R e p o R t t o t h e C o m m u n i t y 2 0 1 0 - 2 011What We Do• Help donors and organizations build funds to make the

difference they want to make in the community – to give back in a way that has meaning to them.

• Support all aspects of community life by giving grants to the widest possible range of charitable organizations and initiatives.

• Foster community leadership by bringing people together from all parts of our city to stimulate new ideas, build participation and strengthen Hamilton.

Highlights 2011• Gifts received: $6,058,337• Grants approved: $3,793,673• Community leadership project expenditures: $284,984• Operating expenses: 1.7% of average total assets• Growth in total assets: 7.6%

Total Grants 2010-2011

Total annual granting by Hamilton Community Foundation reflects Board-directed granting and the interests of people who have established donor-advised funds.

Environment 11%

Education 15%

Recreation 8%

Arts & Culture 7%

Other 11%

Health & Human Services

48%

Board of Directors 2010-2011Dr. Lindsey George, Chair Sandra Stephenson, Past Chair Paul Gibel, FCA Vice Chair and TreasurerDr. Gary Warner, CM Strategic AdvisorDr. Jane AronsonAnne BainGraham BrowneDr. Justin CooperRobert D. CrockfordJeremy FreiburgerEric GirtMatthew GreenGeoff HogarthCheryl Jensen

Madeleine LevyRuth Liebersbach, BA, FCMA, C.DirP.J. MercantiSarah Murphy, B.Eng, CIMDemetrius TsafaridisMarita Zaffiro, R.Ph., BScPhm, MBA

Allan EnriquezTobias WilliamsCo-Chairs, Youth Advisory Council – ex-officio

Terry CookePresident & CEOSecretary of the Board

The Spirit of Giving

For More InformationReport to the Community is published both as a requirement of our Private Act and our commitment to transparency. To find out more about how HCF can help you achieve your philanthropic goals, for a copy of our annual report and other information, please visit us or visit our website.

120 King St. W., Suite 700, Hamilton, ON L8P 4V2Tel: 905-523-5600 • Fax: 905-523-0741Web: www.hcf.on.ca • Email: information@hcf.on.ca

he spirit of giving has been Hamilton Community Foundation’s lifeblood for

close to 60 years.

Our donors come from many different backgrounds and life experiences. As a result, each has their own inspiration for giving and their own vision for the difference they can make through the Foundation. What unites them is their common desire to strengthen Hamilton’s quality of life through philanthropy.

Thanks to the ongoing generosity of our donors, donations increased to over $6 million. We also saw positive investment returns, and an increase in our grants and community leadership projects to over $4 million.

Progress is being made, but we continue to be critically aware that our city’s deepest challenges remain and, as a community, we need to do more. For us, this means continually looking for ways to align all our resources – financial, knowledge, relationships – with our mission. We were pleased this year to launch the

For John Hutton, the Hutton Family Fund at HCF is a way to engage future generations in philanthropy. John, his wife

Eileen and children Camille, Jane, Ray and his wife Caroline, are all involved in deciding the purposes of the fund.

“We’ve decided on two directions to start,” says Ray. “Women’s health, with a particular focus on maternal health, and neighbourhood development.” A portion of the Hutton’s grants will also support HCF’s broader Community Fund.John points out that establishing the fund at HCF gives them the benefits of a private foundation without the administrative headaches. Doing it now, rather than through bequests, allows Eileen and John the pleasure of engaging in community philanthropy with their children today.

But the long-term legacy is uppermost for the Huttons. While the third generation of the Hutton family is still too young to participate, the opportunity will always be there.

“We like that the next generation can have some influence over the fund,” says John. “And the next generation and the next,” adds Ray.

The New Hope Bike Co-op has taken Tyler Gorr “light years” from where he was. The social enterprise co-op sells

refurbished bikes and low-cost parts. It offers free access to tools and provides volunteer and employment opportunities to disadvantaged youth. And, it is making a difference.

Tyler was 17 when he first visited New Hope. Two years and hundreds of volunteer hours later, he is an experienced mechanic and a proud program ambassador. While free tools and low-cost parts are important to him, it’s the friendships and chance to share his skills that keep him coming back. When Tyler graduated from high school, the co-op closed for an hour so everyone could attend. When he talks about seeing someone riding a bike he’s helped to fix, the pride shows through.

An HCF grant funded year-round core staffing, allowing the co-op to meet the demand for bikes and repairs, develop strong partnerships and get creative about other ways to generate revenue – like a mobile bike repair shop and a pedal-powered lawn care company.

But the co-op’s ambitious five-year plan is to be financially self-reliant and so far, their hard pedaling is paying off: sales are up and there’s a storage room full of bikes ready to roll.

Dr. Lindsey George Board Chair

Terry Cooke President & CEO

Message from the Board Chair and President & CEO

Engaging a Family in Philanthropy

Bike Co-op: Gearing Up a Social Enterprise

T

Hamilton Community Investment Fund. It will allow us to invest directly into local projects such as social enterprise, and affordable housing. It also provides another philanthropic vehicle for donors to have an impact in our community.

We thank all of the donors, volunteers, charitable organizations, and citizen leaders who have worked with us to make a difference through philanthropy. We hope this snapshot of our work will inspire you to learn more.

The Hutton Family Fund will engage multiple generations – including nine-day old Nicola – in community philanthropy.

Tyler Gorr has become an experienced mechanic and a dedicated volunteer at the New Hope Bike Co-op, a social enterprise in east Hamilton.

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Financial SummaryYear ended March 31 2010-11 2009-10Total assets 125,155,888 116,276,823Total donations received – for endowment 4,446,174 3,121,337 – for flowthrough 1,612,163 1,591,969 6,058,337 4,713,306Development expenses1 505,844 469,271Total grants approved 3,793,673 3,184,724Community leadership projects2 284,984 384,625 4,078,657 3,569,349Granting administration expenses 303,582 253,053Community and philanthropic leadership expenses 177,419 189,119Investment income3: Interest and dividends 3,770,756 3,378,730 Realized gains 1,577,950 276,451 Unrealized gains 4,280,726 14,178,565 9,629,432 17,833,746

General administration and governance4 751,006 622,807Community relations and knowledge dissemination5 325,841 216,753 1 Development activities and costs incurred in the year do not necessarily

relate to donations in any one year. The nature of the Foundation’s work creates normal donation delays which may result in costs preceding the receipt of the gifts by several years (for example, gifts in wills).

2 Community leadership projects include administering the Hamilton Roundtable for Poverty Reduction and other projects.

3 Investment income is shown before investment fees of $440,682 (2010-$401,192) and income of $536,539 (2010-$1,050,432) allocated to Funds held on behalf of third parties. After last year’s significant market rebound resulting in a 18.6% return, 2011 returned to more moderate returns at 8.6% for the year ended March 31st.

4 General administration and governance costs in 2011 reflect the costs of legal and consulting services related to the implementation of HCF’S community investment strategy.

5 Community relations and knowledge dissemination includes the costs of Hamilton’s Vital Signs report.