CANADIAN MINING AND METALLURGICAL FOUNDATION
Organization
The Foundation is incorporated under federal Letters Patent as a non-profit organization and is classified as a charitable foundation for tax purposes. The activities of the foundation are directed by a Board of Trustees, elected from the membership of the Institute. Audited financial statements are prepared annually and approved by the Board at its annual meeting and the annual report is published in The CIM Bulletin distributed to all members.
Objectives
As outlined in its Letters Patent, the object of the Foundation encompasses all CIM educational activities including but not limited to :
- support the Distinguished Lecturers program of CIM which provides interesting and informative lectures to the membership of the Institute and the mining community.
- sponsor special lectures and seminars relating to the mineral industry at Canadian universities and colleges.
- maintain an information system about the Canadian, and world, mineral industry that would be available to students, councillors and teachers in Canadian schools.
What has been done
Since its incorporation, the Foundation's main efforts have been directed towards support of the CIM Distinguished Lecturers program. In 1980 it also provided support to the Identity Curriculum Project, a program established to supply information kits to educators which would assist them in explaining the mineral industry to students at the primary, junior and intermediate school levels. In 1998, additional support was granted to similar ventures in B.C. and Ontario. In 1998, at the occasion of the 100th anniversary of The Institute, the Foundation has established two scholarship programs :
- the Caterpillar Inc. and its Canadian Dealers Scholarship for students in the fields of mining engineering
- the Scotiabank and Scotia Capital Markets Scholarship for students in the fields of exploration and geology.
Each scholars amounts to a $2,000 award.
Future Development
To maintain it's leadership in the mining world, Canada requires the best educated work force possible to develop new technologies and apply them in the most effective manner. Competition from other parts of the world, who are also developing their mineral resources - often exploiting larger and richer deposits - will make this of increasing urgency in the years to come.
One of the means to achieve the above goal is Continuing Education Programs. The Foundation will develop seminars and short courses to assist technical and professional workers in the industry, especially those who have been at work for several years. These seminars and short courses will help to renew and upgrade their skills and thus enable them to keep abreast of new developments and would be made available in mine centres anywhere in Canada at a reasonable cost to the participant.
How can you help?
To accomplish these objectives, the Foundation needs financial support. To provide such funding, the Foundation has established the Centennial Endowment Fund with a capital goal of $1 million, only the revenues generated annually by this fund will be used to support the activities. This Fund will also be a continuing reminder of the Institute's Centenary. At the end of 1998, the Fund stands at approximately $450,000 - there is still a long way to go. You can help by contributing to the Foundation and your contribution can take several ways :
- contribute annually to the Endowment Fund of the Foundation
- contribute annually to the general fund of the Foundation
- establish an annuity, bequest or trust in the Foundation's name
- include the Foundation as one of the beneficiaries in your will
- ask your employer to match your own donation
All donations to the Foundation are eligible for a tax credit under the income tax rules.The mineral industry thanks you for your support and you will benefit from your donation as the mineral industry affects the day to day life of all Canadians.
