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Status Report at December 31, 2012

Status Report at December 31, 2012. Contents. Background/Goal How the Fund Works Fund’s Mandate Fund’s Progress Fund Raising Initiatives Future Plans/Expectations Making Donations 2020 Fund Needs You. Background/Goal. Started in 2000 by Squash BC (initially called 20/20 Vision Program)

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Status Report at December 31, 2012

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  1. Status Report at December 31, 2012

  2. Contents • Background/Goal • How the Fund Works • Fund’s Mandate • Fund’s Progress • Fund Raising Initiatives • Future Plans/Expectations • Making Donations • 2020 Fund Needs You

  3. Background/Goal • Started in 2000 by Squash BC (initially called 20/20 Vision Program) • Supporting/promoting junior squash seen as critical to game’s future survival • External sources of funding increasingly unreliable (in 2009, BC government announced substantial cuts in sports funding) • Secure source of long-term funding needed • Goal – raise $200,000 by 2020

  4. How the Fund Works • 2020 Fund Committee oversees Fund’s operations • Members appointed by Squash BC • Current Committee • Funds held and invested by the Vancouver Foundation

  5. How the Fund Works (cont’d) • Advantages of using Vancouver Foundation: • Funds held at arms length from Squash BC • Protected from claims by Squash BC creditors • Avoids possible prejudice of Squash BC’s external sources of funding • Part of $700 million fund managed by a combination of specialized investment management firms. • Access to online donation capability. • Low costs for investment management and administration – only 0.7% of 2020 Fund balance • Donations are tax deductible. Tax receipts issued for donations of $25 or more

  6. Fund’s Mandate Distributions from the 2020 Fund will be focussed primarily on the following: • Grassroots programs that expand the base of junior players; • Programs that encourage junior players to remain active in squash; • Upgrading junior coaching skills; and • Encouraging junior role models.

  7. How is the Fund Progressing? • Fund balance at 31.12.12 - $243,665 • Strong support from squash community • New donations in 2012 - $13,884 • # of donors - 87 • Average new donation - $160

  8. Fund’s Growth ($,000’s)

  9. Fund Has Decent Year in 2012 • Donations helped boost the 2020 Fund balance by $14,000. • Investment performance for the year (up to Dec 31) has been strong (9.53%) boosting the 5 year return 3.35%, which is 0.52% ahead of the composite benchmark index.

  10. Fund Distributions • 2010 marked the year in which the Fund passed its initial target of $200,000. • Reaching this milestone triggered the Fund’s first distribution to support junior squash development. • The 2012 distribution amounted to $8,546. • Distributions will grow as the Fund balance grows through future donations and investment earnings.

  11. Fund Raising Initiatives • Squash BC membership renewal • Automatic online link to 2020 Fund donation page • 2020 Fund Club Challenge • Events organized by clubs that support the 2020 Fund • 2011 Winner: BC Jesters • Other activities • New personalized donation page – www.vancouverfoundation.ca\2020Fund • Joe Hattori Memorial – Winter in July squash tournament (Kelowna) • Regular communication with existing donors • 2020 Fund Newsletter (fourth edition – January 2013)

  12. Future Plans/Expectations • Having reached the initial $200k goal, the Fund has now begun to fulfill its objective of supporting junior squash development. • With the continuing support of the squash community, it is hoped that the Fund’s support will grow to the point where it will have a major impact on programs designed to broaden the number of junior players and enhance their skills and enjoyment of the game.

  13. Making Donations Option 1 – Make Donation Online by Credit Card • Go to www.vancouverfoundation.ca\2020Fund Option 2 – Complete Donation Form • Form available by going to www.squashbc.com and clicking on link to 2020 Fund • Mail to Squash BC with cheque (if applicable) Option 3 – Donation of Securities • Contact Kim Macphee at kim.macphee@vancouverfoundation.ca or 604.639.3051

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