Rapport annuel - Golf Canada Foundation

Transcription

Rapport annuel - Golf Canada Foundation
2014
T O R A I S E A N D G R A N T F U N D S F O R T H E A D VA N C E M E N T O F G O L F I N C A N A D A
Rapport annuel
R E C U E I L L I R E T A C C O R D E R D E S F O N D S P O U R L’ A VA N C E M E N T D U G O L F A U C A N A D A
Golf Canada Foundation
Fondation Golf Canada
The Golf Canada Foundation was organized in
1979 through the initiative of the Royal Canadian
Golf Association.
La Fondation Golf Canada a vu le jour en 1979
à l’initiative de l’Association Royale de Golf du
Canada.
The mandate of the Foundation, a registered
Canadian amateur athletic association, is to raise
and grant funds for the advancement of golf in
Canada. The Foundation delivers this mandate by
awarding scholarships to Canadian student golfers
and distributing grants to support initiatives in
women’s golf, junior golf, high performance golf,
collegiate golf, and golf heritage. Money is raised
for qualifying programs through fundraising
events, the Golf Canada Foundation Trustee
program, and other donation campaigns and
initiatives
Le mandat de la Fondation, une association
canadienne enregistrée de sport amateur, est de
collecter et octroyer des fonds pour l’avancement
du golf canadien. Conformément à sa mission, la
Fondation attribue des bourses à des étudiantsgolfeurs canadiens et finance diverses initiatives
comme le golf féminin, le golf junior, le golf de haute
performance, le golf universitaire et le patrimoine
golfique. Les sommes sont recueillies à la faveur
d’événements de collecte de fonds, du programme
Supporteurs de la Fondation Golf Canada et d’autres
campagnes et initiatives de collecte de fonds.
Événements
Events
The Golf Canada Foundation held four major fundraising events in 2014: the Golf Canada Foundation Monday Pro-Am at the RBC Canadian Open
in July (Montréal, Québec), the Wine, Women &
Shoes event celebrating Women’s Golf in August
(Markham, Ontario), the Golf Canada Foundation Monday Pro-Am at the CP Women’s Open in
August (London, Ontario), and the Celebration of
Golf event held in September at Angus Glen Golf
Club (Markham, Ontario).
Donations & Grants
La Fondation Golf Canada a organisé quatre
événements majeurs de collecte de fonds en 2014 :
Pro-Am du lundi de l’Omnium canadien RBC
(juillet, Montréal), Vin, femmes et chaussures,
un hommage au golf féminin (août, Markham,
Ontario), Pro-Am du lundi de l’Omnium féminin
Canadien Pacifique (août, London, Ontario) et
Célébration du golf, événement qui a eu lieu en
septembre au Angus Glen Golf Club de Markham,
en Ontario.
Dons et subventions
As a non-profit organization, the Foundation relies
on donations as an essential source of revenue. Tax
receipts are issued for all donations.
Les dons constituent la source principale de revenu
de la Fondation, un organisme sans but lucratif. Des
reçus à des fins fiscales sont émis pour tous les dons.
Board of Directors / Conseil d’administration
Members / Membres
Staff / Personnel
Paul McLean - President / Président
Peter McCarthy - Vice President / Vice-président
Cathy Macatavish - Past President and Honorary Chair /
Ancienne présidente et présidente d’honneur
Dennis Kavelman - Treasurer / Trésorier
Liz Hoffman - Secretary and Scholarship/Grant Committee
Chair / Secrétaire et présidente du Comité des bourses et
subventions
David Agnew
Geoff Beattie
Ian Leggatt
Jim Little
Karen Rackel Q.C.
Scott Simmons
Cailey Stollery
Kevin Sullivan
Martin Barnard
Chief Executive Officer
/ Chef de la direction
[ 2 ]
Golf Canada Foundation – Annual Report 2014
Spencer Snell
Operations Manager /
Gestionnaire des opérations
Golf Canada Foundation President's Report
Rapport du président de la Fondation Golf Canada
This year saw the Foundation take another
important step in establishing itself as the leading
source for golf philanthropy in Canada, giving out
almost $1 million in grants and scholarships in
2014.
We’re extremely proud to provide the financial
support for one of Golf Canada’s major initiatives,
launching the Young Pro Squad as a part of
Team Canada. This is an important program
that provides a bridge between the outstanding
successes Canada has had at the amateur level to
helping more young professional players make the
leap to a career at the top levels of the game.
Modeled after successful international programs,
Young Pro provides coaching, training camps,
financial assistance, and the latest in sports science
support to allow the players to focus on becoming
the best players possible. We strongly believe that
Canadians performing well on the world stage will
inspire the next generation of players to help grow
the game in Canada.
Foundation Donors and Events
Our Trustee program continues to grow, to a
total of 25 Trustees making an investment in
the Foundation and the programs we support.
Starting at a minimum investment of $5,000 per
year, Trustees receive exclusive access to all things
Canadian golf: events, experiences, access to top
players, and partner discounts and offers.
For the year the Foundation focused on four main
fundraising events:
1. The Monday Pro-Am at the RBC Canadian
Open, The Royal Montreal Golf Club
2. The Canadian Pacific Women’s Open Monday
Pro-Am, London Hunt and Country Club
3. Wine, Women, and Shoes, Angus Glen Golf
Club
4. Celebration of Golf, Angus Glen Golf Club
En 2014, la Fondation Golf Canada a fait un pas
de plus pour s’établir comme la première source
philanthropique de golf au Canada, octroyant près
de 1 million de dollars en subventions et bourses.
Nous sommes extrêmement fiers de soutenir
financièrement l’une des initiatives les plus
importantes de Golf Canada, le programme Jeune
pro, qui fait dorénavant partie d’Équipe Canada.
Voilà une initiative importante qui jette un pont
entre les niveaux amateur et professionnel pour aider
nos amateurs d’élite à avoir autant de succès dans les
rangs professionnels.
S’inspirant de programmes internationaux fructueux,
Jeune pro, par le truchement de l’entraînement,
de camps, d’aide financière et de la science du
sport, permettra aux membres de cette formation
d’atteindre leur plein potentiel. Nous sommes
convaincus qu’en obtenant des résultats probants
sur la scène mondiale, ces Canadiens inspireront la
génération suivante et contribueront à l’essor du golf
au Canada.
Donateurs et événements de la Fondation
Notre Programme de supporteurs continue de
croître. À ce jour, 21 supporteurs ont investi dans la
Fondation et dans les programmes qu’elle soutient.
Grâce à un investissement minimum de 5 000 $, les
Supporteurs obtiennent un accès exclusif à des tournois
et événements golfiques, aux joueurs les plus en vue et à
des offres spéciales de nos partenaires.
En 2014, la Fondation a concentré ses efforts sur
quatre événements de collecte de fonds :
1. Pro-Am du lundi de l’Omnium canadien RBC,
Club de Golf Royal Montréal
2. Pro-Am du lundi de l’Omnium féminin Canadien
Pacifique, London Hunt and Country Club
3. Vin, femmes et chaussures, Angus Glen Golf Club
4. Célébration du golf, Angus Glen Golf Club
Fondation Golf Canada – Rapport annuel 2014
[ 3 ]
Thank you to all who participated in these events
and all the volunteers who made these happen.
They made a significant contribution to programs
and to communicating our vision and mission.
Merci et à toutes les personnes qui ont participé à
ces événements et à tous les bénévoles qui les ont
rendus possibles. Elles ont apporté une contribution
importante aux programmes, en plus de propager notre
vision et mission.
Scholarships/Grants
The Golf Canada Foundation continued its longstanding support of collegiate golf in Canada by
awarding fourteen scholarships with a combined
value of $66,000, and 25 matching grants totaling
$100,000, which ensured $200,000 went toward
Canadian college and university golf programs.
I would like to thank the Scholarship/Grant
committee and the Women’s Fund committee for
their hard work and oversight of two important
Foundation programs in 2014.
I also wish to thank the Kucey family, Connor/
Spafford families and the Canadian Seniors’ Golf
Association for their continued funding of the
scholarships and new emphasis on giving back to
junior golf. Furthermore, I extend our thanks to
the Kanawaki Golf Club, the principle benefactor
of the Suzanne Beauregard Scholarships and the
New Brunswick Golf Association for the Mary
Ellen Driscoll Scholarship.
Bourses et subventions
La Fondation Golf Canada a poursuivi son soutien
au golf universitaire canadien en octroyant 14
bourses totalisant 66 000 $, ainsi que 25 subventions
paritaires totalisant 100 000 $, si bien que les
programmes de golf des universités et collèges
canadiens ont touché 200 000 $. Je remercie le
Comité des bourses et subventions et le Comité
du Fonds destiné aux femmes pour leurs efforts
inlassables et leur supervision de deux importants
programmes de la Fondation en 2014.
Je remercie également la famille Kucey, les familles
Connor/Spafford et l’Association canadienne des
golfeurs séniors qui ont continué d'attribuer des
bourses et de redonner au golf. Merci aussi au Club
de golf Kanawaki, premier bénéficiaire des Bourses
Suzanne-Beauregard, et l’Association de golf du
Nouveau-Brunswick pour la Bourse Mary Ellen
Driscoll.
I thank my fellow Directors for their hard work
and guidance through a year of growth and
development for the Foundation. I appreciate all
the effort and support that you all have committed
to the Foundation, and look forward to continuing
our work together in years to come.
Je remercie mes collègues du Conseil
d’administration pour leur travail acharné et leurs
sages conseils tout au long d’une année où la
Fondation a crû et s’est développée. J’espère pouvoir
continuer de collaborer avec vous pendant de
nombreuses années.
