STS Foundation Annual Report 2022-2023

Foundation ANNUAL REPORT 2022-2 0 2 3 S C H O O L Y E AR

T A BL E OF CO N TENT TE NT S 44

MESSAGE FROM THE FOUNDATION CHAIR

66

FOUNDATION HEAR ITE SFROM STS S CH O LAR S H IPS ,DIRECTORS BURS ARIE S , |AN D PRIZ

7 8

10 9

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ME S S AG E FRO M T H E FO UN DAT ION CH AIR

STUDENTS

T H AN K YO U TO O UR DON O R S

SCHOLARSHIPS , BURSARIES , AND PRIZES AT KIN S ON S O CIE T Y

THANK YOU TO OUR DONORS

12 12

ATKINSON SOCIETY

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FINANCE REPORT

2 022-2023 ST S F O U N DAT I O N AN N UAL R E PO RT

FINAN CE RE PO RT

TH E ST R A T H C ONA-TWEEDSMU I R S CHO O L (S T S) FO U NDATI O N S ER V E S T O A DV A NCE TH E L O N G T E R M INTERESTS O F TH E S CHO O L. T H E FO U NDATI O N S UP P O R T S T H E SCH O O L ’S MI SSI O N

BY S T E W AR D I NG TH E L A ND , B UI L DIN GS , AND E ND O W M E NTS , A N D W IT H P H IL ANTH RO PI C P R OGR A M S, R E JUV E NA TE S C A M P U S F ACI L I TI E S AND EN CO U R A G E S STU DENTS TH RO U GH SC H O L AR S HIP S A ND B URS A RI E S.

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MESSAGE FROM THE FOUNDATION BOARD CHAIR

Eric Le Dain

The Strathcona-Tweedsmuir School Foundation (the “Foundation”), governed by a volunteer Board of Directors, was established as an independent charitable entity 22 years ago. The Foundation’s role has been to hold and steward the endowed funds and the building and land assets of Strathcona-Tweedsmuir School (“STS” or “the School”).

Each year, the STS community generously donates to meet the School’s immediate needs. It continues to grow the endowments and maintain the building and land assets to serve the needs of students today and in the years to come.

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2 022-2023 ST S F O U N DAT I O N AN N UAL R E PO RT

The STS community, including past and current parents and employees, students, alumni, and other supporters, donated $207,000 to the endowments/trust fund during the 2022-2023 fiscal year. Additionally, $29,943 was received by the Foundation from pledges made several years ago by donors in support of the facilities and other priorities of the Inspiring Possibilities campaign. Notably, at the end of 2022, a very generous anonymous donation by an STS family retired the residual debt incurred to build the Elementary and Fine Arts Wings.

The Foundation granted $575,250 from the endowments/trust fund in 2022-2023 for scholarships, bursaries, and prizes, similar to the previous year. Per express donor wishes, an additional $18,000 was granted to support Health and Wellness initiatives. The sum of $593,250, together with an additional $52,640 from the School’s annual operating funds, for a total of $645,890, was used to support 118 students or roughly 16% of the student population. This level of financial assistance is meaningful and very much appreciated and contributes in part to bringing exceptional students to the School who might otherwise not be in a position to attend.

This Report contains the Financial Position and Revenue and Expenses statements for the fiscal year ending August 31, 2023. The Foundation’s endowments portfolio value grew by 8% after fees

and before adding donations and netting out awards.

Net of all fees, donations and awards made during the year, the endowed funds grew by approximately 4% to $11,171,500.

TH E GENEROSITY OF OUR COM M UNI T Y IS RECOGNIZED AND VERY M UC H APPRECIATED. YOUR AN N UAL GI F T S , P LAN N ED GIFTS, AN D P ORTF OL I O RETURN S WILL CON TRIBUT E T O GROWIN G THE EN D OWED FUNDS H E L D IN TRUS T WITH IN TH E FLOURISH 2 0 3 1 TIMEFRAME UN TIL TH E EN D OWM E NT S CAN MEET ALL AN N UAL FIN A NC I A L ASS ISTAN CE N EED S WITH OUT DRA W I NG FROM THE SCHOOL’S AN N UA L OP ERATIN G FUN D S .

