2020 Annual Report - Brandon Area Community Foundation

C elebrating 55 Years

2020

ANNUALReport BACF 2020 Annual Report

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Brandon Area Community Foundation respects the treaties that were made on these lands and acknowledge that we are located on Treaty 2 Lands; the traditional homelands of the Dakota, Anishinabek, Oji-Cree, Cree Dene and Métis peoples.

MESSAGE FROM THE FOUNDATION CHAIR This has been a year unlike any other.

It goes without saying that the global pandemic of 2020 has severely impacted the world, including Canada and Manitoba. In the western world, and especially in Canada, we often dodge the worst of such global events, but COVID-19 has made its presence felt right here in western Manitoba. As I reflect on 2020 under lockdown, I am amazed and delighted by the acts of generosity from the community. What gives me hope is this community’s equally unprecedented commitment to responding to the needs of Brandon and the Westman area. The year of 2020 has been a difficult time in Westman but it has also given rise to some of our brightest moments.

In 2020, BACF granted more than $1,000,000 through various granting programs, with a focus on ensuring that those people and organizations in our community that needed support could stay warm, fed and operating. Through the Government of Canada’s Emergency Community Support Fund, we were able to grant almost $160,000 to various organizations working with vulnerable people who were most negatively impacted by the COVID-19 crisis.

A total of $750,000 from our fund holders, Youth in Philanthropy and Community Grant Program enabled us to fund various community building projects and other non-profit organizations that were delivering meals, providing mental health programs and safe and warm programs to people in need. The Manitoba 150 initiative gave us the opportunity to grant $100,000 to various community projects across Westman to help celebrate Manitoba’s 150th birthday.

The needs of our community have never been greater, but none of these initiatives could have succeeded without the support and engagement of our exceedingly generous donors and partners in philanthropy, government, and the non-profit sector.

On behalf of our dedicated and talented Board of Directors, I offer my sincere gratitude.

Thank you to everyone for your inspiration and for joining us in building Brandon and area together.

Well done, Westman! We will get through this together, by helping one another.

Dan Robertson, Chair

BACF 2020 Annual Report

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2020

Board Members

Dan Robertson, Chair WCB Manitoba, Regional Director Director since 2015

Bev Cumming, Past Chair Retired RN/Administrator, Brandon RHA

Governance Director since 2013

Michelle Hood, Vice Chair RPN/BScPN/Mental Health Counsellor, All People’s Counselling, Social Services

Bob Patterson, Secretary Court of Queen’s Bench

Gail Cullen Brandon Friendship Centre Executive Director

Andrea Epp, LL.B. Epp Law Office

Hope Switzer Brandon Neighbourhood Renewal Corp. Community Coordinator

Mayor Rick Chrest City of Brandon Ex Officio Director

Director since 2013

Director since 2017

Jaime Pugh, CPA, CA, Treasurer MNP Business Advisor, Partner

Brian Cottom, CPA, CA, CFP Premier Financial Planning

Greg Gatien Dean of Music, Brandon University

Erin Mills Director of Recruitment & Retention, Brandon University

Investment Director since 2013

Lawyer, Director since 2019

Director since 2019

Director since 2018

Arts & Cultural Director since 2020

Education Director since 2020

Environmental Director since 2017

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Years

CELEBRATING 55 YEARS!

Brandon Area Community Foundation was started 55 years ago by people wanting to help those they would never meet to overcome challenges they could never foresee.

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$1 MILLION+ GRANTED IN 2020!!

Recreation $70,360

Arts & Culture $114,309

Health & Wellness $369,894 Community $357,786

Environment $17,140

Education $122,575

Total 2020 Grants $1,052,064

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AMAZING GRANTS ARTS & CULTURE $114,309 Art and cultural organizations such as Artists in Healthcare, Brandon Festival of the Arts, Brandon Museum, Commonwealth Air Training Museum, Killarney Turtle Mountain Arts Council, Pilot Mound Museum and the Wasagaming Arts Centre received grants through BACF’s Community Grant Program or funding directed from donor-advised funds.

