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2016 Annual ReportNurture Your Passion | Build Our Community | Create A Legacy
Thunder Bay Community Foundation
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Message from the President
2016 was a year of change and I am honoured to have such a hard working Board and incredibly generous and committed donors who joined with us to make a difference. We did a lot of heavy lifting in the areas of Finance, Governance and gifting.
As our portfolio approached the 10 million mark we determined it was time to review our investment options and we brought on Mawer Investment Management. (Look at the article in the Finance Section for the process). Mawer was founded in 1974 and has assets of over 40 billion. They also work with a large number of other Community Foundations.
The Finance Policies were updated, revamped and new ones were created to come in line with our Portfolio Management change. I want to thank Jim Symington and Ken Chase for the work they did on our Finance Policies including Allocating Investments and Disbursements. It was exciting and gratifying for staff and the Governance and Investment Committees to have their expertise (both men have a stellar financial backgrounds) and their input was welcome and invaluable. (Have a look at the report section on Built for Donors by Donors.)
Our Executive Director Bonnie Moore continues to work with charities bringing their special project needs to the attention of donors. Our donors have made a huge difference to many organizations including an investment of $50,000 to the 2016 Habitat for Humanity build. This challenge grant from an anonymous TBCF donor was instrumental in kick starting the fundraising effort of $50,000 more to complete the home on Finlayson Street for a special needs child and family of six.
The TBCF has become a real family endeavor for Kelly and me. I have thoroughly enjoyed my time on the Board. As I watched our donors come forward and create family funds Kelly and I decided to start the building process of our own and made the Kelly & George Badanai Family Fund Bursary. We also host the Grants Reception at Badanai Motors with the support of my work family and Neave our daughter has volunteered at the Receptions. This group extends to the Board, Alumni and donors. We gather regularly to celebrate our achievements at the Grants and Scholarship and Bursary Receptions; we connect through one on one discussions; commiserate at the Alumni and Donor Reception and do a lot of heavy lifting at Committee and Board Meetings. The TBCF family will continue to effect change in the lives of our fellow residents as we work together to build a legacy for our community in perpetuity.
Our donors Nurture their Passion, Build Our Community and Create a Legacy. All that we do is made possible by our donors. They create funds that reflect their passion for our community. Because of their largess and vision we are able to fund charity programs and projects that do so much for so many 365 days a year.
We are also able to give scholarships and bursaries to youth that make a difference for a life time. To the families who have left us Legacy Gifts in their wills, know we will work tirelessly to follow your wishes and dreams making sure our granting process continues to enrich and sustain our community.
-George Badanai
George Badanai with grant recipients
George Badanai with donor Sue Simonsen
George Badanai Opening the 2016 Grants Reception at Badanai Motors
1972$5,500 in grants are awarded
1971Foundation established with a
gift from Prue Morton
1973$3,800 in grants are awarded
1974$8,537 in grants are awarded
1975$6,881 in grants ar awarded.TBCF receives the proceeds
from the sale of the F.W Lawn Bowling Club
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Stories
Diane Mitchell (Former Habitat for Humanity CEO), Hrycyshyn
family, Bonnie Moore (Thunder Bay Community Foundation Executive
Director)
HABITAT FOR HUMANITY REACHES GOALIn May, one of our generous donors challenged Habitat for Humanity to raise $50,000 by the end of June to match their donation of $50,000 to build a home for a very deserving Thunder Bay Family. The Hrycyshyn family’s dream of having an accessible home will come to fruition. This new home will allow Taisha Hyrcyshn’s oldest son, who is confined to a wheel chair to enjoy time with his mother and younger siblings in the comfort of their own home.
Thanks to the hard work of Diane Mitchell, her team at Habitat for Humanity and many very generous donors in our community, the goal was reached and then some. Habitat for Humanity rose to the challenge and raised $62,562. This initiative really brought out the love in the community another anonymous TBCF donation for over $5,000 that was added to the project’s funds. The Hrycyshyn family was overjoyed and joined Habitat for Humanity CEO Diane Mitchell and Thunder Bay Community Foundation Executive Director Bonnie Moore on July 8th to celebrate this great accomplishment.