The Foundation exists to support and help further the School’s strategies, including Flourish 2031. The Foundation recognizes the land and the buildings, the endowments, and the community of STS are each extraordinary, and we are committed to doing our part to help nurture, protect, and strengthen these assets for the benefit of today’s and tomorrow’s students.

Respectfully submitted,

Eric Le Dain STS FOUNDATION CHAIR

For additional information, including detailed notes on the financial statements, please get in touch with Jody Frowley, Foundation Treasurer and STS Chief Financial Officer, at frowleyj@sts.ab.ca.

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Foundation Directors The Directors of the Foundation include seven parents of School alumni, along with the Head of School.

Many Directors were previously on the Board of Governors and, in some cases, are alumni.

• NANCY BIRT • WAYNE CHIU • CAROL GRANT-WATT • MIKE JACKSON

Chair of Finance, Audit and Investment Committee

Dear Scholar ship Commit tee, I am honored to provide a testimonial fo Scholarship, r the Chapm which has ha an Memorial d a profound im personal grow pact on my th. As a reci education an pient of this d privilege of scholarship, attending S I have had th tr at hc on e ainstitution th Tweedsmuir at has truly School (STS en ), ri ch an ed my life.

STS is the One of the community th best parts of at it foster s.

• SCOTT KIRKER

Board Secretary and Chair of Board Effectiveness Committee

• ERIC LE DAIN

Chair of the Board of Directors

• VINAY RUPARELL ’80 • CHRIS SHOPPERLY ’80 •

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Chair of Asset Risk Management Committee

2 022-2023 ST S F O U N DAT I O N AN N UAL R E PO RT

cause we Dear STS, st part of STS be lieve gym is the be be I . old st ars ye 6 I am y Fox run for the fir fun. I did the Terr ve ha and und aro put a bandaid get to run her helped me and ac te A . ee kn my time. I fell and hurt got to sing in a done and play and I ng rni lea t ge I S on it. At ST S. concert. I love ST

HEAR IT FROM

STS Students

ademically, d me grow ac lpe he s ha It me. you have given also have and friends. I the scholarship s, r ie fo or u yo em m nk , ha ns T ectio ade new conn ose onally. I have m e future. I ch oti em d an y, all will like in th I soci n sio es of pr at a ences to look is that pics and experi t STS for me researched to best part abou he T X. YP P corruption for arching about new things. law after rese to experience u yo ow all at tivities th cked with ac the year is pa

Dear STS,

Going to Strathcona-Tweed

experience. When I was in

smuir has been the most ama zin

elementary school I would wa tch

g

musicals characters playing on baske tball teams and acting in school plays. I always wanted to be in a play but the opportunities weren’t availab le at my old school. My firs t year at Strathcona-Tweedsmuir, I got to be in the Middle Schoo l play! I never thought I would be bra ve enough to get up on that stage but with the support of my tea chers, friends and family I did it! on Disney+ and Netflix. I saw

tunities. the oppor is l o o h c s ing above rt of my es and go e best pa h iti t n u t e r v o e p li p o e Ib nts many utdoor Personally ing stude hletics, o t iv a g , n r o o f ti a n now The educ f the STS is k er part o students. h t e o h n t A r . o f is ards is proves th the stand community e clearly e r h o T m . h ity uc n u and m focus the comm education e so I can eciate is f r a p s p a l e h e f uc ery m helps me school I v giving , it r o f d n a oming ducation. very welc and my e e f li l a n o s on my per

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Scholarships, Bursaries, and Prizes Total Value Awarded

$1,000,000

$875,000

$750,000

$625,000

$500,000

$375,000

$250,000

S CHO LA RS H I PS , BU R S AR I E S, AN D PRIZES

$125,000

$

589,081

*

WAS AWARDED IN 2022-2023 TO SUPPO RT SCHOLARSHIPS, BURSARIES, AND PRIZES *This amount includes funds from both School and Foundation.