COMMUNITY $357,786

These grants are funded through BACF’s Community Grant Program and donor-advised fund holders. The majority of the projects funded are new builds or much-needed repairs to community structures such as daycares, senior housing, and recreation centres. The 2020 grant recipients include: BU Learning Centre, Community Health & Housing Westman, Habitat for Humanity, Helping Hands Centre, Onanole Recreation Centre, Provincial Exhibition, Samaritan House, Seniors for Seniors Co-op, Strathclair Theatre, and the YMCA.

EDUCATION $122,575 Funded from Designated Endowment Funds, scholarships were awarded to deserving students accepted into various fields of education including agriculture, basketball, music, nursing, the Manitoba Emergency College, and other post-secondary studies.

Educational programs such as literacy and various training programs offered at the Western Manitoba Regional Library and Samaritan House Training Centre were also funded.

ENVIRONMENT $17,140 Grants in this category are funded from endowment funds specifically created for environmental projects throughout BACF’s granting area. The Minnedosa Lake Improvement Project and the West Souris River Conservation District Burrowing Owl Recovery Program were recipients of this funding.

HEALTH & WELLNESS $369,894

BACF has seen an increase in support needed in this field especially during 2020. Through BACF’s granting program and the Federal Emergency Community Support Fund, BACF was able to fund organizations such as: Bear Clan Patrol, Camp Bridges, John Howard Society, Samaritan House, The Women’s Resource Centre, and the YWCA.These organizations were able to serve the population dealing with the impacts of COVID.

RECREATION $70,360 Similar to community grants, recreation grants are funded through the BACF Community Grants Program and also supported by donor-advised fund holders. BACF works with the donors to choose which project they would like to support. Keystone Agricultural & Recreational Centre, Glenboro Rink, and the Westman Trail Association were awarded grants in this category.

For more information visit www.bacf.ca

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HUGE DONATION TO HELPING HANDS CENTRE OF BRANDON

For more than a year, the Helping Hands organization was faced with a ticking time bomb: a serious water main erosion issue requiring replacement. If the pipe fully ruptured, the lack of running water in the building would immediately halt the organization’s efforts to supply meals to those in need.

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We would like to say thank you to the anonymous donors for their generous donations of $75,000 towards this project. With a $25,000 grant from BACF, Helping Hands is able to move forward and continue to provide a much-needed service in our community.

OF $100,000

HOW YOU CAN SUPPORT HELPING HANDS Accepted Non-Food Items:

•

Dishcloths + Tea Towels

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Napkins + Serviettes

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Plastic Cling Wrap

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Dish Soap

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Aluminum Foil Rolls

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Laundry Detergents

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Brown Paper Sandwich Bags

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Sandwich + Freezer Bags

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Paper Cups with Lids (for chili and soup)

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$159,120 GRANTED COVID-19 RESPONSE

Launched on May 19th, 2020, the Emergency Community Support Fund (ECSF) was a $350 million investment from the Government of Canada to support charities and non-profit organizations serving vulnerable populations as they managed the impacts of COVID-19.

Brandon Area Community Foundation is happy to announce that we were able to provide $159,120 to support local charities responding to COVID-19 as part of the partnership with Community Foundations of Canada, United Way Centraide Canada and the Canadian Red Cross.

This vast national effort aimed to support vulnerable populations disproportionately affected by COVID-19. This additional funding was a much-needed boost to their efforts.

BACF was honoured to be among the community foundations across Canada that participated in this initiative.

Thank you to all the local charities and non-profit organizations who worked tirelessly to support those who needed help the most.

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$4,200 Grant

$4,060 Grant

$14,800 Grant

$7,500 Grant

$35,580 Grant

$4,800 Grant

$9,000 Grant

$10,420 Grant

$31,600 Grant

$28,300 Grant

Big Brothers & Sisters of Brandon Association. Purchased iPads to provide their clients without the means of virtual communication to stay connected to their mentors.

