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Brandon University Foundation Brandon University Foundation 2014 ANNUAL REPORT 1 GREETINGS FROM THE BU PRESIDENT The Brandon University Foundation represents in our future because of your generosity. the accumulation of individual action and My message is one of thanks and gratitude contributions supporting the realization of to those who have made the dreams of our opportunities and the transformation of lives students come true, supported the dedication through the teaching, learning, research, and of our faculty and staff, and contributed to the innovation conducted at BU. many communities served by the University. Members of the BU Foundation Board, This year’s Annual Report highlights Institutional Advancement, and many others contributions made in 2014. You will read about must be thanked for their efforts. the generous gifts in support of the Healthy Living Centre. Through these contributions, members We are inspired by the commitment you of the Brandon community and beyond are able have shown to post-secondary education. to enjoy a healthier quality of life through access Contributions, both small and large, combine to this facility. Furthermore, the testimonials to help shape the future of students, faculty of our students speak to how scholarships and and staff, the University—and, indeed—the bursaries have permitted them to pursue their communities we serve. educational goals and promoted the aspirations of their families and communities and I am pleased Sincerely, to share with you news of some of our new awards including added support for Aboriginal students. Brandon University’s future is bright. We are Dr. Gervan Fearon poised to grow and flourish. We are confident President and Vice-Chancellor GREETINGS FROM THE BU FOUNDATION PRESIDENT It has been nearly a decade since I became a Working hard with all of you to see the member of the Brandon University Foundation Foundation prosper has been a rewarding Board of Directors as a Student Union experience, but it is a job that is never quite Representative and I still remember that meeting finished and I look forward to continued vividly. Even then the importance of the participation in my new role as Past-President. Foundation to BU and its students was abundantly clear and I was happy to serve on the Board and The strength of the Foundation is not just our contribute what I could to see it succeed. ability to improve Brandon University for today, but also to continue to ensure it flourishes to Ten years later I am proud to see the growth help future generations of BU Students. Thank the Foundation has achieved thanks to staff you for helping us serve today’s students and and board members, and most importantly secure our legacy for the future. supporters like you! Since 2005 the Foundation has disbursed $26,081,812 to the University in Sincerely, support of academic initiatives, student support, and capital development. As well, the endowment funds held by the Foundation have grown by Nathan Peto $19,157,490 to $44,518,925. President, Brandon University Foundation Brandon University Foundation Executive Dr. Robin Enns Ex-Officio was incorporated in 1980 to Mr. Nathan Peto, President Mr. Jeff Fawcett Dr. Gervan Fearon, BU President & Vice-Chancellor Ms. Leah LaPlante promote the advancement of higher Mrs. Tilda Fortier, Treasurer Mr. Scott Lamont, Vice-President, Administration & Finance Mr. Robert McLennan education at Brandon University Dr. Michael Kim, Acting Associate Vice-President External and improve the quality of its Members Mr. James McManes facilities and activities. Since its Mr. Garnet Boyd Mr. Chad McNish His Worship Mayor Rick Chrest inception in 1980 the BU Foundation Ms. Pat Britton Dr. Donna Michaels has helped to raise and continues to Mr. Michael Cain Mr. Rhoni Mohanraj steward over $50 million. Mr. Jeff Cristall Dr. William Myers 2 Statement of Financial Position As at December 31, 2014 Assets 2014 2013 Current Assets 369,573 789,042 Investments 60,475,284 53,395,441 Total Assets $60,844,857 $54,184,483 Liabilities and Net Assets Current Liabilities 986,740 1,334,407 Deferred Contributions 4,374,130 3,842,521 Net Assets Unrestricted and Internally Restricted Funds 14,054,725 14,121,935 Endowment Funds 41,429,262 34,885,620 Total Liabilities and Net Assets $60,844,857 $54,184,483 Selected Financial Information Endowment Fund Donations 1,663,262 401,710 Campaign and Restricted Donations 1,018,310 771,193 Unrestricted Donations 8,750 8,844 Total Donations $2,690,322 $1,181,747 Gifts in Kind 1,683,465 7,847 Other Contributions 233,668 452,388 Total Donations and Contributions $4,607,455 $1,641,982 Total Disbursements to Brandon University $4,021,187 $2,875,049 3 A cademic Initiatives A cademic Support $318,337– 13.8% Buildings and Equipment Institutional Advancement and Alumni Relations L ibrary Resources Research $376,068 – 