11,171,498

$

ENDOW MENT FUN DS IN THE FO UNDAT IO N A S OF THE N EW FO UNDATI ON FI SCAL YEA R AUGUST 3 1 , 2 0 2 2 *

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118

STUDENTS

RECEI VED SCHOLARSHIPS AND BURSARIES

Thank you

TO AL L OUR D ONORS

STS is grateful to all students, parents, alumni, parents of alumni, employees, and friends of the School for learning opportunities created by their genrous support. In 2022-2023*, donors contributed $719,632 in gifts. *September 1, 2022 to August 31, 2023

$100,000 + Mike Rose and Sue Riddell Rose

$25,000-$99,999

Bar None Ranches Memorial Foundation Kirker Family Meyer Family Greg Smith and Jewel Swanson

$ 1 0 , 0 0 0 - $ 24 ,9 9 9

Benevity Community Impact Fund Chimp: Charitable Impact Foundation (Canada) Foundation Philantra Anthony and Laura Giuffre Carol Grant-Watt and Sandy Watt Jason and Angela Jogia Akbar and Jamila Nathu Faizel and Karina Sunderji

$ 5 ,00 0 - $ 9 , 9 9 9

Ben ’91 and Christine Ezinga Furlong Steel David Harrison and Haly Peper Nicolle Huhn Kanovsky Family Foundation James Lochrie and Jane Ibbotson Louie and Kathy Marinakos Joel and Jennifer ’95 Mundy Graham Richardson and Bettina Wagner Deborah Anne Schmidt The Calgary Foundation William and Sheila Van Horne Eelco Vanderveer William Y. Kennedy and Kit Johnson

$ 2 ,5 0 0 - $ 4 , 9 99

Aherne Family Benefaction Foundation Carthy Foundation Brian Darichuk and Dawn Mudd Tony and Deanne Fairfield Chad Harris and Amber Robinson

Wenbo Ji and Lili Hao Mark Kharfan and Shannon Williams-Kharfan Grant ’89 and Trisha Maier McDermid Family Bruce McFarlane and Janice Heard ’75 Mark and Skye McLean John and Stacey Mercury Chad and Cara Morgan Rae Family Elisabeth Ritchie Kam and Sandy Sandhar The Read Family Foundation Paul and Tulien Thurston Joshua and Ufoma Udolu Riaz and Phebe Valani Reg Worsley Worsley Family Duane (Bud) and Alice Wyatt Luqi Zhang and Xianzhang Xia

$ 1, 00 0- $2 ,499

Anonymous (3) Nadim Allidina ’02 Rick and Tara Black Bloom Benefits Group Ltd. Murray Coleman and Rita Tripathy Steve and Julie Dierkens Engstrom Family David Evans Lennard Fink Jody and Kim Frowley Anand and Anju Giri Reuben Govender and Abigale Knapp-Govender Daniel ’55 and Kathy Hays Pam Heard ’73 Nigel Hermansen and Kelsey Gilson Mike and Sally Jackson Zubair Kassam Dave and Katherine Kletke Michael Klym and Kristi Kasper Darren and Jennifer Kuharski Eric Le Dain and Christie Wiltshire Likun Liao and Wei Zhang Lifetouch Canada Inc. Michael and Bonnie Makinson Mike ’00 and Kelly Mannix

David Maxwell and Elizabeth Aspinall ’88 Metric Marketing Tom Mix and Shannon Wray Imad and Maaike Mohsen Nghia Nguyen and Hien Huynh Nicola Wealth Private Giving Foundation Oil City Press Ltd. Parex Resources Inc. Pensak Family Pipella Law Raymond James Canada Foundation Aaron and Vanessa ’97 Rennie T & D Rozsa Stephen and Tamara Schaaf Axel and Stasia Schmidt Michael Simmonds Smith and Frederiksen Families Paul ’78 and Shirley Storwick Family Marcus Strangemann and Caroline Pierce-Strangemann ’86 Sun Life Jason and Lara ’95 Unsworth Douglas and Colleen Van Helden Alexis and Nicola von Hoensbroech John Wallace and Judy Fairburn Bret Walter and Jie Li Wang Family James and Maryse Wilcox Dannie and Iris Wong Jason Xie and Yi Jue Zhong Jiale Zou and Han Yu

