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2 0 0 9 A N N U A L R E P O R T

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TABLE OF CONTENTS

Letter from CEO & Chair 4

Selection Process 8

2009 Scholars 9

University Partnership 11

Mentoring 12

Summer Program 14

Scholar Gatherings 16

Milestones 18

Volunteers 20

Donors 24

Financial Information 31

Board & Staff 34

We are committed to the greatest of Canada’s natural resources: our youth.

We work to identify and support talented students who show promise of leadership and a strong commitment to service in the community.

We fund these citizens to study on Canadian campuses, to the benefit of their future and ours.

mission

The W. Garfield Weston Foundation is a proud supporter of the Canadian Merit Scholarship Foundation. I believe that what we as individuals and as a society spend on the development of innovative, educated, well-rounded citizens is probably the best investment we can make. W. Galen Weston, O.C.

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THE LORAN AWARDWe look for values in our beneficiaries that a transcript alone cannot show: firm commitment to character, service and leadership; breadth in academic and extra-curricular interests; entrepreneurship; strongly developed inner-di-rectedness; a high level of personal autonomy; and integrity.

We provide Loran scholars with a renewable award comprising an $8,000 living stipend matched by a tuition waiver from a partner university. We grant 30 such awards annually, 15 of which are underwritten by The W. Garfield Weston Foundation. We also grant approximately 80 one-time entrance awards.

Loran Awards include mentoring and a summer program. We pair each Loran scholar with a mentor who challenges, advises and encourages the scholar. Each university assigns a staff member as a resource, and the scholars support each other through their own organization, the Loran Scholars’ Association. We also provide grants up to $7,500 for three types of scholar-initiated summer experiences. We expect scholars to use these opportunities to broaden and enrich their academic studies.

We welcome Loran scholars into an extended family of volunteers, donors, staff, and past and present fellow scholars. We know the value of these rela-tionships and take care to nurture them.

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At national interviews in February, we celebrated our 20th anniversary of selecting Loran scholars. Though our work has grown by virtually all metrics – as the illustra-tion on pages 18-19 shows – we remain focused on the development of each individual Loran scholar. In con-junction with a modest degree of financial independence provided by an annual stipend and tuition waiver, our summer, mentoring and community programs are intended to inspire and challenge scholars to make the most of the opportunities they encounter during univer-sity. We encourage scholars to resist the temptation to take easy or conventional paths and to seek out, instead, how they can most effectively contribute to society.

We are fortunate to have many donors, both new and longstanding, who are committed to our cause of investing in young Canadians who demonstrate breadth in academic and extra-curricular interests, entrepreneur-ial energy, willingness to take meaningful risks and are firmly commitment to character, service and leadership. Thank you to the 241 donors who supported the Loran Awards last year, especially the W. Garfield Weston Foundation, which has, since 1998, underwritten 15 new Weston Loran Awards annually. Our growth and success over the past 12 years would not have been possible without the Weston family’s steadfast commit-ment to investing in young Canadian leaders.

We remain focused on improving the opportunities available through our summer and mentoring programs. Thanks to a multi-year pledge of $500,000 from Nancy & Bob Young, we will be able to send the incoming classes of Loran scholars on a five-day orientation wil-derness trip in Algonquin Park. Led by Outward Bound, the expedition focuses on leadership, teamwork, and en-vironmental stewardship.

James AppleyardChair

LETTER FROM THE CEO & CHAIR

Franca Gucciardi (Loran ‘90)Executive Director & CEO

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Our senior fellows program, launched in 2009, is a new initiative that builds on the strength of our volunteers. We asked veteran volunteers who embody our values and know our history to serve as senior fellows in cities with a sufficient number of scholars. For example, our founding chairman & CEO, Bob Cluett, is the senior fellow for Kingston and Kim Echlin, also a founding trustee, is the senior fellow for Toronto. Annually, the fellows will host a dinner for scholars and their mentors.

In the Fall, we launched www.loranscholar.ca, an online space for both past and present scholars to share stories and advice, connect with each other and keep up-to-date with the work of the foundation. In its first year, 80 per cent of past and present scholars have taken advantage of this new option for connecting with each other.

To provide donors with another means of supporting the Loran Awards, we estab-lished an endowment fund called the Tomorrow Fund. We modestly seeded the fund with $400K. In September 2008, we were advised of a substantial bequest that will bring the Tomorrow Fund to nearly $1 million. We also established an investment committee to oversee the prudent management of this fund.

For many charities, the past year was especially challenging because of the economic environment, but for CMSF it served as a stark reminder of the importance and need for leadership and a national organization that invests in young Canadians who dem-onstrate integrity in addition to intelligence and are committed to serving others.

Thank you to the volunteers and donors throughout Canada who have made it possible to invest more than $18 million in 1,800 young Canadians, nearly 400 of whom are past or present Loran scholars. Our work would not be possible without your support.

Sincerely,

Franca & James

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A FEW ALUMNI UPDATES

In 2009, the International Year of Astronomy, physics professor and jazz singer Diane Nalini de Kerckhove (Loran scholar ‘92) released her fourth album, Kiss Me Like That, a project inspired by humanity’s fascination with the sky and what lies beyond. Diane, who performs a few times a month while balancing her teaching and research projects at University of Guelph, returned to Canada in 2003 after completing graduate studies in physics at Oxford as a Rhodes scholar. Recognized as one of Guelph’s Top 40 Under 40, Diane’s work and dual career as musician and academic has been featured on several CBC radio shows and on the Nature of Things; she has also been profiled in the Globe & Mail, Toronto Star and Maclean’s.

Steven User (Loran scholar ’97) moved from New York to Toronto to start his own in-vestment firm, Eldridge Capital, which is seeking to aquire and operate businesses in Southern Ontario. After graduating from McGill, he earned his MBA from the Wharton School at University of Pennsylvania and worked at UBS. Most recently, Steven was one of the initial employees of Centreview Partners, a privately-held mergers and acquisitions advisory firm.

Michelle Dagnino (Weston Loran scholar ’98) took on a new job as CEO of The Critical Thinking Consortium, a non-profit association that promotes critical thinking from primary to post-secondary education. Previously, after earning her LLB from York University, Michelle practiced law in Toronto. Active as a speaker and facilitator in the areas of youth engagement, workforce development and leadership, she was rec-ognized by WXN Network as one of its Top 100 Most Powerful Women (young leaders category) in 2006.

In February, Warren Tranquada (Loran scholar ’92) became Vice-President & CFO of the New Jersey Performing Arts Center, the sixth-largest performing arts center in the United States. An active volunteer with BuildingBlocks International, the local MS Society and Friends of Canadian Education, Warren remains a member of the board of directors of the social entrepreneurship consulting firm Aperio LLC, which he co-founded. Aperio has offices in Canada, the United Kingdom and the United States.

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PROFILE : MARK SCHAAN

Originally from Manitoba, Mark Schaan (Loran scholar ‘97) moved to Ontario to study political science at University of Waterloo. While at Waterloo, he served as president of his college, columnist and assistant editor of the school paper, vice-president of the student union, and president of the Ontario Undergraduate Student Alliance. During one summer he fundraised for the Winnipeg Folk Festival; during another, he worked as executive assistant to Leonard Asper at CanWest Global.

