COMMUNITY, TOGETHER 2021 IMPACT REPORT - Squarespace
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THROUGH STRATEGIC PHILANTHROPY, WE TACKLE OUR COMMUNITY’S MOST PRESSING ISSUES WITH BOLD SOLUTIONS. WE BELIEVE THAT WITH A STRONG FOUNDATION, ANY THING WE DRE AM IS POSSIBLE, TOGETHER. OUR MISSION We create a vibrant, smar t and caring community through strategic investing that drives innovative community-based initiatives. OUR VISION A communit y working together to enrich the quality of life for all. 2 02 1 I M P A C T R E P O R T
TABLE OF CONTENTS 2021 Impact Repor t: Community, Together 04 37 Message from Board Chair 2021 Grant Recipients & CEO 41 05 Building Connections: Sustainable Development Community Vitality 2021 Goals 46 07 Thank You: Fundholder Land Acknowledgment Recognition Donor Stories 51 20 Our Board & Committees Our Impact 53 22 Thank You Advisors! Initiatives 54 30 Our Staff 2021 Financial, Investment & Operational Highlights 55 Ways to Give
Martha Powell and Erin Naylor THE POWER OF COMMUNITY COLLABORATION “A diverse community is a resilient community, capable of adapting to changing situations.” - Fritjof Capra Diversity is the strength of our community and LCF is unwavering in its mission to foster a London and Middlesex where everyone belongs. By taking bold stances on our community’s most pressing issues, with the support of our donors and community partners, we are mobilizing equitable change. The past two years have been anything but easy. As a community and a foundation we have faced challenges that we’ve never experienced before, but by working together in the face of social upheaval and disruption, we have become stronger. Our role as a community foundation is to support London and Middlesex County in good times and in bad - that’s the power of endowment. Thanks to you, this past year we granted $4.7 million and our endowment reached $109 million! Your generosity is helping build a permanent pool of capital that’s ready to address our community’s needs today and in the future. In 2021 we worked together to respond to the ongoing pandemic, we grieved with fellow Londoners after a terrible act of Islamophobia, and we grappled with the difficult truths and ongoing injustices faced by Indigenous peoples in our nation. Through these experiences we have recognized the true strength and resiliency of our community. It is our goal to ensure that no one in our community is left behind. Our commitment to equity and justice continues to grow through initiatives such as the Strong Together Fund, Canada Healthy Communities 4
Initiative, LCF COVID-19 Response Fund, and Community Vitality. These initiatives help address critical needs that have been further exacerbated by the pandemic and provide support and allyship to equity- deserving groups in our community. As we begin to enter a post-pandemic world, more than ever before, we are calling for systemic change, and that can only occur with collaborative, collective action. We hope after reading this report, you will recognize the power of collaboration and will join us as we continue to build a vibrant, just and resilient London and Middlesex. Mar tha Powell Erin Naylor President & CEO Board Chair Sustainable Development Goals As leaders, mobilizers, and agents of social change, LCF believes our community is only as strong as our most vulnerable person. That’s why we have been integrating the United Nations’ Sustainable Development Goals (SDGs) - a universal framework and call-to-action to end poverty, tackle inequalities, and create a more sustainable and thriving community - into our work. The SDGs are strongly aligned with our Vital Signs issue areas and are rooted in the important philosophy of “leave no one behind.” This integration is an opportunity to connect our local work to global health and well-being, because global change starts locally. Today, the definition of community goes beyond traditional geographic boundaries and connecting our work to the bigger picture has never been more important. Through global collaboration and local action, the United Nations aims to achieve all 17 goals by 2030. By creating a shared language and standardized method of measuring impact, we can effectively work toward achieving these goals to create a better and more sustainable future for all. Throughout this report you will notice the SDG indicators being used to map our impact on various issue areas. We hope this helps you familiarize yourself with the SDGs and how LCF is working toward the United Nations’ 2030 agenda. We encourage you to learn more about how we’re implementing the SDGs in our Vital Signs report by visiting bethechangelondon.ca London Community Foundation suppor ts the Sustainable Development Goals 5
LAND ACKNOWLEDGMENT London Community Foundation is committed to working towards reconciliation and to suppor ting the recommendations of Canada’s Truth and Reconciliation Commission. It is in this spirit that we acknowledge that the community we call London and Middlesex County is situated on the traditional Indigenous territory of the Anishinaabe, Attawandaron, Haudenosaunee and the Lenape peoples. For countless centuries Indigenous peoples have been stewards of these lands, sharing the natural resources and only harvesting what was needed for their sustenance. We are grateful for this land, though we must recognize that it was stolen from the Indigenous peoples who originally lived on it. We also recognize the historical and ongoing injustice often faced by Indigenous peoples and communities, both within London and across Canada. This process of recognition and action is constant and with that, we are committed to the ongoing crucial steps of consideration, education, re-education, and work that are required to reconcile and create a more equitable and just community. LCF’s Commitment to Racial Equity, Inclusion and Diversity The LCF team is committed to fostering a vibrant, inclusive, equitable and just community. We’re taking action, learning, unlearning, reflecting and evaluating ourselves as an organization; we’re on an ongoing journey towards anti-racism, and we hope that you’ll join us as we follow through on this commitment. DONOR STORIES We’re truly inspired to have so many forward-thinking and generous supporters, each of whom is building a stronger, more resilient community for everyone, today and always. This year, we’re honoured to profile Ann and Paul Robson; Samantha Joel and James Marchment; and Judith and Wilson Rodger. We hope you are moved by their stories. To each and every LCF donor and fundholder: we hope you know how much you mean to us and the community you support! 7
