Nanaimo Foundation Annual Report 2015/2016 Making meaningful and lasting impacts in our community 205 75 Front Street Nanaimo, BC V9R 5H9 250.667.4292 www.nanaimofoundation.com
Building Community Legacies As a third generation Nanaimoite, I feel it is important to give back to the community that has given me so much. It is an exciting time to be a supporter of the Nanaimo Foundation and to be a part of the difference being made in our community. Tom Harris Director, Nanaimo Foundation Founder, Harris Family Fund 2015/2016 Nanaimo Foundation Board of Directors The Nanaimo Foundation is the community foundation serving the regions of Ladysmith, Cedar, Gabriola Island, Nanaimo and Lantzville. We work with donors to create legacies. The Nanaimo Foundation multiplies the impact of donor dollars by placing gifts in income-earning endowment funds. The earnings from these gifts are used to make strategic grants addressing community needs. Operating out of donated office space on Front Street, courtesy of Jonathan Lampman and Bob Moss, the Nanaimo Foundation had a lot to celebrate this year! The 2015/2016 year began with welcoming our first staff person, Laurie Bienert, in our 33 year history. Over this year, we launched two dedicated community funds and established three new committees. We provided support to Syrian refugees as they began to make Nanaimo their home and distributed more than 23 grants across the communities we serve. We envisioned and brought to fruition a movement of giving for Central Vancouver Island Mid Island Gives, involving 35 local organizations. Since our establishment in 1982, the Nanaimo Foundation together with our generous donors have provided more than 300 grants, totalling more than $2.5 million to important needs in Central Vancouver Island. We are grateful to several new donors who this year established the eight new endowment funds at the Nanaimo Foundation which will grow in perpetuity as a source of valuable community capital. The Nanaimo Foundation is part of Canada s community foundation movement, represented by 191 community foundations from coast to coast. A Legacy Story - The Stanley de Vos Fund Three years ago, longtime Nanaimo residents David Stanley and Marie de Vos established a fund at the Nanaimo Foundation. They established this fund with the Nanaimo Foundation because they wanted to donate securities and the Nanaimo Foundation has the capacity to facilitate this type of gift (which provides excellent tax advantages). Stanley and de Vos chose to create a Donor Advised Fund, which gives the donors flexibility to choose different fund recipients for each annual granting cycle. In the spring of 2016, David and Marie distributed the first grant from their fund to the Nanaimo 7-10 Club. Year after year, they are able to choose which organizations they wish to support--including smaller organizations that may not have the capacity to accept gifts of securities. Each year, David and Marie continue to make contributions to their endowment fund. They are proud of the fund s growing impact and appreciate the Foundation s expertise in managing the fund. The Stanley de Vos Fund is now the largest Donor Advised Fund at the Nanaimo Foundation. 2 www.nanaimofoundation.com
Foundation Milestones 2014 Launch of Nanaimo s First Vital Signs Report Vital Signs is a community checkup that evaluates our city as a place to live, learn, work, and grow. 2015 Establishing Gabriola Island & Ladysmith Community Funds Building dedicated endowment funds for and directed by the communities of Gabriola Island and Ladysmith. 2016 Nanaimo Non-Profits Receive $70,000 Our largest one-time disbursement from the Vital Nanaimo Fund benefitting 11 local organizations. Our Mission To steward the gifts of energy, ideas, time, and money to make meaningful and lasting impacts in our community. Our Vision A healthy, vibrant, livable, and sustainable community: this is our vision for Nanaimo. In our vision, our community is able to include and offer opportunities to everyone. It has the knowledge and ability needed to help shape its own future. A Significant Contribution for Dementia Care As a long-time supporter of the Nanaimo Travellers Lodge (NTL) Society, the Nanaimo Foundation presented NTL with a donation of $150K in September 2016 for their new dementia care home on Northfield Road. With this latest contribution, the Nanaimo Foundation s support to NTL totals more than $500,000. This makes the Nanaimo Foundation the largest contributor to the construction of Eden Gardens. Eden Gardens, opening in spring 2017, will replace NTL s aging facility. Improvements will include an additional 40 Complex Dementia Care beds, a much larger and modern facility for its current 90 residents (known as Elders), and vital day programs that help to keep people with dementia living in their homes for as long as possible. Nanaimo Foundation Annual Report - 2015/2016 3
Board of Directors Ted Carson George Hanson Tom Harris Chair Vice-Chair, Grants Director Director Daniel Martinez Jocelyn Matwe Tim Mawdsley Development Director Communications Director Director Staff Joyce Smith Treasurer Michael Wassermann Director Laurie Bienert Development Officer Alice Dubbeldam Administrative Assistant 4 www.nanaimofoundation.com