In 2004, Mark was named as one of the ‘best and the brightest’ by Maclean’s. Mark went on to study at Oxford as a Rhodes scholar, earning MPhil and DPhil degrees in social policy.

Returning to Canada in 2006, Mark joined the federal public service, working first at HRSDC on the retirement income system and now at Industry Canada on the auto-motive sector. For the past few years, Mark has also coordinated the federal government’s Recruitment of Policy Leaders program.

In the community, Mark serves as president and director of The Ten Oaks Project, an Ottawa-based charity focused on children and youth from LGBTQ communities.

Mark interviews on the Ottawa area Loran Award committee and mentors a fourth-year Loran scholar. An annual donor, he recently joined the foundation’s board of directors after serving a two-year term as coordinator of the Loran Alumni Association.

“I now feel like CMSF is a part of my DNA, not just its values of character, service, and leadership, but its mission to empower new generations of leaders and thinkers who care about their communities and the world. Knowing first-hand how the op-portunities the Foundation provides change lives, I can’t help but want to be a part of that. I give in the ways that I can, knowing that the Foundation is really an amplifier of all of our own individual efforts,” he says.

I can’t imagine going back and repeating the trajectory my life has taken, and will take, without having been selected as a Loran scholar. It was the first opportunity I was really given to widen my world, and to allow myself the chance to see just how far I could go.

Mark Schaan (Loran scholar ’97)

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THE SELECTION PROCESS

Designed to identify young people of exceptional overall promise, our selection process is rigourous and thorough. We have established 27 regional committees and one central direct pool committee in 21 cities across Canada. More than 230 volunteers are involved, from academe, business and the community.

Our awards are open to every graduating student who intends to enter a Canadian university. Our application materials are sent to more than 4,000 high schools and CEGEPs in Canada, and we encourage each school to select and nominate their best candidates. The nomination process reinforces our core values of character, service and leadership in the schools.

This year, our regional committees selected 300 semi-finalists for personal interviews from an original pool of approximately 3,300 applicants. The top 76 candidates were invited to Toronto for a final selection weekend in February, where our six national committees and three national co-chairs selected our 30 newest Loran scholars, 15 of whom are funded by The W. Garfield Weston Foundation. We also distributed 35 finalist awards ($3,000 ea.), 33 provincial awards ($2,000 ea.) and recognized students with honour citations (54) and semi-finalist certificates (121).

Loran Awards are investments in the future, not rewards for past achievements. We expect that our 20th class of scholars will be productive members of their communi-ties and that they will meet the high standards of character, service and leadership established by previous classes.

e x c e p t i o n a lo v e r a l lp r o m i s e

Loran scholar group photo on facing page: back row (l to r): Jessica McCuaig, Ryan Thom, Max Deschner, Peter Guo, Marc-André Simard, James Hoffman, Michael Rolfe, Wesley Taylor, Peter O’Rielly, Tyler Heal, Justine Zwicker, Alison Lee, Juliette Dupré, Talitha Calder; front row (l to r): Lindsey Richardson, Lindsey Doehle, Constance Holman, Feodor Snagovsky, Hannah Holden, Joanne Cave, Tanya Taggart-Hodge, Ellie Jin, Erica Baker, Meagan McLavish, Divya Pahwa, Sophie Côté, Danya Dziedzic, Alexandra Schwabe, Katie Mattina.

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CLASS OF 2009

Weston Loran scholarsJoanne CaveSalisbury Composite HS, Sherwood Park, ABMax DeschnerKelowna SS, Kelowna, BCLindsey DoehleLester B. Pearson UWC, Penticton, BCDanya DziedzicInwood School, Inwood, MBPeter GuoOur Lady of Lourdes Catholic HS, Guelph, ONTyler HealSir John Franklin HS, Yellowknife, NWTJames HoffmanRoss Sheppard HS, Edmonton, AB

Hannah HoldenNakusp SS, Nakusp, BCConstance HolmanColonel Grey HS, Charlottetown, PEIKatie MattinaMcKinnon Park SS, Caledonia, ONPeter O’RiellySt. Gabriel’s All Grade, St. Brendan’s, NLMichael RolfeIndian River HS, Springdale, NLMarc-André SimardÉcole Sec. Macdonald-Cartier, Chelmsford, ONTanya Taggart-HodgeÉcole Victor Brodeur, Victoria, BCWesley TaylorLord Dorchester SS, Dorchester, ON

Erica BakerDenis Morris CHS, Thorold, ONTalitha Calder, BMO Capital Markets Loran scholarWC Miller Collegiate, Altona, MBSophie CôtéCollège François-Xavier-Garneau, Quebec, QCJuliette Dupré, BMO Capital Markets Loran scholarLester B. Pearson UWC, St. Lawrence, NLEllie Jin, BMO Capital Markets Loran scholarSt. Elizabeth CHS, North York, ONAlison Lee, Redknee Loran scholarMarc Garneau CI, North York, ONMarin MacLeod, Young Fund Loran scholarNorthumberland RHS, Pictou County, NSJessica McCuaigPeterborough C&VI, Peterborough, ON

Meagan McLavishLindsay Thurber HS, Red Deer, ABDivya PahwaWalter Murray CI, Saskatoon, SKLindsey RichardsonSummerland SS, Summerland, BCAlexandra SchwabeLo-Ellen Park SS, Sudbury, ONFeodor Snagovsky, KPMG Loran scholarWL Mackenzie King Collegiate, North York, ONRyan Thom, BMO Loran scholarSir Winston Churchill SS, Vancouver, BCJustine Zwicker, Dominion Loran scholarLockview HS, Fletcher’s Lake, NS

For the past 12 years, The W. Garfield Weston Foundation has funded 15 new Weston Loran scholars annually.

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PROFILE : WENDY REBANKS

One of our longest-serving and most dedicated volunteers, Wendy Rebanks has served as a trustee and director of CMSF for the past 13 years. Wendy first became involved with CMSF when The W. Garfield Weston Foundation, of which she is treasurer, became the principal supporter of the awards. Since 1998, the foundation has funded 15 new Weston Loran scholars annually, as well as several hundred one-time finalist and provincial awards.

Wendy brings significant expertise to the board of CMSF, having served as a director or trustee of several companies and charities, including George Weston Ltd, a company founded by her grandfather in 1882. She is an honorary trustee of the Royal Ontario Museum and the American Museum Trustee Association.

Wendy believes strongly in the importance of education and the rigourous approach CMSF takes to selecting scholars. “The interview experience itself can be education-al, especially when the interviewers are able to bring out things that the candidates haven’t thought of themselves,” she says. “It is a great opportunity to reflect on their strengths and weaknesses. There is value, too, in meeting others of their own age group who are also trying to do their best in their own way.”

Wendy served as a mentor to 1998 Loran scholar Emma Lyndon and also serves on the academic committee, a group of volunteers who convene annually to consider requests from the scholars to renew their awards. “The renewal process encourages them to keep their effort up, to maintain their marks and commitment to the community. It challenges and reminds the scholars to strive to live up to the expecta-tions of the committee members who selected them.”

