Giving Is For Today – Summer 2017 Edition


By Victoria Emslie

View a PDF of this newsletter.

NICOLA WEALTH MANAGEMENT HAS ALWAYS STRIVED to be an active member in our communities, both locally and internationally — not only as a company but also in how we facilitate our staff and clients’ philanthropic goals. This newsletter is intended to inspire the culture of giving through sharing client stories and highlighting charities and causes. Collectively, we maximize the impact of our individual efforts and initiate change.

NWM CLIENT PHILANTHROPIST Q&A

Our clients are as PASSIONATE about MAKING CHANGE as we are. Meet our clients who have embraced philanthropy and be inspired by their story.

From an early age, philanthropy was a way of life for Mark DuMerton owner and operator of M&L Painting Ltd. Through his years he has worked with many charitable organizations, learning many lessons along the way. To this day, Mark and his wife Lynn manage their family’s foundation with a clear philanthropic mission and challenge charities to work efficiently and empower those in need.

Q   WHAT MOTIVATED YOU TO START GIVING? WHEN AND HOW DID YOU GET STARTED?

A    I will start off by saying that giving was a part of our family’s DNA.  Growing up, my family was pretty traditional in our giving; supporting the Salvation Army through our church. My parents taught me that at least 10% of what you earn needs to be given back to the community.  As I started to think about creating a career path I saw the opportunity to give back that way. I began working with an NGO. When I was around 25 years old, I had a spiritual moment and realized that I was meant to be in business, earn a living, and support causes abroad. I realized this is what I was put on this earth to do. I have continued to give back in that way, ever since.

Q   TELL US ABOUT THE CAUSES YOU ARE MOST PASSIONATE ABOUT…(BOTH LOCAL AND/OR INTERNATIONAL)

A    My wife Lynn and I give through our own foundation, the Tamara Foundation, which has a very clear focus on helping struggling women and children.

Locally, we partner with the Union Gospel Mission (UGM) to help their programs in the Downtown Eastside and own a safe house in Burnaby for women and families. After sitting on UGM’s board of directors for over 10 years, I can appreciate the outstanding work UGM is doing with drug addicted mothers. They are helping these women through rehab and recovery and enabling them to continue raising their children.

Internationally, we have three criteria: project accountability, it must benefit women and children, and the help must be facilitated by local people. The latter being a lesson that we learned to be the most important during our early work in Africa. Partnering with local NGOs, local banks, and local providers solidifies the community’s buy-in and ensures the sustainability of the project.

For example, we have partnered with Opportunity International (OI). Working with local partner organizations, OI is committed to alleviating global poverty through microloans, access to financial services, and training. This program empowers those in need to learn and grow into entrepreneurs and leaders while maintaining their dignity and pride. This teaches integrity and has resulted in OI’s impressive track record of success with something like 98% of the loans being paid back.

Q    WHAT IS YOUR STRATEGY BEHIND MAKING CHARITABLE DONATIONS AND HOW DO YOU DECIDE WHERE TO GIVE?

A    Each year the Tamara Foundation calls for proposals. Once we thoroughly review the proposals, we apply a formula based on the money we have made to determine the amount to give.

Also, I’m always looking at what my peers are doing. I ask if they are doing their due diligence, and are they really drilling down?

Q    HOW HAS NWM SUPPORTED YOUR PHILANTHROPY?

A    John Nicola and Murray Neilson have always shown interest and encouraged our initiatives. They have helped us integrate our philanthropy into our planning for the best tax advantages. NWM is now a big part of our long-term planning.

Q    IF YOU COULD GIVE ONE PIECE OF ADVICE TO SOMEONE WHO IS CONSIDERING MAKING ‘GIVING’ PART OF THEIR FINANCIAL PLAN, WHAT WOULD YOU SAY?

A    Well, one thing I’ve realized is that whether it is $100 or $100-million dollars, it’s important to give. We are fortunate and we have a responsibility to give back.

