Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 25, 2025, Winnipeg, Manitoba $2.4B TOTAL ASSETS of which $147 M total assets are managed on behalf of Manitoba Community Foundations Approximately 1,100 CHARITIES SUPPORTED 4,946 FUNDS of which 1,366 are managed on behalf of Manitoba Community Foundations 19.6% RATE OF RETURN*NET OF FEES 5-year annualized rate of return: 8.2%** $91.6M DISTRIBUTED TO COMMUNITY including payments made to other community foundations and managed funds $541M VALUE OF CONTRIBUTIONS of which $438,540 represents the value of the gift of common shares of Appleton Holdings Ltd. Supplemental information (unaudited) 2024 by the numbers * The rate of return presented is calculated independently by Mercer (Canada) Limited. This stated return is the return for the entirety of the Consolidated Trust Fund investment pool net of fees. The performance of individual funds within the Consolidated Trust Fund will vary based on the cash flows of each such individual fund in any given year. **10-year annualized rate of return: 7.8% Top photo: Rhama Community and Youth Centre’s Bright Beginnings program hosts weekly basketball game. Right photo: Mobility Fair hosted by Green Action Centre and Transportation Options Network for Seniors. 8,347 CONTRIBUTIONS RECEIVED 1350-One Lombard Pl. | Winnipeg, MB R3B 0X3 204.944.9474 | 1.877.974.3631 | wpgfdn.org @wpgfdn To view our complete audited financial statements, including auditor’s unmodified audit opinion, visit wpgfdn.org or call 204.944.9474. Report of the Independent Auditor on the Summary Financial Statements To the Board of Directors of The Winnipeg Foundation Opinion The summarized non-consolidated financial statements, which comprise the summarized non-consolidated statement of financial position as at September 30, 2024 and the summarized non-consolidated statement of operations and changes in fund balances for the year then ended, are derived from the audited financial statements of The Winnipeg Foundation for the year ended September 30, 2024 In our opinion, the accompanying summarized financial statements are a fair summary of the audited financial statements. Summarized Financial Statements The summarized financial statements do not contain all the disclosures required by Canadian accounting standards for not-for-profit organizations. Reading the summarized financial statements and the auditor's report thereon, therefore, is not a substitute for reading the audited financial statements and the auditor's report thereon. The summarized financial statements and the audited financial statements do not reflect the effects of events that occurred subsequent to the date of our report on the audited financial statements. The Audited Financial Statements and Our Report Thereon We expressed an unmodified audit opinion on the audited financial statements in our report dated December 19, 2024. Management's Responsibility for the Summary Financial Statements Management is responsible for the preparation of the summary financial statements. Auditor's Responsibility Our responsibility is to express an opinion on whether the summarized financial statements are a fair summary of the audited financial statements based on our procedures, which were conducted in accordance with Canadian Auditing Standard (CAS) 810, Engagements to Report on Summary Financial Statements. Chartered Professional Accountants January 2, 2025 Winnipeg, Manitoba Summarized Non-Consolidated Statement of Financial Position As at September 30 (in thousands of dollars) 2024 2023 ASSETS Cash, cash equivalents and receivables $ 35,835 $ 32,395 Investments 1,931,467 1,616,881 Investment in Appleton Holdings Ltd. 435,830 - Other assets 8,915 4,325 2,412,047 1,653,601 LIABILITIES Accounts payable 1,758 1,210 Grant commitments 52,591 58,216 Agency managed funds 108,127 95,044 Manitoba community foundation managed funds 146,877 115,194 309,353 269,664 FUND BALANCES Restricted 1,274,958 1,057,578 Discretionary 803,439 315,026 Operating 24,297 11,333 2,102,694 1,383,937 $2,412,047 $1,653,601 Summarized Non-Consolidated Statement of Operations and Changes in Fund Balances For the Year ended September 30 (in thousands of dollars) 2024 2023 REVENUE Gifts $ 85,270 $ 38,843 Gift of shares in Appleton Holdings Ltd. 438,540 - Investment and equity income 291,504 122,530 Investment and administrative recovery 2,006 2,081 817,320 163,454 EXPENDITURES Grants 80,161 70,591 Investment operations 6,776 6,286 Administration 11,626 9,778 98,563 86,655 EXCESS OF REVENUE OVER EXPENDITURES 718,757 76,799 FUND BALANCES, BEGINNING OF YEAR 1,383,937 1,307,138 FUND BALANCES, END OF YEAR $2,102,694 $1,383,937 The Winnipeg Foundation 2024 Financial Highlights RESPONSIVE GRANTS | $17.1 MILLION MANITOBA COMMUNITY FOUNDATIONS | $11.3 MILLION AGENCY MANAGED | $5.1 MILLION STUDENT AWARDS | $3.8 MILLION AGENCY AND DESIGNATED | $33.2 MILLION DONOR-ADVISED | $13.9 MILLION LEADERSHIP PROJECTS | $7.2 MILLION Tailored Support Helps Grow Community We offer more than just responsive grants! The following granting categories offer a range of different ways to empower local charities and strengthen our community. 14% 11% 12% 27% 36% 100% Arts, Culture, and Heritage Children, Youth, and Families Health, Wellness, and Recreation Environment Literacy, Education, and Employment All areas supported in our Community! WINNIPEGFREEPRESS.COM ● A17 SATURDAY, JANUARY 25, 2025 ;