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W H E R E T H E W O R L D M E E T S T H E W E S T

2004/05 ANNUAL REPORT

Sparking Ideas About Cultures & Worlds

Beyond Our Own

Glenbow Museum ANNUAL REPORT 2004/05 1

The past twelve months have seen Glenbow Museum grow and refine its thematic exhibitions, reach out toyoung families, western history aficionados, and the arts community, and significantly revamp its governancestructure. Looking back we have worked hard to share in Calgary's growing prosperity, and to reflect the wayCalgarians view their world and their place in it. Simply put - Glenbow is in synch with Calgary, and expandingour capacity to tell the stories our visitors want to hear.

Glenbow Museum finished the fiscal year 2004-05 with some strong achievements linked to the six goals of our2000-2005 Strategic Road Map. Chief of these was the substantive completion of the Goal 1 fundraisingcampaign for Mavericks: An Incorrigible History of Alberta. This new gallery will dominate Glenbow’s thirdfloor and open in the spring of 2007. At year’s end we had received $4 million from the ProvincialGovernment. We are very optimistic that we will receive a further $5 million from the Federal Government.Our community campaign is going well and we are confident that we will receive a further $2million from the private sector. This effort represents Glenbow’s largest ever capital campaign, and will enable us to doubleour school program capacity when the new gallery opens.

In the quest for increased attendance to our second floor thematic exhibitions, Goal 2 of our Road Map, we drewa total museum attendance of over 160,000 in 2004-05, an increase of over five thousand the prior year.Four significant shows contributed to this growth: The Mysterious Bog People, (presented by AIM Trimark)closed its seven month run on May 24, 2004; Capturing Western Legends: Russell and Remington’s CanadianFrontier, (presented by Norrep Funds Hesperian Capital Management Ltd.) ran from June 19 to October 11;Rodin: A Magnificent Obsession, Sculpture from the Iris and B. Gerald Cantor Foundation, (presented by TheAmerican Express Foundation) ran from October 30 to January 30, 2005; and Our River: Journey of the Bow(presented by Enbridge Inc.) flowed from February 19 to June 5, 2005. Each of these exhibitions continuedbuilding on our vision: to be where the world meets the west. In this way the Bog People and Rodin camefrom the outside world to Calgary; conversely, Russell and Remington and the Bow gave the best of southernAlberta to our visitors. The Glenbow illustrated its cultural bridging function in all four shows, challenging our visitors to see the history of Alberta in global terms, and the history of the globe through our Alberta lens.Eric Harvie, our entrepreneurial and eclectic collecting founder, expected exactly this from Glenbow when he conceptualized the museum’s mission forty years ago. He wanted us to be Calgary’s lay university.

Our Goal 3 is designed to give our staff the incentive to research and publish, and often finds expression in Glenbow publications. This past year saw the production of The Bow: Living with a River, with essays byGerald T. Conaty, Daryl Betenia and Catharine Mastin. The book continues our successful string of collaborationswith Key Porter Books of Toronto, and has performed well in bookstores across the west.

Glenbow’s Collection Goal (no. 4) was well served by the ongoing superb curatorial and conservation care provided by our Collections staff. A $748,000 Infrastructure Canada-Alberta Program grant allowed us to undertake a major collections storage upgrade for Cultural History. We also undertook significant deaccessioning of Grade 4 (not of museum quality or outside of our core mandate) material was successfullyundertaken in Calgary and New York with the Province of Alberta’s authorization.

We exceeded our $2 million operations revenue fundraising goal (no.5), continuing our reputation as one of Canada’s most entrepreneurial museums. Long-time Glenbow supporters will already know that we receivejust over 30 percent of operating revenues from governments, in a country where the national norm for institutions of our size is in the range of 50 to 90 percent.

Chair’s and President’s Message

Glenbow Museum is one of Canada’s

most entrepreneurial museums. Through

a variety of dynamic and changing

exhibitions and programs along with

a broad collection of art, artifacts, and

historical documents, Glenbow Museum

builds on a commitment to preserve

western heritage while simultaneously

providing visitors with a glimpse

of the world beyond.

1 Chair’s and President’s Message

8 Highlights from 2004/05

14 Support

17 Financial Review

32 Board of Governors

iv Current and Upcoming Exhibitions

This annual report reflects Glenbow Museum’s fiscal year April 1, 2004 to March 31, 2005.Background image: Boys fishing the Bow River near Centre Street Bridge, Calgary, 1971 Photographer: The Calgary Herald; Glenbow Archives NA-2864-19152

Glenbow Museum began when petroleumentrepreneur and lawyerEric Lafferty Harvie discovered oil in 1947 in Leduc on land to which he held the mineralrights. With his newfoundprosperity, he decided to pursue his favourite passion — collecting —and simultaneously returnsome of his good fortuneback to the region thathad been so generous

to him. Mr. Harvie's goal was to collect objectsrepresenting the history and culture of WesternCanada as well as from around the world. Aftermany years of travel and collecting, Mr. Harvieamassed a huge museum collection which includedan extensive collection of artifacts from NorthAmerica including Aboriginal peoples, frontierexploration, and the development of western life.He complemented this collection with extraordinaryartifacts and art from Asia, West Africa, South America, and islands in the Pacific.

In 1966, Eric Harvie and his family donated hisimpressive collection of art, artifacts, and historicaldocuments to the people of Alberta. Today, Eric Harvie’s vision of Where the World Meets the West continues, as Glenbow Museum invites visitors to explore three major special exhibitionsannually, and an eclectic range of permanent galleries featuring significant Western Canadianand international collections.

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Portrait image: John Gilroy, Untitled [Portrait of Eric Harvie]. Collection of Tim Harvie.

2 Glenbow Museum ANNUAL REPORT 2004/05 Glenbow Museum ANNUAL REPORT 2004 3

Our local, national and international profile has continued to grow (Goal 6) during the year as a result of all of the above initiatives, augmented by travelling exhibits, op-ed contributions by the C.E.O., and a steadyflow of positive responses for loan requests and the provision of high quality research support services byGlenbow’s Library and Archives.

Overall we have made a significant contribution to life-long learning during the last 12 months, reaching nearly40,000 school children, and inspiring repeat visitation by family members and friends alike. We understandthat a positive first visit to a museum can literally chart a career. Stephen Jay Gould, the Harvard professorwho wrote so brilliantly about the geologic record of species evolution and British Columbia’s Burgess Shalefossil beds kindled his interest at the age of 5 when his father took him to the American Museum of NaturalHistory. As soon as the little boy saw a Tyrannosaurus Rex in the lobby he was hooked for life. Whether thefirst visit to a museum sparks a career path, or simply develops a life-long interest in the arts and culture, weat Glenbow consciously work to ensure that our exhibitions and programs evoke these kinds of responses.

Today as we consider Glenbow Museum’s role in Canada’s cultural community, and the founder’s dream for themuseum, we are convinced that our programs and business model are well linked. This past year has seen a Boardinitiated revamp of our standing committee structure, adding both a Collections and a Governance committeeto the existing Development and Audit/Investment committees. Executive Committee has been disbanded,and all Glenbow Governors now have at least one standing committee assignment. From time to time ad hoccommittees are formed to deal with issues such as endowment fund policy, renegotiation of the Provincialcontract for services, or the review and approval of labour collective agreements. A clear distinction has beenmaintained between the strategic oversight function of the board and the duties of management. The finalproduct of the new governance model and the synergies it creates is both sustainability for Glenbow and life-long learning opportunities for our public. We aim to be the kind of museum that you just cannot stop visiting.

Ian BourneBOARD CHAIR

Michael P. RobinsonPRESIDENT & CHIEF EXECUTIVE OFFICER

Let the magic of your mind enlighten you.

4 Glenbow Museum ANNUAL REPORT 2004/05 Glenbow Museum ANNUAL REPORT 2004/05 5

Embracing ideas and cultural understanding

Inspiring life-long learning

“I think a museum is a wonderful Christmas morning with family and friends…And if you quickly rip open the present, find out what’s in it, throw it to the groundand go for the next one, you’re a nodder. But if you open it slowly, piece by piece,loving the wrapping, loving the ribbon, loving the card, you’re looking at it deeplyand searching for the spirit. So that’s what I think a museum is.”

Leanne, grade five

Children are innately curious. They are eager to exploreand learn about themselves, and the world around them.Museums offer endless opportunities to encourage childrento observe, explore, hypothesize, and create as they developtheir own interpretations and concepts. At Glenbow Museum,hands-on exploration and discovery, both in the classroomand the museum, offer a chance to construct knowledgefrom personal experience.

But museums aren’t just for kids. At Glenbow each personleaves the museum with an experience that is uniquelytheirs. We provide the content and context to stimulatethought but it’s an individual’s creativity and spirit thatbring the museum walls to life. Our museum educatorsencourage their students to look deeply using all of theirsenses when looking at an artwork or artifact. And oureducators also say that often adults become “nodders”,simply looking at an artwork for mere seconds, noddingtheir head in appreciation, and moving on to the nextpiece. But “nodders” aren’t really looking and thinkingdeeply about the work. They’re just skimming the surface.

As one of the grade five Museum School students explained,“A museum is a crystal ball. When you are walking past,being a nodder, it looks like an ordinary glass ball. If youlook at it deeply with your five senses, you can see thehistory in it and also what they are doing today.”

At Glenbow, we often learn more about ourselves byviewing the world through children’s eyes and hearts.When was the last time you truly let the magic of yourmind enlighten you? Do the drums in our West Africangallery bring out your musical side? Did you smell theflowers and the water from a painting featured in Our River: Journey of the Bow? What sounds do you hear when looking at the ship in the Warriors gallery?Does the sight of a canoe make you think of the call of a loon? Can you feel the sense of peace andfriendship within our Asian gallery? Next time youvisit Glenbow, take the time to truly look at the art and artifacts. It will open up a whole new world that will capture your imagination.

