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Contents• Background/Goal• How the Fund Works• Fund’s Mandate
• Fund’s Progress/Initiatives• Future Plans/Expectations
• Major Donors• Making Donations• 2020 Fund Needs You
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
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
Allan Brown (Chair)Kevin KyddDave Leman
Andrew LynnRobert PaceySue Wastie
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 (less than $900 per annum currently)
– Donations are tax deductible. Tax receipts issued for donations of $25 or more
Fund’s Mandate(To be confirmed by Squash BC)
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.
How is the Fund Progressing?
• Fund balance at 30.06.09 - $152,000• Growing support from squash community– New donations in 2009 - $21,450
(first 6 months only)– # of donors - 67– Average new donation - $320
• Increasing number of tournaments/events raising money for the 2020 Fund annually
Fund’s Growth ($,000’s)
0
20
40
60
80
100
120
140
160
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009(30/6)
Strong Progress in 2009
• After experiencing investment headwinds in 2008, the Fund finally benefited from the turn around in the investment markets in the second quarter of 2009.
• The combination of positive investment performance and continuing strong level of donations has significantly boosted the Fund balance in the first half of 2009.
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– Winners: The Bentall Club (2007), Arbutus Club (2008)– Ken Cummane Trophy presented to winner at BC Closed
Awards Dinner• Junior tournaments
– 50/50 draws and direct solicitation• 2020 Fund Newsletter
– Coming in 2009
Future Plans/Expectations• Our goal is to:– Reach $200,000 in 2010;– Begin distributing funds to Squash BC for
promotion of junior squash in 2010.• Fund will continue to grow after initial target
reached through ongoing donations and investment earnings.
• 2020 Fund expected to have a major impact on funding available for junior squash development.
Major DonorsChampion Donors ($10,000+)
Kenneth Cummane FoundationJoyce & Tony Maycock
Platinum Donors ($5,000 - $9,999)Allan Brown
In Memory of Edward H. (Eddie) GudewillIn Memory of John Burris
Platinum Donors ($1,000 - $4,999)
Ben Moxon
Bob Hays
Clackson Family
Corina & Andrew Lynn
Fouchard Family
George Morfittt
Graham Brown
Gudewill Family
In Memory of Edward (Uncle Ed) Warner
John Brown
Moy Family
Murray Olson
Pamela Bendall
Shawn Patton
Steve Maloon
Susan & Kevin Kydd
Tim Bale
Trevor Thom
Making Donations
Option 1 – Make Donation Online by Credit Card• Go to www.squashbc.com• Click on 2020 Fund• Open “To Contribute” page• Follow link to Vancouver Foundation website.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)