Keeping sight of long term goals and investment mandates is a challenge that even the most patient investors face in a global economy that continues to pour new predicaments on the embers of a long overdue sustainable recovery. With tumbling commodity prices, a depreciating Canadian dollar and the spillovers from the global economic crisis, all institutional investors including executive teams from Foundations and Endowments have to consistently review their strategies in order to manage their funding, spending and investment mandates.
The 4th Edition of the Canadian Foundations and Endowments Forum will once again bring together the senior leadership teams from Foundations, Endowments and Not-for-Profit Organizations to share best practices to successfully navigate the complex maze of investments, philanthropic initiatives, and governance structures that are part of the roadmap to providing the adequate support for the organization’s purpose and mission.
This year’s forum provides a unparalleled opportunity to gain practical insights from North American industry leaders, leverage meaningful peer-to-peer networking to share ideas and benchmark strategies, examine cutting edge solutions to emerging challenges and evaluate new ways of thinking to meet organizational objectives.
Discover proven solutions to the questions you are struggling with
Who Should Attend:
Endowments, Foundations, Non-Profits, Charities and Family Foundations:
- CEOs, CIOs & CFOs
- Directors/Mangers of Investments
- Portfolio Managers
- Board of Directors
- Investment Committee Members
Experts and Consultants:
- Investment Managers
- Investment Advisors
- Fund Managers
Past Participants Include:
- B.C. Cancer Foundation
- Belmont House Foundation
- Children’s Health Foundation
- Community Foundations of Canada
- Concordia University Foundation
- Hamilton Health Sciences Foundation
- Montreal Children’s Hospital Foundation
- Morneau Shepell
- Mount Sinai Hospital Foundation
- Ontario Arts Foundation
- Ottawa Hospital Foundation
- Princess Margaret Cancer Foundation
- Russell Investments
- SickKids Foundation
- Standard Life Investments Inc.
- St. Michael Hospital’s Foundation
- The Nature Conservancy of Canada
- United Jewish Federation of Greater Toronto
- United Way Toronto
- University of Toronto
- Walrus Foundation
- Westcourt Capital Corporation
Founder and Principal
Philanthropic Advisor to BULLWEALTH
Brad Offman is Founder and Principal of Spire Philanthropy and former Senior Vice President, Strategic Philanthropy at Mackenzie Investments. Brad is also former President of the Mackenzie Investments Charitable Foundation and Managing Director of the Mackenzie Charitable Giving Fund. Prior to joining Mackenzie, Brad served as Vice President, Development at the Toronto Community Foundation. Brad is currently on the Board of CANSOF Foundation and the Association of Fundraising Professionals (AFP) Toronto. He is a member of the National Advisory Council for Imagine Canada. Brad is past Chair of the Leave A Legacy Program for the Greater Toronto Area and former member of the Board of Directors for Philanthropic Foundations Canada. He is a Faculty Member for the CAGP Original Gift Planning Course and is on the organization’s Education and Government Relations Committees. He is also on the Editorial Advisor Board for Gift Planning in Canada. Brad holds a Master’s Degree in Business Administration and a Master of Arts Degree from the University of Toronto and a First Class Honours Bachelor of Arts Degree from McGill University in Montreal.
Portfolio Manager, Multi-Asset Solutions
Based in New York, Rob is a Portfolio Manager working on Russell’s multi-asset funds. In this role Rob helps manage Russell’s Fiduciary Solutions mandates which integrate Russell’s equity, fixed income, real asset, and alternatives capabilities globally. He is tasked with creating strategic asset allocation s for the portfolios, selecting managers or passive alternatives to populate asset classes, integrating Russell’s capital market insights and market strategist views, and positioning the total portfolio in order to help clients achieve their objectives. Prior to this role, Rob worked as a Senior Research Analyst in Russell’s Portfolio Management Practice team. In this role, Rob was tasked with improving the process within the investment division, working closely with Russell’s Chief Investment Officers. Rob helped to improve global communication within the investment division, create state of the art tools used in research and portfolio construction, and chaired forums aimed at creating portfolio and market debate. Rob was also instrumental in re-articulating Russell’s Investment Philosophy and Value Proposition.