Our Committees Nanaimo Foundation Community Engagement Committee The newly-established Nanaimo Foundation Community Engagement Committee is a group of volunteers who work together to advance the Nanaimo Foundation s mission and its unique role in the community. The founding members of the Committee strive to increase the Nanaimo Foundation s opportunities to address local needs and enhance Nanaimo s health and vibrancy. Our Community Funds Committee Members Jenn Bogwald Colin Duncanson Dave Hammond Mike Herold Dan Kucherka Pat Sullivan David Witty Trina Brubaker Lucie Gosselin Tom Harris Doug Johnston Mark MacDonald Chelsea Wilson As we approach our country s 150th birthday, the Governor General of Canada set the important goal of every Canadian community having access to a community foundation by 2017. The Nanaimo Foundation has served the communities of Gabriola Island and Ladysmith for more than 30 years. We provided our first grant to Gabriola Island in 1985, and our first grant in Ladysmith in 1987. The notion of both the Gabriola Island Community Fund and the Ladysmith Community Fund came from residents of these two communities. Understanding the important role community foundations play in supporting strong communities, Gerry Stefanson of Gabriola Island and Bruce Whittington of Ladysmith approached the Nanaimo Foundation and together we began exploring ways to increase support to these two communities with dedicated community funds. Gabriola Island Community Fund Steering Committee Committee Members Gerry Stefanson Co-Chair Manfred Tempelmayr Co-Chair Charlie Cheffins Peter Dzierzawa Carol Hemrich Howard Houle Ron Slade The Gabriola Island Community Fund Steering Committee is a group of volunteer Gabriola Island residents who are working together to establish and direct the Gabriola Island Community Fund to make meaningful and lasting impacts on Gabriola Island both now and forever. This dedicated team serves to enrich the quality of life of people living on Gabriola Island. Ladysmith Community Fund Advisory Committee Committee Members Bruce Whittington Chair Doug Bell Duck Paterson Charlie Schaal The Ladysmith Community Fund Advisory Committee is a group of volunteer Ladysmith residents serving to establish and direct a permanent endowment fund for the community. This team of community leaders brings together community assets and engages citizens and organizations to address current and emerging community needs in Ladysmith. To learn more about our committees or to get involved, contact Laurie Bienert at 250.667.4292 or laurie@nanaimofoundation.com Nanaimo Foundation Annual Report - 2015/2016 5
Our Grants 2016 - A Big Year For Granting In Our Comunity Each year, the Nanaimo Foundation provides grants from its Vital Nanaimo Fund to local charitable organizations to help build vibrancy, health, and resiliency in our community. In 2016, thanks to the generous support from the Community Foundations of Canada, the Community Fund for Canada s 150th, and the Island Savings division of First West Credit Union, the Nanaimo Foundation s annual granting capacity more than doubled, creating a historical year of giving for the Nanaimo Foundation. Serving the Gabriola Commons Community Kitchen Several years ago, the Nanaimo Foundation provided the first grant to the Gabriola Commons to begin work on a project that was deeply needed: a community kitchen that would be commercially approved and therefore allowed to produce food that could be made available to the Gabriola community. In the spring of 2016, the Nanaimo Foundation again provided funding to the Commons, supporting the completion of this project and helping the doors open in September 2016. Nanaimo receives $15,000 from Welcome Fund for Syrian Refugees A $15,000 contribution to United Way Central and Northern Vancouver Island from Community Foundation of Canada s Welcome Fund for Syrian Refugees supported local settlement efforts. As Canadians join together in welcoming refugees from Syria, the Welcome Fund provides an important investment in their successful settlement in cities across Canada. Established to respond to an urgent gap in accessible and affordable housing, the Welcome Fund invests in community-driven solutions that enable recently arrived families to transition into suitable permanent housing. The United Way Central and Northern Vancouver Island, together with generous local donors, matched the $15,000 contribution from the Welcome Fund. 6 www.nanaimofoundation.com
