|2004/ June 30
|2003/ June 18
|2002/ June 18
From time to time, I issue a record
of the year’s
contributions to the APEGGA Education Foundation. This is
done according to availability of data, and with a view to
The PEGG’s publishing deadlines.
As a result, I have difficulty making year-to-year comparisons
with a corresponding date. Henceforth I’ll attempt
to issue this data quarterly or at least half yearly, although
this might result in giving less current numbers. So the
graphic above this column shows a comparison for the current
and two preceding years.
We are in line with year 2003 voluntary donations when you
make some adjustment for the extra two weeks of donations
I have some concern that we seem to have peaked here; I
would have hoped to see growth over 2003. Have our successes,
particularly in new and additional scholarship monies, caused
our donor base to think that they don’t need to be
concerned any more? Have we simply not made enough effort
to expand our donor base? We count on our year after year
supporters to continue and our success depends on expanding
the donor base.
In a letter to foundation board members, APEGGA Education
Foundation President Norman Orr, P.Eng., made these remarks:
“At the Foundation AGM it was clearly stated that the
Foundation needed to undertake a larger means of raising
funds to support
the scholarships that we give and have committed to. By my
quick calculation we have now committed, with the new Alberta
Centennial Scholarship, our move to increase all Transfer,
the Millennium and all other existing scholarships, our total
average income from all sources. Without a new source of
funds we could begin to erode our assets.”
That says it all.
Based on this statement, it is likely that the board will
spend considerable time on this in the balance of the year.
One initiative under consideration follows a presentation
and proposal by a major Canadian financial institution to
the board to adopt an affinity credit card in the name of
the foundation. The revenue benefit is that the foundation
would receive from 0.15 per cent to 0.25 per cent of net
retail sales of these card users (depending on class of card
This could be a significant revenue stream. It would also
serve to promote the APEGGA Education Foundation name in
our community. Even if the board wishes to proceed, it will
be necessary to get concurrence from APEGGA because its name
appears in our title.
Another initiative already underway is to send a mail-out
to our life members who are not invoiced annually because
of grandfathering. When this was last done in 2002, there
was a very generous response.
In these ways, the foundation hopes to support existing
approved scholarship increases and to create new programs
to help future leaders in our professions.