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THE BRITANNIA YACHT CLUB FOUNDATION

NOTICE

2017 ANNUAL GENERAL MEETING

Wednesday December 13, 2017 from 6pm to 7pm

UPPER DECK at BYC

The Britannia Yacht club Foundation (BYCF) Bylaw No. 1(Governance By-law), the policies of the foundation and the minutes on board meetings are available for members in BYC’s board room. 

All documents of the foundation, the minutes of the board and the agenda will be available at the annual meeting.

Among the usual regular business to be dealt with at the annual meeting will be:

(a) the report of the Board, the financial statements and the report of the auditors shall be presented to the Members and, 

(b) the auditors of the Corporation shall be appointed by the Members for the ensuing year and, 

(c) Directors shall be elected.

All persons, wishing to be nominated and run for a directorship must have their nomination (signed by a nominator and seconder members of BYCF) into Alain Jegen, Secretary of the BYCF (by email) by December 9, 2017 at This email address is being protected from spambots. You need JavaScript enabled to view it..

J. Kirk Robertson, President of the BYCF

BYCF Proposal on Membership

The existing bylaw states

EXISTING

  • Membership in the Corporation shall be limited to voting members of the Britannia Yacht Club who are interested in furthering the objects of the Corporation and such voting members shall have the right to be Members and will be admitted as members by the Board unless any such voting members of the Britannia Yacht Club wish to decline becoming a Member.  

For the continued health of the foundation, the board proposes the following changes to the bylaws concerning membership.

PROPOSED

1)  Any member in good standing of BYC, who is interested in furthering the objects of the Corporation shall have the right to become a Member and will be admitted as members by the Board, at their request.

2) A member of BYCF remains a member of the BYCF until they chose to resign or are expelled by a majority vote at a general meeting.

3) Only members who are 18 or older may vote at general meetings.

The reasons behind this proposed change are:

1) It makes the business of the board cleaner and cheaper. e.g. (if a non-BYCF member or members donate more than $10K in any given year, the foundation becomes a soliciting corporation with greater reporting requirements). During the elevator campaign the foundation came within ~$50.00 of this limit, so it is a real possibility.) It also means less work going thru the membership list each year to determine who still has a vote.

2) BYC is seeing older members give up their membership as they can no longer get to the club or move away to some retirement community. By continuing membership in the BYCF, they can retain their commitment to the club and again make it easier on the foundation’s business if they do decide to donate to the foundation.

 


 

BYC Foundation Update: New and Improved!

The 3rd Annual General Meeting of the Britannia Yacht Club Foundation was held on December 14, 2016 with our President Kirk Robertson chairing. The highlight of the AGM was a PowerPoint presentation by the Treasurer Mary Bundy, summarizing BYCF’s 2016 Financial statements, status of the Legacy Funds (Youth Sailing Fund & Internally Restricted Funds), funds invested, BYCF’s return on investments and expenses and funds available for disbursements this year.

Our solid history of funds disbursements from interest and dividends accrued since 2013 total $37,852. The average yearly return on the portfolio since inception is 5.5%

Monies for Youth Sailing (training boats, sail renewals, dinghy ramp) adding up to $32,517 have been invaluable to the Learn-to Sail program at BYC. World class racing flags costing $2,335 were gifted in 2015. This year $3,000 will also be directed to the ongoing repair of the basin/harbour mouth at Sherwood Point.

Any full member of the Britannia Yacht Club can become at no charge a member of the BYCF. The BYC Foundation’s goal this year is to reach out to all members in order to increase our legacy funds and expand our yearly contributions for the wellbeing of all at BYC.

With these objectives in mind the BYC Foundation plans to highlight BYC’s 130th year with a “Celebration of Giving” event in May.

Until then we wish to thank all BYC and BYCF members for their continued attention and generous support.

  

Breaking News!

                                                                NOTICE

 

 

 

2016 ANNUAL GENERAL MEETING

 

Wednesday December 14, 2016 from 6pm to 7pm

 

UPPER DECK at BYC

 

 

The Britannia Yacht club Foundation (BYCF) Bylaw No. 1(Governance By-law), the policies of the foundation and the minutes on board meetings are available for members in BYC's board room.

All documents of the foundation, the minutes of the board and the agenda will be available at the annual meeting.

