The Foundation of your Community · Wilfried and Wiebke Ortlepp Linda and Mike Overholt Harold and...

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In 2013 we were proud to join with other community foundations across the country in a national campaign to tell Canadians about how we can grow philanthropy together. We hope you have seen the community foundation ads now appearing on national media. On Salt Spring, islanders have again shown their commitment to the Foundation by donating generously, while community charities have brought us many compelling and relevant requests for grants to assist them in their work. We were able to grant over $148,000 to support Salt Spring organizations, clients and volunteers, and paid particular attention to the areas of mental health, housing, and children and youth. This year we were honoured to receive a large contribution from the JDB Trust, thanks to the wishes of three long-time Salt Spring Islanders, siblings John and Dorah Ward and Bertha Cameron. We are particularly grateful when individuals remember the Foundation in their estate planning, ensuring that their legacy will support many charities in their own community forever. As we move into our 30th year and grow to over $5.1 million in assets, we see the results of a very special community working together to build a vital Foundation for the future. Thank you to our donors, Foundation board and committee members, and all those who work tirelessly in our volunteer organizations to make Salt Spring a smart and caring community. And remember: “The foundation of our community starts with you— and me!” The Board of Directors: (front l to r) Terry Bolton (Chair, Finance and Investment Committees), Bob Moffatt (Board Member at Large), Emily Hepburn (Outgoing Chair, Grants Advisory Committee), Janine Fernandes-Hayden (Incoming Chair, Grants Advisory Committee), Carol Biely (Chair, Board of Directors), John Binsted (Chair, Governance Committee); (back l to r) Kees Ruurs (Chair, Community Building Committee), Mary Rose MacLachlan (Youth Philanthropy Committee), Lesley Reynolds (Chair, Communications Committee) The Foundation of your Community 2013 Highlights SSI Foundation, Box 244, Ganges PO, Salt Spring Island, BC, V8K 2V9 www.saltspringislandfoundation.org TEL: 250 537 8305 Connecting your giving with island needs Donations and bequests totalled $567,263 Community Endowment Fund grew to over $5.1 million Local charities were given over $148,000 in grants $18,000 was directed toward addressing mental health needs, $25,000 supported affordable housing needs, and $20,400 went to projects benefitting children and youth Smart & Caring Salt Spring initiative launched to grow philanthropy and tackle critical issues Carol Biely, Chair, Board of Directors Annual Report

Transcript of The Foundation of your Community · Wilfried and Wiebke Ortlepp Linda and Mike Overholt Harold and...

In 2013 we were proud to join with other community foundations across the country in a national campaign to tell Canadians about how we can grow philanthropy together. We hope you have seen the community foundation ads now appearing on national media.

On Salt Spring, islanders have again shown their commitment to the Foundation by donating generously, while community charities have brought us many compelling and relevant requests for grants to assist them in their work. We were able to grant over $148,000 to support Salt Spring organizations, clients and volunteers, and paid particular attention to the areas of mental health, housing, and children and youth.

This year we were honoured to receive a large contribution from the JDB Trust, thanks to the wishes of three long-time Salt Spring Islanders, siblings John and Dorah Ward and Bertha Cameron. We are particularly grateful when individuals remember the Foundation in their estate planning, ensuring that their legacy will support many charities in their own community forever.

As we move into our 30th year and grow to over $5.1 million in assets, we see the results of a very special community working together to build a vital Foundation for the future. Thank you to our donors, Foundation board and committee members, and all those who work tirelessly in our volunteer organizations to make Salt Spring a smart and caring community. And remember:

“The foundation of our community starts with you— and me!”

The Board of Directors: (front l to r) Terry Bolton (Chair, Finance and Investment Committees), Bob Moffatt (Board Member at Large), Emily Hepburn (Outgoing Chair, Grants Advisory Committee), Janine Fernandes-Hayden (Incoming Chair, Grants Advisory Committee), Carol Biely (Chair, Board of Directors), John Binsted (Chair, Governance Committee); (back l to r) Kees Ruurs (Chair, Community Building Committee), Mary Rose MacLachlan (Youth Philanthropy Committee), Lesley Reynolds (Chair, Communications Committee)

