{"id":2820,"date":"2022-03-17T14:45:39","date_gmt":"2022-03-17T21:45:39","guid":{"rendered":"https:\/\/canadianrugbyfoundation.ca\/rugby\/?page_id=2820"},"modified":"2025-12-15T11:40:46","modified_gmt":"2025-12-15T19:40:46","slug":"faqs","status":"publish","type":"page","link":"https:\/\/canadianrugbyfoundation.ca\/index.php\/faqs\/","title":{"rendered":"FAQs"},"content":{"rendered":"<p><a href=\"http:\/\/canadianrugbyfoundation.ca\/rugby\/wp-content\/uploads\/2022\/03\/FAQs.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-2912\" src=\"http:\/\/canadianrugbyfoundation.ca\/rugby\/wp-content\/uploads\/2022\/03\/FAQs-300x86.jpg\" alt=\"\" width=\"461\" height=\"132\" srcset=\"https:\/\/canadianrugbyfoundation.ca\/rugby\/wp-content\/uploads\/2022\/03\/FAQs-300x86.jpg 300w, https:\/\/canadianrugbyfoundation.ca\/rugby\/wp-content\/uploads\/2022\/03\/FAQs-768x221.jpg 768w, https:\/\/canadianrugbyfoundation.ca\/rugby\/wp-content\/uploads\/2022\/03\/FAQs-1024x295.jpg 1024w, https:\/\/canadianrugbyfoundation.ca\/rugby\/wp-content\/uploads\/2022\/03\/FAQs.jpg 1287w\" sizes=\"(max-width: 461px) 100vw, 461px\" \/><\/a><\/p>\n<p><span style=\"color: #dc0000; font-size: 14pt;\"><b>Q1. Who is the Canadian Rugby Foundation?<\/b><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">The Foundation was established in 2003 as a non-share capital corporation incorporated under the Canada Not-for-profit Corporations Act and is a registered charity under the Income Tax Act (Canada) designated as a public foundation (registration number 869159186).<\/span><\/p>\n<p><span style=\"color: #dc0000; font-size: 14pt;\"><b>Q2. What is the role of the Canadian Rugby Foundation?<\/b><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">The Canadian Rugby Foundation has as its mandate the building of a permanent endowment fund the income from which will be used to develop rugby in Canada, administered by an independent Board of Directors elected by major donors or appointed by Rugby Canada<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Its objectives are to:<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 14pt;\">Create funds across Canada to aid specific projects and areas such as clubs, schools, universities, regions, and student awards<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">Grow and promote the game from the grass-roots across Canada to the Senior Men&#8217;s and Women&#8217;s level<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">Build capabilities of and deepen the talent pool of Canadian players, coaches, officials, and managers<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 14pt;\">The CRF manages endowed funds, helps create new funds, and disburses funds used for rugby-specific purposes, awards, and capital projects.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">In addition, the CRF has funds dedicated to Rugby Canada teams and programs such as the Captains\u2019 Fund which has provided extensive support to the Rugby Canada U20 program, and the Monty Heald National Women\u2019s Fund which supports the National Senior Women\u2019s Program, and the Men&#8217;s and the Women&#8217;s Age-grade Rugby teams.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">The CRF also supports Canadian rugby initiatives and championships from its Unrestricted Fund (e.g., Men&#8217;s and Women&#8217;s High-perfromance Rugby Initiatives,\u00a0 McTavish Cup (Canadian University Men\u2019s Rugby Championship), and Thunder Indigenous Rugby).<\/span><\/p>\n<p><span style=\"color: #dc0000; font-size: 14pt;\"><b>Q3. What is an endowment within the Foundation?<\/b><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Endowments are a donation of money or property to a non-profit organization, which uses the resulting investment income for a specific purpose.<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 14pt;\">Most endowments are designed to keep the principal amount intact while using the investment income for charitable efforts.<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">The funds are established by donors or sponsors (e.g., local rugby clubs, estates, and individual donors).<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">The endowment funds in the CRF are <b>Restricted endowments. <\/b>These have their principal held in perpetuity, while the earnings from the invested assets are expended per the donor\u2019s preferences as specified in the CRF Memoranda of Agreement (MOA) with each Fund Sponsor.<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">A minimum 50-year commitment is required for any endowed funds. Earlier capital withdrawals trigger a return of accumulated interest and any matched funds to the Canadian Rugby Foundation.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #dc0000; font-size: 14pt;\"><b>Q4<\/b><b>. How are funds disbursed?<\/b><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Returns\/interest on endowed funds are calculated and published once a year.<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 14pt;\">Individual Year-end Fund reports are published in January\/February.<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">Payouts from returns\/interest can be made after the annual financial statements are published, up to the maximum payout rate (Currently 3.5-5.0 percent).<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">Disbursements must be used for purposes consistent with the Memorandum of Agreement.<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">Fund disbursements are processed through Rugby Canada or other qualified donees approved by CRA<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #dc0000; font-size: 14pt;\"><b>Q5<\/b><b>. Who manages the funds?