Alfred and Joan Robertshaw met on stage at the Players’ Guild—a love story with a legacy, thanks to the fund Joan established to honour Alfred’s 40-plus years in community theatre.
“The performing arts have brought much joy to both our lives, not to mention lifelong friendships,” Joan wrote at the time. “Alfred realized how important it is for such organizations to have financial support in order to encourage creativity and often foster those who go on to professional careers in the theatre.”
With Joan’s passing in 2013 the Alfred & Joan Robertshaw Memorial Fund continues to support the couple’s passion for community theatre as well as heritage preservation efforts in Hamilton. This year’s recipients included Hamilton Theatre Inc., Players’ Guild of Hamilton Inc., Theatre Ancaster and Village Theatre Waterdown.
“We really believe in community building,” says Village Theatre president Corrie Giles. “We want Waterdown to be a vibrant place where people can find their entertainment close to home.” Village Theatre has used its grant to build a new website, rent costumes from Stratford, support a bursary for Waterdown high school drama students, create banners and signs, construct the set of an English country house, and purchase equipment. They also plan to host a professional workshop for young sound and lighting technicians.
Attracting the next generation is a priority. “We take our development role quite seriously, but we haven’t always had the money to do it,” Corrie says. Village Theatre encourages high school students to complete their volunteer hours learning makeup, set construction, and the technical booth. A recent production had two Grade 9 boys learning how to work the lighting board alongside a woman in her 60s. Over the 43 years that Village Theatre has existed, a number of volunteers have gone on to local and national careers in theatre.
“When the community foundation gives us money, many people share the benefits,” Corrie says. “And because it is an operating grant, we have the flexibility to use it where it’s needed. We can make it go a long way.”
Excerpt from 2018 Annual Report
Anne (not her real name) is a respected professional in our community. She is also a victim of domestic violence who fled her abuser, only to become locked in a succession of legal battles that have put her $100,000 in debt. No longer able to afford a lawyer, today she represents herself in court, cross-examining her abuser in order to protect her children, her job, her home and her name. But thanks to Jared’s Place, she’s not alone.
Jared’s Place helps women experiencing violence and abuse navigate the legal system, whether it’s an immigration, family, child protection, civil, housing or criminal matter. The free program is named after Jared Osidacz, an eight-year-old boy who was killed by his father while on an unsupervised court-ordered access visit.
“Jared’s mom went through the system and no one was helping her,” says Nancy Smith, executive director of Interval House of Hamilton. “That’s why she let us name the program after Jared.”
The program relies on grants and community donations. Funding from HCF helps support the legal advocate, who is a specialist in violence against women and is well versed in the legal system. The advocate can clarify a woman’s rights, provide information, attend court, review court orders, help with paperwork and make lawyer referrals. Safety planning is the first priority. Almost as important is building a woman’s confidence to engage with people and institutions that have power, since perpetrators often try to manipulate the system to continue the abuse.
The legal advocate is also a witness. Before Anne knew about Jared’s Place, her abuser tried to run her down outside the courthouse. Now, Anne is never alone at court and she always has someone to call.
“Jared’s Place offers a woman hope,” Nancy says. “In a traumatic situation one’s clarity isn’t there, but the legal advocate is—every step of the way, if that’s what a woman wants.”
Excerpt from 2018 Annual Report
Hanan is a high school student who dreams of being a nurse one day. James is an electrical engineer who likes to bike from Dundas to downtown. Aref is a dedicated community volunteer who loves Hamilton’s libraries. And Shahd? She’s a recent marketing graduate who has discovered the best ice cream in town is on Duke Street.
They’re all immigrants to Hamilton and ambassadors for #HamiltonForAll, a campaign that helps newcomers and longer-term Hamiltonians find common ground.
“The campaign ambassadors serve as a human library,” says Yohana Otite, executive director for Hamilton Centre for Civic Inclusion, which is co-leading the campaign with the Hamilton Immigration Partnership Council. “They tell their stories on our website and at schools and events so we can discover our commonalities instead of focusing on what separates us.”