It is very encouraging to meet such self-motivated people. It gives me hope both for their future and the future of Canada.

Wendy Rebanks

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UNIVERSITY PARTNERSHIP

CMSF’s partnership with leading Canadian universities distinguishes the Loran Award from all other scholarships in Canada. Our partner universities demonstrate their trust in our selection process by waiving tuition for Loran scholars, and they join us in stewarding scholars throughout their undergraduate studies by choosing a staff member who serves as an adviser on campus. Universities with a significant number of Loran scholars on campus also occasionally host receptions for past and present scholars, volunteers, mentors and supporters.

BCSimon Fraser UniversityUniversity of British ColumbiaUniversity of Victoria

PrairiesUniversity of AlbertaUniversity of CalgaryUniversity of ManitobaUniversity of Saskatchewan

OntarioMcMaster UniversityQueen’s UniversityUniversity of GuelphUniversity of OttawaUniversity of TorontoUniversity of WaterlooUniversity of Western Ontario York University

QuebecMcGill UniversityUniversité LavalUniversité de Montréal

Atlantic CanadaDalhousie UniversityMemorial UniversityMount Allison UniversityUniversité de MonctonUniversity of King’s CollegeUniversity of New Brunswick

Over the past two decades, I have seen the Loran Awards grow from a good idea into a vital national investment in young people who demonstrate integrity, entrepreneurial energy and commitment to serving their communities. The way the foundation works to foster each student’s leadership potential through mentorship, challenge and opportunities to broaden one’s perspective is particularly noteworthy. We are proud to be a long-term partner with the foundation in providing an excellent Canadian option for these young people.

Tom Traves, president, Dalhousie University

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m e n t o r i n gOur network of donors, alumni and volunteers continues to be one of our greatest assets. The one-on-one mentorship program now includes 110 mentors. Mentors commit to sharing their experiences and networks with the scholars and also act as role models and advisors. New this year, we have recruited longtime volunteers as senior fellows, starting with founding trustees Bob Cluett in Kingston and Kim Echlin in Toronto. Senior fellows host annual dinners to introduce and foster connections between the mentors and scholars in the area.

A COUPLE OF OUR MENTORS

A third-year student at Dalhousie, Julia Hiscock (Weston Loran scholar ‘07) was matched with Erika Burger (Loran scholar ‘91). Erika, who is currently a PhD student at Dalhousie University, was most recently coordinator of HIV/AIDS programs for the Atlantic Centre for Excellence in Women’s Health. Drawing on her academic and work experience with HIV/AIDS, Erika was able to provide Julia with helpful advice when she was planning her service project in Tanzania.

Jonathan Holmes (Loran scholar ‘07), a political science student at University of Ottawa, was paired with longtime volunteer Chantal Tie. Chantal primarily practices immigration and refugee law at South Ottawa Community Legal Services. She also teaches law at University of Ottawa. Chantal is past chair of the Court Challenges Progam of Canada and also serves as a technical advisor on the international develop-ment committee of the Canadian Bar Assocation.

Says Jonathan: “Without Chantal’s advice and connections, I wouldn’t have been able to intern with the Forum of Federations in Nepal and I wouldn’t have had access to the network of Canadians in Kathmandu.”

Jonathan Holmes & Chantal Tie.

Julia Hiscock and Erika Burger.

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MENTORS FOR THE CLASS OF 2008

James Appleyard, Chairman & COO, Artez Interactive, Toronto

Lydya Assayag, Director, Réseau québecois d’action pour la santé des femmes, Montréal

Janice Astbury, Senior Program Officer, J.W. McConnell Family Foundation, Montréal

Anne Catherine Bajard, Regional Director, Canadian Crossroads International, Vancouver

Darlene Bessey, Past President, YWCA Canada, Saskatoon

John Cawley, Senior Program Officer, J.W. McConnell Family Foundation, Montréal

Kevin Chan, Director of Policy, Office of the Leader of the Official Opposition, Ottawa

Owen Charters, Executive Director, CanadaHelps.org, Toronto

Sean Conway, Acting Vice-Principal, Advancement, Queen’s University, Kingston

Paul Dekar, founder, Centre for Peace Studies, McMaster University, Dundas, ON

Janet Dench, Executive Director, Canadian Council for Refugees, Montreal

Pearl Eliadis, human rights lawyer,Montreal

Michael Emes, Dean, College of Biological Science, University of Guelph, Guelph

Francine James (Loran scholar ‘94), consultant, Montréal

Richard Lessard, Director, Agence de la santé et des services sociaux de Montréal, Montréal

Miranda Morgan (Loran scholar ‘99), PhD student, University of Manchester

David Mosher, Research Scientist, Geological Survey of Canada, Halifax

Niall O’Dea, Policy Advisor to the Director, Air Emissions Priorities, Environment Canada, Ottawa

Meghan Roberts (Weston Loran scholar ‘98), Policy Advisor, Ministry of Culture, Government of Ontario, Toronto

Peter Robinson, CEO, David Suzuki Foundation, Vancouver

Jane Roy, Assistant Director, London Food Bank, London

Erin Steuter, Associate Professor, Sociology, Mount Allison University, Sackville

Joël Thibert (Weston Loran scholar ‘00), Urban Planner, Quartier international de Montréal, Montréal

Ian Thompson, Deputy Minister, Department of Economic & Rural Development, Government of Nova Scotia, Halifax

Martha J. Tory, Partner, Assurance & Advisory Business Services, Ernst & Young, Toronto

Manon Vennat, C.M., Principal, Manon Vennat & Associates, Montréal

Gary Warner, C.M., Retired Director, Arts & Sciences Program, McMaster University, Hamilton

Frances Westley, J.W. McConnell Chair in Social Innovation, University of Waterloo, Waterloo

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The summer program is meant to enrich the undergraduate experience for our scholars by encouraging constructive use of summers. Scholars have access to up to $7,500 and extensive networks to create three different summer internships. Staff work with scholars to develop objectives for each summer and also steward ongoing relationships with organizations that provide outstanding internship opportunities for Loran scholars.

1. An enterprise internship: scholars develop skills in a business environment. Scholars learn about profit-making ventures and lead-ership in the business world. For example, 2007 Weston Loran scholar Sophia Lu interned as an analyst with BMO Capital Markets and 2007 Weston Loran scholar Kathryn Dingle secured an internship at Mongolia International Capital Corporation in Ulaanbaatar.

2. A public policy internship: scholars gain expe-rience with Canada’s policy-making process in its partisan or non-partisan forms. Whether they work for a government department, NGO or a political party, scholars are exposed to some of the people and institutions that influence public policy in Canada. For example, 2006 Weston Loran scholar Caroline Crawford (pictured top right) interned at the Business Council of Manitoba and the Treasury Board of Manitoba.

