2009 – 2010 Peter Lantin, Chairperson
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GWAII TRUST ANNUAL REPORT 09/10 GWAII TRUST Box 588 Highway 16 Old Massett, Haida Gwaii Skidegate, Haida Gwaii V0T 1M0 V0T 1S1 • • 250.626.3654 250.559.8883 1.800.663.2388 1.877.559.8883 Gwaii Trust Society Annual Report - 2009/2010 GWAII TRUST ANNUAL REPORT 2009/20010 Gwaii Trust Society Annual Report - 2009/2010 People are like trees, and groups of people are like the forests. While the forests are composed of many different kinds of trees, these trees intertwine their roots so strongly that it is impossible for the strongest winds which blow on our islands to uproot the forest, for each tree strengthens its neighbour, and their roots are inextricably intertwined. In the same way the people of our Islands, composed of members of nations and races from all over the world, are beginning to intertwine their roots so strongly that no troubles will affect them. Just as one tree standing alone would soon be destroyed by the first strong wind which came along, so it is impossible for any person, any family, or any community to stand alone against the troubles of this world. Chief Skidegate, Lewis Collinson March 1966 Oliver Bell is a member of the team working on the VIllage of Old Masset’s energy efficient apartment complex at New Town. Gwaii Trust Society Annual Report - 2009/2010 © Gwaii Trust, December 2010 Published by the Gwaii Trust Gwaii Trust PO Box 588, Massett, Haida Gwaii V0T 1M0 250.626.3654 or 1.800.663.2388 Highway 16, Skidegate, Haida Gwaii V0T 1S0 250.559.8883 GWAII TRUST BOARD 2009 – 2010 Peter Lantin, Chairperson Kim Mushynsky, Director, Graham Island North Fran Redick, Alternate Jim Abbott, Director, Graham Island Central CONTENTS Brock Storry, Alternate With INSIDEour Feet on the Ground 3 Students of the Shelley Sansome, Director, Graham Island South Higher Learning Society outside Introduction 5 – 7 Jaacques Morin, Alternate Kay Llnagaay at Skidegate. Where It All Began The Vision Warren Foster, Director, Area ‘E’ Value and Beliefs Kristi Schmitz, Alternate Principles Board Structure Roles and Responsibilities of the Board Cynthia Samuels, Director, Council of the Haida Nation Legal Status Trevor Russ, Alternate Projects Funded in 2009/2010 9 Percy Crosby, Director, Council of the Haida Nation Cindy Boyko, Alternate Community Program Budget 2010 – 2011 11 Program Allocation Dates for 2010 – 2011 11 John T. Jones, Director, Council of the Haida Nation Cecil Brown, Alternate Operations Budget for 2010 – 2011 12 James Cowpar, Director, Council of the Haida Nation Financial Statements as at August 31, 2010 13 Willard Wilson, Alternate Cover - The newly painted longhouses at Swan Bay. 1 Gwaii Trust Society Annual Report - 2009/2010 A MESSAGE FROM THE CHAIR – January 2011 t is that time of year again when the Gwaii Trust takes a brief time out to look back at the year that was and to reflect on our accomplishments Iin 2010. In my first year as Chairperson for the Trust, I must say that I was initially overwhelmed with the amount of complexity that surrounds the management of the Trust’s investments, as well as the allocation of those earnings. Depending on your perspective, what the Trust is doing can be viewed from two very different perspectives. At all times, the Board of Directors need to wear two very important and very different hats, one focuses on the earnings of the Trust’s investments, (financial trustee) and the other focuses on how to allocate the earnings of the Trust’s investments (community trustee). Other trusts usually have separate trustees, or Board members that focus specifically on one or the other of these important roles of earning and spending. However Gwaii Trust is unique in its model; Board members are responsible for both the earnings and spending of the Trust’s investments. This is the main reason why being a Board member for Gwaii Trust can, at times, be so complicated. The Board has had a tremendous year in terms of the financial trustee responsibilities it holds. The Board went through a very comprehensive Peter Lantin, Chair of the year of training in the world of investing as we took tremendous strides Gwaii Trust Society in actively managing the investment portfolio of both Gwaii Trust and the Gwaii Forest Charitable Trust, which are collectively valued at approximately $95 million dollars. The world of investing used to be categorized in simple ways; you were either investing in equities (stocks) or bonds. Since the market collapse of 2008, the world of investing has taken a dramatic turn towards diversification. Diversification can be looked upon as, “not having all of your eggs in one basket.” Our investment portfolio now has new invest- ment instruments such as real estate and high-yield bonds, we have also shifted to a more balanced portfolio of stocks and