Summarized Statement <strong>of</strong> Financial Position March 31, <strong>2009</strong>, with comparative figures for <strong>2008</strong> Special Endowment Total Total General fund purpose fund fund <strong>2009</strong> <strong>2008</strong> Assets Cash $ 254,308 $ – $ – $ 254,308 $ 49,647 Interest and other receivables 8,239 – – 8,239 9,040 Prepaid expenses 2,411 – – 2,411 2,410 Investments 88,776 1,604,539 9,846,212 11,539,527 12,195,988 $ 353,734 $ 1,604,539 $ 9,846,212 $ 11,804,485 $ 12,257,085 Liabilities and Fund Balances Liabilities: Accounts payable and accrued liabilities $ 59,310 $ – $ – $ 59,310 $ 35,085 Amounts payable to <strong>National</strong> <strong>Gallery</strong> <strong>of</strong> <strong>Canada</strong> 133,936 – – 133,936 30,125 Contributions payable to <strong>National</strong> <strong>Gallery</strong> <strong>of</strong> <strong>Canada</strong> 167,000 99,320 – 266,320 – 360,246 99,320 – 459,566 65,210 Fund balances: Restricted – 1,505,219 9,846,212 11,351,431 11,621,635 Unrestricted (6,512) – – (6,512) 570,240 (6,512) 1,505,219 9,846,212 11,344,919 12,191,875 $ 353,734 $ 1,604,539 $ 9,846,212 $ 11,804,485 $ 12,257,085 Summarized Statement <strong>of</strong> Operations and Changes in Fund Balances Year ended March 31, <strong>2009</strong>, with comparative figures for <strong>2008</strong> Special Endowment Total Total General fund purpose fund fund <strong>2009</strong> <strong>2008</strong> Revenue: Fundraising $ 171,535 $ 755,043 $ 1,863,136 $ 2,789,714 $ 2,742,279 Investment 143,548 386,539 (171,813) 358,274 861,405 Management fee 75,132 — (75,132) — 66,578 390,215 1,141,582 1,616,191 3,147,988 3,670,262 Expenses: Administration and fundraising 314,501 — 39,154 353,655 402,799 Excess <strong>of</strong> revenue over expenses before contributions 75,714 1,141,582 1,577,037 2,794,333 3,267,463 Contributions to <strong>National</strong> <strong>Gallery</strong> <strong>of</strong> <strong>Canada</strong> 692,000 983,500 — 1,675,500 887,527 Excess (deficiency) <strong>of</strong> revenue over expenses and contributions (616,286) 158,082 1,577,037 1,118,833 2,379,936 Fund balances, beginning <strong>of</strong> year as previously reported 570,240 1,641,177 9,980,458 12,191 875 10,866,617 Adjustment to cumulative unrealized losses on investments 39,534 (294,040) (1,711,283) (1,965,789) (1,054,678) Fund balances, end <strong>of</strong> year $ (6,512) $ 1,505,219 $ 9,846,212 $ 11,344,919 $ 12,191,875 Note: Complete audited financial statements are available from the Foundation upon request. 104 <strong>National</strong> <strong>Gallery</strong> <strong>of</strong> <strong>Canada</strong> Foundation
Photo Credits All photographs have been provided by the NGC except the following: Pages 13, 24 (left and centre), 25 (middle centre, top right), 93, (top centre), 95, 96 Photos © Serge Fournier Page 25 (centre and bottom left) Photos © Miv Photography Page 93 (top) Photo © Sam Garcia ISBN 978-0-88884-870-3 ISSN 1183-7608 Aussi disponible en français © <strong>National</strong> <strong>Gallery</strong> <strong>of</strong> <strong>Canada</strong>, Ottawa, <strong>2009</strong> Design : Fugazi
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Annual Report 2008-09 National Gall
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Annual Report 2008-09 National Gall
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Distinct values Accessibility. Prog
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A Word from the Chairperson, Board
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Letter from the Director Marc Mayer
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Supporting Friends and Donors of th
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Bringing Canada to the World and th
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The Gallery’s family of websites
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“We live in a time of the created
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Rescued from the Vault The Gallery
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Top right: The exhibition Bernini a
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Rodney Graham Canadian, born 1949 T
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Robert Field British, c. 1769-1819
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Barbara Morgan American, 1900-1992
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33 Jean Benoît Canadian, born 1922
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35 Emily Carr Canadian, 1871-1945 A
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Board of Trustees 1 April 2008 to 3
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Senior Management and Managers Seni
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Gifts to the Library included a fin
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The web-accessible Archives databas
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During the same period, the Canadia
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Education Priority: Offer a rich ca
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Communications Priority: Enhance ma
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• Installation of remote surveill
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