$1- $999

Anonymous (16) Colin and Amy Adair Lorelei Adam ’21 Gary and Kayla Adolphe Temitope Akintola ’23 Alan ’76 and Vera Alger Khan and Karima ’89 Ali Joanna Alsop Aayan Althaf ’24 Jill Anderson Jay Simmons ’85 and Jill Angevine Zulfi and Monica Arshad Alexander ’86 and Barbara Aspinall Barbara Aspinall

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T HA N K YO U TO ALL O UR DO NORS

Brandon and Jenny-Lynne Bailey Baker Family Rey and Nikota Bangloy Elizabeth Barron ’18 Bartoshyk Family Ian and Robin Beddis Gege Bei ’23 Scott Bennett and Kimberley Tateson Aimee-Jo Benoit ’97 and Family Hussein Bhojani ’10 Aydin Bhojani ’22 Nancy Bielecki Tanusri Bimagani ’23 Emily Black ’18 Leigh Blakely ’95 Todd Poulsen and Stephana Bobey Poulsen Kirk and Nicolette Bodnar Abraham and Maria Botha Laura Boudens Ryan Bowhay and Blaire Lancaster Samantha Braet Brian and Susan Petersen Grant and Giovanna Broadhurst Stephen Brown and Daniela Vizueta Cedeno Browning Baverstock Family Joel ’92 and Kim Bumanis Quentin Burnett ’23 CanadaHelps.org Jie Cao Ava Carlson ’23 Lorne and Elizabeth ’78 Carson Zachary Carson ’12 Seth Carson ’13 Andrew Caruso and Melinda Caporn Matthew Chadder and Uliana Kanevets Andrew Chalmers Glenn and Kathleen Chan Kevin and Charity Chanut Breck and Morgan Chapman Michael Chase and Cory Royal Zhimin Cheng and Tingting Yuan Kirk and Daniele Cherniak Mica Cheuk and Wendy Yip Hafsa Choudhary ’23 Rebecca Clark ’16 Victoria Clark ’13 Alec Clark and Sloan ’81 Pipella-Clark Ross Clauson ’75 Angela Clements Conway Family Virginia Cooke ’12 Neil Copeland ’84 Lucas Crichton ’18 Andrew Crichton and Michele Kalny Donald ’47 and Shan Cross Dale and Danielle Cruickshank Warren Cummins and Nicole Egli

10

Dan and Dabney Love Robin and Virginia Danby Fred Davidson and Amy Wallner Robert and Brianna ’01 Dawe Bern Dayment ’75 Carl and Sandra Denis Steven Denning and Allison Taylor Farnoush and Avik Dey Jiasheng Ding and Yuting Wang Avy Dolgoy and Barbara Knowlton Brad and Helen Drebit Carrie Duncan-Moore Curtis and Pam Dunford Ben Duthie ’20 Timothy Dyck and Nathalie Roy Elizabeth McArthur ’23 Kyle English ’94 Carol Engstrom ’91 Megan Evans ’19 Mike and Kristina Exner Andrew Ferguson ’96 Chase Fewster ’23 Jason and Karen Fiege Darren and Stacy ’90 Finnbogason Mason Fisher ’23 Michael and Larissa ’99 Flach Benjamin and Jennifer Fleetcroft Tyler and Jennifer Foley Jason ’03 and Vivien Fong Adam and Emily Fraser Marcus and Megan Frowley Furlong Family Madison Garman ’23 Graydon German ’23 David and Sherida German Gabriel and Sandra Ghali James and Sharon Gibson Frank and Lucille Giesbrecht Adrian and Leanne Gili Nar and Nove Gill Rohan Gill ’23 Pardeep Gill and Kamaljit Toor Mark and Elena Gillis Brittany Girling ’09 J. Sebastien ’95 and Carmen Gittens Jiuliano and Emily Giusti Goode Family Graham Family Andrew Greene and Shannon Taggart GreenPrints YYC Ltd. Michael and Robin Grouette Jack Guo ’15 Lindsay and Elena Haag Emina Hafiz ’19 Christopher and Sarah’95 Hall Daniel Hall Nancy Halliwell ’23 Janet Hamnett Hampson Family

