2014 Annual Report - Community Foundation of PEI

ANNUAL REPORT 2014
119 QUEEN STREET
SUITE 105
CHARLOTTETOWN
PRINCE EDWARD ISLAND
C1A 4B3
T 1-902-892-3440
F 1-902-892-0880
TOLL FREE 1-800-566-7307
E cfpei@pei.aibn.com
W www.cfpei.ca
BOARD OF DIRECTORS
STEVE MCQUAID – PRESIDENT
ROGERS BELL – VICE- PRESIDENT
TRACEY LAUGHLIN - TREASURER
CAROL FRASER – SECRETARY
TOM DAVIES – PAST PRESIDENT
STEVE DOWLING
PAULA FOLEY
KIM KLEIN
ROB LIVINGSTONE
MIKE MURPHY
ROD NICHOLSON
JOHN ROBINSON
JAMES TRAVERS
STAFF
GENERAL MANAGER – JENIENE PEAKE
FINANCE OFFICER – MARLA MACDONALD GIDNEY
OFFICE ADMINISTRATOR –HEIDI MACKINNON
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PRESIDENT’S REPORT
The Community Foundation of PEI (CFPEI) continues to
increase its profile and impact within the broader PEI community.
Over the past year we have been working to increase our overall
endowment base, and are more actively engaging Islanders on
important community issues. Our vision as a Foundation continues
to be:
‘to promote and support an Island of smart and caring
communities enriching the lives of all Islanders’.
Over the next few years, the Foundation is committed to two key
goals:
(1) Engaging Island communities; we will be reaching out to
all communities across PEI to ensure that everyone is aware of
the Foundation’s role and mission, and of the services we offer;
and
(2) Growing our Island Smart and Caring Communities Fund;
the goal is to add $500,000 each year over the next four years.
This will allow CFPEI to increase its granting capacity to Island
communities.
Our endowment base has continued to grow; the market value
increased from $7,090,000 at 2013 year end to $7,918,500 at
2014 year end. A total of $356,500 in new fund investments were
received in 2014.
With respect to our granting, some $290,000 was dispersed back
into the community through scholarship awards and community
grants; this total includes both earned income and ‘flow through’
funds.
In addition to working toward these broader goals, CFPEI has
been active on a number of levels in 2014; some of these activities
include:
LAUNCH OF ‘TAKING THE PULSE OF ISLAND YOUTH’ REPORT.
On January 8th, CFPEI publicly launched our Vital Signs Report
at a well attended media event at the Confederation Centre. Some
fifty plus citizens, community leaders, and government leaders were
in attendance to receive a copy of the report, and to hear a panel
of PEI youth speak about their experiences and challenges as they
transition into adulthood.
During February and March the Foundation took the results and
findings of the Report ‘on the road’. In collaboration with the PEI
Women Institute and the Education 20-20 Group, the Foundation
conducted presentations in eight locations across the province; in
total about 150 Islanders attended these presentations. Through
these efforts, our hope is that all community stakeholders will work
together to increase support to Island youth as they take their place
as emerging leaders and contributors in our communities.
YOU MAKE YOUR COMMUNITY CAMPAIGN
In March, CFPEI participated in the Community Foundation
of Canada’s - Your Community Makes You...You Make Your
Community. - Campaign. CFPEI is one of 191 Community
Foundations at work in Canada; for nearly a century, Foundations
have been supporting communities, and helping Canadians give
back to their communities. This initiative was designed to profile the
role and contributions of ‘community champions’ within PEI, and
to introduce Islanders to the work of the Community Foundation.
During this campaign, CFPEI celebrated the volunteer work and
commitment of four Islanders, including: Alex Douglas, a young
man who has worked extensively with young people and youth
groups; Meghan Blanchard, an accomplished singer/songwriter
who has generously given her time and talent to raise funds for
many Island non-profit groups; Ari Hoogerbrugge, a resident of
Souris who, in addition to his volunteer work with inmates in
Island Correctional Centres, has helped set up a program for kids
in his home community; and Margie Stewart, a long time resident
and volunteer from Eastern Kings. Ari and Margi attended our
May 2014 AGM and gave testimonials of their volunteer work, and
their beliefs and convictions around the importance and value of
volunteerism.
CONTINUING THE WORK WITH PEI’S NON-PROFIT SECTOR.
