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

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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

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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

Andrew Lynn (Chair)Kevin KyddRobert Pacey

Sandra ThompsonSue WastieGavin Cooper

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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

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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.

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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

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Fund’s Growth ($,000’s)

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2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

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.

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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.

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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)

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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.

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Making Donations

Option 1 – Make Donation Online by Credit Card• Go to www.vancouverfoundation.ca\2020FundOption 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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