Helping Hands Centre of Brandon Purchased a new commercial walk-in cooler.

Samaritan House Ministries For the purchase of a new commercial walk-in cooler and the construction of new rooms/beds for the Safe & Warm Shelter.

Brandon Bear Clan Patrol Brandon Provided care kits to community members who lost access to support due to COVID-19.

Women’s Resource Centre For additional programming to meet the increased needs of women and children in Brandon and southwestern Manitoba due to isolation. As per public health and safety regulations, an additional grant was provided to improve the sanitation to the centre’s existing kitchen.

YMCA Provided extra lifeguards to monitor physical distancing within the offered programs and swimming pools, as per COVID-19 regulations.

CNIB Foundation Funded virtual programming to their clients in Brandon and southwestern Manitoba.

Brandon Public Library Purchased 10 large screen tablets for the seniors lending library to aid seniors in staying connected.

Prairie Oasis Senior Centre Purchased commercial food preparation equipment for the “Meals on Wheels” program and iPads to assist seniors in communicating with their families during isolation.

Seniors for Seniors Co-op Inc. Funded the “Dinner is Served” program to seniors isolated due to COVID-19 plus purchased new kitchen appliances at the seniors centre for the dinner program. An additional grant funded seniors’ mental health programming.

$8,860 Grant

Keystone Agricultural & Recreational Centre For the purchase of sanitization equipment for public event spaces.

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CELEBRATING A LOVED ONE THRO

KAYES FAMILY

Designated Endowment Fund Brian and Jill Hannah-Kayes have created an endowment fund with the Brandon Area Community Foundation for the purpose of supporting emerging artists through the Community Gallery at the Art Gallery of Southwestern Manitoba. This support will honour the memory of their son Jordan who passed away in 2018. Jordan’s parents remember him as a talented amateur artist, with a gifted eye for colour. While he had many struggles in his life, his artwork brought joy to those with whom he shared it.

Brian and Jill both worked in service of the people of Brandon in their professional lives: Jill as a registered social worker, and Brian as an Occupational Health and Safety Professional and Emergency Manager for the City of Brandon.

They are both members of the Wheat City Lions Club. Jordan is also remembered by his two children, Valkyrie and Ronin, and their mother Jessi of Brandon, his mother Kate of Mexico, as well as siblings Daniel of Calgary and Ryan (with

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wife Krista and two daughters) of Whitehorse.

Jordan loved Brandon, and he often made time to put paint to canvas. It is the hope of the Kayes family that this endowment fund will help to equalize access to professional art institutions and the support they can provide, as well as demystify the transition from art-making to art-sharing.

For many emerging artists, it is the imagining of their work on public display that is the greatest barrier. Supporting and expanding the potential of the AGSM’s Community Gallery, a space by and for the citizens of Brandon, the Kayes Family Endowment Fund will help nurture the creative spirit in all of us.

OUGH A GIFT TO THE FOUNDATION IRV POWERS

Memorial Baseball Scholarship Irv Powers was an avid athlete who excelled in baseball and hockey. Born in Nesbitt, MB, Irv played in various minor, junior and senior leagues in Brandon and the Westman area.

He was a fierce competitor, teammate, coach, and mentor who loved to be on the ice and on the diamond.

He was born in 1934 and lived and worked on the family farm at Nesbitt. He had a 34year career with Manitoba Hydro. He passed away at the age of 86 in November 2020.

He is survived by his wife Audrey, and his children Jarrett, Jason, and Sherrill-Lee and their spouses, as well as four grandchildren.