The Foundation of your Community

2013

Highlights

SSI Foundation, Box 244, Ganges PO, Salt Spring Island, BC, V8K 2V9www.saltspringislandfoundation.org TEL: 250 537 8305

Connecting your giving with island needs

• Donations and bequests totalled $567,263

• Community Endowment Fund grew to over $5.1 million

• Local charities were given over $148,000 in grants

• $18,000 was directed toward addressing mental health needs, $25,000 supported affordable housing needs, and $20,400 went to projects benefitting children and youth

• Smart & Caring Salt Spring initiative launched to grow philanthropy and tackle critical issues

Carol Biely, Chair, Board of Directors

Annual Report

Canadian Mental Health AssociationTo deliver community-based training, public education, and community development programs on Salt Spring Island.

Canadian Red Cross Salt Spring Island HELP DepotFor a storage container that will enable the HELP Depot to increase the stock of medical equipment.

Farmland TrustTo improve access to the Shaw Family Com-munity Gardens and increase the number of garden plots. This grant was made possible by a bequest from the Shaw family.

Fulford Community Hall Association To support the re-roofing of Fulford Hall.

Gulf Islands Early Learning SocietyToward the creation of a playground at the society’s new centre on Drake Road.

Gulf Islands Marine Rescue SocietyFor dry suits to protect volunteers against hypothermia.

Island Arts Centre Society (ArtSpring)For handrails for ArtSpring theatre’s two middle aisles, to improve safety.

Island Pathways To assist in the completion of the Ganges Village Pathway Network, which promotes safe, non-motorized transportation on Salt Spring Island.

Island Women Against Violence (IWAV)/Salt Spring Island Abbeyfield Housing SocietyFor connecting The Cedars affordable housing project to Ganges Sewer Service, thereby increasing the number of housing units for women in need of transitional housing and low-income senior women. This grant is supported by funds from the Unger Family Fund for Children and their Mothers and Senior Women in Need.

Options for Sexual Health, Salt Spring IslandFor a sexual health fair to be held at Gulf Islands Secondary School, aimed at enhancing the delivery of sexual health education and connecting youth to community resources.

Thanks to the generosity of residents and friends of Salt Spring Island, in 2013 the Foundation

provided over $148,000 in grants to 21 charitable organizations. The grants include $10,000 made possible by a bequest from the Shaw family.

Farmland TrustGISS Rowers

2013 Grant Recipients

“We’re relatively new to Salt Spring, having arrived in late 2005. At that time, we were also relatively new to retirement, so we began looking around this place we now called home to see what it offered. We discovered a vibrant community, rich in cultural activities and full of interesting people. Coming from education and social services backgrounds, we were naturally inclined to look for ways in which we could contribute—and the Foundation provided an ideal opportunity. We’re pleased that our small donations can be combined with those of others to enhance the quality of life on our island now and into the future. ” — Lyle and Susan Eide

2 Salt Spring Island Foundation 2013 Annual Report

Salt Spring Cooperative Preschool SocietyFor the replacement of deteriorating flooring.

Salt Spring Film Festival SocietyFor equipment used for Festival screenings and events throughout the year. The equipment is also made available to other island organizations.

Salt Spring Island Community EducationToward planning a community resource centre for volunteerism and volunteer organizations.

Salt Spring Island Community Services• For the Yellow Submarine and New

Beginnings programs, which support people with mental illness and/or addiction issues, and provide vocational rehabilitation, employment mentorships and work opportu-nities for those deemed hard to employ.

• To assist with the start-up of the Salt Spring Island Health Advancement Coalition, a planning and advocacy group that can work with Island Health, funders and community stakeholders to develop a primary health care plan for the community.

• For a stove upgrade for the community kitchen at SSI Community Services’ main site.

Salt Spring Island ConservancyTo support the acquisition and protection of the Blackburn Lake property, which is critical to healthy drinking water for many in the community and provides essential habitat for a rich diversity of wildlife species. This grant is partially funded by the Jacqueline Booth Memorial Fund.

Salt Spring Island Historical SocietyFor the purchase of acid-free storage boxes, photograph sleeves and paper for the preservation of historical documents.

School District #64• For a rainwater collection system for the

GISS garden to educate students about irrigation and water conservation and enable them to grow salad greens year- round for the GISS Cafeteria.

