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The Community Foundation of Prince Edward Island

Annual Report - 2007
Presidents Message   |   Our Mission   |   Our Vision   |   Charitable Numbers   |   New Funds   |   Directors - 2007
Volunteers   |   Professional Advisors   |   Memorials   |   Scolarships   |   Grants - Awards   |   New Directors
Financial Reports   |   Island Arts & Heritage Stabilization Program   |   Funds Under Management   |   Portfolios

President's Message

The Community Foundation of Prince Edward Island had another successful year in 2007. Nine new endowments were added to Funds under management and there was an increase of approximately $182,689.07 in assets. The total value of the Funds under management exceeded $1,000,000.00 for the first time and the total Fair Market Value of the Consolidated Trust Fund at year end was $1,031,726.83.

Major Highlights during 2007 included:
  1. The U.S. Citizens Day on July 4
  2. The P.E.I. Summer Islanders Social on August 6
  3. The P.E.I. Summer Islanders Lecture Series at the Victoria Playhouse
  4. The Secondment Agreement with the Government of Prince Edward Island which provided a full-time Executive Director for the Foundation
  5. Reception at the Arts Guild on November 14, for announcement and presentation of Foundation Awards for 2007.
Other Highlights during 2007 included:
  • Two day strategy planning Seminar at Holland College for the Foundation Directors
  • The establishment of nine new Funds
  • The inaugural planting of trees in memory of Dr. Keuper as a result of the Living Memorial Trust established by the family of the late Dr. Keuper
  • Receipt of funds from a class Action settlement which were disbursed for transportation purposes
  • The winding up of the Island Arts and Heritage Stabilization Program
  • The holding of two Community Information Sessions
  • Attendance at the Atlantic Regional Meeting in Memramcook, N.B.
  • Reception held by Judge Upson and Mrs. Upson at their beautiful Summer home Awarding of 2 scholarships from the Orin Carver Scholarship Fund
  • Recognition as "Chapter of the Year" by the Montague Chapter of SAVE (Students Against Violence Everywhere).
The success achieved in 2007 was made possible by the efforts of a great many people including the Directors, Volunteers, our Office Administrator, and our new Executive Director, Committee members, donors and Friends. It is a pleasure to extend thanks to each and everyone of you for all your efforts. I encourage you to continue the good work in the years to come.

Norman Carruthers


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Community Foundation of Prince Edward Island

Our Mission

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.
Our Vision

An organization that provides people and communities with opportunities to enhance their quality of life.


Charitable Numbers

Canada #: 890011190RR001

US IRS #: 30-0050801





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New Funds

  • ALS Society of Prince Edward Island Fund
  • Macmillan-Bagnall Shrine Trust Fund to provide monies to the Philae Shriners Children.s Travel Fund in Halifax
  • The Island Shrine Fund
  • The Womens Probus Club of Charlottetown Fund
  • J. Gwenyth Lantz Memorial Fund to be used for the purpose of honouring and remembering J. Gwenyth Lantz
  • The Beach Tennis Club Trust Fund to fund the Gorden and Helen MacDonald award to the annual winners of the Tennis PEI Junior Female and Male Competitors
  • PEI 4-H Trust Fund
  • The Future Leaders Fund
  • The Island Arts and Heritage Stabilization Program Endowment Fund to increase the viability and sustainability of the Provincial Arts and Heritage sector


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Directors - 2007

Norman Carruthers, PresidentDavid Campbell, Vice President
Dr. Donald Glendenning, SecretaryMyron MacKay, Treasurer
Heather MacDonaldTom Davies
Joyce GaudetJohn Ives
Lou Ann ThompsonMarie Salamoun-Dunne

Executive Director - Donald MacDonald, C.G.A.
Office Administrator - Marla (MacDonald) Gidney


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Volunteers

Wendy CorriganDeborah Lavers
Lois MacMillanTom Hall
Tony GlencrossGerry Johnston
Greg PetersGeniene Peake
Ricky Dalton 



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Professional Advisors

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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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 , the following gifts were received ~ Lewis F. MacMillan, Debbie MacMillan Murray, Dr. J. Hubert O.Hanley, Alfred Fraser, Q.C., Dorothy Ratz, Edith Robinson, Gerald H. Desjardine, Yvonne Wilson, Anne McQuaid, Charles McQuaid, Mary C. McQuaid, Ross and Leila Nicholson.


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Scholarships

Bethany MacKay of Summerside was awarded the Summerside Natick Hockey Scholarship to attend UNB.
Jessica Fleming of Cornwall and Lisa Beck of Charlottetown received the Orin Carver Scholarship to attend UPEI.
Kali Wells of Wilmot Valley received the Lowell Phillips Scholarship to attend St. Thomas University.
Vanessa Lutz Collins of Charlottetown received the Lorne and Ruby Bonnell Scholarship to attend UPEI.
Kevin Clow of Clyde River received the Dr. Donald K. Taylor Scholarship to attend St. Thomas University.