TBCF Executive Director), Joanne Tomlinson (Harbour Youth Services
Executive Director), Lesley Bell(TBCF Trustee and Grants Committee
Chair) and George Badanai (TBCF President)
THANK YOU FROM HARBOUR YOUTH SERVICES’ EXECUTIVE DIRECTOR JOANNE TOMLINSON, 2016 GRANTS RECIPIENT REPRESENTATIVEOn behalf of all of us here today, I would like to extend a sincere thank you to our wonderful hosts this evening! I’m sure you would all agree that we have enjoyed this very warm and welcoming atmosphere, plus it’s given us all a chance to forget, for a little while, the rain and the dreary weather outside.
It is a great honor to be offered a few minutes to speak on behalf of the grant recipients this evening. I must say that for an introvert like me, public speaking is definitely NOT my favourite ‘gig’ in the world, but as you probably know, Bonnie & MJ can be very persuasive! So I’m here to give it a go!
Just looking around this room you can’t help but be struck by the number of amazing stories that make up the work that we collectively do for others in our community. The timing of these grant awards during the start of the Christmas season really amplifies and helps to
remind us of the importance of the work we do. It is humbling and a great reminder that we are surrounded by many, many individuals who care deeply about the health and wellbeing of our community.
Now we all know that the non-profit world is synonymous with grant writing. It’s something I’ve been doing for the past 14 years. Not always successfully. In fact, it’s often really hard. I’m sure a lot of you can relate. Since a good number of the grants we strive to get are from corporations or Foundations outside of our city, it can be very challenging to sell your non-profit’s story and convince funders to part with money. With that being said, we are very fortunate to have an entity like the TBCF working on our behalf to support community needs. And they do it so very well. They are very approachable, respond quickly to our questions, they facilitate information sessions so we know exactly what funds are available and how to apply for those funds and they do so with very little fanfare. And so by your most enthusiastic applause, (think Will Ferrell in Elf) could you please join me in showing your appreciation for the TBCF and their tremendous gift to our community!
-Joanne Tomlinson, Executive Director of Harbour Youth Services
1976$10,300 in grants are
awarded
1977$10,415 in grants are
awarded
1979$12,555 in grants are
awarded
1978$11,370 in grants are
awarded
1980$11,990 in grants are
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Scholarship Profiles
2016 Scholarship and Bursary Recipients
RECEPTIONOn June 15, 2016 at the Thunder Bay Art Gallery, the Board of Trustees, Donor and Friends of the Thunder Bay Community Foundation came together for the 2016 Scholarship and Bursary Reception. This event celebrates students from the Thunder Bay and the District of Thunder Bay academic achievements and community involvement. 21 students will received almost $70,000 in Scholarships and Bursaries this year. These students are great examples of what our community has to offer and they are our lasting legacy.
Hanna Dahl, 2016 Scholarship and Bursary Recipients’ Representative
“The evening was very successful. The students were a pleasure and very grateful. Our donors and board were thrilled to meet these very deserving individuals.
We know they will be successful in their futures” – Bonnie Moore, Executive Director
We would like to thank all those who attended including our donors and friends of the Foundation and the volunteers that came together to help make the evening special for our recipients, their loved ones, and our wonderful school representatives.
Mike Maher, Attorney with Buset and Partners LLP and a 2007 Recipient of the Joshua Dyke
Scholarship
Moving speeches were given by by Mike Maher, Attorney with Buset and Partners LLP and a 2007 Recipient of the Joshua Dyke Scholarship as well as Hanna Dahl of Nipigon-Red Rock District High School, a recipient of the Roy Seymour Rogers and Geraldine Ruth Rogers Scholarship.
1985$48,575 in grants are
awarded$75,200 in scholarships are
awarded
1982$104,250 in grants are
awardedThe Joshua Dyke Family
Scholarship is established
1983$108,093 in grants are
awarded $30,000 in scholarships are
awarded
1984$70,803 in grants
are awarded $66,400 in scholarships are awarded
1981$12,450 in grants are
awardedEdyth Mary Dyke leaves $1.1
million to TBCF in Estate
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Paul Jasiura with Helen L. Dewar Scholarship recipients.
Marika Listemaa with Superior North EMS Leslie Vance recipients.