Respectfully submitted,
Le tout respectueusement soumis,
Paul McLean
President
Golf Canada Foundation
Paul McLean
Président
Fondation Golf Canada
[ 4 ]
Golf Canada Foundation – Annual Report 2014
CEO Report
Rapport du chef de la direction
Building on the new areas of focus we established
in 2013, 2014 provided many highlights and
successes. In 2014 we:
• expanded the popular Monday Pro-Am format
by adding the Canadian Pacific Women’s Open
Pro-Am in London, Ontario
• welcomed the voice of the Habs, Michel Lacroix,
Montreal Canadiens players and alumni to the
Monday Pro-Am at The Royal Montreal Golf
Club
• implemented a new collegiate matching funds
program and increased the number of beneficiary
schools by 39%
• celebrated women’s golf and the upcoming Pan
Am/Parapan Am Games at the inaugural World
Junior Girls championship at Angus Glen in
Markham, Ontario
• brought the wonderful Wine, Women and Shoes
event to Angus Glen
• funded the launch of Golf Canada’s Young Pro
program with five up-and-coming players
• cheered the first win on the PGA Tour from a
former Team Canada member, Nick Taylor
Financial Performance
Overall program donations were up 104% from
2013, and up 319% from 2012 due to growth
in our Trustees, events, and the addition of the
Women’s Fund. In order to continue growth in
2015, we are looking to expand our donor network
on the east coast and in western Canada.
Nous appuyant sur les domaines d’activité que nous
avons établis en 2013, nous pouvons conclure que
2014 aura été une année abondante en faits saillants et
en succès. En 2014 :
• nous avons ajouté le Pro-Am de l’Omnium féminin
Canadien Pacifique (London, ON) à celui de
l’Omnium canadien RBC;
• nous avons accueilli les joueurs, actuels et anciens,
des Canadiens de Montréal et la « voix » de l’équipe,
Michel Lacroix, au Pro-Am du lundi de l’Omnium
canadien RBC au Club de Golf Royal Montréal;
• nous avons implanté un nouveau programme de
subventions paritaires pour soutenir les universités
et collèges canadiens et avons augmenté de 39 %
le nombre d’établissements postsecondaires
subventionnés;
• nous avons célébré le golf féminin et les prochains
Jeux panaméricains et parapanaméricains à
l’occasion du tout premier Championnat mondial
junior féminin (Angus Glen Golf Club, Markham,
ON);
• nous avons présenté le superbe événement Vin,
femmes et chaussures, toujours au Angus Glen;
• nous avons subventionné, à son année de lancement,
le programme Jeune pro qui comprenait cinq espoirs
du golf canadien;
• nous avons applaudi à la première victoire sur le
Circuit PGA TOUR d’un ancien membre de Golf
Canada, Nick Taylor.
Rendement financier
Dans l’ensemble, les dons ont augmenté de 104 %
par rapport à 2013 et de 319 % par rapport à 2012
en raison de la croissance de notre Programme de
supporteurs, de nos événements et de l’ajout du Fonds
destiné aux femmes. Pour continuer sur notre lancée
en 2015, nous entendons élargir notre réseau de
donateurs sur la côte est et dans l’ouest du Canada.
Fondation Golf Canada – Rapport annuel 2014
[ 5 ]
Objectives for 2015
Objectifs pour 2015
As we reach out to the golf community across
Canada, we hope to deliver best in class events
unique to Canadian golf. We will build on an
excellent base of support by communicating our
message to new donors and companies interested
in investing in the future of Canadian golf as we
look toward golf ’s return to the Olympic Games in
Rio, 2016.
Alors que nous tendons la main à la communauté
golfique canadienne, nous souhaitons présenter des
événements de première classe, uniques sur la scène
canadienne du golf. Forts d’une base de soutien très
solide, nous communiquerons notre message à de
nouveaux donateurs et sociétés intéressés à investir
dans l’avenir du golf canadien à l’approche du
retour du golf au programme olympique, lors des
Jeux de Rio en 2016.
Thank you to Canadian Pacific, RBC, Citi
Canada, BMW, TO2015, the Montreal Canadiens,
Montreal Canadiens Alumni, our Trustees, and the
Foundation Board, all have been instrumental on
building the Foundation into one of the top sports
charities in Canada.
Martin Barnard
CEO
Golf Canada Foundation
[ 6 ]
Golf Canada Foundation – Annual Report 2014
Je remercie le Canadien Pacifique, RBC, BMW,
TORONTO 2015, les Canadiens de Montréal
et les Anciens Canadiens, nos supporteurs et le
Conseil d’administration de la Fondation Golf
Canada. Grâce à eux, la Fondation est l’une des
œuvres caritatives sportives sans but lucratif les plus
importantes au Canada.
Martin Barnard
Chef de la direction
Fondation Golf Canada
Women’s Fund Report
Rapport du Fonds destiné aux femmes
The Women’s Fund had a very rewarding year under the umbrella of the Golf Canada Foundation.
A total of $179,790.00 was granted from the fund
in 2014 for 5 very worthwhile projects.
Le Fonds destiné aux femmes a connu une année très
gratifiante sous l’égide de la Fondation Golf Canada.
En 2014, le Fonds a accordé des subventions totalisant
179 790 $ à cinq projets des plus méritoires.
1. Golf Canada World Junior Girls Championship
– $75,000
2014 saw the inaugural World Junior Girls Championship held at Angus Glen Golf Course. This
prestigious tournament was the first of its kind for
junior girls, involving 48 of the best young female
golfers from 15 countries. It also showcased the
CN Future Links National Skills Challenge and
delivered grass roots participation for young girls
through free golf clinics. The Women’s Fund grant
of $75,000 helped to make this event a huge success.
1. Championnat mondial junior féminin de Golf
Canada – 75 000 $
Le Championnat mondial junior féminin a été inauguré
en 2014 au Angus Glen Golf Course (Markham, ON).
Ce prestigieux tournoi créait un précédent pour les filles
juniors dont 48 représentaient 15 pays. Le championnat
a aussi donné lieu au Défi national junior d’habiletés
Premiers élans CN et, conscient de son engagement
envers la base, a proposé des leçons de golf gratuites à de
jeunes filles. La subvention de 75 000 $ du Fonds destiné aux femmes a contribué au succès de cet événement.
2. PGA of Canada
– $22,790
The PGA of Canada received $22,790 to enable
them to provide a variety of Coaching & Development opportunities to women members as well as
grassroots level community coaches.
3. Golf Quebec
– $2,000
Golf Quebec visited junior girls Ringette teams to
promote golf with the “She Swings, She Scores”
program. This program gave young girls the opportunity to use golf equipment in their own environment as well as a team visit to a local golf facility.
4. Wine, Women & Shoes
– $30,000
The Golf Canada Foundation held a “Wine,
Women & Shoes” evening at Angus Glen attracting over 200 attendees. It was a great opportunity
for Martin to explain the goals and purpose of the
Foundation to help grow the sport and create more
opportunities for women in golf.
2. PGA du Canada
– 22 790 $
La PGA du Canada a reçu 22 790 $ pour que ses membres féminins profitent de diverses opportunités sur les
plans de l’entraînement et du développement et pour
offrir des entraîneurs au niveau de la base.
3. Golf Québec
– 2 000 $
Golf Québec a visité des équipes de ringuette composées de filles juniors pour faire la promotion du golf par
le truchement du programme Elle s'élance et compte.
Ce programme permet aux jeunes filles d’utiliser de
l’équipement de golf dans un environnement familier et
de visiter un établissement de golf local.
4. Vin, femmes et chaussures
– 30 000 $
La Fondation Golf Canada a présenté un événement
Vin, femmes et chaussures au Angus Glen Golf Club,
de Markham, en Ontario, auquel assistaient plus de 200
personnes. Martin Barnard, notre chef de la direction,
en a profité pour expliquer les objectifs de la Fondation :
contribuer à l’essor du golf et créer plus de débouchés
pour les femmes.
Fondation Golf Canada – Rapport annuel 2014
[ 7 ]
5. Young Pro Program
– $50,000
The Women’s Fund approved $50,000 to go
directly towards matching donations to support a
team of young professionals. The primary focus is
to help improve the playing ability of players once
they turn pro by overcoming the many hurdles
they face in coaching, managing their careers,
equipment, sport science schedule and training.
This year recipients were: Rebecca Lee Bentham,
Jennifer Kirby and Sue Kim.
As Chair for 2014, I would like to extend a heartfelt thank you to our committee for their dedication and commitment in upholding the integrity
and mandate of this fund. Also thank you to
Martin, Spencer and the Foundation Board for
their desire to continue on with the mandate of
the Women’s Fund and who made this transition a
success.
5. Programme Jeune pro
– 50 000 $
Le Fonds destiné aux femmes a approuvé l’octroi
de 50 000 $ pour égaler les dons de soutien à
une équipe de jeunes professionnelles. L’objectif
premier est d’aider les jeunes pros à surmonter
les nombreux obstacles qui se dressent devant
eux durant la phase de transition du point de vue
de l’entraînement, de la gestion de carrière, de
l’équipement et de la science du sport. Rebecca
Lee-Bentham, Jennifer Kirby et Sue Kim ont été les
lauréates en 2014.
En ma qualité de présidente pour 2014, je remercie
sincèrement notre comité qui n’a ménagé aucun
effort pour préserver l’intégrité et le mandat du
Fonds destiné aux femmes. Je remercie également
Martin, Spencer et le Conseil d’administration de
la Fondation. Grâce à eux, le Fonds destiné aux
femmes a pu rester fidèle à son mandat et faire une
réussite de cette phase de transition.