Mr. Powers was passionate about the game of baseball. A speedy outfielder, he played minor ball in Nesbitt, Junior in Souris, and Senior ball with the Brandon Cloverleafs. A serious work accident in 1957 ended his playing career. Determined to not let the accident keep him from the sport he loved, with the support of family and friends, he returned to the diamond as a manager. He went on to coach the Brandon Cloverleafs for 23 years, winning several league and provincial championships. He was a provincial coach in five national senior baseball championships, winning gold in 1971 and silver in 1973. He coached both minor hockey and baseball in the Brandon area and also served in an administrative capacity for the Cloverleafs organization for many years. Irv was honoured for his baseball achievements in 1997 as one of the first members of the Manitoba Baseball Hall of Fame.

In honour of their dad, grandfather, husband, and the sport he loved, the Powers family have created a baseball scholarship. This

scholarship in the amount of $750 will be awarded annually to a graduating student who is a current member of Brandon Minor Baseball or the Westman Softball Association and will be attending a Canadian or American postsecondary college or university.The successful candidate must demonstrate academic achievement, community involvement, and leadership skills. The recipient must exhibit a high degree of sportsmanship and participation in the game of baseball or softball.

The Brandon Area Community Foundation Board of Directors wishes to thank the Powers family for giving us the opportunity to be the stewards of the Irv Powers Scholarship Fund.

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MILNE AND LISCHKA FAMILY LEADER LEGACY FUND

Brad & Carla Milne feel that they have been fortunate to live and work with some individuals who have exemplified exceptional community leadership – people who recognize the importance of volunteerism through leadership and have a desire to help others.

Brad’s father Les Milne was one of those leaders. The family is proud of his contributions to our community. In addition to acting as Superintendent of Brandon School Division for 22 years, Les also served on the executive side of a variety of community organizations. Mr. Milne was also a former Executive Director of Brandon Area Community Foundation.

Carla’s father, David Lischka, was a cattle producer whose passion was in the agriculture industry where he volunteered in the local 4-H Beef Club, the Southwest Feeder Association, and the local vet clinic, a true ambassador in his field. Mr. Lischka was a most talented, humble, and caring man. He raised his children and grandchildren to believe they could do anything they put their minds to. He taught his family that

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they all have a responsibility to contribute to their communities and help their neighbours.

Don Penny was another individual who made a lasting impact on their lives. Mr. Penny had a passion for mentoring young accounting professionals and gave generously of his time to many fundraising campaigns and organizations.

Jeff Cristall was one of the first business and community-minded leaders that shared the concept of philanthropy. As a colleague and co-partner at MNP, Brad and Carla are grateful for his many years of coaching and mentorship.

Many things have changed over the years in technology, family priorities, and other generational shifts. But one thing remains evident: our community continues to need these leaders that volunteer tirelessly and help people understand that we need to support certain aspects of our community for the people living in it to flourish.

The Leader Legacy Fund demonstrates respect and appreciation for the path our past communityminded leaders have blazed. It is a promise that we will continue to do our part in serving our community and in humanitarian efforts.

NEW Endowment Fund!

Art Gallery of Southwestern Manitoba

The AGSM has been proudly serving Brandon and its surrounding region for over 100 years.

Founded in 1907 as the Brandon Art Club, the AGSM is Manitoba’s oldest centre for visual art and one of Canada’s first. From its beginning, the people of Brandon have seen the value of having art and creativity in their lives and their city. They continuously work to support their mission to lead community transformation through contemporary art, education, and events.

The AGSM offers year-round exhibitions featuring artwork from leading local, provincial, and national artists that often addresses the specifics of this place and encourages new understandings of our community. The AGSM also produces regular public events and offers a robust art education program, offering tours, workshops and classes for children, teens, and adults of all skill levels.

Through the investment and guidance of the Brandon Area Community Foundation, the Art Gallery organization has created an endowment fund held with the foundation. This endowment fund will allow the organization the ability to match donations held in trust that will contribute to future art activities.

The Art Gallery of Southwestern Manitoba is a community engaged contemporary art gallery that celebrates artistic excellence and diversity within our region and beyond, supporting the belief that art is an essential element of what defines community, culture, and our nation. As such, BACF is committed to our partnership with the AGSM, to the artists, and to the deep art history of this land as we collectively work to understand the complexities and wonders of our lives and circumstances in this shared community.

