Page 30 - 2020 October Report

October Report 2022
Grant Program Committee minutes (draft) (7)
about IAIA transitioning to the endowment phase of the program. President Bob Martin was an enthusiastic supporter of the proposed endowment, which would continue to support scholarships to the Business and Entrepreneurship program, support a program coordinator position, expand the adjunct pool and increase internship opportunities.
Rick explained that though this was a school that struggled early on, it has since made the institutional changes that have made this an outstanding program. Its art gallery where student work is showcased has become an important point of pride for the institution. Sherry added that IAIA recognizes the importance of business education for its students. IAIA has indicated that it plans to continue to develop the endowment beyond the $1.2 million. It was noted that this type of endowment is unique to JSF, and perhaps the Foundation should do more of these. Because of the endowment’s dual purpose, it was suggested that the grant agreement spell out exactly how the money will be spent. Also, it should be made clear that once JSF funds the endowment, there will be no more Entrepreneurship Scholarship dollars allocated to IAIA after the spring semester of 2023. Instead of funding the entire $600,000 in one year, JSF would more likely fund half of it in 2022 and the remainder in early 2023.
The Committee approved the application from IAIA for $600,000 with a 1:1 match to build an endowment in support of scholarships to the Business and Entrepreneurship program, a program coordinator position, expansion of the adjunct pool and increased internship opportunities. The agreement will specify how the endowment proceeds will be spent. IAIA will be notified that upon full endowment funding from JSF, the school will no longer receive annual Entrepreneurship Scholarship funds.
e. Martin Family Initiative
Malcolm welcomed the following representatives of MFI: Chloe Ferguson, Vice President; Jessica Hayden, Associate Director for The Early Years; and Dr. Carlana Lindeman, Education Program Director. Two applications had been circulated, along with a site visit report from August 8-9, 2022 and notes from a videoconference held on June 23, 2022.
For The Early Years Program, which JSF previously supported with a grant of CDN $500,000, MFI now requests CDN $300,000 over 3 years for continued support of the growing program. Matching dollars will be raised in the amount of $600,000 in Year 1 and $500,000 in Years 2 and 3.
Chloe began with a brief overview of MFI. There have been several organizational changes that reflect MFI’s growth, including Chloe’s promotion to Vice President from her prior role as Director of The Early Years. MFI strives for an Indigenous-led and comprehensive approach while also becoming more flexible, responsive and diverse in looking at how the programs can be used in different contexts to meet different needs. The 3 areas of programing are Early Childhood; ElementarySchoolLiteracyandLeadership;andEntrepreneurshipandFinancialWellness. Looking ahead, MFI will focus on comprehensive impact measurement strategy across programs; strong communications platform to elevate the stories of MFI’s partners; and enhanced e-learning and digital teaching resources and tools.
The MFI team was asked about the preferred terminology for Indigenous Peoples in Canada. MFI partners with Inuit, First Nations and Métis peoples and tries to use the specific name of the community whenever possible. MFI adapts to what its partners say their preference is. MFI is moving from a family organization to being a family-governed organization. Chloe’s new role involves developing processes to manage the staff, which now includes 50 full-time people across the country. Jessica, who took over as Director of The Early Years, has been with the organization for more than 3 years, and before that she worked for the Canadian government.
Jessica said The Early Years program asks communities what they want and then helps them build it. The program started as a pilot in one location and has expanded to 7 provinces and territories. The goal is to work with local community organizations to adapt Early Years program
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