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Edmonton Community Foundation 2010 Annual Report Mission Vision Values

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2010 Annual2010 Report Edmonton Community Foundation Foundation Community Edmonton Edmonton Community Foundation 2010 Annual Report Mission Vision Values Edmonton Community Foundation exists 21st century vision for Edmonton Edmonton Community to help the people of Edmonton and area Community Foundation: Foundation values: by encouraging philanthropy and funding • Trusted by donors as the first choice to • Its relationships with the community charitable activities. create endowments including donors, grantees, volunteers Through contributions from donors, the • Recognized by charities as the primary and staff Foundation assembles and administers source for grants that meet community • Its role as a catalyst for building and permanent pools of capital so the returns needs, enrich people’s lives and build an strengthening our community can be perpetually reinvested in our enduring legacy of positive change • The integrity, autonomy and community. The Foundation complements • Acknowledged by community leaders as independence of others and supports other charitable agencies. the right place for innovative and prudent • Openness, honesty, accessibility, fairness investments in Edmonton’s future. and mutual respect • Community leadership, visionary thinking and innovation • Fiscal prudence through efficient and strategic practices. Making Connections… Table of Contents Report from the Chair and CEO 2 Gifts Planned for the Future 5 Funds, Grants and Disbursements 20 Financial Highlights and Reports 41 Donors 46 Volunteers 50 Staff 51 Board of Directors 52 EDMONTON COMMUNITY FOUNDATION ~ 2010 ANNUAL REPORT 1 Report from the Chair & Chief Executive Officer Our theme this year is “connections.” The annual we have continued both the Endowment report shows how we connect donors’ passions with Sustainability Program and Legacy Partnership. challenges and opportunities in our community. The Social Enterprise Fund connects social Edmonton Community Foundation is more than entrepreneurs and non-profit organizations with simply a repository for charitable gifts; it is also innovative, flexible financing and solid business a source for careful research, good ideas and advice. Several new social enterprises are now strong action. serving the community as a result. ECF strives to assist donors meet their philanthropic The work of ECF’s investment committee connects goals and help local charities address ever-changing donors’ funds with a prudent financial investment needs in our community. Toward that end, we have strategy. In 2010, despite the sluggish economic initiated a number of programs and partnerships. recovery, Foundation assets grew to more than For example, the Community Investment Partnership $276 million, with a return on investment of 8.68% informs donors (through a convenient booklet and (net of average fees). Donors continued to show staff consultation) about exciting projects that require their trust in ECF with more than $18 million in funding. Community Scholarships help tackle the new contributions in 2010. We were also notified skills shortage in the non-profit sector. To help of dozens of estate plans that included ECF. charities begin and grow their own endowments, 2 EDMONTON COMMUNITY FOUNDATION ~ 2010 ANNUAL REPORT The summarized financials are on Page 44 of this commitment benefit the Foundation and the whole report and you can view the entire consolidated community. This year we say good bye to three financial statements on our website at departing Directors. Joanne Beaton and Melissa www.ecfoundation.org. Field have completed their six-year terms and Hussein Kanji is relocating his family to Vancouver We continue to build and maintain strong to pursue a professional opportunity. We thank them connections to local and regional charities through for their many contributions and wish them well. the Community Grants Program – again accepting applications and making grants. Several exciting The ribbon that runs through the annual report is community projects were awarded funds in 2010. a fitting symbol – flowing from page to page, linking Foundation Directed Initiatives support many donors, charities and endless possibilities. We thank on-going, collaborative initiatives with our you for your continued support – helping make these funding partners. crucial connections. Another connection to the community is through the work of the Board of Directors. Their sound judgement, good advice and generous time Penny Omell Martin Garber–Conrad Chair Chief Executive Officer EDMONTON COMMUNITY FOUNDATION ~ 2010 ANNUAL REPORT 3 The Power of Endowment Edmonton Community Foundation works closely Gifts can also be made through the General with donors to create