In collaboration with the PEI Community Sector Network
(CSN), and researchers from the Mount Royal University in Calgary
and Simon Fraser University in Vancouver, CFPEI undertook a
Social Enterprise Sector Survey with the non-profit sector on PEI.
This survey had been completed in several other provinces across
Canada, and is part of a national effort to explore new ways to
help non-profit organizations raise new funds and revenue to help
achieve their social missions and mandates.
REGIONAL MEETING OF ATLANTIC COMMUNITY FOUNDATIONS
In partnership with the Community Foundation of Canada,
CFPEI hosted the Regional Meeting of Community Foundations
in Atlantic Canada (there are nine Foundation across Atlantic
Canada). The two-day event was held at the Rodd Charlottetown
Hotel, and was attended by representatives from six of the nine
Foundations. In addition to meeting staff and board members
from other foundations and learning about their work, participants
also enjoyed a workshop on developing and maintaining positive
relationships with donors. The workshop was conducted by Suzanne
Gibson from the Community Foundation of Canada
SPECIAL ADVISORY COUNCIL
In June the Foundation invited nine individuals to join the
CFPEI Advisory Council to assist us in achieving our vision and
goals. The Foundation believes that to further grow and develop as
a helping organization, we need to engage other community leaders
who are interested in, and committed to, the social and economic
health of Island communities as we go forward. The Council will
help raise the awareness of the mission and work of the Foundation
within PEI, and help build our Smart and Caring Communities
Fund designed to assist communities across PEI. Current members
of our Advisory Council Include:
Wilma Hambly; Colleen Parker; Ray Keenan; Wayne Carew; Lou
MacEachern; Hon. Catherine Callbeck; Ryan Murphy; and Joseph
Spriet. (Note: Wade MacLauchlan was part of our intial council
membership, but given his recent new endeavours, he has since
withdrawn his membership.)
GOVERNOR GENERAL’S SMART AND CARING COMMUNITIES INITIATIVE
The Governor General of Canada, the Honorable David Johnston,
was on PEI to take part in the 2014 celebrations this past summer. At
a June 18 event hosted by the Governor General, CFPEI launched
1
its Smart and Caring Communities Fund Initiative. 2017 will be
the 150th anniversary of Canada and the Governor has challenged
Canadians to imagine our country as it could be – a “smart and
caring nation” - that holds promise for everyone.
Community Foundations across Canada have joined the
Governor General in helping to achieve this vision by establishing
Smart and Caring Communities Funds across Canada. The purpose
of CFPEI’s Smart and Caring Communities Fund is to fill a unique
and critical role. It will be an unrestricted fund and will provide
CFPEI with the flexibility to respond to the needs identified by
charitable organizations across PEI, now and in the future. Our
goal is to add $500,000 each year to our Island Smart and Caring
Communities Fund over the next four years.
CFPEI PROMOTION AND MARKETING WORKSHOP
LuAnn Lovlin, Director of Communications from the Winnipeg
Community Foundation was on PEI last July, and generously
volunteered her time to conduct a workshop with the Marketing
and Communications Committee, and other Board members
and volunteers. This was a useful and timely workshop for the
Committee, providing a range of ideas and strategies to communicate
and promote the work of the Foundation.
ANNUAL FUND-RISING GALA EVENT:
On July 26th the Foundation hosted its annual gala event at
the Glasgow Hills Resort and Golf Club. Gala attendees enjoyed
an excellent meal, and there was a good response to our silent
auction. The proceeds from this event are used to help with ongoing
administrative and operational costs and allow the Foundation to
engage in and support various community initiatives. A hearty
thank you to all who attend this event each year, the businesses and
individuals who have donated items to the silent auction, and the
staff at the Glasgow Hills Resort. This ongoing community support
is critical to the work of the Foundation.
ANNUAL AWARD AND GRANTS EVENT
Our August 21st, 2014 awards evening saw our largest turnout
ever of recipients, family members and friends. This event recognized
and celebrated our 2014 scholarship winners, award winners, and
grant recipients. This event is also the one time each year where the
Foundation publicly showcases to our donors, patrons and friends
the outcomes and impacts of the work we do.
Each scholarship, award, or grant presented during the event is
the result of someone who cared and who wanted to help out their
community in some way; e.g. helping a young person pursue their
education, or helping an organization to continue its good work in
the community. We want to thank all donors and patrons who have
helped to make this happen through their gifts.
