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Highlights of the Past Year
The Calgary Foundation distributed $22 million to 655 charitable organizations in the 2008–2009 fiscal year. The Calgary Foundation’s Annual Report recognizes the generosity of donors who have chosen to partner with the Foundation to achieve their philanthropic goals and who are committed to supporting those in need, especially during challenging financial times. The Report also highlights the outstanding charitable organizations that rise above the challenges and continue to do more. We are fortunate to live in an affluent and generous city. In the recently published 2007 Canada Survey of Giving/Volunteering and Participating, it is reported that Alberta experienced the largest increase in donor rates from 79% to 85%. Donor participation rates in Canada’s provinces and territories ranged from a low in Nunavut and the NWT of 66% and 68% to a high in PEI and Newfoundland of 89% and 91%. Albertans provided the largest average annual donation amount in Canada of $596. Through the generosity of donors, The Calgary Foundation has established over 900 endowment funds to provide support to the community we collectively serve. With a mission to serve the community in perpetuity, the Foundation takes a balanced approach to investing that minimizes risk. This approach achieves a long term return that enables a distribution of 5% to community, while maintaining the value of the endowment over the long term. The Calgary Foundation believes that philanthropy has an important role to play in building a strong and vibrant community – now, more than ever. To inspire new and different conversations appropriate in this challenging economic time, the Foundation will host, this fall, a forum ‘Shaping Relationships to Sustain a Healthy Nonprofit Sector’ that will convene members from all sectors - public, private and charitable, to seek transformational solutions through innovation, collaboration, engagement and leadership. The board bids farewell to Ruth Spetz and former Chair, Dean Prodan who have contributed their skills and knowledge as board members for the past 9 years. Both will be missed at the board, but will continue serving the Foundation in volunteer roles. Ruth will remain on the audit committee as a community member, and Dean will share his considerable financial expertise as our Chief Investment Officer. We welcome new board members Sunny Delaney Clark and Ali Bhojani and express our gratitude to the many ‘Friends of the Foundation’ committed to supporting our community.
President & CEO Donald G. Cormack, C.A. Chair, Board of Directors
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