Respectfully Submitted,
Le tout respectueusement soumis,
Pat Thompson
Chair
Women's Fund Committee
Golf Canada Foundation
[ 8 ]
Golf Canada Foundation – Annual Report 2014
Pat Thompson
Présidente,
Comité du Fonds destiné aux femmes
Fondation Golf Canada
Scholarship & Grants Committee Report
Rapport du Comité des bourses et subventions
The committee, once again evaluated scholarship
applications from all across Canada. In 2014 the
Foundation received 31 applications, a decrease
from 2013 numbers. We must re-focus efforts
to ensure prospective recipients are aware of the
available scholarships. In 2014, 17 students were
awarded scholarships and the combined value
of these awards was $66,000. Once again, it is
extremely important to implement a concerted
effort to increase awareness across Canada of the
scholarships available.
Le Comité, de concert avec Martin et Spencer, a
une fois de plus examiné les demandes de bourse
provenant de toutes les régions du Canada. En
2014, la Fondation a reçu 31 demandes, soit moins
qu’en 2013. Nous devons multiplier nos efforts
pour que les récipiendaires potentiels connaissent
l’existence de ces bourses. En 2014, la Fondation
a octroyé des bourses totalisant 66 000 $ à 17
étudiants. Encore une fois, il est extrêmement
important de concerter nos efforts pour tenir le
public canadien au courant des bourses disponibles.
The University Grant Fund
Fonds de soutien universitaire
In 2014 the granting process was changed to
provide incentives for the schools and their donors
to get more involved in supporting the collegiate
programs. Under the new process schools still
apply for funding, and once they are approved they
must demonstrate the amount that they have raised
externally over a specific time period. In 2014,
25 academic institutions submitted applications
requesting grant funding, an increase from 16
applications in 2013. All schools received funding,
and a total of $100,000 in grants was distributed to
the 25 golf programs generating over $200,000 to
support collegiate golf in Canada.
En 2014, le processus d’octroi a été modifié.
Désormais, les subventions accordées par la
Fondation égalent les fonds collectés par les
universités et collèges ayant un programme de
golf. Les établissements doivent encore faire une
demande de subvention. Une fois leur demande
approuvée, elles doivent révéler le montant qu’elles
ont recueilli à l’externe sur une période définie.
En 2014, 25 établissements d’enseignement ont
soumis une demande de subvention, soit 9 de
plus qu’en 2013. Tous les postulants ont reçu une
subvention. Celles-ci ont totalisé 100 000 $, si bien
que les 25 programmes de golf universitaires et
collégiaux ont pu compter sur plus de 200 000 $.
The goal of the grant program for Canadian
Universities and Colleges continues to be to
provide a viable option for young Canadian
golfers to pursue their post-secondary educations
in Canada. The program reached approximately
383 students this year, providing scholarships
for academics and funds for golf programs at the
schools, so that students can continue to play golf
while studying and developing as future members
of the Canadian business community.
A special thank you to the 2014 selection
committee members for their continued good work
and support:
L’objectif du programme de soutien aux universités
et collèges canadiens est de permettre aux jeunes
golfeuses et golfeurs canadiens de poursuivre leurs
études postsecondaires au Canada. Le programme,
qui a touché 383 étudiants en 2014, fournit
des bourses pour des programmes scolaires et
golfiques aux établissements postsecondaires. Ainsi,
les étudiants peuvent continuer de pratiquer le
golf tout en recevant une formation qui en fera
éventuellement des membres de la communauté
canadienne des affaires.
Nous remercions les membres du comité de
sélection de 2014 pour leur dévouement et leur
soutien continus :
Fondation Golf Canada – Rapport annuel 2014
[ 9 ]
• I an Giles, Ontario
• Jim Fraser, Ontario – representing the
Canadian Seniors Golf Association
• David Clark, Ontario – representing the
Canadian Seniors Golf Association
• Fran Marsden, Alberta
• Michel St-Laurent, Quebec
• Kay Thompson, Newfoundland
• Martin Barnard – Chief Executive Officer
• Spencer Snell – Staff
• Ian Giles, Ontario
• Jim Fraser, Ontario – représentant de
l’Association canadienne des golfeurs séniors
• David Clark, Ontario – représentant de
l’Association canadienne des golfeurs séniors
• Fran Marsden, Alberta
• Michel St-Laurent, Québec
• Kay Thompson, Terre-Neuve
• Martin Barnard – Chef de la direction
• Spencer Snell – membre du personnel
Respectfully submitted,
Le tout respectueusement soumis,
Liz Hoffman
Chair
Scholarship & Grants Committee
Golf Canada Foundation
Liz Hoffman
Présidente
Comité de bourses et de subventions
Fondation Golf Canada
[ 10 ]
Golf Canada Foundation – Annual Report 2014
Scholarships & Grants
Bourses d’études et subventions
Scholarships
Bourses d’études
Choquette Family Foundation Scholarships (4)
– $5,000
For student golfers in strong academic standing
who best exemplify the ideals of global fellowship
• Daniel Cluney of Corner Brook, Nfld.
(Holland College)
• Krysta Schaus of Fredericton, N.B.
(Erskine College)
• Bruce Tomie of Bedford, N.S.
(University of Victoria)
• Jesse Teron of Red Deer, Alta. (University of
Victoria)
Bourses de la Fondation Famille Choquette (4)
– 5 000 $
Remises à des étudiants-golfeurs qui, en plus d’être
doués pour les études, incarnent les idéaux de la
citoyenneté mondiale
• Daniel Cluney, de Corner Brook à Terre-Neuve
(Collège Holland)
• Krysta Schaus, de Fredericton au NouveauBrunswick (Collège Erskine)
• Bruce Tomie, de Bedford en Nouvelle-Écosse
(Université de Victoria)
• Jesse Teron, de Red Deer en Alberta
(Université de Victoria)
ClubLink Scholarship of Excellence Award (2)
– $5,000
For outstanding records in both academics and golf
• Trent Abraham of Burlington, Ont.
(University of British Columbia)
• Brianna Carrels of Lethbridge, Alta.
(University of Victoria)
Connor/Spafford Scholarship Award (2)
– $5,000
Presented to eligible students from Atlantic
Canada, with an emphasis on Nova Scotia residents
• Brynn Tomie of Bedford, N.S.
(University of Victoria)
• Myles Creighton of Digby, N.S
(Radford University)
Geordie Hilton Academic Scholarship Award (1)
– $5,000
Presented to students entering their second year of
business studies or beyond
• Valérie Tanguay of St-Hyacinthe, Que
(University of Oklahoma)
Bourses d’excellence ClubLink (2)
– 5 000 $
Pour souligner des résultats scolaires et golfiques
remarquables
• Trent Abraham, de Burlington en Ontario
(Université de la Colombie-Britannique)
• Brianna Carrels, de Lethbridge en Alberta
(Université de Victoria)
Bourses d’études Connor/Spafford (2)
– 5 000 $
Remises à des étudiants ou étudiantes admissibles
du Canada atlantique et, plus particulièrement, à
des résidants de la Nouvelle-Écosse
• Brynn Tomie, de Bedford en Nouvelle-Écosse
(Université de Victoria)
• Myles Creighton, de Digby en Nouvelle-Écosse
(Université Radford)
Bourse d’études Geordie Hilton (1)
– 5 000 $
Remise à des étudiants ou étudiantes de deuxième
année ou plus en administration des affaires
• Valérie Tanguay, de Saint-Hyacinthe au Québec
(Université de l’Oklahoma)
Fondation Golf Canada – Rapport annuel 2014
[ 11 ]
Canadian Seniors’ Golf Association (CSGA)
Scholarship Award (2) – $3,000
Presented to support player development in
Canada by providing financial assistance to young
Canadian men and women who elect to obtain an
education and participate in the golf program at a
Golf Canada Foundation-recognized university in
Canada
• Russell Bowie of Mississauga, Ont.
(Queen’s University)
• Jack Wood of Banff, Alta.
(University of British Columbia)
Bourses d’études de l’Association canadienne
des golfeurs séniors (2) – 3 000 $
Remises pour le développement des joueurs et
joueuses au Canada sous forme d’aide financière à
de jeunes Canadiens et Canadiennes qui choisissent
de poursuivre leurs études et leur apprentissage du
golf dans une université canadienne reconnue par la
Fondation Golf Canada
• Russell Bowie, de Mississauga en Ontario
(Université Queen’s)
• Jack Wood, de Banff en Alberta
(Université de la Colombie-Britannique)
John Powell Memorial Scholarship Award (1)
– $3,000
Created in honor of former CSGA Executive
Director John Powell
• Justin Shanks of Sussex Corner, N.B.
(Holland College)
Bourse d’études commémorative John Powell (1)
– 3 000 $
Créée à la mémoire de John Powell, ancien
directeur général de l’Association canadienne des
golfeurs séniors
• Justin Shanks, de Sussex Corner au NouveauBrunswick (Collège Holland)
Marlene Streit Golf Scholarship Award (2)
– $3,000
Presented to standout Canadian female golfers
attending Canadian universities and colleges
• Rachel Cormier of Rothesay, N.B.
(University of New Brunswick)
• Ana Peric of Etobicoke, Ont.
(University of Toronto)
William Kucey Scholarship (1)
– $2,000
Family man, community man and golfer
William Kucey’s legacy and love for the sport are
honoured by the Charles and Jane Kucey Foundation through the creation of “The William Kucey
Scholarship” in partnership with the Golf Canada
Foundation. This scholarship will be used to support young golfers who wish to pursue their studies
at McMaster, Queen’s or University of Toronto
• Heather Wogden of Barrie, Ont.
