Salt Spring Islanders continued to donate generously to their community foundation in 2012, and all of us on the Foundation’s Board of Directors are proud to have earned this much-valued ongoing support. Our job is to carefully steward the funds entrusted to us and put them to work in the community in the most responsible and effective way possible. I cannot say enough about the commitment and hard work of our growing team of board and committee members who make this happen.

Our 2012 Community Needs Survey confirmed that affordable housing and community health issues remain uppermost in islanders’ minds. We are working with service providers to see how we can be more proactive in meeting these crucial needs. While the Foundation is committed to addressing the major issues challenging island residents, we also continue to support the broadest possible range of community projects.

We sincerely thank our many donors and supporters. Your generous contributions make sure that Salt Spring remains a livable and vital community for all its residents. We especially want to thank those who have set up special funds within the Foundation and those who remember us in their wills.

With your support, the Foundation granted over $140,000 to local charities in 2012. Much work remains to be done, but we are inspired by our dedicated donors and volunteers. Together we can make Salt Spring Island one of Canada’s most caring communities.

The Board of Directors: (front l to r) John Binsted (Chair, Governance Committee), Carol Biely (Chair, Board of Directors), Kees Ruurs (Chair, Community Building Committee); (back l to r) Lesley Reynolds (Chair, Communications Committee), Terry Bolton (Chair, Finance and Investment Committees), Emily Hepburn (Chair, Grants Advisory Committee), Judy Norget (Chair, Donor Relations Committee)

Your Foundation— Caring for our Neighbours

2012

Highlights

SSI Foundation, Box 244, Ganges PO, Salt Spring Island, BC, V8K 2V9www.saltspringislandfoundation.org TEL: 250 537 8305

Connecting your giving with island needs

• Donations and bequests totalled $226,756

• Community Endowment Fund grew to over $4.4 million

• Over $140,000 in grants given to 21 local charities

• $57,000 in Shaw Family Bequest grants given to Island Women Against Violence (IWAV)/Salt Spring Island Abbeyfield Housing Society and Fulford Community Hall Association/ Beaver Point Hall Society

• Grants were given to charitable organizations supporting all five major needs determined by the Foundation’s 2012 Community Needs Survey: housing; community health services; poverty issues; agriculture and food supply; and children’s, youth and family services

Carol Biely, Chair, Board of Directors

Annual Report

Arthritis Society (BC and Yukon Division)To help fund a free arthritis information program to be held on Salt Spring Island.

Beacon Community ServicesFor the Salt Spring Best Babies program.

Fulford Community Hall Association—Beaver Point Hall SocietyTo purchase a generator for emergency preparedness. This grant was made possible by a bequest from the Shaw family.

Gulf Islands Marine Rescue SocietyFor improvements to search-and-rescue communications and a stretcher davit.

Island Farmers Institute FoundationTo create additional storage space at the Bittancourt Museum.

Island Natural GrowersFor fencing for the Rainbow Road Park Allotment Gardens, which provide about 40 garden plots to islanders.

Island PathwaysFor improvements to the pathway and bridge for the trail from Sharp Road to Booth Canal Road.

Island Women Against Violence (IWAV)/ Salt Spring Island Abbeyfield Housing SocietyToward affordable housing for senior women and women in need. This grant was made possible by a bequest from the Shaw family.

Little Red Schoolhouse SocietyFor the construction of two new outhouses at the preschool.

In 2012, the Foundation provided over $140,000 in grants to 21 charitable organizations, thanks to the generosity of residents and friends of Salt Spring Island. The grants included $57,000 made possible by a bequest from the Shaw Family.

SWOVA

Salt Spring Island Public Library

2012 Grant Recipients

photo John Cameron

“Although now living in Victoria, I still feel connected to Salt Spring after 27 years of being involved in

community services for women and youth. As an early SWOVA board

member, I was keenly aware of unmet needs, and I am now pleased to be able to provide financial support

towards the Foundation’s goals by setting up a Field of Interest Fund.”

—Bev Unger

“What better way is there for a Salt Springer to give back to the

community than to remember the Salt Spring Island Foundation when

making a will? A bequest to the Foundation benefits so many worthy

causes and is a way of spreading some good throughout our community.

