Funds at the Foundation
In 2007 the Foundation became home to four new endowment funds and receipted nearly $300,000. In 2008 the Foundation received donations exceeding $700,000.00 which included the creation of two new endowment funds and a flow through fund established for the Dow Legacy project. In 2009, the Foundation was pleased to welcome five new endowed funds and two flow through funds. The total receipts for the year exceeded $310,000.
At the same time our asset base has grown. Beginning with an initial base of slightly more than $30,000 the asset base grew to $976,066 by December of 2002 and by 2007 had reached $1,593,694. The Foundation Endowment Funds are subject to the fluctuations of the market. Currently, the Foundation houses assets totalling nearly $2,000,000.
Already established funds and donors include:
Community Fund
Established in 1983, this fund is comprised of donations large and small from many donors through the years. It is the primary source of funds for the annual community grants.
Within the community fund a number of families have chosen to have a named fund. The income from these funds are also directed towards community grants in accordance with the donor's instructions.
- Link Family Fund
- Graydon and Bell Baines Family Fund
- Kingsley and Madeline Mahon Family Fund
- Shannon Family Fund
- Stuart and Louise Sullivan Family Fund
- Jean and Harold Hunter Family Fund
- Douglas & Evelyn Barber Fund
- Catterson Family Fund
- Dick & Isabelle Ford Family Fund
- John & Barbara McNeil Fund
- Xanthopoulo Family Fund
- William and Barbara Palmer Family Fund
- Bob and Helen Noble Fund
- Bayside Centre Fountain Fund *new in 09
- Director's Fund * new in 09
Donor Advised and Designated Funds
The donor advises the Foundation each year which organizations are to receive a grant from the income generated by their endowed funds. Donors may choose the recipient from grant applications received by the Foundation, give direction for continuing disbursements or make a charity of choice or work with the Foundation staff to make a decision on an annual basis.
- Rozema Family Fund
- Charles and Alexander Mackenzie Fund
- Hall Family Fund
- NOVA Chemicals Fund
- Grogan Family Fund
- Les & Deborah McDermott Fund
- E.C. Fleming Family Fund
- Gerry & Joanne Hines Family Fund
- Bernard and Maureen Wiechula Fund
- Sarnia Heavy Construction Fund * new in 09
Field-of-Interest Funds
The donor defines the charitable field of interest to which the income from this fund will be directed. Funds have been established in the area of Children and Youth, Health, Education, Social Services, the Environment and Arts and Culture.
Education
Society of St Vincent de Paul/JJY Trades Scholarship * new in 09
Children & Youth
- Botma Family Fund
- McKay Family Fund
- Ontario Endowment for Children and Youth
- Donald Steeves Family Fund
Healthcare
- Doc's on Ice Fund
- Dow President's Honour Club Fund
Environmental Fund
Donations to this fund have resulted in funding for a number of community projects including the One Tomato initiative
Arts & Culture
Social Services
Dow Social Fund
Marceil Saddy Operating Fund
A gift to the Foundation from the late Marceil Saddy created the Operations fund. The income from this fund is used for the operation of the Foundation office thereby increasing the amount available for grants to the community from other funds.
Flow Through Funds
These funds are held by the Foundation for specific time limited projects and programmes in the community.
- Moffatt Scholarship Fund
- Environmental
- Charles and Alexander Mackenzie Family Fund
- Cardiac Rehabilitation Fund
- Sarnia Lambton Chamber of Commerce 100th Anniversary Legacy Scholarship Fund
- Dow Centre for Youth Fund
- Sarnia Connects Fund * new in 09
- Society of St. Vincent de Paul Sarnia Lambton Particular Council Scholarship * new in 09
Agency Endowment Funds
- YMCA of Sarnia Lambton Legacy Fund * new in 09
Legacy Gifts
The Foundation is honoured to be the recipient of a number of planned legacy gifts from donors who intend to leave a portion of their estate to the community causes that inspired them during their life time.
Insurance Policies
These donors have chosen to give the Foundation a gift of life insurance: James & Barbara Boyes, Diane Langlois, Cameron & Calvin Wallis
This page was last modified: January 10, 2010