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2018 Annual Report

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2018 Annual Report ANNUAL REPORT 2018 Relevant for Tomorrow With a growing endowment made possible by Vital Signs is engaging new and diverse citizens to the continued generosity of Calgarians and an identify current community issues, with 77 per cent increasing responsibility to build community, of respondents this year taking the survey for the first Calgary Foundation is going strong – and wants time. to stay that way. To that end, this past year we GenYYC, a new program in partnership with the sought the opinions and perceptions of a new Chamber of Commerce, engages millennial leaders in generation of community leaders who had little community building as well as business-building. to no engagement with us. We asked them what Calgary Foundation needs to learn to remain Recruitment of people in all areas of our organization relevant and effective. intentionally focuses on youth and diversity. We gained many insights. It is important to align New tools are engaging families and supporting with Calgary’s entrepreneurial spirit, to engage multi-generational family philanthropy in innovative younger and diverse people, to take risks and ways. be innovative, and to always stay focused Impact in community continues to be our focus, with on impact. These are the ingredients that will over $45 million granted to 919 organizations last ensure we can deliver on our promise to build year. community, forever. Your feedback is a gift we value. Please feel free Highlights from the past year aligning with these to share your thoughts with us. It will help us stay insights: relevant. As a 63-year-old community foundation Impact investing is a new way Calgary It is an honor to support the charitable sector serving in an ever-changing world, we are Foundation is supporting organizations, with nearly $20 million invested in community social our community. We are grateful for the citizens in ‘‘ continually adapting. Ensuring our community who contribute in so many ways enterprise initiatives after its launch just two relevance to new generations is a years ago. to the causes they care about. We are proud to work alongside all of you on this journey to build a challenge every established organization The Community Knowledge Centre website community where everyone belongs. showcases community needs and the faces. It is a challenge we are organizations serving those needs, bringing value Eva Friesen, President & CEO embracing at Calgary Foundation. to more donors and community leaders daily. Bob Gibson, Board Chair Thank you to these investment managers for their partnership and support of our Annual Report. In the spirit of reconciliation, Calgary Foundation ’’ acknowledges that we live, work and play on the traditional territories of the Blackfoot Confederacy (Siksika, Kainai, Piikani) the Tsuut’ina, the Stoney Nakoda Nations, the Métis Nation (Region 3) and all people who make their homes in the Treaty 7 region of Southern Alberta. 1 Contents 4 / 2018 Highlights 5 / Board & Staff 6 / Committees & I just really wanted to give Volunteers ‘‘ 7 / Funds & Grants something back, in a meaningful 8 / Community Fund way, to enhance my community’s 9 / Community Grants 11 / Proactive Grants quality of life.” 12 / Youth Philanthropy Grants – Hayden Smith 12 / Strategic Opportunity 1930-2018 Grants 13 / Major & Signature Grants 14 / Daryl K. Seaman Canadian Hockey Fund Grants Hayden Smith spent a lifetime dedicated to his 14 / Grassroots Grants community, leaving a legacy that will forever be 16 / Donor Advised and engraved in the hearts and history of the city he Donor Designated Remembering the proudly called home. Looking back at the history of Funds & Grants Calgary Foundation, many influential people have 34 / Field of Interest Funds provided visionary leadership over the past sixty years. 36 / Student Award Funds But the Foundation’s story of success cannot be told without the mention of one key player – Hayden Smith. 39 / Charitable MILLION Organization Funds A well-known and respected Chartered Life 41 / Funds Administered Underwriter, Hayden built an extensive career serving For Others his clients and used his influence to rally support for 42 / Future Gifts DOLLAR community. As a volunteer with Calgary Foundation, 43 / Management Hayden shared his leadership and community-building Discussion & Analysis skills, acting as Vice President of the Board, and most 54 / Consolidated notably, organizer of the famous Million Dollar Dinner Financial Statements MAN held in 1979. 