bonds, with a movement of gradually putting a little more weight into the equity markets. The world of Gwaii Trust revolves around our ability to produce cash, to produce income, in order to allocate these earnings to the communities of Haida Gwaii. The Board of Directors should be commended for their accomplishments this year in this realm. It is something that is never seen, nor acknowledged, because the reality of Gwaii Trust is that most residents feel the impacts of the Gwaii Trust in terms of spending, or what the Trust is spending its earn- ings on. So let’s talk about spending. After the Board of Directors finishes the discussions on earnings, they then have to change hats and focus on the Old Masset’s apartment complex was featured in Better Businesses, Everyday Eco-Heroes, the article describes the choices that were made to reduce energry demands while boosting efficienty. spending. Each year, the Board focuses on the following spending respon- sibilities: portfolio management, administration, and programming. Each of these areas are continually looked at in terms of, “How can we save the 3 Gwaii Trust Society Annual Report - 2009/2010 Trust money,” and “What can we do to maximize the effectiveness of the INTRODUCTION spending in areas that are of top priority to the Islands communities.” To ensure a sustainable “Islands community” we must plan and The greatest change that is coming is a change in programming. The manage our development in ways that reflect our cultural and Board is currently looking at a rep-prioritization of the needs of Haida environmental uniqueness. Gwaii, which is based on their interaction with the communities they The Gwaii Trust offers us an opportunity to pursue fundamental represent. The priorities of Haida Gwaii can be categorized into two main economic and social transition. The lack of some of the most basic areas: economic development and youth. The Board is currently working community infrastructure demands immediate attention. The pursuit on a reconstruction of the existing programs to reflect the new priorities. of a sustainable community requires us to address and implement The Board will be engaging the communities throughout 2011 to receive responsible stewardship. The Gwaii Trust offers us an opportunity not input and feedback as we work towards ensuring the relevancy of our readily available to the rest of the world. As individuals we may choose programs and the effectiveness of how Gwaii Trust allocates its earnings. to act together for the common good of our “Islands community.” The current Board of Gwaii Trust has been together for the duration of Quality of life is an essential issue. As we make the “Islands commu- the 2010 year and so far we are very pleased with the re-appointment nity” a better place to live, we make it a more desirable place to visit and of Board members for additional terms. Continuity is something that is to conduct business. critical to the success and accomplishments of the Trust and we are very pleased that this continuity is in place as we move forward in 2011. WHERE IT ALL BEGAN I would like to take the time to acknowledge and thank Cynthia Samu- In 1985, the political standoff at Lyell Island brought worldwide attention els, who is the outgoing Director for CHN Masset, for her four (4) years to the Gwaii Hanaas issues of the land title dispute, the environment of service on the Gwaii Trust Board. I also would like to give a special and economic matters. In 1987, the Haida Nation designated the area a acknowledgement and thank you to Warren Foster as the outgoing Direc- Haida Heritage Site. In 1988, tor for the community of Sandspit. Warren is one of the founding fathers of Canada designated the area a Gwaii Trust and has been around since the inception of Gwaii Trust, which National Park Reserve. is now almost 16 years ago. On behalf of the Board of Directors, I would Representatives of the Council of the Graham Island North Old Massett like to thank Warren for his dedication, his knowledge and his persever- Haida Nation (CHN) and the Residents Masset ance. Warren was a great advocate for all of Haida Gwaii and I know that Planning Advisory Committee (RPAC) he will be missed at the Gwaii Trust table. Good luck Warren and Cynthia, established an Accord on a Community we wish you all the best in your future endeavours. Development Fund. In spite of legislative Port Clements Graham Island Central I would also like to recognize Ian Hetman, Ron McKee, David Crosby hostilities and other societal encumbranc- (Stinker) and Rose Russ for their past service to Gwaii Trust. It is only es to cross-cultural understanding, and Tlell by the passion and commitment of these, and the many other Directors after years of difficult work, the results Graham Island South before them, that we are able to make the changes before us today.