Our Grants Vital Nanaimo Grants Our Vital Nanaimo Grants are our annual community grants to local charitable organizations. This year, thanks to support from the Community Fund for Canada s 150th, the Nanaimo Foundation disbursed two cycles of community grants. Organization Name Canucks Autism Network Society Gabriola Commons Community Kitchen Nanaimo Community Gardens Nanaimo Conservatory of Music United Way Central and Northern Vancouver Island Grant Amount $4,593 $12,460 $15,000 $5,000 $10,000 Vital Nanaimo Grants in Partnership with the Community Fund for Canada s 150th The Community Fund for Canada s 150th is a collaborative effort, seeded by the Government of Canada and extraordinary leaders from coast to coast to coast, and matched and delivered locally by Canada s 191 community foundations. Organization Name Beban Community Bike Park & Gyro Club of Nanaimo Gabriola Community Hall Association Huxley Community Park & Regional Distr. of Nanaimo Literacy Central Vancouver Island Nanaimo Art Gallery Society Nanaimo Brain Injury Society Nanaimo Foodshare Society Nanaimo International Jazz Festival Association The Nanaimo Women s Resources Society Vancouver Island University Foundation Write to Read & Government House Foundation Grant Amount $9,000 $5,000 $7,000 $1,500 $8,000 $7,000 $5,000 $6,500 $9,000 $5,000 $7,000 Designated Grants Organization Name BC SPCA, Nanaimo & District Branch Central Vancouver Island Multicultural Society & United Way Central and Northern Vancouver Island Coco Café Nanaimo 7-10 Club Society Nanaimo Child Development Centre Nanaimo-Ladysmith Schools Foundation Grant Amount $50,000 $15,000 $50,000 $500 $28,000 $2,000 Nanaimo Travellers Lodge $150,000 Nanaimo Foundation Annual Report - 2015/2016 7
Our Endowment Funds Donor Advised Funds These funds are established by individual donors, allowing ongoing involvement and selection of the charities the fund will benefit. Harris Family Fund MML Fund LMC Fund Oceanvale Mortgage & Finance Fund Stanley de Vos Fund Ted & Darlene Carson Fund Agency Endowment Funds The Nanaimo Foundation hosts endowment funds for local charitable organizations. We handle all the administrative responsibilities so the organization s staff and volunteers can concentrate on fulfilling their mission. Designated Funds Nanaimo Conservatory of Music Endowment Fund Nanaimo Museum Endowment Fund Nanaimo Travellers Lodge Endowment Fund The Port Theatre Society Endowment Fund Vancouver Island Symphony Endowment Fund Donors may establish Designated Funds to direct fund earnings to one specific charity or cause. Vital Nanaimo Fund Ernie Agar Canadian Cancer Society Fund Ernest Johnson Bowen Park Fund Ernest Johnson Nanaimo Fish & Game Fund Marion Lamb Nanaimo Rescue Whaler Society Fund Elwood Wylie Memorial Fund We have a special fund at the Nanaimo Foundation called the Vital Nanaimo Fund. Each year, we accept grant applications from charitable organizations and distribute grants from this discretionary fund to address current community needs. Gifts to the Vital Nanaimo Fund are important as they allow us to respond to critical issues in the community as they arise. When this fund receives support from donors, it allows us to be increasingly flexible and responsive. Our Supporters Thank you Island Savings, a division of First West Credit Union Since 2014, Island Savings has been a corporate partner of the Nanaimo Foundation and the presenting sponsor of the Nanaimo Foundation s Vital Signs report. Island Savings is the first corporate partner in the Nanaimo Foundation s history to support the Foundation s annual Vital Nanaimo Fund grants, matching three of the 2016 Nanaimo Foundation grants. Thank you Info Night Sponsors The Nanaimo Foundation hosts regular informational events. Thanks to our generous corporate partners, these events are fully sponsored. Integral Wealth Securities Limited Shining Knight Construction Inc. Tom Harris Group Thank you to each one of our countless community partners and supporters. 8 www.nanaimofoundation.com
Financial Highlights 2015/2016 Grants During the 2015/2016 year, the Nanaimo Foundation distributed the largest amount in grants in its 34 year history. Grants totalled $491,000 for the year. Agency Endowment Fund Grants $50,000 Donor Advised Fund Grants $4,000 Vital Nanaimo Fund Grants $117,000 Designated Grants & Flow-Through Donations $320,000 Assets The 2015/2016 year saw a $324,000 increase in the Foundation s net assets. Year Net Assets 2015/2016 2014/2015 2013/2014 2012/2013 2011/2012 $3.9M $3.6M $3.3M $3M $2.8M Donations received $244,421. A total of 8 new endowment funds were established: 2 Agency Endowment Funds 2 Community Funds 4 Donor Advised Funds Investment returns averaged 7%. Expenses The Nanaimo Foundation prides itself on keeping operating expenses to a minimum. Our fees to manage our endowment funds are 1.5% on funds up to $500,000 and 1.25% on funds over $500,000. The total operating expenses for the Nanaimo Foundation were $92,118 for the 2015/2016 year. Administrative Cultivation & Stewardship Development Officer Salary Investment Administrative Fees Professional Fees $15,208 $7,193 $39,890 $18,103 $11,724 Total Expenses 2015/2016 $92,118 Nanaimo Foundation Annual Report - 2015/2016 9
Building on the legacy of our founding partners, the Nanaimo Foundation is honoured to serve our community in collaboration with our visionary and generous donors. Ted Carson Chair, Nanaimo Foundation Board of Directors 205 75 Front Street Nanaimo, BC V9R 5H9 250.667.4292 www.nanaimofoundation.com