The Community Foundation of PEI

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The Community Foundation of Prince Edward Island

Annual Report - 2005

President.s Message

I would like to acknowledge especially, the personal and financial support of Directors; first awards from The Dr. Donald K. Taylor Fund and The PEI Association of Architects Scholarship Funds; the increase in donations to Island arts and cultural organizations from US citizens; a positive mid term review of the Arts & Heritage Stabilization Program; a return of 8.3% for our funds under management, and the establishment of 2 new funds.

During the past three years our funds under administration have grown from $381,299.26 at the end of 2002 to $626,376.02 on December 31, 2005. During the same period, our return on investment has been 11.05%, 7.7% and 8.3% respectively.

Thanks for your special efforts.

John Robinson

Milestones

The first award from the Dr. Donald K. Taylor Memorial Fund presented to Dr. Marlene Bryenton
Thea Campbell awarded first scholarship from the PEI Architects Association Fund.
Part of C. Gorden Lord Scholarship Trust administered by CFPEI.
Local Committee established in support of the Souris Community Fund.
CFPEI provided US receipts to thirteen US donors who contributed $25,000(US) to five Island cultural organizations.
New disbursement policy allows us to make decisions earlier in the year thereby making grants earlier.
J. Melville Campbell Fund was established by his widow, Mary Campbell and family in support of projects for Prince Edward Island youth
The optimism with which we welcome 2006.

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Directors

John Robinson, President	David Campbell, Treasurer	Tom O'Leary
Norman Carruthers, Vice President	John Ives
Don Glendenning, Past President	Bruce Lewis
Margaret Ching, Secretary	Heather MacDonald
	Bob McNutt
	Anne Nicholson

Office Administrator

Marla MacDonald

Volunteers

Wendy Corrigan	Lois MacMillan	Bob Ramsay
Danielle Ives	Lisa Murphy	James Travers
Deborah Lavers	JoAnn McQuaid	Paul H. Schurman

Investment Managers: Phillips, Hager & North
Solicitors: James Travers, Stewart McKelvey Stirling Scales
Auditors: David Arsenault, ArsenaultBestCameronEllis
Marketing: The Sharpe Group
Brochures: Anne Patterson Kearns

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DONORS AND SPONSORS - 2005

ADL	Fast Foods (P.E.I.) Ltd.	Steve McQuaid
Atlantic Lottery Corporation	Don & Carol Glendenning	Lloyd & Hazel Millar
Joan Auld & Keith Pigot	Janet E. Glendenning	Douglas Moor Ltd.
Professor Roger D. H. Black	Ken Glendenning	Jim & JoAnn McQuaid
The Samuel and Saidy	Dr. Tom Hall	Anne Nicholson & David Bergmark
Bronfman Family Foundation	Suzanne Hasting-James	Noye Enterprises Inc.
Rick Burger	John Ives	Tom O'Leary
Robert W. Butt	Dr. Ralph & Gail Kennedy	PEI Mutual Insurance Company
Ronald G. Butt	Virginia Kinsman	The Pepsi Bottling Group
Andrew Campbell	Dr. Arther Law Knigh	Henry Purdy
David & Dianne Campbell	Errol Laughlin	RBC Foundation
Mary P. Campbell	Bruce & Kay Lewis	RBC Royal Bank
Stephen Campbell	D. R. Livingstone	John & Hazel Robinson
Thane Campbell	Heather Henry MacDonald	Royalty Oaks Ltd.
Gordon Carr	Hesta MacDonald	Scotiabank - Commercial Banking
Norman & Diana Carruthers	Marla MacDonald	Dr. J.P. & Katherine Schaefer
Margaret Ching	Alma MacLennan	Straig Crossing Bridge Limited
Gordon Car	Lois MacMillan
Margaret Ching	MacPherson Roche Smith & Noonan
Roy & Aletha Creed	Bernice McGee

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Memorials

When a friend or family member passes away, an In Memoriam contribution is often an appropriate tribute. The Community Foundation of Prince Edward Island provides recognition for the person who has a strong belief in their community. During the past year gifts were received ~ In Memory Of ~ Catherine Griffith, Richard Ferguson, Florence Leblanc, John Matheson, Violet Mayne, Urban Murphy, Helen MacDonald, Dr. Leo MacIsaac, Debbie MacMillan Murray, Lewis F. MacMillan, Lloyd MacMillan, Anne McQuaid, Catherine Shea, Sylvia Stewart

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Grants

Scholarships	Flow Through	Other Grants
Danielle Boyce - Summerside - Natick Scholarship Lisa Gaudet - Orin Carver Scholarship Joan Auld Scholarship	Victoria Play House Indian River Festival Kids Count (Eastern School Board Foundation) St. Thomas Church (Springbrook)	Miramichi Rural School

Financial Reports: The financial records of the Foundation have been audited. A complete report is available upon request.