Top left image: Dorothy Knowles, Reflections on the Bow River, 1991, Acrylic on canvas,Collection of Glenbow Museum.

Glenbow Museum ANNUAL REPORT 2004/05 76 Glenbow Museum ANNUAL REPORT 2004/05

“Five year olds throw the word “Glenbow” around in conversation like “Spider-Man” and “SpongeBobSquarePants”, says Rhonda McLean, Kindergarten teacherat W. H. Cushing Workplace School in downtown Calgary.By the end of the 2004/05 school year, this kindergartenclass visited Glenbow six times participating in the popularschool program, “There is Magic in my House”, visitingthe Our River: Journey of the Bow exhibition four times,and creating their own artistic creations in The DiscoveryRoom. Following tours with Glenbow’s Senior Curator ofEthnology, Dr. Gerald Conaty, these kindergarten studentsreturned to their classroom wanting to “ask Gerry” everytime they came up with a question about the river.

In all of Glenbow’s school programming initiatives, curators,collection technicians, writers, and researchers lead thestudents carefully through some of the museum’s mostfascinating collections providing activities that engage the students’ busy hands and minds. Through these experiences, children are taught to be critical viewers andthinkers – skills they will draw upon throughout their lives.

Each year approximately 40,000 students come throughGlenbow’s doors. We hear of young students having somuch fun at Glenbow that they brought their familiesback for a visit on the weekend. We also hear stories fromeducators where students are truly impacted by their visitto the museum such as the young boy suffering from language and thought-processing deficits who sat himselfdown in the lotus position for twenty minutes in front ofthe large Buddha in the Many Faces, Many Paths: Art of Asiagallery. Through this form of non-verbal communication, it was apparent that this golden sculpture spoke to him. In a world of fast-paced images and technologies, twentyminutes of stationary thought for any child is incrediblysignificant. Another example comes from a student whoseenergy, curiosity, and perhaps even defiance, made themwander away from their class group during another fieldtrip. When asked by his teacher if he would have the samedesire for flight at the museum, he responded with surpriseand disgust, that he “really didn’t think so, there are toomany interesting things to do at the Glenbow, I won’thave time to run off.”

The Spirit of Students

…we strive to offer exhibitions and programs that spark an interest

in past moments in time, new cultures,and other worlds beyond our own.

According to grade five teacher Judy Dofoo fromCambrian Heights School, “the art and artifacts atGlenbow are a microcosm of the world and all that is in it.That’s why the museum is such an ideal place for childrento further explore the multi-hued and multi-textured fabricof a culture.” She has brought her class to Museum Schoolmany times, widening her students’ eyes to a few of theapproximately 95% of the museum’s collections hiddenaway in storage.

At Glenbow Museum, hands-on exploration and discovery,both in the museum and through outreach programs atschools, offer a chance to construct knowledge from personalexperience. It’s in this learning environment called Glenbowwhere students can access a wealth of ideas to enrich theprocess of getting to know who they are and the worldaround them. And while we know we don’t impact everystudent in the same way, we strive to offer exhibitions and programs that spark an interest in past moments in time, new cultures, and other worlds beyond our own.


HIGHLIGHTS 2004/05

The Mysterious Bog People

October 18, 2003 to May 24, 2004

Over 110,000 visitors examined the ancient Europeanremains and over 400 artifacts in The Mysterious BogPeople exhibition at Glenbow. As one of only twoCanadian venues for this exhibition, Glenbow was also the creator behind the very successful BSI: Bog ScienceInvestigation program inviting students and the generalpublic to take on the role of forensic scientist as theyinvestigated a hypothetical body found in a bog. BSI welcomed over 45,000 visitors and 200 school programsduring the exhibition’s run, and was sold to theInternational Bog Team marking the first time thatGlenbow Museum programming has been developed and sold as a component in a major travelling exhibition.The Mysterious Bog People is a unique partnership withthe Niedersachsisches Landesmuseum in Hannover,Germany; the Drents Museum in Assen, The Netherlands;the Canadian Museum of Civilization in Gatineau, Quebec, and Glenbow Museum in Calgary.

Capturing Western Legends: Russell and Remington’s Canadian FrontierJune 19, 2004 to October 11, 2004

Capturing Western Legends was an exciting explorationof the people, places, and events that shaped southernAlberta. Through the eyes of the great western artists,Charles M. Russell and Frederic Remington, curated byLorain Lounsberry and Monique Westra, this exhibition provided an unique opportunity to see the original imagesthat helped shape the west portrayed in popular culturefrom TV westerns of the 1960s and Hollywood films. Visitors were fascinated to learn about fakes and forgeriesby examining Warrior’s Return, purchased by Glenbowover 40 years ago as an original Remington. Long consideredone of Glenbow’s treasures, this painting was extensivelyresearched and examined only to discover it was not anoriginal Remington at all! A “Fakes” exhibit was developedto share this fascinating story with Glenbow visitors.Audiences also wrangled up seats to see excerpts of classicHollywood westerns and met the late Charlie Russell playedby a character actor giving a fascinating glimpse of Charlie’slife behind-the-canvas.

Rodin: A Magnificent Obsession, Sculpture from the Iris and B. Gerald Cantor FoundationOctober 30, 2004 to January 30, 2005

For the first time in Calgary, Glenbow Museum presentedthe famous sculptures of Auguste Rodin, one of the mostimportant sculptors of the 19th century. Glenbow welcomedenthusiastic crowds to the Rodin exhibition, and due topopular demand, extended museum hours to midnight onthe closing weekend. Working in partnership with AlbertaBallet, Glenbow produced the very popular Ballet in Bronze,an original dance presentation choreographed by SabrinaMatthews, which sold out for all four performances. Otherinnovative programming initiatives included a first-everFrench character actor of Camille Claudel who performedalongside the English-speaking Rodin character actor, soldout curatorial tours with Glenbow art curator MoniqueWestra, and Rodin biographer Ruth Butler.

Glenbow also took the opportunity to examine figurativesculpture with the startlingly realistic works of Evan Pennyin Evan Penny: Absolutely Unreal, and Malvina Hoffman:From the Heart, featuring works by Hoffman, a pupil andfriend of Rodin’s, and American sculptor in her own right.

Our River: Journey of the Bow

February 19, 2005 to June 5, 2005

In celebration of Alberta’s Centennial, Glenbow was pleasedto share the story of how the Bow River has helped shapeand define our region from geological, cultural, historical,and artistic perspectives. Visitors were able to look at theBow River as a source of spiritual inspiration for manyartists and cultures; but also to learn that it is one of themost heavily engineered rivers in Canada, supporting onethird of Alberta’s total population base. Glenbow produceda book with Key Porter Press, The Bow: Living with a River,to accompany the exhibition, written by Glenbow’s seniorcurator of ethnology, Gerald Conaty, PhD, with essays bysenior art curator Catharine Mastin and project managerDaryl Betenia. And Glenbow’s unique community membershipwith the W.H. Cushing Workplace School welcomed thetalented works of students from kindergarten to gradethree who developed postcards representing their views of the Bow River. These cards were displayed and distributedthroughout the museum.

Exhibition Total Attendance Statistics at GlenbowThe Mysterious Bog People 110,614 Capturing Western Legends 39,229

HIGHLIGHTS 2004/05Special Exhibitions

Rodin: A Magnificent Obsession 49,366 Our River: Journey of the Bow 39,658

Above: Charles M. Russell, The Wolves (detail), (previously titled

“George Lane Attacked by Wolves in 1886”), 1914, Glenbow Museum

Below: Auguste

Rodin, The Kiss

(detail), c.1881-

82, date of cast

unknown. Bronze.

Background:

Auguste Rodin,

The Ring

(La Ronde), (detail),

c.1883. Engraving.

Iris and B. Gerald

Cantor Foundation.

Bow River postcards created by students at W.H. Cushing Workplace SchoolAbove: Bog People products. Middle: Stetson Hat, Montana Peak Style,

ca. 1900 Glenbow Museum

Above: Evan Penny, Self-portrait, 2000, epoxy,

resin, pigment, hair. Courtesy of the artist.

Glenbow Museum ANNUAL REPORT 2004/05 1110 Glenbow Museum ANNUAL REPORT 2004/05

From historical photographs of grain elevators to an exhibit on fakes, Glenbow shared its unique stories of Western Canada with audiences throughout North America in 2004/05.

School Programs

• Museum School welcomed 985 students, teachers, and teaching assistants during the past school year. Of significant interest was the week-long visit of a deafand hard-of-hearing class from Stanley Jones ElementarySchool. In additional to their hearing impairments, manyof these students were learning English as a second language. While this led to many new challenges forour educators including learning how to adapt theirteaching styles for students who lip read and usingmicrophones with various channels, Museum SchoolCoordinator Michele Gallant led her team to create a very specialized Museum School experience.

• Glenbow Museum welcomed 39,178 students this year.The coming year welcomes new challenges as Glenbowcloses our third floor Alberta history galleries for renovations for the new permanent gallery, Mavericks:An Incorrigible History of Alberta scheduled to open in 2007.Glenbow has developed innovative outreach programsto ensure we maintain our reputation and ability to deliverhands-on quality programs during the renovation period.

Family & Youth Programs

• The Discovery Room welcomed 28,494 visitors; an average of 78 people a day.