NEW PARTNERSHIP
In 2014, CFPEI entered into a partnership with Syntrak Print
and Graphics Inc. This company offered CFPEI the opportunity
to receive pro bono design work with regard to rebranding CFPEI.
In turn our organizartion would use Syntrak for its printing
requirements. CFPEI is grateful for this relationship and is in the
process of revising and developing its promotional materials.
A HEARTY ‘THANK YOU’
On behalf of the Foundation, I wish to acknowledge the work of,
and thank the following people.
Our office staff, Heidi MacKinnon and Marla MacDonald
Gidney; they have worked to keep the ongoing administrative
tasks ‘on track’, and provided support to the work of the Board and
Committees.
Our heartfelt thanks to Jeniene Peake; Jeniene worked as our
General Manager since early 2010, and has been instrumental
in helping us strengthen the administrative elements of our
organization, and build our endowment base. Jeniene left the
General Manager’s post in September of 2014 to assume and enjoy
new grandparenting responsibilities. Thanks for everything, Jeniene.
And a hearty ‘thank you’ to Carol Fraser – our Board member
from Eastern Kings. Carol has served two terms on our Board,
and has been a solid advocate and supporter of the work of the
Foundation throughout her home region of Eastern Kings. Carol
has served as Board Secretary, a member of the Board Executive
Committee, and on the Finance and Audit Committee. Thank you,
Carol, for your work and support.
AWARD RECIPIENTS FOR 2014
SCHOLARSHIP PRESENTATIONS
• Joseph Spriet Scholarship – Emily
MacLeod
• Stephen Turner Memorial Fund –
Christine MacDonald
• Lowell Phillips Scholarship – Sam
Ferguson
• Orin Carver Scholarship – Lucas
Clow, Caleb Young, Kelly Green
•
Noreen & George Corrigan
Scholarship – Logan Donnelly,
Stephanie Doull
• Summerside-Natick Int’l Friendship
Hockey – Hillary MacLeod
2
• Arthur & Theresa MacDonald –
Katie Gallant, Rebecca King, Courtney
McCardle, Katie Drummond
• Architects Association of PEI – Lucas
Bergmark, Glen Nicholson
• Joan Auld Scholarship Fund – Megan
Burnside, Julie Ann Rayner
• The Christian Gavard Memorial
Scholarship – Jenna Miller
• St. Andrew’s Society Scholarships
– Kayla Bernard, Daniel Brown,
Bethany Burt, Lesley Clark, Brynn
Cutcliffe, Joel Doran, Robyn Doran,
Stephen Dunbar, Katie Gallant, Grace
Gormley, Matthew Hicken, Alexander
Keoughan, Jesse Knox, Lydia Lawless,
Alex MacBain, Gemma MacDonald,
Kate MacDonald, Megan MacDonald,
Jacob MacMillan, Maddie MacMillan,
Mark MacMillan, John Matheson,
Michelle
McCabe,
Courtney
McCardle, Joanna McKearney, Morgan
McKenna, Abigal McQuaid, Cody
Miller, Shana Morrison Wood, Ashton
Muttart, Zachary Muttart, Russell
Peden, Mishcha Taylor, Clay Tremere
FIELD OF INTEREST FUNDS
• Cumberland Rocky Pt. WI Legacy
Fund – Eliot River Elementary School
and Westwood Primary School
• J. Melvin Campbell Fund – Camp
Triumph and Boys and Girls Club of
Summerside
• Souris Community Fund – Souris
Consolidated Home and School
• Dr. Donald K. Taylor Memorial
Fund – Appin Road Day Camp
• North Tryon WI Legacy Fund –
Englewood Music & Library Program,
PCH Maternal Child Care Unit and
Tryon River Watershed Cooperative
• David A. MacKay Endowment
Fund – Zion Church, Central Queens
Clippers Soccer Club
• Dr. Marlene Bryenton/Ghiz Park
Fund – City of Charlottetown
• Jack Blanchard Music Program
for Kids – Prince Street, Spring
Park, Stratford, West Kent, LM
Montgomery, Parkdale and St. Jeans
Elementary Schools
• Arthur And Theresa MacDonald
Charitable Trust Fund – West Prince
Caring Cupboard, Salvation Army
Charlottetown,
Prince
County
Salvation Army, Upper Room
Hospitality Ministry, Southern Kings
and Queens Food Bank, Souris Food
Bank, PEI Literacy Alliance, Tracadie
Community Centre, Just Being Kids
Youth Group
• Island Arts Fund – Culture PEI
• Beach Tennis Club – Tennis PEI
• 2009 Canada Games Dreams and
Champions Legacy Trust – Grants to
25 organizations
COMMUNITY FUNDS