3. An opportunity for personal and/or community development. In Canada or abroad, scholars work or volunteer on projects that take them outside of their academic and personal comfort zones. For example, 2008 Weston Loran scholar Adam Fearnall (pictured bottom right) spent 10 weeks in a fly-in Aboriginal community in Northern Ontario, where he helped to deliver a literacy program through Frontier College.

s u m m e r p r o g r a m

“Caroline is an engaging, bright and wise young woman. She effectively accommodated to our work environment and contributed to every aspect of what we do. She left with friends and admirers in every case.”

Jim Carr, President & CEO, Business Council of Manitoba

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PROFILE : KYLA BROPHY

When the summer program was started fifteen years ago, its goal was to encourage Loran scholars to complement their academic studies with opportunities for service and work expericences. Over the past three years, Kyla Brophy (BMO Loran scholar ’06) has certainly done so.

A fourth-year student at UBC, Kyla is active on campus as a student reprensentative for political science and international relations, principal alto sax in the UBC Concert Winds and as a peer leader with the university’s emerging leaders’ program. She also served as secretary for the Vancouver Rotaract club. She recently interned at Canada’s World and the Liu Institute for Global Studies.

Kyla spent her first summer teaching and working with two dozen boys at the Emmanuel Centre for Street Children in Moshi, Tanzania, near Mt. Kilimanjaro. For Kyla, it was an excellent opportunity to learn Swahili, learn about overseas volunteer placements and develop a better understanding of the challenges facing women in the local economy.

During her enterprise summer, Kyla worked for Cypress Park Productions, a docu-mentary and dramatic film and television company in Vancouver. She assisted with research, funding proposals and learned about the film industry. Building on her previous experience in Tanzania, Kyla also produced a children’s book.

Kyla’s mentor, Shauna Sylvester, organized a meeting between Kyla and The Hon. Landon Pearson. For her public policy summer, Kyla moved to Ottawa to intern at the Landon Pearson Centre for Children’s Rights and the First Nations Child and Family Caring Society. Kyla researched Aboriginal policy and the Convention on the Rights of the Child.

My summer experiences as a Loran scholar have been integral in shaping my undergraduate experiences and career aspirations. They have offered opportunities to deepen my understanding of academic material through applying my knowledge to relevant, real-world situations.

Kyla Brophy

The Hon. Landon Pearson and Kyla Brophy.

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As our community of scholars, donors and volunteers grows, we want to provide opportu-nities for our family to come together. To that end, we host a retreat for all current Loran scholars on the second-last weekend of August every year. We also hold a scholar forum coincident with national selections and our university partners co-host events for past and present scholars, volunteers and supporters. New this year, we launched an online space for past and present scholars at www.loranscholar.ca.

The scholars’ retreat was a tradition in the early years of the program, when scholars would gather in Prince Edward County. Since the scholars study at universities throughout Canada, the retreat is an excellent opportunity for them to re-connect and build new friendships.

With the generous support of our donors, we were able to extend the retreat from three to four days, which provided time for several workshops. Topics included service learning abroad, effective and responsible networking, and Canada’s role in the world. Scholars also had the opportunity to participate in a traditional Aboriginal talking circle.

Staff led a discussion about expectations for the mentoring and summer programs, drawing on the experiences of the scholars who had just returned from their public policy, enterprise and personal/community development summers.

a communi ty o f scho lars

Loran scholars from the classes of 2005, 2006, 2007 and 2008, along with founding CEO Bob Cluett and current CEO Franca Gucciardi, at the scholars’ retreat at Crieff Hills Retreat Centre in Puslinch, Ontario.

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Our incoming and graduating scholars gathered during national selections weekend in February to assist with interviews and participate in a scholar forum. First-year scholars participated in two sessions: one on taking on leadership roles in the community and one on understanding the factors contributing to poverty.

The fourth-year scholars attended a presentation by a panel of past Loran scholars on the transition from undergraduate studies. Moderated by Erin Eacott (‘93), the panel featured Christina Campisi (‘99), Francine James (‘94), Meghan Roberts (‘98) and Warren Tranquada (‘92). The afternoon included scholar-to-scholar presentations on their summer experiences as well as a slide presentation by founding CEO Bob Cluett about his time serving at a Coast Guard LORAN station in Greenland.

In the evening, we gathered for a special dinner to celebrate the 20th anniversary of selecting Loran scholars. David Crombie, a founding trustee and chair of our national selections from 1990-2000, gave the keynote address about key aspects of lead-ership: vision, courage to act, integrity and commitment to others. We also premiered a video about the history and purpose of the Loran Awards, which is available at www.loranaward.ca/video.

Throughout the year our university partners co-hosted receptions for scholars. Thank you to principal Tom Williams, deputy provost Morton Mendelson, vice-provost John Doerksen, presidents Allan Rock, Peter George, Robert Campbell, and Tom Traves, and their respective staff, for co-hosting receptions. The receptions are wonderful ways of convening the extended Loran Awards family and introducing new people to the cause.

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1988: CMSF is inaugurated on December 28, 1988.

milestones

1992: CMSF extends its reach nationwide.

1993: Committee on Academic Policy established.

July 1993: Loran Scholars’ Association is inaugurated.

1994: CMSF starts a direct applicant pool.

1994: Summer program begins.

June 1996: Bob Cluett is awarded an honorary doctorate from York University for his work with CMSF.

1998: With the support of the The W. Garfield Weston Foundation, CMSF doubles the number of awards offered. 2004: For the first time, a

Loran scholar becomes CEO of CMSF.

2007: CMSF completes a survey of all of its past Loran scholars.

2006: CMSF re-launches annual scholars' retreat.

2008: CMSF establishes Tomorrow Fund endowment.

8 21 32 80 136 194 285 388 531 678 818 983 1144 1312 1619 1729 1839 1949 2059 2169

1990 2009Award Value: $2500/year+ tuition waiver

Number of applicants: 54

Award Value: $8,000/year + tuition waiver

+ summer and mentoring program+ scholar gatherings

Number of applicants: 3,172

19891988 1990 1991 1992 1993 1994 1995 1996 1997 19991998 2000 2001 2002 2003 2004 2005 2006 2007 2008

CANADIAN MERIT SCHOLARSHIP FOUNDATION

Number of Loran Awards per year: 4 Number of Loran Awards per year: 30

2004: CMSF launches mentorship program.

Number of past and present Loran scholars: 4 Number of past and present Loran scholars: 392

Toronto, Montreal, Ottawa

Halifax Hamilton, London, Thunder Bay

Vancouver, Calgary

Saskatoon, Quebec City, Saint John, Saint John’s, Winnipeg, Halifax, Charlottetown

Victoria, Edmonton Sudbury, Kingston

REGIONAL COMMITTEES:

University of Victoria

Dalhousie

UBC, University of Calgary, Laval, University of Manitoba, University of New Brunswick, Queen’s, UWO

University of Alberta, Memorial University

University of Saskatchewan, Mount Allison University, Université de Montréal, Simon Fraser University, University of Guelph, University of Moncton, University of Ottawa, University of King’s College

York, U of T, Waterloo, McMaster, McGill

UNIVERSITY PARTNERSHIPS:

expansion of the selection system:

beneficiaries of money awards (cumulative):

Kelowna

Number of participating high schools & CEGEPs: 83 Number of participating high schools & CEGEPs: 1,270

1990: First class of Loran scholars.

