Annual Report for Our Donor Community - The National Ballet of ...

ProductionProduction DirectorJames ThornleyProduction Services ManagerYvette DrumgoldStage ManagersErnest AbugovJeff MorrisAssistant Stage Manager &Stage Manager, YOU danceShelby-Jai FlickLighting CoordinatorJeff LogueMaster CarpenterJohn AlexanderConstruction SupervisorGord GrahamAssitant CarpenterSandy MiddletonScenery constructed atThe Gretchen Ross Production Centrefor The National Ballet of Canada bymembers of I.A.T.S.E. Local 58.WardrobeWardrobe SupervisorMarjory FieldingWardrobe CoordinatorBarbara de KatAssistant Wardrobe SupervisorCarol HollandResident CuttersRuth BartelChristopher ReadAssistant to CuttersSusan HowseMary HurleyAssistant Wardrobe CoordinatorGrant HeapsWig and Make-up SupervisorCharles SeminerioHead ElectricianStephen O’ConnorProperty MasterNeil FennellAssistant CarpenterPaul McNamaraAssistant Carpenter / FlymanGeoff KayAssistant ElectriciansRon GorveattChris BrooksProduction WorkshopProperty SupervisorJohn MiracleAssistant Scenic ArtistMark ReidProperties constructed atThe Gretchen Ross Production Centrefor The National Ballet of Canada bymembers of I.A.T.S.E. Local 828.Wardrobe Assistant /Footwear CoordinatorMichele MorganCutterElizabeth SeverinFirst HandsDeanna BrownJoanne LambertonStitchersRachel ColeJoyce CritchlowLisa FarinaccioIan GoughMary JanerioMarnie KingLily MesserhuberKrista NaumanBarbara NowakowskiLisa PagliaroAnnabel ReinisJennifer SnowsillAlanna Gong WaughSam E. WytonMillinersDeborah CamkenKaz MaxineLeslie NorgateDyeingChrome Yellow IncAdditional CostumesArana EnterpriseIndustry CostumesMessage from David Macdonald, ChairThe National Ballet of Canada,Endowment FoundationThe 2010/2011 financial year was another year of strong progressfor the Endowment Foundation. Total assets, with investmentsvalued at market, grew by 17.2% ($6.6 million) from $32.7 millionas at June 30, 2010 to $38.3 million as at June 30, 2011, an alltimehigh, and the grant to the National Ballet reached a new highwatermark at $1.05 million. After being forced to suspend the grantduring the crisis, it was a great pleasure to pay out a secondconsecutive record grant.The strong growth in total assets reflected continued success inattracting new gift contributions from donors ($2.3 million), anothermatching grant from the Endowment Incentives component of theCanada Cultural Investment Fund ($1.4 million) and a good netinvestment performance ($4.0 million or 14.0 percent).On behalf of The National Ballet of Canada, EndowmentFoundation, I would like to thank our donors for their continuedinvestment in the future strength and excellence of the company through their support for theEndowment Foundation. Donor contributions are the lifeblood of the Endowment Foundation’sgrowth, both in their own right and because of the matching funds they attract from Government.Our Development team deserves enormous credit for their improved cultivation andstewardship of donors and for their skill in matching gift opportunities to donor wishes. Mostimportantly, however, our ability to attract financial support from donors reflects their engagementwith the artistry they experience in the theatre and the confidence they have that the company’sfinancial affairs are well managed. On this score, we could not be better served. Karen Kain’sextraordinary programming and artistic leadership have delivered performances that have boththrilled and challenged audiences and the senior management team under Kevin Garland hasworked arduously to maintain financial discipline in what have been truly difficult times. I joinLucille Joseph in heartily congratulating Karen and Kevin for a stunning artistic and financial successin 2010/11.The disciplined and conservative investment approach adopted by the Endowment Foundationboard before the financial crisis has continued to serve us well. While we did not avoid lossesduring the worst of the crisis, our funds significantly outperformed their benchmarks, helping uspreserve capital and putting us in a stronger position to participate in the recovery. As marketsturned, the Endowment Foundation’s investments have not only fully recovered, but a solidcushion to protect against future market dislocations has been re-established. While there arestill many economic headwinds and systemic risks to contend with in today’s post-crisis world,I believe the Endowment Foundation is better placed than ever to fulfill its role in providing stableand predictable support to the National Ballet.It is my sincere pleasure to thank the Endowment Foundation board for their diligent effortsand wise counsel over the past year and to recognize and thank our donors for their generousand unwavering support. Without you, the National Ballet’s current success and future prosperitywould not be possible.Heather Ogden and Guillaume Côté in Emergence. Photo by Cylla von Tiedemann.David Macdonald. Photo by Sian Richards.40 41