• West Prince Caring Cupboard, Salvation Army Prince County, Upper Room Hospitality Ministry, Southern Kings and Queens Food
Bank, Souris Food Bank, Salvation Army Charlottetown, PEI Council for People with Disabilities, Appin Road Day Camp, Boys and
Girls Club of Charlottetown
FLOW-THROUGH GRANTS
•
•
•
•
•
•
•
•
First Baptist Church
Indian River Music Festival
South Shore United Church
Crapaud Community Hall
Victoria Playhouse
College of Piping
Tryon & Area Historical Society
PCH Foundation
•
•
•
•
•
•
•
•
QEH Foundation
Watermark Theatre
Open Door Ministries
St. Thomas Anglican Church
Island Pregnancy Centre
Singing Strings
Wellspring Foundation
Salvation Army
•
•
•
•
•
•
Bedeque Historical Society
PEI Museum and Heritage
Bedeque Area Recreation Centre
Mount Allison University
Acadia University
Bedeque United Church
VOLUNTEERS:
Like so many organizations, the Community Foundation is grateful for the generous contributions of time and talents by its volunteers.
Marilyn Barrett
Susan Ching
Bruce Craig
Beth Cullen
Andrew Daggett
Ricky Dalton
Tom DeBlois
Joyce Gaudet
Jamie Kilbride
Norman LaLonde
Deborah Lavers
Kevin Lewis
Heather MacDonald
Katherine MacDonald
Kenneth MacDonald
Greg MacPhail
JoAnn McQuaid
Tony Sauer
MEMORIALS
When a friend or family member passes away, an In Memoriam contribution to the CFPEI’s Island Fund or another fund of your choosing
can be an appropriate tribute to honour a person’s strong belief in their community. Over the past year donations have been made by the
following individuals:
Aileen Adams
Carol Carney
Christian Gavard
Michael Horyl
Irene MacKay
Gerald Mitchell
Will McInnis
Morley Newsome
Leila & Ross Nicholson
Ralph James Robinson
Charles Scranton
Dr. Donald Taylor
Stephen Turner
3
NEW FUNDS
HEATHER HENRY MACDONALD FUND
This fund was established with an initial donation by Mrs. MacDonald. The purpose of the fund is to enable the Community Foundation to
address existing and future needs of the third sector on PEI. Mrs. MacDonald is retired from a teaching career which encompassed teaching in
elementary school, high school and at the University of Prince Edward Island. She has worked with many community organizations including
her church, the Seniors Advisory Council, Queen Elizabeth Hospital, the Home Economics Association, a Publishing Collective, the Cancer
Society, the Rose Society, the Quilt Guild and the Stratford Community Choir. She served as a Director on the Board of the Community
Foundation for six years and continues to be involved as an active member of the Foundation’s Granting Committee.
KATHARYN (MYERS) LEA ENDOWMENT
This was created to provide an annual award to Englewood School in Crapaud, PEI. The fund will support projects undertaken by full
time staff members that will enhance the educational experience for present and/or future students of the school. Projects are to support
enhancements beyond core curriculum, for example musical instruments, library books, computer lab equipment, drama program props or
costumes or class trips.
HAZEL AND JOHN ROBINSON FUND
This fund was established by John and Hazel Robinson and will provide a source of funds for the Foundation’s charitable priorities and to
support two named organizations. The creation of this fund further demonstrates their desire to assist, not only present, but future generations
of their community. John and Hazel have been active volunteers in a number of community organizations including Tryon Baptist Church;
First Baptist Church; North Tryon Women’s Institute; Confederation Centre of the Arts; the Tryon River Watershed Cooperative; and the
Tryon and Area Historical Society to name only a few. The Robinsons have been strong supporters of the Community Foundation and John
has served on the Board of Directors for several years and held the positions of President and Chair of the Fund Development Committee.
Both are passionate about Prince Edward Island and its beauty; protecting the environment and sustaining its lifestyle for future generations.