• To support the acquisition of a racing shell for the GISS Rowing Team.

• For wrestling mats for the Salt Spring Island Wrestling Association.

Shared Space Salt Spring SocietyFor organizational development for Shared Space, a project aimed at providing affordable space and services to community non-profit organizations.

StageCoach Theatre SchoolFor a banner to advertise the school’s productions. StageCoach Theatre is an after-school theatre arts program for children aged 5–14.

SWOVA (Salt Spring Women Opposed to Violence and Abuse) Community Development and Research SocietyTo assist with the Peace Kids program, an anti-bullying initiative for students in Grades 4, 5 and 6.

Donor-advised funds were also directed to the Bittancourt Museum and Salt Spring Island Historical Society.

Salt Spring Island Conservancy

Gulf Islands Marine Rescue Society

StageCoach Theatre School

ArtSpring

GISS Garden

Island Pathways

photo David Borrowman

photo Anna McColm

Chris Acheson

Bryan and Lucile Adderley

Jacqueline and Ritchie Aird

Rick and Chris Alexander

Janet Andersen

Nighean Anderson

Diane E. Armstrong

Don and Karen Arney

Steuart Beattie

Elizabeth and Paul Beckmann

Alan and Terri Bibby

Bob and Carol Biely

Susan Bloom

Carel and Eltje Boekwyt

Astha Bolliger

Terry and Bev Bolton

J.N. Braithwaite

Bob Brawn

Peter and Betty Brodie

Hannah Brown

Sue Burns

Tony and Betty Burridge

Jose and Barbara Bustillo

Grace Byrne

Joan Byrne

Marj Cade

John and Gladys Campbell

Tom Cartwright

CIBC Children’s Foundation

Gavin and Shirley Clark

Matthew and Phyllis Coleman

Barry and Sharon Cooke

Frank and Lynne Cooper

Diane and Douglas Corbishley

Country Grocer

Rafael Courtemanche

Barnie and Bill Cowan

Mary Crickmore

Dorothy Cutting

Kathy Darling

Don and Arlene Dashwood

Audrey and Maurice Davis

Winton and Barbara Derby

Marilyn Thaden Dexter

N. Dinsmore and Sally Plunkett

Gary and Jan Dunn

Blair and Margaret Dymond

Lyle and Susan Eide

A. Jean Elder

Derek and Barbara Emmerson

Jill Evans

Sharon Farquharson

David and Gill Feitelberg

Patricia Fitzgerald

Bob and Judith Fitzsimmons

Dorothy Flinnigan

Bob and Liz Food

Bill and Rosie Foster

Bob and Judi Francis

Basil Franey

Richard A. Fraser

A. Friedman and R. Slavney

Margaret Fulton

Jean Gelwicks and Peter Lamb

Niels and Nixe Gerbitz

Linda Gilkeson

Sharon Glover and Doug Wilkins

Laurel Gordon

Pat and Bob Gorman

A.I. Granger

Ronald and Ann Gray

Hugh and Sylvia Greenwood

Lesley Grott

Janet Haigh

Jack Hallam

Hugh Harbinson

Janice Harkley

David Hart and Linda Siegel

Ron Hawkins

Henry G. Hawthorn

Jon and Jennifer Healey

Marshall and Rose Heinekey

Jim and Carol Helset

Emily and Duncan Hepburn

Doug Herchmer

Ashley and Wendy Hilliard

Helen Hinchliff

Ernst W.B. and Sheila Hoen

Jean Holmes

Marion Holmes

Ross and Elaine Howard

Lee and Judith Hurd

Carol Johnson

Betsy Johnston and Derek Hill

Peggy Johnston

Wendy Kaye

Bruce Kennedy

David and Lis Ker

Richard Kerr

Hu and Ann King

Ernst and Diana Kramer

Walton Langford

Mary Laucks and Brian Swanson

Julia Lawder

Marilyn Lawrence

Don Layzell

Garry and Carol Leach

Patrick Lee

Nick and Marge LeMoine

Timothy Leutwiler and David Rumsey

Tom and Chris Locke

Don and Penny Lorimer

Jay and Anne MacAulay

Mary Rose MacLachlan and Derek Capitaine

Ian M. MacLeod

Marilyn J. Martin

Ron Martin

Philip and June Mason

Rollie and Elaine McCallum

Joan McConnell

Hugh and Nancy McCullough

Brian and Gisèle McDermott

Marilyn McDowell

Bob and Verity McKenzie

Donald McLennan

Jim and Fran McLennan

Gina McMahon and Ross Harvey

Alison McPhalen