November 1989: CMSF holds it first annual fundraising initiative - the winetasting – an event that has been held in each of its 20 years.

2009 a n n u a l r e p o r t | 19

1988: CMSF is inaugurated on December 28, 1988.

milestones

1992: CMSF extends its reach nationwide.

1993: Committee on Academic Policy established.

July 1993: Loran Scholars’ Association is inaugurated.

1994: CMSF starts a direct applicant pool.

1994: Summer program begins.

June 1996: Bob Cluett is awarded an honorary doctorate from York University for his work with CMSF.

1998: With the support of the The W. Garfield Weston Foundation, CMSF doubles the number of awards offered. 2004: For the first time, a

Loran scholar becomes CEO of CMSF.

2007: CMSF completes a survey of all of its past Loran scholars.

2006: CMSF re-launches annual scholars' retreat.

2008: CMSF establishes Tomorrow Fund endowment.

8 21 32 80 136 194 285 388 531 678 818 983 1144 1312 1619 1729 1839 1949 2059 2169

1990 2009Award Value: $2500/year+ tuition waiver

Number of applicants: 54

Award Value: $8,000/year + tuition waiver

+ summer and mentoring program+ scholar gatherings

Number of applicants: 3,172

19891988 1990 1991 1992 1993 1994 1995 1996 1997 19991998 2000 2001 2002 2003 2004 2005 2006 2007 2008

CANADIAN MERIT SCHOLARSHIP FOUNDATION

Number of Loran Awards per year: 4 Number of Loran Awards per year: 30

2004: CMSF launches mentorship program.

Number of past and present Loran scholars: 4 Number of past and present Loran scholars: 392

Toronto, Montreal, Ottawa

Halifax Hamilton, London, Thunder Bay

Vancouver, Calgary

Saskatoon, Quebec City, Saint John, Saint John’s, Winnipeg, Halifax, Charlottetown

Victoria, Edmonton Sudbury, Kingston

REGIONAL COMMITTEES:

University of Victoria

Dalhousie

UBC, University of Calgary, Laval, University of Manitoba, University of New Brunswick, Queen’s, UWO

University of Alberta, Memorial University

University of Saskatchewan, Mount Allison University, Université de Montréal, Simon Fraser University, University of Guelph, University of Moncton, University of Ottawa, University of King’s College

York, U of T, Waterloo, McMaster, McGill

UNIVERSITY PARTNERSHIPS:

expansion of the selection system:

beneficiaries of money awards (cumulative):

Kelowna

Number of participating high schools & CEGEPs: 83 Number of participating high schools & CEGEPs: 1,270

1990: First class of Loran scholars.

November 1989: CMSF holds it first annual fundraising initiative - the winetasting – an event that has been held in each of its 20 years.

2009 a n n u a l r e p o r t | 20

Kariann AarupMegan AdamsAmanda AffonsoSachin AggarwalDorinne Ah-KamFrancoise AlbertJocelyn AllenBrent AllisonWarren Allmand

Teresa AlmAmy Andrews AlexanderJames AppleyardStephanie ArbezRuth ArmstrongLydya AssayagJanice AstburyTed AubutJill AxisaAnne Catherine BajardKarim BardeesyStephanie BarkerNicole BarrieauDebbie Barton-MooreTaraneh Bayat-MoktariMichel Bazinet

Claude BédardJoel BeliveauTeresa BennettVali BennettLiz BernsteinShona BertrandJocelyne Bérubé BoivinDarlene Bessey

Bridget BeswickMebrat BeyeneBenoit BisaillonRichard BockingPat BogstadYves BourgeoisLen BrandoliniGurpreet BrarRick BreenDawn BrittonAlan BroadbentPatrice BrodeurTim BrodheadElizabeth BronsonKyla BrophyAlec BrownKatherine BrownLyse BrunetErika BurgerDavid Burgess

Marc CabajKelsey CameronLindsay CameronRichard CampbellChristina CampisiAudrey CaralsonBrant CarsonScott CarsonSharon Carstairs

Wendy CecilAmy CervenanPauline ChampionKevin ChanMonique CharronOwen ChartersTameeza ChaturJerome ChomosJennifer ClarkJulie ClarkeLeslie CliffRobert CluettJoanne Coleman RobertsonRuth-Ann CompanionSean ConwayAline CoolDerek CoolChristine Corston

Stephen CouchmanLindsay CoulterPhilip CowperthwaiteBob CrawfordPurdy CrawfordDavid CrombieRuth daCostaKit DalaroySteven DangJack DarvillePatrick DavidBryan DaviesElaine DaviesSheelagh DavisPhil DeanAnnabelle DeGouveiaPaul DekarRose-May DemoreJanet DenchDonald DennieJean DennieBrian DesbiensDavid DibbonLauren DobellChris DobrzanskiScott DuchesnePeter DueckWendy DuffMartin DumasRyan DunnCarly DunsterKim DupréLinda DupuisScott DuschesneErin EacottKim EchlinHeather EdwardsLyle EideSusan EidePearl EliadisMichael EmesRobert Enright

v o l u n t e e r s

2009 a n n u a l r e p o r t | 21

PROFILE : PURDY CRAWFORD

Purdy Crawford served on CMSF’s board of directors because he believes in investing in young people who show potential as leaders. “A young person’s quality and potential for leadership cannot be found solely in their resume or transcript. The Loran Award selection process considers not just what a person has done but what they may be able to do – a subtle, but crucial, difference.”

A native of Five Islands, Nova Scotia, Mr. Crawford is counsel at Osler, Hoskin and Harcourt. Recently, he has been leading a committee charged with restructuring the market for asset-backed commercial paper. He served for ten years as CEO of Imasco and is a director of several major Canadian companies. In 2007, he was promoted to Companion of the Order of Canada.

Mr. Crawford is a longstanding champion of higher education. Chancellor Emeritus of Mount Allison University, he has served on the boards of McGill and Waterloo, the students of which continue to benefit from his philanthropy and work as a fundraiser.

Ron EvansPaul FaheyDoug FergusonJanice FilmonMary Ann FinnElizabeth FordSonja ForstnerCatherine FowlerGraham FoxPeter FramptonDanielle FrancisAnne FraserKyle Fraser

David FriesenVirginia FromanRick FrostNathalie GagnonRebecca GatesJulie GibsonMark GiffordPatricia GloudonNicki GlowackiChristopher GodsallJane GoodTam GoossenDouglas Grant

James GrayJerry GrayLoree GrayColwyn GriffithKelly GrindrodWojciech GrycBill GuestLuther HaaveTerry HaggertyFrederick HallLouise HamelGraeme HamiltonLucy Hanes Chatham

Rick HarcourtPatricia HarrisLucia HarrisonGerard HeffernanAndrew HeintzmanCheryl HeinzlMary HeiszMeghan HenryDonnella HoffmanKaren HoffmannLaura HoganMaureen HoganGloria Howard

Volunteers continued

I am proud to contribute time and money to support the Loran Awards. The near-term record of Loran scholars is excellent and I expect the long-term returns of investing in these students to be even better.

