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2016 Annual ReportNurture Your Passion | Build Our Community | Create A Legacy

Thunder Bay Community Foundation

Message from the President

2016 was a year of change and I am honoured to have such a hard working Board and incredibly generous and committed donors who joined with us to make a difference. We did a lot of heavy lifting in the areas of Finance, Governance and gifting.

As our portfolio approached the 10 million mark we determined it was time to review our investment options and we brought on Mawer Investment Management. (Look at the article in the Finance Section for the process). Mawer was founded in 1974 and has assets of over 40 billion. They also work with a large number of other Community Foundations.

The Finance Policies were updated, revamped and new ones were created to come in line with our Portfolio Management change. I want to thank Jim Symington and Ken Chase for the work they did on our Finance Policies including Allocating Investments and Disbursements. It was exciting and gratifying for staff and the Governance and Investment Committees to have their expertise (both men have a stellar financial backgrounds) and their input was welcome and invaluable. (Have a look at the report section on Built for Donors by Donors.)

Our Executive Director Bonnie Moore continues to work with charities bringing their special project needs to the attention of donors. Our donors have made a huge difference to many organizations including an investment of $50,000 to the 2016 Habitat for Humanity build. This challenge grant from an anonymous TBCF donor was instrumental in kick starting the fundraising effort of $50,000 more to complete the home on Finlayson Street for a special needs child and family of six.

The TBCF has become a real family endeavor for Kelly and me. I have thoroughly enjoyed my time on the Board. As I watched our donors come forward and create family funds Kelly and I decided to start the building process of our own and made the Kelly & George Badanai Family Fund Bursary. We also host the Grants Reception at Badanai Motors with the support of my work family and Neave our daughter has volunteered at the Receptions. This group extends to the Board, Alumni and donors. We gather regularly to celebrate our achievements at the Grants and Scholarship and Bursary Receptions; we connect through one on one discussions; commiserate at the Alumni and Donor Reception and do a lot of heavy lifting at Committee and Board Meetings. The TBCF family will continue to effect change in the lives of our fellow residents as we work together to build a legacy for our community in perpetuity.

Our donors Nurture their Passion, Build Our Community and Create a Legacy. All that we do is made possible by our donors. They create funds that reflect their passion for our community. Because of their largess and vision we are able to fund charity programs and projects that do so much for so many 365 days a year.

We are also able to give scholarships and bursaries to youth that make a difference for a life time. To the families who have left us Legacy Gifts in their wills, know we will work tirelessly to follow your wishes and dreams making sure our granting process continues to enrich and sustain our community.

-George Badanai

George Badanai with grant recipients

George Badanai with donor Sue Simonsen

George Badanai Opening the 2016 Grants Reception at Badanai Motors

1972$5,500 in grants are awarded

1971Foundation established with a

gift from Prue Morton



1975$6,881 in grants ar awarded.TBCF receives the proceeds

from the sale of the F.W Lawn Bowling Club

► ► ► ►

Stories

Diane Mitchell (Former Habitat for Humanity CEO), Hrycyshyn

family, Bonnie Moore (Thunder Bay Community Foundation Executive

Director)

HABITAT FOR HUMANITY REACHES GOALIn May, one of our generous donors challenged Habitat for Humanity to raise $50,000 by the end of June to match their donation of $50,000 to build a home for a very deserving Thunder Bay Family. The Hrycyshyn family’s dream of having an accessible home will come to fruition. This new home will allow Taisha Hyrcyshn’s oldest son, who is confined to a wheel chair to enjoy time with his mother and younger siblings in the comfort of their own home.

Thanks to the hard work of Diane Mitchell, her team at Habitat for Humanity and many very generous donors in our community, the goal was reached and then some. Habitat for Humanity rose to the challenge and raised $62,562. This initiative really brought out the love in the community another anonymous TBCF donation for over $5,000 that was added to the project’s funds. The Hrycyshyn family was overjoyed and joined Habitat for Humanity CEO Diane Mitchell and Thunder Bay Community Foundation Executive Director Bonnie Moore on July 8th to celebrate this great accomplishment.