I am happy that my late wife Margaret remembered the

Foundation in this way.” —Basil Franey

2 Salt Spring Island Foundation 2012 Annual Report

PARC—Salt Spring Tennis AssociationFor a wheelchair-accessible washroom at the Centre Court indoor tennis facility, which is open to all island tennis players.

Salt Spring Centre SchoolFor trail markers to enhance Aidan’s Trail, a safe pathway and nature walk to the school.

Salt Spring Island Community ServicesTo install a sprinkler system at Core Inn, which provides community programs for island youth.

Salt Spring Island ConservancyFor a new program: Fostering Youth Stewardship for the Great Blue Heron.

Salt Spring Island Land Bank SocietyFor upgrades to Grandma’s House transitional house for men and Dean House affordable rental housing.

Salt Spring Island Public LibraryTo assist in funding the computer lab in the new library, which will support computer literacy on the island.

Salt Spring Island Search and Rescue SocietyTo purchase a rescue stretcher wheel/ brake assembly.

Salt Spring Island Trail & Nature ClubTo construct stairs at the foot of the Jack Foster Trail.

Salt Spring Women Opposed to Violence and Abuse (SWOVA) Community Development and Research SocietyTo assist with the Respect, Safety and Sexual Health for Youth program.

School District #64To support the TASK (Trades Awareness, Skills and Knowledge) trades program at GISS.

Victoria Human Exchange Society, Salt Spring Island BranchFor maintenance, windows and curtains for Nancy Wigen House, a transitional house for women.

Viva Voce! Choral SocietyFor music for the Viva Voce! Youth choir.

