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www.insideHALTON.com · OAKVILLE BEAVER Friday, June 22, 2012 · 10 Oakville hospital foundation teams up with OCF By Nathan Howes SPECIAL TO THE BEAVER The Oakville Hospital Foundation (OHF) and the OakvilleCommunityFoundation (OCF) hope its new partnership will expand donor bases to have a greater community impact. The announcement was made Wednesday at the OCF's annual general meeting by OHF CEO Tina Triano, who was the keynote speaker. "When you think about what makes a good collaboration and what makes a great collaboration -- to me I believe the assertion of a non-profit organization is what makes a great collaboration," said Triano. Though the partnership came together in the last year, Triano said the beginnings can be traced back several years to a few individuals who were "very wise and visionary and imagined our two organizations combining our collective effort." "In order to effect better change and (create) more impact in the community, it starts with our pooling of our long-term endowment funds with the pool of the Oakville Community Foundation," said Triano. "This is really starting to formalize what we're already doing and we'll do it to a greater degree in the future." A number of families have already set up funds with the OCF to support the hospital. With additional grant initiatives, they will be supporting other charities as well, said OCF CEO Rusty Baillie. About 20 funds from the hospital foundation have been transferred to the community foundation. Including OCF's 108 funds, the partnership now has approximately 128 families "coming together to support the hospital and charities in our community for the long-term," Baillie said. The combined amount of capital that will be managed by the OCF will be upwards of $60 million. About $10 million will come from the hospital foundation, OHF chair Bruce Galloway said. "We believe their ability to raise funds on their behalf is superior to our own. We think long-term (it) will make a difference for the investment performance of our endowment fund," he said. Galloway said by working "If you change one person then you're changing the world." Tina Triano, CEO Oakville Hospital Foundation together, rather than separately, they can broaden the donor base for all Oakville charities. "We also recognize (that) the OakvilleCommunityFoundation has greater expertise in the management of money than we did," he said. "We have great expertise in funding, but we thought their investment performance over time was superior Windows Lighting Cabinets Dinnerware Accent Furnishings Tile Faucets Small Appliances Cookware Sinks Counter Tops Cabinet Hardware Glassware Rugs Large Appliances Hardwood Flooring Virtually everything for your kitchen. Except the retail markup. Discover a brand new way to shop for your home! 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"It makes sense to leave to us what is important as our core business, and leave them to what is important for their core business." With the partnership, OCF chair Jim Rager said people don't have to choose one organization over the other when establishing a fund. "A lot of people want to contribute to the hospital (and) a lot of people want to contribute to the community foundation," said Rager. "Now they can contribute into the community foundation (and) establish a fund, which would be for the benefit of the hospital and the work we're doing." Both foundations share common donors -- some of those who have contributed money to the hospital foundation are also fundholders at the community foundation, Rager said. "There's a synergy of confidence there that comes out of this so more people are going to listen to the both of us and be interested in what we do," said Rager. Earnings on investments can go wherever the donor wants them to go, which in this case could be the hospital, he said. "We both did a lot of work to come to this place, where we are. We're so proud of the fact that such an important organization as the hospital foundation has enough confidence in us to allow us to manage this money on their behalf," said Rager. Triano says volunteers and donors are doing this for selfless reasons, which add an "element to any collaborative effort that makes it very successful." "I think it meets the needs of the donors and that's what were both about anyway. It meets their needs to have us working together closely and we're hearing them and acting on them," said Triano. "If you change one person, you're changing the world," said Triano For more information, visit www.theocf.org or www.oakvillehospitalfoundation.com. Mississagua Request Your Complimentary Visitor's Pass Now! www.Mississauga.DirectBuy.com V32 905-608-9244