ANN AND PAUL ROBSON Healing by Helping: Continuing Beckett’s Legacy of Kindness “Beckett was an incredible kid – kind, respectful, smart, and so funny. He was a natural-born teacher and really enjoyed working with kids. He had a great future ahead of him.” That’s Ann Robson, Beckett Smith’s mom. Beckett was a technology whiz, a kid who built his first computer at age 11. He was captain of his school’s robotics team and volunteered with a junior robotics team and a computer camp for kids. He was an animal lover who once rescued a llama that had run away from a petting zoo. He ordered 50 rubber ducks online, telling his parents, “They were only a buck, and I’ll find something funny to do with them!” He didn’t get the chance. Beckett died by suicide in 2018 at the age of 17. Ann and her husband Paul Robson were determined to keep Beckett’s spirit and his untapped potential alive. At first, they thought of a scholarship in his name. “But we didn’t want to just remember Beckett once a year,” says Paul. “He was so giving every day. His journey was cut short, so The Beckett Project is our way to continue it.” Ann, Paul and their friends and family got to work raising funds for The Beckett Project holding fun special events in pre-pandemic days including an improv night at Aeolian Hall. When COVID-19 arrived, they pivoted to home delivery boxes such as Valentine’s Day charcuterie boards. Through the proceeds raised from these events, they carefully chose to support charities with a focus on mental health. Along the way they connected with London Community Foundation. “That was a godsend,” says Ann. “LCF gave us direction, support and credibility. Our fund is pretty small compared to some, but they never made us feel that way.” Starting with a flow-through fund, Ann and Paul decided to create a permanent endowment fund to provide greater long-term impact. Two recent grants had special meaning for Ann and Paul. One supported National Service Dogs (NSD), an organization that trains dogs to support people on the autism spectrum and living with PTSD. Ann understands firsthand the therapeutic value of dogs: she adopted a puppy a month after Beckett’s death. “She saved me,” Ann says. Another grant went to Pflag, an organization that supports the LGBTQ2S+ community in London. “We’re a very tolerant and empathetic family,” explains Paul. “We want to champion tolerance, and this seemed like a good place to start.” 9
Ann and Paul hope The Beckett Project can resume in-person activities in 2022. Ann would like to do something fun involving rubber ducks, which have become the Project’s mascots. One thing is certain: they will continue to honour Beckett’s precious life through kindness and empathy. “When I do something nice for people, in the back of mind I know it’s because Beckett is inspiring me,” says Paul. 10
“ When I do something nice for people, in the back of mind I know it’s because Beckett is inspiring me.” – Paul Robson Donor-Designated Fund: You select your favourite charities and we ensure they are supported forever. 11
Samantha Joel and James Marchment
PEAR TREE FOUNDATION - SAMANTHA JOEL AND JAMES MARCHMENT Honouring Resilience Across Four Generations, Building Resilience Today Samantha Joel and James Marchment are not your typical big-time philanthropists. They’re young and early in their careers, and their fund is relatively small. And they’re just fine with that. “It’s never too early to give back if you can. This is a great way to handle our giving, and over time the fund will grow and become self-sustaining. Meanwhile, it’s nice to do some good now,” explains Sam. Sam and James created the fund when Sam’s mother, Bernadine Joel, died two years ago. “Bernardine was a brilliant person, very charismatic,” says James. “She was full of energy and joie de vivre.” She left home at 15, had Sam when she was 24, and then devoted herself to ensuring that her daughter had the advantages she didn’t. Today, Sam is a professor of psychology at Western University. The fund also honors her grandmother, Marie Poirier, and great-grandmother, Alexandrine Poirier (Poirier is French for pear tree). All three women overcame daunting challenges to make good lives for their families. “I’m humbled when I think about the lack of opportunities that they had, compared to what I’ve had,” says Sam. “The cycle of poverty and intergenerational trauma is so hard to break. I want to pay it forward and help more families escape difficult circumstances.” Sam and James have always been thoughtful about their philanthropy. Working with LCF, they’ve learned about smaller local charities that are having a real impact in the community. “The fund enables us to make donations more strategically,” says Sam. “We’re able to consolidate the money and invest a portion of it. And we get help from LCF about where to send the money to do the most good.” Recent grants from the flow-through portion of the fund have focused on organizations working to prevent homelessness. “That’s important,” mentions James, whose brother struggled with 13
homelessness and mental health issues. “Once someone ends up on the street, it’s difficult to get off the street, unless they’re given an opportunity to improve their life.” To learn more about the Pear Tree Foundation, visit peartreefoundation.org Samantha Joel’s grandmother Marie Poirier (left) and mother Bernadine Joel (right)
“It’s never too early to give back if you can. This is a great way to handle our giving, and over time the fund will grow and become self-sustaining. Meanwhile, it’s nice to do some good now.” – Samantha Joel Donor-Advised Fund & Flow-Through: Let us help you meet your short and long-term giving goals. Endow a portion of your gift to get the long-term benefits of a family foundation while making an impact today with flow- through giving. 15
Judith and Wilson Rodger
JUDITH AND WILSON RODGER Doing Philanthropy Responsibly: Judith and Wilson Rodger Montreal native Judith Rodger moved to London with her husband, Dr. Wilson Rodger, when he joined the faculty at Western University. Decades later she admits there was some culture shock (“There were only a handful of restaurants in those days!”), but says the move was a good one. “We’ve had really interesting lives here,” she says. “Because the city is smaller, it’s easy to become involved in various community groups.” She has certainly done that. As a volunteer at the city art gallery, Judith had an opportunity to interact with art and artists as the London Regionalism movement led by Greg Curnoe and Jack Chambers gathered steam. Eventually that experience led to a job at the London Regional Art Gallery (LRAG) as director of public programmes, and then as chief curator. After her time with LRAG, she spent several years working at the Art Gallery of Ontario and completing a master’s degree in art history. She also chaired the LCF Board from 2002 to 2004. Judith has spent decades making London and Middlesex County a more vibrant place – through her volunteering and professional work, through a Community Fund honouring her late parents, Mildred and Alexander Maclean, and also through the thoughtful granting she and Wilson undertake each year with their Donor-Advised Fund. Supporting the arts is a priority, along with many others – the environment, heritage, housing, the injustices faced by Indigenous peoples locally and across Canada, and the Medical Global Opportunities Award at Western, which Judith established in honour of Wilson’s 80th birthday to help medical students gain international learning experience. “Judith has the rare ability to keep the larger community picture in view, even as she works with and supports specific projects,” says long-time friend and collaborator Madeline Lennon, Professor Emerita, Department of Visual Arts, Western University. “I see connecting links across the breadth of Judith’s work, and one is her deep care for the state of the community – in London, in Ontario, and across Canada.” A donation of stock in December 2019 helped fuel the Rodgers’ giving during COVID-19. “We were able to double our funding for arts and environmental organizations,” says Judith. “The arts always suffer in a downturn, but the pandemic has taught us how important they are to sustaining our spirits.” 17
Wilson and Judith have continued to support LCF throughout the pandemic, with additional flow-through giving to local charities selected in consultation with Foundation staff. Judith notes, “Rather than paying tax on half the capital gains, it makes sense to donate stocks. The team at LCF are very good at creating awareness and giving suggestions about where the greatest needs are.” She adds, “We’ve been very fortunate, and we feel we need to give back and support other people. It isn’t always easy doing philanthropy responsibly. I’ve learned a lot at LCF that continues to inform our giving.”