2 Canada’s First Million-Dollar Dinner Twenty-four years after its founding in 1955, with assets of only $120,000, the Foundation was struggling to raise its profile and grow its asset base. As head of the city’s Estate Planning Council, Hayden came up with a plan to get the organization moving. Invite Calgary’s most wealthy and influential people to dinner. Charge $1,000 a plate. Raise $1 million dollars. With the support of the Foundation’s Board Chair, Harry Cohen, Hayden’s dream became a reality. The first of its kind in Canada, the dinner surpassed its goal, raising an astonishing $2 million. This would be an amazing feat for 2018, let alone in 1979! There Harry Cohen and Hayden at a press conference Premier Peter Lougheed with Roni and Hayden Smith at the is no doubt that the million-dollar dinner gave the to promote the Million Dollar Dinner Million Dollar Dinner Foundation the momentum it needed, and we haven’t looked back since. Nicknamed “Spark-Plug Smith” for his infectious personality and never say no attitude, Hayden was one of Calgary Foundation’s finest ambassadors. In 1996, Hayden was named an Honourary Life Director, a fitting title to recognize decades of service and an unwavering commitment to his community. In his lifetime, Hayden saw the Foundation’s endowment grow from $120,000 to over $900 million – monumental success for which he had a large part in laying the groundwork. Thank you, Hayden, for sharing in our journey to make this community a great one. Your significant contributions as a pioneer of this movement will live Million Dollar Dinner held at the Calgary Convention Centre on “Calgary you’ve been good to me. Here’s to your on forever. May 10, 1979 future.” Billboard advertisement for Million Dollar Dinner, 1979 3 2018 by the numbers Vital Priorities Calgary Foundation will always maintain its 360-degree grantmaking process to support all areas of the $45.2 million granted to charitable sector. However, in the context of an $ everchanging world, we undertook research to identify 919 charitable organizations areas of the greatest need in our community. These Vital Priorities require greater leadership and resources over the next five years. 52 new Funds established Community Connections: Strengthening relations with Indigenous communities Support strategies that strengthen relationships between Indigenous and non-Indigenous people, that are built on mutual respect and traditional knowledge. $34.0 million Environment: Pursuing a sustainable future received in new gifts Support initiatives that educate and encourage citizens to take action and that strengthen the capacity of environmental groups to collaborate and develop community strategies. Arts: Living a creative life $534.7 million Promote a diverse arts sector that supports initiatives granted into the community since 1955. that align with Calgary Arts Development’s Living a Creative Life strategy. Asset base of $975.3 million Living Standards: Reducing poverty Increase awareness and support for endeavours that Ten year compound return align with the Calgary Poverty Reduction Initiative’s Primary endowment portfolio returned 7.82%, Enough for All poverty reduction strategy. benchmark indices 6.30% Wellness: Encouraging mental health Map and support initiatives that ensure a coordinated One year compound return community-based continuum of mental healthcare is Primary endowment portfolio returned 7.72%, available for children, youth, families and seniors. benchmark indices 5.60% 4 Board & Staff Board 2018-19 Board of Directors 2018 Staff Investment Administrator Gregory Lohnes Sara Banks Robert (Bob) Gibson, Chair Retired Executive Vice President, Céline Baril Office Administrator Retired Managing Director, Operations and Major Projects Taylor Barrie Director, Communications Rothschild Canada TransCanada Corporation Jason Bates Vice President, Grants and Community Director since 2010 Initiatives Director since 2011 Julie Black Elizabeth Peters, Vice Chair Citizen Engagement Associate Djaka Blais-Amare President, Siân M. Matthews Community Grants Associate Matthew Blough Liberty House Asset Lawyer Grants Impact Associate Grace Chiu Management Director since 2014 Gifts & Estates Associate Darlene Chrapko Director since 2013 Student Awards Officer Melissa Donegan Database Administrator Melanie McDonald Catherine (Kay) Best Renée Fan Regional Director, Estate and Controller Corporate Director and Samantha First Charger Trust Services (Western Canada), Citizen Engagement Practicum Student Community Volunteer Linda Ford BMO Trust Company Events & Development Specialist Director since 2011 Janice Francey Director since 2016 Co-director, Communications Eva Friesen President and CEO Jim Brownlee Dr. Alykhan Nanji Lauren Frosst Investment Associate Executive, C-health Group Founder Tim Fox Director, Indigenous Relations Great-West Lifeco and Director Janet Hails Community Knowledge Coordinator Director since 2014 Director since 2018 Irina Kovetsky Administrative Coordinator Dan Langlois Vice President, Chief Investment Officer
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