TBCF Executive Director), Joanne Tomlinson (Harbour Youth Services

Executive Director), Lesley Bell(TBCF Trustee and Grants Committee

Chair) and George Badanai (TBCF President)

THANK YOU FROM HARBOUR YOUTH SERVICES’ EXECUTIVE DIRECTOR JOANNE TOMLINSON, 2016 GRANTS RECIPIENT REPRESENTATIVEOn behalf of all of us here today, I would like to extend a sincere thank you to our wonderful hosts this evening! I’m sure you would all agree that we have enjoyed this very warm and welcoming atmosphere, plus it’s given us all a chance to forget, for a little while, the rain and the dreary weather outside.

It is a great honor to be offered a few minutes to speak on behalf of the grant recipients this evening. I must say that for an introvert like me, public speaking is definitely NOT my favourite ‘gig’ in the world, but as you probably know, Bonnie & MJ can be very persuasive! So I’m here to give it a go!

Just looking around this room you can’t help but be struck by the number of amazing stories that make up the work that we collectively do for others in our community. The timing of these grant awards during the start of the Christmas season really amplifies and helps to

remind us of the importance of the work we do. It is humbling and a great reminder that we are surrounded by many, many individuals who care deeply about the health and wellbeing of our community.

Now we all know that the non-profit world is synonymous with grant writing. It’s something I’ve been doing for the past 14 years. Not always successfully. In fact, it’s often really hard. I’m sure a lot of you can relate. Since a good number of the grants we strive to get are from corporations or Foundations outside of our city, it can be very challenging to sell your non-profit’s story and convince funders to part with money. With that being said, we are very fortunate to have an entity like the TBCF working on our behalf to support community needs. And they do it so very well. They are very approachable, respond quickly to our questions, they facilitate information sessions so we know exactly what funds are available and how to apply for those funds and they do so with very little fanfare. And so by your most enthusiastic applause, (think Will Ferrell in Elf) could you please join me in showing your appreciation for the TBCF and their tremendous gift to our community!

-Joanne Tomlinson, Executive Director of Harbour Youth Services

1976$10,300 in grants are

awarded


awarded


awarded


awarded


awarded► ► ► ►

Scholarship Profiles

2016 Scholarship and Bursary Recipients

RECEPTIONOn June 15, 2016 at the Thunder Bay Art Gallery, the Board of Trustees, Donor and Friends of the Thunder Bay Community Foundation came together for the 2016 Scholarship and Bursary Reception. This event celebrates students from the Thunder Bay and the District of Thunder Bay academic achievements and community involvement. 21 students will received almost $70,000 in Scholarships and Bursaries this year. These students are great examples of what our community has to offer and they are our lasting legacy.

Hanna Dahl, 2016 Scholarship and Bursary Recipients’ Representative

“The evening was very successful. The students were a pleasure and very grateful. Our donors and board were thrilled to meet these very deserving individuals.

We know they will be successful in their futures” – Bonnie Moore, Executive Director

We would like to thank all those who attended including our donors and friends of the Foundation and the volunteers that came together to help make the evening special for our recipients, their loved ones, and our wonderful school representatives.

Mike Maher, Attorney with Buset and Partners LLP and a 2007 Recipient of the Joshua Dyke

Scholarship

Moving speeches were given by by Mike Maher, Attorney with Buset and Partners LLP and a 2007 Recipient of the Joshua Dyke Scholarship as well as Hanna Dahl of Nipigon-Red Rock District High School, a recipient of the Roy Seymour Rogers and Geraldine Ruth Rogers Scholarship.


awarded$75,200 in scholarships are

awarded


awardedThe Joshua Dyke Family

Scholarship is established


awarded $30,000 in scholarships are

awarded

1984$70,803 in grants

are awarded $66,400 in scholarships are awarded


awardedEdyth Mary Dyke leaves $1.1

million to TBCF in Estate

► ► ► ►

Paul Jasiura with Helen L. Dewar Scholarship recipients.

Marika Listemaa with Superior North EMS Leslie Vance recipients.