• Family Fun Weekends attracted 4,813 people to thispopular drop-in program offered on Saturdays andSundays from 1:00-4:00 p.m. This was an average of 120 per weekend program.

• Discoveries Big & Small hosted 146 participants in thisprogram designed to meet the needs of homeschoolers.

• Seventy-five children ages 8 to 13 participated inGlenbow Sketch Club, a drop-in program from February 19 to March 26 which was offered as an older option to Family Fun Weekends. This program will be a registered program beginning in fall 2005.

Adult Programs

• Glenbow offered seven After Hours programs whichdrew a total attendance of 1,822.

• Terrific Tuesdays Talks welcomed 2,362 to this very popular lecture-style program aimed at seniors.

Special Events

• Glenbow Museum and Alberta Ballet co-presented an original program of dance inspired by the work of Auguste Rodin on December 11, 12 & 13, 2005. This performance entitled Ballet in Bronze was choreographed by Alberta Ballet’s Sabrina Matthewswith audiences totalling 795 people for the four performances.

• Glenbow art curator Monique Westra offered Up Close and Personal with Rodin, an exclusive evening tour sharingher in-depth knowledge of Rodin in this entertaining twohour gallery experience. A third tour was added due topopular demand totalling 99 people for the three tours.

• Over 150 people attended Reconsidering Realism: A Panel Discussion Surrounding the Works of Evan Pennyon opening weekend of October 30, 2005. Moderatedby nationally acclaimed art critic Nancy Tousley, this panelexamining contemporary sculpture included renownedartists Evan Penny (Toronto), David Clark (Halifax), Chris Cran (Calgary), and Eric Cameron (Calgary).

• A full house in Glenbow’s theatre welcomed renownedRodin biographer Ruth Butler as she discussed her bookRodin: The Shape of Genius on Saturday, January 22,2005. Two hundred and twenty-five people explored the dynamic and passionate life and work of AugusteRodin. This lecture was presented in collaboration withAlliance Française.

HIGHLIGHTS 2004/05 HIGHLIGHTS 2004/05

Echoes from the Dust: The Disappearing Prairie Grain Elevator

One hundred and thirty thousand people were able see howthe disappearance of these familiar wooden structures has hada profound influence on the rural prairie. This exhibit of black andwhite photographs and artifacts of historical grain elevators hastravelled throughout various communities across the West. Duringits major renovations, the Galt Museum in Lethbridge introduced“Galt at the Mall” displaying exhibits at Lethbridge’s major ParkPlace Mall. Approximately 100,000 mall visitors saw Echoesfrom the Dust displayed at Park Place this past winter/spring.

Feb. 28 - April 25, 2004 • Estevan Art Gallery and Museum, Estevan, SK

May 29 - July 25, 2004 • Langley Centennial Museum, Fort Langley, BC

Aug. 28 - Oct. 24, 2004 • Grande Prairie Museum, Grande Prairie, AB

Nov. 13 - Jan. 9, 2005 • Glenbow Museum

Feb. 11 - April 24, 2005 • Galt at the Mall, Park Place Mall, Lethbridge, AB

June 17 - Sept. 5, 2005 • Vancouver Museum, Vancouver, BC

Nitsitapiisinni: The Blackfoot Way of Life

Nitsitapiisinni welcomed over 20,000 visitors while on displayat the Museum of Science and Industry, Manchester, UK andnearly 18,000 at the Canadian Museum of Civilization inGatineau, Quebec. Combined with the 87,000 visitors whosaw this successful touring exhibit at the Kunsthal in theNetherlands, the stories of the Blackfoot were shared withover 125,000 people. Like the permanent gallery at Glenbow,the travelling exhibition presents the Blackfoot story from theBlackfoot point of view – building on a 15 year collaborationbetween Glenbow Museum and the Blackfoot people.

Jan. 30 - June 6, 2004 • Museum of Science and Industry, Manchester, UK

Oct. 7, 2004 - Feb. 13, 2005 • Canadian Museum of Civilization, Gatineau, QC.,

50s Forever

Going back to the origins of the suburban home featuringlife-sized rooms of authentic 1950s furniture, décor, clothes,toys, and music, over 17,000 people in Manitoba haveenjoyed this fun and nostalgic trip back in time.

April 3 – July 3, 2004 • Manitoba Museum, Winnipeg, MB

Oct. 22 – Jan 15, 2006 • Medicine Hat Museum, Medicine Hat, AB

May 1 – Sept.15, 2006 • Sir Alexander Galt Museum, Lethbridge, AB

Capturing Western Legends

For the first time the works of great American western artistsCharles M. Russell and Frederic Remington were examinedfrom a Canadian perspective. Both Russell and Remingtonspent time in southern Alberta painting what became the legendary tales and spirited personalities synonymous with the Canadian West. The success of this exhibition in Calgaryin summer 2004 has been matched by the great enthusiasmof our American counterparts with thousands of people seeingthe exhibition in both Kentucky and Texas. The “Fakes” exhibit,developed once Glenbow learned that its prized painting,Warrior’s Return by Frederic Remington, acquired nearly fortyyears ago, was not in fact an original Remington, became a key component of this travelling exhibition.

Feb. 5 – May 8, 2005 • Speed Museum, Louisville, Kentucky

May 26 – Aug. 21, 2005 • Panhandle Plains, Canyon, Texas

In Focus: Photographing the Alberta andMontana Frontier, 1870-1930

Featuring 32 framed historic photographs of sweepinglandscapes, impressive wildlife, bold people, and stirringevents over 1,200 people have revisited this romanticvision of the disappearing western frontier. Difficult as itwas, photography from this frontier period was ofteninformative and artistic.

March 11 – May 14, 2005 • Courtenay and District Museum, Courtenay, B.C.

Sept. 15, 2005 – Jan. 15, 2006 • The Museum of Western Art, Kerrville Texas

Arctic Life: Lomen Brothers Photography

Thousands of people at Park Place Mall in Lethbridgeexamined 33 framed historic photographs of striking Inuitportraits, studies of Inuit life, reindeer herding, and the cityof Nome in Alaska. This exhibit gives a very small sampleof the many images that the adventurous Lomen Brotherstook in the vast north around the turn of the last century.

May 2 – Aug. 12, 2005 • Galt at the Mall, Park Place Mall, Lethbridge, AB

Feb. 1 – May 31, 2006 • Prince of Wales Northern Heritage Centre,Yellowknife, NWT

Travelling Exhibitions Programming Highlights


• 160,927 visitors in 2004-2005

• Saturday, January 29, 2005 during Rodin: A Magnificent Obsession drew the highest daily attendance with 2,975 visitors (Glenbow stayed open for extended hours for the closing weekend (from 9:00 a.m. to midnight.)

• 985 students participated in the ChevronTexaco Open Minds Museum School for a total number of 184 programs

• 39,178* students attended Glenbow Museum school programs during the 2004/05 school year

• 389 teacher workshops were delivered

• 300 volunteers contributed in excess of 17,000 of hours (not including volunteer hours for Glenbow’s Board of Governors)

• 253 gifts of cultural property were donated to Glenbow Museum with a value of $10,077,855

• 25 new purchases valued at $102,362 were added to the collections* This number includes teachers, teaching assistants, school volunteers,

and student teachers and a preparatory outreach program.

Attendance at Glenbow Museum

Paid AdmissionsGeneral attendance 81,221Glenbow members 17,785Group visits 3,428School programs* 39,178Museum School* 985Special events 3,141

Total Paid Admissions 144,753* 39,178 indicates numbers from PED including Museum School numbers each dayteacher workshops, One Day School, Museokits, and Extended Learning. The 985 participants in Museum School are included in the School Programs total.

Non-Paid AdmissionsLibrary & Archives 3,059Other non-paid admissions 13,115

Total Non-Paid Admissions 16,174

Grand Total Admissions 160,927

Attendance for Travelling Exhibitions

Arctic Life: Lomen Brothers Photography 100,000*Capturing Western Legends 16,500*Echoes from the Dust 148,000*Fifties Forever 17,301In Focus: Photographing the Alberta

and Montana Frontier, 1870-1930 1,226Nitsitapiisinni: The Blackfoot Way of Life 39,746

TOTAL 322,773** This number is approximate.

Library & Archives Statistics

Phone enquiries 3,067Fax enquiries 39Mail enquiries 182Email enquiries 2,467In-person visits 3,059On-line research queries in

Library & Archives databases 35,000*

TOTAL 43,814** This number is approximate.

Glenbow Museum Revenue

Fundraising $ 3,099,725 25%Government of Alberta 2,738,000 22%Investment Income 2,407,562 20%City of Calgary 1,478,338 12%Commercial Activities 1,314,369 11%Admissions & Memberships 1,181,224 10%

TOTAL $ 12,219,218

Glenbow Museum Expenditure

Core services $ 3,706,427 30%Program & exhibit development 2,394,772 20%Commercial activities & fundraising 1,877,647 15%Building maintenance 1,522,037 13%Collections management 1,235,750 10%Depreciation & amortization 854,329 7%Library & Archives 606,284 5%

TOTAL $ 12,197,246The Revenue and Expenditure numbers include gifts-in-kind as well asamounts recognized in the financial reporting.

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New storage for nearly 27,500 artifacts in Cultural HistoryImagine building a closet for over 27,000 pieces of clothing, accessories, toys, and sports equipment!That’s exactly what Glenbow Museum did over the past two years. With the financial support of Infrastructure Canada-Alberta Program (ICAP),Glenbow overhauled its storage areas on the 7th floor for part of the Cultural History collections. The first phase, which is now complete, consisted of approximately 700 rolled textiles, 12,000 pieces of clothing and accessories, and 5,000 societal artifacts. The second phase, completed at the end of August 2005, consisted of approximately 2,400recreational accessories such as toys and sportsequipment, 1,100 Calgary Stampede collections,1,400 other saddles and accessories, 1,400 dolls and accessories, and 3,500 personal accessories.