“We’ve been very fortunate, and we feel we need to give back and support other people.” – Judith Rodger Donor-Advised Fund: Like having a private foundation without all the red tape. You choose which charities to support each year and take advantage of LCF’s community knowledge and customized giving options. 19
OUR IMPACT London Community Foundation is part of a national movement of 191 community foundations across Canada. Our impact reaches people locally, nationally, and internationally. 2021 IN NUMBERS $4,722,865 $2,859,232 $175,000 22 Total Grants 11 Estate Gifts Received Largest Grant Number of New Funds 381 265 $7,599,002 $109,232,447 Total Number of Funds Number of Charities Suppor ted Total Donations Total Endowments $16,731,500 $128,155,692 755 $33,525,285 23 Social Impact Loans Total Assets Total Number of Donors Value of Grants in Last 10 Years (cumulative) 2021 GRANTS BY FUND T YPE You leave it up to us and our grants Communit y Fund committee to ensure the community’s most pressing needs are supported. $1,899,916 Functioning like a private foundation, a Donor-Advised Fund Donor-Advised Fund allows you to choose which charities to support each year. $1,603,030 Allows registered charities to create their Registered Charit y Fund own endowment, building a sustainable source of funding for the organization. $524,856 You select your favourite charities and Donor-Designated Fund we ensure they are supported forever. $399,363 On your behalf, our grants committee will Field of Interest Fund target gifts to address a community issue area important to you. $295,700 20
2021 GRANTS BY SECTOR Communit y Ser vices $2,662,876 Health $781,984 Ar ts, Culture & Heritage $665,645 Education $293,581 Environment $239,789 Recreat ion $78,990 5 & 10 YEAR GRANTS BY SECTOR 5 Y E AR 10 YE A R Communit y Ser vices 56% 49% Health 17% 19% Arts, Culture & Heritage 14% 14% Environment 7% 10% Educat ion 4% 6% Recreat ion 2% 2% 5 Year % Grant s by Sector 10 Year % Grant s by Sector 21
Representatives from the Vision SoHo Alliance: Paul Fitzgeorge, Zerin Development Corporation; Jim Foote, Homes Unlimited; Roger Caranci, Residenza Affordable Housing; Julie Ryan, Indwell; Sister Joan Atkinson, London Affordable Housing Foundation; Greg Playford, London Community Foundation; Sue Riggins, The Chelsea Green Home Society INITIATIVES Vision SoHo Alliance First-of-its-kind Housing Partnership Fosters Community of Belonging Nearly 6,000 Londoners are on the waitlist for social housing. With low vacancy rates, and rising rental prices, a safe, adequate and affordable home is simply out of reach for too many in our community. The Vision SoHo Alliance, a first-of-its-kind partnership between six local non-profit housing developers, plans to help address this issue by building the single largest affordable housing development in London’s history. Convened by London Community Foundation, the Vision SoHo Alliance includes The Chelsea Green Home Society, Homes Unlimited, Indwell, London Affordable Housing Foundation, Residenza Affordable Housing, and Zerin Development Corporation. 22
The goal is to address the shortage of affordable housing in the community by collaborating on a mixed-income housing development on the former Victoria Hospital lands to enhance, honour and celebrate the rich heritage of the SoHo community with beautifully designed, environmentally friendly, affordable, and well-managed buildings. The Alliance plans to build approximately 685 units total with at least 416 units being affordable. The units will vary in affordability ranging from full market, to 80% of market rate, to deeply affordable based on the Ontario Disability Support Program shelter rates. While each developer will be responsible for their own unique building, the Alliance will work together to create complementary designs and a unified vision. Working alongside the City of London, the Alliance will expedite progress toward Mayor Ed Holder’s goal to build 3,000-units within five years. “We’re so pleased to partner together with the City of London to help meet the demand for affordable housing,” says Sylvia Harris, Chair of the Vision SoHo Alliance. “By working together, we can act quickly to deliver the affordable housing units, increasing the availability of housing for those who need it most.” To learn more about the redevelopment of the former Victoria Hospital lands site, or how you can support the Vision SoHo Alliance, visit visionsoho.ca “ This collaboration is developed by the community for the community. Led by local Londoners, volunteers and charities, Vision SoHo is an innovative community-wide response to one of our city’s most pressing social issues.” – Greg Playford, LCF, Housing Action Committee Social Impact Fund: Reframe your giving as investing. By using a portion of LCF’s assets as investment capital, the Social Impact Fund provides financing for affordable housing and social enterprise projects that provide a return and generate positive change in the community. 23
Vital Signs: Be the Change LCF’s Vital Signs report challenges us all to take action in tackling our community’s greatest issues Over the past two years the social atmospheres in London and Middlesex, as well as across the country, have shifted dramatically. Be it COVID-19 perpetuating issues like unemployment and the lack of affordable housing, hyper-visual acts of racial violence, or the discovery of thousands of unmarked graves at former residential school sites across the country - tides are shifting, and people are becoming ever increasingly engaged. We have witnessed a heightened public awareness of these issues and desire to take action. However, as individuals, it can be difficult to know where to start. Acknowledging that meaningful systemic change can only occur through collective action, Vital Signs 2021 acts as a resource for changemaking. Guided by local data and the expertise of local thought leaders, the report provides a series of simple, accessible actions that can be taken anytime and suggests local organizations and causes where further action can be continued. “Awareness and education are important but we know that social change requires so much more than just listening and learning,” says Dr. Jerry White, Vital Signs Chair & LCF board member. “The pandemic has exacerbated many deeply entrenched inequalities and exposed enduring problems - it’s time to be acting and not just talking.” The 2021 report continues to focus on the six issue areas identified in 2020 as those that were significantly impacted by the pandemic - housing, racial equality, gender equality, health and well- being, education and food security. New this year, LCF has launched the London Vital Signs Data Hub. Using the UN’s Sustainable Development Goals as a framework, this data hub will act as a resource for citizens, non-profit agencies and local government to help support advocacy efforts as well as evidenced-based program and policy decision making. “Good data is essential to informing social change,” says Dr. White. “By tracking social trends over time we can use that information to make positive changes that benefit our community.” The aim of Vital Signs is to create awareness of the issues facing our community and demonstrate these problems touch us all. The takeaway message is that together, we have the power to shape the future of our community. Change can’t wait any longer and we all play a role in making it happen. To learn more visit bethechangelondon.ca 24
