FGM - 2010 Annual Report
Dear Donors, fund-holders, members, friends and colleagues:
On June 15, the Foundation of Greater Montreal (FGM) held its Annual General Meeting, and provided its financial statements.
Please see our annual report which is available at the following link: http://www.fgmtl.org/en/pdf/AR2010.pdf . Within the report you will find highlights of our past successes in 2010 as well as our goals for the future.
Of note, the Foundation of Greater Montreal Investment Fund grew from $98 million on December 31, 2009 to $112 million on December 31, 2010, an increase of 14%. The fund’s return on investment for 2010 was 8% gross of administrative expenses.
In view of the Canada Post strike, the management of the FGM has decided that annual reports will be mailed after strikers have resumed work. Copies of our annual report are also available at our offices during business hours.
Please do not hesitate to contact me should you have any questions or should you know of someone who would like more information on our Foundation and its work. Thank you for your trust and confidence in our work.
Have a great read!
President and CEO