Purdy Crawford

2009 a n n u a l r e p o r t | 22

Jill HowellElise HugMichelle HurtubiseAndrea Iaboni Yaacov IlandChristopher InnesPatricia IrvingNicole Israel

Tim JacksonFrancine JamesEd JerniganGinette JeudyMichael JohnstonPatrick JohnstonCraig JonesJudy JunorJohn KeuperEkta KhemaniCandace KielbiskiMyles KitigawaSara KnowlesMarlaine KoehlerJustin KohlmanNick KontogeorgopoulosAmy-Lee KouwenbergKapil LakhotiaPaul LarocqueSylvie LauzonTamara LearyLorraine LeblancMarie Leblanc-KerrJohn LennoxRichard LessardLeah Levac

Christopher LiWendy LillAbby LippmanBen LiuGaetan LussierEmma LyndonGillian Lynne-DaviesRoderick Macdonald

Sandra MacGillivrayRoderick MacLennanPeter MacleodLarry MahRoopen MajithiaMargaret-Jean MannixAnn MartellJaymie MatthewsJudy MatthewsAlexander MazerDonald MazerRosemarie McCleanBarbara McDougallHelen McEvoyDesiree McGrawJessa McGregorMary McIntoshKhaleelah McKnightHelen McLeanChristy McLeodRay McNeilSarah MelvinThomas MengelSarah MichaelAndy MillsSam Minniti

Eliza MitchellUsha MittooMary MoranMiranda MorganWilliam MorneauWilliam MorrisDavid MosherShree Mulay

Natalie MurynByron NeilesJenifer NewcombeJ. NeysmithKent NicholsonLaura NicholsonMary NicholsonTerry NickersonMartha NixonDonna NoonanDaryl NovakWesley NovotnyNiall O’DeaBarbara OatesVivienne OjalaTerry OwenSevaun PalvetzianKim ParleeGilles PatrySandra PattersonLianne PaturelMartin PearceLaura-Julie PerreaultAnn PetersJohn PhillipsTara Phillips

VOLUNTEERS cont inued

2009 a n n u a l r e p o r t | 23

Craig PhoJack PinderStephane PlanteLawrie PollardRichard PowersSue PozakGail PrasadDeborah PrestonChristian RagusichDeepak RamachandranOnalee RandellWendy RebanksJasmine ReddekoppMerike RemmelGrant ReuberBill RichardNada RistichJean RobertJoy RobertsMeghan RobertsReynold RobertsonPeter RobicPeter RobinsonRyan RodriguesSue Romyn

Richard RooneyCheryl RoseJane RounthwaiteKate RounthwaiteDominique RouthierAnthea RoweJane RoyRudy RuttimannDavid Sandomierski

Natasha SawhSusan ScaceMark SchaanVicki SchmolkaAlbert SchultzGail ScottGen ScottRudy SedlakMark SelbyBruce SeligmanJane SexsmithTillie ShusterLucas SkoczkowskiMalcolm SmithMichael SmithJerry SpiegelAndrea StackJames StauchKen SteeleKim SteeleErin SteuterJayne StoylesJudy StymestLynn SullyShauna Sylvester

Lyn TaitGreg TallonAmy TanKaren TannerCarolyn TaylorJoël ThibertPatricia ThielDavid ThompsonIan Thompson

Chantal TieMartha ToryWarren TranquadaBeatrice Traub-WernerMoreen TremblayLinda TunneyAlex UsherBeth VaderValerie ValiulisTony ValleJohn van NostrandRyan Van WertKathy VandergriftJoshua VanwyckManon VennatNancy VoganJoe VorstermansKevin WallerKevin WamsleyGary WarnerMadina WasugeSheila Watt-CloutierBelinda WebbKate WelwoodFrances Westley

W. Galen WestonJames WilsonKaren WilsonPeter WongFred WrightArash YazdaniElizabeth YeoBeverley YoungPierre Zundel

2009 a n n u a l r e p o r t | 24

CORPORATE AND FOUNDATION ANNUAL GIVING ( f rom 1 May 2008 to 30 Apri l 2009)

Since our earliest days, CMSF has benefited from the support of Canadian corporations and foundations that believe in our vision of investing signficantly in young people who demonstrate character, service and leadership potential. We thank the donors recognized below for their support.

Pr inc ipa l Suppor te r - $1 ,000 ,000+

Sponsor of 15 new Weston Loran Awards annually & exclusive sponsor of the Garfield Weston Awards for outstanding college students.

Majo r Suppor te rs - $150 ,000-$499 ,999

Assoc ia te Suppor te rs - $75 ,000-$149 ,999

The Michael Young Family Foundation

Pr inc ipa l Benefacto rs - $50 ,000-$74 ,999

Morrison Foundation

which provides pro bono legal services

2009 a n n u a l r e p o r t | 25

Pr imary Benefacto rs - $25 ,000-$49 ,999

Avana Capital Corporation Scotiabank

Majo r Benefacto rs - $10 ,000-$24 ,999

Anonymous donor Association of Loran AlumniBurns Family Fund at Winnipeg Foundation Burgundy Asset Management Ltd.Deloitte & Touche Foundation Friends of Canadian Education Friesens Corporation Future Leaders FundGreat-West Life, London Life, Canada Life NexenThe Henry White Kinnear Foundation Suncor Energy FoundationWestJet

Benefacto rs - $5 ,000-$9 ,999

E.W. Bickle Foundation JPMorgan Chase

Majo r Donors - up to $4 ,999

BMO Employee Charitable Foundation College of Biological Science, University of Guelph Enbridge Gas Distribution Inc. Edge ImagingLoran Scholars’ Association Manitoba’s Credit UnionsMicrosoft Corporation PKF Hill LLPR.H. McCrae Charitable Foundation Robertson Stromberg LLPThe TaligentGroup Tait & Pirquet Consulting Services United Way of Greater Toronto Vancity Community Foundation

We need leaders in every domain and every organization, which is why BMO Capital Markets is a proud supporter of the Loran Awards. Through our Equity Through Education initiative, we have invested $950,000 in a diverse group of scholars, all of whom show potential as leaders. Eric Tripp, Co-President, BMO Capital Markets

2009 a n n u a l r e p o r t | 26

INDIVIDUAL ANNUAL GIVING ( f rom 1 May 2008 to 30 Apr i l 2009)

We thank the individuals listed below for their financial contributions in support of our mission. The number in brackets denotes the year a scholar was selected; A denotes a donor who also gave travel miles to mitigate the costs of national selections.

