Originally from Kilsyth Scotland, Daniel Taylor Lawrie emigrated to Canada in 1906 at the age of four and spent the rest of his life in Hamilton. Upon graduation form the Hamilton Technical Institute, he began a career in tool design at Westinghouse, later opening his own successful company, D.T. Lawrie machinery, selling equipment for lathes, milling machines and grinders. A competitive athlete, Mr. Lawrie won a gold medal for the Leander boat Club in 1929 at the Canadian Henley Regatta. He skied until he turned 85, hung up his tennis racket at 90 and had the honour of cutting the ribbon as the oldest member of the Hamilton Tennis Club when the new clubhouse opened in 1995.
Mr. Lawrie also became an accomplished musician, thanks to his father’s enterprising spirit. His brother, Alexander Lawrie, recalled, “To earn extra money for the family which had grown to include seven children, our father would take us to events like strawberry socials in various towns.. He would write songs about the town and the kids would entertain with traditional Scottish song and dance.” As a result, Daniel learned to play the violin and later performed with the Hamilton Philharmonic Orchestra. He also played the bagpipes with the 91st Argyle and Sutherland Highlanders. After 48 years of marriage, Daniel Lawrie was predeceased by his wife, Mildred. When he died, his bagpipes were passed on to the band on condition that a piper would play at his funeral, a request gladly fulfilled by the heir.
In his will, he included gifts to the CNIB and Doric Lodge, of which he was a member and directed that the residue of his estate be forwarded to the Foundation for general charitable purposes in the community.
Excerpt from 1996-1997 Annual Report
Helen Kirkpatrick’s fund will continue her family’s values.
Like many of us, Helen Kirkpatrick grew up in a family where opportunities – piano lessons, learning to swim, weekly visits to the public library – were part of the rhythm of family life.
“I was lucky,” she says. “The chance to learn new things was a normal part of growing up for me and my siblings.”
She hopes to make those same opportunities available to children living in poverty in Hamilton’s downtown, through the Kirkpatrick Fund – a field of interest fund at Hamilton Community Foundation.
Helen’s commitment to the downtown core and to its residents stretches back 20 years. She has been active in planning consultations and volunteer groups that have helped to preserve the historic downtown and green its streetscape. She and her husband own and operate a guesthouse, where they also live, in a beautifully-restored heritage home on MacNab Street North.
Helen began thinking about establishing a fund when dealing with will and estate issues after the deaths of her mother, Eileen, and her brother, John. She has built the fund up over a couple of years.
Helen received her PhD in nursing in 2005 from McMaster University where she is an assistant clinical professor. She co-ordinates implementation of nursing best practices at St. Joseph’s Healthcare.
“One of my thesis advisors, Leila Ryan, told me about the Foundation,” Helen remembers. Dr. Ryan is a past-chair of the Foundation’s Board of Directors. “I read more about Hamilton Community Foundation on the website and was really struck by how even a small donation can have a big impact.”
She recalls learning about a small HCF grant that made family movie nights possible in a downtown school. The simple effort increased parental engagement in the school and improved results for kids. She knows from her mental health background that early intervention can change the course of a child’s life.
“I would love to see something similar come out of the Kirkpatrick Fund. Or perhaps music lessons, or greening of a schoolyard or a small park. I’m excited to see where this fund will go. I see it as a continuation of my family and its values.”
Excerpt from 2008-2009 Annual Report
Dr. Bob & Mildred Kemp
As a family physician in Stoney Creek for more than 50 years, Dr. Bob Kemp had thousands of patients. Yet he still remembers the one who spurred his passionate crusade for quality care at the end of life – a crusade he will continue in perpetuity, thanks to a fund with Hamilton Community Foundation. The patient was deaf and lived alone. With no support at home, and nearing the end of her life, she was in and out of hospital five times. Had a hospice been available, she would have spent the end of her life in a home-like setting, looked after by sensitive staff and volunteers trained in hospice palliative care.
Forty years later, the Dr. Bob Kemp Hospice offers an interdisciplinary team of professionally trained volunteers and staff who assist in caring for individuals with a life-threatening or terminal illness. Incorporated in 1994, the Hospice now has a staff of four and a dedicated corps of volunteers. Volunteers receive 30 hours of training to allow them to offer supportive care to their clients at home, to offer respite care to family caregivers, and to support clients and their families in hospital and long-term care settings. They also provide support and understanding to the bereaved after the death of a loved one. In 1998, hoping it could be converted to a community residential hospice, Dr. Bob and his wife Mildred generously donated their home to the Hospice Foundation. However, the cost of renovations proved prohibitive and the building is now used for Hospice programs and offices. Dr. Bob and his wife Mildred, along with many volunteers and supporters, continue to raise funds toward their goal of a free-standing residential hospice.