Anti-hate march in solidarity with London’s Afzaal family following the June 6th attack “ Our community is a different place than it was two years ago. This report paints a picture of serious problems we’re facing. But it’s not just about numbers, it calls upon us all to take action and provides people with the tools to start making social change.” – Dr. Jerry White, Vital Signs Chair & LCF board member 25
LCF’s Strong Together Fund is dedicated to nurturing an inclusive, hate-free community Strong Together Fund Building a community where hate has no place On June 6, 2021 London witnessed firsthand what racist action looks like at its most extreme as four members of the Afzaal family were killed in a tragic and violent act of Islamophobia. In response, LCF established the Strong Together Fund, dedicated to healing and nurturing an inclusive hate-free community. In short order, $237,029 was raised in support of London’s diverse Muslim communities. “The outpouring of support from our community and from across the country was incredible – especially in the wake of such a violent and stark reminder of the divisions that still exist in our city,” says Martha Powell, LCF’s President & CEO. “We wanted to let London’s Muslim communities know that we hear them, and we care about them.” 26
LCF turned to the London Muslim Mosque and the Muslim Resource Centre for Social Support and Integration (MRCSSI) for guidance and direction on allocating the funds. Safety and mental wellness were identified as major concerns. “We have heard from community members that they are concerned about attending mosque programming, or even sending their children to school in the wake of the awful act committed on June 6,” says Nader Abdelmajed, Operations Manager at the London Islamic School. “London Muslim Mosque and the Muslim community at large are so grateful for LCF and their donors for this generous grant – and for being there when we needed them.” To help restore a sense of safety to congregants and community members, the London Muslim Mosque was granted $114,825.52 to install new fences, gates and improved security systems at the Mosque and Islamic School. And while the Mosque ensures that London’s Muslim communities have a safe space to learn and pray, MRCSSI was granted $122,203.48 to develop workshops and training programs to help combat Islamophobia in our community. “We are taking action to address Islamophobia and respond to the realities of racial trauma, which affects all members of the Muslim community in profound ways,” says Sahar Atalla, Manager of Client Services & Support Programs, MRCSSI. “Our aspiration is to foster healing in our community and continue working together with community members and partners to challenge all forms of hate and harm.” To all who donated to the Strong Together Fund – thank you. Your commitment to fostering a safe and welcoming community for all is truly inspiring. “Everyone deserves to live in safety. This attack, as traumatic as it was, revealed the solidarity of the London community – and its heartfelt desire to nurture a hate-free and resilient city.” – Sahar Atalla, Manager of Client Services & Support Programs, MRCSSI 27
Canada Healthy Communities Initiative - London Public Library London Public Library helps bridge the digital divide Having access to the internet is no longer a privilege - it’s a basic need. The digital divide has been widening for many years now but the COVID-19 pandemic thrust this issue into sharp focus. With the help of a grant from the Canada Healthy Communities Initiative (CHCI), the London Public Library partnered with local community resource centres to narrow this gap by providing Wi-Fi hotspots to residents in need. Through the $31 million CHCI, the Government of Canada, alongside Community Foundations of Canada and the Canadian Urban Institute, is building safer spaces and ensuring a higher quality of life for people across the country by helping communities adapt to the challenges presented by COVID-19. London Community Foundation co-led the South Western Ontario HUB with the Kitchener Waterloo Community Foundation and the Windsor Essex Community Foundation, in partnership with various other community foundations across the region 1. In total, the HUB was able to collaboratively facilitate approximately $1.3 million in funding to 63 projects in Southwestern Ontario ($550,000 for 28 projects in round one and $744,000 for 35 projects in round two). A key criteria of this program is that projects must embody the principle of ‘nothing about us without us,’ meaning solutions must include input from the groups they serve. Committed to engaging with community partners to address inequities, the London Public Library empowered local resource centres to identify the best use of the hot spot devices to meet the needs of the communities they serve. Participating local resource centres included Crouch Neighbourhood Resource Centre, LUSO Community Services, Northwest London Resource Centre, Glen Cairn Community Resource Centre and the Neighbourhood Resource Centre of Westminster Park. “The hotspot has saved me so much time and money not having to leave the house for all of my Ontario Works appointments, it’s helping my mental health as well for not having to get on two buses each way to arrive at the community centre,” says a local resource centre client. The impact of the Wi-Fi hotspots has been transformational for many resource centre clients, empowering them to thrive in other areas of their lives. To see the full list of CHCI recipients visit lcf.on.ca/chci 1 Partnering community foundations include the Aylmer Area Community Foundation, Sarnia Community Foundation and Sunset Community Foundation. The South Western Ontario HUB also engaged Centre Wellington Community Foundation, Dufferin Community Foundation, Elgin St. Thomas Community Foundation and Oxford Community Foundation. 28
Jennifer Martino, Executive Director, Crouch Neighbourhood Resource Centre & Michael Ciccone, CEO & Chief Librarian, London Public Library “ We know the resource centres know their communities best. The London Public Library has always been committed to breaking down digital barriers but this initiative took it a step further. By working with resource centres we were able to proactively identify individuals and families in need and increase accessibility to the devices.” – Michael Ciccone, CEO & Chief Librarian, London Public Library 29
2021 FINANCIAL, INVESTMENT, & OPERATIONAL HIGHLIGHTS By Vijay Venkatesan, Vice President, Finance & Operations In 2021 our community continued to witness the devastating impact of the COVID-19 pandemic. Despite this, we saw another historic year for the Foundation both in grants and donations thanks to the support of our generous donors. With the steadfast commitment of our board, committees and staff to our 2021-2023 Strategic Plan, LCF was able to ensure that our community’s most pressing needs continued to be addressed. LCF is once again pleased to repor t strong financial results for 2021. The following are key highlights: • The Foundation’s investments held in bonds, equities and alternative assets had another great year, with double-digit returns adding $12 million in investment income. • The generosity of our existing and new donors has resulted in another significant year in the Foundation’s history for both total donations ($7.6 million) and endowed gifts ($4.6 million). Donors continue to give in a myriad of ways (see Total Contributions). • Our donors’ commitment to their annual giving and support of LCF-led community initiatives allowed us to grant $4.7 million into the community in 2021, a record year in the Foundation’s 77 year history. • Our commitment to operational excellence and strong cost management continued throughout 2021. The following are financial, investment and operational highlights, including key historical trends. In keeping with our commitment to financial accountability and transparency, fully audited financial statements as prepared by MNP Inc. are available on our website at www.lcf.on.ca or by mail. 30