Founders ’ C i rc le - $75 ,000+

Estate of Ora Adeline Abraham Craig CasgrainNancy & Bob Young

Founders ’ C i rc le - $25 ,000-$75 ,000

James Appleyard & Tamara Rebanks Cathy & John PhillipsDonald & Fay Simmonds Robert & Louise Simmonds

Founders ’ C i rc le - $10 ,000-$24 ,999

Anonymous Wendy M. CecilBob Cluett Craig Pho & Mireille MoorsA

Wendy & Leslie Rebanks Richard RooneyFred Wright

Chai r ’s C i rc le - $5 ,000-$9 ,999

Bryan P. DaviesA Rod MacLennanWilliam Morneau Rudy NorthHeinz & Margaret Rieger Lucas SkoczkowskiA (‘92) & Erica Wong

Chai r ’s C i rc le - $2 ,500-$4 ,999

Douglas Grant Mary Ann FinnFranca GucciardiA (‘90) & Alex Usher L.O. PollardRichard Powers Quynh-Thuyen Tan (‘92)

2009 a n n u a l r e p o r t | 27

Execut ive D i rec to r ’s C i rc le - $1 ,000-$2 ,499

Gail Asper & Michael Paterson Jeff Baryshnik (‘98)Patrick David (‘99) & Michael Smith Elaine DaviesAlan T. Dickson Michael Douglas (‘99)Paul Fahey Virginia FromanRobert Korthals Sandra (‘95) & Rodney MacGillivrayRosemarie & Don McClean Klara MichalA (‘97) Bill & Betty Morris Richard PhillipsShayan Rahnama (‘01) Reza Satchu & Marian AnnauMark Schaan (‘97) Lionel & Carol SchipperRudy & Tara Sedlak (‘97) Julia West & Richard Wernham

Execut ive D i rec to r ’s C i rc le - $500-$999

3 anonymous donors Alison & David AppleyardPatricia Arroyo (‘92) Marjorie & Morley BlanksteinPierre Boudreault Gurpreet Brar (‘00)Robert Chipman Jennifer ClarkPurdy & Bea Crawford Ruth daCostaJack Darville Brian DesbiensCatherine Fowler Marianne Hawkins (‘93)Kosar Khwaja (‘94) Michael LaineChristopher Li (‘93) Gaëtan LussierMargaret MacMillan Sarah Michael (‘93)Terry Nickerson Roger & Claire Ouseley Kim Parlee Gilles PatryStephen & Jansi Pereira Chantal TieWarren TranquadaA (‘92) Karen WilsonKathleen Wynne & Jane Rounthwaite

2009 a n n u a l r e p o r t | 28

PROFILE : GURPREET S . BRAR

Gurpreet Brar (Weston Loran scholar ‘00) had never considered studying outside his hometown before being selected as a Weston Loran scholar. Given the opportunity to choose the best university and program for him, he chose commerce at McGill University and moved from Winnipeg to Montreal.

At McGill, Gurpreet taught a section of an organizational behaviour course and served as involvement coordinator for the student union. In third-year, he interned at the US Consulate General in Montreal while enrolled in a full course load. He worked the following summer at the Canadian Embassy in Washington.

“The foundation’s encouragement of Loran scholars to take meaningful risks and follow unconventional paths is what makes the organization distinctive,” he says. “It was a huge boost to my confidence that a group of community leaders, and in my case the Weston family as well, believed in my potential for leadership.”

Returning to Winnipeg, Gurpreet worked for three years in business planning and strategy for CanWest Global. At 27, he took on the role of Assistant Vice-President at PricewaterhouseCoopers Corporate Finance, where he works with companies on ac-quisitions, divestitures and raising capital. He also helps companies, governments and non-profits develop strategic and business plans.

In the community, Gurpreet serves on the board of the United Way Winnipeg’s GenNext Council and the Manitoba Chambers of Commerce. Previously, he was a director of the local chapter of the Network of Indian Professionals of North America and volunteered as a basketball coach.

Gurpreet served as coordinator of the Loran Alumni Association from 2006-2008 and as a director of the foundation for the past two years. He is also a donor.

The foundation had a tremendous impact on my development, both personally and professionally – it has opened up a world of opportunities for me and provided invaluable mentorship along the way. Being a donor and serving as the coordinator of the alumni association are two small ways for me to give back.

Gurpreet S. Brar

2009 a n n u a l r e p o r t | 29

Scho la rs ’ C i rc le ($250-$499)

Anonymous John & Rose AndrachukElizabeth Bronson Clive CaldwellRay Cantwell (‘98) Greig ClarkChris Cowperthwaite (‘99) Melanie Derynck (‘02)James Downey Pearl EliadisThe Hon. Lorraine Gotlib Wojciech Gryc (‘04)Adina & Jesse Helmer Janelle Joseph (‘97)Heather Kerr (‘96) John LennoxEmma Lyndon (‘98) Lauren Phillips (‘99)Jane Rowland Jennifer Speakman & David ThompsonAndra Takacs Amy Tan (‘96)Dale Varney Chuk WongCornell C.V. Wright

Scho la rs ’ C i rc le (up to $249)

Anonymous In honour of Ora Adeline Abraham Susanne Annand Stéphanie Arbez (‘01)Ruth Armstrong Zoë Barrett-Wood (‘06)Lori Bassarab Shona BertrandRick Bhullar (‘00) Kate BoyleKatherine Brown Brant Carson (‘99)Corey Centen (‘03) Danielle Chahine (‘98)Robert Chatelain (‘01) Tameeza ChaturCalee Comstock (‘98) Aline CoolDon & Michael Currie (‘05) Amy Cervenan (‘99)Michelle Dagnino (‘98) Rebecca Davis (‘00)Annabelle DeGouveia Kathryn Dingle (‘07)Kelly Doctor (‘99) Hammond DuganPatrick Duncan (‘06) Ryan DunnKaitlin Dupuis (‘02) Kim EchlinAnnamaria Enenajor (‘02) Akin Famuyide (‘04)Danica Fisher (‘98) Glenn FraserJane Good Frederick HallEmma Hapke (‘03) Robert HarrisMeghan Henry Laura Hogan (‘99)Jonathan Holmes (‘07) Susan HunterAndrea Iaboni (‘94) Yaacov Iland (‘97)Kunaal Jindal (’01)

2009 a n n u a l r e p o r t | 30

Scho la rs ’ C i rc le (up to $249 , cont ’d )

Charlotte Jones Shannon Jorgensen (‘00)Sean Junor Adam Kavanagh (‘07)Sarah Knowles (‘98) Amy-Lee Kouwenberg (‘01) Kien Lamson (‘05) Alvin A. LeeMarie-Christine Leps Janet LewisWilliam Little John, Suzanne, Michael & David Lussier (‘06)Mandeep Mahal (‘05) Lynne Martin Maria Maute (‘06) Barbara McDougallRay McNeil Matto Mildenberger (‘03)Melissa Moi Ron Novotny

Kara O’Brien (‘01) Kevin O’RiellyTed O’Sullivan Natalie Parks (‘03)Glen Pearce Konnie PeetNeil Peet (‘04) Aimee Pelletier (‘00)Ann Peters Jim & Sharon PhillipsTara Phillips (‘96) Shawn Potter (‘06)Brandi Read (‘98) Matthew Reid (‘05)In honour of George Roter Natasha SawhVicki Schmolka Gail ScottRoberta Seed Japteg Singh (‘07)Graham Smith (‘05) Heather SprattStephanie Subject (‘04) Mary Lea & Ron SwitzerJudith Suke (‘99) Kailea Switzer (‘04)Shauna Sylvester François Tanguay-Renaud (‘98)Joël Thibert (‘00) Ryan Van Wert (‘98)

2009 a n n u a l r e p o r t | 31

Audited financial statements are available on our web site at www.loranaward.ca. Below is summarized financial information for the year ended April 30, 2009.

