The Icelandic Canadian - 01.11.2007, Page 47

Vol. 61 #2
THE ICELANDIC CANADIAN
89
Icelandic communities. These include:
travel and memorial funds for student
exchanges, academic staff visits, the sesqi-
annual scholarly meetings with the
University of Iceland, provision of special
community lectures, seminars and meet-
ings, special art exhibits in the Dr. Paul H.
T. Thorlakson Gallery in Iceland Reading
Room, support of scholarly publications
and research, and, now, the prestigious
appointment of Guy Maddin as distin-
guished film-make in residence (in cooper-
ation with Film Studies in the Department
of English) - to name only a sampling. In
the Collection, the VIP funds have stabi-
lized the subscriptions to periodicals where
continuity is essential as well as funded ret-
rospective purchases of back issues of peri-
odicals and monographs. The total support
of the Department and Collection still
needs on-going donations from its many
enthusiastic supporters but, be assured, the
level of the overall funding and the struc-
ture of its management now seem to assure
the continuing viability of the Icelandic
Presence.
Because the Trust Fund earnings in
any one year are subject to variations in the
investment market and directly affect the
Current Revenue available for disburse-
ment, the VIP Fund Committee has
deemed it prudent to provide a reserve
against the possibility of a temporary
shortfall below the levels that have sup-
ported on-going initiatives by the
Department and Collection. Therefore, it
has for the past several years deliberately
returned some of the Current Revenue to
the Capitalized Revenue account where it
shares in the Trust Fund growth but is
available for disbursement by the
Committee should the need arise.
As noted in its previous reports, this
Fund is an on-going account within The
University of Manitoba Trust and will con-
tinue to benefit from both further dona-
tions, some of which have been pledged as
part of the VIP Millennium Campaign, and
further returns from the investments of the
Trust. The Committee is pleased once
again to acknowledge publically the semi-
nal role played in the creation of this fund
by the three major donors from Iceland,
namely the Government of Iceland,
Eimskip and the University-Eimskip Fund.
But it also feels most strongly that the com-
munity at large should take great pride in
its own success in establishing this impor-
tant Fund in support of the Icelandic
Presence at the University of Manitoba.
With the continued support of the
community, the future looks bright !
Richard Johnson,
Chair, VIP Fund Committee
•‘:'The Capital figure is the Book Value of the
Trust Find Account at June 30, 2007. This com-
prises the donations actually received to that
date as well as the growth in the invested mon-
eys less all capital expenditures, notably, the
$750,000 to create the new space. The
Capitalized Revenue is the sum (with earnings)
available also in the Trust as a accumulation of
unused moneys in previous years and may be
disbursed along with the Current Revenue.
Pharmacists:
ERNEST STEFANSON
CARRY FEDORCHUK
CLAIRE GILLIS
642-5504
[pSPHARMASAVE
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Centre and Fourth / Gimli, MB / ROC 1 BO