ANNUAL REPORT

2017

STAFF AND BOARD OF DIRECTORS

John Robinson President Tom Davies Past President

Jonathan Ross Vice President Pam Borden Secretary

Tracey Laughlin Treasurer Jeff MacKenzie Director

Giselle Bernard Director Rhonda MacPhee Director

Jim Travers Director Heather Tedford Director

STAFF Kent Hudson Fund Development Marla Gidney Finance Officer

COMMITTEES AND VOLUNTEERS

Fund Development Committee • John Robinson, Chair • Pam Borden, Director • Bruce Craig, Volunteer • Tony Sauer, Volunteer

Investment Committee • Jonathan Ross, Chair • John Robinson, Director • Earl Pickard

Audit and Finance • Tom Davies, Director • Tracey Laughlin, Director • Susan Ching, Volunteer

Human Resources • John Robinson, Director • Tracey Laughlin, Director • Jeniene Peake, Volunteer

Nominating

• Tom Davies, Chair • James Travers, Director • Jonathan Ross, Director

Marketing • Heather Tedford, Chair • Giselle Bernard, Director

Granting and Awards Committee • Jeff MacKenzie, Chair • Heather MacDonald, Volunteer • Joyce Gaudet, Volunteer • Jamie Kilbride, Volunteer

• Joanne McQuaid, Volunteer • Marilyn Barrett, Volunteer • Michael Murphy, Volunteer

PRESIDENT’S REPORT

The Community Foundation of Prince Edward Island (CFPEI) continued

to cultivate and enhance its impact and awareness in the non-profit

sector again in 2017. The Foundation is a volunteer driven non-profit

charitable organization that exists to disburse grants from endowments

and flow-through funds with a goal of improving all aspects of

community life in Prince Edward Island.

Our mandate is to stimulate and assist caring Islanders in the delivery of

their charitable giving, both now and in the years to come. We do this

by connecting caring people with causes that matter.

For the first time ever, the Foundation distributed more than $500,000

to a broad range of worthy causes, all on behalf of the outstanding individuals and organizations who

are our Donors.

One factor contributing to The Foundation’s ability to increase its impact in the community is the growth

of its Endowment fund and the investment return it has earned. To this end, the total number of

individual funds in the portfolio increased from 70 to 74, a total of $340,000 in donations was added to

the portfolio, more than $280,000 was withdrawn for granting, and the Fair Market Value grew from

$8,705,734 to $9,556,549 resulting in the portfolio enjoying a pre-fee Return on Investment (ROI) of

11%. The foundation issued a formal request for proposals for the management of its investment

portfolio last year and I’m pleased to report that RBC Wealth Management - PH&N Investment Counsel

was reappointed for another term. Thanks to Jonathan Ross, Chair of our Investment Committee along

with the committee members for such a great job!

While the Foundation is celebrating a significant community impact milestone, we are mourning the loss

of President Steve McQuaid who passed away in January 2017. One of Steve’s favorite Community

Foundation slogans was “Supporting worthy causes on behalf of caring people” and I’m sure he would

be proud of the support the Foundation delivered to his Community last year.

We are most pleased that Steve’s wife Evelyn along with their children have established the Steve

McQuaid Memorial Award to assist non-profit organizations across the Island in strengthening their

efforts and abilities in building Smart and Caring Communities.

One of the larger initiatives the Foundation undertook in 2017 was our participation in The Community

Fund for Canada’s 150th project, a collaborative effort seeded by the Government of Canada and

extraordinary leaders from coast to coast to coast and matched and delivered locally by Canada’s 191

Community Foundations. Our partnership enabled the awarding of $130,000 to 26 Island community-

based projects. The granting capacity from our own endowments was supplemented by local private

CFPEI President

John Robinson

donors which greatly increased our ability to draw matching dollars from the Canada 150 Fund. Many

thanks to everyone involved in the success of this unique project.

A major initiative led by Marketing Committee Chair Heather Tedford, several board members and staff

were undertaken to design and launch our new website and Facebook presence. Many thanks to all

those involved.

The Community Foundation relies heavily on its volunteer board of directors for input, guidance,

outreach and active involvement. It is my pleasure to recognize two new directors who joined the board

in 2017, Jeff MacKenzie and Rhonda MacPhee and to thank three directors who retired last year, Rod

Nicholson, Paula Foley and Joanne Donahoe. We also wish to remember Steve McQuaid who was serving

as President when he passed away in January as well as Carol Fraser, a faithful board member for many

years who passed away in June.

On behalf of the Foundation, I wish to acknowledge the work of, and thank long time staff person, Marla

MacDonald Gidney as well as long time volunteer and occasional staff person, Jeniene Peake.

A hearty thank-you to our recently hired Fund Development staff person and ED in waiting, Kent Hudson

and all the volunteers who served on various committees and projects throughout the year.