Cappy and Jim Cloquhoun (Donors) with Lesley Bell (Trustee and
Scholarhip and Bursary Chair) and Rod Morrison (Donor)
Bonnie Moore (TBCF Executive Director) with donors Pritam Lamba,
Kishore Sahkrani and Elizabeth Thomson
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Scholarships and Bursaries
John A. McLean ScholarshipHannah Viau, Westgate CVI
Shirley H. & Meredith O. Nelson ScholarshipBrooke Grootenboer, Sir Winston Churchill CVI
Superior North EMS Lesley Vance BursaryChelsea Malakoff, Manitouwadge High SchoolKatie Plummer, Superior CVI Hannah Knudson, Superior CVI
Helen L. Dewar ScholarshipEmily Delaney, Hammarskjold High SchoolJoseph Wood, St. Ignatius High SchoolAnastasia MacDonald, St. Ignatius High School
Victor Stevenson Engineering ScholarshipNick Ivany, Hammarskjold High School
Victor Stevenson Aviation BursaryHaley Leclair, Marathon High School
Ross A Wilson ScholarshipKayla Mckee, Hammarskjold High SchoolAmber Ziebarth, Hammarskjold High School
Justice Ronald B. Lester Memorial BursaryCharity Mascotto, Geraldton Composite High SchoolLaniah Scott, Hammarskjold High School
The Arthur Widnall BursaryDevon Wanakamik, Superior CVI
Roy Seymour & Geraldine Ruth Rogers ScholarshipAndre Bourgeois, Manitouwadge High SchoolTaylor Hunter, Manitouwadge High SchoolJulie Ferguson, Marathon High SchoolJulie Jaculak, Marathon High SchoolHanna Dahl, Nipigon-Red Rock District High School
Silver Jubilee ScholarshipBrendan Phyllis
Ruth W. Black Memorial BursaryArop Jok
Art Warwick with Shirley H. & Meredith O. Nelson Scholarship
recipient.
Eugene Kotyk with Victor Stevenson Engineering Scholarship recipient.
Ken Chase with Ross A Wilson Scholarship recipients.
Susan Lester with Justice Ronald B. Lester Memorial Bursary recipients.
Susan Jones with Roy Seymour & Geraldine Ruth Rogers Scholarship
recipients.
Sue Simonsen with The Arthur Widnall Bursary recipient.
1986$41,120 in grants are awarded $70,700 in
scholarships are awarded. Mr. Arthur Widnall donates $111,000
1987$40,100 in grants are
awarded$44,700 in scholarships are
awarded
1988Financial records for this year
are unavailable
1989Financial records for this year
are unavailable
1990$77,300 in grants are
awarded$54,500 in scholarships are
awarded
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GrantsThe Foundation would like to give a great big thank you to our wonderful marking committee who were presented with the challenge of reading each application, grading them and then discussing the final results. These remarkable individuals have one of the hardest tasks of any committee. It is daunting because at the end of the day, there is rarely enough money to cover all the applications.
This year, we gave out $146,735 through the granting progam, we received 83 applications for a total of $639,255.65 from a variety of charities all over Thunder Bay and the District of Thunder Bay. Our committee consisted of (pictured left-to-right): Evan Neufeld, Paul Jasiura (TBCF Trustee), Jordan Lester (TBCF Trustee), Julie Cleghorn, Lesley Bell (TBCF Trustee and Grants Committee Chair), and Tracie Smith.
