Helping you make a lasting difference. Annual Report 2013 A SINCERE THANK YOU For assisting with our auditing needs: Lackner McLennan KPMG LLP Living Fresh M&M Meat Shops For assisting with our legal needs: Morning Glory Café and Bakery And a special thank you Miller Thomson LLP Northern Thai to our 2013 sponsors! Norton Rose Fulbright Canada Perimeter Institute Quarry Integrated Communications For assisting with our need for office School of Accounting and Finance, and meeting space: University of Waterloo Family & Children’s Services Simpson Print of Waterloo Region Tim Hortons KidsAbility Centre for Child Development Tivoli Films KW Counselling Services University of Waterloo Zehr Levesque Inc. Volunteer Action Centre Wagner Livock & Associates For supporting a variety of important needs: Walper Hotel Bingemans Inc. Waterloo-Wellington Chartered BMO Financial Group Accountants Association City of Kitchener Williams Fresh Café Civilian Printing Xtea Co. Cober Evolving Solutions Zoup! The Fresh Soup Company Communitech Community Foundations of Canada For assisting us with media support: Conestoga College Institute of Technology 570 News and Advanced Learning 91.5 The Beat The KWCF Annual Report is printed Conestoga Mall CTV Kitchener with the generous support of Crabby Joe’s Tap & Grill CHYM FM Cober Evolving Solutions. Deloitte LLP CKWR Decision.io DAVE FM Downtown Kitchener BIA Elmira Independent Entertaining Elements Exchange Magazine Ernst & Young Faith FM Grand River Personnel Limited Intrigue Media Grand Valley Construction Association K-Fun Hacienda Sarria Kitchener Post Hahn Rentals KOOL FM Igloo Software Rogers Television The KWCF Annual Report is KW Counselling Services SNAP’d – Kitchener/Waterloo produced with the generous Kitchener Public Library Waterloo Region Record Kitchener Rangers Woolwich Observer support of Quarry Integrated Communications Inc. 1 We Build. We Invest. We Lead. OUR MISSION TABLE OF CONTENTS The Kitchener and Waterloo Community Foundation improves the quality of life in Kitchener-Waterloo 1 A Sincere Thank You and area, now and for generations to come, by 2 Our Mission/Table of Contents building community endowment, addressing needs 3 Board Chair and CEO Message through grant making and providing leadership on key community issues. 4 Leadership in Action 5 KWCF Volunteers 7 Building 9 Building Stories 11 Investing 13 Investing Stories 15 Leading BUILDING 17 Leadership Stories 21 Funds – Market Value 23 Accumulated Donations 27 2013 Donations 30 2013 Grants 36 2013 Financial Report INVESTING 39 2013 Condensed Financial Statements 41 Your Foundation Staff 42 Financial and Grant Charts LEADING www.kwcf.ca 2 BOARD CHAIR AND CEO MESSAGE At The Kitchener and Waterloo Community Foundation (The KWCF), local organizations were selected for the case study, including we like to think of ourselves as collaborators, innovators and connectors. The Working Centre, Region of Waterloo and Foodlink. We can’t Last year surely marked a year of such work, as you will read over the wait to see how these dynamic and passionate leaders will change coming pages. the face of our community. The first report in a new cycle began for Waterloo Region’s Vital Signs® As always, Random Act of Kindness Day® was a hit last November. (WRVS). In this report, we stepped back and reviewed all 11 indicators, Over 160 ‘Kindness Krews’ participated in random acts of kindness and with the assistance of focus groups and the Vital Signs Expert on November 7th, and a brand new initiative began last year that Panel, it was determined that the four priority areas for our community we are really excited to share. Read on for inspiration from our will remain the same. This year also marked the first time The KWCF youngest community members! worked with the Canadian Index of Wellbeing in hosting the The Foundation’s partnerships flourished last year and we are proud to Community Wellbeing Survey. Read on for more details on this call Capacity Waterloo Region, Conestoga College, Skylight Productions exciting partnership. as well as Decision.io community partners for our important work with The Engage! K-W program saw many highlights in 2013. Including the Centre for Community Knowledge, as well as our Community the 2013–2014 class, we are proud to announce that 115 local Fund Grants. emerging leaders have graduated from the program. Another six Last year, over $2.2 million in grants were disbursed to over 190 different charities and non-profit organizations. New endowed gifts to The KWCF in 2013 reached over $2.3 million, with an additional $4 million in new non-owned assets. The KWCF would not be able to do the work we do without the support of our volunteers, community champions and sponsors. Those hundreds of hours of