(Queen’s University)
[ 12 ]
Golf Canada Foundation – Annual Report 2014
Bourses de golf Marlene Streit (2)
– 3 000 $
Remises à des golfeuses exceptionnelles fréquentant
une université ou un collège canadien
• Rachel Cormier, de Rothesay au NouveauBrunswick (Université du Nouveau-Brunswick)
• Ana Peric, d’Etobicoke en Ontario
(Université de Toronto)
Bourse d’études William Kucey (1)
– 2 000 $
La Fondation Charles et Jane Kucey perpétue la
mémoire de William Kucey, golfeur et homme voué
à sa famille et à sa communauté, par le truchement
de la Bourse d’études William Kucey, en partenariat
avec la Fondation Golf Canada. Cette bourse aide
de jeunes golfeurs et golfeuses qui fréquentent les
universités McMaster, Queen’s ou Toronto.
• Heather Wogden, de Barrie en Ontario
(Université Queen’s)
Suzanne Beauregard Scholarship (2) – $2,000
To support young golfers who wish to pursue their
studies in a territory governed by Golf Québec
• Caroline Ciot of Brossard, Que.,
(Université de Montréal)
• Kurtis Campbell of St-Lazare, Que.
(Lincoln Memorial University)
Bourses d’études Suzanne-Beauregard (2)
– 2 000 $
Pour appuyer les jeunes golfeurs et golfeuses désireux de poursuivre leurs études dans un territoire
sous la juridiction de Golf Québec
• Caroline Ciot, de Brassard au Québec
(Université de Montréal)
• Kurtis Campbell, de Saint-Lazare au Québec
(Université Lincoln Memorial)
Grants
Subventions
The following 25 schools were awarded grants
in 2014:
University of Alberta
University of the Fraser Valley
University of Lethbridge
University of Guelph
Fanshawe College
Carleton University
University of British Columbia
Wilfrid Laurier University
University of Ontario Institute of Technology
Holland College
University of Ottawa
Université Laval
Bishop's University
University of Waterloo
Western University
University of Manitoba
Université du Québec à Trois-Rivières
University of Calgary
University of Toronto
University of Victoria
Humber College
Queen's University
Georgian College
MacEwan University
Universite de Montreal
Voici les 25 établissements d’enseignement qui
ont obtenu une subvention en 2014 :
Université de l’Alberta
Université Fraser Valley
Université de Lethbridge
Université de Guelph
Collège Fanshawe
Université Carleton
Université de la Colombie-Britannique
Université Wilfrid-Laurier
Institut de technologie de l’Université de l’Ontario
Collège Holland
Université d’Ottawa
Université Laval
Université Bishop’s
Université de Waterloo
Université Western
Université du Manitoba
Université du Québec à Trois-Rivières
Université de Calgary
Université de Toronto
Université de Victoria
Collège Humber
Université Queen’s
Collège Georgian
Université MacEwan
Université de Montréal
Fondation Golf Canada – Rapport annuel 2014
[ 13 ]
Trustee Program
Programme de supporteurs
The Golf Canada Foundation Trustee program
continued to grow in 2014. For our most trusted
supporters passionate about growing the game in
Canada, the Trustee program offers individuals,
organizations, and golf clubs the opportunity to
partner with the Foundation and help support our
areas of impact. Starting at a minimum investment
of $5,000 per year, Trustees receive exclusive access
to all things Canadian golf: events, experiences,
access to top players, and partner discounts and
offers.
The Trustee program allows individuals and organizations the opportunity to make a significant
difference and play an active role in building and
growing the sport of golf across the nation. The
enthusiasm with which our trustees show their support is very encouraging, and their contributions
do not go unnoticed. The foundation is happy to
highlight the following individuals and organizations who have become Golf Canada Foundation
Trustees since the launch of the program in 2013:
Le Programme de supporteurs de la Fondation Golf
Canada a poursuivi son expansion en 2014. Pour
nos plus fidèles supporteurs que passionne l’essor du
golf au Canada, le Programme de supporteurs offre
aux individus, aux organisations et aux clubs de golf
l’occasion de devenir partenaires de la Fondation
et d’aider à soutenir nos secteurs d’impact. En
contrepartie d’un investissement minimum de 5 000 $
par année, les supporteurs reçoivent un accès exclusif
à tout ce que peut offrir le golf canadien : événements,
expériences, accès aux meilleurs joueurs, offres
spéciales de nos partenaires.
Le Programme des supporteurs permet à des individus
et à des organismes de jouer un rôle actif dans la
croissance du golf au pays. L’enthousiasme et la
générosité de nos supporteurs sont très encourageants.
La Fondation est heureuse de souligner l’apport
des individus et organismes qui se sont joints au
Programme des supporteurs de la Fondation Golf
Canada en 2013 :
CSGA
David Atkinson
CSGA
David Atkinson
Andrew Cook & Anne
Jewett
Mike Carroll
Andrew Cook & Anne
Jewett
Mike Carroll
Paul McLean
Paul and Pierre
Choquette
Paul McLean
Paul and Pierre
Choquette
Peter McCarthy
Shaw Charity Classic
Peter McCarthy
Shaw Charity Classic
Geoff Beattie
Cailey Stollery
Geoff Beattie
Cailey Stollery
Dennis Kavelman
Jim Little
Dennis Kavelman
Jim Little
Kevin Sullivan
John Francis
Kevin Sullivan
John Francis
Karen Rackel
Howard Atkinson
Karen Rackel
Howard Atkinson
Charles Kucey
Steve Lister & Dr.
Molly Rundle
Charles Kucey
Steve Lister & Dr.
Molly Rundle
David Kincaid
Darryl MacLellan
David Kincaid
Darryl MacLellan
Scott Simmons
Norm Kalyniuk
Scott Simmons
Norm Kalyniuk
David Agnew
Jim Westlake
David Agnew
Jim Westlake
Worden Teasdale
[ 14 ]
Golf Canada Foundation – Annual Report 2014
Worden Teasdale
Events Recap
Rétrospectives des événements
Women’s Golf Event
Événement golfique pour dames
Building on both the success of last year’s “Wine,
Women & Shoes” event in Edmonton, as well as
the growing excitement around Angus Glen hosting the 2014 World Junior Girls’ Championship
and 2015 Pan Am golf event, the Golf Canada
Foundation held an event focusing on women’s
golf the evening of August 10th at Angus Glen
Golf Club.
Forte du succès de l’événement Vin, femmes et
chaussures de 2013 à Edmonton, la Fondation
Golf Canada, tirant aussi profit de l’excitation
entourant Angus Glen, hôte du Championnat
mondial junior féminin 2014 et de la compétition
de golf des Jeux panaméricains de 2015, a présenté
un événement similaire le soir du 10 août au Angus
Glen Golf Club.
Similar to last year, the theme of the evening was
“Wine, Women & Shoes”, and the event was
advertised as a fun, unique evening involving shopping, wine, golf, and fashion. Due largely to the
great efforts put forth by the event committee, the
Foundation managed to attract over 200 attendees
to the event.
Comme l’année précédente, sous le thème Vin,
femmes et chaussures, cet événement unique faisait
large part au magasinage, au vin, au golf et à la
mode. Les efforts du comité d’organisation ont été
récompensés puisque plus de 200 personnes ont
participé à l’événement.
The committee included Golf Canada Foundation Board members Cailey Stollery (President of
Angus Glen) and Liz Hoffman. The Angus Glen
staff were also key contributors to the event’s success. There were wines from 8 different wineries,
clothing and accessories on sale from 10 different vendors, and a fantastic fashion show to cap
off the night. The evening’s host and auctioneer
was Evanka Osmak, a sports anchor for Rogers
Sportsnet who has also helped Golf Canada with
the Golf Fore the Cure initiative in the past. With
over 20 auction items and four different raffle
competitions to participate in, the evening was full
of fun activities and contests.
Martin Barnard, the CEO of the Golf Canada
Foundation, spoke to the crowd to explain the
goals and purpose of the Golf Canada Foundation,
and every attendee received a pamphlet about the
Foundation. Cailey also spoke to the crowd and
explained how golf played a significant role in her
family and in her life, and thanked everyone for
contributing to the Foundation and helping to
grow the sport and create more opportunities for
women in golf.
Le comité comprenait deux membres du Conseil
d’administration de la Fondation Golf Canada,
Cailey Stollery, présidente d’Angus Glen, et Liz
Hoffman. Le personnel d’Angus Glen a aussi
grandement contribué au succès de l’événement.
Le vin provenait de huit établissements vinicoles,
les vêtements et accessoires de 10 fournisseurs,
le clou de la soirée étant un fantastique défilé de
mode. Evanka Osmak, de Rogers Sportsnet, a joué
le double rôle d’animatrice et commissaire-priseur,
elle qui a aussi prêté son concours dans le passé
à Vert la guérison, une autre initiative de Golf
Canada. Plus de 20 objets ont été mis aux enchères
tandis que quatre tombolas étaient tirées, le tout à
l’enseigne du plaisir.
Martin Barnard, chef de la direction de la Fondation Golf Canada, a expliqué au public les objectifs
de la Fondation, chaque personne présente se voyant remettre un dépliant sur la Fondation. Cailey a
quant à elle expliqué le rôle important du golf dans
sa famille et dans sa vie. Elle a remercié l’assemblée
de sa contribution à la Fondation et à l’essor du
golf en général et du golf féminin en particulier.