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NEW

Endowment Fund!

Westman Lions Manor

$20,000 GRANT Supports Pediatric Mannequins for ACC’s Practical Nursing Program Assiniboine Community College (ACC) is about to embark on the next phase of student education in its Practical Nursing program.

In the fall of 2016, ACC opened its HOLO (Hands-On Learning Opportunity) Suites at its Brandon and Winnipeg campuses. These stateof-the-art suites are equipped with the latest models of high-fidelity simulation mannequins: one female that gives birth and one male adult at each location. BACF was able to provide a grant of $55,000 that was used to purchase one of these mannequins. Now the college is adding to the high-tech family with pediatric mannequins.

The main pediatrics unit for the province of Manitoba is located at the Health Sciences Centre in Winnipeg. This makes it difficult for ACC nursing students to receive the practicum training required to gain experience with children. In rural healthcare, nurses must be equipped with pediatric skills to properly and responsibly provide care, since they are often the first point of contact before a child is sent to

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a larger centre.

ACC’s Practical Nursing program welcomes 215 new nursing students each year. ACC also graduates the vast majority of Practical Nurses in Manitoba. These graduated nurses are working in hospitals in communities such as Boissevain, Brandon, Dauphin, Deloraine, Glenboro, Killarney, Minnedosa, Neepawa, Russell, Souris, Virden, and Winnipeg.

By providing ACC with a grant of $20,000 to purchase pediatric mannequins, BACF is supporting one of our local educational institutions and preparing nurses to provide more competent care to children in all hospitals throughout western Manitoba.

The Westman Lions Manor was made possible by the efforts of five Lions Clubs in Brandon. Their vision was to create an enriched environment for 55+ where they would have shelter, the ability to remain active, maintain social connections, and enjoy comfort, convenience, and safety in a healthy environment. The complex was planned to provide affordable housing to 55+ who can live independently. The Westman Lions Manor Board of Directors, comprised of members of

the Brandon Lions Club and Wheat City Lions Club, made the decision to create a legacy fund with BACF. The initial donations to build this endowment fund came from Lions members, family members of the tenants, and tenants who have created legacy bequests as part of their estate planning. BACF is honoured to have been chosen as the stewards of this fund.

Anyone wishing to donate to support the Westman Lions Manor Fund, please visit bacf.ca.

2020 GIVING CHALLENGE $59,600 Raised In November 2020, Manitobans once again demonstrated why we achieve more when we work together by raising more than $1.2 million for community foundations during the Endow Manitoba Giving Challenge. During this year’s Giving Challenge, each $5 gift made to a Manitoba community foundation’s undesignated/community fund was stretched by $1 from The Winnipeg Foundation (to a maximum of $2,000 per foundation) and by $1 from the Manitoba Government (to a maximum of $2,000 per foundation).

In spite of the trying environment caused by the COVID-19 pandemic, this year marked

BACF’s most successful results to date, raising $59,600. BACF received an unexpected donation of $50,000 from the Brandon Elks Lodge No. 14 that aided in the foundation reaching the maximum stretched dollars offered by the Manitoba Government and The Winnipeg Foundation.

Our community fund allows the BACF grant’s committee to decide where grant monies can be used most effectively each year through our grant application process. The more donations to this fund, the more granting dollars can be awarded to community projects.

THANK YOU to everyone who contributed during the 2020 Giving Challenge!!

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Brandon Area Community Foundation Celebrates Manitoba’s 150th Birthday!

Through the Build 150 program, BACF celebrated our province’s 150th anniversary by leaving a $100,000 legacy with bricks and mortar projects!

Thank you to James Richardson & Sons, Limited for contributing $50,000 in matching funds to BACF for projects that will have a lasting impact and leave a legacy in our community.