Your dedication and commitment is greatly appreciated and plays a huge role in the success of the

Community Foundation of Prince Edward Island!

AWARD RECIPIENTS

SCHOLARSHIPS - $69,600.00

Arthur and Theresa MacDonald Scholarship $1,000 - Brett DesRoche $1,000 - Alexys Mooney

Joseph Spriet Scholarship $3,000 - Catherine Wood $3,000 - Michael Ogden

Architect’s Association of PEI Scholarship $2,250 - Cassie Burhoe

PEI Protestant Children’s Trust Bursary $5,000 - Clark MacIntyre

Gordon Doughart Memorial Award $500 - Jason Bernard

Lowell Phillips Scholarship $780 - Hannah MacLellan

George and Noreen Corrigan Single Mother Scholarship $3,460 - Jenna MacLeod

Lorne and Ruby Bonnell Scholarship $515 - Keira Rigby $515 - Kathleen MacMillan

TRH Duke & Duchess of Cambridge Scholarship $1,500 - John Kelesi

Orin Carver Scholarship $1,000 - Grant Wolters $1,000 - Rachel Green

$1,500 - Allison McCabe $1,500 - Noah Laybolt

$1,000 - Jenna MacInnis $1,000 - Laura Burger

St. John’s Lodge Scholarship $200 - Olivia Cox $200 - Isaac Cox $200 - Joleesa Tawil $200 - Grace Coles $1,000 - Michael Ogden $1,000 - Brianna Hennessey $1,000 - Heather Learie $1,000 - Bethany Hughes

Summerside-Natick International Friendship Hockey Scholarship $250 - Alexis Mulligan $250 - Brianna Gunning Steven Turner Memorial Scholarship $680 - Hallie Currie Joan Auld Scholarship Fund $700 - Megan Burnside

Christian Gavard Memorial Fund Award $1,000 - Emma Bowers

St. Andrew’s Society $32,400 - 27 recipients

COMMUNITY GRANTS - $149,210.00

David A. MacKay Endowment Fund $1,860 - QEH Foundation $2,855 - Camp Abegweit

Cumberland Rocky Point WI Fund $700 - Westwood Primary School $700 - Elliot River Elementary

Dr. Donald K. Taylor Memorial $580 - Appin Road Summer Day Camp

Alzheimer’s Society of PEI Foundation $3,000 - Hospice PEI

Souris Fund $1,250 - Eastern Kings Community Coalition/PEI Food Share

Arthur and Theresa MacDonald Charitable Trust $380 - Western Hospital

Jessie Drummond Award $150 - PEI 4-H Council

Dr. Marlene Bryenton - Ghiz Park Fund $400 - City of Charlottetown

North Tryon Women’s Institute Fund $577 - PCH Foundation $576 - Englewood Consolidated School

MacMillan-Bagnall Shrine Trust Fund $300 - Philae Temple Crippled Children Travel Fund

Canada Games Host Society Legacy Trust $131,852.00 - Athletics PEI, Baseball PEI, Basketball PEI, Biathlon PEI, Cycling PEI, Football PEI, Gymnastics PEI, Judo PEI, ParaSport and Recreation PEI, PEI Archery, Pei Golf Association, PEI Soccer Association, PEIFHA, Ringette PEI, Skate Canada PEI, Snowboard PEI, Softball PEI, Speed Skate PEI, Swim PEI, Triathlon PEI, Volleyball PEI, Wrestling PEI, Andre Boudreau, Lucas Boudreau, Caitlin Campbell, Carsen Campbell, Veronica Keefe, Hannah MacLellan, Martin Sobey

David “Jiggs” MacDonald and Gerry Rutten Music Legacy Fund $2,015 - Englewood Consolidated School $2,015 - Montague Intermediate School

2017 CANADA 150 GRANTS - $122,315.00 City of Charlottetown - Dr. Marlene Bryenton/Joseph A. Ghiz Memorial Park Memorial Park Recycle Bins - $5,000

Bedeque Area Historical Foundation Marine Atlantic 100th Anniversary of Service - $2,500

City of Charlottetown - Victoria Row Inc. Always on Stage - $2,500

Boys and Girls Club Wellington and Area Wellington & Area Cultural Festival - $1,500

Boys and Girls Club Summerside Canadian Dreams…Inspiring Today’s Youth - $5,000

Community of Abram Village Families Celebrating Canada’s Birthday - $4,000

Farm Centre Association Inc. Continuing to Build the Legacy Garden - $5,000

Bedeque Bay Environmental Management Association History of Watershed - $1,500

Municipality of Wellington Family Day “O Canada” - $2,705

PEI Museum and Heritage Foundation Georgina Pope Exhibition - $4,000

Centre Goeland/Village des Sources l’Etoile Filane Jumelage Culturelle Familial/Family Cultural Exchange - $5,000