Gulf Islands Marine Rescue Society Island Natural Growers

Salt SpringCentre School

IWAV/Abbeyfield Housing Society

Viva Voce! Choral SocietySalt Spring Tennis Association

photo Larry Melious

saltspringislandfoundation.org 3

Chris Acheson

Bryan and Lucile Adderley

Rick and Chris Alexander

Janet Andersen

Nighean Anderson

Don and Karen Arney

Bob and Betty Ball

Mardie Banks

Nick Bantock

Steuart Beattie

Roland Beaulieu

Elizabeth and Paul Beckmann

David Bentley

Alan and Terri Bibby

Bob and Carol Biely

Susan Bloom

Carel and Eltje Boekwyt

Astha Bolliger

Terry and Bev Bolton

Gillian Booth

Bob and Judith Borbas

J.N. Braithwaite

Bob Brawn

Peter and Betty Brodie

Tony and Betty Burridge

Ruth Burstahler

Jose and Barbara Bustillo

Grace Byrne

Marj Cade

John and Gladys Campbell

Tom and Joanne Cartwright

David Chalmers

CIBC Children’s Foundation

Matthew and Phyllis Coleman

Edward Coombes

Frank and Lynne Cooper

Country Grocer

Barnie and Bill Cowan

Agnes Cunningham

Dorothy Cutting

Don and Arlene Dashwood

John and Lynne Davies

Audrey and Maurice Davis

Marilyn Thaden Dexter

N. Dinsmore and Sally Plunkett

Charles and Gloria Dorworth

Barbara DuMoulin

Gary and Jan Dunn

Blair and Margaret Dymond

Jim and Joy Eastman

Lyle and Susan Eide

Derek and Barbara Emmerson

Jill Evans

Sharon Farquharson

Robin Ferry and Michael Butler

Curt Firestone and Gwen McDonald

Bob and Liz Food

Stephanie Fowler and Irving Levin

Bob and Judi Francis

Basil Franey

A. Friedman and R. Slavney

Margaret Fulton

Jean Gelwicks and Peter Lamb

Jack and Virginia Giles

Sharon Glover and Doug Wilkins

Laurel Gordon and Murray Sumpton

Pat and Bob Gorman

Patricia Gould

Lillian Graham

A.I. Granger

Paul Gravett and Mark Hand

Hugh and Sylvia Greenwood

Peter and Mary Grove

Gwendolyn and John Hairsine

Jack Hallam

Ken and Marian Hargrove

Janice Harkley

David Hart and Linda Siegel

Ron Hawkins

Marshall and Rose Heinekey

Bill and May Henderson

Emily and Duncan Hepburn

Doug Herchmer

W. Leigh Hill

Ashley and Wendy Hilliard

Helen Hinchliff

Ernst W.B. and Sheila Hoen

Ron and Nancy Holcroft

Marion Holmes

Ross and Elaine Howard

Lee and Judith Hurd

R.D. Illingworth

Island Savings—Growing Island Families Together

Robert Jones and Dorothy Finnigan

Al and Peggy Johnston

Betsy Johnston and Derek Hill

Joseph and Melitta Kandler

Wendy Kaye

David and Lis Ker

Richard Kerr

Paula Kiffner

Hu and Ann King

Ernst and Diana Kramer

Rick and Juliette Laing

Walton Langford

Mary Laucks and Brian Swanson

Marilyn Lawrence

Don Layzell

Peter and Pat Lazenby

Garry and Carol Leach

Patrick Lee

Timothy Leutwiler and David Rumsey

Tom and Chris Locke

John Lowther

Jay and Anne MacAulay

Ian M. MacLeod

Debbie Magnusson

Ron Martin

Rollie and Elaine McCallum

Joan McConnell

Marilyn McDowell

Bob and Verity McKenzie

Donald McLennan

Gina McMahon and Ross Harvey

Denis McMaster

Bob and Donna McWhirter

D.G.C. Menzel

Sara Menzel and Derek Brackley

John and Bev Menzies

Brian and Joan Mitchell

John and Pip Moore

Neil Morie—Architect

Janellen Moses

Norm and Carolyn Mouat

Sue Mouat

Lyndsay and David Mundy

Bob and Nadya Murdoch

Judy Norget and Charles Kahn

Alex and Victoria Olchowecki

Sylvia J. Ommanney

Wilfried and Wiebke Ortlepp

Edward and Carolyn Osborn

Linda and Mike Overholt

Harold and Gladys Page

Louis and Ruth Pepin

Anil and Sheryl Pereira

Margaret Peters

Robert Peters

John and Claire Pickering

Fred and Nancy Powell

Probus Club of Salt Spring

Louise and Bob Quart

Brian and Marjorie Radford

Usha Rautenbach

Victor and Lesley Reynolds

Peter Robinson and Renee Kreeft

H. Ruckle

Denis and Susan Russell

Ann Saddlemyer

2012 Donors

4 Salt Spring Island Foundation 2012 Annual Report

Salt Spring Potters Guild

Gil and Fran Schultz

Stanley Shapiro

Joyce and Peter Sharpe

Jeremy and Jackie Shrive

Terry and Ray Simard

Don and Lois Slotten

Joanna and David Southwell

Barry and Sheila Spence

SS Garbage Blackburn Mall

Hans and Susan Stoffelsma

N.E. Stout

Biz Stratton

Eileen Stubbe

Patricia Sutherland

Ann M. Taylor

Tom and Margaret Taylor

TELUS Corporation

Lynn and Betty Thompson

Gérald Tibbits and Kate Merry

Mary Toynbee

Tom and Yvonne Toynbee

Bev Unger

Vogel Family Trust

Bob Watson

Ron Watson

Donald Weatherill

Bob and Judy Weeden

Nelly M. Weibel

Susan Wettstein

Anne Williams

Jill Willmott

Jane and Jeremy Winter

Glen and Linda Woodley

John Woodward

Sheila Wowchuk

A. Wright

Julie and David Young

Plus 42 donors who wish to remain anonymous

In Memory DonationsWe are most appreciative of the many people who made donations in memory of the following much-loved individuals: Jacqueline Booth, Fordene Kavanagh, Ailsa Pearse, Ivy Piperno, Bas Robinson, Lari Robson, Jean Stark, Pam Taylor, Dr. Frederick Waugh, Louise Woodward.

In Honour DonationsIn honour donations are made to celebrate or thank special people in our community. We were pleased to help honour Dr. John Hutchings, Charles Kahn and Susan Russell.

Salt Spring Island Search and Rescue SocietyThe 2012

Community Needs Survey

In the spring of 2012 the Foundation conducted an online survey to ask islanders what they thought were the most critical issues facing our community. We received responses from 446 island residents, aged 18 to over 75, and from all areas of Salt Spring.

What did you tell us?The top five critical needs not being met are housing (65.9%), community health services (52.2%), poverty issues (50.6%), agriculture and food supply (40.8%), and children’s, youth and family services (39.8%).