In preparation for the project, large industrial objectswere moved from the 7th floor to the off-site ware-house temporarily, creating an on-site swing spacelarge enough to hold the collections from one phaseto another. The collections were then moved out of their storage area into the swing space and thesurrounding collections were protected while theoriginal wooden cupboards were replaced with newcompact storage facilities. The collections were thenreturned to the new storage; each artifact with a newmount and bar-coded with identity tags for accurateinventory purposes. Led by Collections Technicianand Project Supervisor Camille Owens, the teamincluded four technicians and two mount makersworking closely with the curators and other technicians to complete this enormous task.

BEFORE

AFTER

HIGHLIGHTS 2004/05 HIGHLIGHTS 2004/05ICAP Highlights Facts and Figures

Glenbow Museum ANNUAL REPORT 2004/05 15

Acknowledgements of Support

14 Glenbow Museum ANNUAL REPORT 2004/05

Government of Canada

At the federal level, Glenbow Museum holds strong tieswith the Canadian Heritage Ministry. Under the CanadianHeritage umbrella, agencies such as Canada Council,Museums Assistance Program, Virtual Museum of Canada,and other grant programs support special projects, operations,and capital initiatives. The Government of Canada,administered by Western Economic DiversificationCanada, has also contributed to Glenbow’s major projects,including the development of the new permanentMavericks Gallery.

Province of Alberta

Glenbow Museum and the Province of Alberta haveenjoyed a 39-year relationship that dates back to the Museum’s creation by an act of the Legislature. From a $5 million initial legacy contribution in 1966, the Province, represented by the Ministry of CommunityDevelopment, continues its relationship with Glenbowtoday through a fee-for-service agreement for curatorialcare, maintenance, and access to the collections.Community Development, as well as several otherMinistries, also support Glenbow’s initiatives.

The Province’s most recent contribution to the developmentof the new permanent gallery, Mavericks, is a legacy giftin celebration of Alberta’s Centennial.

City of Calgary

The City of Calgary has also been a longstanding supporterof Glenbow. Clean offices and exhibit floors, light andheat are but a small part of the janitorial, maintenanceand utility services the City provides at no cost through the Telus Convention Centre. The City has been donatingits services since Glenbow Museum moved into its currentbuilding in 1976. The Glenbow Centre, as the building isknown, houses Glenbow’s operations including temporaryand permanent exhibits, collections storage facilities, andadministrative offices. The Glenbow Centre is leased to theCity by the Province for a nominal amount of $1 per year.The City also supports Glenbow operations through theCalgary Region Arts Foundation.

Glenbow Museum salutes the City of Calgary, Province of Alberta, and the Government of Canada. Together theircommitment and support have helped transform Glenbowinto a premier western cultural institution that reaches outto local, national, and international audiences.

Glenbow Museum is one of Canada’s most entrepreneurial museums generating nearly70% of its revenue from fundraising, sponsorships, and admissions but we continue to maintain strong relationships with the three levels of government who play ongoingroles in Glenbow’s operations.

Glenbow Museum relies on community participation to achieve excellence in its exhibitions,programs, event and services. We receive meaningful support from our members, donors,volunteers, and other partners. Glenbow is proud to acknowledge the significant contributionsmade by the following supporters over the past year:

Benefactor – ($100,000 + )

AIM Trimark Investments

American Express Foundation in Canada

Bumper Development Corp. Ltd.

The Calgary Herald

Calgary Region Arts Foundation

Canadian Heritage, Canadian Arts and Heritage Sustainability Program

Canadian Heritage, Canadian CultureOnline Program

CBC/Radio-Canada

Chevron Canada Resources

Enbridge Inc.

Infrastructure Canada – Alberta Program

Patron – ($50,000 – $99,999)

Alberta Gaming Community Initiatives Program

BP Canada Energy Company

Burlington Resources Canada Ltd.

Devon Canada Corporation

Hyatt Regency Calgary

Nexen Inc.

Pattison Outdoor Inc.

Joan Snyder

Trico Homes Inc.

Lead Donor – ($25,000 – $49,999)

Anonymous

Eleanor Bond

Canada Council for the Arts

Ann Cross

Great West Life Assurance Company

Hesperian Capital Management Ltd./Norrep Funds

Masters Gallery Ltd.

Barbara McMorland

Petro-Canada

Precision Drilling Corporation

Art Schwartz

Virtual Museum of Canada

Major Donor – ($10,000 – $24,999)

Anonymous

Alberta Environment

Anadarko Canada Corporation Ltd.

ARC Financial

Irene & William Bell

Leslie & David Bissett

Communication Canada

Chris Cran

Pauline & Hugh Dempsey

William Gathorne Burns

Cheryl Gottselig

Gowling Lafleur Henderson LLP

Imperial Oil Foundation

Imperial Tobacco Canada Limited

Angus McNee

The New Sun Fund at The Calgary Foundation

Randal L. Oliver

The Rozsa Foundation

Mary & Richard Shaw

Sundog Printing Ltd.

Total E&P Canada Ltd.

Pioneer – ($5,000 – $9,999)

Anonymous

Alberta Museums Association

ARC Resources Ltd.

Avenue Magazine

Ruth Barker

Jan & Ron Brenneman

Calgary International Film Festival

Calgary Public Library

Canadian Heritage, Museums Assistance Program

Cascades

Laurel & Rob Chad

Estate of Stu Hart

Evamy Family Flowthrough Fund at The Calgary Foundation

Lynn & Richard Grafton

Jim Hall

Susan Healy

Victoria Henry

Joe Konrad Continuous Contribution Fund

George Mihalcheon

Julie Oakes

Gail & David O'Brien

Osler Hoskin & Harcourt

Nancy Pencer

RBC Foundation

Travel Alberta

Joan Tronningsdal

TUSK Energy Inc.

Viacom Outdoors

Where Calgary

Partner – ($2,500 – $4,999)

Anonymous

Baytex Energy Trust

Margaret Brodylo

Burnet, Duckworth & Palmer

Gertrude & Martin Cohos

Copyzone

Jocelyne Daw & Robert Page

Alison & Ken Delf

Mary Ann & Don Cormack (Devonian Foundation)

Rick Ducommun

M.G. Eaton & Kim Kertland

Enmax Energy Corporation

Estate of Luke Lindoe

Investors Group

MacEwan Family Charity Fund at The Calgary Foundation

Margaret & Ted Newall

Tim O’Connor

Doreen Orman

Pirie Foundation

Diana & Ted Rozsa

Muriel Tassie

The Ranchmen’s Club

Waterous & Co

Lynn Webster & Michael Robinson

Trailblazer – ($1,000 – $2,499)

Anonymous

Barry R. Aldred

Terry Allen & Rhys Renouf

Elizabeth & Robert Andrews

Alex Archila

Rosemary & Miles G. Atkinson

Barbara J. Baker

Meme & Edward G. Battle

Wade Becker

Desiree & Dan Belot

Jenny & Hy Belzberg

Blakes, Cassels & Graydon

Heather & Ian Bourne

Brawn Foundation

Brewster Transportation

Carol Brisbin & Gilles DesRosiers

Pauline Brown

Josie & Kenneth Bruce

Sally Burkell

Calgary Ski Club

Donna & Delton Campbell

CIBC Mellon

Citibank Canada

Ziva & Noah Cohen

Karen & Lauchlan Currie

Joanne Cuthbertson & Charles Fischer

Joanne & Jack Davis

Rita & Edwin Dodge

Dora Lam Professional Corporation

Bonnie & Arthur Dumont

Michael Dutczak

Jane & Glen Edwards

EllisDon Construction Services Inc.

Fast Forward

Stephanie & Brian Felesky

Claudia & Randy Findlay

FirstEnergy Capital Corp.

Franklin Foster

Fraser Milner Casgrain

Annie & David Freeze

Eleanor & Cos Gabriele

Bernadette Geronazzo & Cody Slater

Colin Glassco

Marg & Wilf Gobert

Joan & Don Greenfield

Joy Harvie Maclaren & Don Maclaren

Robin Harvie

John R. Hemstock

Gail A. Hinchliffe

Julia & John Homan

Virginia & Alan Hunter

Carolyn & Larry Hursh

Terri Illingworth & Robert Wilkinson

Edward A. Johnson

Kent Jones

Phyllis Kane & William Pepler

Jessie E. Kerfoot

Phyllis Konrad

Judy Lawton & Stuart Miller

Pauline & Edmond Lee

Kelly Leech

Marjorie & Francis Lefaivre

Tanis & Robert Lefroy

Dorothy & M. Earl Lomas

Jeanne & Peter Lougheed

Cynthia & A. Webster Macdonald

Lori Macdonald & John McConnell

L.W. MacEachern

Diane & Lawrie Mack

Sheila MacKenzie

Dora Helen & James A.N. Mackie

Patricia & Peter Mann

Lynn & Ken Martens

Margaret E. McCready

Janice McDougall & Gervais Goodman

Dorothy & Jim McLeod

Maureen McTeer & Joe Clark

Jean Merriman

National Bank Financial

Donald Peacock

Ruth & Rob Peters & Family

Erna-May Pierce

D. Miles Price

Susan Purcell & Mitchell B. Cohen

Beth & Gordon Rankin

Greta Raymond & Darrell Myroniuk

Maria Rees

Phyllis & Chris Robb

Vera Ross

Marianne Santopinto

Leanne Sereda & Larry Barkley

Jim Shaw

Ramsis Shehata

Ryan Sluggett

Heather & Herb Snowdon

Margaret & Ron Southern

Esther & J. Alvin Speers

Judith A. Sproule

St. Andrew Caledonian Society of Calgary

Charles B. Stalnaker

Elaine & Grant Stapon

Muriel E. Stewart

Carolyn & David Tavender

Telus World of Science

Bill & Jean Toole Family Donor AdvisedFund at The Calgary Foundation

TransAlta Corporation

TransCanada Corporation

Betty & Ernie Trosch

Toni & Paul Trudel

United Way of Calgary and Area

Catharine & L. Fred Valentine

Beth & Randy Vander Voort

Evelyn & Darol Wigham

Wigham Resources Ltd.

