Financials – The WoodGreen Foundation
On behalf of the Foundation Board, It is a privilege for me to thank our donors whose visionary support, through philanthropy, made a positive impact on the cultural mosaic of our community.
"Only a life lived for others is a life worthwhile" –Albert Einstein
Our donors, who give both their time and financial support for the benefit of others, truly embody this ideal and the spirit of our city.
As you turn the next few pages, you will see the names of individuals and organizations that have chosen us as a partner in their philanthropic journey–one that is inspired and fuelled by their desire to create opportunities for their fellow Torontonians.
Michael Worb
Board Chair, The WoodGreen Foundation
THE WOODGREEN FOUNDATION
COMMUNITY CARE EAST YORK FUND
| 2015 | 2014 | |
|---|---|---|
| $ | $ | |
| Closing Balance | 1,142,719 | 1,169,610 |
| Opening Balance | 1,169,610 | 1,192,982 |
| RECIEPTS | ||
| Donations | 225 | 2,430 |
| Investment income earned on fund balances | 34,419 | 24,198 |
| Total | 1,204,254 | 1,219,610 |
| DISIMBURSEMENTS | ||
| Less: Donations to WoodGreen Community Services ** | 61,535 | 50,000 |
THE WOODGREEN FOUNDATION
CONDENSED STATEMENT OF REVENUE
AND EXPENSES – 2014-2015 FISCAL YEAR
| 2015 | 2014 | |
|---|---|---|
| $ | $ | |
| Excess of revenue over expenses | 58,671 | 944,240 |
| Fund Balances - beginning of year | 2,889,807 | 1,945,567 |
| Fund Balances - end of year | 2,948,478 | 2,889,807 |
| REVENUE | ||
| Donations | 1,182,147 | 1,634,203 |
| Special events | 88,593 | 92,054 |
| Investment income and change in fair value of investments | 53,506 | 36,027 |
| Total | 1,324,246 | 1,762,284 |
| EXPENSES | ||
| Fundraising and special events | 63,580 | 85,784 |
| Administrative | 104,015 | 97,288 |
| Amortization of capital assets | - | - |
| Total | 167,595 | 183,072 |
| Excess (deficiency) of revenue over expenses before donations | 1,156,651 | 1,579,212 |
| Donations to WoodGreen Community Services | (331,635) | (606,580) |
| Donations to WoodGreen Community Housing Inc. | (66,345) | (28,392) |
| Donations to WoodGreen Settlement Corporation | (700,000) | – |