D.G.C. Menzel

Sara Menzel and Derek Brackley

John and Bev Menzies

Bob and Pat Moffatt

Frances Montgomery

John and Pip Moore

Neil Morie—Architect

Norm and Carolyn Mouat

Sue Mouat

John and Catherine Mowbray

Barbara and Ken Mugridge

Lyndsay and David Mundy

Bob and Nadya Murdoch

Patricia Herchmer Murray

Janellen Neil

William Noble

Judy Norget and Charles Kahn

Alex and Victoria Olchowecki

Sylvia J. Ommanney

Peter Ortenvi

Wilfried and Wiebke Ortlepp

Linda and Mike Overholt

Harold and Gladys Page

Palmer family

Jim Parke and Roberta Cummins

John and Claire Pickering

George and Marilyn Pitman

Probus Club of Salt Spring

Louise and Bob Quart

Brian and Marjorie Radford

Victor and Lesley Reynolds

Alan and Rita Robertson

H. Ruckle

Denis and Susan Russell

Kees and Margriet Ruurs

Ann Saddlemyer

Sally Samler

Gil and Fran Schultz

Stanley Shapiro

Joyce and Peter Sharpe

Jeremy and Jackie Shrive

Terry and Ray Simard

Hamish and Tricia Simpson

2013 Donors

4 Salt Spring Island Foundation 2013 Annual Report

George and Bridget Sipos

Faith Slaney

Janet Smith

Joanna and David Southwell

Barry and Sheila Spence

Greg Spendjian and Donna Cochran

SS Garbage Blackburn Mall

Janet Stethem

Ann and John Stewart

Hans and Susan Stoffelsma

N.E. Stout

Biz Stratton

Eileen Stubbe

Henry and Carol Tabbers

TELUS Corporation

Lynn and Betty Thompson

Gérald Tibbits and Kate Merry

Mary Toynbee

Tom and Yvonne Toynbee

Sherry Tryssenaar

Vogel Family Trust

Ruth Volquardsen

Rosemary and Len Wallbank

Walsh King

Tia Walsh

Bob Watson

Gillian Watson

Ron Watson

Bob and Judy Weeden

Wettstein Family

Mrs. Terry Wilkinson

Bryan and Audrey Williams

Jill Willmott

Jane and Jeremy Winter

John Woodward

Sheila Wowchuk

A. Wright

Plus 40 donors who wish to remain anonymous

In Memory DonationsWe are most appreciative of the many people who made donations in memory of the following much-loved individuals: James Booth, Dr. Ian Chisholm, Ted Coombes, Dr. Albert Johnston, Cathy MacDonald, Gordon Munk, Meg Philpot, Isabelle Richardson, Murray Sumpton.

Long-Time Islanders Leave Significant Gift to Community In December 2013, the Foundation received a major bequest from the JDB Trust, established by siblings John and Dorah

Ward and Bertha Cameron. Dorah, the last survivor

of the three, passed away in January 2013. The proceeds of the JDB Trust were divided between

the Salt Spring Island Foundation and the

Lady Minto Hospital Foundation, each

organization receiving just over $391,000.John was a decorated World War II

veteran. He and his sisters shared a home on Valhalla Road and a love of hiking and golfing. Cheerful and sharp to the end of her life, Dorah spent her last years in Greenwoods, where she enjoyed crossword puzzles and a nip of Scotch whisky. According to family friend Nancy Andersen, “They were three very special and sweet people.” John, Dorah and Bertha have left an enduring legacy of generosity and love of community that will benefit islanders for generations to come.

Salt Spring Island Foundation VolunteersSmart & Caring

Salt Spring

Leading up to Canada’s 150th anniversary, the Salt Spring Island Foundation is participating in Smart & Caring Commu-nities, a landmark effort for Canada’s 191 community foundations to pursue two significant goals: to fill the gaps in the network, so that every Canadian is served by a community foundation by 2017; and to establish Smart & Caring Community Funds. While each fund will be unique to its community, all will contribute toward building a nationwide legacy and permanent assets that will serve Canadian communities for years to come.

