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P.O. Box 48358, Bentall Centre
Vancouver, BC V7X 1A1
admin@rotaryvancouver.org 
www.rotaryvancouver.org
Vol. 103 No. 18
Gerry Glazier, President
Gabby Dickert, Secretary

UPCOMING MEETING NOVEMBER 10, 2020
Captain Bill Annand, Infantry Officer
Seaforth Highlanders of Canada
Remembrance Day Program

Born in Ontario as the oldest of three children, Captain Annand first acted on his life-long interest in soldiering when he joined the Royal Canadian Army Cadets as a young teenager. He Joined the Canadian Armed Forces on completing high school in 1980.
 
Captain Annand started his career as a Private soldier with Princess Patricia’s Canadian Light Infantry (PPCLI).  On completion of his basic and Infantry training, he was posted to 1st Battalion (Bn) PPCLI in Calgary Ab. In the 1st Bn, he progressed through the junior Non-Commissioned ranks and held various positions, including positions within the Bn’s rifle companies and in Combat Support Company, primarily in the Bn’s Anti-Tank platoon.  
 
In 2018, after 38 years of service, Captain Annand retired from the Regular force and transfer to the Army Reserve as a Seaforth Highlander.
 
In the context of Remembrance Day, Captain Annand will discuss current and recent Canadian Armed Forces operations, both overseas and domestic, and the contributions of soldiers from BC to them.
 

UPCOMING MEETING NOVEMBER 17, 2020
Club Day

________________________________________________________________________

UBC Rotaract Club Fundraiser

 
UBC Rotaract will be hosting a Clothing Drive from November 9th to 15th for the Downtown Eastside Women's Shelter. Though the women's shelter is their primary focus, they are happy to accept both male & female clothing. They will find homes for everything. With COVID and colder weather coming upon us, this is a great way to contribute positively to our community during these uncertain times, and clean out our closets!

If you would like to make a monetary donation to the Downtown Eastside Women's Shelter instead, please send an e-transfer to rotaract.vancouver@gmail.com.
 
___________________________________________________________________
Upcoming Events
CONTACT COMMITTEE CHAIRS FOR UPCOMING DATES
please click on the titles for more info for specific events
Membership Committee Meeting (contact membership@rotaryvancouver.org)
virtual ZOOM meeting
Nov 24, 2020 8:30 AM
 
Investment Club (contact Chair for updates on meeting dates)
Nov 26, 2020 6:00 PM
 
Public Image committee meeting (contact media@rotaryvancouver.org)
virtual ZOOM meeting
Nov 27, 2020 10:00 AM
 
Public Image committee meeting (contact media@rotaryvancouver.org)
virtual ZOOM meeting
Dec 11, 2020 10:00 AM
 
Youth Service Committee meeting (email youth@rotaryvancouver.org for meeting invite)
virtual ZOOM meeting
Dec 15, 2020
 
Youth Service Committee meeting (contact youth@rotaryvancouver.org)
Dec 15, 2020
11:00 AM - 12:00 PM
 
International Service Committee meeting (contact international@rotaryvancouver.org)
virtual ZOOM meeting
Dec 17, 2020 7:00 PM
 
Food on the Corner
Dec 19, 2020 11:00 AM
 
Public Image committee meeting (contact media@rotaryvancouver.org)
virtual ZOOM meeting
Dec 25, 2020 10:00 AM
 
Membership Committee Meeting (contact membership@rotaryvancouver.org)
virtual ZOOM meeting
Dec 29, 2020 8:30 AM
 
Investment Club (contact Chair for updates on meeting dates)
Dec 31, 2020 6:00 PM
 
View entire list

MEMBERSHIP MATTERS

 
If no written objection is filed with the Secretary by Nov 13, 2020, the following individual will, upon payment of the dues and assessments determined by the Board, be declared elected as an individual member of the Rotary Club of Vancouver recognized by Rotary International. 
 
Soudeh Keypour
Classification:
Architecture
Proposer:
Parisa Adrangi
 
 
Best wishes for a speedy recovery to our members, and there have been a few, who are recovering from recent medical procedures. 
 
Special shout out to Barbara Welsh who underwent serious back surgery -- sending get well vibes your way. 
 