ISLAND TRAILS TRUST FUND
PRINCE EDWARD ISLAND TRAILS INC., operating as “Island Trails” is a not for profit non-government organization which actively
supports the promotion, development, and enhancement of Prince Edward Island’s extensive network of trails for healthy recreation and
educational use. Its mandate is to promote, develop, and maintain a network of trails in the province. The development of the woodland
hiking trails began in 2003, and the Dromore Woodland Trails as well as six other woodland trails were established by 2010. The realization
that a continuous flow of money will be required to fund existing and future undertakings of the organization led to the concept of an
endowment fund. It is visualized that money invested in the Island Trails Trust will generate a steady flow of income for Island Trails to include
in its annual budget. For further information or to make a donation to the Island Trails Trust, please contact any of the Island Trails Board of
Directors or the Community Foundation of Prince Edward Island.
PEI GOLF
The Junior Golf Development Fund was endowed at the Community Foundation of Prince Edward Island in 2014. The PEI Golf
Association was established in 1971 to be the governing body of amateur golf in Prince Edward Island. The Junior Golf Development Fund
was established in 2012 as the result of a generous donation to the PEIGA. The goal of the Junior Golf Development Fund is to provide Island
youth with access to the sport and the opportunity to develop their interest and skills regardless of their financial circumstances. The Junior
Golf Development Endowment Fund will assist junior golfers with the following:
• Access to equipment and playing privileges at local golf courses.
• Access to instruction for junior golfers of all skill levels.
• Entry fees and travel costs to participate in local, regional and national tournaments.
• Scholarships to further their education and golf career.
HONOURABLE CATHERINE CALLBECK ENDOWMENT
The Honourable Catherine Callbeck Endowment Fund was established by Hon. Callbeck to support various worthy causes including the
awarding of bursaries to Prince Edward Island students wishing to pursue a post-secondary education but lacking the resources to do so.
Eligible candidates will have graduated from a Prince Edward Island High School or have earned a GED High School Equivalency Diploma
within five years of applying for a bursary. Hon. Callbeck plans to build the Fund over a number of years and the awarding of bursaries is
anticipated to begin within 5 years.
THE ST. JOHN’S LODGE NO. 1
4
Through this Fund, Ross Estate Bursaries will be provided to eligible applicants who: are attending, or have been accepted to attend, a post
secondary institution (college or university); are members or kin of St John’s Lodge No 1, and have a demonstrated need for assistance to
further their education; and have submitted, along with their application, an essay on a topic of their choice.
SECURING OUR FUTURE RECOGNITION – CIRCLE OF FRIENDS
The Foundation is grateful to its Circle of Friends whose generosity and support has enabled the delivery of an enhanced level of service to
its clients in their philanthropic endeavours. The three levels of support and the members of each are:
Community – PEI Credit Unions
President – Rogers & Phyllis Bell, Norman Carruthers, Margaret
Ching, Joyce Gaudet, Bruce Lewis, Heather MacDonald,
Stanley MacDonald, Steve McQuaid, Dr. Alan Robinson, John
LIST OF PORTFOLIO FUNDS
Robinson, Harry Snow, Dave & Joyce Thompson, Norman G.
Clarey & Michele M. Murphy
Friends – Myron MacKay, Stan MacPherson, Peake and
McInnis
ALL FUNDS ARE FAIR MARKET VALUE AS OF DECEMBER 2014
COMMUNITY FUNDS
Fund # 126,805
Island Fund71,967
Edith and Eric C Robinson Endowment
90,806
Thomas Upson and Katherine W. Upson Fund
6,693
INTEREST FUNDS
2009 Canada Games Dreams and Champions Legacy Trust
3,337,931
Agricultural Equipment Fund
7,140
Alzheimer Society of PEI Foundation 75,283
Arthur &Theresa MacDonald Charitable Trust
379,748
Dr. Gerry Barrett DAPEI Legacy 37,853
Beach Tennis Club Trust Fund
12,630
