Osteoporosis Canada’s Program Fund encompasses revenue and expenses related to education, advocacy and awareness, administration and fundraising. It ended the year with a surplus of $86,023. The Program Fund balance at fiscal year-end was $660,926.

The Reserve Fund, set up to mitigate against unexpected situations involving a revenue shortage or unexpected expenses, had a fiscal year end balance of $1,316,787.

The Scientific Activity Fund which provides the funding for projects related to clinical and educational work specific to Bone Health, had a balance of $1,591,675 at the end of the fiscal year.

On behalf of the Board of Directors, I would like to take this opportunity to thank the staff, volunteers, and management of Osteoporosis Canada for their continued commitment to the success of the organization.

Sincerely,