ASSETS 2009 2008

Current assets $723,976 $361,172

Investments $2,744,514 $2,612,790

Furniture and Equipment $5,668 $7,085

$3,474,158 $2,981,047

L IAB IL IT IES AND NET ASSETS

Current liabilities $113,565 $105,867

Deferred contributions $1,603,234 $1,355,139

Assets invested in furniture and equip. $5,668 $7,085

Tomorrow Fund

Externally restricted endowment $15,789 -

Internally restricted endowment $403,398 -

Cumulative net unrealized losses on available for sale financial assets $17,185 -

Unrestricted net assets

Cumulative excess of revenue over expenses $1,308,352 $1,526,934

Cumulative net unrealized losses on available for sale financial assets $6,967 ($13,978)

$3,474,158 $2,981,047

O U R N U M B E R SIn 2008-2009, over 230 volunteers assessed over 3,300 applications and interviewed 330 students in 21 cities. Our 241 donors provided funds for 110 Loran Awards, 68 new entrance awards and 67 summer projects in 16 countries on four continents. We increased the number of mentors to 110. We graduated our 16th class to a total of 276 alumni.

2009 a n n u a l r e p o r t | 32

INCOME (Lo ran Awards) 2009 2008

The W. Garfield Weston Foundation donations $882,726 $895,664

Donations from corporations $699,783 $581,589

Donations from foundations $50,188 $54,523

Donations from individuals $192,532 $184,871

Interest and other income $74,161 $114,236

$1,889,389 $1,830,883

EXPENDITURES (Lo ran Awards)

Administration $211,177 $225,696

Communications and outreach $83,399 $74,684

Professional fees $7,750 $7,048

Selection & scholar stewardship $75,029 $80,374

Awards & grants $1,089,142 $1,101,535

Scholar retreat $33,929 $35,595

Summer grants and mentor program $215,564 $181,260

$1,715,990 $1,706,191

Excess (deficiency) of income over expenditures $183,399 $124,692

Note: Our partner universities waive tuition for Loran scholars. Total cost of $569,640 is based on the national average tuition of $4,747.

2009 a n n u a l r e p o r t | 33

INCOME (Lo ran Awards)

with tuition - see note, opposite page

EXPENDITURES (Lo ran Awards)

without tuition

with tuition - see note, opposite page

Weston Foundation 36%

Corporations 28%

Foundations 2%

Individuals 8%

Interest & other income 3%

Universities (Tuition) 23%

Awards & Grants 64%

Professional Fees 0.3%

Scholar Retreat 2%

Summer Grants & Mentor Program 13% Administration

12%

Communication & Outreach 5%

Selection & Scholar Stewardship 4%

Awards & Grants 48%

Selection & Scholar Stewardship 3%

Communication & Outreach 4%

Administration 9%

Tuition 25%

Summer Grants & Mentor Program 9%

Scholar Retreat 2%

Professional Fees 0.3%

2009 a n n u a l r e p o r t | 34

James Appleyard (Chair)Chairman & COO, Artez Interactive & Assistant Professor, Department of Management, U of T

Wendy M. CecilChairman & President, Brookmoor Enterprises

Patrick CroninExecutive Managing Director & Head, Financial Products, BMO Capital Markets

Ruth daCostaExecutive Director, Covenant House

Brian DesbiensPast President, Sir Sanford Fleming College

Franca Gucciardi (Loran scholar ’90)Executive Director & CEO, CMSF

Mary Ann Finn (Treasurer)Partner, Deloitte & Touche

Rosemarie McCleanSenior Vice-President, Member Services, Ontario Teachers Pension Plan

Bill MorneauExecutive Chairman, Morneau Sobeco

Gilles PatryPast President, University of Ottawa

John Phillips (Past Chair)CEO, Klister Credit Corp.

Craig PhoSenior Vice-President, Burgundy Asset Management

Wendy RebanksTreasurer, The W. Garfield Weston Foundation

Susan ScacePresident, The Henry White Kinnear Foundation

Mark Schaan (Loran scholar ’97)Senior Policy Analyst, Industry Canada

Cornell C.V. WrightPartner, Torys LLP

Fred WrightPartner, Capital West Partners

Vali Bennett1 (Secretary)Director of Administration, Avana Capital Corporation

BOARD OF D IRECTORS & OFF ICERS

Executive Committee

James Appleyard (Chair), Ruth daCosta, Mary Ann Finn, Franca Gucciardi, John Phillips, Craig Pho

Audit Committee

Rosemarie McClean, John Phillips (Chair), Patrick Cronin

Investment Committee

Paul Fahey, Managing Director, Fixed Income, Aurion Capital Management (retired)

Bill Morris, CEO, Stewart Group

Craig Pho (Chair), Senior Vice-President, Burgundy Asset Management

Chuk Wong, Vice-President & Portfolio Manager, Goodman & Company

COMMITTEES

2009 a n n u a l r e p o r t | 35

STAFF

Franca Gucciardi (Loran scholar ’90)Executive Director & CEO416.646.2120, x222franca.gucciardi@cmsf.ca

Kate BoyleProgram Officer416.646.2120, x225kate.boyle@cmsf.ca

Priscilla ChenProgram Officer416.646.2120, x227priscilla.chen@cmsf.ca

Chris Cowperthwaite (Loran scholar ’99)Manager, Development & Alumni Relations416.646.2120, x223chris.cowperthwaite@cmsf.ca

Jesse HelmerManager, External Relations416.646.2120, x226jesse.helmer@cmsf.ca

Debjani Poddar (Loran scholar ‘05)Executive Assistant416.646.2120, x221debjani.poddar@cmsf.ca

Heather SprattDirector of Programs & Operations416.646.2120, x224heather.spratt@cmsf.ca

Myriam ThériaultProgram Officer416.646.2120, x231myriam.theriault@cmsf.ca

R. Alan Broadbent, C.M.Chair, Avana Capital Corporation

Robert CluettFounder of CMSF

David Crombie, P.C., O.C.Former Mayor of Toronto and Member of Parliament

Kim EchlinAuthor

David FriesenChairman, Friesens Corporation

J. Douglas GrantFounder, Sceptre Investment Counsel

James K. Gray, O.C.Founder, Canadian Hunter Exploration

Lucy Hanes ChathamChairman, The Morehead-Cain Foundation

Rod MacLennan, C.M.President, Tribune Holdings

Grant Reuber, O.C.Former COO, Bank of Montreal; former Chair, Canadian Deposit Insurance Corporation

W. Galen Weston, O.C.Chairman, George Weston Ltd

Karen E. WilsonSolicitor

HONOURARY COUNCIL

The Canadian Merit Scholarship Foundation 416.646.2120460 Richmond Street West 866.544.2673 (toll-free)Suite 502 416.646.0846 (fax)Toronto, ON M5V 1Y1 www.loranaward.ca

Charitable registration number: 855-132643-RR0001. We invite you to donate securely on-line at www.loranaward.ca/donate