Chief Operating Officer
Community Foundations of Canada
Andrew Chunilall is Chief Operating Officer at Community Foundations of Canada (CFC). Andrew works closely with the management team as well as the CFC Board, and has lead responsibility for the day to day operations at CFC and for the successful implementation of CFC’s strategic and operating plans. Active in the non-profit community, he also serves as the Chair of the Board of Community Living London and Treasurer of Art for AIDS International. Andrew has recently been appointed to the Board of the Southwest Local Health Integration Network by Minister of Health, Deb Matthews, through an Order in Council. In addition, Andrew will continue his work as the dedicated national finance and regulatory resource for community foundations across Canada. Andrew holds a Bachelor of Arts (Economics) from the University of Western Ontario, and an Honours Bachelor of Commerce from The University of Windsor. He obtained his chartered accountant designation in 2002. He commenced his professional career at PricewaterhouseCoopers LLP as a manager in the Assurance and Advisory Group, where he provided professional services to some of the firm’s top tier clients in the London area. Just prior to joining the Foundation, Andrew worked in a senior financial position at Electro-Motive Canada Company.
Chief Investment Officer
Open Access Limited
Zev Frishman is the Executive Vice President and Chief Investment Officer at Open Access Limited. With over 30 years of experience in investment management, more than half of which he spent in senior roles at the Ontario Teachers’ Pension Plan, Zev is well versed in all aspects of fund management. His time spent with the Investment Management division of Alberta Treasury and the Alberta Workers Compensation Board coupled with his role as Vice President, Global Equity Strategies at Teachers’, adds a healthy dose of recognition and credibility to the Open Access story. In 2010 he received both the Benefits Canada award for outstanding achievement and was recognized as one of Canada’s “Top 25 Most Influential Plan Sponsors.” At Open Access since January 2012, Zev has experience managing a wide variety of asset allocation mandates from CAP plans to the Foundation and Endowment space. Most recently, Zev and his team worked collaboratively with the Toronto Community Foundation to create a return-specific strategy that has significantly outperformed its benchmark. Zev’s experience serves as a notable signal to the investment community that Open Access is best positioned to change the way foundations, pensions and institutional clients invest well, and hence do well.
President & CEO
Ted Garrard is President & CEO of SickKids Foundation which supports one of the world’s leading centres for pediatric care, research and learning – the Hospital for Sick Children. The Foundation raises more than $120 million annually, has endowments valued in excess of $900 million and is the largest non-governmental funder of children’s health in Canada. Prior to joining the Foundation Ted served as Vice-President, External at The University of Western Ontario from 1996-2009, where he led campaigns that raised more than $600 million. He also spent 13 years at United Way of Toronto in a variety of roles including leading all fundraising operations. Ted is Chair of the Canadian Children’s Hospital Foundation Executives, a director of Children’s Miracle Network, past Chair of Imagine Canada, Past Chair of United Way of London-Middlesex, a past director of United Way/Centraide Canada, and a past director of the Canadian Council for Advancement in Education. He received the Association of Fundraising Professional’s Outstanding Fundraising Executive Award in 1997, was named one of Canada’s Top 40 Under 40 in 1998, and in 2014 was named Outstanding Communicator by the International Association of Business Communicators (IABC).