CONDENSED STATEMENT OF OPERATIONS Year Ending December 31, 2021 REVENUE 2021 2020 Donations ........................................................................................ 7,599,002 9,598,342 Investment Income ( Net ) ................................................................... 12,130,848 5,049,715 Total ............................................................................................... 19,729,850 14,648,057 E XPENSES 2021 2020 Operating Expenses ......................................................................... 1,347,910 1,349,492 Grants & Distributions ....................................................................... 4,722,865 4,277,321 Total ............................................................................................... 6,070,775 5,626,813 Excess of Revenue Over Expenses, Grants & Distributions................... 13,659,075 9,021,244 Interfund Transfers ........................................................................... — — Fund Balances, Beginning of Year ..................................................... 95,573,372 86,552,128 Fund Balances, End of Year ........................................................... 109,232,447 95,573,372 CONDENSED STATEMENT OF FINANCIAL POSITION Year Ending December 31, 2021 ASSETS 2021 2020 Cash ............................................................................................... 11,369,386 5,589,350 Investments ..................................................................................... 107,968,409 95,002,649 Other .............................................................................................. 8,817,897 8,190,505 Total ............................................................................................... 128,155,692 108,782,504 LIABILITIES 2021 2020 Grants & Other Liabilities .................................................................. 153,088 142,575 Deferred capital contributions ........................................................... 72,476 — Funds held on behalf of other parties ................................................ 18,697,681 12,974,453 Total ............................................................................................... 18,923,245 13,209,132 FUND BALANCES 2021 2020 General Fund ................................................................................... 8,902,139 3,313,213 Restricted Fund ............................................................................... 18,857,434 14,769,186 Endowment Fund ............................................................................. 81,472,874 77,490,973 Total ............................................................................................... 109,232,447 95,573,372 31
2021 YEAR IN REVIEW INVESTMENTS The Foundation’s guiding principles continue to be focused on a commitment to capital preservation and steady income growth. LCF, through the work of our Investment Committee, has established an Investment Policy Statement and supporting investment program to ensure that investments generate total returns that allow LCF to meet its granting objectives, recover operating costs, protect the purchasing power of the capital, and establish a reserve to protect the Foundation from potential market declines. The following were key highlights for 2021: • A strong year in the equities & alternatives markets resulted in a total return of 15%. The LCF investment program in 2021 continued to be above our 10-year average total return target of 6.0%. • The fixed income portfolio tasked with our capital preservation mandate per the Investment Policy Statement was slightly negative for the year due to the rising interest rates’ impact on our bond fund. • Our equities, both through our US and Canadian pooled funds, led our asset mix in terms of returns for 2021. • Our investments in Canadian Real Estate reached our 10% target allocation, representing a diverse portfolio including two pooled funds with separate investment managers with over 300 properties nationally diversified across commercial, industrial and multi-residential properties. ASSET ALLOCATION OF THE INVESTMENT FUND LCF is a long-term investor and believes the asset mix, combined with value-added performance from our investment managers, ensures we can continue to impact our community in a positive and meaningful way. Canadian Real Estate U.S. Equity 10.0% TARGE T: 5-15% 26.6% International Equity TARGE T: 20 – 30% Canadian Fixed Income 19.6% TARGE T: 15– 25% 23.0% Canadian Equity TARGE T: 20–30% 20.9% TARGE T: 15 – 25 % For additional details on LCF ’s IPS and Investment Beliefs Statement, please visit our website . 32
FIVE YEAR REVIEW: 2017 – 2021 TOTAL ASSETS $30M $40M $50M $60M $70M $80M $90M $100M $110M $120M $130M Positive financial markets combined with generous 2017 $ 81,967,617 88% gifts contributed to the significant increase 2018 $ 86,040,696 87% in assets for a fifth consecutive year. 2019 $ 99,117,281 87% % Endowed 2020 $ 108,782,504 88% Total Asset Balance 2021 $ 128,155,692 85% Total Endowment Fund Balance MANAGED FUNDS & REGISTERED CHARITY FUNDS* In 2021, LCF continued to partner with other not-for-profit organizations and foundations. Our LCF Managed Funds Program supports other foundations that entrust LCF with the management of their assets. Registered Charity Endowment Funds are established by charitable organizations to build endowments that provide secure sources of operating income to help ensure their future sustainability. Registered Charity Funds Held on Endowment Fund Balance Behalf of Others Total 2017 $ 11,284,247 $ 9,670,825 $ 20,955,072 2018 $ 10,603,210 $ 11,062,560 $ 21,665,770 2019 $ 11,318,306 $ 12,301,949 $ 23,620,255 2020 $ 13,348,083 $ 12,974,454 $ 26,322,537 2021 $ 14,853,764 $ 18,697,681 $ 33,551,445 * Charts represented in millions. 33
FIVE YEAR REVIEW: 2017 – 2021 TOTAL CONTRIBUTIONS* $10M Donor generosity was outstanding this $9.6M year. LCF saw 22 new funds established $8M $8.9M and received $7.6 million in new gifts. The Foundation continues to respond to $7.6M $6M $7.1M requests for flexibility in the giving needs of our donors, which saw continued generosity in many different ways. These included endowment gifts ($4.6 million), $4M flow-through gifts ($3.0 million), gifts $4.0M of security ($3 million), life insurance ($49,000), as well as a record of 11 $2M estate gifts ($2.9 million). $0 2017 2018 2019 2020 2021 ORGANIZATIONAL EFFECTIVENESS LCF continues to be focused on sound management and strong governance – pillars that support the achievement of a healthy workplace where employees and volunteers thrive as a team and where resources and expectations are aligned. Operating costs as a percentage of average asset value has been commonly used by community foundations as an indicator of efficiency. LCF continues to meet the benchmark for foundations of similar asset size, being within the range of 1.0% to 1.5%. 2017 2018 2019 2020 2021 2.0% 1.5% Operating Costs ( % of Total Average Assets ) 1.0% 1.39% 1.45% 1.37% 1.30% 1.14% 0.5% 34 * Charts represented in millions.
