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2011-2012 Annual Report - Dr. Stirling McDowell Foundation for ...

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As part of the STF Presidents’ Day in September <strong>2011</strong>, certificates were presented to the<br />

following teachers’ associations: Christ the Teacher, Good Spirit, Horizon, Lloydminster,<br />

Prairie South, Prairie Spirit and Tri-West, who together contributed a total of $3,790 to<br />

the <strong>McDowell</strong> <strong>Foundation</strong> in the previous year. The Prairie Spirit Teachers’ Association<br />

received additional recognition as the local that donated the largest amount per<br />

member.<br />

Organizational Communications<br />

Strategic DirectionS:<br />

1. To increase awareness of the <strong>Foundation</strong> and <strong>McDowell</strong> research.<br />

2. To enhance relationships with educational and community partners.<br />

3. To increase the status of teacher research.<br />

The <strong>Foundation</strong> continued to communicate with donors, researchers and the public<br />

primarily through its website.<br />

Governance and Administration<br />

Strategic DirectionS:<br />

1. To build an endowment fund through the investment of donated money.<br />

2. To put in place adequate staffing, facilities, equipment and supplies to support the<br />

operations of the <strong>Foundation</strong>.<br />

3. To develop, maintain and improve effective governance and administrative processes.<br />

InveStMentS<br />

The <strong>McDowell</strong> <strong>Foundation</strong> fund is overseen by the Saskatchewan Teachers’ Federation<br />

and managed by Greystone Capital Management. The goal of the <strong>Foundation</strong> is to<br />

establish an endowment fund that is large enough to support ongoing substantive<br />

research as well as cover the costs of governing and operating the <strong>McDowell</strong> <strong>Foundation</strong>.<br />

All research funded and supported by the <strong>McDowell</strong> <strong>Foundation</strong> is currently paid <strong>for</strong><br />

through donations and the money accumulated in the <strong>McDowell</strong> <strong>Foundation</strong> fund.<br />

StAFFIng, FAcIlItIeS AnD equIpMent<br />

The Saskatchewan Teachers’ Federation oversees the staffing needs of the <strong>McDowell</strong><br />

<strong>Foundation</strong> and makes equipment and office space available to the <strong>Foundation</strong> in the STF<br />

Building in Saskatoon. The <strong>McDowell</strong> <strong>Foundation</strong> reimburses the STF <strong>for</strong> all direct<br />

expenses involved in operating the <strong>Foundation</strong> and pays an annual administrative fee to<br />

reimburse the STF <strong>for</strong> indirect costs such as building maintenance. Staff and consultants<br />

working <strong>for</strong> the <strong>Foundation</strong> are hired and paid <strong>for</strong> by the <strong>Foundation</strong>; however, the<br />

<strong>Foundation</strong> receives an interfund transfer from the STF that covers the major costs<br />

involved in assigning STF staff members to work <strong>for</strong> the <strong>Foundation</strong>. This support from<br />

the STF has been instrumental in allowing the <strong>McDowell</strong> <strong>Foundation</strong> fund to grow<br />

towards its financial goals of sustainable, substantive research and organizational<br />

independence.<br />

AnnuAl RepoRt <strong>2011</strong>-12 pAge 17

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