Our Goals
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 initial goal was to accumulate a minimum balance of $200,000 at which point a portion of the income generated by the Fund will be used to provide additional financial support for junior squash. This initial target was reached in June 2010. Our goal now is to continue to grow the 2020 Fund so that, together with other funding sources, it provides the level of financial support needed to achieve the objective of having programs that successfully broaden the base of junior squash players and develop their long-term interest in the game.
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.
Having reached the initial $200,000 target, Squash BC will begin receiving a distribution from the Vancouver Foundation each year. This distribution 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 http://www.vancouverfoundation.bc.ca| Squash BC | info@squashbc.com | Pacey + Pacey Design Squash Republic |  |
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