The Hamilton Tiger-Cat Athletic Trust (operating as the Hamilton Athletic Trust) is one of the two Trust established in perpetuity when the Hamilton Tiger-Cat Football Club passed into private.In the
initial Agreement, money and securities were used to set-up the
Hamilton Tiger-Cat Football Trust Fund that was devoted specifically
to supporting amateur football interests in the community. The remaining
surplus ($ 222,429.00 – roughly one half the total surplus)
was relegated to a later creation in 1961 of the Hamilton Tiger-Cat
Athletic Trust Fund. The Athletic Trust exists to serve a broad
spectrum of amateur sports, other than football. Both Funds are
administered independently, and both trusts are administered by
separate board of trustees and exist independent of the football
club. Since 1961, the capital sum of the Athletic Trust has grown
seven-fold while serving 35-50 grant requests annually.
The Mandate
The principle responsibilities set-out in the Athletic Trust Agreement
of 1961 directs the Trustees to:
1. Hold in trust and invest the capital funds at their disposal
with a view toward keeping the principal intact while making available
the yearly earned investment income for charitable purposes, namely,
amateur sport. 2. Invite self-sustaining amateur sport clubs, teams, organizations
and associations to apply on a yearly basis to the Trust for financial
aid in support of their competitive/developmental goals and operating
needs. 3. Assess each application received, and dispense grants
accordingly as the Trustees in their discretion deem fit. The expectation
remains that the above duties shall be performed in a prudent manner,
and dedicated to the cause of “fostering, developing, encouraging,
and assisting” amateur sport in the Hamilton area.
The Trustees
David M. Hector, PEng; C.A. Chairman
Deputy Chief Ken Leenderste, M.O.M.; PESM. B.A.
Greg Maychak, B.P.E.; B.R.L.S.
Don Bridgman, B.P.E.
James S. Cimba, B.A., LL.B.
Sean R. Casey B.Com.,CA,CPA,CIRP.
Trish Chant-Sehl, B.Kin, M.H.K.
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Hamilton Athletic Trust