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Skater's
Trust Fund Committee Report
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COMMITTEE
MEMBERS
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Chairman,
Paul Cotter
Susanne
Morgan
Margaret Garrison
Marion Dyke
Barbara Roger
Jo-Anne Phelps
Gary Oswald
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Originally
known as the Athlete's Trust Fund, the Skaters' Trust Fund emerged
under the current name in November, 1988. Over the past 20 years,
Skate Canada - Central Ontario has provided over $525,000 in
athlete funding, primarily in the form of bursaries and athlete-related
expenses.
Through
contributions to this fund and through the support by Skate
Canada - Central Ontario, recreational and competitive skaters
at our member clubs all have an opportunity to be their very
best.
In
2000, Skate Canada - Central Ontario reaffirmed its commitment
to this Fund by donating 50 percent of the revenue generated
from our annual Fun Competition with Team COS skaters being
asked to donate their time and energy at this event. Since that
decision, the Fun Competition has contributed more than $108,000
to the Fund. In recent years, this amount has also been complemented
by the net proceeds of the Skate Canada - Central Ontario golf
tournament, various hosting grants for national events and donations
from the organization's general fund.
In
the current period, the Skate Canada - Central Ontario participated
in the Ontario Skater's Lottery. The fundraiser was a wonderful
success and the net proceeds in excess of $20,000 were committed
to the Skaters' Trust Fund. In summary, over of $50,000 was
generated & donated to the Fund in the current fiscal period.
The
John Ritter Memorial Fund was established in 2002 to honour
the memory of Tom Ritter. Tom was passionate about skating and
was a very personable and popular young man who was taken from
us much too soon. In his memory, the Ritter family entrusted
the section to create a memorial fund. Each year, one skater
who possesses Tom's passion for the sport is awarded a $500
bursary.
In
2006, the Executive Committee of the Skaters' Trust Fund examined
how the funds were to be disbursed. Adhering to our motto that
"excellence will be rewarded," the Skate Canada -
Central Ontario Board of Directors approved a refinement of
the disbursement policy by ensuring that the mandate provides
only for direct athlete funding while any additional financial
support, should it be the payment of entry fees, the purchase
of team outfits or travel allowances, be allocated from the
organization's general fund. Moreover, the Board of Directors
again approved bursaries for gold, silver and bronze medallists
at various International Skating Union, Skate Canada and Skate
Ontario events such as, but not limited to, the Canadian Championships,
Junior Nationals and the Canadian Synchronized Championships.
Consequently, skaters who reach the podium will be financially
rewarded for their success. For our skaters who accept ISU international
assignments, Skate Canada - Central Ontario is pleased to provide
varying degrees of financial support for their participation
and placement.
Skate
Canada - Central Ontario continues to annually present the Elvis
Stojko Awards and the Ruth Phillips Memorial Awards, the latter
named after a former President of the Section. We are pleased
to continue to honour these two individuals who contributed
so much to our Section and athletes.
We
wish to also thank the Scarboro and Georgina Skating Clubs for
their generous contributions to this fund through the Scarboro
Skate Awards and the Georgina Skate Awards. We are pleased that
these two clubs have supported athlete development in our section
for many years through events that they hold annually.
In an age where government funding
for amateur sport is constantly redefined and, in many instances
reduced, it is important for all skating stakeholders to play
an active role in ensuring the future of our sport. The future
of our sport and our athletes continue to be significantly enhanced
through the Skaters' Trust Fund.
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Skaters'
Trust Disbursement Summary (period April 1, 2007-March 31, 2008)
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| Canadian
Championships |
$
2,450.00 |
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| Junior
Nationals |
$
3,125.00 |
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| Canadian
Synchronized Championships |
$
2,600.00 |
| ISU
International Assignments |
$
27,500.00 |
| ISU
Junior World Championships |
$
2,600.00 |
| Ontario
Winter Games |
$
1,075.00 |
| Regional
Festival of Synchronized Skating |
$
1,950.00 |
| Regional
Special Needs/Special Olympics |
$
1,100.00 |
| Scarboro
Skate Award |
$
1,200.00 |
| Tom
Ritter Award |
$
500.00 |
| Ruth
Phillips Award |
$
500.00 |
| Elvis
Stojko Award |
$
350.00 |
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Sub
Total
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$ 44,950.00
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$
44,950.00 |
| Additional
Funding |
Team
COS
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$
77,765 |
Athlete
Development
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$ 24,400 |
| Total
Commitment To Athlete Development |
$
146,755 |
Respectfully
submitted,
Paul
Cotter,
Treasurer
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