Also, find out how much it costs for the organization to raise a dollar. You need to know how much of your donation is actually going back to those in need. It’s easy to write a cheque but we have an obligation to hold organizations accountable for delivering the support they said they would as in business we need to understand the human ROI.


FIVE QUESTIONS TO ASK YOURSELF WHEN FORMING AN EFFECTIVE PHILANTHROPIC PLAN:

There is a lot to consider when building your own giving strategy and getting started in philanthropy. There is also great potential for life-enriching work. We have put together a list of five questions you need to answer in order to build a strong foundation for your philanthropic initiatives.

1. WHY ARE YOU GIVING?
You need to think about your motivations for giving. Consider: heritage, family, legacy, and experience, and how they play a role in your intention.

2. WHAT DO YOU WANT TO ACHIEVE?
Set a goal by assessing the issues, refining your focus, and visualizing the outcome you want to see.

3. HOW DO YOU THINK CHANGE WILL HAPPEN?
Look at how your support will impact the cause and the goal you set. Which approach is used: research, awareness, innovation, remediation, etc.

4. HOW WILL YOU ASSESS PROGRESS?
Planning on how you will evaluate the progress and impact of your gift is important. Decide what the results are and what “making a difference” looks like.

5. WHO WILL JOIN AND SUPPORT YOU?
It is easy to let philanthropy consume your time, and it’s not for everyone. Decide how much time you want to devote to the cause, if you want to be public or anonymous, if you want to involve your family, etc.

We encourage you to share your charitable intentions with your NWM Advisory Team. We would like to support you by incorporating them into your plan.

Enjoy your journey!


FEATURE CHARITY:

BC CANCER FOUNDATION

One in three British Columbians will be diagnosed with cancer in their lifetime.

The BC Cancer Foundation is the fundraising partner of the BC Cancer Agency and the largest fundraiser for cancer research in this province. The Foundation enables donors to make contributions to leading-edge research that has a direct impact on improvements to cancer care for patients in British Columbia.

By connecting philanthropy and research, the BC Cancer Foundation supports the revolutionary advances that will help us achieve our vision of a world free from cancer.

This summer, an exciting and innovative radiotherapy machine was installed and commenced its first treatments to patients in British Columbia at the BC Cancer Agency Vancouver Centre. The technologically-advanced radiotherapy system, called VERO™, is the first machine of its kind in Canada, and renovations to accommodate the system even included building a brand new vault to house the machine.

Each year, many British Columbians are diagnosed with cancers that are difficult to treat such as lung, liver, pancreas, kidney and brain cancers. The VERO™ machine is truly innovative with its ability to track the movement of a tumour in real-time and its precisely contoured beams, which allow the delivery of radiation to tumours that have not previously been targetable through radiation therapy.

The BC Cancer Foundation is the fundraising partner of the BC Cancer Agency, raising funds to advance groundbreaking research and care for the 77,000 British Columbians that will undergo treatment for cancer this year alone.

Fundraising for the VERO™ kicked off at the BC Cancer Foundation’s Hope Couture luncheon and fashion show event in September of 2015, raising an initial $1.5 million, which would then grow over the next year and a half to reach its ultimate goal.

In a matter of months, BC Cancer Foundation donors from across the province responded with contributions ranging from $20 to $2-million, and every dollar helped to ensure the VERO™ would be available to treat those diagnosed with rare and hard-to-treat cancers.

“Hope Couture has provided us with a tremendous opportunity to advance cancer treatment and research at the BC Cancer Agency,” says Dr. Roy Ma, Radiation Oncologist at the BC Cancer Agency. “Bringing the VERO™ to B.C. will create an unequaled opportunity to help improve outcomes for cancer patients in British Columbia. Having VERO™ will enable the building of a clinical research program, acquiring knowledge from evidence-based practice that can be shared worldwide” adds Dr. Ma.