UNRESTRICTED $109.2M ENDOWED ASSE TS * $110M London Community Foundation is unique compared to many foundations $105M in Canada in that a large portion of our $95.6M assets are unrestricted. In addition to $90M $86.5M an operating endowment established by the generous Richard and Jean $74.7M Ivey Memorial Fund in 2004, which $75M $72.0M helps offset operational expenses, the Foundation’s Community Fund supports $ 60M LCF’s annual Community Vitality Grant program and other community initiatives. The immense trust our donors place in $45M 38% the Foundation allows LCF to be flexible 35% 32% and responsive, and make larger, more $41.6M meaningful grants in the community. $30M 34% 32% $30.3M $30.9M % $15M $25.3M Endowment Fund Balance $23.2M Total Endowment Fund Balance $0 Unrestricted Assets 2017 2018 2019 2020 2021 SOCIAL IMPACT FUND The Social Impact Fund is a social investment program that turns donations into capital loans for community and non-profit groups. With access to funding that they typically couldn’t get from a bank, groups can further their mission more efficiently and effectively. In 2020 LCF made a significant commitment to the impact investing strategy, allocating up to $20 million towards affordable housing. 2021 was another big year for the fund, as we provided financing to 6 projects, representing $5,037,500 in new loans. 2017 2018 2019 2020 2021 Total Advanced/ Approved $2.75M $3.35M $4.569M $11.469M $16.732M Cumulative Number of Loans 5 6 13 18 23 To view LCF’s full Social Impact Fund portfolio, visit lcf.on.ca * Charts represented in millions. 35
2021 GRANT RECIPIENTS Building a stronger community, together. Forever. LCF’s 2021 grant recipients are diverse and cover all aspects of a vibrant community, representing local, national and global causes. Together, with the support of our donors, we are shifting power to create a more equitable and vibrant community. Aeolian Hall Musical Arts Association BGC London (Boys’ & Girls’ Club) Catholic Central High School AFP Foundation For Philanthropy - Big Bike Giveaway Cheshire Homes of London Canada Big Brothers Big Sisters of London and Childcan Ailsa Craig & Area Foodbank & Thrift Area Childreach Store Bishop’s University Children’s Health Foundation Alberta Gospel Outreach Boler Mountain Children’s Health Research Institute All City Choir Brain Tumour Foundation of Canada Children’s Hospital at London Health Alzheimer Society of Canada Breast Cancer Society of Canada Sciences Centre Alzheimer Society of Huron County Brescia University College Chippewas of the Thames First Nation Alzheimer Society Southwest Partners Calgary Health Foundation City of London Amabile Choirs of London, Canada Camp Kee-Mo-Kee Clarke Road Secondary School Amnesty International Canada Campfire Circle (Camp Ooch and Camp CMHA Thames Valley Addiction and Animal Aide Association of St. Thomas- Trillium) Mental Health Services Elgin Canadian Cancer Society Community Foundations of Canada Animal Love Foundation Canadian Council of Provincial and Community Living London Animalert Pet Adoptions Territorial Sport Federations Congregation of the Sisters of St. Anova Canadian FOP Network Joseph in Canada Architectural Conservancy Ontario Canadian Friends of Boys Town Jerusalem Conservatory Canada Ark Aid Street Mission Canadian Guide Dogs for the Blind Covenant House Toronto Art Canada Institute Canadian Medical Hall of Fame Craigwood Chidren, Youth & Family Art Gallery of Ontario Canadian Opera Company Services Arthritis Society Canadian Red Cross Crouch Neighbourhood Resource Centre Arthur Ford Outdoor Educational Canadian Wildlife Federation Daya Counselling Centre Foundation Can-Voice Consumer/Survivor Defeat Duchenne Canada (Jesse’s Arts 4 All Kids Community Support Services Journey) Atlohsa Family Healing Services Carleton University Diabetes Canada Banting House Carolinian Canada Diocese of London Bereaved Families of Ontario - Carrefour des femmes du Sud-Ouest de Doctors Without Borders Southwest Region l’Ontario Dundas Street Centre United Church 37
East Village Animal Hospital Ingersoll Support Services Inc. McGill University Easter Seals Ontario Investing in Children Meals on Wheels London Ecological Farmers Association of Jessica’s House Merrymount Family Support and Crisis Ontario John Howard Society of London and Centre El Sistema Aeolian District Metropolitan United Church El Sistema South London John Paul II Catholic Secondary School Middlesex-London Health Unit Elgin Children’s Foundation Junior Achievement of South Western Military Family Resource Centre (London) Elgin-St. Thomas Community Ontario MINDS of London-Middlesex Foundation Kids Country Club Mission Services of London Faith Lutheran Church (Port Elgin) KidSport Canada - London Chapter Missionaries of Charity (Vancouver) Fanshawe College Foundation Lambton Kent District School Board Mnaasged Child and Family Services Fanshawe Pioneer Village L’Arche Canada Montcalm Secondary School Farley Foundation L’Arche London Mount Allison University Fellowship Bible Church (New Lawson Health Research Institute Museum London Hamburg) Learning Disabilities Association of Museum of Ontario Archaeology Festival of the Sound London Region Muslim Resource Centre for Social Fighting Blindness Canada Let’s Talk Science Support and Integration Foothills Medical Centre LIFE*SPIN My Sisters’ Place Fraser Institute London & Middlesex Community N’Amerind (London) Friendship Centre Fridge Door Live Theatre Company Housing Naseeha George Bray Sports Association London Abused Women’s Centre National Service Dogs Glen Cairn Community Resource London and Middlesex Historical National Sport Trust Fund Ontario Centre Society Nature Conservancy of Canada Glendale High School London Arts Council Nature London Goodwill Industries, Ontario Great London Central Secondary School New Hope London Lakes London Children’s Museum New Song Church (Windsor) Gordon Jeffery Music Foundation London Community Chaplaincy Nokee Kwe Grand Bend Area Community Health London Community Dental Alliance North Dundas District High School Centre London Community Orchestra North Middlesex District High School Grand Bend Public School London Community Players Nshwaasnangong Child Care & Family Grand Theatre London Community Resource Centre Centre Growing Chefs! Ontario London Cross-Cultural Learner Centre Oakridge Presbyterian Church Harvest Outreach International - London Cycle Link Off the Front Sports Harvest Hands London District Catholic School Board Oneida Nation