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2013 Report to the Community

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2013 Report to the Community CHARTERED ACCOUNTANTS EDUCATION FOUNDATION OF ALBERTA 2013 Report to the Community sup-port (verb) \\sə-ˈpȯrt\ 1) to promote the interests or cause of 2) to provide substantiation 3) to pay the costs of 4) to provide basis for the existence or subsistence of 5) to hold up or serve as a foundation 6) to keep (something) going ed·u·ca·tion noun \ˌe-jə-ˈkā-shən\ 1) the action or process of educating or of being educated; also: a stage of such a process 2) the knowledge and development resulting from an educational process Courtesy of Merriam-Webster. CHAIR, CAEF BOARD OF GOVERNORS Bob Twerdun fca MANAGING EDITOR Contents Katie Starratt 3 About the CAEF 15 The Money Project EDITOR 4 A message from the Board Chair 16 Alberta CAs shaping the future for Jamie White financially literate youth 5 Celebrating the CAEF 18 Paying it Forward supporters CONTRIBUTORS 6 Inaugural CAEF Impact Award recipient Caitlin Crawshaw 20 Support for Educators 8 Anchoring accounting education Gitte Sorensen 21 PhD support program 10 Support for Students PHOTOGRAPHY 22 Remembering an exceptional educator, 11 2012 Don Wilson ca Memorial Laughing Dog CA and friend of the Foundation Todd Korol Scholarship recipient 24 Support for Post-Secondary Institutions Drew Myers 12 Inaugural Richard Schulli ca SC Photo Memorial Scholarship recipient 25 CAEF partners with non-traditional Chris Schwarz universities to strengthen the quality of, 13 2012 James C Miller fca Bursary and access to, accounting education GRAPHIC DESIGN in Accounting recipient 26 In review Nathan Webb 14 Student Awards 28 How the CAEF supported business education in 2011/12 Chartered Accountants Education Foundation of Alberta Email: [email protected] Through the contributions of every Alberta CA and additional generous donations, since its Phone: 780.424.7391 Toll free: 1.800.232.9406 inception, the CAEF has provided approximately $12 million in support towards business www.CAEFalberta.ca and accounting education across the province. 1 2 CAEF 2013 Report to the Community About the CAEF he CAEF is the Alberta Chartered Accountant (CA) profession’s Tnon-profit foundation that supports business and accounting education across the province. Through the contribution of every Alberta CA, and additional generous donations, the Foundation is able to provide support in the form of: • funding awards to post-secondary institutions; • PhD support funding to qualified individuals interested in ac- counting research and pursuing their PhD; • teaching prizes to exceptional university educators; • annual scholarships, awards and bursaries to business/account- ing students at post-secondary institutions in Alberta and at the University of Saskatchewan, high schools and the CA School of Business; and Group photo: (CAEF Board of Governors with CAEF • funding for special projects that advance accounting education Executive Director Jane Halford fca) and raise the profile of the CA profession. Left to right: Alex Tutschek ca, Ryan MacDonald ca, Jane Halford fca, Bob Twerdun fca, Karen Munjak ca, Lara The CAEF, led by a Board of Governors consisting of dedicated Gaede ca, Dan Silvester ca, Joanne Belliveau ca. Alberta CAs, is highly respected by members, post-secondary Board members pictured above: John Pinsent ca, Mike institutions and donors for its demonstrable contributions to Shaikh fca, Dave Bodnarchuk ca business and enhancing the CA brand. Note: Jane Halford fca stepped down as Executive Director on January 31, 2013. 3 A Message From the Board Chair Welcome to the 2013 Report to the Community! our donors—the outstanding individuals who give both their time and treasure to make a positive Through the contributions of every Alberta CA, difference, and who often inspire others to give and many other generous supporters, since its back and make an impact. inception the Chartered Accountants Education Foundation of Alberta (CAEF) has provided more In the pages that follow, you will read about a few than $12 million in support toward business and of the direct beneficiaries of Foundation support. accounting education across the province. While You will also read about some of the many ac- this is certainly a fulfilling accomplishment of which tivities that took place since our last publication, the Foundation is extremely proud, we want to including: a variety of fundraising initiatives aimed recognize that this success would not be possible at raising funds for the latest special project—youth without our many donors. financial literacy education; the creation of a new award designed to honour individuals for their On behalf of the Foundation Board of Governors, contributions to the work and goals of the Foun- our heartfelt thanks to donors for your invest- dation; and essential funding to post-secondary ments in the future of business and accounting institutions in Alberta. education in Alberta. To all of our donors, thank you for your dedication 2012/13 marks a particularly