Rhonda Wishart & John Cuthbertson

Frances Wright

Deborah Yedlin & Martin Molyneaux

Hostelling International Canada - Pacific Mountain Region

Voyager – ($750 – $999)

Alberta CGIT Association

Michele & Lloyd Buchanan

Roberta & Rory Cory

16 Glenbow Museum ANNUAL REPORT 2004/0516 Glenbow Museum ANNUAL REPORT 2004/05

Joan & Ken Crowshaw

Alasdair Fergusson

Anne Fraser

Corine & Stefan Frick

Wanda Godwin

Paulette & Sid Greenner

Faye & David Haigh

Jean Helmer

F. Richard Matthews

Edward C. Phelps

Warren & Gregory Robertson

Janice & James Shea

Caron & D. Michael Stewart

Explorer – ($500 – $749)

Anonymous

Carol & Fred Abbott

Active Environmental Services

Judi & Tim Anstett

Kathleen Ashford

David Ballard

Frances Birdsell

Susan Boardman & Brian Nelson

Robert Brews

Marlene & Don Campbell

Canadian Association of Petroleum Producers

Harold Carlyle

Arlein & Dov Chetner

Beth & Soren Christiansen

Gay & David Claydon

Phyllis & William Cochrane

Alex Crocket

Shan & Donald Cross

Lucy & Jay Cross

John F. Crossley

Frank Dabbs

Joe-Anne D’Avignon & Michael Quinn

William Dobbs

Wilma & Thomas Dobson

Robert Elias

Barbara Fish & E. J. Laurence

Ms. D. Anne Fitzpatrick

Hannelore Gewers

Margaret E. & Rick Harrop

Janet Harvie & Britt Simmons

Dick & Lois Haskayne

Linda & Milt Hohol

Hounsfield Heights-Briar Hill Community Association

Cheryl & Andrew Howden

Barbara & Brian Howes

Gerald Knowlton

Lamont Family

James & Helen Laycraft

Dawne & Eric Lofkrantz

Brenda & James F.N. Mackie

Joan MacMillan

Patricia & Donald Maier

Beverly & Fred Mensink

Mind Designs Inc.

Thomas & Maxine Moslow

Mary Murphy

Eleanor & Robert Riley

Barbara & James Robinson

Joanne & Harry Schaefer

Tessi Schier & Steve Calderwood

Ralph & Elizabeth Scott

Catherine Smith

Kim Spink

David Thomson

Wyn van der Schee

Betty & Arthur Ward

Sue & Terry White

Supporter – ($250 – $499)

Anonymous

ACE, Child Development Centre

Linda M. Achtemichuk

Patricia Ainslie

Sharon & Terrence Allen

Janice & John Anders

Mary Anne & Don Andrews

Lorene Archdekin & Tim Friesen

Associations Plus

Irene M. Bakker

Margaret Bawden & Crawford Smith

Marianne & Jean-Claude Beauvilain

Patricia & Jack Benedict

Trevor Bennett

Anne & Frank Bercha

Berens Energy Ltd.

Beverly & Gerald Berkhold

Frances & Dale Birdsell

Ann Boerner & Daryl Barber

Jean & Leonard Bolger

Linda & Ken Bolstad

Diane Boss & Harry VanderVlist

Lynn Bowers

Evelyn & James Brown

Jennifer & Leo Bushman

Marie-Rose & Raymond Bussiere

Beverley Butler

Ines & Harvie Campbell

Matt Campbell

Virginia Capen

Vicki & Doug Cass

Carol-Anne & David Chambers

Rejean & Horace Champagne

Inna Charkova & Jos P. Van der Velden

Bill Chester

Quynh & Bill Chestnut

Deborah Chow-Fagan & Steve Fagan

Oliver Christensen

Virginia Christopher

Audrey & John Coats

Pat & Joel Cochrane

Yanka & Robert Cochrane

Martha Cohen

Angela Corsi

Anne S. Crawford

Laurie & William Csokonay

Gynell Dawson

Leslie & Jim D’Andrea

Irene & Walter DeBoni

Louis & Marcelle Desrochers

John Duckett

Janet & Dave Duncan

Mary & J. Bruce Dunlop

Richard Dunn

Hilary & Allan Elliott

Anne Evamy

Maida & Barry Evans

Janet & Douglas Ewens

Margaret & Brian Exton

Verna Jean Fairbrass

Joy & Cornelius Fehr

Jan Ferguson

Geraldine I. Fish

D. Anne Fitzpatrick

Uta & Brian Fox

Jennifer Francis

Yolande & Howard Freeze

Doris & Otto R. Friedenreich

David Friesen

David Fulton

Susan & Richard Galloway

J. Louise & William Gant

Eddie & John Gareau

Lynne & Stephen Gibson

Doreen & David Gilmour

Karen Goodrich

Marjory & Thomas Gough

Pamela & Hubert Gray

Lois & Rod Green

Eleanor & C.R. Guest

Reri Haakmeester

Christine & Ken Hale

Shannon Hallett

Marilou & Tom Hamel

Deirdre Hamstead

Noreen Hargrave

Sandi & William Hartman

Patricia J. Hawkins

Jane Hayes & Derek Smith

Linda & James Herbert

Robert Hodgson

Ian Hundey

John H. Inglis

Judy Inglis & Cameron Reid

Frances & Michael Jamison

Judith & Peter Jekill

Constance M. Jones

Sharon Jones & Cornelis Koster

Michele Kalny & Andrew Crichton

Lisa & Antony Kam

Herbert Kariel

Heather Kelly & Denisse Hans

Elsie & Aubrey Kerr

Maria & John Kimber

Simone & Jim Kirby

Karen Konrad

Kathy & Glenn Krahulic

Dawn & William Kruse

Rosemary & Rick Kry

Karen & Andrew Kryzan

Sharon & Robert Lainchbury

Michale & Richard Lang

Elisabeth & Anders Langeland

Patricia & Lorne Larson

June M. Larson

Rebecca & Stephen Lathrop

Theresa Lavender & James Faraday

Debbie & Glenn D. Laycock

Ellen & Loring Lee

Hazel G. Litzgus

Paul Luxford

Helene & Raymond Mahaffey

Georgia & Bill Martin

John Martland

Diane M. Matthews

Jacqueline Maxwell

Janet & Ken McCagherty

Deborah & Kim McCaig

Mary Lou & John McCormick

Conrad W. McCowan

Jean E. McCreight

Neil McDermid

Thelma & D.A. McDonald

Inge McDonald

Gail & Hector McFadyen

Jane McGhee & Herb Selin

Janice & Gordon McTavish

Mr. & Mrs. Meagher

Cheryl Melosky & Carl Brown

Eva & Max Miller

Patricia & Lindsay Milne

Judith & Britton Mockridge

Joyce & Donald Moore

Barbara & Michael Morin

Pearl & Ian Morrison

Ruth B. Mowat

Susan & Charles Nabors

Jamie Niessen

Margaret & John Noakes

Lisa & Michael O’Hara

Margaret Olive & Darrell Marshall

Pauline Olthof

Eliza & Gary Palmer

Elaine & Gary Park

Lesley & Tom Parker

Karen & Gordon Paul

Monica & Jim Paul

Jenne & Allan Pedden

Mary Peet

Dyan Pettigrew & Max Marina

Tietje Piera

Bernice & John Pilling

Aileen & Tom Pinder

Frances A. Plaunt

Diana & Marlin Polowick

Andree Powers & Bill Jarvis

Imelda & Steve Raby

Tasneem Rahim

Bonnie Ramsay Skitmore & RobertSkitmore

Lois & Lance Rees

Christine & Gordon Reese

Vicki & Stu Reid

Adele & Ernest F. Roberts

Margaret & Lloyd Rodway

Kirsten Ross

Dean Ruether & Denis Cote

Diane & David Scott

Ruth & Cliff Secter

Gloria & James Sherbut

Lisa & Markham Silver

Mary Elizabeth Skeith

Donald M. Skinner

Barbara Snowdon & Dale Ellert

Margaret & John Sparling

Perry & Geneva Spitznagel

Tracy & Myron Stelmaschuk

Mary L. & Barrie Stephens

Brigid Stewart

Chris & Wane Stickland

Shannon & Barry Sullivan

Joan & James Sullivan

Eric Sundstrom

Barry W. Swan

Joyce & Gerald Sykes

Catherine Tam

Helene & Henk Ter Keurs

Lynn Thornton & Bob Hamshaw

Dawn & Jack Thrasher

F. Jim Toews

June Townley

Yvon & Chris Tremblay

Phyllis & Dale Tufts

Gertrude & Ken Turner

Janice Tye & Murray Hanna

Aritha van Herk

Matthew Walls

Marie Jeanne Walsh

Candy & Bill Watson

Olga & Lawrence Watson

George Webber

Penny & J. Graham Weir

Jan Weir & Jacques Gendron

Meta & Hal Wieser

Sandy & Grant Wilde

Jacqueline & Ron Wilderman

Twila & Wayne Wilson

Rondo E. Wood

Marnie & Hal Wyatt

Penny & Murray Young

Financial Review

18 Management Discussion and Analysis

22 Management’s Report

23 Auditors’ Report

24 Balance Sheet

25 Operating Fund Statement

26 Statement of Operations and Changes for Endowment and Designated Fund Balances

27 Statement of Cash Flows

28 Notes to the Financial Statements


OPERATING EXPENDITURE

Support services and administration costs include a wide range of functions that impact all operational areas including: all financial reportingfunctions, organizational governance, human resources, volunteer resources, information systems and support and new media development,facilities maintenance, visitor services, external professional auditors and advisors, and general office supplies and services. These costs haveincreased by 30% since March 31, 2004. A large part of this increase is a result of new website initiatives. Three significant website projectswere in development in 2005. The new corporate website has already been launched and two other educational websites will be complete bylate summer 2005. The cost of these projects to March 2005 was $727k. An additional $250k will be spent to complete them in 2006. Staff costs in this area have also increased substantially. Almost 40% of the Institute’s workforce is employed in these areas and a negotiatedsettlement of 3% for all members of CUPE Local 1645 has added significantly to operating costs.

