Brandon University Foundation 2013 ANNUAL REPORT 1 Dear Members of the Foundation, GREETINGS FROM THE BU PRESIDENT Generous Donors, Friends and Family of BU, As you will see from this year’s annual report, this has been a very active fundraising year. We have received a number of large and significant donations, both for the Healthy Living Centre and for scholarships and bursaries for students. We have also received funding for scholarships and bursaries that have been particularly targeted for Aboriginal students. While many donations and awards are listed in this report, some are still pending negotiations on naming and matching agreements. So there will be more good news to come. I hope you enjoy reading this year’s annual report. I want to thank you for your continued support of Brandon University and the Brandon University Foundation. With best regards, Deborah C. Poff, PhD President and Vice-Chancellor GREETINGS FROM THE BU FOUNDATION PRESIDENT Brandon University Foundation was the other two pillars of the BUILD Campaign: incorporated in 1980 to promote the Scholarships and Bursaries, and initiatives for advancement of higher education at Brandon Aboriginal Student Success. University and improve the quality of its facilities and activities. We are grateful to the Thank you donors, alumni, friends and fellow many donors who have since helped us to carry volunteers for your continued support in helping out that mission, enabling us to enhance the us to build Brandon University! I look forward to programs and services offered to BU students. continuing our efforts in support of BU students. In 2013, much of our fundraising focus, Sincerely, through the BUILD Campaign, was on the new Healthy Living Centre, which is now open and being used by many community members. We continue to fundraise for the Nathan Peto remaining needs of that facility, as well as for President, Brandon University Foundation Executive Members Mrs. Tilda Fortier Ex-Officio Since its inception in Mr. Nathan Peto, President Mr. Garnet Boyd Ms. Leah LaPlante Dr. Deborah Poff Mr. Dick McDonald 1980, the BU Foundation Dr. Donna Michaels, Dr. Derek Brown BU President & Vice-Chancellor Ms. Pat Britton Mr. Robert McLennan has helped to raise and Vice-President Mr. Scott Lamont Ms. Jenna Clinton Mr. James McManes Vice-President, Administration & Finance continues to steward over Mr. Ed Mazer, Past-President Mr. Jeff Cristall Mr. Chad McNish $50 million. Mr. Shawn Chambers, Dr. Robin Enns Dr. William Myers Her Worship Treasurer Mr. Jeff Fawcett Ms. Carissa Taylor Mayor Shari Decter Hirst 2 Statement of Financial Position As at December 31, 2013 Assets 2013 2012 Current Assets 789,042 495,699 Investments 53,395,441 43,931,177 Total Assets $54,184,483 $44,426,876 Liabilities and Net Assets Current Liabilities 1,334,407 968,304 Deferred Contributions 3,842,521 4,148,164 Net Assets Unrestricted and Internally Restricted Funds 14,121,935 6,621,769 Endowment Funds 34,885,620 32,688,639 Total Liabilities and Net Assets $54,184,483 $44,426,876 Selected financial information Endowment Fund Donations 401,710 226,293 Campaign and Restricted Donations 771,193 591,276 Unrestricted Donations 8,844 9,176 Total Donations $1,181,747 $826,745 Gifts in Kind 7,847 16,655 Other Contributions 452,388 263,824 Total Donations and Contributions $1,641,982 $1,107,224 Total Disbursements to Brandon University $2,875,049 $7,779,186 3 Buildings and Equipment Institutional Advancement $820,447 – 28.5% and Alumni Relations Library Resources Research Scholarships and Bursaries Other Initiatives Academic Initiatives Academic Support $299,157 – 10.4% $23,452 – 0.8% $150,486 – 5.2% $106,024 – 3.7% Total Disbursements to Brandon University in 2013 $2,875,049 $242,239 – 8.4% $943,703 – 32.9% $289,541 – 10.1% 60 Total Disbursements to 50 Brandon University Since 40 1980 $41,688,656 30 $2,258,714– 5.4% 20 $5,104,330 – 12.2% 10 $2,338,229 – 5.6% $12,789,558 – 30.8% 0 1990 2006 2007 2008 2009 2010 2011 2012 2013 $12,785,218 –30.7% $2,963,005 – 7.1% $1,180,357 – 2.8% Assets Held by the $2,269,245 – 5.4% Brandon University Foundation (in millions) 4 Annual Fund $2,220 – 4% 2013-14 raises more than $10,625 – 17% $60,000* % Brandon University has raised – 3 7 ,3 8 5 $60,200 thanks to alumni $2 2 and donors who have made contributions through our $1,575 – 3% annual mail and email appeal. Many of these gifts are given in Annual Fund direct support of various priority $3,255 – 5% areas on campus, while others are undesignated, allowing $1,015 – 2% Brandon University to provide critical funding resources where our needs are the greatest. The Annual Fund continues $7,594 – 13% to generate important revenue for enhancements to programs $9,273 – 15% and services and is making a significant impact on our $2,258 – 4% students, allowing us to continue to provide a high quality General Campaign Faculty of Science School