Shirley & James Symington Family FundThunder Bay Boys and Girls Club
Christopher Jean Memorial Fund Shelter House
JSTS FundSt. James School - Emergency FundBlessings in a Back Pack for St. James School
Anonymous Habitat for Humanity 2016 House Build
Vancouver Community Foundation – Keith Lord Sport Foundation Fund P.R.O. Kids
Margaret & Arnold Westlake Foundation for the Arts FundThunder Bay Symphony Youth Orchestra - TBSYO 2017 Atikokan Tour
Harbour Youth Services of Thunder Bay - Art Attack - Part II
Ontario Endowment For Children and Youth in RecreationEvergreen A United Neighbourhood - EverYouth
Big Brothers Big Sisters - Hooked on Fishing
Hanna & Victor Stevenson Fund for Education and Arts Shelter House Thunder Bay - Through our Eyes in Four Seasons
Magnus Theatre Company Northwest Incorporated - Invisible Disabilities Project
Roots to Harvest - Expanding Classrooms
Habitat for Humanity receiving their grant from presenter Colin Bruce
Thunder Bay Boys and Girls Club receiving their grant from presenters
Jim and Shirley Symington
Big Brothers Big Sisters receiving their grant from presenter Julie
Cleghorn
1993$35,000 in grants are
awarded$24,000 in scholarships
are awarded
1992$30,000 in grants are
awarded$40,000 in scholarships are
awarded
1994$28,000 in grants are
awarded$20,000 in scholarships
are awarded
1995$28,300 in grants
are awarded$22,000 in scholarships
are awardedRuth Black donates
$249,000
1991$76,000 in grants are
awarded$40,500 in scholarships are
awarded
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Grants
Victor Stevenson Aviation Heritage FundNorthwestern Ontario Aviation Heritage Centre
Dr. S. Penny Petrone FundShelter House Thunder Bay - Shelter House Community Garden
Thunder Bay & District Humane Society - Education and Employment Preparation Program
Dr.R.K. Dewar Medical Research Fund Thunder Bay Regional Health Sciences Foundation - Hospital Elder Life Program (HELP)
The Multiple Sclerosis Society - Lake Superior District - Event Promotional Equipment
Keri Chase Memorial Animal Welfare Fund Save Our Songbirds - McKellar Island Bird Observatory
Community Fund for Canada’s 150th Thunder Bay Art Gallery - 150 Northern Artists/150 Years
VIBE - 150 Reasons We Love Canada - Thunder Bay
FIXT POINT Arts and Media - The Living Archive - Thunder Bay District
Thunder Bay Community Foundation General FundHarbour Youth Services of Thunder Bay - Harbour Youth Kindness Club
Precious Bundles Children's Clothing Assistance Program - Year Round Socks, Underwear and Bottles for Children
Lakehead Social Planning Council - On the Road with 211
Our Kids Count - Take Back the Kitchen
Thunder Bay and Area Victim Services - Support Groups for Victims
Ontario Nature (Federation of Ontario Naturalists) - Citizen Science for the Cold Blooded
St. Thomas Anglican Church Family Giving Centre - ST. Thomas Church Family Giving Centre
The Coalition for Waverly Park - The Waverley Park Pavilion
Our Kids Count receiving their grant from presenter Paul Jasiura
Northwestern Ontario Aviation Heritage Centre receiving their grant
from presenter Maria Hudolin
Save Our Songbirds receiving their grant from presenter Diane Chase,
Keri Chase Foundation Board President
ST. Thomas Church Family Giving Centre receiving their grant from
presenter Jordan Lester
2000$63,000 in grants
are awarded$50,750 in scholarships
are awardedAn anonymous donation of $157,000 is received
1999$40,000 in grants
are awarded$57,200 in scholarships
are awarded
1997$36,000 in grants
are awarded$29,000 in scholarships
are awardedDr. J.D. McIntosh leaves
$110,000 to TBCF
1998$77,300 in grants
are awarded$54,500 in scholarships
are awardedRuth Black’s total
endowment reaches$866,000
1996$28,000 in grants
are awarded$22,000 in scholarships
are awardedRuth Black leaves $497,000 to TBCF
in her estate
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Donors
Lesley Bell and Rod Morrison Family FundLesly Bell and Rod Morrison
Grace & Colin Bruce Family FundGrace & Colin Bruce
Dr. James & Cappy Colquhoun Family FundDr. James & Cappy Colquhoun
Jackie & Ernie Dojack Family FundJackie & Ernie Dojack
Christopher Jean Memorial FundBarbara and Douglas CameronMarcel JeanErin Madigan in honour of Tyler MadiganReily Madigan in honour of Tyler MadiganShalyn and Tyler Madigan
Susan Jones Friesen and Cliff Friesen Family FundSusan Jones Friesen
Thunder Bay Community Foundation General FundPaul JasiuraBonnie MooreSeppo PaivalainenScott Warwick
Anonymous (1)
