Presentation on theme: "Contents Background/Goal How the Fund Works Fund’s Mandate Fund’s Progress/Initiatives Future Plans/Expectations Major Donors Making Donations 2020 Fund."— Presentation transcript:
Contents Background/Goal How the Fund Works Fund’s Mandate Fund’s Progress/Initiatives Future Plans/Expectations Major Donors Making Donations 2020 Fund Needs You
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 2020
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 Allan Brown (Chair) Kevin Kydd Dave Leman Andrew Lynn Robert Pacey Sue Wastie
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 (less than $900 per annum currently) – Donations are tax deductible. Tax receipts issued for donations of $25 or more
Fund’s Mandate (To be confirmed by Squash BC) 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.
How is the Fund Progressing? Fund balance at 30.06.09 - $152,000 Growing support from squash community – New donations in 2009 - $21,450 (first 6 months only) – # of donors- 67 – Average new donation - $320 Increasing number of tournaments/events raising money for the 2020 Fund annually
Strong Progress in 2009 After experiencing investment headwinds in 2008, the Fund finally benefited from the turn around in the investment markets in the second quarter of 2009. The combination of positive investment performance and continuing strong level of donations has significantly boosted the Fund balance in the first half of 2009.
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 – Winners: The Bentall Club (2007), Arbutus Club (2008) – Ken Cummane Trophy presented to winner at BC Closed Awards Dinner Junior tournaments – 50/50 draws and direct solicitation 2020 Fund Newsletter – Coming in 2009
Future Plans/Expectations Our goal is to: – Reach $200,000 in 2010; – Begin distributing funds to Squash BC for promotion of junior squash in 2010. Fund will continue to grow after initial target reached through ongoing donations and investment earnings. 2020 Fund expected to have a major impact on funding available for junior squash development.
Major Donors Champion Donors ($10,000+) Kenneth Cummane Foundation Joyce & Tony Maycock Platinum Donors ($5,000 - $9,999) Allan Brown In Memory of Edward H. (Eddie) Gudewill In Memory of John Burris Platinum Donors ($1,000 - $4,999) Ben Moxon Bob Hays Clackson Family Corina & Andrew Lynn Fouchard Family George Morfittt Graham Brown Gudewill Family In Memory of Edward (Uncle Ed) Warner John Brown Moy Family Murray Olson Pamela Bendall Shawn Patton Steve Maloon Susan & Kevin Kydd Tim Bale Trevor Thom
Making Donations Option 1 – Make Donation Online by Credit Card Go to www.squashbc.comwww.squashbc.com Click on 2020 Fund Open “To Contribute” page Follow link to Vancouver Foundation website. Option 2 – Complete Donation Form Form available by going to www.squashbc.com and clicking on link to 2020 Fundwww.squashbc.com Mail to Squash BC with cheque (if applicable)