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Community Foundation of Prince Edward Island

Our Mission	Our Vision	Charitable Numbers

To improve the quality of life in Prince Edward Island by providing a vehicle for donors to meet their charitable interests in perpetuity at a minimum cost and maximum convenience.	An organization that provides people and communities with opportunities to enhance their quality of life.	Canada #: 890011190RR001 US IRS #: 30 0050801

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Island Arts & Heritage Stabilization Program

In May 2004, under an agreement with Department of Canadian Heritage and the PEI Department of Community and Cultural Affairs, and with significant funding from the above and the Samuel and Sadye Bronfman Family Foundation, CFPEI launched the Island Arts and Heritage Stabilization Program. The sole purpose of the Program, IAHSP, is to build stronger and more viable organizations in the non-profit arts and heritage community of Prince Edward Island with the goal of long term viability. The program is focused on:

Strengthening board governance for better monitoring and management of operations;
Promotion of strategic planning for long term success;
Improvement of financial management to ensure better fiscal planning;
Development of Marketing Plan;
Upgrading of administrative operations, equipment, resources and performance.

Participating Organizations	Arts & Heritage
	Stabilization Board
Round One	Ken Gillis, Chair
Carrefour Theatre	Jeanette Arsenault
College Of Piping	Don Glendenning
Indian River Festival	Harry Holman
Jubilee Theatre	Dr. Ron Irving
PEI Symphony Orchestra	Ms. Tanya O'Brien
Victoria Playhouse	Hon. Marion Reid
	Darrin White
Outreach
Ars Longa Inc./The Guild	Executive Director ~ Katy Baker
Friends of the Farmer's Bank, Rustico
PEI Crafts Council
PEI Music Awards Association

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Financial Statements Highlights-2005

Revenue:	CFPEI Excluding IAHSP	IAHSP	All Operations
Contributions and Donations	53,364	69,627	122,921
Admin Fees Collected	8,260	0	8,260
Investment Income	22,442	10,906	33,348
Other Income	2,462	0	2,462

Total Revenues	$86,528	$80,533	$167,061

Expenditures:
Wages & Levies	8,554	46,391	54,945
Grants and Scholarships	35,192	29,574	64,766
Professional Fees	2,034	3,307	5,341
Marketing & Advertising	1,660	934	2,594
Office and Misc	5,481	4,267	9,748
GST	1,828	727	2,555
Rent, insurance, travel, etc	17,011	8,548	25,559
Technical Assiatance	0	65,724	65,724

Total	$71,760	$159,472	$231,232

Excess Revenue (expenditures)	14,768	-78,939	-64,171
Fund ballance - B O Year at cost	469,630	439,593	909,223
Fund ballance - E O Year at cost	484,398	360,654	845,052

FMV of all Funds (including Agency Funds) at end of Year	626,376	360,654	987,030

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Funds Under Management

Fair Market Value . December 31, 2005

Fund # 1	$9,316.29
Foundation Fund	$48,455.55
Community Fund	$57,534.16
Memorial Fund	$2,798.91
Phillips Scholarship Fund	$16,624.95
Carver Scholarship Fund	$118,386.45
Auld Fund	$10,627.72
Bonnell Scholarship Fund	$22,610.77
Glendenning Family Fund	$10,540.53
Taylor Memorial Fund	$12,294.75
Eric C Robinson Fund	$55,462.97
Summerside Natick	$11,606.56
Old Protestant Burial Ground	$40,226.05
P.E.I.Hospice Association	$97,301.45
Highfield Cemetery	$21,602.55
Founders Fund	$1,801.89
Visual Arts Fund	$3,414.18
ouris Fund	$15,748.73
C.Gorden Lord Scholarship Fund	$12,032.33
Architects Assn of PEI	$52,098.27
J. Melville Campbell Fund	$5,490.97
Agricultural Equipment Fund	$400.00

FMValue of PH&N Portfolio	$626,376.02

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Investment Returns

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The Community Foundation of Prince Edward Island
Suite 105, 119-121 Queen Street, Charlottetown, PE C1A 4B3
Phone: (902) 892-3440; Fax: (902) 892-3880;
Email: foundation@cfpei.ca; Website: www.cfpei.ca

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