Trevor Jonasson Memorial FundKelly Slack
JP Hudolin Family FundMaria & Jack Hudolin
JSTS FoundationJette Ducharme
Justice Ronald B Lester Memorial Youth Bursary FundJordan Lester
Marathon High School Youth Bursary
Mary & Dr. George Morrison Family FundMary & Dr. George Morrison
Habitat for HumanityAnonymous (1)
Vancouver Foundation - Keith Lord Sport Foundation
Susan Simonsen Cochran Aboriginal BursaryDavid Blakie on behalf of the Johnson Scholarship FoundationMark EdwardsKenneth MoffattBonnie Moore
Susan SimonsenJanet Veale
Shirley H. & Meredith O. Nelson FundMeredith O. Nelson
Superior North EMS Leslie Vance Bursary Fund
Honours and MemoriamsBonnie Moore in honour of Rebecca JohnsonBonnie Moore in honour of the Thunder Bay Youth Symphany Orchestra
2002$70,300 in grants
Are awarded$60,000 in scholarships
are awardedMr. Daniel Clara donates $45,000
2003$48,757 in grants are
awarded$97,000 in scholarships
are awardedMr. Ross Wilson establishes
the Ross Wilson Science Scholarship with a donation
of $250,000
2004$69,180 in grants
are awarded$55,000 in scholarships
are awarded
2005$72,550 in grants
are awarded$49,000 in scholarships
are awarded
2001$60,000 in grants
are awarded$60,000 in scholarships
are awardedThe John A. McLean
scholarship is established with $60,000
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Maria, Jack and Phyllis Hudolin, JP Hudolin Family Fund
Executive Director Bonnie Moore with donor Pritam Lamba of the Veena Lamba Scholarship for the Arts
Donors Sue Simonsen (Susan Cochran Simonsen Aboriginal Bursary) and Eugene Kotyk
Troy BarnardBrent ClineJason DesandoBryan DobrowolskyDevin DoranNick EndersPeter FinnieHeather GilbertDonald GosselinKelly HeikkilaDonald LemieuxHelen LetourneauMarika ListenmaaJames LongRob PlummerRhiannon RaynakBrian Schenk
Don StokesJustin StormTara Van DykHonor Wallace
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Named Funds1971 – 2004Founding Donation by Prue Morton Joshua Dyke Family Scholarship FundEdyth Mary Dyke Fund Helen L. Dewar Fund Dr. Robert K. Dewar Research Fund Arthur Widnall Fund William MacIssac Fund Helen L. Dewar Scholarship Fund Joseph Vezeau Fund Ruth Black Fund Dr. J.D McIntosh Fund Ontario Endowment for Children & Youth in Recreation John McLean Scholarship Fund Walter Ross Rogers Fund Dr. S. Penny Petrone Fund Ross A. Wilson Education Fund
2006Shirley H. & Meredith O. Nelson Fund Dr. George & Mary Morrison Family Fund Roy Seymour & Geraldine Ruth Rogers Scholarship Fund Thunder Bay Community Foundation President’s Fund
2008*Keri Chase Foundation Fund Anne Boswell Cochran Fund Hannah & Victor Stevenson Fund
2009The Estate of Eileen Lahti The Margaret & Arnold Westlake Endowment for the Arts
2010*Thunder Bay Art GalleryVictor Stevenson Aviation Heritage Fund*Justice Ronald B. Lester Memorial Youth Foundation Fund
2011Shirley H. & and Meredith O. Nelson Fund The Christopher Jean Memorial FundAda Carrel Fund *Hospice Northwest
2012Trevor Jonasson “Let Others Fly” Memorial Bursary Donny Ritza Fund Estate of Gertrude Lahti *Lutheran Community Care Centre Fund
2013Justice Ronald B. Lester Memorial Bursary Keri Chase Memorial Animal Welfare Fund*Dilico Children’s FoundationJune Morgan MacDonald Bursary for Arts & DesignEstate of Lucy Ritza Superior North EMS Leslie Vance BursaryDiane & Ron Watson Donor Directed Fund TBCF Trustee Alumni Fund
2014JP Hudolin Family FundKelly & George Badanai Family Fund Veena Lamba Scholarship for the Arts Shirley & James Symington Family
Fund Carolyn & Jack Verhoeven Dr. James & Cappy Colquhoun Family FundLesley Bell & Rod Morrison Family FundJackie & Ernie Dojack Family FundJSTS Fund*Kitty Kare *Habitat for Humanity *Shelter House *Thunder Bay & District Humane Society
2015Grace & Colin Bruce Family FundSusan Cochran Simonsen Aboriginal Bursary FundRebecca Johnson FundThunder Bay Police Cruisers Defibrillator Fund
2016Susan Jones Friesen and Cliff Friesen Family FundNorthwestern Ontario Aviation Heritage Centre Non-Endowed Agency Fund*
* Charity Endowment Funds
Donors Susan Jones and Cliff Friesen with Executive Director
Bonnie Moore
2007$71,499 in grants are awarded $71,000 in
scholarships are awarded
2008$76,453 in grantsare awarded$48,300 in scholarships are
awarded
2009$71,000 in grants are awarded
$43,000 in scholarships are awarded. Margaret & Arnold Westlake Endowment for the
Arts is established with an initial donation of $100,000. Amanda
Lahti Fund is established with a bequest of $60,000.
