How does the North Vancouver High School Education Foundation manage the funds for its named awards?

Each named award fund has its own designated capital, starting with the donations initially made to it.  This capital is invested conservatively with reputable banks and trust companies.  From then on, the fund is deemed to increase by donations made explicitly to that fund whenever they are received.

The fund is deemed to increase by earned interest whenever it is received.  All the Foundation's funds are deemed to earn interest at the same rate, so each fund receives a share of each interest payment in proportion to its capital and to the number of days it has had each dollar of its capital since the beginning of the Foundation's current financial year.

The fund is deemed to decrease by the amount of the award paid in its name each September.  In 2010 the Foundation set the amount of each of its awards at $1, 200.  That amount will be adjusted each year according to the British Columbia inflation rate so as to maintain its real value.  In 2018 the value of each award was $1,345.

Under these conditions, a large enough award will last forever, while smaller funds will dwindle and eventually die unless they are maintained by further donations.  For how estimates of how long various funds can be projected to last at current interest and inflation rates, contact the Foundation's Information Officer.

To found a new award or to contribute to the fund for an existing award, contact the Foundation's Information Officer.

Since 2017 a large number of Joyce C. Borrie and George W. Stevenson awards have been granted from monies held in trust by the Vancouver Foundation.  The North Vancouver High School Education Foundation administers these awards annually on the Vancouver Foundation's behalf.

Past Awards & Expenses

The following is  table of the awards we have distributed in each year, the total value of the awards and the expenditures of our organization.

Year  Total Awarded  Total Value Expenditures

1980 11 $3,300 $794.87

1981 14 $4,200 $67.09

1982 16 $5,600 $119.22

1983 18 $6,300 $256.86

1984 16 $5,600 $40.34

1985 21 $10,500 $1,569.04

1986 18 $9.350 $953.75

1987 20 $11,850 $260.83

1988 23 $13,400 $1,071.12

1989 32 $18,000 $703.55

1990 40 $23,100 $480.17

1991 38 $23,550 $401.09

1992 45 $28,840 $577.60

1993 42 $27,550 $439.32

1994 40 $26,880 $332.43

1995 38 $25,620 $190.95

1996 37 $25,625 $233.26

1997 45 $30,870 $375.77

1998 43 $29,610 $751.64

1999 49 $33,390 $391.70

2000 45 $31,360 $527.12

2001 49 $34,980 $563.32

2002 48 $33,800 $413.30

2003 43 $31,820 $469.65

2004 47 $35,250 $508.85

2005 41 $31,800 $207.75

2006 45 $35,520 $495.15

2007 48 $38,175 $116.46

2008 46 $37,215 $282.52

2009 50 $37,705 $692.50

2010 47 $56,400 $1,388.33

2011 49 $60,540 $803.37

2012 48 $60,505 $705.18

2013 52 $65,505 $1,018.66

2014 51 $64,250 $2,986.99

2015 51 $65,000 $4,337.49

2016 46 $59,550 $275.31

2017 57 $74,860 $2,539.02

2018 87 $117,170 $464.63

2019 89 $122,940 $462.75

2020 90 $126,900 $396.50

2021 89 $126,825 $162.46

2022 85 $125,900 $536.15

2023 97 $154,160 $450.44

2024 99 $160,720 $450.44

2025