14%) Summer Programs (3%) Mentorship Summer Programs (3%) & Stewardship (4%) General & Administration (17%) BOARD OF DIRECTORS & OFFICERS (AS OF APRIL 30, 2020) HONORARY COUNCIL (AS OF APRIL 30, 2020)

R. Jamie Anderson (Chair) Rhonda Lenton James Appleyard Rod MacLennan, C.M. Founder & President, Freycinet Investments Owner, Tribune Holdings Ltd. Senior Advisor, RBC Capital Markets President and Vice-Chancellor, York University

Alan Broadbent, C.M. John H. Phillips Catherine Graham (Vice Chair) Alex Mazer (BMO Loran Scholar '97) Chairman & CEO, Avana Capital Corporation CEO, Klister Credit Corp. Co-Founder & CEO of commonsku Founding Partner, Common Wealth Robert Cluett Wendy Rebanks Nancy Young (Past Chair) Filip Papich Founder, Loran Scholars Foundation Director, The W. Garfield Weston Foundation CEO & Owner, Elizabeth Bradley Design Managing Director & Co-Head of BMO Capital David Crombie, P.C., O.C. Susan Scace Markets Québec, BMO Capital Markets Former Mayor of Toronto and Chair, President, The Henry White Kinnear Brandon Nussey (Treasurer) Toronto Lands Corporation Foundation Chief Financial Officer, Lightspeed HQ Susan Scace President, The Henry White Kinnear Kim Echlin Past Council: Mark Angelo (Loran Scholar '99) Foundation Author CEO, LMC Healthcare Purdy Crawford (1931 – 2014) David Friesen Doug Winslow Former CEO, Imasco Ltd. Chair, Friesens Corporation Former Partner, Osler, Hoskin & Harcourt LLP Jonathan Burke Vice-President, Portfolio Manager President & CEO, Burgundy Asset Management J. Douglas Grant Grant L. Reuber, O.C. (1927 – 2018) Montigo / Canadian Heating Products Founder, Sceptre Investment Counsel Former COO, Bank of Montreal Bruce M. Wright Former Chair, Canadian Deposit Insurance Marc de La Bruyère Retired Managing Partner, MLT Aikins LLP Corporation Managing Director, Maclab Development Group

Adrienne DiPaolo Ex officio: COMMITTEES Partner, Torys LLP Vali Bennett (Secretary) Director of Administration, Executive Committee Audit Committee Investment Committee R. Jamie Anderson (Chair) Ken Broekaert (Chair) Kelsey Gunderson (Chair) Claude Généreux Avana Capital Corporation Executive Vice-President, Power Corporation of Catherine Graham (Vice Jonathan Burke Claude Généreux Chair) Jon Hountalas Alex Mazer Canada and Power Financial Corporation Meghan Moore, CEO Nancy Young (Past Chair) Martha Tory Brandon Nussey (ex officio) 1998 W. Garfield Weston Loran Scholar Jonathan Goodman Brandon Nussey (Treasurer) Jason Shannon Vali Bennett Vice Chair & Global Managing Partner, Monitor Meghan Moore Deloitte

Kelsey Gunderson STAFF Head of Capital Markets, Laurentian Bank The foundation’s CEO, Meghan Moore (416.646.2120 x 222, [email protected]) is a Mike Johnston member of the class of 1998. The staff team consists of 14 individuals based in Toronto, including President & CEO, REDspace 4 alumni.

Éric Lauzon Senior Community Partnerships Manager, Air

Canada Printing donated by Creative Production www.toppanmerrill.com www.grajon.com

The Loran Scholars Foundation 2020 Annual Report | 46 The Loran Scholars Foundation 2020 Annual Report | 47 We are committed to the greatest of Canada’s natural resources: our youth. We work to identify and support talented students who show promise of leadership and a strong commitment to service in the community. We fund these citizens to study on Canadian campuses, to the benefit of their future and ours.

Loran Scholars Foundation 460 Richmond Street West Suite 502 Toronto, ON M5V 1Y1 416.646.2120 | www.loranscholar.ca

Stay connected with us: 

Charitable registration number: 855 – 132643-RR0001

We invite you to get involved with the foundation and donate online at www.loranscholar.ca/donate