A primary goal of The William H. McGannon Foundation is to create, manage and build endowment funds to support charitable organizations and projects now and forever (in perpetuity). Most donations are therefore held as endowment capital, and grant amounts are controlled to protect the long-term value of the fund and the grants that will be derived therefrom in the future. In addition, we will also hold gifts for a period of not less than 10 years as part of our endowment capital.
Canada Revenue Agency requires that we receive your written direction to invest your donation on a long-term basis to build endowment funds. In the absence of your specific direction we are required to distribute, as grants, where it is receipted a minimum of 80% of such donation in the year received or in the following fiscal year.
Consequently we request that you fill out and sign the following application and mail it to us.
William H. McGannon Foundation
c/o Joseph Restoule
Leader, Risk Management
NOVA Chemicals Corporation
1000 Seventh Avenue S.W.
P.O. Box 2518, Station M
Calgary, Alberta T2P 5C6 Canada
Donation Goals
• To raise $100,000 in fiscal year 2009-2010.
• To have $800,000 in equity by June 30, 2012.
Thank You XL
XL Insurance Company held a dinner on May 6, 2009 in Calgary for the Board of Directors of the McGannon Foundation and invited former students to whom we have awarded scholarships. Following the dinner, Graham Addington, Sales and Marketing VP for XL presented Bill McGannon with a cheque for $10,000 as part of their ongoing commitment to the Foundation. For the full article, please click here.
Fundraising Information
Several Canadian RIMS chapters have been using their annual Golf Tournaments as fundraisers for the Foundation and other charities. SARIMS and ORIMS have made substantial contributions to the Foundation over the past number of years though this method. If any other chapter or organization wishes to raise funds in this manner we would be more than happy to assist with the event organization.
Past Fundraising Events
6th Annual 5km Fun Run/Walk in 2009
Roughly 75 delegates of the Risk and Insurance Management Society (RIMS) Canada Conference laced up their running shoes for the William H. McGannon Foundation's annual Fun Run-Walk in St. John's, Newfoundland on Septmeber 13, 2009.
For the full article, please click here.