of the Thames Heart and Stroke Foundation of London Environmental Network Ontario Heritage Trust Canada London Family Court Clinic Ontario Registered Music Teachers’ Heart and Stroke Foundation of London Food Bank Association Ontario London Health Sciences Foundation Open Door Christian Fellowship Heart-Links Lazos de Corazon London InterCommunity Health Centre Operation Walk Canada Historica Canada London Muslim Mosque Ottawa Friends of Tibet Hockey Helps the Homeless London Pro Musica Choir Oxford Community Foundation Holy Cross Catholic Secondary School London Public Library Palace Theatre Arts Commons Holy Family Parish London Symphonia Parkinson Canada Hospice of Elgin London Western Rowing Club Parkinson Society Southwestern Ontario Humana Community Services (Anago London Wheelchair Basketball Parkwood Institute at St. Joseph’s and WAYS) Association Health Care London Humane Society London & Middlesex Lung Health Foundation Pathways Employment Help Centre Huron University College LUSO Community Services Pencils for Kids Huronia Land Conservancy Make-A-Wish Canada Pets/Friends For Life Hutton House March of Dimes Canada PFLAG Canada - London Chapter Indspire McCormick Care Foundation PHSS Indwell Community Homes McCormick Care Group Pillar Nonprofit Network 38
Quad County Support Services Strathroy District Collegiate Institute Ukrainian Canadian Congress Queen’s University Strong Start United Jewish Appeal ReForest London Sunset Community Foundation United Way Elgin Middlesex Regina Mundi Catholic College Swimming Canada Unity Project Regional HIV/AIDS Connection TAP Centre for Creativity University Hospital at London Health Rights and Responsibilities Awareness Temple Israel of London Sciences Centre Initiative Tetra Society Of North America University of Manitoba Rotholme Family Shelter Thames Talbot Land Trust University of Toronto SafeSpace London Thames Valley District School Board University of Waterloo Salthaven Wildlife Rehabilitation & Thames Valley Education Foundation Upper Canada District School Board Education Centre The 1st Hussars Cavalry Fund Upper Thames River Conservation SARI Therapeutic Riding The Champlain Society Authority Scientists in School The Gord Downie & Chanie Wenjack VHA Home HealthCare Scouts Canada Fund Victoria Playhouse Petrolia Sewa Canada International Aid Inc. The Great Commission Foundation Violence Against Women Services Shaw Festival The Leukemia & Lymphoma Society Elgin County Shriners Hospitals for Children of Canada VON Middlesex-Elgin Society Of Saint Vincent de Paul The Local Community Food Centre WaterAid Canada Ontario Regional Council The May Court Club of London Wellspring London and Region South Huron Hospital Foundation The Mustard Seed Westmount Presbyterian Church South London Neighbourhood The Ontario Genealogical Society Western University Resource Centre The Quest Centre Brain and Mind Institute Southwest Ontario Aboriginal Health The Rotary Club of London Foundation Don Wright Faculty of Music Access Centre The Rotary Foundation (Canada) Faculty of Engineering Spinal Cord Injury Ontario The Salvation Army London Centre Faculty of Health Sciences St. George’s Anglican Church of Hope Mary J. Wright Child and Youth St. George’s Presbyterian Church The Salvation Army Ontario Great Development Clinic St. John’s London Lakes Division McIntosh Gallery St. Joseph’s Catholic High School The Stratford Arts Foundation Schulich School of Medicine & St. Joseph’s Health Care Foundation The Sunshine Foundation of Canada Dentistry St. Joseph’s Hospice of London The Tyndale Foundation Western Athletics St. Patrick Parish (Lucan) The University of British Columbia Women and Politics St. Paul’s Cathedral The Urban League of London Women’s Rural Resource Centre St. Paul’s Social Services The War Amps YFC London St. Peter’s Cathedral Basilica Toronto Foundation YMCA of Southwestern Ontario St. Stephen’s House of London Town of Petrolia York University St. Thomas Elgin General Hospital Township of Zorra Yotuni Social Enterprise Foundation True Sport Foundation Youth Centre For Change St. Thomas-Elgin Second Stage Housing Turning Point Inc. Youth Opportunities Unlimited Stevenson Children’s Camp TVCC (Thames Valley Children’s Zhaawanong Women’s Shelter Stratford Festival Centre) 39
Janet Tufts, Executive Director, Big Brothers Big Sisters of London and Area
COMMUNITY VITALITY GRANTS Building Connections: Community Vitality 2021 Community Vitality Grants are supported by generous donors who make unrestricted donations to London Community Foundation and those who entrust their giving to LCF in the form of a Community Fund – providing a permanent source of community capital. This year, we’re pleased to announce almost $1 million in Community Vitality Grants to innovative projects that demonstrate a commitment to collaboration and build community connections for greatest impact. To all our donors – thank you for your foresight, compassion, and generosity! With your support, we’re helping to address some of our community’s most critical needs. Building Capacity Big Brothers Big Sisters of London and Area $51,056 over 1 year For vulnerable children who may be experiencing adversity, a mentor can have a significant positive impact on their social and emotional well-being as well as their future education and career achievements. Big Brothers Big Sisters of London and Area will create a new staff position - a Volunteer Coordinator - to address their volunteer intake bottleneck and eliminate the waitlist of children in need of an adult mentor - which is especially important amid the added stressors of the pandemic. 41
Helping Arabic Newcomer Families with Different Abilities to be Empowered (HAND2E) Muslim Resource Centre for Social Support and Integration $209,000 over 2 years Whenever we have the honour of welcoming newcomers into our community, our city grows stronger and more diverse, but the reality is this population faces a number of barriers upon their arrival including language barriers, system navigation, housing and employment. These challenges are even greater for families who have children with disabilities. The Muslim Resource Centre for Social Support and Integration will implement the HAND2E project, which will support Arabic families that are struggling to access supports and services for their differently-abled children due to cultural and language barriers – all while working with local service providers to develop culturally informed ways to better serve Arabic families. HAND2E Project team (left to right): Nermin Elgohary (Social Support and Integration Worker)- Hafsa Mehmood (Project Coordinator) Sarah Gilmore (Social Worker)
