Our investments

The goal of the Foundation is always the management of the usufruct, and to soon reach its first million dollars. It goes without saying that recognition of the charitable status of the Foundation will allow us to increase our assets and issue charitable receipts as we work towards achieving our goals.

 

The financial situation

  • Having started with $400,000, the Foundation holds since November 2009 a $446,000 investment fund managed by two firms, Vancity Investment Management and Lee Turner & Associates.
  • In 2004, the portfolio is $600,000, an increase of 39% over the initial amount.
  • Funds increase on average by 7% per year.
  • In 2007, a General Assembly resolution calls for reporting on the use of the funds and to think about criteria for distributing funds to organizations. The market value of the investments as of March 31 was $733,249. It is expected to reach one million in four or five years.
  • In 2008-09, investments are suffering from the bumpy situation in the global economy and the value drops from $736,601 to $551,887, a loss of 19%.
  • In 2010, the situation is recovering but it will take time to fully recover.
  • In 2012, we question the choice to share investments with 1 firm instead of 2.
  • In 2014, the Foundation presents a balance sheet of net assets of $799,501. The Foundation’s funds have increased by about 7% per year through investments, despite an unstable investment market.
  • At the end of March 2015, the balance sheet of net assets is $810,000
  • In 2016-17, a major achievement is realized with the consolidation of investments within a single firm, Vancity Investment Management, and the balance sheet jumps to $863,013