brainstorming, collaborating and meetings do not go unnoticed! We can’t thank you enough for believing in the work we do, and for making your community a better place to live, work and raise a family. David Brenneman, Rosemary Smith, Board Chair CEO 3 We Build. We Invest. We Lead. LEADERSHIP IN ACTION Over the past year, The KWCF Board has been developing and refining The KWCF Board believes that connecting with its owners is vitally governance processes. important for determining our strategic outcomes and ultimately accomplishing the Foundation’s mission. The owners of The KWCF Members of the Board also participated in the national conference include people who have demonstrated commitment to our community for Community Foundations in Winnipeg back in June. There, they had by stepping up and being counted through a gift of time, talent the opportunity to connect with volunteer leadership from foundations or treasure. across the world, to bring insight and learnings back to The KWCF. Throughout 2014, the Board of Directors will be seeking out members Given the completion of the governance work, the Board has now of this community who represent our ownership to participate in that shifted its focus outwards, seeking input and information in an dialogue, and looks forward to sharing the results of these conversations. engaged dialogue with people in Kitchener, Waterloo and surrounding areas who have expressed an interest in or are actively investing in bettering the community. www.kwcf.ca 4 2013 KWCF VOLUNTEERS Board of Directors Random Act of Kindness Robin Stanton Bruce Lauckner David Brenneman – Chair Day® Committee John Stilo Dianne Llewellyn Debbie Currie – Vice Chair Nate Tedesco – Chair Rick Vandermey Omar McLean Greg Barratt – Past Chair Marilena Benak Bryce Walker Leia Minaker David Calder Ryan Connell Picture Yourself Photography Ed D’Agostino Linda Dancey Leadership Identification David Pfrimmer Roger Farwell Enrique Espinosa Committee Sabrina Prudham Dave Jaworsky Alexandra Hardy David Brenneman – Chair (Jan–June) Tivoli Films Michael Klopchic Yvan Lamoureux Debbie Currie – Chair (July–Dec) Tomasz Adamski Photography Hulene Montgomery Glenn Marcus Greg Barratt Erik Traplin Jacqui Murphy Susan Mingie Penny Cleaver Waterloo Region Record Mike Murray Tiffany Scott Mandy Dennison Lori Payne Jennifer Sharer David Jaworsky Nominating Committee Lynne Short JR Waddell Idrisa Pandit The Nominating Committee Eric Strassburger is mandated by The Kitchener Vivian Zochowski Grants Committee Youth In Recreation and Waterloo Community Peter Meier – Chair Committee Foundation’s Act of Incorporation Audit Committee Penny Cleaver – Past Chair Shirley Redekop – Chair and is responsible for appointing David Calder – Chair (Jan–Nov) Heidi Balsillie John Cooper The Foundation’s Board of Directors. Ed D’Agostino – Chair (Nov–Dec) Carl Coelho Debbie Dover Greg Barratt Mary Ann Fleming Allan Enriquez Murray Costello, Chair, David Brenneman Beverly Harris Scott Harris Greater Kitchener-Waterloo Blaine Hertzberger Rita Hemmerich Victoria McFadden Chamber of Commerce Lori Payne Barb Hill Nadine Mueller Brenda Halloran, Mayor, Mark Walters Pari Karem Lisa Sailor City of Waterloo Sonny Kumpf Amy Tupling Ken Seiling, Chair, Engage!KW Committee Kristine Schumacher Megan Van Kemenade Regional Municipality of Waterloo Kourtney Beckman Judith Stephens-Wells Daniela Seskar-Hencic, Chair Tammy Bender Jessica Stockie For sharing their time, United Way of Kitchener-Waterloo Sarah Brown Suzanna Walter talent and treasure: and Area Gordon Hatt Gillian Wells Karl Allen-Muncey Carl Zehr, Mayor Julie Garner Wendi Campbell City of Kitchener Dayna Giorgio Investment Committee Canadian Blood Services Kristy Goss Eric Strassburger – Chair Centre in the Square Taryn Graham Greg Barratt Nelson Dunk Ryan Huckle David Calder Heather Franklin Paula Hutchison Jason Daly Living Fresh Tamara Niesen Dennis Huber Eric Goldberg Bryn Ossington Dave Jaworsky Brock Hart Matt Scobel Claude Macorin Chris Iden Matthew Trushinski Tim Martin KidsAbility Derek Weidl Larry Murray KW Counselling Jessica Wulff 5 We Build. We Invest. We Lead. www.kwcf.ca 6 BUILDING THE KWCF BUILDS COMMUNITY ASSETS IN THREE WAYS: THEKNOWLEDGE, KWCF BUILDS DOLLARS COMMUNITY AND RELATIONSHIPS. ASSETS IN THREE WAYS: WeKNOWLEDGE, are a local foundation DOLLARS created AND by RELATIONSHIPS.and for the people Weof Kitchener-Waterloo are a local foundation and area.created by and for the people of Kitchener-Waterloo and area. Number of Funds Number of Gifts New Non-Owned Assets 127 $2.8M $4.0M Whether you are looking to start a fund at The KWCF, connect with local organizations doing similar work, or looking for new ways to invest dollars for impact and to reduce costs, The Foundation can help. We take