$40,000 GRANT Awarded to Keystone Agricultural & Recreational Centre

This Build 150 project is converting the greenspace area surrounding the stage in the treed area near 13th Street on the Keystone Centre grounds in the 100-yearold Patmore Forest. This project will be developed in phases to revitalize the area into a useful outdoor community space for all. The funding provided from the Build 150 initiative will complete phase one of the

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project. Phase one includes the installation of a 60 x 140 concrete slab to house a threeseason, clear-top tent for events, as well as the installation of an additional 30 x 30 concrete slab adjacent to a large slab with a permanent, open-pavilion roof structure. The focus in this area will be on weddings, farmers markets, and cultural celebration events, as well as for community programming such as Music in the Parks, youth day camps, and seniors’ programming.

$60,000 GRANT

Awarded to Westman Dreams for Kids Located at the Brandon Riverbank Discovery Centre is the Westman Dreams for Kids Accessibility Park. This accessibility park is the first of its kind in Westman and will benefit children in need of somewhere fun and safe to play for generations to come. The park has a rubber surface for wheelchair accessibility as well as accessible variations of popular playground items including a teeter totter, spinner, and numerous interactive groundlevel games and activities that provide an opportunity for children of all abilities to play.

The completion of this playground was truly a community endeavor. Thank you to the Westman Dream for Kids organization, our local supporters, and the James Richardson & Sons, Limited for helping make this playground a Build 150 project!

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Philanthropy

2020

Youth in Philanthropy CELEBRATING 20 YEARS!

The Youth in Philanthropy (YIP) students from the four local high schools of Crocus Plains, Elton Collegiate, Neelin, and Vincent Massey granted $10,500 to 20 organizations in our communities.

In teams, students learn about social issues impacting their community, choose a charity to research, and then share what they learned with their peers through a classroom presentation.

2019

Unfortunately, due to COVID-19 this year, the YIP grant presentation evening could not happen. We are happy to report that the following recipients received their grants via mail: Brandon Nursery School

Funds for Furry Friends

Brandon Regional Health Centre Foundation

Jeff Freiheit Memorial Endowment Fund

Camp Bridges, Prairie Mountain Health Canadian Cancer Society Canadian National Institute for the Blind Child & Family Services Sun Fund for Kids Children’s Den Inc. Commonwealth Air Training Plan Museum Douglas Community Centre

Prairie Oasis Senior Centre Project Linus Rapid City Library Samaritan House Shilo Military Family Resource Centre Westman Dream for Kids YMCA Strong Kids

The students, teacher advisors, and BACF would also like to thank the United Way Brandon & District for their partnership with BACF to provide financial assistance for the YIP program. The YIP students are very appreciative of the power and responsibility of making decisions about the grant monies and the leadership opportunities this program provides to them.

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BEND THEATRE Strathclair, MB The Bend Theatre in Strathclair derived its name in recognition of the original Strathclair settlement which was located some distance north on a “bend” of the Little Saskatchewan River. The town of Strathclair was moved south for better rail access when the CPR line was constructed through that area.

Opening in 1947, the Bend Theatre has provided many years of magnificent entertainment to hundreds of people from scores of communities in western Manitoba.

The Bend showcases live entertainment from annual theatre productions, courtesy of the Strathclair Drama Club, and provides a venue for hosting many community activities.

In a “normal” year, more than 3,000 people utilize this theatre.

BACF was able to provide The Strathclair &

District Theatre committee a $2,500 grant to assist in the upgrade of a much-needed sound system. This sound system will enable the theatre to be restored as a communityrun movie theatre and will provide an Assistive Listening System that will improve accessibility for individuals with hearing impairments.

Congratulations to such a dedicated community! The Bend is a magical place.

$28,000 GRANT Onanole & District Recreation Centre

This recreation centre is a central hub for locals of all ages from Onanole and the surrounding towns in the RM of Harrison Park including Erickson, Rolling River First Nation, Sandy Lake, Wasagaming, and Riding Mountain National Park. Young families are putting down roots in Onanole, and some of our newest Canadian citizens have arrived to add to the community.