In addition to devoting themselves to the Hospice, the Kemps are helping to fund ongoing training in palliative care for practicing family doctors through the Canadian College of Family Physicians. And in 2002, the Dr. Bob Kemp Hospice Foundation became one of several partners launching the new Palliative Medicine Residency Fellowship Program at McMaster.
Bob and Mildred Kemp have been partners through 62 years of marriage and a 9-year courtship that spanned Dr. Bob’s medical training and RCAF service in the Second World War. They moved to Stoney Creek when the village population was just 840. Their contributions to community life since then – through Rotary, their church, the Red Cross, Cancer Society, and scores of other volunteer organizations – have been extraordinary. Mildred was recognized as Stoney Creek Citizen of the Year in 1969 and Bob in 1976. They continue to be active volunteers today.
The Kemps have established two funds at Hamilton Community Foundation and were among the first donors of company shares. (Mildred worked for Bell Telephone before her marriage and took advantage of the employee stock option plan.) “I helped on a medical advisory committee of the Hamilton Community Foundation some years ago,” says Dr. Bob, “and I saw and admired how well the Foundation handles things. They are very knowledgeable, nice people. I know that through the Foundation, our daughter and others will be able to continue this work after we’re gone.” The Stoney Creek Health Fund is an open fund at HCF to which anyone may contribute.
Dr. Bob remembers a University of Western Ontario medical school professor who, more than 60 years ago, would invite students to his farm outside London. “He understood the art of medicine,” says Dr. Bob. No doubt there are hundreds of people in this area who think of Dr. Bob in the same way.
Excerpt from 2001-2002 Annual Report
Photo of Ralph E. Ingraham in 1908 at age 13.
Originally from North Sydney N.S., Ralph Elliott Ingraham grew up in Guelph and became a bank teller at the age of 15. With his experience, he was assigned to the Pay Office in London, England during the First World War, but soon requested a transfer to the Royal Field Artillery, spending 33 months in France until seriously wounded.
He eventually made his way to Hamilton, married Jane Alexander and worked for 27 years in the hardware wholesaling business with Wood, Alexander and James. He then worked another 27 years as an investment counselor with Dominion Securities.
Excerpt from 1992-1993 Annual Report
Ken Ingham on the left
Ken Ingham was a respected physician and a leader in palliative care in Hamilton, but his interests and activities didn’t stop at the medical field. Dr. Ingham, who died in May 2003 at the age of 85, used his retirement years to indulge his love for environmental and conservation causes, including those promoted by the Bruce Trail Society and the Conserver Society.
His will included a bequest for Hamilton Community Foundation’s Ed Smee Conserver Society Environmental Fund, which supports environmental projects.
“We are very honoured to be remembered in Ken Ingham’s estate,” says Carolyn Milne, President & CEO of Hamilton Community Foundation. “He was a man who put his love for his community, and for communities around the world, into action.”
Dr. Ingham was a hematologist oncologist whose experience with terminally ill patients led to his interest in, and promotion of, end-of-life care as a distinct and special health care need.
Long-time friends John Frid and Joyce Caygill remember Dr. Ingham as a spiritual man who worked hard to promote the concept of palliative care at a time when it was not widely understood nor supported in the medical community. “He had no bravado, just a sincere, highly intelligent dedication to humanity,” Dr. Frid says.
Dr. Ingham’s daughter, Sandy, says she and her two brothers, David and Jon, were not at all surprised that their dad remembered a number of charitable organizations, including HCF, in his will. “It’s very much in line with his character and we’re very pleased. Growing up, it was really cool to have a father concerned about issues like social justice and the environment.”
Jean Wheeler, a retired nurse, worked with Dr. Ingham at St. Joseph’s Hospital. “He is remembered with great love, respect and admiration. He was kind and respectful – I learned a million things from him during the time I worked with him.”
Excerpt from Fall 2004 Newsletter
Florence Eleanor Spence Hutton was born and educated in Hamilton and employed by the Ontario Department of Labour to inspect and report on conditions in factories throughout Southern Ontario. During the Second World War, she joined the Red Cross Nursing Services. Miss Hutton eventually retired from the Department of Labour to look after her parents, Charles and Margaret, who were in poor health.