Fondation Golf Canada – Rapport annuel 2014
[ 15 ]
The Golf Canada Foundation was fortunate to
work with fantastic sponsors and partners and be
able to host a great event at a wonderful venue.
More importantly, the Foundation managed to
spread more awareness for both the organization as
a whole and our mission going forward.
La Fondation Golf Canada a pu être l’hôte de cette
soirée inoubliable dans un endroit de rêve grâce
à collaboration précieuse de commanditaires et
partenaires. Plus important encore, la Fondation a
réussi à sensibiliser le public à son existence et à sa
mission.
Golf Canada Foundation Pro-Am
(RBC Canadian Open)
Pro-Am de la Fondation Golf Canada
(Omnium canadien RBC)
2014 marked the second year of the Golf Canada
Foundation Pro-Am on the Monday of the RBC
Canadian Open. On Monday July 21st, the ProAm was held at the Royal Montreal Golf Club in
Ile-Bizard, Quebec. The objective of the Pro-Am
was to create awareness and raise funds for Foundation initiatives, in particular the Young Pro program instituted by Golf Canada.
Pour la deuxième fois en 2014, le Pro-Am de la
Fondation Golf Canada s’est déroulée le lundi de
l’Omnium canadien RBC, soit le 21 juillet, au
Club de Golf Royal Montréal de l’Île-Bizard, au
Québec. L’objection du Pro-Am était de sensibiliser le public aux initiatives de la Fondation Golf
Canada et à collecter des fonds, particulièrement
pour le programme Jeune pro, une initiative de
Golf Canada.
The Pro-Am was supported by the sponsors of the
RBC Canadian Open and featured the top Canadian golfers, including the five Canadians on the
PGA Tour, as well as alumni and current players
from the Montreal Canadiens. There were 20
teams that participated, and the day included food
stations on-course, premium gifting, and a full
lunch reception preceding the round. The reception included a silent and live auction as well as a
panel hosted by the voice of the Canadiens, Michel
Lacroix. The panel featured Mike Weir, Stephen
Ames, Graham DeLaet, David Hearn, and Brad
Fritsch.
The evening was a great success and allowed the
Golf Canada Foundation to grant over $115,000
to golf initiatives across the country. The Golf
Canada Foundation will continue to manage the
Monday Pro-Am at the RBC Canadian Open and
is looking forward to hosting the next event at the
Glen Abbey Golf Club in 2015.
[ 16 ]
Golf Canada Foundation – Annual Report 2014
Le Pro-Am était soutenu par les commanditaires
de l’Omnium canadien RBC et mettait en vedette
l’élite canadienne du golf, y compris les cinq Canadiens membres du Circuit PGA TOUR, ainsi que
des joueurs, anciens et actuels, des Canadiens de
Montréal. Vingt équipes ont participé au Pro-Am
qui proposait des postes de ravitaillement sur le
parcours. De plus, les participants ont reçu des cadeaux et ont été invités à un lunch avant la ronde.
La réception, animée par Michel Lacroix, la « voix »
des Canadiens, a été marquée par un encan (conventionnel et silencieux). De plus, des questions
ont été posées à un panel composé de Mike Weir,
Stephen Ames, Graham DeLaet, David Hearn et
Brad Fritsch.
L’événement s’est avéré un franc succès et a permis
à la Fondation Golf Canada de recueillir plus de
115 000 $ pour des initiatives de golf d’un bout
à l’autre du pays. La Fondation Golf Canada
continuera de gérer le Pro-Am du lundi lors de
l’Omnium canadien RBC de 2015 qui aura lieu au
Glen Abbey Golf Club d’Oakville, en Ontario.
Golf Canada Foundation Pro-Am
(Canadian Pacific Women's Open)
Pro-Am de la Fondation Golf Canada
(Omnium féminin Canadien Pacifique)
In 2014 the Golf Canada Foundation took control
of the Monday Pro-Am at the CP Women’s Open.
On Monday August 18th, the Pro-Am was held
at the London Hunt & Country Club in London,
Ontario. Similar to the Foundation Pro-Am at the
RBC Canadian Open, the objective of this event
was to create awareness and raise funds for programs supported by the Golf Canada Foundation.
En 2014, la Fondation Golf Canada est devenue
l’organisatrice du Pro-Am du lundi de l’Omnium
féminin Canadien Pacifique. L’événement a eu lieu
le 18 août au London Hunt & Country Club de
London, en Ontario. Comme pour le Pro-Am de
l’Omnium canadien RBC, l’objectif était de sensibiliser le public à la Fondation Golf Canada et à ses
programmes.
The Pro-Am was hosted by Lorie Kane and featured the top Canadian female golfers as well as
various other Canadian celebrity athletes, including Tessa Virtue and Becky Kellar. There were 19
teams that participated, and the day included a
light lunch, gifting stations in the clubhouse, and
a full dinner reception at the conclusion of the
round. The reception included a silent and live
auction as well as a panel hosted by TSN sportscaster Rod Black, featuring Lorie Kane, Brooke
Henderson, Sue Kim, Rebecca Lee-Bentham, and
Team Canada coach Tristan Mullally.
Lorie Kane était l’hôtesse de ce Pro-Am auquel ont
participé les meilleures golfeuses du pays et d’autres
athlètes canadiennes de renom comme Tessa Virtue
et Becky Kellar. Dix-neuf équipes ont pris le départ
après l’heure du lunch. Toutes les participantes ont
eu droit à un cadeau et ont été invitées à une réception après la ronde. La soirée, marquée d’un encan
(conventionnel et silencieux), était animée par Rod
Black, commentateur sportif à TSN. Des questions ont été posées à un panel composé de Lorie
Kane, Brooke Henderson, Sue Kim, Rebecca LeeBentham et Tristan Mullally, entraîneur d’Équipe
Canada.
The evening was a tremendous success and raised
over $30,000 while increasing awareness of the
Foundation in a new city. The Golf Canada
Foundation will continue to manage the Monday
Pro-Am at the CP Women’s Open and is looking
forward to hosting the next event at The Vancouver
Golf Club in 2015.
La soirée a été un franc succès et a permis de
recueillir plus de 30 000 $ tout en augmentant
la notoriété de la Fondation. La Fondation Golf
Canada continuera de gérer le Pro-Am du lundi de
l’Omnium féminin Canadien Pacifique de 2015
qui aura lieu au Vancouver Golf Club.
Celebration of Golf (with Toronto 2015
Pan Am / Parapan Am Games)
Célébrer le golf (Jeux panaméricains et
parapanaméricains de 2015)
The Golf Canada Foundation teamed up with the
TORONTO 2015 Pan Am/Parapan Am Games
to run a fundraising event in Markham, Ontario
in 2014. The tournament was a junior-am, where
groups of three were each teamed up with two
players from the inaugural World Junior Girls
Championship at the Angus Glen Golf Club.
En 2014, la Fondation Golf Canada, de concert
avec les Jeux panaméricains et parapanaméricains
de 2015 à Toronto, a organisé une collecte de fonds
à Markham, en Ontario. Il s’agissait d’un tournoi
junior par équipes. Chacune comprenait cinq
membres, dont deux golfeuses participant au tout
premier Championnat mondial junior féminin au
Angus Glen Golf Club.
Fondation Golf Canada – Rapport annuel 2014
[ 17 ]
The event was also themed as a showcase of the
elite athletes and sports that will be a part of the
Pan Am/Parapan Am Games. At several holes
on the course, Canadian Pan Am and Parapan
Am athletes greeted the groups and participated
in sport-related activities with the guests. At the
round’s conclusion participants enjoyed a dinner reception and silent auction. The evening was
hosted by CBC sports broadcaster Scott Russell,
who also partook in a one-on-one interview on
stage with the world’s top female amateur golfer,
Canadian Brooke Henderson. Chief Executive Officer of TORONTO 2015, Saäd Rafi, also participated in the event and spoke to the audience about
the upcoming multi-sport games.
The Celebration of Golf Event raised over $60,000
and was a successful pre-cursor to the World Junior
Girls Championship later that week. The event
built up excitement and enthusiasm for the sport
of golf, enhanced guests’ knowledge of the Golf
Canada Foundation, and provided an excellent
preview for the 2015 Pan Am/Parapan Am Games
in Toronto.
[ 18 ]
Golf Canada Foundation – Annual Report 2014
L’événement était également une vitrine pour les
athlètes et les sports qui feront partie des Jeux
panaméricains et parapanaméricains. Des athlètes
de ces Jeux ont accueilli les groupes sur plusieurs
trous du parcours et ont participé à des activités
parasportives avec les invités. Le tournoi a été suivi
d’une réception et d’un écran silencieux. Scott Russell, commentateur sportif à CBC, a animé la soirée
et interviewé la Canadienne Brooke Henderson, la
golfeuse amateur la mieux classée au monde. Saäd
Rafi, directeur général de TORONTO2015, s’est
adressé au public au sujet du cette grande manifestation multisport.
L’événement, qui a recueilli plus de 60 000 $, a
été de bon augure pour le Championnat mondial
junior féminin qui a eu lieu la semaine suivante. Il
a suscité de l’enthousiasme pour le golf, a sensibilisé les participants à la Fondation Golf Canada
et a constitué une avant-première appréciée pour
la compétition de golf des Jeux panaméricains et
parapanaméricains de 2015.
