Annual Report
2001 - 2002

The fiscal year 2001-2002 was one of growth for the NSAC Foundation.

The formation of the Development and Alumni Relations Office helped support the working of the Foundation. Staff concentrated on institutional readiness for future fundraising efforts including:

• Priority was given to efforts to streamline the preparation of receipts and sending of thank-you letters.
• A donor recognition program was adopted.
• The Alumin and Friends database was improved by searching for missing members and correcting address problems.
• Special events were supported and enhanced with preperations made for fundraising components in some cases.
• Communications programs with NSAC alumni and other friends of NSAC were enhanced.
• Institutional prioriites for fundraising were determined and published.
• The website was developed and added to throght the year. It contains an increasing amount of information on giving to NSAC as well as reports on current projects.

The Financial Report of the NSAC Foundation shows that the Foundation accounts had moved ahead by $30,775 income over expenses. This amount is considerably lower than the previous year because transfer of funds from the provincial Department of Finance were completed in the 2000-2001. The total amount expended on scholarships and for other purposes was $50,350. The total interest earned on investments was $60,462 while contributions to funds amounted to $37,962. The total fund balance stood at $1,362,205 at year end.

Margaret McCain was re-appointed for a second term as Director. Dick Huggard and Sherry Porter were appointed as Directors filling other vacancies.

The terms of Nancy Crowe and David Martin came to an end in 2002.. Thanks go to these people for their service to the Foundation. Staff are actively searching for replacements directors.

The Foundation looks forward to the 2002-2003 year. .