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Clint and Lisa Handfield Benjamin Harker and Caroline McDonald-Harker Helen Harper Lance Harris-Fiesel ’23 Ingrid Harrison Paisley Hartl ’23 Bryce and Michelle Hartsburg Blair and Miranda ’13 Harty Eric and Raina Hawthorne Xiaojun He and Wai Fung Ngai Mark ’78 and Susan Heard Tara Hebert Emma Heffron ’23 Heffron-Ames Family Peter Heide and Heather Pearcey Scott and Dawn Hendrickson Henry Family Bonnie Hewson Jordan Hilderman ’12 Hoang Family Jon and Monica Horsman Karen Huhn Hunt Family John and Carrie Jackson Gregory and Angela Jacobson Bobbi Jensen Julian Family Siddharth and Tejal Kadam Jeffrey Kahane ’89 Wade Kalnicki and Cynthia Spence Zahir and Yasmin Kanji Jeff Karren and Candace von Stackelberg Shamez Kassam and Zahrah Karmali Boluwatife Kasumu ’23 Matteo Kells ’23 Gabriel Kemp Amandeep and Roopinder Kharay Amin and Shellina Kherani Shoaa Khurram Michael and Patricia Kinton W.J. Torrance Kirby ’71 Ryan Kirker ’14 Holly Kletke ’18 Henk and Angie Koning Spil ’85 and Tracey Kousinioris Tim and Kim Kruchkowski Filip Krusche ’23 Khalil Kurwa ’23 Lakhani Family Amin and Alida Lalani Rebecca Lane ’21 Baruch Laskin ’90 Kevin ’80 and Ann Laurence Mark Le Dain ’08 Julie Leadbeater Jasmine Lee ’23 Adam and Tara Leece Hai Feng Lin and Li Hua Liu

Douglas and Janet Long Sally Longino Bill and Carla Lorfing Dana ’90 and Dave Lougheed Robyn Lumby ’22 William MacIntyre ’19 Ken and Kirsten MacKenzie Brent and Frances ’70 MacLean Anthony and Ann Macoun Houman Mahallati and Drina Lazar Marda Loop Medical Clinic Tim and Maria Garforth-Bles A. Sandy Martin ’91 Sandy Martin and Kelli Bellew Martin Will Matthews ’85 and Michele Williams ’85 Al-Noor and Shefina Mawani Lloyd and Tracy Maybaum McCarthy Veterinary Supplies Liam McFadden and Noreen O’Riordan Alex McFarlane ’04 Ron and Shawna McGovern-Burke John and Erica McKay Lane and Shannon McKay Corbin and Natasha McKay Grace McLean ’18 Marc and Kelly McRoberts Michelle Melton John Mendham Derek Mendham ’88 Monique Mills ’87 Milnes Family Alim Mitha and Billie Parsley Mitha Moberly Family Monika Molnos ’18 Adedeji and Gillian Mosadomi Kevin, Cheryl, Kyle ’20, and Kendra ’22 Mullen Jerry and Nicole Myer George Mylonas Aryan Nandi ’23 Aadam Nanji ’19 Mike and Penny ’90 Nash Drew Nerbas ’23 Alexandria Ng ’23 Miguelangel Nieves and Arianna Mestre Adrian Obrejanu ’23 Marcel Obrejanu and Juliana Cuperman Timothy Oke ’23 Shawn and Melony O’Neill Jon and Alexandra Owens Yash Parchure ’23 Kevin Park Larry Parks and Lorie Wheeler Hasmukh Patel Jay and Caryn Patel Ravi and Krystal Patel Bryan Payne and Jennifer Baugh Kevin and Flavia Pedersen Annemarie Pedersen ’87

