Thank You for your Generous Support of The Grove D. William and Betty Morison Tracy Morley ’93 Kaycee Morrison ’08 Simon Mortimer ’83 John Murray ’81 Pete and Ally O’Grady Norma Orgill Leslie Ormston Josh Pascoe ’07 Anil Patel ’93 Katia Pawlak-Omnes Fevri and Brikena Pazari Frank Pearce ’53 Frank Peniston ’67 Jonathan Popper ’87 Gavin Rainnie ’57 Alex Ramsay ’53 Martha Ramsay ’06 Peter Reid ’75 Dan and Lisa Rice John Rich ’81 Will Richardson ’07 Sara Ann Ross ’06
Scott Ross ’95 Ashley Royer ’00 Paul Sandford ’85 Marcelo and Jackie-Lynn Sarkis John Sellers ’48 Bruce and Linda Selman Perry Shearwood ’69 Samantha Shefsky ’08 Stefan Shier ’11 Jessie Sinden ’99 Scott Smith ’87 Richard and Joan Smyth Alan and Jane Stewart Patrick Stoker James Stuart Nicholas Syrett ’93 Sandra and Michael Taylor Lynda Terry Stuart Thompson ’91 Michael Townsend ’51† Helen Tredinnick Diane Trevis and David Shooter Emma Trottier ’03
Statement of Operations and Changes in Fund Balances Revenue Donations Bursary Reimbursement Investment Income Realized Gains on Investments Unrealized Gains/Losses Transfer from LCS for Fundraising Expenses
2010 $ 4,353,377 6,630 558,090 (237,626) 545,629 744,494
2009 $ 6,600,616 4,304 600,825 (696,248) (1,647,182) 950,329
Total Revenue
5,970,594
5,812,644
Transfers to LCS Capital Additions Bursaries and Scholarships Expedition Bursary Specific School Operating Items Fundraising Investment Management Fees Insurance and Administrative
2,506,412 1,700,000 31,874 516,808 744,494 75,097 16,132
3,506,143 1,531,274 25,447 473,050 950,329 64,596 18,404
Total Expenses
5,590,817
6,569,243
Excess (deficiency) of Revenue Over Expenses Fund balance, Beginning of Year
379,777 23,557,861
(756,599) 24,314,460
Fund Balance, End of Year
23,937,638
23,557,861
Expenses
28 | Grove News Fall/Winter 2011
Marcia Tupling ’92 John S.M. Turner ’79 Guy Upjohn ’48 Wilfried van Haeren and Monique van Haeren-Jagers Robin Cavanagh and Christine Vogel Al and Barbara Wallace David and Margaret Walsh Peter Ward ’49 Hugh Washington ’43 Koichiro Watanabe Douglas and Janet Watson Vern Weaver Allison Webb Bud Wesley ’60 James Williams ’67 Erin Yeatman Robin Young Anonymous (2)
Friends Michael Aben ’10 Baillie Allen ’09 Hillie Allen ’10 Chrissie Arnold Ruth Auclair and Colin MacDonald Jason Ayotte James W. Baillie Piers Barker ’87 Arabella Becker ’10 John Bennett ’59 Kyle Bennett-Walcott ’10 Rosemary Berringer Cindy Best Lindsay Bibbings ’10 Tayub Bilwani ’10 Sydney and Pamela Birrell Sue Bochner Cameron Boland ’10 Vicky Boomgaardt Marnie and Steven Bowcott Richard Boxer Johnathan and Erin Braeckman Anne-Marie DaSilva and Walter Brennan Connie Brown Lorraine Brown Stephanie Bruce Campbell Bryk ’10 Brian Bunting ’10 Ned Burgess ’10 Laura Burns ’10