 
 Chris Motion Nov 05
Aldo Brussoni Nov 07
 
at our Club
Carolyn Dueck 16 years
 
wedding
none this week

Last Meeting November 3, 2020

Gerry Glazier, President, chaired the meeting.
Gabby Dickert, Secretary, hosted the meeting via ZOOM.
Miya Otake played O Canada on her harp via taped video.
Jill Pennefather, Sergeant at Arms Elect, introduced guests
 
President’s Announcements:
  • Welcome to our guests, new and returning, as well as our own members who have taken the time out of their busy lives to be with us today. Thank you for joining us.
    It’s good to see Sean Chan amongst us again. Sean joined our club in May 2018 but not long after left with his family for Singapore. Welcome back Sean.
  • Even in the face of COVID, or perhaps as a result of it, we’ve been fortunate in that our membership has increased with more “younger” members joining. Thank you to our Membership committee for the great work they are doing. We are looking forward to meeting them all in person at our new member reception to be held on November 18th at the Terminal City Club. Due to strict restrictions on the numbers, attendance is by invitation only.
  • As noted in the last two Rotors, our sponsored UBC Rotaract Club is fundraising and collecting items to help pregnant women of our community in need of support for their pregnancy and/or childcare.
    You can help by donating items, e.g., diapers, baby equipment, clothing, books, toys, etc., and of course cash is always accepted. Contact Carolyn and she’ll give you the info needed to donate.
Secretary's announcements:
  • reminders of upcoming events/meetings (see above)
  • birthdays, member club anniversaries, wedding anniversaries (see above)
     
Member's Moments and Special Announcements:
  • Ryan Crean interviewed by Franco Gallo. CLICK HERE to view the complete interview. Congratulations to Ryan and his wife, Jennifer, who are expecting a wee one in February 2021.
  • Wayne Fraser provided an update regarding the club’s strategic planning – Wayne is working with Saarika Varma on it. A lot of work has already been done. They are standing on the shoulders of their predecessors. The current doc they are working with is from the 2019-20 year. Committee chairs have been reached out to looking for collaboration. The goal in next month is to put together action items to share with all. Contact Wayne and or Saarika if you want more info.
  • John Hayto provided a quick update for Youth exchange. The district is planning on following through with applications for next year. Everything is tentative because of COVID but they are moving forward nonetheless, hoping for the best. Looking for host families. They already have one student applicant. Want to see if there are any other students interested – club members who know of anyone contact John Hayto, John Bathurst, or Carolyn. Note: the students/families do not need to be Rotary members.
  • Eileen Wallgrove, a UBC Rotaractor provided an update on what their club has been up to and what’s next in the plans. They have 40 paid memberships so far and are looking for more in the new year after 1st years are a little more settled. They will be hosting their presidential election later this month. The finance committee is looking to set up ability for e-transfers, an essential during COVID times. They have been participating in virtual visits to senior homes, over ZOOM. Recently held fundraiser, Rake for Diapers, where they received some great donations. They’ve been hosting movie nights, but have had low attendance for that so far.
    Upcoming fundraiser: Collecting used and new clothing for an east side women’s shelter. See above for more information and the link to help.
  • Bill Schulz visited Leo Allas last week. Leo is wheelchair bound now and it’s not possible to visit in person. Leo is 99 years now (birthday in September), and is doing great!
 
Program:
John Bathurst intro Calvin Fong, business associate over many years. Now Director of Donor Services at Vancouver Foundation. Works with donors to establish their own endowment funds within the Foundation.
 
The Vancouver Foundation has been supporting donors and the charitable sector in BC for over 75 years. But over the past 20 years the changing sea known as the charitable sector in BC has pushed the Vancouver Foundation to new horizons and challenging it to stay afloat in the vast ocean known as the charitable sector in Canada.
 
The Vancouver Foundation was established in 1943. It is the third oldest community foundation in Canada behind the Winnipeg Foundation (1921) and the Victoria Foundation (1936). It is one of 191 community foundations across Canada (there are 53 in BC). Community foundations can be found all over the world. The first community foundation was the Cleveland Foundation (1914). There are 1,876 community foundations globally.
The Vancouver Foundation acts as an intermediary between donors and charities to facilitate the movement of financial support.
 
"Vancouver Foundation is Community Inspired. We connect the generosity of donors with the energy, ideas and time of people in the community. Together, we’ve been making meaningful and lasting impacts in neighborhoods and communities since 1943."
 
Their vision: “to build healthy, vibrant, and livable communities across British Columbia”.
 
The process is: (1) money is gifted to the Vancouver Foundation, (2) the capital is invested and income is generated, and (3) income is granted to charitable causes.
 