<\/b><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">All funds are managed in a pooled investment account by Leith Wheeler a leading Canadian institutional investment manager and overseen by the Foundation\u2019s Investment Committee in accordance with the Foundation&#8217;s investment policy. Optionally, the funds with over $2 million in assets may on approval have their own investment policy and have their assets invested separately, though still within the Foundation&#8217;s portfolio.<\/span><\/p>\n<p><span style=\"color: #dc0000; font-size: 14pt;\"><b>Q6. What is the matching fund program?<\/b><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">The Foundation assists new funds with a matching contribution that enables a fund to reach a sustainable endowment level more quickly. Once a fund has reached $20K it receives an initial matching grant of $5K and then 25 percent of any future donations to a maximum of $20K. This means when the fund reaches $80K it will have accrued a total matching grant of $20K.<\/span><\/p>\n<p><span style=\"color: #dc0000; font-size: 14pt;\"><b>Q7. What does a fund earn on its capital?<\/b><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">All funds within the Foundation receive a return of 3.5 percent and though not guaranteed, this target has been met since the CRF\u2019s inception.<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 14pt;\">Funds receive a return on donated funds as well as matching funds provided by the Fund. This averages the return on the first $100K in the fund to approximately 4.4 percent.<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">This may be distributed at the request of the fund representative once the year-end calculations are completed in April. Interest is calculated annually on the average quarterly balance.<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">The interest may be disbursed or retained to build the fund within the Foundation. The representatives of the fund, appointed in the MOA and updated from time to time, determine how the annual distribution is spent in accordance with the requirements of the MOA and consistent with the Mission of the Foundation.<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">From time to time, on an annual basis, the Board may authorize an increase to the annual payout based on anticipated investment returns and to comply with CRA requirements. Currently the minimum payouts range from 0% for the Funds under $25,000, to 5.0% for the Funds over $1 million. The maximum payout is 5.0% for any Fund regardless of size.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #dc0000; font-size: 14pt;\"><b>Q8. How are monies withdrawn from a Capital Fund?<\/b><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">To withdraw funds for one or more capital projects, up to 100 percent of the funds donated may be withdrawn with the agreement of the Canadian Rugby Foundation and Rugby Canada not to be unreasonably withheld.<\/span><\/p>\n<p><span style=\"color: #dc0000; font-size: 14pt;\"><b>Q9<\/b>. <b>Who runs the Foundation?<\/b><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">The Foundation is overseen by a volunteer Board of Directors elected by the Members, with 1 Director appointed by Rugby Canada. Members are those corporate and individual donors who have donated $25K or more over their lifetime, and one designated representative of each Fund whose assets have exceeded $100,000 for at least two consecutive years.<\/span><\/p>\n<p><span style=\"color: #dc0000; font-size: 14pt;\"><b>Q10: How do I contact the Foundation?<\/b><\/span><\/p>\n<ul>\n<li><span style=\"font-size: 14pt;\">The Chief Executive Officer is Jeff Chan at <u><a href=\"mailto:jeffachan@gmail.com\">jeffachan@gmail.com<\/a><\/u><\/span><\/li>\n<li><span style=\"font-size: 14pt;\">The Board Chair is Mike Holmes at\u00a0<u><a href=\"mailto:mike@phre.ca\">mike@phre.ca<\/a><\/u>.<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">The Treasurer is Jason Thomson at\u00a0\u00a0<a href=\"mailto:jasonthomson343@gmail.com\" target=\"_blank\" rel=\"noopener\">jasonthomson343@gmail.com<\/a><\/span><\/li>\n<li><span style=\"font-size: 14pt;\">The Financial Administrator can be reached at\u00a0<u><a href=\"mailto:cdnrugbyfoundation.financial@gmail.com\">cdnrugbyfoundation.financial@gmail.com<\/a><\/u>.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Q1. Who is the Canadian Rugby Foundation? The Foundation was established in 2003 as a non-share capital corporation incorporated under the Canada Not-for-profit Corporations Act and is a registered charity under the Income Tax Act (Canada) designated as a public foundation (registration number 869159186). Q2. What is the role of the Canadian Rugby Foundation? The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/canadianrugbyfoundation.ca\/index.php\/wp-json\/wp\/v2\/pages\/2820"}],"collection":[{"href":"https:\/\/canadianrugbyfoundation.ca\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/canadianrugbyfoundation.ca\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/canadianrugbyfoundation.ca\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianrugbyfoundation.ca\/index.php\/wp-json\/wp\/v2\/comments?post=2820"}],"version-history":[{"count":13,"href":"https:\/\/canadianrugbyfoundation.ca\/index.php\/wp-json\/wp\/v2\/pages\/2820\/revisions"}],"predecessor-version":[{"id":7302,"href":"https:\/\/canadianrugbyfoundation.ca\/index.php\/wp-json\/wp\/v2\/pages\/2820\/revisions\/7302"}],"wp:attachment":[{"href":"https:\/\/canadianrugbyfoundation.ca\/index.php\/wp-json\/wp\/v2\/media?parent=2820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}