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The Calgary Foundation
The Calgary Foundation was established in 1955 by local citizens to create a permanent endowment for community needs. It manages over 1,200 donor-advised and...
The Calgary Foundation
The Calgary Foundation was established in 1955 by local citizens to create a permanent endowment for community needs. It manages over 1,200 donor-advised and designated funds. Eva Friesen has led the organization as President and CEO. The endowment allocates 9.03 percent to private equity with a 12 percent target. Confirmed holdings include limited partner interests in Pomona Capital XI, Crestpoint Real Estate Investments Ltd., I Squared Capital, Stonepeak Partners, GI Partners, and TDR Capital through The Calgary Foundation Investment Trust. The foundation also maintains an impact investment loan portfolio valued at 28 million CAD supporting projects such as HomeSpace and the National Music Centre. Geographic exposure centers on Canada with additional commitments in the United States and Europe. The foundation employs investment advisors including Mawer Investment Management, TD Asset Management, and Phillips Hager & North. It owns the Kahanoff Centre, a two-tower office complex gifted in 2012 by The Kahanoff Foundation that provides space to nonprofits. The organization maintains memberships in Philanthropic Foundations Canada and Imagine Canada. The foundation differs from typical endowments through its ownership of a 100 percent stake in an unnamed for-profit subsidiary and its direct management of a public art installation alongside grantmaking operations.
General information
Firm type
Endowment / Foundation
Year founded
1955
Location
Region
North America
Country
Canada
City
Calgary
Corporate office
1180 - 105 12 Avenue SE, Calgary, Alberta, Canada
Principals
Eva Friesen
President & CEO
Dan Langlois
Vice-President and Chief Investment Officer
Denise Bright
Board Director and Treasurer
Michael Mezei
Board Director
Sector focus
Frequently asked questions
Who runs investment decisions at The Calgary Foundation?
Dan Langlois serves as Vice-President and Chief Investment Officer. External advisors Mawer Investment Management, TD Asset Management, and Phillips Hager & North provide additional support.
Does The Calgary Foundation participate in fund commitments or only direct deals?
The foundation acts as a limited partner in multiple external funds including Pomona Capital XI and vehicles managed by I Squared Capital and Stonepeak Partners.
What asset classes does The Calgary Foundation allocate to?
Allocations include private equity at 9.03 percent current weight, real estate through direct ownership of the Kahanoff Centre, and an impact investment loan portfolio of 28 million CAD.
Where does The Calgary Foundation maintain its primary real estate holdings?
The foundation owns the Kahanoff Centre at 105 12 Avenue SE in Calgary, which provides affordable office space to charitable organizations.
How is The Calgary Foundation related to The Kahanoff Foundation?
The Kahanoff Foundation gifted the Kahanoff Centre and related assets to The Calgary Foundation in 2012.
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