Myth busting is one component of the campaign. One myth is that Canada doesn’t need immigrants: a 2017 University of Toronto survey shows that one in five Canadians would support an end to immigration. The fact is, according to the Conference Board of Canada, our country will need 350,000 immigrants annually by 2035 to meet its workforce needs.
Supported by an HCF grant in partnership with the Community Fund for Canada’s 150th, #HamiltonForAll includes posters inviting people to post a welcome message using the hashtag, and a website listing inclusive actions anyone can take. “Welcoming newcomers is usually left to settlement agencies,” Yohana says. “#HamiltonForAll inspires everyone to play a role.” Activities across the city are being plotted on a map to be shared at Hamilton’s first Newcomer’s Day this summer.
The hashtag was trending on Twitter when the campaign launched. Since then, people and organizations have been showcasing the posters, planning events and posting on social media. The impact has been widespread and personal. As one person tweeted: “Thank you for launching a campaign like this. I cannot tell you what this would’ve meant to me as a child.”
Excerpt from 2018 Annual Report
When Community Living Hamilton established its agency endowment fund with HCF in April 2016, they didn’t expect it to be a teaching tool for their clients.
Like other agencies, they established the fund to support the future of their organization in perpetuity as well as to access Hamilton Community Foundation’s investment and other expertise. But when it came to making a decision about what programs to support with the earnings from the fund, they invited input from their client base.
The result was impressive.
Community Living Hamilton struck an advisory committee, made up of seven of their service users – people with a range of developmental abilities. The group began by learning what an endowment fund is (they used an image of a tree and its seedlings) and then laid out criteria for projects they might fund. They then weighed various possibilities against the criteria and, after discussion, recommended one project to the organization’s board.
“I was incredibly impressed by their presentation,” says Community Living Board member Judy Colantino. “It was so thorough and thoughtful. We accepted their advice unanimously.”
The recommendation? To grow the money another year and then support the agency’s award-winning, 35-member drum corps trip to Indianapolis, where they will represent Canada. If their rehearsals (and track record) are any indicator, the visit is sure to be an overwhelming success – thanks in no small measure to the additional funding provided from their endowment fund.
Excerpt from 2018 Annual Report
To mark Indigenous History Month and Indigenous Peoples Day we’re highlighting HCF-supported projects that leverage Indigenous knowledge, experiences and communities in Hamilton.
Future Intended is an ongoing series that spotlights some of our most recent granting in categories like music, visual art, literacy, the environment and more.
Our 2018 Hamilton Vital Signs report is out now! In this special edition of Future Intended, we highlight some new key Hamilton stats from the report alongside some recent projects we support that relate to the issue.
“According to the Canadian Community Health Survey, 14.8% of Hamiltonians reported experiencing some food insecurity in the last year. Additionally, 4.2% reported severe food insecurity, which means reduced food intake, skipping meals, and disrupted eating patterns.” (from Low Income)
Maple Leaf Centre for Action on Food Security
Advancing food security is the mission of the Maple Leaf Centre for Action on Food Security. It does so at a local level by partnering with organizations that help address problems like availability of healthy food. In Hamilton, we’re proud to support McQuesten Urban Farm in providing affordable fresh produce in the neighbourhood’s “food desert”.
“While women make up just over half the population they were under-represented in every sector ranging from a low of 14%in corporate boards to 47% in the voluntary sector. Visible minorities make up 19% of Hamiltonians but in leadership positions occupy a range of 11% to almost none across sectors.” (from Citizens and Engagement)
DiverseCity OnBoard
This program connects under-represented groups like women, visible minorities, and Indigenous people with board governance opportunities. DiverseCity OnBoard is a national program and we’re proud to support it locally via Hamilton Centre for Civic Inclusion.
“Less than half (46%) of Hamilton youth, 12-17, reported being active for the recommended daily 60 minutes, significantly below the 60% provincial and national averages.” (from Health and Well-Being)
Empowerment Squared youth soccer league
Empowerment Squared helps newcomer and marginalized youth get access to sports and recreational activities with its soccer league that address financial barriers to sports participation. Through team building and leaderships skills development youth stay active and have fun.