Golf Canada Foundation Supporters
Supporteurs de la Fondation Golf Canada
The Foundation’s mandate could not have been carried out without the generous support of the following individual
donors and organizations:
La Fondation Golf Canada ne pourrait remplir son mandat sans l'appui des individus et des organismes suivants :
INDIVIDUALS
/ INDIVIDUS
Agnew, David
Alepin, Jacques
Alexander, Doug
Allaire, Gérald
Allen, Thomas
Anderson, Dawn
Anderson, Floyd
Anderson, Jamie
Angus, David
Astley, Robert
Atkinson, David
Atkinson, Howard
Atterbury, Gary
Austin, Terry
Back, Howard
Bannan, Doug
Barnard, Martin
Barnes, Peter
Barton, Christopher
Batchelor, Paul
Batt, Ron
Bauldic, Michael
Beattie, Geoff
Beatty, David
Bell, David
Belmer, Michael
Bennett, Rick
Bentley, Peter
Berdock, Bruce
Berg, Melvin
Bethune, John
Bide, Linda
Birchard, Peter
Birrell, Peter
Bissonnette, Bob
Blake, Bob
Boden, William
Boland, Kevin
Bolger, John
Boswick, Carl
Bourne, Donna
Bowland, James
Boyes, Bayne E.
Brennan, John
Brent, Tom
Brewer, Douglas
Broad, Michael
Brodie, Eric
Bronstetter, Michael
Brown, Don
Brown, Doug
Brown, Greg
Brownridge, Alan
Bull, John
Byrne, Philip
Caithness, Trev
Campbell, Marc
Caravaggio, Edge
Carroll, Michael
Casey, Brian
Cayley, Alasdair
Ceravolo, Nick
Charal, Phil
Chew, Randy
Chiu , George
Chung, Hyun-Suk
Cimoroni, Dan
Clair, Des
Clappison, John
Clark, Dave
Cliff, Ron
Cole, John
Collier, Shelley
Connor, Denis
Connor, John
Cook, Andrew & Jewett, Anne
Cook, Bob
Cooke, Graham
Cooper, Grant and Elizabeth
Cooper, Larry
Corcoran, Peter
Corner, Steve
Courtois, Marc
The Coyle Family
Creber, Bill
Creed, Emerson
Crombie, Stephen
Cullen, Mark
Culver, Dave
Curry, James
Cutler, Maurice
Darling, Bob
Davey, Brian
Davidson, Jamie
Davidson, Jim
Davidson, John
Davignon, Bob
Davis, Donald
Davis, Dr. George
Davis, Frank
Dawber, Mark
DeCorso, Bonnie
Dellelce, Perry
Demetrick, Gordon
Denhamer, Peter
Desmarais, Louis
Desrosiers, Georges
Deveau, Q.C., Roland
Dewar, Donald
Dietrich, Jack
Dingle, Paul
Dionne, Jean
Doherty, Darcy
Domokos, Rick
Donaldson, Walter
Doolittle, Doug
Duffy, Andrew & Catherine
Duggan, Denise
Duncan, Larry
Dunlop-Hébert, Diane
Durand, Dale
Duval, Maurice
Easson, John
Eccles, George
Egerton, Shirley
Eidt, John
Ellis, Peter
Elsey, Scott
Elwood, Lindsey
Emerson, Dave
Fantin, Ben
Farrell, Patrick & Joanne
Fay, Jim
Ferguson, David
Ferries, David
Findlay, Paul
Firstbrook, Ron
Fisher, Brian
Fitzpatrick, Bryan
Fitzpatrick, Murray
Fitzpatrick, Norm
Fleming, Alastair
Fleming, Rowland
Fletcher, Edward
Fletcher, Ted
Ford, Kevin
Ford, Maryellen
Foreman, Michael
Foy, John
Francis, John
Frank, Christopher
Frank, John
Frascione, Gerry
Fraser, Jim
Freedman, David
Froggatt, Michael
Frost, John
Fujarczuk, Jennifer
Fullerton, James
Fyshe, Michael
Gaiger, James
Gallinger, John
Galpin, Robert
Garner, David
Gates, Jeff
Gauthier, Jean Guy
George, Cal
Getliffe, John
Gibb, Robert
Gibson, Gordon
Giroux, Bob
Goldman, Norm
Goldsack, Linda
Goodwin, Christopher
Goossens, Diane
Gordon, Robert
Govan, Chris
Graff, Cecil
Fondation Golf Canada – Rapport annuel 2014
[ 19 ]
Golf Canada Foundation Supporters
Supporteurs de la Fondation Golf Canada
Graff, Dennis
Green, Robert
Green, Ron
Greenfield, Alan
Grégoire, Jacques
Grimes, Randy
Gruehl, Marc
Guertin, Mario
Guthrie, Robert
Haber, Chris
Hamilton, Duncan
Hamilton, Gar
Hamm, Richard
Hancock, Rodney
Healy, Thomas
Hebb, Mike
Heer, Robert
Hencher, Dave
Hendrie, Geordie
Hennessy, Ralph
Hewson, Donald
Hilliard, Nigel
Hodgson, Rich
Hoffman, Liz
Holden, Jeff
Holden, Waldo
Hope, Peter
Horrocks, Michael
Howson, Rick
Hughes, Kevin
Hunt, Marilyn
Hunter, Bryce
Hurlburt, Stephen
Iaccino, Joe
Ingram, Christopher
Israel, Jim
Jablonski, Stan
Jackson, Michael
Jackson, Rick
Jackson, Robert C
Jackson, Terry
Jeffery, Brian
Jeffery, Peter
Jenkins, Bill
Jessome, Raymond
Johnson, Peter
Johnston, Pat & Darlene
Jones, William
Juzenas, Frank
[ 20 ]
Kalyniuk, Norm
Karrys, Tom
Kaufman, David
Kavelman, Dennis
Kennedy Jr., Harry
Kenney, Grant
Kerr, David
Kertsos, Christopher
Keuleman, Mark
Kincaid, David
King, Rai
Kingston, Tom
Kirby, Mike
Knight, Ray
Knowlton, Gord
Konigsberg, Philip
Korby, Fred
Korman, Joe
Korman, Paula
Kraemer, John
Kucey (Dr.), Sam
Kucey, Charles
Kummer, Larry
Kurczyk, Norm
Laff, Norman
Lamont, Tom
Lamoureux, Robert
Langley, Walter
Langlois, Emile
Lanthier, Spencer
Latimer, John
Laurie, Frank
Law, Tom
Leboldus, Gord
Lederer, Chris
Lederer, Ian
Lees, David
Leggatt, Ian
Leriche, Gordon
Li, Ming
Lickrish, Gordon
Lincoln, Rose
Lindsay, Alan
Lindsay, Ardis
Lister, Stephen & Rundle, Dr.
Molly
Little, Bob
Little, Jim
Lockwood, Richard
Golf Canada Foundation – Annual Report 2014
Loewen, Jim
Loggin, Rick
Loree, Grant
Lorenz, Judith
Lowden, Stephens
Luciani, Gino
Lynch, Peter
Lyons, Ken
Macdonald, Barry
Macdonald, Grant
Macdougall, Bart
Macintyre, Doug
MacLellan, Daryl
Macnicol , Nicol
Maize, Bill
Manchester, Paul
Manjgaladze, George
Marchment, Mark
Marcus, Malcolm
Marrone, Nick
Marshman, Steve
Matheson, Brian
Matheson, Charlie
Maue, Gary
McBrearty, Don
McCallum, Donald
McCart, David
McCarthy, Pat
McCarthy, Peter
McCarthy, David
McCloskey, Robert
McDermid, John
McDermott, Ted
McDonald, Bruce
McDonald, Corinne
McDougall, Donald
McDougall, Len
McGibbon, Bruce
McGlade, Allan
McGuire, Brian
McKinnon, Michael
McLean, Kyle
McLean, Paul
McLellan, Karen
McMorran, Bud
McRae, Lawrence
Mealia, John
Mealia, Michael
Meharg, Matthew
Meiklejohn, Gordon
Menage, Vic
Meyer, Linda
Mick, David
Millar, Robert
Millman, Mike
Mocherniak, Dan
Moffatt, Lorry
Montgomery, Ian
Moon, Dave
Mori, Brian
Munnoch, Keith
Murphy, Janet
Myers, Robert
Nanni, Carl
Nash, David
Nevills, David
Nicholson, Errol
Nicol, David
Nixon, Craig
Nugent, John
Obendorf, Philip
O'Brian, Liam
O'Brien, Bill
O'Hagan, Michael
Olech, Catherine
Panek, Robert
Parker, Lloyd
Partland, Daniel
Pate, John
Patrick, William
Patterson , Al
Pattinson, Larry
Peacock, John
Peacock, Steve
Peck, Gordon
Perkin, Al
Perrow, Paul
Peter, Joe
Pinder, Herb
Pinder, Richard
Pinder, Thomas
Poirier, Guy
Pollock, Daryl
Pommier, Paul
Pope, Richard
Pratt, Matt
Prendiville, William
Prest, David
Golf Canada Foundation Supporters
Supporteurs de la Fondation Golf Canada
Price, Tim
Pringle, Derrick
Pritchard, Scott
Probert, Pat
Prosser, Charles
Przybyszewski, Teresa
Querney, Al
Rackel, Karen
Rankin-Nash, Erin
Rayner, Ronald
Rea, Michael
Reardon, Dr. Gerry
Reimer, Ron
Reiterowski, Anne
Renaud, Michael
Richardson, Tom
Riley, Ron
Roberts, Jack
Roberts, Kelly
Robertson, Robert
Robinson, Bill
Robinson, Todd
Rogers, Scott
Ross, Allan
Rothwell, John
Roxburgh, Douglas
Rundle, Pauline
Russell, Andy
Salsberg, Eric
Santangelli, Frank
Scapiletti, Roberta
Schnarr, Glen
Schoenhals, Paul
Seegmiller, Harold
Shacter, Manny
Sharkey, Paul
Shaw, Sandra
Sherwin, Lori
Shortt, David
Simandl, Dave
Simmonds, Douglas
Simmons, Scott
Simpson, Brian
Skoretz, Terry G.