Shortage of funds and lack of willing volunteers are the most significant barriers facing island non-profit organizations.

We should continue to support a wide range of local organizations.

How is the Foundation responding to the survey results? We are taking a proactive role in assisting community non-profit organizations to overcome the barriers they face.

We are continuing to look for opportunities to bring local groups together to stimulate new ideas to address community problems.

We are joining community foundations across Canada in the Smart & Caring Communities initiative.

“Keep up the good work. Keep a balance of giving funding to where

it is most needed and spreading funding across all good causes.”

—survey respondent

“Having been fortunate enough to see the Salt Spring Island community grow over the past 24 years, we really appreciate the Foundation’s support of a wide variety of community needs and activities, including social services

for young and old, affordable

housing, the arts, environmental conservancy, educational programs for

schools, and more. It is

reassuring to know that the Foundation is committed to responsible stewardship and distribu-tion of funds to worthy organizations.”

—Barry and Sharon Cooke

saltspringislandfoundation.org 5

BequestsWe gratefully acknowledge the following donations received by the Foundation through bequests. All bequests are held in our Community Endowment Fund and will be recognized in perpetuity.

Anonymous #1 ..................................................................................... $7,250Anonymous #2 ..................................................................................... 24,100Anonymous #3 ..................................................................................... 23,600Anonymous #4 ...................................................................................... 11,000Anonymous #5 ..................................................................................... 15,115Anonymous #6 ........................................................................................5,150Anonymous #7 ..................................................................................... 50,545Anonymous #8 .........................................................................................9,955Anonymous #9 ........................................................................................6,500Sheri Berkowitz Fund .........................................................................5,700Jacqueline Booth Memorial Fund ........................................... 19,750 *Art Botham Memorial Fund ........................................................ 14,300Bob and Sharon Brawn Fund ...................................................... 24,285George William Brown Fund ........................................................ 6,000James A. Brown Fund ........................................................................ 10,730Brown/Sanderson Fund ................................................................ 20,550Grace and Pat Byrne Fund ........................................................... 27,104Barnie and Bill Cowan Fund ......................................................... 62,600Dorothy Cutting Fund .................................................................... 33,600William David Dexter Memorial Fund .................................. 11,243Migs Edwards Fund .............................................................................5,000Basil and Margaret Franey Fund .............................................. 31,165Laurel Gordon and Murray Sumpton Fund ....................... 25,400Jack Hallam Fund, on behalf of G.L.O.S.S.I...............................7,670Mimi Gossett Memorial Fund ..................................................106,000Kirby and Pat Herchmer Fund .......................................................6,105Marc and Jean Holmes Fund ....................................................... 10,160Lee G. Hurd Fund ...................................................................................5,000Anita Kahn Memorial Fund ............................................................5,100Nancy and D. Keith-Murray Fund ............................................. 10,245Roy, Mollie, and George Lamont Fund .................................. 40,856Helen Elizabeth Langford Memorial Fund ........................ 56,406Irving Levin and Stephanie Fowler Fund ............................ 14,159Kay and Ralph Magee Fund ............................................................5,125Ann and Gundy McLeod Fund ...................................................... 6,000Allen and Joan McConnell Fund ............................................... 19,746Hugh and Nancy McCullough Fund ........................................ 26,458Giséle and Brian McDermott Fund ............................................ 5,000