Canadian down Syndrome Society of PEI Looking Back and Ahead: Engaging Prince County Youth in Building our Inclusive Community - $1,160

Veterans Voices of Canada Association - PEI Keeping History Alive in PEI - $5,000

Miltonvale Park Community Miltonvale Park Canada 150 Stories - $3,300

Hillsborough River Association Inc. Living off the Land: Historic & Culturally Important PEI Foods - $5,000

Abegweit First Nation PEI Indigenous Youth Leadership Gathering - $5,000

PEI Writer’s Guild (Reading Town PEI) Diverse Story 2017 Reading Town PEI - $5,000

Three Rivers Roma Inc. Roma Trail Signage - $400

Community of Abrams Village Setting the Stage - $4,200

Cooper Institute Ltd. Supported Decision Making - $2,050

Mount Stewart Consolidate School Mi’kmaq Drumming and Dancing - $2,500

O’Leary Museum and Library Association Ltd. Warren Leard: The Last Miller on PEI - $5,000

Friends of the Farmer’s Bank of Rustico Inc. Father Belcourt’s 1866 Steam Carriage - $5,000

United Way of PEI Celebrating the Legacy - $15,000

United Way of PEI Islander Stories - $15,000

United Way of PEI Conference: Coming Together Leave Connected - $15,000

MEMORIAL DONATIONS

When a friend or family member passes away, an In-Memoriam contribution to any of one of CFEI’s funds can be

an appropriate tribute to honour a person’s legacy in their community. In 2017, donations were received in

memory of the following individuals:

Steve McQuaid Myrtle Ballum Joe Murphy Christian Gavard Gerald Mitchell Kathy Pooley Father Bolger Rollande and Denis Bealieu The Proctor, Doyle & Brown Families Isabella and Alberts Hobbs

2017 EVENTS

Annual Fund-Raising Gala

The Foundation hosted its Annual Gala fundraiser on Sept 8th at Glasgow Hills Golf Club in New Glasgow. A special

event to celebrate our significant community granting milestone and to mix and mingle with friends and patrons

of CFPEI, it was also a sad evening as we joined with Steve McQuaid’s family to pay tribute to our colleague. Two

of Steve’s children, Michelle Dodds & Tim McQuaid, his business partner Paul Chaulk and Tom Davies of the

Community Foundation all shared memories of Steve. Director Pam Borden then announced that the Island

Community Exchange World Café would be held in his honor. This free event will continue Steve’s efforts to

support community groups and strengthen Island communities.

Annual Awards Recognition Reception

Our August 23rd Awards evening saw our largest turnout ever of recipients, family members and friends. This event

recognized and celebrated our 2017 scholarship winners, community grant winners and Canada 150th Fund

recipients. This event is the one time each year where the Foundation publicly showcases to our donors, patrons

and friends the outcomes and impacts of the work we do. Each scholarship, grant or award represents the result

of someone who wanted to help their community in some way. We wish to thank all donors and patrons who

have helped make this happen through their gifts.

Legacy Tea

I was delighted to have the opportunity to welcome a number of invited guests to a Legacy Society social time and

tea at the home of Elaine & Ken MacDonald on Nov 29th. The refreshments and service were outstanding and

there was good interest in the material presented about the Foundation. Thanks to Elaine and her co-hosts and

to board member Pam Borden who helped organize the event.

Island Community Exchange World Café

The first event held under the auspices of the Steve McQuaid Memorial Award was held at the Jack Blanchard Hall

on November 20th which a number of board members and staff attended and participated in. The Café provided

the opportunity for representatives from various non-profit organizations to exchange ideas and discuss issues in

a mini-session type of event where participants rotated through tables where various topics of interest were being

discussed. The discussions were summarized at the end of the session and presented to the assembled by each

table’s coordinator. An enjoyable and productive way to give and receive new ideas on various subjects.

Congratulations to the steering committee of the Steve McQuaid Memorial Award, Steve’s family and everyone

who attended.

2017 NEW FUNDS

Their Royal Highnesses, The Duke and Duchess of Cambridge Scholarship

The Foundation was pleased to award the first ever Their Royal Highnesses, The Duke and Duchess of Cambridge

Scholarships to Heather Crane, Micayla Darrach, Kestra Greer and Nathaniel Mason at Government House on

March 6th. The original concept for the creation of an Endowment to fund these scholarships was proposed by

Ms. Mary Dunea who also made a significant donation to launch the fund. We were delighted that Ms. Dunea was

able to travel from Iowa through terrible weather and flight connections to attend and participate in the

scholarship presentations. The Foundation is most grateful for her vision and generosity which will live on as the

scholarships are presented each year. Thank you to Their Honours, Lieutenant Governor H. Frank Lewis and Mrs.