Chief Development Officer
United Way Toronto
Julia Gorman assumed the role of United Way Toronto’s Chief Development Officer in April 2014. In this new role she is responsible for leadership on all marketing and fundraising strategies related to United Way’s multiple stakeholders, including our corporate and individual donors, volunteers and community partners. The focus of United Way’s fundraising activity is our Annual Campaign, which includes annual and one-time targeted donations as well as endowment gifts. In 2013 United Way’s supporters raised a record breaking $117-million for the community. As a member of United Way Toronto’s Senior Executive Team, Julia participates in the development and implementation of the strategic and operational direction for North America’s largest United Way, supporting over 200 community agencies and programs across Toronto. A seasoned fundraising professional with experience in all aspects of fund development, Julia has a particular interest in new donor acquisition, workplace fundraising strategy, brand awareness and engagement of United Way’s broad base of volunteers and donors. Julia is a member of the Board of Directors of the Association of Fundraising Professionals, Toronto Chapter and sits on United Way Worldwide Women’s Leadership Council Regional Advocates, working to encourage women in philanthropy internationally. In addition, Julia is a member of the lnstitute of Corporate Director’s Non Profit Task Force.
Vice President, Finance & Administration
United Way Toronto
He joined United Way Toronto in August 2009. As Vice-President, Finance and Administration, Michael provides strategic leadership in areas of accounting and financial management, as well as premises and office administration. He offers hands-on supervision of the Finance Department’s day-to-day operations, and oversees the development and delivery of accurate and relevant reports to United Way stakeholders. Michael has focused his career on the not-for-profit sector, having worked with social services, religious and arts organizations. Before joining United Way, Michael held the position of Interim Treasurer at the Anglican Church of Canada. Prior to the Anglican Church, he held similar positions at YMCA of Greater Toronto and National Ballet of Canada. From 2006 to 2009, Michael taught a course in financial management for arts managers at the University of Toronto at Scarborough. Previously, Michael was a manager at EY and, as an independent consultant, he supported arts and heritage organizations through the development and delivery of financial and governance training to a variety of organizations throughout the province. Michael’s community involvement includes past governance roles with organizations such as Community Social Planning Council -Toronto, Toronto Community Foundation and Ontario Museums Association. He currently holds governance roles with Crow’s Theatre and Sherbourne Health Centre. Michael holds a Bachelor of Commerce from the University of Toronto and has been a member of the Institute of Chartered Professional Accountants in Ontario since 1996.
Senior Vice President & Chief Economist
Warren Jestin is Scotiabank’s Chief Economist and has been with the Bank since 1979. Warren is a popular public speaker on Canadian and International economic issues, meeting with clients and experts from around the globe to keep pace with the latest economic, political and financial market developments. Warren is on Advisory Boards for the Sobey School of Business at St. Mary’s University, and the University of Guelph where he is the Economist in Residence at the College of Management & Economics. Warren also serves on several other advisory boards including The Vineland Research and Innovation Centre, the Canadian Foundation for Economic Education and the Markham Stouffville Hospital, where he is past Chair. He has also been a member of the C.D. Howe Institute’s Monetary Policy Council and has been involved with policy committees of the Canadian and Ontario Chambers of Commerce and the Toronto Board of Trade. Before joining Scotiabank, Warren earned a Ph.D. from the University of Toronto, worked at the Bank of Canada and taught at several universities.
President and Chief Executive Officer
Westcourt Capital Corporation
David brings over 20 years of experience in the legal, real estate and investment fields to his role as President and Chief Executive Officer of Westcourt Capital Corporation. After graduating from the University of Toronto Faculty of Law in 1994 and completing his articles at Goodmans LLP, David held various positions in the real estate business, including leading roles at Magna Golf Club, Menkes Developments and Lynx Equity. In 2009, he founded Westcourt Capital with the goal of building an advisory firm focused on alternative approaches to portfolio construction and the sourcing, due diligence and monitoring of investment funds for high net worth and institutional clients. David is a thought leader in the alternative investment industry and often appears at industry conferences and events in the roles of keynote speaker, moderator and panelist. He is a regular contributor to the Financial Post and CBC’s Lang & O’Leary Exchange, and co-hosted BNN’s Alternative Investing 2010-2011. David is a member of the Law Society of Upper Canada and is a Chartered Alternative Investment Analyst (CAIA). He is a member of the Alternative Investment Management Association, and the Private Capital Markets Association of Canada.
