Financial Situation

How we use your donations

Here is a snapshot of our finances. Although MSEP has occasionally received grants from foundations over the years, the project relies on community donors for core support. If you would like to see a complete financial statement showing how funds are raised and spent, please contact us. We are happy to share this information.

Financial Situation in 2019

2019 marked a shift in MSEP’s funding base. Since the end of the Pathy Family Foundation Grant in 2018, MSEP has relied on the project’s activities, charitable donations and donations from community organizations for support. We are extremely grateful that our community, as well as some former volunteers, have come forward to help fill in the gap left by the end of Pathy support. It is evident from the charts below that we are not quite staying even. Excluding dedicated grants to two schools (see below), our project expenditures totaled $33,075 while our revenue came to $30,368. Fortunately, we have some savings! The expenditures chart shows specifically how we used our funds in 2019. Donations to schools account for 61% of our total expenditures. Volunteer support accounted for $14,124 or 26 % of our expenses. If you have any questions or would like further information about our project finances, please contact us. We are proud of our management and happy to respond.

Revenue, 2019

2019 revenue chart: see text below the image for details

Grants and Institutional Donors: $1,900 (4%)
Charitable Donations: $15,811 (31%)
Local Fundraising: $12,657 (24%)
Dedicated Donations for Schools: $21,000 (41%)

Expenditures, 2019

2019 expenditures chart: see text below the image for details

Dedicated Donations to Schools: $22,000 (40%)
MSEP Contributions to Schools & Educational Organizations: $11,781 (21%)
Outreach, Publicity, Fundraising: $4,649 (8%)
Administration: $572 (1%)
Stipends & Project Committee Travel: $1,948 (4%)
Expenses Related to Volunteer Support: $14,125 (26%)

Previous Years

Financial Situation in 2018

2018 marked the third and final year of a grant received from the Pathy Family Foundation in 2016. Thus the pie chart for revenues indicates that this grant provided $15,000 of our revenue last year. Since it has now ended, funds raised by the project’s activities, charitable donations and donations from community organizations have become increasingly important. We are extremely grateful for the response of our community to our fall appeal as reflected in the increase in charitable donations this year. The expenditures chart shows how we used our funds in 2018. $12,500 was given to our six partner schools as MSEP’s annual donation. In addition, a special donation once again enabled us to make a significant targeted contribution to one school. Volunteer support accounted for $17,631 or 30% of our expenses. As you can see, because Project Committee members are all volunteers, we spend little on ourselves! If you have any questions or would like further information about our project finances, please contact us. We are proud of our management and happy to respond.

Revenue, 2018

Note: In 2016, project revenues included a substantial grant of $45,000 from the Pathy Family Foundation to be used over a three year period (2016-2018). Our pie chart for revenue this year shows the last installment of that grant.

2018 revenue chart: see text below the image for details

Pathy Family Foundation Exit Grant: $15,000 (22%)
Other Grants and Institutional Donors: $1,000 (2%)
Charitable Donations: $17,011 (25%)
Local Fundraising: $14,325 (21%)
Dedicated Donations for Schools: $20,000 (30%)

Expenditures, 2018

This year MSEP contributions to schools included $20,000 in targeted funding for schools with special needs.

2018 expenditures chart: see text below the image for details

Dedicated Donations to Schools: $20,000 (34%)
MSEP Contributions to Schools & Educational Organizations: $13,228 (22%)
Outreach, Publicity, Fundraising: $5,987 (10%)
Administration: $548 (1%)
Stipends & Project Committee Travel: $1,624 (3%)
Expenses Related to Volunteer Support: $17,631 (30%)

Financial Situation in 2017

Revenue, 2017

In reporting on MSEP’s financial situaton, we wish to note that in 2016, project revenues included a substantial grant of $45,000 from the Pathy Family Foundaton. As it is to be used over a three year period (2016-2018) our pie chart for revenues indicates that it effectively constituted $15,000 of our revenue for 2017.

2017 revenue chart: see text below the image for details

Pathy Family Foundation Exit Grant: $15,000 (20%)
Other Grants and Institutional Donors: $2,300 (3%)
Charitable Donations: $11,294 (15%)
Local Fundraising: $17,789 (24%)
Dedicated Donations for Schools: $28,753 (38%)

Expenditures, 2017

This year MSEP contributions to schools included $25,800 in targeted funding for schools with special needs.

2017 expenditures chart: see text below the image for details

Dedicated Donations to Schools: $25,800 (39%)
MSEP Contributions to Schools & Educational Organizations: $11,546 (17%)
Outreach, Publicity, Fundraising: $6,251 (9%)
Administration: $619 (1%)
Stipends & Project Committee Travel: $4,951 (7%)
Expenses Related to Volunteer Support: $17,666 (27%)

Donating through the Bishop's Foundation

If you wish to donate to MSEP through Bishop’s University, the Donate Now button will take you to the Bishop’s University Foundation’s site for making donations. Once on the donation page, for the designation, choose “other” from the list of options and then manually type in “Mae Sot”. You can then complete the rest of the form. Your donation to MSEP will be processed through the Bishop’s Foundation. You will automatically receive an e-receipt, and the Foundation will send a thank you card in the mail.

Alternatively, you can donate by cheque through either the Bishop’s Foundation or the Champlain College Foundation at our project address: Box 67, Champlain College – Lennoxville, 2580 College St, Sherbrooke, QC J1M 2K3. Be sure to include the name of the Foundation and MSEP on your cheque.

Thank you very much for your support.