“In 2016, there were 2,205 artists living in Hamilton – a 31% increase from 1,680 in 2006.” (from Arts and Culture)
ALERT
The Artistic Leadership and Entrepreneurial Training Program (ALERT) at Hamilton Festival Theatre Company helps emerging artists develop the skills needed for theatrical production including curation, publicity, financial management and technical coordination. Last year’s participants were key in producing the hugely successful Frost Bites Festival this past winter.
“In Hamilton there are just over 200km of designated bike lanes, an increase of 130km since 2007.” (from Getting Around)
Friendly Streets Hamilton
Cycle Hamilton and Environment Hamilton want to make Hamilton streets safer for pedestrians and cyclists. With a pilot that started in the area around General Hospital, the program has expanded to engage community stakeholders in Beasley, Keith, and Gibson-Landsdale neighbourhoods. This toolkit is a great way to learn more.
Read the Hamilton Vital Signs 2018 report and share your thoughts on social media using #HamiltonVitalSigns. Follow us on Twitter, Facebook and Instagram and start a conversation! When you’ve read the report please fill out our short survey.
Future Intended is an ongoing series that spotlights some of our most recent granting in categories like music, visual art, literacy, the environment and more.
It’s Earth Week! To celebrate, we want to tell you about some great local programs and organizations we support that help protect the environment in different ways including land conservation, natural stewardship, urban farming, and ecological consideration.
Future Intended is an ongoing series that spotlights some of our most recent granting in categories like music, visual art, literacy, STEM and more.
The arts have become a major facet of Hamilton’s rejuvenation. Art – in one form or another — is also important for a thriving community. From the perspective of a community foundation this means support for programs with a variety of objectives including access to the arts, art appreciation, and more. Here are a few recent and forthcoming arts programs we’re proud to support in our city.
Future Intended is an ongoing series that spotlights some of our most recent granting in categories like music, visual art, literacy, STEM and more.
Reading and writing can be two of life’s greatest joys. Here in Hamilton, recent research suggests that early childhood literacy rates are steadily rising but there’s still room for improvement. At HCF we understand the importance of education (see our ABACUS initiative) and so we’re proud to support local programs, organizations and festivals that not only help build basic literacy skills but also encourage the appreciation of literary arts. Here are just a few.
Now in its 14th year, the gritLIT Readers and Writers Festival is a celebration of Canadian literature. The theme this year is “A Place to Belong” and includes events that “celebrate, question and challenge the idea of belonging”. GritLIT takes place from April 12 – 15 this year — check out the full schedule here.
This program, a partnership between the Hamilton Public Library and Hamilton-Burlington SPCA, gets reluctant kids to start reading – through the power of puppy love! Trained pet therapy dogs and volunteers help children to read books aloud and further develop their literary skills. The program runs until the end of May 2018.
Actors Colm Feore and Kenneth Branagh are big fans. So is hip-hop artist Drake. And it’s easy to see why. The Shakespearience literacy program demystifies the Elizabethan prose that can perplex young students and gives them the chance to learn Shakespeare from the perspective of actors who perform the Bard’s works. We’re proud to help give hundreds of local students the Shakespearience of a lifetime!
One-on-one tutoring is a great way to help children improve their literacy skills while also building self-confidence. At this Neighbour to Neighbour Centre program volunteer tutors assist Grades 1-3 students from 14 Hamilton Mountain schools with reading.
This club at Start2Finish helps kids keep their minds and bodies fit. Activities — including “word of the day” character-building, circuit training, journaling, and nutritious snacks — encourage youths to develop healthy lifestyles and literacy aptitude. The program culminates with the Start2Finish 5K Running & Reading Challenge and an awards ceremony that recognizes the kids’ achievements.
Future Intended is an ongoing series that spotlights some of our most recent granting in categories like music, visual art, literacy, STEM and more.
Turkstra Lumber has been operating in Hamilton and South Western Ontario for over 65 years. As active members of their community, Karen and Peter Turkstra sought to give back.
The Karen & Peter Turkstra Family Foundation Fund was established in 2012 to support the charitable giving of their family. Their prime focus has been on providing donations in the areas of youth, nutrition and education.