Don and Betty McMahon Fund .....................................................5,000John and Bev Menzies Family Fund ....................................... 44,925Mary Moat Fund ................................................................................... 5,000Drs. Albert and Peggy Mouat Johnston Fund ..................... 7,200E.A. (Effie) and W.M. (Will) Mouat Memorial Fund .......... 11,655Jessie Mouat Toynbee Fund ......................................................157,560Norman and Carolyn Mouat Fund .......................................... 11,000Olivia D. Mouat Fund ....................................................................... 11,461Richard Mouat Toynbee Fund ................................................... 12,100Judy Norget and Charles Kahn Fund ...................................... 7,940Joyce and Joseph Ovenden Fund ............................................... 5,000Linda and Mike Overholt Fund .................................................. 30,000Harold and Gladys Page Fund .................................................... 9,500 Dick and Chris Pattinson Fund ................................................... 9,550Hector Perry Fund ............................................................................ 13,155John and Claire Pickering Fund ............................................... 39,914Al and Mary Pike Fund ..................................................................... 7,863Leslie Ramsey Memorial Fund .................................................... 5,850Dave Rayment Memorial Fund ................................................... 5,480Hubert and Margaret Robinson Fund .................................. 26,400Bob and Jinny Rush Fund ............................................................. 26,228Dr. Raymond Rush Fund ................................................................ 26,175Saltsea Holding Fund ....................................................................102,800Dennis and Sanchia Seward Fund .............................................7,250Stanley and Roberta Shapiro Fund ...........................................6,000Stowel Lake Farm Fund ................................................................. 11,000Terry and Sue Strain Fund ................................................................5,300Mort and Biz Stratton Fund ....................................................... 12,434Al Stubbe Memorial Fund ............................................................ 54,500Allison and Mel Sumner Memorial Fund .................................5,715Manson Toynbee Fund .................................................................. 12,650The Unger Family Fund for Children and their Mothers and Senior Women in Need ..................................100,000 *Nels Vodden Fund ............................................................................ 10,000Cordula Vogt Fund ...............................................................................6,350Wettstein Family Fund of The Calgary Foundation ...... 19,200Audrey and Robert Wild Fund .................................................... 13,516Cam and Terry Wilkinson Fund .................................................. 10,000

Milestone and Field of Interest FundsWe are most appreciative of our many Milestone and Field of Interest Fund donors, who have provided a lasting legacy to our community through their donations and bequests. All Milestone and Field of Interest Fund gifts and bequests are held in our Community Endowment Fund.

Ruby Alton Estate ..........................................................................$298,171Elizabeth Baker Estate ....................................................................25,000Ruth Crane Estate ..............................................................................35,463Helen Margaret Franey Estate .................................................. 10,165 **Valerie Gyves Estate ...............................................................................500John H. Kavelin Estate........................................................................... 500John Lees Estate .................................................................................... 9,000Gordon Parsons Estate ..................................................................... 5,000Gwen Ruckle Estate ....................................................................... 137,781Shaw Family Estate ....................................................................... 705,820Fred Slaney Estate ............................................................................... 1,000

*Field of Interest Funds **2012 bequest 6 Salt Spring Island Foundation 2012 Annual Report

Summary of Financial StatementsAs at December 31, 2012 Please refer to our website for the full audit report and notes

Statement of Operations 2012 2011REVENUE Donations $ 226,756 $ 150,041 Donations, flow-through 0 3,962 Donations, Shaw bequests 87,000 0 Investment income 170,693 150,699 Miscellaneous income 364 1,541 Gain or loss on sale of investments, realized (796) 28,450 Gain or loss on value of investments, unrealized 123,434 (29,933)

Total Revenue 607,451 304,760 EXPENDITURES Grants 83,958 82,112 Grants, cancelled (500) (11 ,925) Grants, flow-through 0 3,962 Grants, Shaw 57,000 30,000 Foundation projects 0 7,000 Equity management fees 22,194 24,081 Advertising and promotion 1,587 3,288 Bank charges and interest 1,676 1,218 Contracts, administration 16,252 15,517 Computer and software 815 990 Fees, meetings and general 4,094 4,236 Harmonized sales tax 3,366 0 Insurance/legal 1,310 6,227 Professional fees 5,803 6,000 Printing, postage and publishing 8,205 8,844 Stationery and supplies 483 602

Total Expenditures 206,243 182,152

Excess (Deficiency) of Revenue over Expenses 401,208 122,608

Statement of Financial Position ASSETS Cash $ 260,395 $ 310,231 Term deposits, unrestricted 0 12,347 Term deposits, restricted 518,000 605,200 Accounts receivable 10,185 11,579 HST receivable 3,200 3,174 Prepaid expenses 0 0 Prepaid organizational costs 0 0 Investments 3,610,048 3,159,663

Total Assets 4,401,828 4,102,194

LIABILITIES Accounts payable and accrued liabilities $ 16,502 $ 45,138 Undistributed grants 67,323 53,480 Flow-through funds 518,419 605,200

Total Liabilities 602,244 703,818

NET ASSETS Externally restricted 723,069 723,069 Internally restricted 2,059,323 1,965,926 Unrestricted net assets 1,017,192 709,381

Total Net Assets 3,799,584 3,398,376

Total Equities Plus Liabilities 4,401,828 4,102,194

Notes to Financial Statements

(1) As of January 1, 2011, the SSI Foundation was a society registered as a public foun-dation with the Charities Directorate, Canada Revenue Agency. As such, it was exempt from income tax and could issue tax receipts. The Foundation’s charitable organiza-tion number was BN 811053255 RR0001.

