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Presentation to Coquitlam City Council
November 9, 2015
ABOUT US
The CF is a non-profit charitable organization established in
1992 by the BC government under the Coquitlam Foundation
Act in response to dedicated community founding members.
Our mission is to encourage and support
creative, targeted philanthropy that builds a
vibrant, sustainable, and healthy community.
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The CF Board (missing Janet and Terry)
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Janet and Terry!
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OUR PROCESS:
youth and seniors
Philanthropic donations,
endowments, gifts,
sponsors, external fund
raising
people at risk
community services
public safety
health delivery and support
Volunteers
education
The CF manages the
assets and annually
distributes grants,
scholarships and
bursaries from the
proceeds
heritage
the environment
arts and culture
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Funds Management:
The Coquitlam Foundation oversees and administers over 25 different
funds - most funds are ‘endowed’ donations or gifts - the capital is
invested and returns are available for distribution.
“A one time gift gives forever.”
Two Types of Funds:
 Foundation-directed funds
- CF Board decides how earnings are used.
 Donor-advised (“restricted”) funds
- donor stipulates how earnings are used.
- types include: Family/Memorial, Agency and Specialty funds.
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OUR FUNDS – Foundation Directed
Coquitlam Foundation Community Fund (supports all CF objectives)
Della and Cam Grant Fund (veterans, kids, poverty)
James Gordon Stewart Fund (alzheimers & kidney research, SFU bursaries)
Johnston Legacy Fund (supporting seniors)
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OUR FUNDS – Donor Advised: Family/ Memorial
Beverley Ann Cook Fund (blood disorder)
Carleigh Rae LeClair Fund (diabetes)
CMLA Brodie Campbell Memorial Scholarship Fund (to lacrosse player)
Coquitlam Metro Ford Domenic Mobilio Bursary (to soccer player)
Danielle and Gary Couling Education Fund
Raymond A. LeClair Scholarship Fund (pursue public service career)
Shelagh Elaine Fulton Memorial Fund (arthritis research and support)
Symington Endowment Fund (autism and mobility/competitive gymnastics)
Trevor Wingrove Bursary Fund (lacrosse player)
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OUR FUNDS – Donor Advised: Agency Sponsored
Coquitlam Centre Fund (education)
Coquitlam Public Library Living Legacy Fund
Coquitlam Search and Rescue Fund
Coquitlam Stroke Recovery Fund
Evergreen Arts Education Endowment Fund
Rotary Club Community Service Award
Tri-City Chamber Elite Athletes Fund
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OUR FUNDS – Donor Advised: Specialty Funds
Community Diversity Fund
Mayor’s Community Fund
Peter Legge Literacy Endowment Fund
Steps Together Fund (bursaries)
Wesbild Holdings LIFT Fund (adult/CABE)
Michael Coss Brain Injury Fund
Soroptomists Tri-Cities Fund
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Our Newest Fund Managed by the Coquitlam
Foundation …
Soroptomist International of the Tri-Cities
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Coquitlam Foundation Net Assets Growth
$3,000,000
$2,753,620
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
2007
2008
2009
2010
2011
2012
2013
2014
2015
Fiscal Year
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Coquitlam Foundation Awards
$180,000
$160,000
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
2007
2008
2009
2010
2011
2012
2013
2014
2015
Fiscal Year
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RESULTS: July 1, 2014 – June 30, 2015
The Foundation’s net assets at year-end were $2,753,620
Consisting of:
Foundation-Directed funds:
Donor-Advised funds:
General Fund:
$1,376,407
$1,233,659
$ 143,554
Interest on investments for 2014/2015 was 3.2%
$160,860 was distributed in scholarships, bursaries and grants
The CF’s 2014/15 Financial Report is available on-line at
www.coquitlamfoundation.com/reports
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2015 AWARDS NIGHT – Donors, Award Recipients & Presenters
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THE WAY AHEAD:
Achieving Self-Sustaining Operation
- Requires increased funds under management
Managing Growth Effectively
- Requires coordinated and skilled volunteer support
Escalating Awards Outcomes
- Requires greater response to calls for fund applications
More people need to know about the Foundation’s Awards
programs and the mechanisms the Foundation has to
support philanthropy to strengthen our community.
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SUPPORT FOR FOUNDATION OPERATIONS:
The Foundation’s operations are modest – volunteer driven with no
permanent employees and no physical office.
Our operating costs, including professional portfolio management,
awards events, audits, contracted services, etc are supported by:


fees on donor-advised funds of 1.25% of the annual
investment return (0.5 % is directly for portfolio management)
fundraising (e.g. “Burger & Beer Nights”)
Full self sufficiency will require net assets to grow to ~ $5 Million
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OUR CALL FOR ACTION:
Help us increase awareness about the Coquitlam Foundation –
mention us to friends and contacts; suggest the Foundation as a
place for philanthropy that benefits the community
Encourage qualified potential volunteers to consider the
Coquitlam Foundation for service on our Board or Committees
Support the Foundation by participating in our events – like our
Grants and Awards night, our AGM, and our annual fundraiser
event “Kickin’ It Country”
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A FINAL THOUGHT
When your heart tells you it's time to help people in your
community, but your head doesn't know where to turn, it's
time to look to the Coquitlam Foundation. We're your
hometown partner in philanthropy, helping you help your
neighbours through charitable initiatives as simple as a
one-time donation to our general fund or as profound as
the establishment of an endowment fund. Look to the
Coquitlam Foundation when you're looking to help.
Thank you!
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WEB: www.coquitlamfoundation.com
PHONE: 604-468-9598
Email: [email protected]
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