2010$87,500 in grants
are awarded$35,500 in scholarships
are awardedVictor Stevenson Aviation
Heritage Fund is established with a donation of $200,000
2006$103,201 in grants are
awarded $50,000 in scholarships
are awardedMr. R.S.Rogers establishes the Geraldine Ruth Rogers Scholarships with an initial
donation of $450,000
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Finances
Ken Chase, Diane Chase, Shirley Symington and Jim Symington
2016 brought on many changes for the Thunder Bay Community Foundation. As our portfolio was reaching the $10 million mark, the board took this as an opportunity to examine the policies related to our investments and financial management. With the help of two very dedicated donors (one of which is a former Secretary Treasurer for the board), the Foundation updated policies and added several new policies.
PORTFOLIO REVIEWThe Foundation’s Investment Policy was the first tackled by the Board. During this process, the Board examined the Foundation’s investment management practices. After interviews with many different firms, other Community Foundations and other Foundations, the Board decided that the portfolio needed to move to an investment management firm to facilitate future growth. Based on the proposals submitted and interviews with firms and stakeholders, the Foundation chose Mawer Investment Management as their firm and Andrew Johnson a their portfolio manager. The Foundation opened the year with $8.8 million, closed the year with $9.2 million and currently sits at over $10.5 million in its portfolio.
BUILT FOR DONORS BY DONORSThe next task the Board undertook was to examine the financial management practices of the Foundation. This included examining how the funds within the portfolio were managed, what and how information was presented to donors and what policies needed to be updated. With the help of Jim Symington (donor) and Ken Chase (donor and former Secretary Treasurer), the previous financial management policies were updated and new policies that outlined the treatement income and expenses (and more) were developed. The Board and Staff of the Foundation were absolutely grateful for all the hard work Jim and Ken put into helping develop the policies, testing the calculation methods, and analyzing the results. These individuals spent countless hours attending meeting and working directly with Reily Madigan (Secretary Treasurer) and MJ Green (Operations Coordinator).
We want to extend a special thank you to Jim and Ken, who are great examples of how our donors really help the Foundation move forward and grow!
MAWER INVESTMENT MANAGEMENTFounded in 1974, Mawer Investment Management Ltd. (pronounced moh-er) is a privately owned, independent investment firm, managing over $40 billion in assets for a broad range of individual and institutional investors across all major investment strategies. The firm employs over 120 people across locations in Calgary, Toronto and Singapore.
Andrew Johnson, CFA
ANDREW JOHNSON, CFAAndrew Johnson is an Institutional Portfolio Manager at Mawer Investment Management Ltd. and has been with the firm for 10 years. He is responsible for the management and servicing of institutional clients and their portfolios, working with many of Mawer’s non-profit and foundation clients. In addition, he is actively involved with the Community Foundations of Canada through Mawer’s role as Professional Development Partner and Lead Conference Sponsor. Before joining Mawer, he held positions in both the accounting and legal departments of a diversified private holding company based in Nova Scotia. Mr. Johnson earned a Bachelor of Arts from Mount Allison University and is a CFA charterholder. He is a member of the CFA Institute, the CFA Society Calgary and Toastmasters International. Mr. Johnson also serves as a volunteer with The Children’s Wish Foundation of Canada. Originally from Nova Scotia, Andrew lives in Calgary with his wife Stephanie and their 1 year old daughter, Ellie. Outside of Mawer he spends his time attempting to relive his glory days on the basketball court, running, and enjoying the beautiful Canadian Rockies.
2014$1.4 million raised
Over $400,000 in grants, scholarships
& bursaries are awardedFive new Family Funds
createdFour new Agency Endowed
Funds are established
2013$333,000 in grants, scholarships & Bursaries are awarded. Dilico
Children’s Foundations AEF established. Justice Ronald B.