(2) The Foundation follows Canada’s generally accepted accounting principles pertain-ing to non-profit organizations in the preparation of its financial statements.

(3) The Foundation has adopted the financial instrument standards issued by the Canadian Institute of Chartered Accountants Handbook Section 3855, Financial Instruments—Recognition and Measurement, and Section 3861, Financial Instruments—Disclosure and Presentation.

(4) Investments are recorded at fair value as determined on the last day of the fiscal period using published market quotations.

saltspringislandfoundation.org 7

Ways to Give

Special Thanks

n Milestone Funds help build the Community Endowment Fund and are suitable for donors who prefer to have the Foundation make granting decisions on their behalf. Create a Milestone Fund, previously called a Named Fund, with your donation (or accumulated dona–tions) or bequest of $5,000 or more. The fund may be in your name or the name of someone you wish to honour.

n Field of Interest Funds enable donors to specify a particular field of interest to which the income of their fund will be directed, for example, social services, children and youth, arts and culture, or the environment. A Field of Interest Fund can be established by your donation (or accumulated donations) or bequest of $15,000 or more and can be in the name of your choice.

n Advised Funds are useful options for those who wish to specify a particular island charity (or charities) as the recipient(s) of the annual distributions made possible by their funds. It’s possible to create an Advised Fund with your donation (or accumulated donations) or bequest of $25,000 or more. As with the fund types above, your Advised Fund can be in the name of your choice.

n Partnership Funds allow donors to work with the Foundation to decide how best to enrich the quality of life on Salt Spring. Partnership funds may be estab-lished with your donation (or accumulated donations) or bequest of $50,000 or more. Donors can meet with a Foundation representative each year to provide direction about the distributions made possible by their funds.

n All our generous donors—past and present

n Our dedicated 2012 committee volunteers:

Communications Committee: Mary Rose MacLachlan, Kate Merry, Judy Norget, Diane Thomas, Jane Winter

Community Building Committee: Maryann Bird, Lynne Johnson, Maddee Nash, Lyle Petch, Jacquie Stevulak, Anne Williams

Donor Relations Committee: Maryann Bird, Carol (Burbidge) Johnson, Nora Layard, Jane Winter, April Wright

Grants Advisory Committee: Nighean Anderson, Barry Cooke, Marshall Heinekey, Adina Hildebrandt, Bob Rush, Glenn Woodley, April Wright

Investment Committee: Debby Wetmore

n Our Friends of the Foundation group: Tom Toynbee (chair), Gladys Campbell, Wendy Kaye, Patrick Lee, John Pickering

n Judy Norget, who retired from the Foundation’s board in 2012 after giving many years of service to the Foundation; her energy and commitment will be missed

n Gulf Islands Driftwood, managing editor Gail Sjuberg and writer Pat Burkette for the Aqua article

n Gérald Tibbits and the Gulf Islands Driftwood for photographs; Pat Bennett for her help with the Foundation’s 2012 display; Richard Moses and Salt Spring Island community radio station CFSI 107.9 for our public service announcement

n Our auditor, Janice Harkley; Terri Bibby, for our website; part-time administrators Linda Frost and Derek Capitaine

n Barbara Hayden and Darryl Janyk at the CRD Building Inspection Office

n Gulf Islands Driftwood, Country Grocer and Mouat’s Trading Company for their ongoing support

n Louis Pepin and all those other volunteers and community members who made it possible for the Foundation to operate with minimal administrative costs of approximately 1.5% of our assets

n Joni Ganderton and Steve Somerset of the R. Joni Ganderton Group, BMO Nesbitt Burns

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Tax-deductible donationscan be made through our website at:

www.saltspringislandfoundation.org

BY PHONE: 250 537 8305 BY MAIL: SSI Foundation, Box 244, Ganges PO, Salt Spring Island, BC, V8K 2V9

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8 Salt Spring Island Foundation 2012 Annual Report