Standard Life Investments Inc.
Rahul Khasgiwale is Investment Director for multi-asset and absolute return products. He joined Standard Life Investments in August 2013. He works in conjunction with sales and servicing teams to cover Canadian institutional clients, Canadian investment consultants, Canadian national strategic accounts, and Standard Life Canada. Rahul brings over 13 years of unique international asset management experience through a variety of senior roles in the UK, Switzerland, Middle East (with GCC coverage) and Canada. Rahul is a CFA charter holder and also holds the CAIA designation. He studied Medicine and Surgery at Nottingham University Medical School, UK. He practiced as a fully qualified medical doctor in the UK National Health Service (NHS) for two years before a successful career change to asset management.
St. Michael Hospital’s Foundation
Alayne has headed the Foundation since 1995. St. Michael’s Hospital Foundation has recently completed the most successful fundraising year in its history, raising $42.5 million in total revenue for St. Michael’s Hospital. During Alayne’s tenure at St. Michael’s, revenue has grown to this level from $3.5 million. Alayne has completed three capital campaigns, all exceeding goal and is now leading the fourth campaign (Inspire 2018) for St. Michael’s Hospital. The Foundation has experienced a fundraising first in North America, with 100% physician participation in all three capital campaigns to date. In 2002, Alayne received her Fellow’s designation (FAHP) from the Association of Healthcare Philanthropy and she is one of only 20 in Canada who hold this designation. She has received many awards over the years acknowledging her expertise and dedication, including the prestigious Community of Service Award from St. Michael’s Hospital and, in 2005, the Association for Fundraising Professionals’ Fundraiser of the Year Award. Previously, Alayne was president of Centenary Hospital Foundation for nine years.
Partner, Asset & Risk Management
Steve is a Partner at Morneau Shepell and leads our Asset & Risk Management consulting practice in Atlantic Canada. He joined the firm in 2009 and is based in Halifax. Prior to Morneau Shepell, Steve worked for a large Pension Plan as risk manager, at an Investment Management firm as risk manager and for a Life Insurance company as an actuary. He has been involved in the investment and actuarial consulting fields of the industry for over 15 years. Steve primarily focuses on asset and risk management consulting services, including providing day-to-day consulting, asset/liability studies, implemented consulting, risk-driven solutions, manager searches, manager reviews, investment funding policy reviews, performance measurement and investment style education. Steve performs ongoing and project based asset consulting work with many of our largest clients and has been a frequent industry speaker on asset & risk management topics for organizations such as Association for Canadian Pension Management (ACPM), the Federated Press, Canadian Pensions and Benefits Institute (CPBI) and Global ICON as well as for many internal company and client events. Steve graduated with a Bachelor of Science degree from Mount Allison University and with a Bachelor of Education from Saint Francis Xavier University. He is a Fellow of the Society of Actuaries (F.S.A.), holds the Chartered Financial Analyst designation (CFA), the Professional Risk Manager designation (PRM), and the Chartered Alternative Investment Analyst designation (CAIA). Steve is a member of Morneau Shepell’s Asset Management National Specialist Team and also is chair of our Risk Management National Specialist Team. Steve is also a board member of the Atlantic Canada CFA Society.
President & CEO
B.C. Cancer Foundation
He joined the BC Cancer Foundation in 2009. As the President & CEO of the BC Cancer Foundation, Doug Nelson is passionate about raising funds to support breakthrough research and enhancements to patient care exclusively at the BC Cancer Agency. Doug feels strongly about the relevance of cancer to all British Columbians and the power of philanthropy to make a difference. As the largest charitable funder of cancer research in this province, the Foundation enables donors to make contributions to leading-edge research that have direct impacts on improvements to cancer care for patients. Doug is a highly successful leader in the health research development sector, with an outstanding track record of health-care philanthropy and a reputation for building sustainable revenue-generating programs. Prior to joining the BC Cancer Foundation, Doug was the Chief Development Officer for the University of Alberta, where he led the second largest fundraising campaign in Canadian history.
