I am pleased to report that the activities and accomplishments of the foundation continue to exceed the expectations of the board and our donors. The past year has been an exceptional one in our nine year history. Let me explain.
From the inception of the foundation, it has awarded 28 scholarships representing $70,000.00 to worthy student pursuing their risk management education. In addition, 3 post graduate awards of $5,000.00 (John Faulds Award). In total over $85,000.00 have been granted!
Since the launching of our student involvement program two years ago we have mentored 6 students at the rims Canada Conference and this year we will have 6 students attending from across Canada. We are very proud to introduce these future risk practioners to our national conference and trade show. The program is gaining in popularity and exposure.
We are pleased to announce that The McGannon Foundation and ORIMS have agreed that the Central Ontario Junior Achievement Program will transition to ORIMS in 2011, in support of exposing young students to our profession. We are proud that orims will take on this important work and bring it to newer heights.
Financially, we increased our net assets from June 2010 ($595k) to June 2011 ($762) some 28% growth. RIMS and our perpetual donors continue to support our ambitions..
So what next? Here is our vision:
- Development and a successful launching of a pilot
work experience program. - Development of an MBA initiative for risk management
studies in Canada. - Establishment of a risk management chair in Canada
(Investment of approx. $2m).
Next year marks the 10th anniversary of the foundation and it is with great pride that the board intends to celebrate it's success and began a new decade with great optimism.
Our behalf of the board we would like to thank all of our supporters, donors and students who have made the last year a record year.
Lastly, I wish to thank our board who continue to champion the many activities and without their hard work, the foundation could not have achieved it tremendous results.
This year, we say a special thanks to George Simpson and Niver Ruebuyan for their years of service. We will miss them and they will forever remain the pillars of support for the foundation.Thank You,
Joe Restoule
President