 

Among the usual regular business to be dealt with at the annual meeting will be:

 

(a) the report of the Board, the financial statements and the report of the auditors shall be presented to the Members and,

(b) the auditors of the Corporation shall be appointed by the Members for the ensuing year and,

(c) Directors shall be elected.

 

All persons, wishing to be nominated and run for a directorship must have their nomination (signed by a nominator and seconder members of BYCF)  into Alain Jegen, Secretary of the BYCF (by email) by December 9, 2016 at This email address is being protected from spambots. You need JavaScript enabled to view it..

 

 

            J. Kirk Robertson, President of the BYCF

 

 

 

 

View the John Killick Elevator wall plaque! Thanks to all donors!

 

 

 

BYCF Update – April 2016

 

Paul Dick was our founding President.  He presided over the board as we hammered out our legal framework and all the start-up stuff that just had to get done. Paul will remain as a board advisor. Thank you Paul from all at BYC!

 

As of January 2016 the BYC Foundation board of directors consists of the President: Kirk Robertson, Honorary Secretary: Alain Jegen, Honorary Treasurer: Mary Bundy, Director: Marc Charbonneau. 

 

A large donation in 1999 from Past Commodore, Livius Sherwood, began a dream about of a “foundation” and dutifully held by BYC. A subsequent  bequest from Charlie Marshall allowed the dream to be fully realized and the foundation was established by members in 2010. Many have since donated monies; the Foundation can't thank you enough. The full donors list appears under the donation tab at www.BYCF.ca.

 

 

BYCF  will continue to accepts gifts and bequests for specific Legacies funds and Projects funds relating to it’s purposes. Legacy donations are invested in “blue chip” stocks with a dividend payout. Only the dividends are distributed yearly as per the terms specified by the donors. 

 

                                                           

 

Since 2010 the Junior Sailing has received $25K for fleet and facility improvements; the BYC racing program has received new flags valued at $2k for the Shark Worlds. The BYCF also recently spearheaded the Elevator project fundraising, raising more than $65,000.00 towards clubhouse accessibility. The Foundation's aim is to generate about 5% annually on the capital and most years we have bettered that. 

 

The board believes that the way it does business always has to improve. We have a non-disclosure policy, which all members of the board, advisors to the board and BYC staff who help, sign every year. We have a written privacy policy on anonymous donations. All our corporate policies can be found at www.BYCF.ca. The BYCF continues to strives to gain and maintain your trust by:

 

  • Being transparent in our effective communications to members, 
  • Seeking member input for worthwhile initiatives, 
  • Investing the monies donated responsibly and according to our Policies and, 
  • Allocating donated funds and the derived income as donors have specified.

 

BYCF membership is free and is open to all full BYC members. This allows for a direct membership oversight and control of the Foundation by the BYCF members.

 

 

 


THE BRITANNIA YACHT CLUB FOUNDATION

THE BRITANNIA YACHT CLUB FOUNDATION ( BYCF )came about in the autumn of 2010, because the BYC membership voted to set up an arms length institution to handle and invest any and all ‘Legacy Contributions’ and to take care of any ‘Contributions” made to be spent on any specific short term projects.

The Annual General Meeting of the corporation held in December was well attended. Members present approved minor changes to the By-Laws, the Articles of Continuance, the Financial Statements, the proposed disbursement, and elected the Board members for 2013.

paul

BYC Commodore Phil Moorman and Youth Director Jeff Taylor receive a cheque from BYCF President Paul Dick. Monies for this disbursement were generated by the Youth Sailing Legacy Fund.

In establishing the BRITANNIA YACHT CLUB FOUNDATION, the Club Members’ objectives were to receive all present and future donations in a single legal administrative structure so it can accommodate a variety of donations, gifts and bequests that serve the best interest of the BYC membership and their families.

Your Foundation invites you to explore the various ways that you can gift in your lifetime or in your will.

Contact any BYCF director if you have questions or are considering a donation. Paul W. Dick, President, (613) 592-5412, Mary Elizabeth Bundy, Treasurer (613) 692-1070, Kirk Robertson, Secretary, (613) 225-3803, Marc Charbonneau , (613) 816-2487, and Alain Jegen (613) 265-6015.

We are committed to maintaining your confidence and trust through the new BYCF Privacy Policies.