Thanks to generous donors, the BC Cancer Foundation reached its $6.5-million fundraising target to purchase a state-of-the-art VERO™ machine to benefit cancer patients across B.C. and the VERO™ team at the BC Cancer Agency Vancouver Centre are set to begin the first round of treatments.

Vancouver’s ‘it’ fall fashion show and luncheon: Hope Couture

The BC Cancer Foundation’s Hope Couture is a signature fashion show and luncheon that features gorgeous clothing, delightful fare and exciting silent and live auctions. Each year, the event raises funds for important pieces of equipment, research programs or specific types of cancer at the BC Cancer Agency.

The Tuscan-inspired 2016 Hope Couture event raised an incredible $900,000, which supported the purchase of a Single Cell Genomics Suite at the BC Cancer Agency’s Centre for Lymphoid Cancer. This will lead to more personalized treatment approaches for lymphoma patients.

The BC Cancer Foundation’s 2017 Hope Couture will raise funds toward Preventing Women’s Reproductive Cancers at the BC Cancer Agency. With support from Hope Couture, BC Cancer’s OVCARE team will build out a robust toolbox to prevent reproductive cancers. Two life-saving tools are already in place: the opportunistic removal of fallopian tubes for women undergoing hysterectomy or tubal ligation, and hereditary testing for all women diagnosed with high-grade serous ovarian cancer. Currently, no comparable tools exist for endometrioid and clear cell ovarian cancer – this must change. By expanding the toolbox, more reproductive cancers will be prevented.

To learn more about the 2017 Hope Couture event and to reserve your tickets, please visit:

www.bccancerfoundation.com/hopecouture 

www.bccancerfoundation.com 


NWM GIVES BACK UPDATE

Nicola Wealth Management values the role companies play in making the world a better place. The NWM Gives Back Charitable Committee is a board of NWM staff, management, and spouses committed to developing and fostering a culture of giving. The committee acts as facilitators for employees and partners to succeed with their charitable goals thereby giving back to the world in meaningful ways.

SUMMER 2017 UPDATE
This year, we are pleased to announce that NWM is the new multi-year title sponsor for Arts Umbrella’s annual golf event. The Nicola Wealth Management Invitational to benefit Arts Umbrella is Vancouver’s premier charity golf tournament supporting Arts Umbrella’s Bursary Program and free community programming.

Since 1979, Arts Umbrella has provided the highest quality visual and performing arts education to Metro Vancouver children and youth ages 2-22. NWM joins Arts Umbrella in their belief that all children should have access to the arts regardless of financial, geographical or cultural barriers. AU’s Bursary Fund is designed to assist families in overcoming financial barriers to providing arts education experiences to their children.

This year alone, 550 students, who would otherwise not have been able to participate in arts programs, received bursaries or scholarships. In addition to the title sponsorship, the NWM Gives Back Committee supported Arts Umbrella’s Bursary Program in the form of a matching donation of $20,000. This resulted in $40,000 being raised; enabling over 150 children and youth, who could not otherwise afford it, access to world-class arts education.

COMMUNITY HIGHLIGHTS

NEW to the list of NWM Gives Back charitable partners is the Vancouver Firefighters’ Snack Program. The committee is pleased to support their efforts to provide the nourishment students need in order to learn.

Also, this spring our team in Kelowna recently participated in the second annual Hungry Hungry Half Marathon raising $4,235 for the Central Okanagan Community Food Bank.

On June 25th, a group of keen NWM runners raised $7,640 for Cassie & Friends, an organization helping children with Juvenile Arthritis and other rheumatic diseases, by completing the Scotiabank 5K & Half-Marathon.

NWM is pleased to share the story of Emily Epp, the 17 year-old swimmer who swam The English Channel to raise funds in support of Canuck Place
Children’s Hospice. NWM offered $50,000 to match donations to Emily’s campaign. Emily successfully crossed The Channel and will quickly exceed her fundraising goal.

 

Save