This year, neighbours donated almost enough money to cover all the operating costs for park maintenance.
As a result, we used little of the income earned by Winnipeg Foundation’s Friends of Peanut Park Fund to cover expenses this year, allowing the remainder of the income to be reinvested in the growth of the fund.
Like all other investment funds, the Winnipeg Foundation Fund experienced market losses this year, as reflected in our balance sheet.
The Winnipeg Foundation’s Friends of Peanut Park Fund stood at $221,558 at fiscal year end as a result of a combination of reinvestment, donations and growth of capital. We are confident the investments chosen by the Winnipeg Foundation will grow in the long run. The income from this fund is designated to pay for the maintenance of the park in the future.