Editor’s Note: Following
is the annual report of the APEGGA Education Foundation.
______________________________
BY DENNIS BROOKS, P.ENG., P.GEOPH.
Education Foundation Columnist
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The 2003-2004 board was able to move forward and achieve
goals the Education Foundation was created for, thanks to
a super base inherited from its predecessors.
The high point of the year was the founding of the two APEGGA
Alberta Centennial Scholarships, to begin in 2005 in celebration
of the 100th anniversary of the Province of Alberta. The
scholarships, worth $5,000 each, will be payable to a student
from Northern Alberta and another from Southern Alberta,
each of whom will be entering a university in Alberta to
pursue studies in geophysics, geology or engineering.
Transfer scholarships were increased to $3,000 each from
$2,000. The foundation awards 12 of them a year, payable
to students from the University of Lethbridge or the regional
colleges for their transfer to the U of A or the U of C to
continue studies in the three professions.
The foundation decided to underwrite any shortfall in the
APEGGA-endowed scholarships at the University of Calgary,
where the endowment funds were insufficient to match the
level possible at the University of Alberta. This funding
is necessary because of the difference in dates when funds
were placed with each institution; the U of A had many
more years to build the funds.
Because of this undertaking, the foundation may now direct
each university to increase the level of the awards given
to successful students.
The foundation created the position of board secretary,
to assist APEGGA staff in providing continuity of records.
Dr. Ron Lawson, P. Eng., has accepted this position.
Two standing committees were formed early in 2003 for the
purpose of visiting frequently with appropriate department
leaders at the U of C and U of A. The focus of the visits
is to determine how the Education Foundation may best serve
the needs of the departments, and to assist the foundation
in directing its efforts to such educational ventures as
will help the largest number of students in the most useful
manner.
The members of these committees are Dr. Ron Lawson, P.Eng.,
Philip Shum and Connie Parenteau, P.Eng. (Edmonton); and
Alice Payne, P.Geol., Gerry DeSorcy, P.Eng., and David Devenny,
P.Eng., P.Geol. (Calgary). The information and insight gained
from earlier visits require that we continue this valuable
process.
In 2004 the foundation will be filling positions on the
Education Foundation Finance Committee. It’s purpose
will be to direct the husbanding and nurturing of the funds
we’ve been entrusted with, so they’ll grow and
the initiatives now undertaken may be continued.
A second committee to be filled will be based on work initiated
during the presidency of Ashok Sehgal, P.Eng., titled A Framework
for Fundraising. This committee will pursue plans laid in
2000 in order that the foundation may continually increase
the value and extent of the work undertaken. The board will
be looking within APEGGA to fill these positions.
The Foundation is most grateful to former president Dennis
Brooks, P.Eng., P.Geoph., for his tireless attendance at
board meetings and his work as foundation correspondent to
The PEGG. His regular column and the posting on the APEGGA
website keep the APEGGA membership fully apprised of the
work of the foundation.
The foundation and its board also thank APEGGA and its staff
for their continued support and assistance. Although the
foundation is regarded as a separate body, the help, office
space and time provided by APEGGA allows it to continue to
direct all of its efforts and resources to education.
The ongoing support from APEGGA members who contribute directly
or through their annual dues notice makes it possible for
the foundation to expand its efforts. On behalf of those
students who have received a boost in their educational pursuits,
the foundation and board offer a huge thank you.
The APEGGA Education Foundation
Statement of Operations and Net Assets
Year ending December 31st, 2003
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UNRESTRICTED
|
RESTRICTED
|
REVENUES |
2003 |
2002 |
2003 |
2002 |
Contributions |
|
|
|
|
APEGGA |
$ 58,750. |
$ 70,050. |
|
|
Summit Awards |
$ 33,600. |
$ 21,100. |
|
|
Voluntary |
$ 59,907. |
$ 69,161. |
|
|
Interest |
$ 12,673. |
$ 10,648. |
$ 2,625. |
$ 2,625 |
|
|
|
|
|
Total |
$164,930. |
$170,959. |
$ 2,625. |
$ 2,625 |
|
|
|
|
|
EXPENDITURES |
|
|
|
|
|
|
|
|
|
Grants and Scholarships |
|
|
|
|
Universities and Colleges |
$ 52,000. |
$ 56,000. |
$ 4,000. |
$ 1,500. |
Meetings |
$ 319. |
$ 2,048. |
|
|
Office |
$ 162. |
$ 3,107. |
|
|
Professional Fees |
$ 1,386. |
$ 1,017. |
|
|
Marketing |
|
$ 3,130. |
|
|
|
|
|
|
|
Total |
$ 53,867. |
$ 65,302. |
$ 4,000. |
$ 1,500. |
|
|
|
|
|
Excess Revenue over Expenditure |
$111,063. |
$105,657. |
-$1,375. |
$ 1,125. |
|
|
|
|
|
Assets BEGINNING of YEAR |
$363,421. |
$257,764 |
$ 53,270. |
$ 52,145. |
|
|
|
|
|
Assets END of YEAR 2003 |
$474,484. |
$363,421. |
$ 51,895. |
$ 53,270. |
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