In November 2013, the Foundation announced a multi-faceted Smart & Caring Salt Spring initiative:

• Growing Philanthropy. Three new endowed funds will be established by the Foundation to support youth in philanthropy, volunteerism and projects to strengthen non-profit organizations. Our new Youth Philanthropy Committee, made up of seven GISS students, is already off to a promising start and hopes to be giving out its first grants to youth projects in 2014.

• Critical Issues Projects. Funds will be established to target the two most critical areas of need on the island, as determined by the Foundation’s 2012 Community Needs Survey: affordable housing and community health, with a special focus on mental health.

Your Community Makes You. And You Make Your Community.

Dorah Ward

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BequestsRuby Alton Estate .........................................................................$298,171Elizabeth Baker Estate ....................................................................25,000Ruth Crane Estate ..............................................................................35,463Helen Margaret Franey Estate ...................................................10,165Valerie Gyves Estate ...............................................................................500JDB Trust (John Ward, Dorah Ward, Bertha Cameron) ......................................................................... 391,271 **

Anonymous #1 ..................................................................................... $7,250Anonymous #2 ..................................................................................... 24,100Anonymous #3 ..................................................................................... 25,600Anonymous #4 ...................................................................................... 11,000Anonymous #5 ..................................................................................... 15,115Anonymous #6 ........................................................................................5,150Anonymous #7 ..................................................................................... 50,545Anonymous #8 .........................................................................................9,955Anonymous #9 ........................................................................................6,500Sheri Berkowitz Fund ......................................................................... 5,700Jacqueline Booth Memorial Fund ........................................... 24,080 *Art Botham Memorial Fund ........................................................ 14,550Bob and Sharon Brawn Fund ..................................................... 25,285George William Brown Fund ..........................................................6,000James A. Brown Fund ........................................................................ 10,850Brown/Sanderson Fund ................................................................. 20,550Grace and Pat Byrne Fund ........................................................... 31,104Barnie and Bill Cowan Fund ........................................................ 67,600Dorothy Cutting Fund ..................................................................... 38,600William David Dexter Memorial Fund ................................... 11,346Migs Edwards Fund .............................................................................5,000Basil and Margaret Franey Fund .............................................. 33,165Laurel Gordon and Murray Sumpton Fund ........................ 30,400Jack Hallam Fund, on behalf of G.L.O.S.S.I. ............................7,770Mimi Gossett Memorial Fund ...................................................106,000Kirby and Pat Herchmer Fund .......................................................6,305Marc and Jean Holmes Fund ....................................................... 10,410Lee G. Hurd Fund ...................................................................................5,000Anita Kahn Memorial Fund .............................................................5,100Nancy and D. Keith-Murray Fund ............................................ 10,245Roy, Mollie, and George Lamont Fund .................................. 40,856Helen Elizabeth Langford Memorial Fund ........................ 67,696Irving Levin and Stephanie Fowler Fund ............................ 14,159Kay and Ralph Magee Fund ............................................................5,125Ann and Gundy McLeod Fund .......................................................6,000Allen and Joan McConnell Fund ............................................... 22,273Hugh and Nancy McCullough Fund ....................................... 36,416Brian and Gisèle McDermott Fund ......................................... 10,000