Annelise Pedersen ’88 Gabriel Pellegrino and Marilin Garcia Ryan Perry and Kimberley McNabb Houston and Rosalynn ’03 Peschl Peter and Susan Ditchburn Jessica Peters ’89 Barry and Lindsey Peterson Reagan Peterson ’23 Bob and Melanie Petryk Benjamin Phan ’23 Amy Pilling ’92 Owen Plumb ’23 Jacqueline Pradko ’83 Brendan and Junmei Prest Prevost Family Siwei Qi and Yan Han Matt Quail and Nichole Van Steenbergen ’02 Ian and Julie Rabinovitch Scott Rand and Yael Moussadji Andrew and Melinda Rapai Carissima Rapai ’23 Erin Rathwell ’00 David Receveur and Faith Cooper-Receveur Julie Reid Marco Reis ’23 Mike and Jessica Richmond Chad and Karen ’92 Robinson Audrey Rolstad ’23 Jeremy Rose ’14 Cameron and Miranda Ruff Brent Saccucci Nishit and Ranjita Sahay Iestyn Samuel and Tara Pipella ’85 Philippe and Aude Savariau Jack Schneider ’90 Andreas Schulz and Lindsey Wade Michael Scoon and Catherine Hawkins Karen Scoulding ’88 Steven and Brandi Sellepack Matthew Sellepack ’23 Rory and Anne Sellmer Meghan Senger ’13 Michael and Carlene Seth Shafiq and Roseline Shajani Rohet Sharma and Priya Gupta Kathryn Shaw ’07 Jon Shen and Stephanie Li Chris Shopperly ’80 and Deb Marshall Shopperly Mason Shopperly ’19 Siddharth and Tejal Kadam Raza Sidhu ’23 Curtis and Kylie Siggelkow Sergey and Alena Smadych Devin ’02 and Danielle Smith Sanjeeve and Kavitha Sockanathan Benjamin Spilak ’19 Rory and Antra Stabler Joel and Faye ’89 Steinberg

Riviera Steinberg ’23 Brigid Stewart Nicholas Straub Patricia Sullivan Chris Sykes ’06 Sally Talbot-Jones Baochen Tang ’23 E. David Tavender Taylor Family Anaya Taylor ’23 Janay and Jared Tesche The Ridge Okotoks Brenda Thompson Chris and Anne Thompson Meghan Thun ’18 Zi Jian Tian ’23 John and Judy Tottenham Hoang Tran Chris and Cherisse Truscott Richard Turski and Janet Watson Efeturi Udolu-Joshua ’23 Dion Ullrich and Stephanie Jackman ’90 Ryan Unterschultz Ingrid van Zyl ’18 Jason and Pana Verhaest Stephen and Jana Wager Matthew and Vicki Wagstaff Joseph Walter ’23 Andrea Weber Cameron and Virginia ’85 Webster Brad Weible and Rebecca Forbes Rhys Weissenborn ’23 Chris and Alanna Wellwood Craig West and Susan Elliott ’89 David and Jennifer Westmacott John and Liz Wetmore Mark and Belkis Wheeler Joshua Wheeler ’32 William Whitehead ’12 and Darby Lush ’12 John and Adrienne Wienand Linda Wiggins Jason and Hillary Wilkerson Laura Williams ’23 Scott and Kim ’02 Willoughby Scott Wilson ’15 Guy and Lynda Wylie Nicole Wyne ’01 Dan Yorsch Sean and Michelle Yost Ian Young and Catherine Barrett ’82 Doug Zakaib Zelez Family Mingming Zhao and Yu Zhai Harrison and Brianne Zivot Mothanna Zubi and Diana Alatoum Jon Zwiers ’02 and Arielle Birdsey-Bailey

Please note that every effort was taken to ensure the accuracy of the information contained within this Annual Report.We sincerely apologize for any errors or omissions that may have occurred in our donor list and ask that you advise us by calling 403-938-8312.

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Atkinson S OCIETY 12

2 022-2023 ST S F O U N DAT I O N AN N UAL R E PO RT

Over the years, STS has benefited from the foresight and generosity of community members who have left a planned gift to our School. In fact, our current campus was seed funded through a $250,000 bequest from W.H. Atkinson in 1968. In tribute to this monumental gift in our School’s history (which today would be worth $16 million), we have named our planned giving program the Atkinson Society.

AT KIN S ON S O CI E TY

STS is grateful to the following donors who have supported the School through a planned gift (future and realized). The vision these donors bring to our School will benefit future generations of STS students.

