Endowment Fund
The YMCA of Southwestern New Brunswick Endowment Fund Inc. was created in 1986 and was incorporated in 1994 for the purpose of receiving funds as trustees to benefit the Y. The purpose of the Endowment Fund is to grow and invest funds so that the YMCA remains strong, viable, and responsive to provide for future generations.
Mission, Vision, and Values
Mission: To ensure the long-term sustainability of the YMCA of Southwestern New Brunswick
Vision: For current and potential donors to recognize the Endowment Fund as the most effective vehicle for maximizing the long term positive impact of the YMCA of Southwestern New Brunswick
Values: Transparency, Consistency, Accountability, Collaboration, Stewardship
Charitable Registration Number: 890269731RR0001 | T3010 Information
Annual Endowment Fund Reports
2022 Annual Endowment Reports
YMCA of Southwestern New Brunswick Endowment Fund Inc. 2022 Annual Report
YMCA of Southwestern New Brunswick Endowment Fund Inc. 2022 Audited Financial Statements
2021 Annual Endowment Reports
YMCA of Southwestern New Brunswick Endowment Fund Inc. 2021 Annual Report
YMCA of Southwestern New Brunswick Endowment Fund Inc. 2021 Audited Financial Statements
2020 Annual Endowment Reports
YMCA of Southwestern New Brunswick Endowment Fund Inc. 2020 Annual Report
YMCA of Southwestern New Brunswick Endowment Fund Inc. 2020 Audited Financial Statements
2019 Annual Endowment Reports
YMCA of Southwestern New Brunswick Endowment Fund Inc. 2019 Annual Report
YMCA of Southwestern New Brunswick Endowment Fund Inc. 2019 Audited Financial Statements
2018 Annual Endowment Reports
YMCA of Southwestern New Brunswick Endowment Fund Inc. 2018 Annual Report
YMCA of Southwestern New Brunswick Endowment Fund Inc. 2018 Audited Financial Statements
Policies
The Arthur Kent Melick Memorial Fund – Post Secondary Bursaries
The Arthur Kent Melick Memorial Fund was established in 1961 on the death of Anne B. Melick in memory of her brother Arthur. The purpose of the fund is to use the income from the fund for cash bursaries to students furthering their education.
Each year the YMCA of Southwestern New Brunswick Endowment Fund provides up to five bursaries for students entering or enrolled in a post-secondary institution on a full-time basis.
Applications for the 2024 Arthur Kent Melick Bursary Fund applications are now open and being accepted until May 1st 2024.
Apply HERE
Disclosure of Payments to Board Directors
From time to time, the YMCA of Southwestern New Brunswick Endowment Fund purchases goods and/or professional services from board members or companies in which a board member is an owner, partner, or senior manager. These transactions are in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties and, which, in management’s opinion, is comparable to the amounts that would have been paid to non-related parties. These transactions are subject to a regular review process.
In 2022, there were no payments made to board members or companies in which a board member is an owner, partner or senior manager.