b'PRESIDENTS MESSAGE Our Commitment This past year has been a very successful, yet challenging year for the Shevchenko Foundation (TSF). The impact of the COVID-19 pandemic continued to be felt, as many staples of our community life were again cancelled or changed to comply with the new reality. More recently, the genocidal war in Ukraine unleashed by Russia has justifiably shifted the priorities of the community to an aid effort for Ukrainians in Ukraine and the many displaced in Canada fleeing the war. I am pleased to share with you that TSF effectively responded to these challenges. At our fiscal year-end on March 31, 2022, our investment portfolio increased from 2021 by $4.5M or 9.1% to surpass $54.4M. We proudly supported the projects of 55 organizations and 24 individuals with an allocation of $537,702 in grants and provided over $55,000 in sponsorships of cultural events and community media nationwide. The portfolio also included funds we manage on behalf of other Ukrainian organizations, providing them access to a broader capital pool and professional management to improve their returns, as well as designated funds we distribute in accordance with the direction of specific donors.We are grateful for our donor partnerships that have resulted in successful initiatives in support of community development and inspiring our artists to excel in their craft. The Temerty Foundation stepped up to help the community remain engaged during the pandemic. The Ihnatowycz Family Foundation recognizes our emerging artists through the REACH Mentorship/Residency for the Arts. The Myhal Family Foundation is the driving force behind the Tryzub Awards Gala. We proudly present these initiatives on subsequent pages of this report.Another successful event was the 2022 KOBZAR TMBook Award ceremony with the virtual presentation introducing the award to a broader Canadian audience. The full effect of the February invasion of Ukraine is still uncertain. It will clearly affect our financial position going forward, including donations to the Foundation, as more money is understandably directed to the humanitarian crisis being faced by Ukrainians. But Russias attack on the Ukrainian nation and its culture clearly reinforces the importance of our long-term goals to support a flourishing Ukrainian community and Ukrainian-Canadian culture that further testifies to the resilience and strength of the Ukrainian nation. A heartfelt thank you to our dedicated Directors, Committee members, and Staff who collectively contribute to the Foundations continued success. The road ahead will continue to be challenging as we roll out new programs while redoubling our fundraising efforts to address the growing needs and opportunities in our community.In partnership with you, our generous donors, TSF will continue to steadily build our national endowment funda legacy of the Ukrainian community in Canadafor the benefit of many future generations. Your unwavering support enables us to nurture the development of Ukrainian culture in Canada for a strong community and powerful cultural identity that will never be erased. That remains our commitment to you.Sincerely,Boris Balan President2SHEVCHENKO FOUNDATION ANNUAL REPORT / SHEVCHENKO FOUNDATION ANNUAL REPORT /3'