Smellie, James (Jim)
Smith, Al
Smith, Anne
Smith, Pete
Smith, Rick
Spence, Garry
Spouge, Alison
Sprague, Paul
Spring, Ryan
Squires, Gordon
Steacy, Bob
Steacy, Robert
Stewart, Anne
Stewart, Tod
St-Laurent, François
Stollery, Cailey
Storek, Robert
Sullivan, Gerald
Sullivan, Kevin
Sutton, Derek
Symmes, Jack
Tache, Mike
Taylor, Vinnie
Teasdale, Worden
Tedford, Robert
Tennant, Bob
Teskey, Roy
Thomas, Ron
Thompson, Graham
Thompson, Pat
Thomson, Dick
Tildesley, Hugh
Tingley, Dan
Toal, Anne
Trowbridge, Jamie
Trowbridge-Cranfield, Courtney
Turville, William
Tushingham, Don
Tweedy, Robert
Tyrrell, Anthony
Udvari, Martin
Valiquette, William
Vanlith, Ronald
Verwey, Neil
Viola, Carlo
Vivian, Doug
Vivian, Jennifer
Ward, Al
Ward, Jack
Watchorn, Lee
Waters, George
Watt, Mike
Weaver, Brad
Weaver, Robert
Weir, Ken
Weir, Larry
Weltman, Jeffrey
West, Colin
Westcott, Mark
Westlake, Jim
Whiston, Brian
Whiston, Roy
White, Don
White, Ron
Wildridge, Paul
Williams, Paul
Williams, Ted
Wilson, Ann
Wilson, Chris
Wilson, George
Wilson, Mike
Wilson, Scott
Winning, Dr. Barry
Wintringham, Ivy
Wood, Neil
Wood, William
Woods, Ken
Woodward, Susan
Wright, Bob
Wright, Fred
Wright, John
Wright, Nicholas
Wylie, Shane
Young, Doug
Zacharias, John
Zareski, David
ORGANIZATIONS
/ ORGANISMES
Angus Glen Golf Club
BBDO
Bedrock Management Ltd.
BMW Canada
BT/A
Canadian Olympic Committee/
Comité olympique canadien
Canadian Pacific/
Canadien Pacifique
Canadian Seniors Golf Association
Caufield Apparel Group Ltd.
CIBC
Cisco Systems Inc.
Citibank
ClubLink
Co-Pak Packaging Corp
D.J. Campbell Construction Ltd.
Elevators Inc. Atria III
Galaxy Lighting
Gar Hamilton Golf Ltd.
Generation Capital
Gough Optical
Gough Optical Company Ltd.
Horizons ETFs Management
(Canada) Inc.
Ideal Supply
Imperial Capital
K.J. Sawatzky Dentistry
Lerners LLP
Maxium Financial Services Inc.
Molson Coors Canada
Nearly New Golf Balls Ltd.
Proforma Canada Inc.
Provincial Partitions Ltd.
RBC
RBC Foundation
Schad Foundation
Shaw Charity Classic
Shaw Communications Inc.
Taylor Made Golf Company, Inc.
The Brampton Golf Club
The Kavelman-Fonn Foundation
The Sullivan Family Foundation
The Toronto-Dominion Bank
Villas Escondido Condo Association
Wealhouse Capital Management
Westcourt Capital
Woodbine Nissan
Fondation Golf Canada – Rapport annuel 2014
[ 21 ]
Financial Statements
Golf Canada Foundation (formerly RCGA Foundation)
October 31, 2014
RCGA Foundation
Contents
Page
Independent Auditor’s Report
1-2
Statement of Financial Position
3
Statement of Changes in Fund Balances
4
Statement of Revenue and Expenses
5
Statement of Cash Flows
6
Notes to Financial Statements
7 - 10
Independent Auditor’s Report
Grant Thornton LLP
Suite 401
350 Burnhamthorpe Road W
Mississauga, ON
L5B 3J1
T +1 416 366 0100
F +1 905 804 0509
www.GrantThornton.ca
To the Members of Golf Canada Foundation
We have audited the accompanying financial statements of Golf Canada Foundation (formerly RCGA
Foundation), which comprises the statement of financial position as at October 31, 2014 and the
statements of revenue and expenses, changes in fund balances, and cash flows for the year then
ended and a summary of significant accounting policies and other explanatory information.
Management’s responsibility for the financial statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with Canadian accounting standards for not-for-profit organizations, and for such internal
control as management determines is necessary to enable the preparation of financial statements that
are free from material misstatement, whether due to fraud or error.
Auditors’ responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with Canadian generally accepted auditing standards. Those
standards require that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial statements. The procedures selected depend on our judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, we consider internal control relevant to the entity’s
preparation and fair presentation of the financial statements in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of accounting estimates made by management, as
well as evaluating the overall presentation of the financial statements.
1
Audit • Tax • Advisory
Grant Thornton LLP. A Canadian Member of Grant Thornton International Ltd
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our qualified audit opinion.
Opinion
In our opinion, the financial statements present fairly, in all material respects, the financial position of
Golf Canada Foundation as at October 31, 2014 and the results of its operations and its cash flows for
the year then ended in accordance with Canadian accounting standards for not-for-profit
organizations.
Mississauga, Canada
February 11, 2015
Chartered Accountants
Licensed Public Accountants
2
Golf Canada Foundation
Statement of Financial Position
As at October 31
Assets
2014
Current
Cash
Receivable from Golf Canada (Note 8)
Receivables
$
Investments (Note 4)
$
846,534
157,031
1,003,565
1,134,614
2,138,179
2013
$
$
230,954
455,451
230,337
916,742
1,080,143
1,996,885
Liabilities
Current
Payables and Accruals
Payable to Golf Canada (Note 8)
Deferred Scholarship Contributions (Note 5)
$
Deferred Scholarship Contributions (Note 5)
36,816
449,908
24,500
511,224
$
40,391
27,500
67,891
162,554
673,778
120,043
187,934
871,509
592,892
1,464,401
2,138,179
1,157,757
651,194
1,808,951
1,996,885
Fund Balances
Operating Fund (Note 6)
Endowment Fund (Note 7)
$
$
Approved by the Board
President
Secretary
See accompanying notes to the financial statements.
3
Golf Canada Foundation
Statement of Changes in Fund Balances
Year ended October 31, 2014
Operating
Fund (Note 6)
Balance, beginning of year
$
Fund Transfer (Note 7)
(Deficiency) / Excess of Revenues over
Expenses
Balance, end of year
$
1,157,757
Endowment
Fund (Note 7)
$
651,194
2014
Total
1,808,951
66,773
(66,773)
(353,021)
8,471
(344,550)
592,892
1,464,401
871,509
$
2013
Total
$
1,101,064
-
707,887
$
1,808,951
See accompanying notes to the financial statements.
4
Golf Canada Foundation
Statement of Revenue and Expenses
Year ended October 31
2014
Revenue
2014
Expenses
2014
Net
2013
Revenue
2013
Expenses
2013
Net
Operating Fund (Note 6)
Scholarships and Grant
Contributions
$
47,210
$
-
$
47,210
$
76,250
$
-
$
76,250
Donations
486,689
6,726
479,963
1,004,949
35,379
969,570
Fundraising Events (Note 6(b))
439,493
157,991
281,502
687,136
307,657
379,479
Investment Income (Note 4)
21,632
-
21,632
8,269
-
8,269
-
-
-
1,500
-
1,500
10,045
1,788,149
343,036
10,045
1,445,113
Endowment Fund (Note 7)
Donations
Investment Income (Note 4)
32,840
1,027,864
164,717
32,840
863,147
Operating Fund (Note 6)
Grants (Notes 1 and 8)
-
852,772
(852,772)
-
424,621
(424,621)
Scholarships (Note 1)
-
50,000
(50,000)
-
35,000
(35,000)
Fundraising and Promotion
-
4,385
(4,385)
-
13,391
(13,391)
Office and Administration
-
253,288
(253,288)
-
229,449
(229,449)
Professional Fees
-
22,883
(22,883)
-
18,765
(18,765)
Scholarships (Note 1)
-
16,000
(16,000)
-
16,000
(16,000)
Administrative Fees
-
8,369
(8,369)
-
-
1,207,697
(1,207,697)
-
Endowment Fund (Note 7)
(Deficiency) / Excess of
Revenues over Expenses
Total Operating Fund
Total Endowment Fund
(Deficiency) / Excess of
Revenues over Expenses
$
$
$
1,027,864
$
1,372,414
995,024 $
32,840
1,348,045
24,369
1,027,864
$
1,372,414
$
$
-
-
737,226
(344,550) $
1,788,149
$
1,080,262
(353,021) $
8,471
1,776,604 $
11,545
1,064,262
16,000
(344,550) $
1,788,149
1,080,262
$
(737,226)
$
707,887
712,342
(4,455)
$
See accompanying notes to the financial statements.
