Story – December 5, 2017
Chairman’s Report for 2016-17 Annual Report
— By Lorne Henkelman, Chair of the Board of Directors, from Annual Report for July 1, 2016 to June 30, 2017 —
I am pleased to report that the Community Foundation of Swan Valley has once again experienced much success in this our 12th year. Since our beginnings in 2005, the people of, and those with connection to, the Swan River Valley have demonstrated that philanthropy is indeed alive and well.
This past year was one of both change and growth. The change occured when in April of this year, after eight years as a member of the CFSV Board of Directors and a number of years as Executive Director, Vivian Rooks decided to step back from the Foundation’s daily operations. We thank Vivian for her many years of dedication and service to the Community Foundation of Swan Valley. Vivian will continue to volunteer with the Granting Committee of the Foundation.
In April, we also welcomed Donna Martin as our new Executive Director. Donna brings a great deal of expertise, enthusiasm and passion to her new role and we look forward to working with Donna for many years to come. Donna is always ready to answer any questions you may have about your Community Foundation.
The CFSV has also experienced growth. During the past fiscal year, the Foundation has received in excess of $64,000 in new contributions and has now reached $1.71 million in contributions since 2005. And over the past year, the market value of the Foundation has increased by just over $175,000 and at year’s end stood at almost $2.2 million. The Foundation has experienced an 11.86% average rate of return on its investments over the past five years. The best news of all is that the Community Foundation was able to distribute $75,118 in grants and scholarships during the year, bringing our twelve year total giving to $397,399.
Thank you to everone that has contributed to the CFSV, whether with financial contributions or with your volunteer time and energy. The work of the CFSV is something we can all be excited about.