•

Anonymous (3)

•

Mike and Sally Jackson

•

JC Anderson*

•

•

William Atkinson*

Darrel Kemp and Patrizia Mazzolani-Kemp ’79

•

Gregory Borm ’81

•

Richard Lindseth ’73

•

Courtland “Tubby” Chapman*

•

Dana Lougheed ’90

•

Donald ’47 and Shirley Ann Cross

•

Bruce McFarlane and Janice Heard ’75

•

Brock Dundas*

•

Frank McKay*

•

Anne Evamy

•

Cheryl Pirie-Jacobs

•

M. Patricia Fischer

•

Alexander Purdy ’02

•

Jason ’03 and Vivien Fong Graham Gilley ’82

•

Jonathan and Val Robins

•

Jack Schneider ’90

•

Pam Heard ’73

•

Llewellyn Turnquist ’86

•

Bonnie Hewson

•

Mark and Gabrielle Wood

•

Joni Hughes

•

Reg Worsley

•

Stephanie Jackman ’90

•

Todd Worsley ’88

*Indicates donors who are deceased and whose gifts have been realized.

We are grateful to the families who have planned a legacy gift to STS. If you have included STS in your estate planning please let us know as we wish to steward your giving and ensure your wishes are fulfilled.

Contact the Advancement Office at advancement@sts.ab.ca.

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Finance Report S TAT EM EN T O F F INANCIAL POSITION AS AT AUGUST 31, 2023

Audited

ASSETS

GENERAL FUND $

CAPITAL FUND $

TRUST FUND $

2023 TOTAL

2022 TOTAL

37,253

33,205

160,177

230,635

404,465

630

15,606

16,236

-0

394

5

-0

399

1,321

37,647

33,840

175,783

247,270

405,786

0

29,893,672

29,893,627

31,000,090

10,996,035

10,996,035

10,436,023

Current assets Cash Accounts receivable GST Recoverable

Capital assets Long Term Investments

$37,647

$29,927,512

$11,171,818

$41,136,977

$41,841,899

GENERAL FUND $

CAPITAL FUND $

TRUST FUND $

2023 TOTAL

2022 TOTAL

Accounts payable and accrued liabilities

-0

4,419

320

4,739

1,667

Long-term debt

-0

-0

-0

-0

3,476,186

-0

4,419

320

4,739

3,477,853

37,647

114,047

29,923,093

27,526,698

11,171,498

11,171,498

10,723,301

T HE F I N ANC E RE P OR T

LIABILITIES AND NET ASSETS

NET ASSETS Unrestricted

37,647

Internally restricted

29,923,093

Externally restricted $37,647

$29,923,093

$11,171,484

$41,132,238

$38,364,046

$37,647

$29,927,512

$11,171,818

$41,136,977

$41,841,899

The following pages include excerpts from the Strathcona-Tweedsmuir School Foundation financial statements.A copy of the complete STS audited financial statements can be obtained from the School’s Finance Office by calling 403-938-8339.

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STATEMENT OF RE V E NU E AN D EXPEN SES AND F UND B AL ANCES FOR THE YEAR ENDED AUGUST 31, 2023

Audited

REVENUE

GENERAL FUND $

CAPITAL FUND $

Unrealized (loss) gain on investments 3,029,943

Contributions Lease revenue

TRUST FUND $

2023 TOTAL

2022 TOTAL

377,404

377,404

(1,276,629)

206,996

3,236,939

689,292

550,000

409,833

511,708

511,708

230,411

550,000

Investment income $550,000

$3,029,943

$1,096,108

$4,676,051

$52,907

EXPENSES

GENERAL FUND $

CAPITAL FUND $

TRUST FUND $

2023 TOTAL

2022 TOTAL

Amortization

1,106,418

1,106,418

1,396,784

593,250

577,000

114,543

147,333

53,166

72,755

91,674

1,495

2,150

1,489

-0

15,000

Bursaries/Prizes/Awards

593,250

Insurance

114,543

Professional fees

19,589

Administration

458

197

Contributions to STS

Excess (Deficiency) Revenue from Operations

$1,241,008

$197

$647,911

$1,889,116

$2,229,280

(691,008)

3,029,746

448,197

2,786,935

(2,176,373)

-

(18,743)

(154,034)

$448,197

$2,768,192

($2,330,407)

Other Items Interest expense Excess (deficiency) of revenue over expenses from operations

(18,743) ($709,751)

$3,029,746

*This includes other transfers of funds from the Foundation to the School.

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