Cappy and Jim Cloquhoun (Donors) with Lesley Bell (Trustee and

Scholarhip and Bursary Chair) and Rod Morrison (Donor)

Bonnie Moore (TBCF Executive Director) with donors Pritam Lamba,

Kishore Sahkrani and Elizabeth Thomson

Scholarships and Bursaries

John A. McLean ScholarshipHannah Viau, Westgate CVI

Shirley H. & Meredith O. Nelson ScholarshipBrooke Grootenboer, Sir Winston Churchill CVI

Superior North EMS Lesley Vance BursaryChelsea Malakoff, Manitouwadge High SchoolKatie Plummer, Superior CVI Hannah Knudson, Superior CVI

Helen L. Dewar ScholarshipEmily Delaney, Hammarskjold High SchoolJoseph Wood, St. Ignatius High SchoolAnastasia MacDonald, St. Ignatius High School

Victor Stevenson Engineering ScholarshipNick Ivany, Hammarskjold High School

Victor Stevenson Aviation BursaryHaley Leclair, Marathon High School

Ross A Wilson ScholarshipKayla Mckee, Hammarskjold High SchoolAmber Ziebarth, Hammarskjold High School

Justice Ronald B. Lester Memorial BursaryCharity Mascotto, Geraldton Composite High SchoolLaniah Scott, Hammarskjold High School

The Arthur Widnall BursaryDevon Wanakamik, Superior CVI

Roy Seymour & Geraldine Ruth Rogers ScholarshipAndre Bourgeois, Manitouwadge High SchoolTaylor Hunter, Manitouwadge High SchoolJulie Ferguson, Marathon High SchoolJulie Jaculak, Marathon High SchoolHanna Dahl, Nipigon-Red Rock District High School

Silver Jubilee ScholarshipBrendan Phyllis

Ruth W. Black Memorial BursaryArop Jok

Art Warwick with Shirley H. & Meredith O. Nelson Scholarship

recipient.

Eugene Kotyk with Victor Stevenson Engineering Scholarship recipient.

Ken Chase with Ross A Wilson Scholarship recipients.

Susan Lester with Justice Ronald B. Lester Memorial Bursary recipients.

Susan Jones with Roy Seymour & Geraldine Ruth Rogers Scholarship

recipients.

Sue Simonsen with The Arthur Widnall Bursary recipient.

1986$41,120 in grants are awarded $70,700 in

scholarships are awarded. Mr. Arthur Widnall donates $111,000



awarded

1988Financial records for this year

are unavailable

1989Financial records for this year

are unavailable



awarded

► ► ► ►

GrantsThe Foundation would like to give a great big thank you to our wonderful marking committee who were presented with the challenge of reading each application, grading them and then discussing the final results. These remarkable individuals have one of the hardest tasks of any committee. It is daunting because at the end of the day, there is rarely enough money to cover all the applications.

This year, we gave out $146,735 through the granting progam, we received 83 applications for a total of $639,255.65 from a variety of charities all over Thunder Bay and the District of Thunder Bay. Our committee consisted of (pictured left-to-right): Evan Neufeld, Paul Jasiura (TBCF Trustee), Jordan Lester (TBCF Trustee), Julie Cleghorn, Lesley Bell (TBCF Trustee and Grants Committee Chair), and Tracie Smith.

Shirley & James Symington Family FundThunder Bay Boys and Girls Club

Christopher Jean Memorial Fund Shelter House

JSTS FundSt. James School - Emergency FundBlessings in a Back Pack for St. James School

Anonymous Habitat for Humanity 2016 House Build

Vancouver Community Foundation – Keith Lord Sport Foundation Fund P.R.O. Kids

Margaret & Arnold Westlake Foundation for the Arts FundThunder Bay Symphony Youth Orchestra - TBSYO 2017 Atikokan Tour

Harbour Youth Services of Thunder Bay - Art Attack - Part II

Ontario Endowment For Children and Youth in RecreationEvergreen A United Neighbourhood - EverYouth

Big Brothers Big Sisters - Hooked on Fishing

Hanna & Victor Stevenson Fund for Education and Arts Shelter House Thunder Bay - Through our Eyes in Four Seasons