Due to years of activity, the recreation centre was in dire need of a long list of work to keep it a vital and viable centre for this community. A working group of volunteers came together to repair, replace, and upgrade features that were at the end of their lifespan. Replacing the floor had been given top priority at a cost of $56,000.

This flooring project had all the elements that BACF’s grant committee looks for when deciding whether to award a grant: community involvement at all levels! BACF is pleased to provide the Onanole & District Recreation Centre with this $28,000 grant.

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$75,000 GRANT for a Canoe/Kayak Launch at the Brandon Riverbank

A canoe/kayak launch site does not currently exist in Brandon, which is unfortunate since the Assiniboine River has unlimited recreational opportunities. For years, the community has been vocal regarding a project of this nature and whether a launch site is possible on the Assiniboine River. At this time, the public is forced to utilize unsafe areas to dock their watercrafts. Due to COVID-19, it is more important than ever that we provide the public with as many safe recreational opportunities as possible.

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BACF felt this project was very much needed in our community and has provided a $75,000 grant to the Brandon Riverbank Discovery Centre. There is no better way to get out and enjoy the beautiful scenery along the Assiniboine River!

SUMMARY STATEMENT OF CHANGES IN NET ASSETS

STATEMENTS OF FINANCIAL POSITION

For the year ended December 31, 2020

Balance, beginning of year

New capital contributions

Flow-through funds received

For the year ended December 31, 2020

2020

2019

$13,783,700

$12,188,776

2,129,061

358,320

388,358

167,834

20,053

16,902

Share of net investment income

398,050

264,514

Cash Accounts receivable

Investments

Grants disbursed

43,000

(693,745)

Unrealized gains on held for trading assets

(167,834)

205,390

1,504,731

619,782

LIABILITIES $108,461

Demand loan

30,000

Deferred revenue

13,392

Managed Funds

13,913,363

Unrestricted Endowments Field of Interest Endowments

(82,278)

(129,663)

(82,278)

(129,663)

Designated Endowments Donor Advised Endowments Market Restricted Endowments

Balance, end of year

204,876

$38,645

151,853

38,645

615,740

683,991

1,514,533

1,612,835

2,282,126

2,335,471

1,951,379

1,842,921

475,037

527,773

3,323,334

1,754,048

8,017,653

7,931,939

53,211

51,547

158,672

56,917

1,823,945

1,618,555

NET ASSETS 15,885,509

Operating reserve to income

265,080

$18,085,357 $16,119,171

(449,918)

(358,320)

$202,633 2,243

640,379

Deferred Contributions Flow-through funds disbursed

$263,579 1,501

17,179,898 15,294,513

Accounts payable Grants returned

2019

ASSETS

Capital Assets

Share of administration expenses

2020

$15,803,231

$13,783,700

Operating Reserve Unrealized gains on held for trading assets

15,803,231 13,783,700 $18,085,357 $16,119,171 The above information are excerpts from audited financial statements dated December 31, 2020 reported by Sensus Partnership of Chartered Accountants

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Giving

GIVING to Your Community Foundation Your local community foundation is a charitable non-profit organization that contributes time, leadership, and financial support to initiatives that benefit your community most.

DONOR

Anyone can become a donor and gift a small or large amount of money to a community foundation.

DONOR ENGAGEMENT

Community foundations and donors work together to determine what community activities the money can support.

MAKE A CONTRIBUTION

Community foundations work with the donor to establish a new endowment fund or give to an existing fund.

INVESTMENT

The donor’s gift is pooled with a community foundation’s endowed assets, invested through careful stewardship, and the income is used to make grants.

GRANTS

Community foundations distribute grants to all corners of the community based on the needs of the community and the priorities set by the community foundation.

COMMUNITY IMPACT

The community foundation invests in many ways – grants, building partnerships and pooling knowledge, resources and expertise to stimulate ideas and strengthen community.

For more information visit bacf.ca or call 204-571-0529