Lester Memorial Youth Foundation merges with the TBCF. Keri Chase Foundation establishes the Keri Chase Memorial Welfare Fund
2015All time high of $505,000
given to charities and youth in our community
2012$135,000 in grants are awarded. $49,000 in
scholarships are awardedTrevor Jonasson Memorial
Bursary $25,000Donny Ritza Fund $55,000
Estate of Gertrude Lahti $90,000
2011$145,041 in grants are
awarded$35,500 in scholarships are awarded. Christopher Jean
Memorial Fund is established with an initial donation of $25,000 from Marcel Jean,
Christopher’s father
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Finances
The financial statements and Audit for 2016 were prepared by MNP LLP. The Thunder Bay Community Foundation’s fiscal year is January 1, 2016 through December 31, 2016. The Summary Financial Statements do not contain all of the disclosures required by Canadian accounting standards for not-for-profit organizations. We encourage you to read the complete Audited financial statements which are available from our office by calling 807.475.7279 or on our website at tbcf.org. The Thunder Bay Community Foundation is committed to responsible stewardship of all gifts entrusted to us. Thanks again to our donors who make our giving possible.
Assets 2016 2015CurrentCash and Interest Bearing Accounts $55,576 $399,553Accounts Receivable - -HST Receivable 7,532 4,452Prepaid Expenses 2,037 2,038Marketable Securities 9,240,801 8,598,138
$9,305,946 $9,004,181LiabilitiesCurrentAccounts Payable and Accruals $8,780 $8,780Government Remittances Payable 6,335 6,582Deferred Revenue - 575
Total Current Liabilites 15,103 15,937
Fund BalancesExternally Restricted 6,340,556 6,043,018Internally Restricted 221,957 217,752Unrestricted 2,728,330 2,727,474
9.290,843 8,988,244
$9,305,946 $9,004,181
Revenue 2016 2015Realized Gains $628,678 $5,894Dividend Income 486,075 150,923Interest Income 40,567 188,548Unrealized Gains (losses) (543,905) (715,627)Donations and Other Revenue 45,042 319,090Total Revenue $656,457 $(51,172)ExpensesOperating $181,851 $181,733Grants, Scholarships and Bursaries 291,664 503,171Excess 182,942 (736,076)Opening Balance 8,988,244 9,493,702,
Capital Receipts 119,657 230,618
Fund Balance $9,290,843 $8,988,244
PORTFOLIO ASSET MIX AT DECEMBER 31, 2016
Cash Equivalents 5.48%Canadian Fixed Income 33.67%Canadian Large Cap 14.02%Canadian Small Cap 3.65%US Equity 19.64%International Equity 19.49%Global Small Cap 4.04%
2016$209,464 in grants
are awarded.$57,200 in Scholarships and
Bursaries are awarded.
2017 2018 2019 2020► ► ► ►
This years return on investment is 7.5%.
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Board and Staff
Front (Left-to-Right): Reily Madigan (Secretary Treasurer), George Badanai (President), Bonnie Moore (Executive Director), Jackie Dojack (Vice-President).
Back (Left-to-Right): Michael Larizza (Trustee), Liana Frenette (Trustee), Jordan Lester (Trustee), Lesley Bell (Trustee), Colin Bruce (Trustee), Paul Jasiura (Trustee)
Not Pictured: MJ Green, Operations Coordinator
Auditor: MNP LLPLegal Counsel: Weiler, Maloney, Nelson
Banker: Royal Bank of CanadaInvestment Advisor: Andrew Johnson, Mawer Investment Management
The Thunder Bay Community Foundation would like to acknowledge their professional advisors:
Suite 312-101 N. Syndicate Ave., Thunder Bay, ON P7C 3V4
807.475.7279
www.tbcf.org
2016 Nominating Committee
Keith HobbsMayor, City of Thunder Bay
Charla RobinsonPresident, Thunder Bay Chamber of Commerce
Marie KlassenPresident, Lakehead Social Planning Council
2016 Volunteers
Neave BadanaiLeia Freeman
Lisa FrenchShalyn Moore
Karin NietscheiCassandra Tolmie
Thank you to all our wonderful volunteers!