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Status Report at December 31, 2012. Contents Background/Goal How the Fund Works Fund’s Mandate Fund’s Progress Fund Raising Initiatives Future Plans/Expectations.

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Presentation on theme: "Status Report at December 31, 2012. Contents Background/Goal How the Fund Works Fund’s Mandate Fund’s Progress Fund Raising Initiatives Future Plans/Expectations."— Presentation transcript:

1 Status Report at December 31, 2012

2 Contents Background/Goal How the Fund Works Fund’s Mandate Fund’s Progress Fund Raising Initiatives Future Plans/Expectations Making Donations 2020 Fund Needs You 2

3 Background/Goal Started in 2000 by Squash BC (initially called 20/20 Vision Program) Supporting/promoting junior squash seen as critical to game’s future survival External sources of funding increasingly unreliable (in 2009, BC government announced substantial cuts in sports funding) Secure source of long-term funding needed Goal – raise $200,000 by

4 How the Fund Works 2020 Fund Committee oversees Fund’s operations Members appointed by Squash BC Current Committee Funds held and invested by the Vancouver Foundation Andrew Lynn (Chair) Kevin Kydd Robert Pacey Sandra Thompson Sue Wastie Gavin Cooper 4

5 How the Fund Works (cont’d) Advantages of using Vancouver Foundation: – Funds held at arms length from Squash BC Protected from claims by Squash BC creditors Avoids possible prejudice of Squash BC’s external sources of funding – Part of $700 million fund managed by a combination of specialized investment management firms. – Access to online donation capability. – Low costs for investment management and administration – only 0.7% of 2020 Fund balance – Donations are tax deductible. Tax receipts issued for donations of $25 or more 5

6 Fund’s Mandate Distributions from the 2020 Fund will be focussed primarily on the following: Grassroots programs that expand the base of junior players; Programs that encourage junior players to remain active in squash; Upgrading junior coaching skills; and Encouraging junior role models. 6

7 How is the Fund Progressing? Fund balance at $243,665 Strong support from squash community – New donations in $13,884 – # of donors- 87 – Average new donation - $160 7

8 Fund’s Growth ($,000’s) 8

9 Fund Has Decent Year in 2012 Donations helped boost the 2020 Fund balance by $14,000. Investment performance for the year (up to Dec 31) has been strong (9.53%) boosting the 5 year return 3.35%, which is 0.52% ahead of the composite benchmark index. 9

10 Fund Distributions 2010 marked the year in which the Fund passed its initial target of $200,000. Reaching this milestone triggered the Fund’s first distribution to support junior squash development. The 2012 distribution amounted to $8,546. Distributions will grow as the Fund balance grows through future donations and investment earnings. 10

11 Fund Raising Initiatives Squash BC membership renewal – Automatic online link to 2020 Fund donation page 2020 Fund Club Challenge – Events organized by clubs that support the 2020 Fund – 2011 Winner: BC Jesters Other activities – New personalized donation page – – Joe Hattori Memorial – Winter in July squash tournament (Kelowna) – Regular communication with existing donors 2020 Fund Newsletter (fourth edition – January 2013) 11

12 Future Plans/Expectations Having reached the initial $200k goal, the Fund has now begun to fulfill its objective of supporting junior squash development. With the continuing support of the squash community, it is hoped that the Fund’s support will grow to the point where it will have a major impact on programs designed to broaden the number of junior players and enhance their skills and enjoyment of the game. 12

13 Making Donations Option 1 – Make Donation Online by Credit Card Go to Option 2 – Complete Donation Form Form available by going to and clicking on link to 2020 Fundwww.squashbc.com Mail to Squash BC with cheque (if applicable) Option 3 – Donation of Securities Contact Kim Macphee at or

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