exciting milestone to the Chartered Accountants Education Founda- for the Foundation—its 30th anniversary. For three tion of Alberta and for helping us to achieve thirty decades, the CAEF has endeavored to raise aware- years of giving back to the profession. ness of the CA designation and ensure that there are sufficient numbers of qualified, well-educated We look forward to celebrating this milestone individuals pursuing the designation, now and in with you throughout the year and continuing this the future. journey with you in the many years ahead. Of course, none of this work would be possible without the support we receive each year. While Bob Twerdun fca this 30-year milestone is a celebration of the Chair, CAEF Board Foundation, for us it is also about celebrating of Governors CAEF Chair Bob Twerdun fca 4 CAEF 2013 Report to the Community Celebrating the CAEF ver the last 30 years, the CAEF has con- Otributed approximately $12 million towards business and accounting education in Alberta. This significant accomplishment would not have been possible without the generous contributions from Alberta CAs and other charitable supporters. 5 CAEF awards inaugural to deserving recipient Impact Award Awarded annually, and presented at the ICAA’s Building a legacy to the profession. What’s more, Canadian universi- Merit Awards Gala, the CAEF Impact Award ties—including those in Alberta—struggled to find For his contributions to the field of chartered ac- honours an individual for his or her contributions professors to teach accounting, since most CAs counting, Steve Glover fca, became the inaugural to the work and goals of the CA Education Foun- gravitated to careers in public practice or industry, recipient of the Chartered Accountants Education dation of Alberta. Candidates should demonstrate: not academia. Foundation of Alberta Impact Award in 2012. • active involvement in the Alberta business/ac- Knowing that something had to be done, the Insti- The award recognizes those who have championed counting community; tute of Chartered Accountants of Alberta (ICAA) accounting education in Alberta. But while he • the ability to be considered a role model for created a committee to look at possible solutions. proudly displays the glass sculpture on his mantle, other Alberta CAs; and “One of their recommendations was to establish Steve stresses that he didn’t commit himself to • significant contributions to the success of the a foundation to work with the universities,” says CA education for the recognition. CAEF in achieving its mission and vision (e.g., Steve, then a young accounting instructor from helping to promote and/or fundraise for CAEF “There’s nothing more important to any profession Ontario, who had been recruited to help with the projects, making a substantial donation, volun- than educating its future members. If you can be in- ICAA’s accounting education initiatives. In 1982, teering time to CAEF activities, encouraging volved in the building of institutions to support that the CAEF of Alberta was created, with Steve at colleagues to contribute to the CAEF through cause, there’s nothing more rewarding,” he says. the helm. time or financial support, and advocating for Steve’s involvement with the CAEF began in the At first, the CAEF was focused on working with Foundation initiatives). late 1970s. At the time, business was booming in universities to create high-quality education for To nominate an individual for the 2013 CAEF Alberta, thanks to a hot energy sector. But while accountants and to ensure they could attract top- Impact Award, visit www.CAEFalberta.ca. the demand for Chartered Accountants was higher quality instructors with PhDs to teach the curricu- than ever, the supply was dwindling. A few years lum, Steve explains. But during the two decades he earlier, professional associations across Canada worked for the Foundation, Steve says the CAEF had begun to introduce mandatory degrees for always adapted to the needs of CAs and, more CAs, which slowed the emergence of new talent broadly, Alberta’s business community. “From time 6 CAEF 2013 Report to the Community Steve Glover fca “There’s nothing more important to any profession than educating its future members. If you can be involved in the building of institutions to support that cause, there’s nothing more rewarding.” to time, the CAEF’s strategic focus has shifted, but its primary goal of supporting high-quality CA education has always been the same,” says Steve. From the beginning, the Foundation prioritized scholarships for PhD students in accounting; at other times, support was also given to establishing research chairs at both the University of Alberta and University of Calgary, for instance. And, over the years, the CAEF has opted to support account- ing education at the University’s of Lethbridge and Saskatchewan, as well as other post-secondary institutions in Alberta. Now in its 30th year, the CAEF has built a legacy in Canada. The Foundation has helped to improve accounting education standards across the country and beyond.
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