(from left to right): Jordan Buck, Therapeutic Horticultural Practitioner, Hutton House; Joe Gansevles, Program Coordinator, Hutton House; Sara Albers, Urban Agriculture Assistant, Hutton House; Dr. Gabor Sass, Lead Facilitator and Project Partner, KEVA (Kensington Village Association) Cavendish Community Food Hub Hutton House Association for Adults with Disabilities $230,744 over 2 years Hutton House Association for Adults with Disabilities will establish the Cavendish Community Food Hub – a full-scale, accessible urban farm located in Cavendish Park in London’s Kensington Village area on land provided by the City of London. With additional community partners like the Nathan T. Deslippe Memorial Fund developing a model for indoor hydroponic gardens, Greenhouse Academy providing greenhouse and landscaping training, and Beautiful Edibles assisting with programming, the Cavendish Community Food Hub is a joint effort to address food insecurity in London through both agriculture and education. 43
Breaking the Cycle of Post-Incarceration Homelessness John Howard Society of London and District $300,000 over 2 years For individuals exiting the criminal justice system, accessing safe and affordable housing is key to successful reintegration and provides the foundation for them to start rebuilding their lives. John Howard Society of London and District will help address post-incarceration homelessness by providing emergency hotel stays alongside access to supports for reintegration including mental health, addictions, basic-needs, system navigation and finding long-term housing solutions for individuals recently released from custody who are facing homelessness – an under-served and often ignored population. John Howard Society (left to right): Taghrid Hussain, Executive Director; Courty Coqu, Institutional Worker/Counsellor; Tracey Gough, Social Worker, Juliana (Juli) McGrenere, Manager/Social Worker
Michelle Kanter, Executive Director, Carolinian Canada & Amanda Kennedy, Founder, Yotuni Social Enterprise Tsi’thotuhutsya:te (The Creators Land) Community Healing Gardens Project Yotuni Social Enterprise and Carolinian Canada $200,000 over 2 years For generations, Indigenous communities have been forced away from their land, culture and traditions - and continue to experience the trauma of ongoing and historical injustices. That’s why Yotuni Social Enterprise and Carolinian Canada will partner to create space for healing and reconnection. Tsi’thotuhutsya:te (The Creators Land) Community Healing Gardens Project is a social enterprise that will employ Indigenous youth to create gardening kits to be sold to community members – enabling land-based wellness and learning at home with Indigenous food and plants. THE COMMUNITY FUND. You leave it up to LCF to ensure the community’s most pressing needs are supported. Want to be a part of our collective impact? Ask us how! 45
THANK Fund & Donor Recognition * New funds in bold YOU COMMUNIT Y FUND Fred & Beverly Galloway Fund Mr. & Mrs. Frank B. Campbell Fund Gael and William T. Webster Family Mr. and Mrs. R.W. Trollope Family Fund Anonymous (1) Fund Myers Hayman Fund Aaron Family Fund Gordon Lindsay Fund Noble Fund for Family Giving Alec and Joy Richmond Family Fund Grace and Donald Wallace Family Fund Penney and Peter McCain Family Fund Allyn and Betty Taylor Family Grace Earley Fund Richard and Beryl Ivey Fund Endowment Fund H. Franklin Sherlock Fund Richard and Jean Ivey Memorial Fund Angie and Cal Stiller Family Fund Heather and Gerald Klein Family Fund - The Operating Endowment of Annabelle and Ron J. Logan Family Fund Helen, Jean and Kay Renwick London Community Foundation Aurelia Hernandez Fund Memorial Fund Ritchie Family Fund Barrie & Anne Neal Family Foundation Hilstad Family Fund Rob Badun & Eileen Gillese Fund Fund Howie and Doris Evelyn Dunn Fund Rochelle and Robert Siskind Family Fund Barry Pawley Grunple Fund Ian and Nell Haldane Fund Ronald and Helen Hinton Fund Beth and David Girvan Family Fund James & Florence Gibson Family Fund Sari and Sydney Vaisler Family Fund Betty and Len Macdougall Family Fund Jan Pryde Fund Sellery Family Fund Bettye and John Girvin Family Fund Janet and Ross Imrie Fund Semotiuk Family Fund Bill and Cecilia Davies Family Fund Janet Stewart Fund Sharon Kennedy Fund Bogdan Popovic Family Fund Joan VanDuzer Family Fund Siskind, Cromarty, Ivey and Dowler Fund Bookmark Photography Fund John Henry Clinton Family Fund Social Impact Fund Brander Family Fund John L. M. and Ruth E. Fitzgerald SPM Financial Fund Campbell Bros. Movers Foundation Fund Stephen A. Hayhurst Fund Fund June and Ronald Dawson Family Fund Stuart and Jeannette Eberhard Fund Canada Life Fund Kellogg Canada Inc. Fund T.W. Johnstone Family Fund Canada Trust (London) Employees’ Kim and Bruce MacGowan Fund Ted and Grace Kennedy Memorial Fund Charity Fund Koreen Family Fund The AY Foundation Carol and Bud Johnston Family Fund Lerners Fund The Lawson Foundation Challenge Fund Charles and Sue Thompson Family Fund Libby and Peter Fowler Family Fund Tom & Shirley Mitchell Family Fund CIBC Trust Corporate Fund LMHC Housing Policy Research Award Trish Lee and Al MacKinnon Fund Diane Y. Stewart Fund Lockhart Foundation Fund Vision SoHo Fund Diann Vail’s Fairy Godmother Fund London 200 Endowment Fund White Family Fund Dillon Consulting Fund London Investment Dealers Dot and Verse Cronyn Fund Association Fund Dr. & Mrs. Frederick W. Luney Family DONOR-ADVISED FUND Lorraine Ivey Shuttleworth Fund Community Fund Anonymous (2) Dr. Olive and Ila Stewart Family Fund Lucille and Norton Wolf Family Fund Ainsley Delaire Memorial Fund Dr. Tatiana Zdyb Mental Health Lucy Little Family Fund Alexander Family Fund Promotion Fund Margaret and Innes Hammond Fund Allan and Susan Edwards Family Fund Edith Kains Fund Marion and Don Simpson Family Fund Andra and Patrick O’Neill Family Fund Edward and Dawn Ralph Family Fund Mary Ann and Bill Brady Family Fund Andrew Stoddart’s Legacy #11Forever Eileen Ruebsam Fund Mildred and Alexander Maclean Fund Ashley Grace Powell Memorial Fund Eizenga-Cahill Family Fund Miller Thomson Fund Bansal Family Fund Evelyn and David Stiller Family Fund Mitchell and Kathryn Baran Family Barbara and Paul Hogan Fund Faust Family Fund Fund Berlet Family Foundation 46
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