The Dave Irwin Foundation for Brain Injury is committed to the establishment of the Dave Irwin Endowment Fund which will be used to better the lives of brain injured persons in Canada in perpetuity. In addition, funds will be granted for education, research and outreach programming initiatives.

Our Long Range Plan

The long range objective of the Dave Irwin Foundation for Brain Injury is the establishment of an endowment fund of at least $1,000,000 for acquired brain injury research, outreach services funding and facilitation of acquired brain injury awareness programs for the public. Subject to the disbursement requirements imposed by the Income Tax Act, the revenue and expense projection suggests that this goal could be reached within the next ten years with a combination of fund-raising events for the general public, as well as with moderate levels of private and corporate donations. An estimate of the growth of the endowment fund over the next eight years is as follows:

  2004 2005 2006 2007 2008 2009 2010
Dash for Cash 50,000 100,000 100,000 150,000 150,000 175,000 175,000
Donations - Private 2,000 5,000 5,000 10,000 10,000 25,000 25,000
Donations - Corporate 50,000 50,000 100,000 100,000 200,000 200,000 250,000
TOTAL REVENUE: 102,000 155,000 205,000 260,000 360,000 400,000 450,000
Office Expenses 5,000 7,000 7,000 7,000 10,000 10,000 10,000
Salaries - - - - 5,000 5,000 5,000
TOTAL EXPENSES: 5,000 7,000 7,000 7,000 15,000 15,000 15,000
NET FUNDS RAISED: 97,000 148,000 198,000 253,000 345,000 385,000 435,000
Estimated Disbursements* 41,600 84,000 84,000 129.418 135,284 173,847 184,695
CUMULATIVE 61,070 128,123 248,529 383,677 612,576 854,357 1,147,379
5% Income 64,123 134,529 260,095 402,860 643,204 897,074 1,204,747

* Assuming that Dash for Cash receipts and private donations are subject to the 80% disbursement quota requirement and that corporate donations are subject to the 4.5% disbursement quota requirement.

Subject to the disbursement requirements imposed by, inter alia, the Income Tax Act, the net funds raised each year would be invested until an endowment fund goal of at least $1,000,000 is achieved. Funds raised beyond the endowment goal for that year could be used to fund research, outreach or awareness programs immediately. Alternatively, the surplus funds could be invested with the balance of endowment funds. Funding short-falls would lengthen the time required to achieve the endowment funding goal. Funds that are required to be disbursed during a year by operation of law will be used to fund research, outreach or awareness programs. The objective to increase private and corporate donations in the years 2007 - 2010 would necessitate the hiring of a donation manager to oversee communication, marketing correspondence among members of the ski industry in Canada and private and corporate donors. Our Short Term Initiatives

The Foundation is committed to achieving the following financial goals in 2004:

  • To raise $5,000 in donations through corporate sponsorship, private donations, and special events.
  • To establish the Dave Irwin Endowment Fund.
  • To endow leading-edge Canadian researchers with "Summit for Acquired Brain Injury" Research Grants to advance research into all aspects of brain injury, treatment and rehabilitation.
  • To provide financial support through the awarding of "Dave Irwin Foundation for Brain Injury" Outreach Grants to assist organizations that provide rehabilitation and community outreach support services to brain injured Canadians.

To achieve the Foundation's goals for 2004, DIFFBI has focused on the attainment of the following Foundation objectives:

  • "Dave's Dash for Cash for Brain Injury" a corporate ski and snowboard challenge and silent-auction at Sunshine Village, Banff, Alberta, which will take place on March 24, 2004
  • 2004 Subaru Ironman Canada "Summit for Acquired Brain Injury" Team sponsorship, which will take place in August 2004
  • Development of corporate and private fund-raising strategy to attract institutional-level funding of $25,000 or more per organization in future years
  • Development of a corporate, institutional and media communications strategy
  • Development of affiliations with leading neuroscience research departments in Canada in order to identify funding opportunities through the "Summit for Acquired Brain Injury" Research Grant program of research studies in acquired brain injury treatment and rehabilitation
  • Further develop affiliations with organizations which provide rehabilitation and community outreach support services to acquired brain injured persons, in order to seek funding opportunities through the "Dave Irwin Foundation for Brain Injury" Outreach Grant program