Director of Development
Erin Prendergast is Director of Development at the Walrus Foundation, which has an educational mandate to support writers, artists, ideas, and forums for conversations on matters vital to Canadians. She joined the Walrus Foundation in June 2013 from the Art Gallery of Ontario, where she worked for fourteen years managing fundraising projects with goals of $1 million and above. She was the manager of Transformation AGO, the most successful cultural fundraising campaign in Canadian history, which raised more than $300 million in support of endowment funds and the highly regarded Frank Gehry-designed building expansion. At the completion of Transformation AGO in 2008, Erin established a donor relations portfolio and in 2011 helped launch the $35 million dollar “Art Opens Minds” campaign in support of art education. In honour of The Walrus magazine’s tenth anniversary in the fall of 2013, Erin unveiled an innovative new major gifts program, the Walrus Campaign for Optimistic Canadians, inspired by the description of The Walrus as “an optimistic national project about Canada and its place in the world.” Erin is a certified fundraising executive and holds a master’s degree in publishing. Previous to her role as a fundraiser, Erin worked at Key Porter Books, an energetic Canadian book publisher, and Sotheby’s (Canada) Inc., the esteemed international fine art auction house.
|Brandon Osten, CFA
Founder, Chief Executive Officer & Portfolio Manager
Venator Capital Management Ltd.
Prior to founding Venator Capital Management, Brandon Osten was a Research Analyst and Director of Sprott Securities Inc., specializing in Technology, Health Care and Special Situations. Brandon got his start in the investment business in 1996 after graduating from the Ivey School of Business, continuing his education with the completion of the CFA program in 1999.After spending time as a research associate in the fields of Energy Services and Market Forecasting, Brandon was promoted to Research Analyst in 1999. He quickly established himself with several prominent negative recommendations while discovering several promising companies, offering both long and short opportunities to institutional clients. As an integral member of the group that bought Sprott Securities (now Cormark Securities) from its founder Eric Sprott in 2000, Brandon became a Director of Sprott Securities Inc. Brandon was the top-ranked software analyst in Canada among non-tier 1 banks in 2001 (#5 overall) and 2002 (#2 overall) according to BWI, as well as a Zacks All-Star in those same years. In 2003, Brandon was recognized as “The Best on the Street” by the Wall Street Journal ranking as #1 in software in North America and #5 overall. In 2004, Brandon shifted his research efforts to the United States, covering technology and special situations, uncovering the “hidden gems” that had become his calling card in Canada. In 2005, Brandon branched out into the healthcare field before leaving Sprott in June.
|Greg Romundt, HBA
Centurion Asset Management Inc.
Mr. Romundt is the founder and President of Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, and Centurion Property Associates. He has been engaged in investment in residential real estate since 1997 and investments and financial markets since 1991. He has real estate investment experience in Singapore, Britain, Australia, China and Canada. From 1991 to 1997, he worked for Citibank in Toronto, New York and Singapore as a financial derivatives trader in interest rate derivatives, major and emerging currencies and exotic derivatives. From 1997 to 2001, he worked for AIG International Group in Hong Kong, Britain and Singapore as head of emerging market derivatives and then as Senior Vice President and Partner (Emerging Markets). He was the group risk manager, overseeing all of the firms positions in emerging markets and was a member of the risk management committee. He graduated from the Richard Ivey School of Business at the University of Western Ontario with an HBA in 1991. Mr. Romundt was nominated for and is a finalist in the Ernst & Young 2014 Entrepreneur of the Year award.
Ontario Arts Foundation
Vice-President, Business Development
Standard Life Investments Inc.