Dorothy Lewis for hosting the event.

THE IMPACT OF FLOW THROUGH SERVICES

Although most of the support provided to scholarship and grant recipients is generated from Endowment Fund

earnings, a significant granting capacity comes from donors using our flow through services. Donors use our flow

through services for a variety of reasons included the desire to remain anonymous, the desire to make one larger

gift for disbursal by CFPEI to a number of causes, the desire to make a gift of shares to an organization not having

its own brokerage account, and for US donors wishing to us the CFPEI IRS status to donate to a Canadian non-

profit organization. In addition to approximately $100,000 in 2017 donations to support the Basilica Bell project,

CFPEI donated a similar amount to other causes on behalf of flow through donors.

PORTFOLIO of FUNDS

FMV AS OF DEC. 31st, 2017 - $9,556,548.54

Community Funds

Fund # 1 $35,284.15 Island Fund

$81,260.11

Edith and Eric C Robinson Endowment $95,696.14 Upson Fund $7,028.26

Field of Interest Funds

A & T MacDonald Charitable Trust

$397,934.52 Agricultural Equipment Fund $8,087.55 Alzheimer Society of PEI Foundation Fund $81,561.16 Dr. Gerry Barrett DAPEI Legacy Fund $40,888.10 Beach Tennis Club Trust Fund $13,278.12 Dr Marlene Bryenton Fund $32,315.87 Helen and Stan Buell Endowment

$12,236.81

HRH Duke and Duchess of Cambridge Legacy Fund $124,290.38 J. Melville Campbell Fund $50,611.15 Friends of Camp Segunadeck

$9,876.38

Coles Reunion Fund

$8,626.92 Cumberland Rocky Point WI $37,504.89 Gordon Doughart Memorial Award

$16,862.07

4 Oaks Endowment

$26,129.28 Jessie Drummond Fund $3,273.22 Fund # 3 $13,025.70 Glendenning Family Fund $22,237.10 Catherine G Hennessey Endowment Fund $47,777.13 Island Arts & Heritage Fund $60,304.31 Kathyrn (Myers) Lea Endowment

$11,320.66

Living Memorial Trust $10,511.26 David "Jiggs" MacDonald and Gerry Rutten Music Legacy Fund $64,174.89 Hesta MacDonald Legacy Fund $3,236.78 David A MacKay Fund $127,566.12 McIver Family Endowment

$31,642.16

Steve McQuaid Memorial Endowment

$9,948.23 North Tryon WI Legacy Fund

$47,151.59

PEI Golf Endowment

$21,973.51 Souris Fund $33,363.57 Summer Islanders Legacy Fund $9,758.00 Taylor Memorial Fund $15,717.86 Purdy Visual Arts Fund $9,462.64

Scholarship Funds AAPEI Scholarship Endowment $60,275.98 Auld Scholarship Fund $25,149.18 Jack Blanchard Music for Kids Bursary

$21,541.63

Bonnell Scholarship Fund $27,479.03 Carver Scholarship Fund $146,493.62 Noreen & George Corrigan Scholarship

$115,768.49

Christain Gavard Memorial Scholarship

$17,263.56 P.E.I. Protestant Children's Trust

$308,994.48

Phillips Scholarship Fund $20,777.90 St. John's Lodge -Ross Estate Bursaries

$222,247.64

Saint Andrew's Society Scholarship

$1,191,990.86 Joseph Spriet Scholarship Fund $169,282.67 Stephen Turner Memorial Fund

$20,526.02

Summerside Natick $13,557.00

Designated Funds

Canada Games Legacy Trust Fund

$3,595,536.29 CFPEI Administration Fund

$66,993.32

PEI Family Violence Prevention Services

$406,698.11 Indian River Festival Property Endowment $58,573.22 MacMillan-Bagnall Shrine Trust $8,670.76 LM Montgomery Land Trust Fund $1,760.43 PEI Sports Hall of Fame and Museum Trust $52,037.29

Legacy Society Funds

Cheryl & Dr. Harry Callaghan Pediatric Trust $4,552.64 Catherine Callbeck Endowment Fund

$106,694.89

Thomas and Betty Hall Endowment Trust

$115,743.66 Heather Henry MacDonald Endowment

$12,430.72

Hazel and John Robinson Endowment

$24,383.39 Fund 4

$1,159.96

Fund 6

$10,557.47 Terra Nova Endowment

$6,827.38

HOSTED funds administered by CFPEI

ALS Society of PEI

CFPEI Operating Fund Dundas Cemetery Fund Highfield Cemetery

Island Trails Trust Fund

Old Protestant Burial Ground P.E.I. Hospice Association Tryon People's Cemetery Fund W.H. Tidmarsh Foundation Trust Fund