Magnus Theatre Company Northwest Incorporated - Invisible Disabilities Project

Roots to Harvest - Expanding Classrooms

Habitat for Humanity receiving their grant from presenter Colin Bruce

Thunder Bay Boys and Girls Club receiving their grant from presenters

Jim and Shirley Symington

Big Brothers Big Sisters receiving their grant from presenter Julie

Cleghorn


awarded$24,000 in scholarships

are awarded



awarded



are awarded

1995$28,300 in grants

are awarded$22,000 in scholarships

are awardedRuth Black donates

$249,000



awarded

► ► ► ►

Grants

Victor Stevenson Aviation Heritage FundNorthwestern Ontario Aviation Heritage Centre

Dr. S. Penny Petrone FundShelter House Thunder Bay - Shelter House Community Garden

Thunder Bay & District Humane Society - Education and Employment Preparation Program

Dr.R.K. Dewar Medical Research Fund Thunder Bay Regional Health Sciences Foundation - Hospital Elder Life Program (HELP)

The Multiple Sclerosis Society - Lake Superior District - Event Promotional Equipment

Keri Chase Memorial Animal Welfare Fund Save Our Songbirds - McKellar Island Bird Observatory

Community Fund for Canada’s 150th Thunder Bay Art Gallery - 150 Northern Artists/150 Years

VIBE - 150 Reasons We Love Canada - Thunder Bay

FIXT POINT Arts and Media - The Living Archive - Thunder Bay District

Thunder Bay Community Foundation General FundHarbour Youth Services of Thunder Bay - Harbour Youth Kindness Club

Precious Bundles Children's Clothing Assistance Program - Year Round Socks, Underwear and Bottles for Children

Lakehead Social Planning Council - On the Road with 211

Our Kids Count - Take Back the Kitchen

Thunder Bay and Area Victim Services - Support Groups for Victims

Ontario Nature (Federation of Ontario Naturalists) - Citizen Science for the Cold Blooded

St. Thomas Anglican Church Family Giving Centre - ST. Thomas Church Family Giving Centre

The Coalition for Waverly Park - The Waverley Park Pavilion

Our Kids Count receiving their grant from presenter Paul Jasiura

Northwestern Ontario Aviation Heritage Centre receiving their grant

from presenter Maria Hudolin

Save Our Songbirds receiving their grant from presenter Diane Chase,

Keri Chase Foundation Board President

ST. Thomas Church Family Giving Centre receiving their grant from

presenter Jordan Lester

2000$63,000 in grants


are awardedAn anonymous donation of $157,000 is received

1999$40,000 in grants


are awarded

1997$36,000 in grants


are awardedDr. J.D. McIntosh leaves

$110,000 to TBCF

1998$77,300 in grants


are awardedRuth Black’s total

endowment reaches$866,000

1996$28,000 in grants


are awardedRuth Black leaves $497,000 to TBCF

in her estate

► ► ► ►

Donors

Lesley Bell and Rod Morrison Family FundLesly Bell and Rod Morrison

Grace & Colin Bruce Family FundGrace & Colin Bruce

Dr. James & Cappy Colquhoun Family FundDr. James & Cappy Colquhoun

Jackie & Ernie Dojack Family FundJackie & Ernie Dojack

Christopher Jean Memorial FundBarbara and Douglas CameronMarcel JeanErin Madigan in honour of Tyler MadiganReily Madigan in honour of Tyler MadiganShalyn and Tyler Madigan

Susan Jones Friesen and Cliff Friesen Family FundSusan Jones Friesen

Thunder Bay Community Foundation General FundPaul JasiuraBonnie MooreSeppo PaivalainenScott Warwick

Anonymous (1)

Trevor Jonasson Memorial FundKelly Slack

JP Hudolin Family FundMaria & Jack Hudolin

JSTS FoundationJette Ducharme

Justice Ronald B Lester Memorial Youth Bursary FundJordan Lester

Marathon High School Youth Bursary

Mary & Dr. George Morrison Family FundMary & Dr. George Morrison

Habitat for HumanityAnonymous (1)

Vancouver Foundation - Keith Lord Sport Foundation

Susan Simonsen Cochran Aboriginal BursaryDavid Blakie on behalf of the Johnson Scholarship FoundationMark EdwardsKenneth MoffattBonnie Moore