As Vice-President, Business Development, Chris Wright is a key part of the Standard Life Investments Sales Team, and is responsible for business development in Central Canada. With over 25 years of experience within the industry, Chris has earned a wealth of expertise in investment strategies, asset allocation, and business development. He has experience successfully managing teams in both Canadian, multinational, private, and publically owned asset management firms. Prior to joining Standard Life Investments Inc., Chris spent nearly five years with Aurion Capital Management as Vice-President, Business Development. Chris is a graduate of the Richard Ivey School of Business, with a B.A. in Honours Business Administration. He is a guest lecturer for classes in both the MBA and MFIN programs at the Rotman School of Business, University of Toronto on the subject of Investment Presentations.
Managing Partner and Chief Investment Officer
Dr. Klein is a professor of finance at Simon Fraser University and was most recently a Principal of KCS Fund Strategies Inc. He was a Vice-President with CIBC/Wood Gundy Inc. where he participated in a wide range of capital market activities in their Toronto and Tokyo offices, and was Chief Trader of the bank’s European derivatives portfolio while based in their London, UK office. He has developed a number of trading models for use on trading desks, and has personally priced, traded and hedged billions of dollars of derivative securities.
Dr. Klein has been published in leading academic journals and has garnered awards such as the Barclays Global Investors Canada Research Award, the Chicago Board of Trade Award for Best Paper in Futures and Options and the Alternative Investment Management Association (Canada) Research Award for his research on hedge fund returns, derivative security and asset pricing models.
Dr. Klein holds a Ph.D. in financial economics from the University of Toronto, an MBA, LL.B. and B.Sc from the University of Western Ontario, and is a CFA (Chartered Financial Analyst), CBV (Chartered Business Valuator) and CGA (Certified General Accountant). Dr. Klein was formerly the Director for Continuing Education for CFA Vancouver. He is currently a member of the research committee of the Canadian Institute of Chartered Business Valuators and is Chair of the Simon Fraser University Academic Pension Plan.
Senior Director, Estate Giving
Princess Margaret Cancer Foundation
Executive Director, Gift Planning
University of Toronto
MaRS Centre for Impact Investing
2014 Agenda Day 2
Chair’s Opening Remarks
CEO Panel: Practical Strategies from Foundation Leaders
There are countless number of reasons the can keep a CEO up at night. This session will address top-of-mind issues faced by foundation and endowment CEOs and discuss practical strategies that can be used to succeed today:
Fulfilling Your Fiduciary Duties through Impact Investing
Learn to create a positive and environmental influence through impact investing while continuing to raise financial returns on your investments. This session will discuss opportunities and sourcing strategies that include:
|10:15||Networking Coffee Break|
Cultivate Strong Donor Relations to Drive Revenue
Building and strengthening strong relations with donors can significantly improve your foundation’s bottom line. Canada’s leading donor relations experts will share:
Effective Governance Structure: How to Make the Best Use of Your Investment Committee
Through good governance practices, investors are closer to reaching their foundation’s overall objectives and improving returns on investments. This session will address key approaches used in building a solid governance framework that will help you:
|12:15||Conference Concludes and Networking Luncheon|
(Includes meals, documentation and inCONFERENCE™, fully searchable online access to this conference’s papers*)
|Senior Executives from Foundations and Endowments
Regular Conference price
Email firstname.lastname@example.org to Qualify
|$495.00 + taxes
$1,695.00 + taxes
|Solution Providers and Vendors||$2,495.00 + taxes|
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A refund (less an administration fee of $500 plus taxes) will be made if notice of cancellation is received in writing six weeks before the event. We regret that no refund will be given after this period. A substitute delegate is welcome at any time.
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“Made good connections and heard some terrific ideas. Very impactful discussions including alternative use of capital.”
“Great dialogue and content. Opportunity to interact with advisors and investors. A thought provoking, insightful, practical experience.”