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Grants - Awards

Miramichi Rural School from The Glendenning Fund, for the purchase of library books.
Queen Charlotte Junior High School from the Hesta MacDonald Legacy Fund, for the purchase of library books.
Boys and Girls Club of Summerside from the J. Melville Campbell Fund.
PEI Heart and Stroke Foundation from the David A. MacKay Endowment Fund to organized CPR training.
The PEI Rape/Sexual Assault Crisis Centre received a grant from undesignated funds.
PEI Home & School Federation received a grant from undesignated funds.
Citizen Advocacy received a grant from undesignated funds.
Open Door Ministries received a grant from undesignated funds.
Southeast Environmental Association received a grant from undesignated funds.
Kiwanis Music Festival received a grant from undesignated funds.
Singing Strings received a grant from undesignated funds.
Catholic Family Service Bureau received a grant from undesignated funds.
Souris High School received a grant from the Souris Fund to purchase band instruments.
Westwood School and Eliot River School received a grant from the Cumberland Rocky Point WI Legacy Fund for literacy purposes.
Will Connolly and Hillary Hansen received a grant from the Beach Tennis Club Trust Fund for being Tennis P.E.I. top junior male and female.
Queen Charlotte Junior High School received a grant from the Hesta MacDonald Legacy Fund to purchase library books.
The Jessie Drummond Public Speaking Award was presented to the winning contestant of the .Best Overall First Time Speaker. at the PEI United Church Youth Public Speaking Competition.
SAVE PEI: Students Against Violence Everywhere (Montague Chapter) received a grant from undesignated funds to produce and air radio spots on relationship violence.


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New Directors

Lou Ann Thomson was born in Prince Edward Island, entered nursing but later studied law. She retired from Legal Aid Services in Halifax returning to Brudenell where she now lives. Her community activities include being the chair of the PEI Human Rights Commission and a member of the Board of the historical recreation, Roma at Three Rivers, PEI


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Financial Reports

The financial records of the Foundation have been audited and a complete report is available upon request.



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Island Arts & Heritage Stabilization Program

Launched in May 2004, the Island Arts and Heritage Stabilization Program was designed to assist PEI cultural organizations to become stronger and more viable over the long term. Although the stabilization initiative was led by the Community Foundation of Prince Edward Island, the IAHSP program operated under its own Board chaired by Ken Gillis, Donald Glendenning, Hon. Marion Reid, Jeannette Arsenault, Tanya O'Brian, Darrin White, Ron Irving and Harry Holman with Katy Baker as the Executive Director.

From the first round of proposals, the following six organizations were selected: Carrefour Theatre, College of Piping, Indian River Festival, Jubilee Theatre, PEI Symphony and the Victoria Playhouse. Later an Outreach Program was launched and included the following: Arts Longa/The Guild, Farmers Bank of Rustico, PEI Crafts Council and PEI Music Award Association.

Funding for the initiative consisted of $200,000 from each of the Department of Canadian Heritage, the PEI Department of Community and Cultural Affairs and the Samuel and Saidye Bronfman Family Foundation. An additional $200,000 was raised from the private sector.

CFPEI thanks the many people who gave willingly of time and talent to ensure the success of the program. The program has concluded.


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Funds Under Management

Agricultural Equipment FundALS Society
Anonymous #2Architects Association of PEI
Joan Auld Scholarship FundBeach Tennis Club Trust Fund
Ruby & Lorne Bonnell ScholarshipDr. Marlene Bryenton-Ghiz Park Fund
J Melville Campbell FundOrin Carver Scholarship Program
Community FundCumberland-Rocky Point WI Legacy Fund
T. Arthur Dawson Scholarship FundJessie Drummond Public Speaking Award
Foundation FundFund #1
Glendenning Family FundHighfield Cemetery Fund
Island Arts & Heritage FundIsland Shrine Fund
J.Gwenyth Lantz Memorial FundLiving Memorial Trust
G. Gordon Lord Scholarship FundHesta MacDonald Legacy Fund
David A. MacKay Endowment FundMacMillan-Bagnall Shrine Trust
L.M. Montgomery Land Trust Fund The Old Protestant Burying Ground Fund
PEI 4-H Trust FundLowell Phillips Scholarship Trust
Eric C. Robinson FundSouris Fund
Summer Islanders Legacy FundSummerside-Natick International Hockey Fund
Dr. Donald Taylor Memorial FundThomas F. & Katherine Upson Fund
Visual Arts FundHospice Pallative Care Association of PEI
Women.s Probus Club of Charlottetown Fund 


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Portfolios





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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
Site made possible with hosting donated by Red Rock Servers and design services by Ricky Dalton.