Dr Marlene Bryenton - Ghiz Park Fund
30,669
HRH Duke and Duchess of Cambridge Legacy Fund
114,511
J. Melville Campbell Fund
48,157
Coles Reunion Fund7,229
Cumberland Rocky Point WI
35,644
Jessie Drummond Fund
3,111
Fund # 3
10,578
Glendenning Family Fund
20,966
Catherine G Hennessey Endowment Fund
44,646
Island Arts & Heritage Fund
57,383
Katharyn (Myers) Lea Endowment10,234
Living Memorial Trust
9,684
Fund 20209,265
David “Jiggs” MacDonald and Gerry Rutten Music Legacy Fund
59,679
Hesta MacDonald Legacy Fund
2,952
David A MacKay Fund
121,129
North Tryon WI Legacy Fund 44,151
Souris Fund
31,838
Summer Islanders Legacy Fund
9,018
Taylor Memorial Fund
14,683
Visual Arts Fund5,639
SCHOLARSHIP FUNDS
Architects Association of PEI Scholarship
57,287
Joan Auld Scholarship Fund
20,533
Jack Blanchard Music for Kids Bursary
20,061
Lorne and Ruby Bonnell Scholarship Fund
26,188
Orin Carver Scholarship Fund
139,617
Noreen & George Corrigan Scholarship
110,747
Christian Gavard Memorial Scholarship15,425
Lowell Phillips Scholarship Fund
19,811
St. John’s Lodge - Ross Estate Bursaries
203,451
5
Saint Andrew’s Society Scholarship1,114,382
Joseph Spriet Scholarship Fund
158,715
Stephen Turner Memorial Fund17,227
Summerside Natick Fund
12,930
AGENCY FUNDS
CFPEI Administration Fund
92,795
Friends of Camp Segunadeck 4,714
Indian River Festival Property Endowment 50,805
LM Montgomery Land Trust Fund
1,498
FUTURE FUNDS
Cheryl & Dr. Harry Callaghan Paediatric Trust 3,875
Terra Nova Endowment5,931
Thomas and Betty Hall Endowment Trust
12,917
Heather Henry MacDonald Endowment10,581
Hazel and John Robinson Endowment
14,068
Catherine Callbeck Endowment Fund55,383
HOSTED ORGANIZATIONS FUNDS
ALS Society of PEI
CFPEI Operating Fund
Dundas Cemetery Fund
Highfield Cemetery
Island Trails Trust Fund
Old Protestant Burying Ground
The Hospice Palliative Care Association
of PEI Fund
PEI 4-H Trust Fund
Tryon People’s Cemetery Fund
W. H.Tidmarsh Foundation Trust
Fund
FINANCIAL INFORMATION
The Community Foundation’s portfolio of funds are held in a consolidated trust fund (CTF) and professionally managed
by Philips, Hager & North.
The following chart provides an overview of the CTF performance over the 2004-2014 period.
Financial Information 2004-2014 Overview
of CTF Performance, before deducting fees
20.00%
15.00%
10.00%
5.00%
0.00%
2004
-5.00%
-10.00%
-15.00%
6
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
DONORS AND SPONSORS 2014
PERSONAL CONTRIBUTIONS
Michael & Deborah Annear
Sherman Barker
Gordon Barlow
Rogers & Phyllis Bell
Elaine Braccio & Alan Ford
Senator Catherine Callbeck
David Campbell
Norman & Diana Carruthers
Helen Chapman
Margaret Ching
Marlene Coles
Charles Coles
Parker Coles
Trent Coles
Ernie Coles
Clayton Coles
Michael Connolly
Harold Cooper
John Cox
Bruce & Patricia Craig
Edward Cross
Barry Cudmore
Angela Currie
Tom Davies
Pat DeBenedictis
Jack DesRoches
Valerie Docherty
Pierre Doiron
Rowan Fitzgerald
Paula Foley
Alan Ford
Carol Fraser
Joyce Gaudet
Claude Gavard
Brian Gillis
Dr. Don Glendenning
Janet Glendenning
Don Godfrey
Audrey Godfrey
Jean Godfrey
June Godfrey
Philip & Debbie Grubbe
Douglas & Debbie Hall
Tom & Betty Hall
Linda Harding
Richard Harrington
Catherine G. Hennessey
Brenda Howard
Senator Elizabeth Hubley
Barbara Knapp
Jamie Kilbride
Roger LeFrance
Barb Langille
Tracey Laughlin
David Lea
James C. & Marnie Leefe
Kevin Lewis
Gail Ling
Don Livingstone
Wes & Connie MacAleer
Norman MacDonald
Heather & Dunstan MacDonald
Kenneth & Elaine MacDonald
Allison MacDonald
Myron MacKay
Wade MacLauchlin
Lillan MacLean
Stan MacPherson
Linda MacRae
Owen MacRae
Jean MacRae
Mary Dunea
Betty & Claude Maurice
Betty McIver
Catherine McPhail
Steve & Evelyn McQuaid
John McQuaid
Michele M. Murphy
Mike Murphy
Rod Nicholson
Anne Nicholson
Thomas O’Leary
Nellie Patterson
Jeniene Peake
Keith Pigot
Demi Pirpiris
Paulette Power
Frank Purdie
Henry Purdy
Annette Purro
John & Hazel Robinson
Tony Sauer
Nora Scales
Daphne & Ian Scott
Paul Smith
Harry E. Snow
Richard Staton
Cheryl Stead
Ewen Stewart
Carol Traill
James Travers
Gloria Turner
James & Louise Wilmot
Donald Worthen
Island Lime Inc.