Susan SimonsenJanet Veale

Shirley H. & Meredith O. Nelson FundMeredith O. Nelson

Superior North EMS Leslie Vance Bursary Fund

Honours and MemoriamsBonnie Moore in honour of Rebecca JohnsonBonnie Moore in honour of the Thunder Bay Youth Symphany Orchestra

2002$70,300 in grants

Are awarded$60,000 in scholarships

are awardedMr. Daniel Clara donates $45,000



are awardedMr. Ross Wilson establishes

the Ross Wilson Science Scholarship with a donation

of $250,000

2004$69,180 in grants


are awarded

2005$72,550 in grants


are awarded

2001$60,000 in grants


are awardedThe John A. McLean

scholarship is established with $60,000

► ► ► ►

Maria, Jack and Phyllis Hudolin, JP Hudolin Family Fund

Executive Director Bonnie Moore with donor Pritam Lamba of the Veena Lamba Scholarship for the Arts

Donors Sue Simonsen (Susan Cochran Simonsen Aboriginal Bursary) and Eugene Kotyk

Troy BarnardBrent ClineJason DesandoBryan DobrowolskyDevin DoranNick EndersPeter FinnieHeather GilbertDonald GosselinKelly HeikkilaDonald LemieuxHelen LetourneauMarika ListenmaaJames LongRob PlummerRhiannon RaynakBrian Schenk

Don StokesJustin StormTara Van DykHonor Wallace

Named Funds1971 – 2004Founding Donation by Prue Morton Joshua Dyke Family Scholarship FundEdyth Mary Dyke Fund Helen L. Dewar Fund Dr. Robert K. Dewar Research Fund Arthur Widnall Fund William MacIssac Fund Helen L. Dewar Scholarship Fund Joseph Vezeau Fund Ruth Black Fund Dr. J.D McIntosh Fund Ontario Endowment for Children & Youth in Recreation John McLean Scholarship Fund Walter Ross Rogers Fund Dr. S. Penny Petrone Fund Ross A. Wilson Education Fund

2006Shirley H. & Meredith O. Nelson Fund Dr. George & Mary Morrison Family Fund Roy Seymour & Geraldine Ruth Rogers Scholarship Fund Thunder Bay Community Foundation President’s Fund

2008*Keri Chase Foundation Fund Anne Boswell Cochran Fund Hannah & Victor Stevenson Fund

2009The Estate of Eileen Lahti The Margaret & Arnold Westlake Endowment for the Arts

2010*Thunder Bay Art GalleryVictor Stevenson Aviation Heritage Fund*Justice Ronald B. Lester Memorial Youth Foundation Fund

2011Shirley H. & and Meredith O. Nelson Fund The Christopher Jean Memorial FundAda Carrel Fund *Hospice Northwest

2012Trevor Jonasson “Let Others Fly” Memorial Bursary Donny Ritza Fund Estate of Gertrude Lahti *Lutheran Community Care Centre Fund

2013Justice Ronald B. Lester Memorial Bursary Keri Chase Memorial Animal Welfare Fund*Dilico Children’s FoundationJune Morgan MacDonald Bursary for Arts & DesignEstate of Lucy Ritza Superior North EMS Leslie Vance BursaryDiane & Ron Watson Donor Directed Fund TBCF Trustee Alumni Fund

2014JP Hudolin Family FundKelly & George Badanai Family Fund Veena Lamba Scholarship for the Arts Shirley & James Symington Family

Fund Carolyn & Jack Verhoeven Dr. James & Cappy Colquhoun Family FundLesley Bell & Rod Morrison Family FundJackie & Ernie Dojack Family FundJSTS Fund*Kitty Kare *Habitat for Humanity *Shelter House *Thunder Bay & District Humane Society

2015Grace & Colin Bruce Family FundSusan Cochran Simonsen Aboriginal Bursary FundRebecca Johnson FundThunder Bay Police Cruisers Defibrillator Fund

2016Susan Jones Friesen and Cliff Friesen Family FundNorthwestern Ontario Aviation Heritage Centre Non-Endowed Agency Fund*

* Charity Endowment Funds

Donors Susan Jones and Cliff Friesen with Executive Director

Bonnie Moore

2007$71,499 in grants are awarded $71,000 in

scholarships are awarded

2008$76,453 in grantsare awarded$48,300 in scholarships are

awarded


$43,000 in scholarships are awarded. Margaret & Arnold Westlake Endowment for the

Arts is established with an initial donation of $100,000. Amanda

Lahti Fund is established with a bequest of $60,000.