Since inception, the Karen & Peter Turkstra Family Foundation Fund has provided over 50 grants to community organizations including: Interval House of Hamilton, Hamilton Food Share, Mission Services of Hamilton, Healthy Community – Healthy Youth Flamborough and Robert Land Community Association amongst many other charities working to make Hamilton a vibrant and inclusive place.
Working with HCF, the Turkstra family are able to use their fund to address unmet needs in the community, now and forever.
Donations to the Foundation are invested for the long term in public markets and in alternative investments. Investment income is then allocated annually to support granting, community leadership and operations. The summary and charts presented here provide both a financial snapshot and a history of recent activity that underlies the grants and community leadership activities represented in this annual report, made possible by remarkable donors.
Donations to the Foundation are from individuals, corporations and other charities. Donors may contribute to named endowment or flowthrough funds, to the Board-directed Community Fund, or to HCF’s community leadership projects.
The $35.1 million in donations this year is the second highest total in HCF’s history. Annual donations are influenced by the timing of the realization of donations in wills and significant one-time donations like the $27.7 million in donations of property and private equity. As illustrated in Chart 1, annual donations have ranged between $3.2 and $35.1 million over the past eight years. The five-year rolling average of donations ranges from $5.0 million to $13.3 million over the past eight years.
The five-year rolling average number of donations is 1,787 with 2019-20 at 1,853. The number of donations fluctuates based on “in memoriam” donations and the number and nature of events sponsored by donors to raise money for their funds.
Chart 1
Grants are made annually from both endowed and flowthrough funds. Because flowthrough fund balances are distributed in a shorter time period, granting from these funds can materially influence HCF’s total annual amount granted.
As illustrated in Chart 2, grants and community leadership project spending over the past eight years has ranged from $4.7 million to this year’s historic high of $11.5 million. Granting from endowment funds was reduced in 2013 as a result of the decline in investment returns in 2012 which a) lowered the asset base used for the granting calculation (currently four percent of the fund balances), and b) resulted in less income available to grant. Flowthrough granting and expenditures on community leadership projects has ranged from 22 to 56 percent of total granting in any given year and is dependent on the timing and nature of flowthrough and project activity. At 893, the number of grants for this year is 37 percent higher than the eight-year average.
Chart 2
Investments traded in active markets are reported at fair market value. Investments not actively traded are recorded at their cost less any impairment of their value.
To support our strategy of aligning our assets with our mission and to provide a more diverse and robust portfolio, HCF has committed to investing in alternative asset classes including loans to charities and not-for-profits, private debt, real estate, infrastructure and private equity. These alternatives are consistent with the Foundation’s long-term investment horizon and liquidity requirements. Since these investments are not actively traded, they are valued at cost in the investments. These alternatives total $25.8 million.
HCF invests according to policy guidelines established by the Board of Directors. Two committees of the Board oversee investments to ensure compliance with the policy:
As an endowment builder, HCF’s policy focuses on long-term investing and is supported by reserve accounts that are currently at their policy maximum.
The investment policy sets out a total portfolio target asset mix, as well as a range around these targets. The public market investment managers have mandates within this targeted asset mix and use their discretion to invest the portfolios within this range. Chart 3 reflects the current and target asset mix. Note: $25 million of private equity relates to a fund established by a donor and is not part of the asset mix or the consolidated portfolio results.
Chart 3
Two long-term portfolios are invested in the public markets with Jarislowsky Fraser, and Connor, Clark & Lunn. Chart 4 compares those portfolios against benchmarks as follows:
Benchmarks reflect the performance of each market index based on HCF’s specific target asset mix. Comparing actual results to the benchmark measures the value added by investment managers compared to the average market performance. HCF’s investment policy target is a long-term investment return in the 6.5 to 7.5 percent range.
Chart 4
The effect of the global pandemic has materially affected investment returns, resulting in a -8.4 percent public market return for the year. The seven-year annualized return at 6.8 percent is within the targeted investment policy range and is 1.2 percent higher than the 5.6 percent benchmark. As noted in the financial highlights, the current 10-year annualized return of 7.0 percent is in the target range and is higher than the benchmark by 1.2 percent.