Program and exhibit development includes designers, public and school programmers, production staff and travelling exhibit coordinators.Additional staff have been hired on term contracts to work on the research and development of a new permanent gallery on the third floor.However, overall costs for the workunit have remained close to 2004 levels as a result of restructuring and staffing changes made at the end of that year.

Collections management cares for and maintains the Province’s collection. The decrease in spending in this area results from a reduction instaffing at the end of fiscal 2004. Resources in this area were invested in a major capital project in 2005. Fiscal 2005 is the last year in whichcollections acquisitions are expected to be funded by the Collections Endowment Fund. In fiscal year 2006 and subsequent years, incomeearned from the sale of deaccessioned Glenbow collections material which is not of museum quality will be placed in a Glenbow accountin the Province’s Historic Resources Fund. This fund will be used for future acquisitions to the Glenbow collection.

Glenbow Enterprises includes the personnel and infrastructure costs associated with maintaining and growing our fundraising programs and profile as well as developing and supporting the Institute’s membership program. It also oversees marketing and promotional activities for theorganization as a whole and coordinates our publishing program. Costs in this area increased by 8.7%. Additional resources were invested instrategic planning and consulting advice associated with creating a new endowment fund to maintain the Mavericks gallery when it is completeand other innovative stewardship and fundraising initiatives.

Amortization decreased by 7.4% in fiscal 2005. Fiscal 2004 included substantial amortization costs relating to our Blackfoot travelling exhibition.Amortization costs are expected to increase in 2006 and 2007 as two large capital projects, the collections storage upgrade costing $1.4 millionand the new permanent Mavericks gallery (estimated to cost $9 million) are completed.

CAPITAL ASSETS

Capital expenditures in 2005 totaled $1.2 million. $702,000 or 58.5% of this balance was spent on the upgrades to the collections storage area.

ENDOWMENT FUNDS

Despite a withdrawal of more than the recommended target of 5.5%, the endowment funds have maintained their market value in the last 12 months.In fiscal 2003 approximately $1.2 million dollars from the deaccessioning of part of the library collection was deposited in the collections fund.A separate library endowment fund was created early in 2004 and the deaccessioning revenues were transferred to this new fund.

In fiscal year 2005, the Institute withdrew $1.1 million more income from the endowment funds, than the funds generated in that year.Fortunately this deficit has been compensated for by the growth of the fund during 2005. However, to ensure that the purchasing power of theendowment funds (which in 2005 provided 22.3% of the Institute’s operating revenues) is maintained, the Board of Governors passed cont…

Management Discussion and Analysis

The following is a discussion and analysis of the financial condition and results of the Glenbow-Alberta Institute for the years ended March 31, 2005 and March 31, 2004. It should be read in conjunction with the accompanying auditedfinancial statements and the other information contained in this annual report.

OVERVIEW

The 2005 fiscal year was another very successful year for the Glenbow-Alberta Institute. During the course of the year

• four high quality temporary themed exhibitions were on display,

• substantial research and planning work was completed for our new permanent history of Alberta gallery on the fourth floor scheduled to open in fiscal 2007,

• $4 million dollars of funding for this project was secured through the Province of Alberta’s centennial legacies grants program. Negotiations for a further $5 million from the Government of Canada’s centennial program are well underway,

• A substantial part of the $1.4 million capital project to upgrade collections storage in the cultural history and archival storage areas was completed.

These achievements complement our goals of creating interactive programs and exhibits that our members, visitors and customers want to see,becoming an innovative knowledge centre by providing quality content, refining and building the collection, increasing and diversifying attendanceand revenue sources and strengthening Glenbow’s profile locally, nationally and internationally.

OPERATING REVENUES

The Institute works to achieve its vision and goals with very strong support and partnerships with the general public, individual and corporatedonors, foundations and government. The Province of Alberta’s Alberta Community Development office has a service agreement with theInstitute for the provision of curatorial care and public access to the collection which is owned by the Province. This contract provides 25.5% of our annual operating revenues and is renegotiated at the end of its term. A contract is in place for fiscal year 2006 and negotiations for theperiod after March 31, 2005 will begin in the fall of 2005. Structured fundraising and donations generated $3.1 million or 29% of operatingrevenues. This represents a substantial increase over prior years. Large contributions were made in support of the Mavericks Gallery and threeimportant new media projects. Admissions and membership revenues have shown slight variations over time. Themed temporary exhibitionsand creative programs continue to appeal to our members, visitors and customers. This strategy will continue in fiscal year 2006 and new initiatives will be considered to continue to grow audience and revenue sources.

Fiscal year 2006 will mark the beginning of a three year transitional period at the end of which the annual spending rate of the four endowmentfunds will be reduced to 5 – 5.5% of market values. This strategy has been adopted to maintain the purchasing power of the endowmentfund. The operating revenue withdrawn from the endowment funds was reduced by 2.5% in fiscal year 2005.

Commercial and other sources of revenue account for 12.4% of operating revenues. These include proceeds from the sale of archival images,museum shop sales, revenues generated by our traveling exhibition program, and rental income.

$ 3,500,000

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0PROVINCIALCONTRACT

ENDOWMENTFUND REVENUES

FUNDRAISING ADMISSIONS &MEMBERSHIPS

COMMERCIAL &OTHER ACTIVITIES

2005 $ 2,738,000 $ 2,393,007 $ 3,099,725 $ 1,181,224 $ 1,328,924

2004 2,688,000 2,454,969 2,152,000 1,146,073 1,456,475

2003 2,563,000 1,649,632 2,155,761 1,158,530 1,387,947

$ 4,000,000

3,500,000

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0PROGRAM& EXHIBIT

DEVELOPMENT

COLLECTIONSMANAGEMENT

LIBRARY&

ARCHIVES

GLENBOWENTERPRISES &MUSEUM SHOP

SUPPORT SERVICES&

ADMINISTRATIONAMORTIZATION

2005 $ 2,394,772 $ 1,235,750 $ 606,284 $ 1,877,647 $ 3,750,126 $ 854,329

2004 2,351,771 1,402,335 617,540 1,727,957 2,873,854 922,181

2003 2,031,773 1,278,213 602,890 1,884,969 2,401,764 703,957

Glenbow Museum FINANCIAL REVIEW 2004/05 Glenbow Museum FINANCIAL REVIEW 2004/05

Glenbow Museum ANNUAL REPORT 2004/05 2120 Glenbow Museum ANNUAL REPORT 2004/0520 Glenbow Museum FINANCIAL REVIEW 2004/05 Glenbow Museum FINANCIAL REVIEW 2004/05 21

Capital Assets

The accounting estimates for Capital Assets represent 9.5% of the organization’s balance sheet at March 31, 2005. If the organization’s estimateduseful lives of assets were incorrect, the organization could experience increased or decreased charges for the amortization of capital assets in the future.

Recoverability of Long Term Investments

The organization assesses the recoverability of its long-term investments on a regular, recurring basis. The most significant assumptions underlyingthe recoverability of long-term investments are the achievement of future cash flow and the long term sustainability of the organization. Noallowance has been made for the recoverability of long-term investments at March 31, 2005. If the recoverability of a substantial portion of long-term investments is doubtful, the organization could experience an increased charge to Investment expense in future and a reduction in the endowment revenues used to sustain its on-going operations.

Revenue Recognition and Deferred Revenue

The organization recognizes revenue given for a designated purpose or project in the period in which the related expenses are incurred or theproject is completed. Revenues received for projects or expenses which will occur in a future period are deferred until that future period. If management estimates of the cost or completion date of the designated activities are inaccurate, revenues could be recognized inaccurately.

OPERATIONAL RISKS AND UNCERTAINTIES

The organization depends on fundraising to finance a significant proportion of its activities and strives to maintain an extremely strong profileand reputation with its stakeholders, the business community and government. Therefore, it adheres to high standards of governance andfinancial stewardship which are regularly reviewed.

The organization’s operating budget is approved by the Board of Governors and regularly reviewed, however changes in the economy both locallyand nationally have an impact on the amount of operational revenue that can be generated. Large exhibitions are booked at least a year inadvance and permanent gallery development takes significantly longer. This restricts the organization’s ability to react quickly to economic and other changes.

Two significant agreements which impact our ongoing activities terminate on March 31, 2006 and will need to be renegotiated later in fiscal2006. These are our Curatorial Care and Public Service Access Agreement with the Province of Alberta and our collective agreement with CUPELocal 1645 to which over 90% of our workforce belong.