Don and Betty McMahon Fund .....................................................5,000John and Bev Menzies Family Fund ....................................... 46,925Mary Moat Fund ....................................................................................5,000Drs. Albert and Peggy Mouat Johnston Fund .......................7,400E.A. (Effie) and W.M (Will) Mouat Memorial Fund ........... 12,205Jessie Mouat Toynbee Fund .......................................................160,560Norman and Carolyn Mouat Fund ........................................... 11,500Olivia D. Mouat Fund ........................................................................ 11,461Richard Mouat Toynbee Fund ................................................... 12,100Judy Norget and Charles Kahn Fund .........................................8,440Joyce and Joseph Ovenden Fund ................................................5,000Linda and Mike Overholt Fund .................................................. 40,000Harold and Gladys Page Fund ................................................... 10,000 Dick and Chris Pattinson Fund .....................................................9,550Hector Perry Fund .............................................................................. 13,155John and Claire Pickering Fund ................................................ 42,914Al and Mary Pike Fund ........................................................................7,863Leslie Ramsey Memorial Fund .....................................................5,850Dave Rayment Memorial Fund ....................................................5,480Hubert and Margaret Robinson Fund ................................... 26,400Bob and Jinny Rush Fund............................................................... 26,228Dr. Raymond Rush Fund ................................................................ 26,200Saltsea Holding Fund ....................................................................103,550Dennis and Sanchia Seward Fund ..............................................7,250Stanley and Roberta Shapiro Fund ......................................... 21,216Stowel Lake Farm Fund ................................................................. 11,000Terry and Sue Strain Fund ...............................................................5,300Mort and Biz Stratton Fund ........................................................ 12,634Al Stubbe Memorial Fund .............................................................. 56,500Allison and Mel Sumner Memorial Fund .................................5,715Manson and Mary Toynbee Fund ............................................. 12,700The Unger Family Fund for Children and their Mothers and Senior Women in Need ...............................100,000 *Nels Vodden Fund .............................................................................. 10,000Cordula Vogt Fund ............................................................................. 16,350Wettstein Family Fund of The Calgary Foundation ...... 29,200Audrey and Robert Wild Fund .................................................... 13,516Cam and Terry Wilkinson Fund ................................................. 11,000

Milestone and Field of Interest FundsWe are grateful to our many Milestone Fund donors, who provide an enduring legacy to our community through their donations and bequests. All Milestone and Field of Interest Fund gifts are held in our Community Endowment Fund.

John H. Kavelin Estate............................................................................500John Lees Estate .................................................................................... 9,000Gordon Parsons Estate ..................................................................... 5,000Gwen Ruckle Estate ....................................................................... 137,781Shaw Family Estate ........................................................................ 705,820Fred Slaney Estate ............................................................................... 1,000Cordula Vogt Estate ..........................................................................10,000 **

*Field of Interest Funds **2013 bequest

The following funds have come to the Foundation through bequests or other deferred gifts. As with Milestone Funds, Estate Funds will be recognized in perpetuity. All are held in our Community Endowment Fund.

6 Salt Spring Island Foundation 2013 Annual Report

Summary of Financial StatementsAs at December 31, 2013 Please refer to our website for the full audit report and notes

Statement of Operations 2013 2012REVENUE Donations $ 567,263 $ 226,756 Donations, flow-through 0 0 Donations, Shaw bequest 10,000 87,000 Investment income 178,314 170,693 Miscellaneous income 0 364 Gain (loss) on sale of investments, realized 278,616 (796) Gain (loss) on value of investments, unrealized (66,582) 123,434

Total Revenue 967,611 607,451 EXPENDITURES Grants 128,673 83,958 Grants, cancelled 0 (500) Grants, flow-through 0 0 Grants, Shaw 10,000 57,000 Foundation projects 10,245 0 Equity management fees 24,328 22,194 Advertising and promotion 3,680 1,587 Bank charges and interest 2,663 1,676 Contracts, administration 19,314 16,252 Computer and software 2,008 815 Fees, meetings and general 9,168 4,094 GST 0 3,366 Insurance 1,310 1,310 Professional fees 5,705 5,803 Printing, postage and publishing 5,249 8,205 Stationery and supplies 823 483

Total Expenditures 223,166 206,243

Excess (Deficiency) of Revenue over Expenses 744,445 401,208

Statement of Financial Position ASSETS Cash $ 163,356 $ 260,395 Term deposits, unrestricted 22,301 0 Term deposits, restricted 508,419 518,000 Accounts receivable 17,079 10,185 GST receivable 1,152 3,200 Prepaid expenses 1,480 0 Prepaid organizational costs 0 0 Investments 4,458,184 3,610,048

Total Assets 5,171,971 4,401,828

LIABILITIES Accounts payable and accrued liabilities $ 9,590 $16,502 Undistributed grants 109,933 67,323 Flow-through funds 508,419 518,419

Total Liabilities 627,942 602,244

NET ASSETS Externally restricted 723,069 723,069 Internally restricted 2,559,583 2,059,323 Unrestricted 1,261,377 1,017,192

Total Net Assets 4,544,029 3,799,584

Total Equities Plus Liabilities 5,171,971 4,401,828

Notes to Financial Statements

(1) As of January 1, 2011, the SSI Foundation was a society registered as a public foun-dation with the Charities Directorate, Canada Revenue Agency. As such, it was exempt from income tax and could issue tax receipts. The Foundation’s charitable organiza-tion number was BN 811053255 RR0001.

