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Our Goal and Management
of the 2020 Fund Assets | To
Contribute | Donation Form
| Our Goal The 2020 Fund was initiated by Squash BC to help protect the future of Squash in British Columbia. As funding from government and other sources becomes less and less predictable, it is important that we find alternative ways to ensure a sound financial future for Squash. The intention is to use monies accumulated through the 2020 Fund to promote the growth of the game through the development of junior squash. By establishing a vibrant and well financed junior program, we will have taken a major step towards assuring a successful future for Squash in BC. Our goal is to accumulate a minimum balance of $200,000. At that point, a portion of the income generated by the Fund will be used to provide additional financial support for junior squash. Management of the 2020 Fund Assets Assets of the 2020 Fund are held and invested by the Vancouver Foundation. Using the Vancouver Foundation for this purpose offers a number of advantages. By pooling the assets with other charitable organizations, the 2020 Fund obtains access to specialized investment management services only available to very large pools of capital and it benefits from minimizing management fees charged to the Fund. Holding the assets at arms length from Squash BC also keeps the 2020 Fund assets safe from possible claims by creditors of Squash BC and reduces the risk of prejudicing Squash BC’s eligibility for income from other sources. Once the Fund reaches the initial $200,000 target, Squash BC will begin receiving a distribution from the Vancouver Foundation each year. This distribution (currently at the rate of 5.0%) is expected to increase as the Fund balance grows through investment earnings and continuing donations. Further information about the Vancouver Foundation
can be found at www.vancouverfoundation.bc.ca |
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Squash British Columbia
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