2010$87,500 in grants


are awardedVictor Stevenson Aviation

Heritage Fund is established with a donation of $200,000


awarded $50,000 in scholarships

are awardedMr. R.S.Rogers establishes the Geraldine Ruth Rogers Scholarships with an initial

donation of $450,000

► ► ► ►

Finances

Ken Chase, Diane Chase, Shirley Symington and Jim Symington

2016 brought on many changes for the Thunder Bay Community Foundation. As our portfolio was reaching the $10 million mark, the board took this as an opportunity to examine the policies related to our investments and financial management. With the help of two very dedicated donors (one of which is a former Secretary Treasurer for the board), the Foundation updated policies and added several new policies.

PORTFOLIO REVIEWThe Foundation’s Investment Policy was the first tackled by the Board. During this process, the Board examined the Foundation’s investment management practices. After interviews with many different firms, other Community Foundations and other Foundations, the Board decided that the portfolio needed to move to an investment management firm to facilitate future growth. Based on the proposals submitted and interviews with firms and stakeholders, the Foundation chose Mawer Investment Management as their firm and Andrew Johnson a their portfolio manager. The Foundation opened the year with $8.8 million, closed the year with $9.2 million and currently sits at over $10.5 million in its portfolio.

BUILT FOR DONORS BY DONORSThe next task the Board undertook was to examine the financial management practices of the Foundation. This included examining how the funds within the portfolio were managed, what and how information was presented to donors and what policies needed to be updated. With the help of Jim Symington (donor) and Ken Chase (donor and former Secretary Treasurer), the previous financial management policies were updated and new policies that outlined the treatement income and expenses (and more) were developed. The Board and Staff of the Foundation were absolutely grateful for all the hard work Jim and Ken put into helping develop the policies, testing the calculation methods, and analyzing the results. These individuals spent countless hours attending meeting and working directly with Reily Madigan (Secretary Treasurer) and MJ Green (Operations Coordinator).

We want to extend a special thank you to Jim and Ken, who are great examples of how our donors really help the Foundation move forward and grow!

MAWER INVESTMENT MANAGEMENTFounded in 1974, Mawer Investment Management Ltd. (pronounced moh-er) is a privately owned, independent investment firm, managing over $40 billion in assets for a broad range of individual and institutional investors across all major investment strategies. The firm employs over 120 people across locations in Calgary, Toronto and Singapore.

Andrew Johnson, CFA

ANDREW JOHNSON, CFAAndrew Johnson is an Institutional Portfolio Manager at Mawer Investment Management Ltd. and has been with the firm for 10 years. He is responsible for the management and servicing of institutional clients and their portfolios, working with many of Mawer’s non-profit and foundation clients. In addition, he is actively involved with the Community Foundations of Canada through Mawer’s role as Professional Development Partner and Lead Conference Sponsor. Before joining Mawer, he held positions in both the accounting and legal departments of a diversified private holding company based in Nova Scotia. Mr. Johnson earned a Bachelor of Arts from Mount Allison University and is a CFA charterholder. He is a member of the CFA Institute, the CFA Society Calgary and Toastmasters International. Mr. Johnson also serves as a volunteer with The Children’s Wish Foundation of Canada. Originally from Nova Scotia, Andrew lives in Calgary with his wife Stephanie and their 1 year old daughter, Ellie. Outside of Mawer he spends his time attempting to relive his glory days on the basketball court, running, and enjoying the beautiful Canadian Rockies.

2014$1.4 million raised

Over $400,000 in grants, scholarships

& bursaries are awardedFive new Family Funds

createdFour new Agency Endowed

Funds are established

2013$333,000 in grants, scholarships & Bursaries are awarded. Dilico

Children’s Foundations AEF established. Justice Ronald B.