(2) The Foundation follows Canada’s generally accepted accounting principles pertain-ing to non-profit organizations in the preparation of its financial statements.

(3) The Foundation has adopted the financial instrument standards issued by the Canadian Institute of Chartered Accountants Handbook Section 3855, Financial Instruments—Recognition and Measurement, and Section 3861, Financial Instruments—Disclosure and Presentation.

(4) Investments are recorded at fair value as determined on the last day of the fiscal period using published market quotations.

saltspringislandfoundation.org 7

Ways to Give

Special Thanks

n Milestone Funds help build the Community Endowment Fund and are suitable for donors who prefer to have the Foundation make granting decisions on their behalf. Create a Milestone Fund, previously called a Named Fund, with your donation (or accumulated dona–tions) or bequest of $5,000 or more. The fund may be in your name or the name of someone you wish to honour.

n Field of Interest Funds enable donors to specify a particular field of interest to which the income of their fund will be directed, for example, social services, children and youth, arts and culture, or the environment. A Field of Interest Fund can be established by your donation (or accumulated donations) or bequest of $15,000 or more and can be in the name of your choice.

n Advised Funds are useful options for those who wish to specify a particular island charity (or charities) as the recipient(s) of the annual distributions made possible by their funds. It’s possible to create an Advised Fund with your donation (or accumulated donations) or bequest of $25,000 or more. As with the fund types above, your Advised Fund can be in the name of your choice.

n Partnership Funds allow donors to work with the Foundation to decide how best to enrich the quality of life on Salt Spring. Partnership funds may be estab-lished with your donation (or accumulated donations) or bequest of $50,000 or more. Donors can meet with a Foundation representative each year to provide direction about the distributions made possible by their funds.

n All our generous donors—past and present

n Our dedicated 2013 committee volunteers:

Communications Committee: Kate Merry, Judy Norget, Diane Thomas, Jane Winter

Community Building Committee: Maryann Bird, Lorraine Brewster, Tom Mitchell, Maddee Nash, Lyle Petch, Jacquie Stevulak, Anne Williams

Donor Relations Committee: Maryann Bird, Kathleen de Jong, Carol Johnson, Nora Layard, Jane Winter

Grants Advisory Committee: Nighean Anderson, Barry Cooke, Marshall Heinekey, Adina Hildebrandt, John Maresh, Bob Rush, Phillippa Tattersall, Glenn Woodley

Investment Committee: Debby Wetmore

Youth Philanthropy Committee: Charlie Beaver, Kephra Beckett, Norees Gasper, Ella McQueen-Denz, Simone Miller, Gwen Patrick, Owen Twaites

n Our Friends of the Foundation group: Tom Toynbee (chair), Gladys Campbell, Wendy Kaye, Patrick Lee, John Pickering

n Emily Hepburn, who retired from the Foundation’s board in 2013 after many years of guiding the Grants Advisory Committee; her wise counsel and strong commitment to the Foundation will be missed

n Part-time administrator Linda Frost; our auditor, Janice Harkley; Mark Horne for his legal advice

n Barbara Hayden and Darryl Janyk at the CRD Building Inspection Office

n The Gulf Islands Driftwood, Country Grocer, Thrifty Foods, Mouat’s Trading Company and Contour Grafix for their ongoing support

n Richard Moses and Salt Spring Island community radio station CFSI 107.9

n Louis Pepin and all those other volunteers and community members who made it possible for the Foundation to operate with minimal administrative costs of approximately 1.5% of our assets

n Joni Ganderton of the R. Joni Ganderton group, BMO Nesbitt Burns

Des

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: Car

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Tax-deductible donationscan be made through our website at:

www.saltspringislandfoundation.org

BY PHONE: 250 537 8305 BY MAIL: SSI Foundation, Box 244, Ganges PO, Salt Spring Island, BC, V8K 2V9

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8 Salt Spring Island Foundation 2013 Annual Report