4.K. Chess Foundation of Canada
The Foundation benefitted from a good year in the investment markets and ended the year with total equity of $409,938 compared to $333,746 last year.
We received a donation of $10,000 from Andres Pugi for the Pugi Fund which now stands at $30,504 (included in the total equity). Andres specified that income from his donation go toward assisting young female players.
Eight life memberships were sold (Paul Clarkson, Carolyn McMaster, David Schwartz, Bryan Morgan, Anthony Leonard, Norman Conrad, Francis McDyer and Ali Hus) for a total of $4,770.
Total investment income was $12,923 which will be forwarded to the CFC. This includes $1,080 specified for the Pugi Fund.
I encourage all voting members to consider the Chess Foundation of Canada in your estate planning.
Paul Leblanc
Treasurer, Chess Foundation of Canada
CFC Voting Member