Lester Memorial Youth Foundation merges with the TBCF. Keri Chase Foundation establishes the Keri Chase Memorial Welfare Fund

2015All time high of $505,000

given to charities and youth in our community

2012$135,000 in grants are awarded. $49,000 in

scholarships are awardedTrevor Jonasson Memorial

Bursary $25,000Donny Ritza Fund $55,000

Estate of Gertrude Lahti $90,000


awarded$35,500 in scholarships are awarded. Christopher Jean

Memorial Fund is established with an initial donation of $25,000 from Marcel Jean,

Christopher’s father

► ► ► ►

Finances

The financial statements and Audit for 2016 were prepared by MNP LLP. The Thunder Bay Community Foundation’s fiscal year is January 1, 2016 through December 31, 2016. The Summary Financial Statements do not contain all of the disclosures required by Canadian accounting standards for not-for-profit organizations. We encourage you to read the complete Audited financial statements which are available from our office by calling 807.475.7279 or on our website at tbcf.org. The Thunder Bay Community Foundation is committed to responsible stewardship of all gifts entrusted to us. Thanks again to our donors who make our giving possible.

Assets 2016 2015CurrentCash and Interest Bearing Accounts $55,576 $399,553Accounts Receivable - -HST Receivable 7,532 4,452Prepaid Expenses 2,037 2,038Marketable Securities 9,240,801 8,598,138

$9,305,946 $9,004,181LiabilitiesCurrentAccounts Payable and Accruals $8,780 $8,780Government Remittances Payable 6,335 6,582Deferred Revenue - 575

Total Current Liabilites 15,103 15,937

Fund BalancesExternally Restricted 6,340,556 6,043,018Internally Restricted 221,957 217,752Unrestricted 2,728,330 2,727,474

9.290,843 8,988,244

$9,305,946 $9,004,181

Revenue 2016 2015Realized Gains $628,678 $5,894Dividend Income 486,075 150,923Interest Income 40,567 188,548Unrealized Gains (losses) (543,905) (715,627)Donations and Other Revenue 45,042 319,090Total Revenue $656,457 $(51,172)ExpensesOperating $181,851 $181,733Grants, Scholarships and Bursaries 291,664 503,171Excess 182,942 (736,076)Opening Balance 8,988,244 9,493,702,

Capital Receipts 119,657 230,618

Fund Balance $9,290,843 $8,988,244

PORTFOLIO ASSET MIX AT DECEMBER 31, 2016

Cash Equivalents 5.48%Canadian Fixed Income 33.67%Canadian Large Cap 14.02%Canadian Small Cap 3.65%US Equity 19.64%International Equity 19.49%Global Small Cap 4.04%

2016$209,464 in grants

are awarded.$57,200 in Scholarships and

Bursaries are awarded.

2017 2018 2019 2020► ► ► ►

This years return on investment is 7.5%.

Board and Staff

Front (Left-to-Right): Reily Madigan (Secretary Treasurer), George Badanai (President), Bonnie Moore (Executive Director), Jackie Dojack (Vice-President).

Back (Left-to-Right): Michael Larizza (Trustee), Liana Frenette (Trustee), Jordan Lester (Trustee), Lesley Bell (Trustee), Colin Bruce (Trustee), Paul Jasiura (Trustee)

Not Pictured: MJ Green, Operations Coordinator

Auditor: MNP LLPLegal Counsel: Weiler, Maloney, Nelson

Banker: Royal Bank of CanadaInvestment Advisor: Andrew Johnson, Mawer Investment Management

The Thunder Bay Community Foundation would like to acknowledge their professional advisors:

Suite 312-101 N. Syndicate Ave., Thunder Bay, ON P7C 3V4

807.475.7279

[email protected]

www.tbcf.org

2016 Nominating Committee

Keith HobbsMayor, City of Thunder Bay

Charla RobinsonPresident, Thunder Bay Chamber of Commerce

Marie KlassenPresident, Lakehead Social Planning Council

2016 Volunteers

Neave BadanaiLeia Freeman

Lisa FrenchShalyn Moore

Karin NietscheiCassandra Tolmie

Thank you to all our wonderful volunteers!

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