of Health Studies education in an intimate setting. BUILD Campaign Faculty of Education Scholarships and Bursaries *as at April 15, 2014 Faculty of Arts School of Music Other New Endowments Endowment Funds (in millions) in 2013 Dr. Al Bush Memorial Scholarship Bachelor of Education Scholarship- 40 Bursary for Aboriginal Students Mary Jo Carrabré Piano Award 30 Connor, Clark & Lunn Financial Group Scholarship-Bursary in Business 20 Administration 10 Friends of the Conservatory Scholarship 0 Jerry and Marnie Hemmings Award 1990 2006 2007 2008 2009 2010 2011 2012 2013 Pallister Women’s Athletic Award Shahna Bronwen Rice Memorial % of Net Scholarship in Physics & Astronomy Assets 66.7% 96.9% 94.8% 83.0% 76.2% 70.6% 75.6% 80.6% 70.9% St. Andrews Presbyterian Church # of 136 340 357 369 377 390 402 407 426 Centennial Piano Bursary Funds 5 BUILD Campaign The BUILD Campaign at Brandon University is currently raising Building new partnerships $22 million to support an all-inclusive at Brandon University approach to student success. It supports the University’s commitment to Soon we will be entering the public phase of the BUILD focus on the advancement, growth, Campaign to achieve our fundraising goal for the Healthy Living Centre. We look forward to continuing fundraising and solid preparation of our students for the two remaining pillars of the BUILD Campaign— enhanced scholarship and bursary endowment programs for thriving careers and engaged for each of BU’s five faculties and essential support for the citizenship. Aboriginal student success program. Prairie Ford Dealers Association Marking a significant investment in the Scholarships and Bursaries pillar of the BUILD Campaign, the Prairie Ford Dealers Association has donated $50,000 to establish a new award entitled the Prairie Ford Dealers Association Scholarship- Bursary. Four awards valued at $2,500 per year for the next five years will support Aboriginal students in all years of study in all faculties. Brandon University is pleased to announce this new partnership with the Prairie Ford Dealers Association, which represents over 50 Ford dealerships across Saskatchewan and Manitoba. Pictured (L-R): John Kelleher, General Manager, Kelleher Ford Sales, with Dr. Deborah Poff 6 Investors Group Brandon University is pleased to thank Investors Group for a gift of $50,000 to the Healthy Living Centre. This most recent gift marks the strong, supportive relationship between Investors Group and Brandon University, and caps off a giving history that totals over $200,000 to date. Past gifts have been in support of Bobcats Athletics, the Investors Group Distinguished Speakers Series and various other projects. Pictured (L-R): Tim Rowan, Regional Director, Investors Group Financial Services Inc., with Dr. Deborah Poff John & Nancy Kelleher and Kelleher Ford With their generous gift of $50,000 over the next three years, John and Nancy Kelleher and Kelleher Ford are setting a strong example of support for Brandon University within this community. This gift signifies the start of a new partnership, and Brandon University is delighted to count John and Nancy and the Kelleher Ford brand as strong supporters of student success here in our hometown. Building new partnerships Pictured (L-R): John & Nancy Kelleher, with Dr. Tom Breneman, BUILD Campaign Chair at Brandon University Connor, Clark & Lunn Financial Group Vancouver-based Connor, Clark & Lunn Financial Group’s recent donation of $100,000 to Brandon University marks the strengthening of a long-standing partnership. This gift establishes the Connor, Clark & Lunn Scholarship-Bursary in Business Administration. This award will support a full-time Business Administration student at a value of approximately $4,500 annually on the basis of both demonstrated academic achievement and financial need. Pictured (L-R): Dr. Deborah Poff with Lori Satov from Connor, Clark & Lunn Financial Group Heathbridge Capital Management Ltd. With a recent commitment of $40,000 toward an existing endowment fund at Brandon University, Toronto-based Heathbridge Capital Management Ltd. is opening more doors for BU Music students with the Heathbridge Capital Management Ltd. Scholarship in Jazz Studies. With this addition to the fund, as well as matching dollars from the Manitoba Scholarship and Bursary Initiative, an annual award of approximately $4,500 will be available to a deserving Jazz Performance student at BU. Pictured (L-R): Heathbridge Capital Management Ltd.’s President, Robert Richards, Dr. Deborah Poff, and Heathbridge Vice-President Finance, Rupel Ruparelia 7 Good News Awards Reception contributed $5.31 million, $5.31 million and $1.88 million respectively for a total contribution of $12.5 million. BU staff, students, HLC users and fellow donors were in attendance to celebrate this achievement and to show their appreciation for this investment in the community.