16.3% Scholarships and Bursaries Other Initiatives $120,141 – 5.2% $20,520 – 0.9% $130,865 – 5.7% Total Disbursements $211,834 – 9.1% to Brandon University in 2014 $2,310,485 $872,165 – 37.7% $260,555 – 11.3% 60 Total Disbursements to 50 Brandon University Since 40 1980 $43,999,141 30 $2,598,783 – 5.9% 20 $13,661,722 – 31.0% 10 $2,400,110 – 5.5% $1,200,877 – 2.7% 0 1990 2007 2008 2009 2010 2011 2012 2013 2014 $5,316,164 – 12.1% $2,378,855 – 5.4% $13,103,557 – 29.8% Net Assets Held by the $3,339,073 – 7.6% Brandon University Foundation (in millions) 4 Annual Fund $14,763 – 19% % 2 3 2014-15 raises – ,6 1 0 more than $1 7 $75,000* Thanks to the generosity of BU alumni and friends who have responded to our annual mail and email fundraising appeal, $75,717 Annual Fund has been raised in support of various $5,920 – 8% University priorities. A portion of these gifts are unrestricted, allowing the University to use the funds where they are needed most, while $4,505 – 6% others have been made to directly $1,773 – 2% benefit a particular faculty, program, $22,227 – 29% $1,425 – 2% scholarship, or other area of interest $3,394 – 4% $4,100 – 5% to the donor. This important revenue impacts our students directly and contributes to initiatives that will further the University’s strong reputation in teaching and learning. *as at April 15, 2015 General Campaign Faculty of Education Faculty of Science BUILD Campaign Faculty of Health Studies Scholarships and Bursaries Faculty of Arts School of Music Other New Endowments Endowment Funds (in millions) in 2014 Professor John Blaikie Bursary in 60 English and Creative Writing E. A. Bollman Award 50 Brandon University Physical Education Club 40 Bruce Brinkworth Scholarship Robert Brockway Memorial Scholarship 30 A. James Ford Memorial Scholarship-Bursary The Dr. Bruce and Mrs. Jane Forrest 20 Scholarship for Physical Chemistry 10 David Keith Hunter Memorial Science- Education Scholarship-Bursary 0 Eileen McFadden Endowment for the 1990 2007 2008 2009 2010 2011 2012 2013 2014 S. J. McKee Archives Dr. Deborah Poff Aboriginal Student Scholarship-Bursary % of Net Brandon University Psychology Club Assets 66.7% 94.8% 83.0% 76.2% 70.6% 75.6% 80.6% 70.9% 74.4% Students Helping Students Bursary Mel & Ruth Turnbull Scholarship-Bursary # of 136 357 369 377 390 402 407 417 428 Funds 5 BU Surpasses Goal Set by Building new partnerships at Brandon University Richardson Foundation Richardson Foundation Partnership Score a Seat Campaign In a show of their outstanding support for Brandon BU’s success in surpassing this goal is largely thanks to the University’s state-of-the-art Healthy Living Centre (HLC), Score a Seat Campaign, a major community-based initiative the Winnipeg-based Richardson Foundation gave $250,000 in launched in 2014 for the sale of over 1,000 spectator seats in the 2014 toward the new facility, and pledged up to an additional HLC. Score a Seat provides alumni, supporters and friends the $250,000 in matching dollars for all HLC funds raised opportunity to purchase one of the new spectator seats in the that same year. Through the generous support of our local HLC, and affix their name or an inscription of their choosing community and partners, Brandon University is pleased to on the seat for the next twenty years. announce that we surpassed this matching fund goal in 2014, and that the total funds committed and leveraged by the “Support for the HLC in 2014 through Score a Seat, with funds Richardson Foundation now total well over $750,000. matched by the Richardson Foundation, offers an amazing In recognition of this partnership, the new gymnasium has opportunity to directly invest in the health and wellness of been renamed the Richardson Gymnasium. our Westman community,” says Dr. Tom Breneman, BUILD Campaign Chair and local dentist. “The outstanding vision of “Our firm and Foundation have a long history with and the Richardson Foundation has helped us leverage this support, connection to Brandon University,” says Hartley Richardson, and we are delighted to have surpassed our goal.” President and Chief Executive Officer of James Richardson and Sons, Limited, and a trustee of the Richardson To date, 200 seats have been sold in the Richardson Gymnasium, Foundation. “We are extremely pleased to be a part of BU’s with all funds raised directly supporting the HLC. To purchase latest campaign and provide our support for this important a seat of your own, contact the Advancement office community project.” at 204.727.7374. 6 Past Bobcat Coaches Honoured In honour of Brandon Good News University’s storied athletics history from its Local Family Establishes Award time as Brandon College up for Science Education to the present day, “Coaches Row” is now a permanent The family of David Keith fixture in the Healthy Hunter, a Brandon College Living Centre’s spectator graduate and former Virden seating.
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