Financial Assistance & Endowment

FINANCIAL ASSISTANCE

& ENDOWMENT

MESSAGE FROM THE MULGRAVE FOUNDATION

Dear Mulgrave School Community,

When I took on the role of Chair of the Foundation Board at the beginning of the 2021-22 school year, I did it with a personal conviction and belief that financial barriers should not stand in the way of access to a great Mulgrave education. As annual donations grow and our endowment fund builds, we will be able to do this more sustainably, and for even more students in the future.

The Foundation exists to support the school’s mission and our culture of philanthropy through its stewardship of gifts and endowments from individuals, corporations, foundations, and trusts. In the 2021-2022 school year, we:

• raised $750,000 towards our financial assistance programmes, • grew our endowment to a grand total of $2,431,175, • and supported 20 students with financial assistance, including 4 students from Afghanistan with full tuition and fees through the

Sparks programme. Generous contributions to our endowment fund allow us to expand our financial assistance programme sustainably and with stability by only drawing on interest. We are prudent with these donations, using an investment policy designed to deliver long-term growth and income generation with adequate diversification to reduce risk during turbulent markets. This long-term approach ensures we can continue to enrich our school as a whole by recruiting and retaining a diverse student body.

I would like to thank all donors for their generous support of our financial assistance programme as well as my fellow Foundation Board Members for their insight and commitment.

It is because of everyone’s dedication that we can support incredible students in their pursuit of personal best.

Sincerely,

Charles Chang Chair, Mulgrave Foundation

The Mulgrave Foundation is incorporated under the Society Act of British Columbia and is a tax-exempt, registered charitable organisation and public foundation under the Income Tax Act of Canada. It is a separate legal entity from the Mulgrave Independent School Society and is managed independently. An annual independent audit of the Foundation’s financial statement ensures legal compliance and fair presentation of financial position.

2021-2022 FOUNDATION BOARD MEMBERS

Charles Chang, Chair Tony Allard Michael Cytrynbaum Richard Durrans David Lede Angela Lee Tom McIntyre Bjorn Moller Annie Zhang

Joobin Ghasemi & Darya Khazei Parents of Milan (‘34)

Supporters of the Financial Assistance Fund

We are grateful to be a part of a school community that is so committed to enabling students to develop their creativity, innovation, and collaboration skills. By supporting Financial Assistance, we feel like we can help increase diversity in this community which will benefit all students by adding different points of view.”