When funds are received a fund is established by a donor (Donor Advised Fund for an individual or Agency Fund for a charity) to provide a consistent and sustaining source of income for a charity. Two types of funds:
Permanent:
  • Permanently held
  • Perpetually invested
  • $10,000 minimum initial contribution
Non-permanent:
  • Capital encroachment permitted
  • Invested while held
  • $100,000 minimum initial contribution
How the funds are used:
Capital:
  • Consolidated Trust Fund
  • Socially Responsible Investment (SRI) Fund
  • One Fund / One Switch
Income:
  • Annual distribution rate
  • Quarterly income distributions
  • Grant (or reinvest for charity)
Their consolidated trust fund is a diversified balanced fund of equities, fixed income, real estate and multi-strategy funds. It was established in 1943, has assets totalling $1.23 billion, and has 14 investment managers taking care of it. The asset allocations include:
  • 35% global equity
  • 20% Canadian equity
  • 17% multi-strategy
  • 15% fixed income
  • 8% real estate
  • 5% mortgages
Their socially responsible investment (SRI) fund is a fossil-fuel free balanced fund that screens out companies predominantly involved in fossil fuels, military weapons, nuclear power utilities, and tobacco. It was established in 2002, has assets totalling $24.49 million, and is managed by Jarislowsky Fraser Global Investment Management. The asset allocations include:
  • 50% global equity
  • 30% fixed income
  • 20% Canadian equity
The investment performance of the two funds shows as:
Annualized
Rate of Return
YTD
2020
1
Year
3
Years
5
Years
10
Years
CTF
2.64%
5.36%
5.96%
7.28%
8.25%
SRI
6.42%
10.26%
9.32%
8.29%
8.00%
CPI1 + 3.5%
2.34%
4.16%
5.21%
5.03%
5.18%
To September 30, 2020 (Annualized)
*Returns are best gross of fees estimates based on available data
1CPI (ending June 30, 2020)
 
In 2019, 560 grants were disbursed totalling $15.6 million. The grant programs that the Vancouver Foundation supports:
  1. Systems Change Grants. Grants for charities and other qualified donees with projects that take action to address the root causes of pressing social, environmental or cultural issues in BC.
  2. Participatory Action Research Grants. Grants to support research that is co-led by community members and researchers to learn more about the root causes of pressing issues impacting the health of communities.
  3. LEVEL Youth Granting. Grants for charities and other qualified donees across the province to engage indigenous and racialized immigrant and refugee young people in staff leadership and board governance.
  4. Neighbourhood Small Grants. Grants of up to $500 for infividuals with ideas to help connect and engage residents in their neighbourhood. Because small is beautiful, and small things can have a big impact.
  5. DTES Small Arts Grants. Grants of up to $1,000 for artists who live or work in the downtown east side. Show your connections to the downtown east side, and take your art to the next level.
Their Donor Advised Fund Grants provided, in 2019, $50 million with 5,221 grants disbursed through 760 Donor Advised Funds and 313 Designated Funds.
Combined, the Grant Programs and Donor Advised Fund Grants, 1,725 unique organizations were supported, 67% were within BC and 33% without BC. Our Rotary club has been one of the recipients.
 
Surveys were complete in April & May 2020 by Imagine Canada, and another in August 2020 by Ontario Nonprofit Network (ONN) and Assemblee de la Francophonie do l’Ontario (AFO). The findings were similar, an increase in demand for services, a serious decrease in financial support. Many nonprofits are struggling, having to lay off staff, difficulty securing volunteers due to COVID restrictions, having to use the financial reserves they have to survive. The future looks bleak in that 20 percent (1 in 5) nonprofits believe they will close their doors within the next 6 months. Even so, charities are doing their best to continue operating and delivering their much needed services and programs.
 
The liberal government when embroiled in the WE charity scandal, pulled back from all funding for the sector. They have not reinstated any funding to any charities.
 
Anyone involved in charity is urged to give some thought in supporting the sector. Clearly, reflective of going into this pandemic that, many programs have suffered because they cannot be delivered. So, is continuing to provide grant or donation funds towards a specific project the best use of those funds? It may be that it does not address the current needs. The need for more unrestricted funding is paramount now. Organizations are on constant merry go round where they continue to fund on-going projects when they cannot operate, i.e., keep the lights on and keep staff employed. We need to trust charities to be judicious in using funds to carry on their missions in the best way possible.
 
As charities we are competitive. We compete for members, donors, funding dollars, recognition, awareness in the market, etc.
 
Applying for grants is a barrier to getting the great work done for many charities. For those adept at filling out the arduous applications do win. For those who don’t have those grant writing skills, don’t get the resources, and as a result their great work does not get funded.
Racial inequity has come to the fore with this pandemic. By the same token, the pandemic has been used to bring up awareness. It is important to listen to those communities and the people we call constituents in those communities as to how to best help them. This versus “we” know best.
 
In closing, every charity should strive to close shop. Should be working towards not needing charity. Wouldn’t that be a wonderful achievement?
 
If you’d like to talk to Calvin Fong, you can contact him via email, calvin.fong@vancouverfoundation.ca, or phone, 604-629-5357.
 
CLICK HERE to go to the Vancouver Foundation website.
 
 
Meeting adjourned with a toast to Rotary’s efforts for a polio free world.
 

November 20, 2020

ROTARY OPENS OPPORTUNITIES

Gerry Glazier, President
admin@rotaryvancouver.org   Gabby Dickert, Secretary