Later, she moved to North Shore Blvd. in Burlington where she took great pride in her home and gardens, winning the Rose Horticultural Society Award several times. She was an active member of the Burlington Garden Club and Horticultural Society, Royal Botanical Gardens and the Big Sister Association.
Miss Hutton passed away after a twelve-year battle with cancer, leaving several charitable legacies including a gift to the Hamilton Community Foundation for social service projects and summer camping for disadvantaged children.
Excerpt from 1990-1991 Annual Report
The Hutton Family Fund will engage multiple generations – including nine-day old Nicola –in community philanthropy.
For John Hutton, establishing the Hutton Family Fund at Hamilton Community Foundation is a way to engage future generations of his family in giving back to the community. John and his wife Eileen, daughters Camille and Jane, and their son Ray and his wife Caroline are all involved in deciding the purposes of the newly-formed fund.
“We’ve decided on two directions to start,” says Ray. “Women’s health, with a focus on maternal health in particular, and neighbourhood development.”
The family is especially interested in Hamilton Community Foundation’s work with neighbourhood hubs. Both Ray and John are engineers with McNally Construction, a family business with a 60-year presence in the McQuesten neighbourhood. They appreciate the Foundation’s focus on neighbourhood vitality and its approach to defining neighbourhood needs.
“We like that it’s not a top-down approach,” says Ray. “People in the neighbourhood are encouraged to identify what they need, what they feel will help. That’s quite unusual.”
A portion of the Hutton fund’s grantmaking will also support the Community Fund to meet other community priorities.
John points out that establishing the fund at HCF gives the family all the benefits of a private foundation, without the administrative headaches of setting one up. And to do it now, rather than through bequests, allows Eileen and John the pleasure of engaging in community philanthropy with their children today.
But the long-term legacy is uppermost in all their minds. While the third generation of the Hutton family is still too young to participate in the fund, the opportunity will be there for them in the future.
“Eileen and I like that the next generation can have some influence over the fund,” says John. “And the next generation and the next,” adds Ray.
Excerpt from 2010-2011 Annual Report
Elsie Mona Madeline Husband lived in Hamilton all her life and for the last sixty years of her life on Hess Street South in a house designed by her architect husband, Lester. The daughter of a County Court judge, Mrs. Husband was a lifelong member of the Church of The Ascension and interested in the Royal Botanical Gardens and the Art Gallery of Hamilton.
She was also a generous contributor to the Hamilton Foundation over many years.
Excerpt from 1987-1988 Annual Report
Mildred Evelyn Clark was born September 22, 1910 in Bridgeburg, near Fort Erie. When her mother died and her father remarried, Mildred, then 11 years of age, went to live with her aunt in Caledonia. Norma Cheadle, a cousin with whom Mildred grew up, remembers her as self-assured, optimistic and intelligent.
While training at Hamilton General Hospital, Mildred nursed John Hunter, a young fruit farmer who had been injured in a fall. They married in 1929 and went to live in Vinemount in the house John had named Morsgail Lodge after his childhood home in Scotland. John eventually gave up farming to open an insurance agency in Beamsville, and served as a councillor in Saltfleet township and as a Justice of the Peace.
Mildred was an active volunteer with Easter Seals, the Society for the Prevention of Cruelty to Animals and numerous health organizations. She had a life-long interest in health care and education influenced, in part, by her earlier training and by the fact that her younger sister suffered hearing loss. “As a result, her sister received limited schooling and this always bothered Mildred,” Norma remembers.
After John’s death in 1980, Mildred continued to handle her own financial affairs and make wise investments, Norma recalls. “She was very feisty and independent. She lived in her own apartment at Atrium Villa on Main Street East.” At close to 90 years of age, Mildred died on October 15, 2000 after a fall.
Mildred remembered various family and friends in her will, and made bequests to Caledonia Presbyterian Church Memorial Fund and St. Peter’s Hospital Foundation in addition to a generous gift to Hamilton Community Foundation.
Excerpt from 2001-2002 Annual Report
Clare Hunter had been a sewing teacher in her Home Economics Department at Westdale Secondary School from 1935-1959. She is remembered by a student and colleague as “elegant, intelligent, immaculate and very stylish”. Miss Hunter died in 1979.
Excerpt from 1990-1991 Annual Report
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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