endowment funds that reflect Community Fund, a discretionary fund established their charitable interests. The Foundation now holds to allow the Foundation to respond to evolving over 650 endowed funds that support an array of needs. Soon this fund will have provided more than charitable causes that benefit arts, culture & heritage, the total amount in gifts to the fund – over $10 recreation & leisure, education & learning, social million. Throughout the years the Foundation’s & community services, health & wellness and the Board of Directors and advisory committees have environment. been able to put donor dollars to good use for emerging community priorities. Early investment Donors to the Foundation know that their gifts in charitable organizations has helped build some will be carefully invested and they trust us to provide of our most valued community assets such as prudent stewardship of their endowments. There are Big Brothers Big Sisters Society of Edmonton, a number of ways for donors to make gifts to the the Citadel Theatre and the Bissell Centre. Foundation including gifts to existing funds or the creation of named funds. Gifts can be cash, publicly This is the power of endowment – building funds traded securities, bequests, life insurance policies or over time so that gifts can continue to benefit our other assets. community and fulfill donors’ philanthropic dreams forever. 4 EDMONTON COMMUNITY FOUNDATION ~ 2010 ANNUAL REPORT Gifts Planned for the Future We thank the many generous donors who have planned gifts that will create or add to endowment funds at a future date – gifts such as those made in wills or through life insurance or other estate planning tools. When Edmonton Community Foundation is aware of these plans, we have the opportunity to put documents in place to ensure we understand how we are to use the funds in a way that brings each donor the greatest meaning and personal satisfaction. Thank you to the following donors for indicating they have made such a future gift. Anonymous Anne Marie Decore Francia Harvonen David & Joan Laurie Doris Tanner Craig & Mark Pimm Stumpf-Allen Paul & Carol Randy Diamond Kathryn Barbara Leah Arnold-Schutta Hawkesworth Karen Platten Thomas Summers David Dickinson & Bill Lee Patricia Babet Colette Mandin L. Dawn Hawley David & Cheryl Dree Morris & Doreen Porter Thomson-Diamond Diana M. Bacon Dolores Dilkie Brian & Jeanne Lepine Hetherington Dan Post Olive Thorne Geoff Ball & Dennis Dixon Dyann Lewis Amanda Newton Don Hight & Karen Nancy Power Darryl Trueman Elaina Dorsey Debra Lieberman Iversen R.C. (Reg) Basken Monica Prelusky & Constance Unsworth Pat Eidem Dan & Laura-Lee Margaret Hiller Don Onischak & Marshall Palichuk Vaughn & Tammy Linehan Audrey Eikeland Beakhouse Jane Hopkinson Gordon Prest John & Andrea Peg Linton Leta Gene Eisert Wallin June Block Don Howden & Josh Ramsbottom & Allan & Donna Diann Etter Jane Squire Howden Shannon Zwicker Joseph & Wadona Barbara Bowman Lundell Walsh Terry & Vicki Warren Hurt L.J. (Larry) Ricard Doris Boychuk Jim MacLean Fannon Jack & Marjorie Garnet Ireland Gene Robb Michael Bull & William, Mufty, Watson Pamela Farmer Family Clare & Tammy Kyle & Kory Archie & Elaine Marguerite Webb Malcolm & Avau Irwin Mathewson Roberts Nora Bumanis Fast Eileen Werner Mark Ulrich Jensen Lilian McEwen Era Rowles Irene Carter Keith Ferguson Peter & Anne David & Karen Jeu Letha McKee Maria T. Schneider Ross & Muriel Wightman Jean Fitzsimmons Cheriton Sarah Johnston Bob & Bev McNally Wally & Rosanna Ian & Betty Jean Terry Fuga & Carol Sczebel Sylvia & Jack Leah Joys John McPherson Willing Watson Chetner Albin J.E. Shanley Herbert Junker Robert & Kathryn Sam Wong Robert Gellatly John Choi Merrett Hal Simonson Scott & Lorraine C. J. Woods, FCA Jaima Geller Richard C. Clayton Keast Ron & Lynn Jerome Slavik Don & Leona Yez Ken & Ruth Genge Odynski R. Earl Clements Ann Kendall Lois Sorgen Linda M. Youell Karen Good Al & Fran Olson Bert & Joyce Cook Pat Kirby Peter Sorrell John & Olivia Young Donna Gordon Esther Ondrack John Corbett Anne Kirkpatrick & Audrey Ron Gorgichuk Geoffrey King Dianne Osback Stechynsky Jean & Barbara Crepin Sarah & Martin Larry & Kathy Klaus Vital & Colleen Alex Stephens Gouin Ouellette Carla Cumming Miles Kohan & David Earl Sojonky & Frank L. Neil Gower Annu Kaul-Kohan Lucy & Larry Pana Stewart Sojonky Brian Haliburton Eugene Kozak & Darwin G. Pearson Peter Cunliffe Loretta Van Brabant Kevin & Rita Louise Perkins Helen Davies Hanniman Phillip Frank Lambert Elly de Jongh Lenore Hanson EDMONTON COMMUNITY FOUNDATION ~ 2010 ANNUAL REPORT 5 Connecting small organizations with a sustainable future The two posters are adorned with doves and contain Netta, along with other committed Centre volunteers, the names of many of the world’s faith traditions and attended the Endowment Sustainability
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