Financial Update

Financial update

In his Financial Report, Zhubin Foundation Treasurer Zygmunt Marcinski reported that since inception just four years ago, The Zhubin Foundation has raised over $900,000 and has distributed $225,000 in grants. As we approach our 5th year we are confident that through generous donor support, prudent long-term investments and modest operating/fundraising expenses (in the order of $8,500/year) the Zhubin Foundation will continue to be in a position to provide meaningful financial assistance to well-managed organizations that provide services of such vital help to Montreal-area families.