Impact investments enable donations to endowed funds to drive positive change beyond granting, because they represent investments of capital that deliver financial returns coupled with positive social and/or environmental outcomes. In addition, these investments provide a pool uncorrelated to the public markets which, in turn, buffers the portfolio from the volatility currently experienced.
More than 15 percent of our long-term assets are in impact investments. Chart 5 illustrates HCF’s impact investing progress over the past five years, with $25 million currently placed or outstanding and another $15 million committed. This brings the total commitment to $40 million, up from $34 million last year. Impact investments cover areas including affordable housing, arts, environment and sustainable development.
Chart 5
Local loans since inception total $9.7 million with $7.1 million outstanding at year end. Chart 6 shows the impact areas our loans have supported. Since the loan program’s 2012 inception, $2.6 million in loan principal has been repaid and recycled as new loans. In addition, the interest from these loans supports HCF granting.
Chart 6
IRP is a Government of Canada program being delivered nationally by partners including Community Foundations of Canada. As the first phase in the government’s long-term investment in social finance, the IRP’s goal is to make social-purpose organizations “investment ready” so they can make a difference in new and innovative ways through their participation in the social finance market. HCF has partnered with community foundations in London and Niagara, and the McMaster Innovation Park to manage the program regionally on behalf of Community Foundations of Canada. The first request for proposals for funding in January created enormous interest nationally and garnered 65 submissions to our regional partnership. Approved funding is expected to be released in June 2020. As an additional benefit, the IRP brought a growing number of potential opportunities for local loans to HCF’s attention.
These investments include private equity, private debt and real estate investments. Many of these investments are long term in nature, are maintained at cost and do not have a regular income stream. As these investments are maintained at cost, their results include interest income and realized gains, but not unrealized gains. Results for these investments are closely monitored and are reported when realized. Chart 7 identifies the investment areas, with $18.0 million placed and a total commitment of $33 million across 21 investments.
Chart 7
Operating expenses for the fiscal year ended March 31, 2020 total $2.5 million and were 2.5 percent higher than last year. Staffing costs related to the Foundation’s 22 employees represent 70 percent of HCF operating costs.
In addition to breaking out cost by type, operating costs are allocated to each of the Foundation’s operating areas: grants administration, community and philanthropic leadership, community relations and knowledge dissemination, development activities, and administration and governance. Examples of community and philanthropic leadership include convening around the city’s critical issues and fostering the growth of philanthropy by sharing staff time and knowledge to support other charities. Charts 8 and 9 illustrate these costs by operating area and by expense type.
Charts 8 and 9
The Foundation’s annual development expenses are not necessarily attributable to the donations received in that year. The nature of donations to the Foundation can result in costs preceding the receipt of the donation by several years (for example, donations through wills). As a result, consistent with the community foundation sector, operating costs are evaluated by a ratio of total operating expenses to average total assets. Ratios fall within a range depending on the size and stage of the community foundation’s development.
Management considers the ratio of 1.26 percent (1.25 percent in 2019), as illustrated in Chart 10, to be within an acceptable range for a foundation of HCF’s size, stage and level of community leadership, compared against benchmarks established in the community foundation sector. We continue to monitor both the actual results and the benchmarks on an ongoing basis.
Chart 10
Hamilton Community Foundation’s total assets of $201 million at March 31, 2020 include balances of HCF funds and funds held on behalf of others at $1.7 million.
Hamilton Community Foundation’s fund balances, illustrated in Chart 11, represent accumulated donations plus the net investment earnings on these donations, minus granting and operating costs. Funds include both endowed and flowthrough funds. Endowed funds are held permanently and grant from investment earnings. Flowthrough funds are fully distributed as grants over a pre-determined term.
Chart 11
The fund balances have grown 55 percent to $198 million at the year ended March 31, 2020 from $128 million in 2013. Donations of $35.1 million included $4.4 million in flowthrough donations that were largely distributed as grants in the year and, as a result, do not remain in the fund balances at year end. This results in a modest total funds balance growth of 4.8 per cent for the year. The number of funds has grown 19 percent to 377 from 318 in 2013.
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