5
707,887
Golf Canada Foundation
Statement of Cash Flows
Year ended October 31
Increase / (Decrease) in Cash
Operating Activities
(Deficiency) / Excess of Revenues over Expenses
2014
$
Payment of Scholarships and Grants from Deferred Scholarship Contributions
2013
(344,550) $
707,887
(47,210)
(27,500)
(13,361)
(405,121)
34,792
715,179
455,451
(759,153)
Receivables
73,306
(212,062)
Payables and Accruals
(3,574)
(130,107)
449,908
223,449
569,970
(162,694)
86,721
60,975
(41,111)
80,395
Net Increase / (Decrease) in Cash for the Year
615,580
(21,324)
Cash, Beginning of Year
230,954
252,280
(Increase) / Decrease in Fair Value of Investments
Changes in Non-cash Working Capital:
Receivable from Golf Canada (Note 8)
Payable to Golf Canada (Note 8)
Financing Activity
Increase in Deferred Scholarship Contributions
Investing Activity
(Increase) / Decrease in Investments (Net)
Cash, End of Year
$
846,534
$
230,954
See accompanying notes to the financial statements.
6
Golf Canada Foundation
Notes to Financial Statements
October 31, 2014
1.
Nature of Operations
The Golf Canada Foundation (formerly RCGA Foundation) is a Registered Canadian Amateur Athletic Association and is exempt from income tax in
Canada under the Income Tax Act (Canada).
Each member of the Board of Directors of the Royal Canadian Golf Association (operating as Golf Canada) is a member of the Foundation. As a result,
the Foundation is effectively controlled by Golf Canada. Golf Canada is the National Sport Organization and governing body of golf in Canada.
The Foundation’s mission is to provide golfers and industry partners with a charitable platform to increase participation in golf by engaging players of all
ages and abilities across Canada. While collegiate golf has historically been the main focus of the Foundation, the organization’s recently expanded
activities have broadened the Foundation’s focus to include several other programs to benefit golf in Canada. During the year, the Foundation paid a total
of $968,772 (2013 - $475,621) in grants and scholarships to advance the sport of golf in Canada. The Foundation’s impact on various aspects of the
sport of golf is summarized below:
2014
2013
High Performance:
Young Pro Program
$
Team Canada
$
-
175,000
380,400
165,000
165,000
Junior Golf
223,370
126,121
Collegiate
99,993
133,500
Scholarships
66,000
51,000
Golf Heritage
50,000
-
Other
42,799
-
Sustainability
35,000
-
Coaching and Rules
21,210
$
2.
205,400
918,772
$
475,621
Summary of Significant Accounting Policies
(a) Basis of presentation
These financial statements have been prepared in accordance with Canadian accounting standards for not-for-profit organizations. Accounting standards
for not-for-profit organizations (ASNPO) require entities to select policies appropriate for their circumstances from choices provided in the specific
standards in Part III of the CPA Canada Handbook.
(b) Fund accounting
The accounts of the Foundation are maintained in accordance with the principles of fund accounting. Under fund accounting, resources are allocated to
funds according to their nature and purpose. The Foundation uses the following funds:
7
Golf Canada Foundation
Notes to Financial Statements
October 31, 2014
2.
Summary of significant accounting policies (continued)
Operating Fund
The Operating Fund includes revenue and expenses related to scholarships, grants and administrative activities, including restricted contributions
available for use, but expendable only for purposes specified by the donor or grantor, that are not included in any other fund.
Endowment Fund
The Endowment Fund includes income and disbursements made in the form of scholarship funds that have been designated by the donors – the
Connor/Spafford Scholarship and the Marlene Stewart Streit Golf Scholarship.
Investment income earned on the endowment funds are allocated to the specific fund net of administration fees.
(c) Use of estimates
The preparation of these financial statements in conformity with ASNPO requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue
and expenses during the reporting period. Actual results could differ from those estimates.
(d) Financial instruments
The Foundation initially measures its financial assets and liabilities at fair value. Subsequently, the Foundation measures all its financial instruments at
fair value or amortized cost with subsequent changes in fair value recognized in the statement of revenues and expenses.
Fair values are based on quoted market prices where available from active markets, otherwise fair values are estimated using a variety of valuation
techniques and models. Financial assets and liabilities measured at amortized cost include cash, receivable from Golf Canada, receivables, payables
and accruals, amounts payable to Golf Canada and deferred scholarship contributions. The Foundation measures investments at fair value.
(e) Revenue recognition
Contributions are recorded in the appropriate fund in the year received or receivable if the amount to be received can be reasonably estimated and
collection is reasonably assured. Funds contributed for specific purposes that are part of the Operating Fund are recorded as deferred scholarship
contributions on the statement of financial position until expended on scholarships or grants in future periods. Contributions are then recorded as revenue
and an expense when the related scholarship or grant is paid. Investment income is recognized when earned. Donated materials or services by way of
gifts-in-kind are recognized as revenue when the fair value can be reasonably estimated.
The Foundation may record administration fees on certain endowment and designated deferred scholarship contributions based on the nature of the
deferred funds and agreement set forth with the donor. Administration fees are recorded as revenue in the operating fund as a general donation.
(f) Expense recognition
Expenses are recorded when incurred. Scholarships and grants are recorded upon approval.
3.
Financial Instruments
Credit risk
The Foundation is subject to credit risk through receivables. Credit risk is minimized by dealing primarily with organizations and donors with strong
financial positions.
Market risk
The Foundation is exposed to market fluctuations through its investments quoted in active markets. Market risk is the risk that the fair value of a financial
instrument will fluctuate because of changes in those market prices, whether those changes are caused by factors specific to the individual financial
instrument or its issuer, or factors affecting all similar financial instruments traded in the markets.
8
Golf Canada Foundation
Notes to Financial Statements
October 31, 2014
4.
Investments
The Foundation’s investment portfolio consists of a mix of North American pooled bond and equity funds. Investment income recognized in the
Statement of Revenues and Expenses include the following:
2014
Distributions
$
41,111
Market Value Changes of Financial Instruments
$
53,107
13,361
$
5.
2013
(34,793)
54,472
$
18,314
Deferred Scholarship Contributions
Deferred scholarship contributions are the unspent portion of contributions designated for scholarships and grants to be paid in future periods. A
continuity of the unexpended funds is as follows:
Balance, beginning of year
$
147,543
Contributions during the year
86,721
Scholarships and grants paid during the year
(47,210)
Balance, end of year
$
187,054
The Foundation plans to distribute $24,500 in grants and scholarships from deferred contributions in fiscal 2015.
6.
Operating Fund
a) Programs
The Foundation’s expanded strategic mandate promotes a number of specific programs in Canadian golf. The balance of funds raised, net of grants and
scholarships paid within the specific pillars is included within the operating fund. From time to time the Board may approve the transfer of funds from
General Operations to one of the specific programs.
Unexpended funds with respect to each of the specific programs are as follows:
General
Operations
Balance, October 31, 2013
$
Transfer from Endowment
Junior
Golf
341,660 $
66,773
Transfers from General
Operations
6,044
Women's
Golf
$
-
759,553
High
Performance
$
-
-
Golf
Heritage
$
-
-
Collegiate
Golf
$
Sustainability
50,500
$
-
Total
$
1,157,757
-
-
-
66,773
(339,894)
123,644
(50,000)
207,807
-
33,443
25,000
Revenue
714,545
20,499
-
180,525
50,355
16,050
13,051
995,024
Expenses
(495,272)
(150,187)
(388,332)
(50,000)
(99,993)
(38,051)
(1,348,045)
Balance, October 31, 2014
$
287,811
$
-
(126,210)
$
583,343
$
-
$
355
$
-
$
-
$
9
871,509
Golf Canada Foundation
Notes to Financial Statements
October 31, 2014
6.
Operating Fund (continued)
b) Fundraising Events
Fundraising event revenues and expenses included in the Statement of Revenues and Expenses consist of the amounts recognized from various
fundraising and promotional events conducted by the Foundation and are included in General Operations. During 2014, the Foundation conducted the
Golf Canada Foundation Monday Pro-Am during tournament weeks of the RBC Canadian Open and CP Women’s Open; the Celebration of Golf in
conjunction with TO2015 (Pan Am and Parapan Am Games); and the Wine, Women & Shoes event.
7.
Endowment Fund
The Foundation has the following Endowment Funds. Included in the Statement of Revenues and Expenses are the following transactions with respect
to these funds:
October 31,
2013
Marlene Stewart Streit Golf Scholarship
Connor/Spafford Scholarship
$
$
279,867
371,327
651,194
Administrative
Fees
$
$
(26,758) $
(48,384)
(75,142) $
Investment
Income
14,114
18,726
32,840
Scholarships
Paid
$
$
(6,000) $
(10,000)
(16,000) $
October 31,
2014
261,223
331,669
592,892
During the year, the Foundation agreed to recover contractually agreed-upon administrative fees that had not been charged since the Endowment Funds
were originally established. The donors were notified and agreed with the charges. $8,369 of the current year fees were recorded to Donations of the
Operating Fund and $66,773, the aggregate prior year fees, were included in a funds transfer in the Statement of Changes in Fund Balances.
8.
Related party transactions
The Payable to Golf Canada is settled on a periodic basis. Transactions between the two entities consist of reimbursements to Golf Canada for expenses
paid on behalf of the Foundation and for grants paid to support the World Jr. Girls Championship, Team Canada and Young Pro Programs. Total grants
paid to Golf Canada during the year were $565,400 (2013 - $251,700) and have been reflected in Grants on the Statement of Revenues and Expenses.
During 2013, the Board of Directors of Golf Canada approved a motion to transfer the remaining balance of $759,153 and governance of the Women’s
Fund that was established in 2004 to the Foundation. The balance of the transfer was included in Donations revenue and as a Receivable from Golf
Canada. This amount was partially offset against $223,449 of amounts Payable to Golf Canada as at October 31, 2013.
9. Comparative Figures
Certain of the comparative figures in these financial statements have been reclassified to conform to the presentation of the current year.
10

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