K Wenn Professional Corp.
Long & McQuade
Maritime Electric
Merrick Franchising
MRSB
Our Lady of Assumption Parish
Peake & McInnis
PEI Credit Unions
PH&N
Province of Prince Edward Island
Provincial Credit Union
Rotary Club of Hillsborough
Rotary Club of Stratford
Royalty Oaks Limited
Strategic Charitable Giving Foundation
Town of Cornwall
United Way of P.E.I
Garden Isle Farms
Yamaha Canada
CORPORATIONS
ABCE Management Partnership
Alan Robinson Inc.
Atlantic Evaluation Group
Capital Honda
Clarey Consulting
ECR Holdings
Ellis and Birt Ltd.
Fast Foods (PEI) Ltd.
Government of Canada
Holland College
7
The Community Foundation of Prince Edward Island Inc.
Statement of Operations and Net Assets
For the year ended December 31, 2014
Operating
Fund
$
Revenues
Donations
Fundraising and sponsorships
Government assistance
Administration fees
Investment income
Social Enterprise Survey
Total
2014
$
Total
2013
$
34,377
16,689
8,810
60,691
1,823
7,500
428,051
(49,574)
430,617
-
462,428
16,689
8,810
11,117
432,440
7,500
1,142,969
19,310
14,650
6,951
218,972
-
129,890
809,094
938,984
1,402,852
87,445
6,651
1,179
7,348
13,111
6,510
1,134
2,095
228
359
204,699
145
38,680
-
87,445
6,651
204,699
1,179
7,348
13,256
6,510
1,134
2,095
38,908
359
67,681
16,574
170,245
1,179
7,198
13,557
5,692
3,064
1,992
27,203
10,119
126,060
243,524
369,584
324,504
3,830
565,570
569,400
1,078,348
Unrealized gain on investments
2,245
255,664
257,909
499,617
Excess revenue for the year
6,075
821,234
827,309
1,577,965
74,830
6,143,414
6,218,244
4,604,356
-
-
-
35,923
80,905
6,964,648
7,045,553
6,218,244
Expenses
Wages and levies
Professional fees
Grants and scholarships
Insurance
Fundraising expenses
Office and telephone
Rent
Travel and meals
Workshops and conferences
Investment management fees
Vital Signs project
Operating revenue
Other revenue
Net assets - Beginning of year
Transfer between funds (note 5)
Net assets - End of year
8
Endowment
Funds
$
(3)
The Community Foundation of Prince Edward Island Inc.
Statement of Financial Position
As at December 31, 2014
Assets
Operating
Fund
$
Current assets
Cash
Restricted cash - flow-through
and award funds
GST/HST receivable
Endowment
Funds
$
2014
2013
Total
$
Total
$
43,265
87,681
130,946
51,126
89,192
3,010
-
89,192
3,010
54,711
1,601
135,467
87,681
223,148
107,438
-
7,831,195
7,831,195
6,982,339
135,467
7,918,876
8,054,343
7,089,777
4,735
-
4,735
9,635
89,192
-
89,192
54,711
93,927
-
93,927
64,346
(39,365)
954,228
914,863
807,187
54,562
954,228
1,008,790
871,533
80,905
-
80,905
74,830
-
6,964,648
6,964,648
6,143,414
80,905
6,964,648
7,045,553
6,218,244
135,467
7,918,876
8,054,343
7,089,777
Investments
Liabilities
Current liabilities
Accounts payable and accrued liabilities
Payable - flow-though and award
funds (note 3)
Hosted funds (note 4)
Net Assets
Unrestricted
Externally restricted
Approved by the Board of Directors
_____________________________ Director
_____________________________ Director
(2)
9