LOOKING FORWARD TO 2006

The 2006 budget was built on an assumption of consistent and growing receipts from existing and new fundraising programs, growth in attendancerevenues and a 3.5% fee increase in our service contract with the Province of Alberta. Projected operating revenues of $10.1 million are 6.3%lower than our revenues for the fiscal year to March 31, 2005. The operating budget for 2006 does not envisage the same investment in newmedia projects in the coming year. The main focus will be a large capital project – the new permanent gallery on the 3rd floor.

Our 2nd floor galleries will again host four temporary exhibitions and our work with the collections, archives and library will continue at currentlevels. General operating costs continue to rise, the 2006 operating budget allows for a 3% negotiated settlement with the membership ofCUPE Local 1645 as well as increases in many other fixed operating costs.

The Board of Governors has recommended that over the next five years, the Glenbow work to enhance its existing programs and activities andcollaboratively develop two substantial new programs. Feasibility studies and business plans for this Enhanced Glenbow will be developed duringthe course of fiscal 2006.

Management Discussion and Analysis cont...

a motion in June 2004 directing that $25 million of the pooled fund assets be sequestered for strategic and financial management sufficient tomeet and not exceed a targeted annual spending rate of 5 – 5.5% of the market value. By March 31, 2007 the Institute will reduce its annualbudgetary reliance on the total endowment funds to 5 – 5.5%. A transitional fund of $2.5 million dollars was set aside to bridge the gap infunding as the draw is reduced over a three year period.

LIQUIDITY AND CAPITAL RESOURCES

During 2005, the Institute raised $10.7 million dollars to finance its total cash expenditures of $9.8 million through its contract with the Province,fundraising endeavors and self-generated sources of revenue. The additional available cash flow of $8.5k was applied to capital expendituresand working capital. Cash for capital expenditures in excess of cash generated through operations was received through a capital grant receivedin support of the collections storage upgrade project. In-kind support from the Province and the City of Calgary for the use of the building andthe utilities, janitorial and maintenance services associated with it are critical to the organization and allow the Glenbow to fund a far largerrange of activities than would otherwise be possible with our existing cash-flow.

Cash-flow in the fiscal year 2006 will require close monitoring as we will be required to spend significant sums for the construction of theMavericks gallery. A new banking facility has been negotiated to allow us to access funds in an effective and flexible way. The operating budget for 2005 is covered through anticipated sources of recurring funding.

CRITICAL ACCOUNTING ESTIMATES

Glenbow’s significant accounting policies are described in Note 3 of the Notes to the Financial Statements. The preparation of financial statementsin conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reportedamounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reportedamounts of revenues and expenses during the reporting period. Actual results could differ from those estimated. Unless specifically statedbelow, the organization is not aware of trends, commitments, events or uncertainties that it reasonably expects to materially affect the methodologyor assumptions associated with the critical accounting estimates.

Accounts Receivable – Bad and doubtful debts

The organization has made no provision for bad or doubtful debts. Aging debts are reviewed monthly. There have been no write-offs duringthe course of the year and it is management’s opinion that the accounts receivable balances representing 15% of total assets at March 31, 2005will be received in full. $4 million of this balance represents the balance due under a Contribution Agreement signed in February 2005 with theProvince of Alberta for the development and construction of a new permanent gallery on the third floor. If the future were to differ from management’s best estimate of amounts recoverable the organization could experience a bad debt charge in the future.

Inventory Obsolesence

The organization reviews its inventory for obsolescence at the annual inventory count carried out close to the end of the fiscal year. It has made noprovision for inventory obsolescence. If this estimate is inadequate, the organization could experience a charge to operating expense in the future.

$ 16,000,000

14,000,000

12,000,000

10,000,000

8,000,000

6,000,000

4,000,000

2,000,000

0FOUNDING

FUNDLEGACYFUND

COLLECTIONSFUND

LIBRARYFUND

2005 $ 15,645,524 $ 6,346,368 $ 5,084,444 $ 1,337,000

2004 15,775,274 6,454,905 5,271,846 1,308,920

2003 14,411,922 5,694,834 5,904,436 –

Glenbow Museum ANNUAL REPORT 2004/05 2322 Glenbow Museum ANNUAL REPORT 2004/0522 Glenbow Museum FINANCIAL REVIEW 2004/05 Glenbow Museum FINANCIAL REVIEW 2004/05 23

Auditors’ Report

To the Board of Governors of the Glenbow-Alberta Institute:

We have audited the balance sheet of Glenbow-Alberta Institute as at March 31, 2005 and the operating fund statementand the statements of operations and changes for endowment and designated fund balances and cash flows for the yearthen ended. These financial statements are the responsibility of the Institute’s management. Our responsibility is to expressan opinion on these financial statements based on our audit.

We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of materialmisstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financialstatements. An audit also includes assessing the accounting principles used and significant estimates made by management,as well as evaluating the overall financial statement presentation.

In our opinion, these financial statements present fairly, in all material respects, the financial position of the Institute as atMarch 31, 2005 and the results of its operations and its cash flows for the year then ended in accordance with Canadiangenerally accepted accounting principles.

Calgary, AlbertaJune 3, 2005

CHARTERED ACCOUNTANTS

Management’s Report

The financial statements of the Institute are the responsibility of management and the Board of Governors. They have been prepared by management in accordance with accounting principles generally accepted in Canada,applied on a consistent basis.

In fulfilling its responsibilities, management has developed, and maintains, a system of internal controls designed to safeguard assets and the collection from loss or unauthorized use and ensure the accuracy of the financial records. The financial statements necessarily include certain estimates which are made after consideration of the information available and using careful judgments.

The Board of Governors exercises its responsibilities for financial controls through the Audit/Investment Committee which is comprised of Governors who are not employees of the Institute. The Committee meets with management and the external auditors to satisfy itself that the responsibility of the respective parties are properly discharged and to review the financial statements before they are presented to the Board for approval.

Deloitte & Touche LLP have examined the financial statements for the year 2005, and their report to the Board of Governors is presented herein.

Michael P. RobinsonPRESIDENT & CHIEF EXECUTIVE OFFICER

Marion A. ShillCHIEF FINANCIAL OFFICER & CORPORATE SECRETARY

Glenbow Museum ANNUAL REPORT 2004/05 2524 Glenbow Museum ANNUAL REPORT 2004/05 Glenbow Museum FINANCIAL REVIEW 2004/05 2524 Glenbow Museum FINANCIAL REVIEW 2004/05

Operating Fund StatementFOR THE YEAR ENDED MARCH 31, 2005

TOTAL TOTAL2005 2004

REVENUE

Province of Alberta $ 2,738,000 $ 2,688,000

Investment income 14,555 17,694

Allocation of unrestricted investment income fromFounding, Legacy, Collections Library and Designated funds 2,393,007 2,454,969

Fundraising (Note 10) 3,099,725 2,152,000

Admissions and memberships 1,181,224 1,146,073

Museum shop 713,651 666,141

Commercial activities 566,906 745,295

Miscellaneous 33,812 27,343

10,740,880 9,897,515

EXPENDITURES

President's Office 661,566 563,910

Central Services 3,088,560 2,309,944

Collections 1,235,750 1,402,335

Program and Exhibit Development 2,394,772 2,351,771

Library and Archives 606,284 617,540

Museum Shop 605,561 599,896

Glenbow Enterprises 1,272,086 1,128,061

Amortization 854,329 922,181

10,718,908 9,895,638

NET REVENUE $ 21,972 $ 1,877

The accompanying notes are part of these financial statements.

Balance SheetAS AT MARCH 31, 2005

ASSETS

Current:

Cash and investments $ 419,101 $ 25,296 $ 444,397 $ 387,339

Due from endowment and designated funds – 306,771 306,771 68,551

Merchandise for resale 258,230 – 258,230 245,026

Grants and donations receivable (Note 4) 2,214,696 1,577 2,216,273 1,786,781

Accounts receivable and accrued interest 463,648 _ 463,648 310,917

Prepaid expenses 107,868 – 107,868 136,551

3,463,543 333,644 3,797,187 2,935,165

Capital assets (Note 5) 3,192,278 – 3,192,278 2,799,278

Grants and donations receivable after more than one year (Note 4) 2,840,637 – 2,840,637 1,701,157

Investments, at cost (quoted market value – Note 6) – 23,829,879 23,829,879 25,394,534

$ 9,496,458 $ 24,163,523 $ 33,659,981 $ 32,830,134

LIABILITIES AND FUND BALANCES

Current:

Accounts payable and accrued liabilities $ 1,887,150 $ – $ 1,887,150 $ 1,235,503

Due to operating fund 306,771 _ 306,771 68,551

Deferred revenue (Note 7) 2,274,777 – 2,274,777 2,032,503

4,468,698 _ 4,468,698 3,336,557

Long-term:

Deferred revenue (Note 8) 3,171,553 – 3,171,553 2,294,551

Fund Balances – Unrestricted (Note 9) (1,336,071) – (1,336,071) (965,043)

– Invested in capital assets 3,192,278 – 3,192,278 2,799,278

– Endowment and designated – 24,163,523 24,163,523 25,364,791

$ 9,496,458 $24,163,523 $ 33,659,981 $ 32,830,134

On behalf of the Board of Governors:


Ian Bourne,CHAIR OF THE BOARD

Herb H. Snowdon, CATREASURER

OPERATING ENDOWMENT AND TOTAL TOTALFUND DESIGNATED FUNDS 2005 2004


Statement of Cash FlowsFOR THE YEAR ENDED MARCH 31, 2005

OPERATING FUND ENDOWMENT DESIGNATED TOTAL TOTAL2005 2004 FUNDS FUNDS 2005 2004

NET INFLOW (OUTFLOW) OfCASH RELATED TO THEFOLLOWING ACTIVITIES

OPERATING

Net revenue (expenditure) $ 21,972 $ 1,877 $ (1,227,409) $ 26,141 $ (1,201,268) $ (284,968)

Items not affecting cashAmortization 854,329 922,181 14,748 – 14,748 22,921

876,301 924,058 (1,212,661) 26,141 (1,186,520) (262,047)

Changes in non-cash workingcapital items 427,598 (513,649) (340,564) (22,335) (362,899) 14,103

1,303,899 410,409 (1,553,225) 3,806 (1,549,419) (247,944)

INVESTING

Net change in investments – – 1,553,225 (3,318) 1,549,907 248,566

Additions to capital assets (1,247,329) (690,340) – – – –

(1,247,329) (690,340) 1,553,225 (3,318) 1,549,907 248,566

NET CASH INFLOW (OUTFLOW) 56,570 (279,931) – 488 488 622

CASH POSITION, BEGINNING OF YEAR 362,531 642,462 – 24,808 24,808 24,186

CASH POSITION, END OF YEAR $ 419,101 $ 362,531 $ 0 $ 25,296 $ 25,296 $ 24,808


Statement of Operations and Changes for Endowment and Designated Fund BalancesFOR THE YEAR ENDED MARCH 31, 2005

ENDOWMENT FUNDS DESIGNATED FUNDS

FOUNDING LEGACY COLLECTIONS LIBRARY TOTAL TOTAL TOTAL TOTALFUND FUND FUND FUND 2005 2004 2005 2004

REVENUE

Investment income $ 733,234 $ 287,472 $ 222,679 $ 60,174 $ 1,303,559 $ 2,186,436 $ 3,455 $ 5,625

Allocation of unrestrictedinvestment income to operating fund (1,283,738) (532,558) (502,409) (74,251) (2,392,956) (2,436,966) (51) (18,002)

Deaccessioning proceeds – – – 18,708 18,708 208,389 – –

Donations – – 1,065 – 1,065 – 1,850 1,937

Publications – – – – – – 22,735 5,106

(550,504) (245,086) (278,665) 4,631 (1,069,624) (42,141) 27,989 (5,334)

EXPENDITURES

Investment expenses 75,470 31,761 26,743 6,835 140,809 158,453 134 124

Deaccessioning expenses – – – 2,228 2,228 55,955 – –

Miscellaneous expenses – – – – – – 1,714 40

Amortization 14,748 – – – 14,748 22,921 – –

90,218 31,761 26,743 9,063 157,785 237,329 1,848 164

NET REVENUE(EXPENDITURE) (640,722) (276,847) (305,408) (4,432) (1,227,409) (279,470) 26,141 (5,498)

Fund balances,beginning of year 12,326,577 6,384,886 5,165,757 1,343,071 25,220,291 25,499,761 144,500 149,998

Fund balances,end of year $ 11,685,855 $ 6,108,039 $ 4,860,349 $ 1,338,639 $ 23,992,882 $ 25,220,291 $ 170,641 $ 144,500

Market Value of Investments $ 15,645,524 $ 6,346,368 $ 5,084,844 $ 1,337,00 $ 28,413,736 $ 28,810,945 $ 128,461 $ 119,260



The Library Fund was established from the proceeds of a 2002 deaccessioning program of selected items which were not part of theInstitute’s core mandate, or were duplicates of items accessible in the local community. The net proceeds of the deaccessioned itemswere credited to the Library Fund. The Board has specified that an amount of investment income earned on the Library Fund (the “Fund”) must be retained in the fund in order to maintain the value of the fund, increased by inflation. Any remaining unexpendedinvestment income may be retained in the fund or allocated to the Operating Fund at the discretion of the Board of Governors.

iii) Designated FundsThe Institute receives other funds which are designated for special use by donors or by the Board of Governors. It is the Institute’spolicy to maintain these funds separately as Designated Funds. Transfers for capital asset acquisitions are made annually to the Operating Fund to the extent that Designated Funds have been expended on capital assets. Designated Funds includegrants received from various government and private agencies to finance specific projects and proceeds from the sale of Glenbow-Alberta Institute publications.

b) Revenue RecognitionRestricted contributions related to general operations are recognized as revenue of the Operating Fund in the year in which therelated expenses are incurred. All other restricted contributions are recorded directly to the appropriate restricted fund when received.

Unrestricted contributions are recognized as revenue of the Operating Fund in the year received or receivable if the amount to be received can be reasonably estimated and collection is reasonably assured.

Operating grants are recognized as revenue in the period when receivable. Operating grants received for a future period are deferred until that future period.

Contributions to Endowment Funds are recognized as revenue in the Endowment Funds.

Investment income earned on Endowment Fund resources is recognized in the Endowment Fund. Funds are transferred to the Operating Fund in accordance with terms approved by the Board.

Other investment income is recognized as revenue of the Operating or Designated Funds when earned.

Net revenues from the deaccessioning of collections items are forwarded to the Province of Alberta on receipt for deposit into a designated account for Glenbow Museum held collections which forms part of the Historic Resources Fund of Alberta CommunityDevelopment. Revenues from the deaccessioning of library items are allocated to the Library Fund. Expenses of deaccessioning are paid from sale proceeds.

c) Donated ServicesA substantial number of unpaid volunteers have made significant contributions of their time to the Institute’s programs. The valueof this contributed time is not included in these financial statements, since objective measurement of valuation is indeterminable.

d) Merchandise for ResaleMerchandise for resale is recorded at the lower of cost or net realizable value.

e) Capital AssetsFurniture and equipment is recorded at cost and is amortized on a straight-line basis over the estimated useful lives of the assets,according to class: computer equipment 33.3%, vehicles and equipment 20%, major renovations 6.67% and furniture 10%.

Leasehold improvements and travelling exhibitions are recorded at cost and are amortized over the expected lives of the improvementsor exhibitions.

f) InvestmentsInvestments are carried at the fair market value assigned at the date they are donated to the Institute and by the cost method forthese investments purchased by the Institute. Portfolio investments which are effectively held to maturity or which have a reductionin market value which is considered temporary in nature are recorded at cost.

g) Financial InstrumentsAccounts receivable and accrued interest, investments and accounts payable and accrued liabilities constitute financial instruments.Based on the available information, the carrying value of the Institute’s accounts receivable and accounts payable approximates fair value as at March 31, 2005. Investments are long-term in nature and are recorded at the lower of cost or market value, unlessdeclines in market value are considered temporary. See Note 6 for fair value information pertaining to the investments.

The Institute is exposed to risks arising from fluctuations in interest and foreign exchange rates. The Institutes does not use derivativeinstruments to reduce its exposure to interest and foreign exchange rate risk, but mitigates risk by ensuring that dates of bondmaturity are staggered.

h) Expenditure on Collection ItemsCosts of collection items acquired during the year are expensed through the work unit to which they relate. The expenditures on collection items in 2005 were $109,402 (2004 - $83,013) which were recorded within the Operating Fund.

i) Impairment of Long-Lived AssetsEffective April 1, 2004 the Institute adopted the recommendations of the CICA Handbook Section 3063 “Impairment of Long-LivedAssets.” Long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that their carrying amountmay not be fully recoverable. An impairment loss is recognized when their carrying value exceeds the total undiscounted cashflows expected from their use and eventual disposition. The amount of impairment loss is determined as the excess of the carryingvalue of the assets over their fair value. The adoption of this policy had no impact on the current year’s financial statements.

Notes to the Financial Statements MARCH 31, 2005

NOTE 1 GENERALThe Glenbow-Alberta Institute (the “Institute”) operates under the authority of the Glenbow-Alberta Institute Act, Chapter G-5, RevisedStatutes of Alberta 1996, as amended. The Institute is registered as a charity under the Income Tax Act and is exempt from income tax.

Ownership of the majority of the collections is held by the Province of Alberta. The Institute is responsible for caring for the collection and providing public access.

The Institute administers seven collections with over 1.3 million objects, comprised of Cultural History, Ethnology, Military History,Mineralogy, Art, Library, Archives - paper, photographs and negatives.

All additions to the collections, including gifts, are approved by the Board of Governors. Deaccessioning of major value collection itemsrequires approval by the Province of Alberta.

NOTE 2 NATURE OF OPERATIONS AND DESCRIPTION OF ORGANIZATIONThe nature and business of the Institute is to provide public service through a human history museum, an art gallery, a library, and an archives.The organization is comprised of six work units, the functions of which are as follows:

The President’s office carries out the functions of the overall administration of the Institute including human resources.

Central services provides board services, accounting, budgeting and financial services, computer services, photography, purchasing, security and building services, volunteer services and carries other unallocated costs such as photocopier leases and communications.

Collections makes recommendations on the purchase and acceptance of gifts of art and artifacts and the deaccessioning of collection items, stores and conserves collection items and makes the collection available for display to the public.

Program and exhibit development plans, facilitates, coordinates and produces all aspects of the Institute’s activities for the public.

Library and archives acquires, catalogues, preserves and makes available to the public and staff published and archival material relating to the history of southern Alberta and Western Canada.

Glenbow enterprises is a division of the Institute responsible for private sector, individual donor and foundation fundraising, facility rentals, the museum shop, grant applications, commercial alliances, advertising and promotion campaigns and new business ventures. Glenbow enterprises also develops publishing programs which reflect the full range of research undertaken at the Institute. Publishing projects include catalogues, books, the Glenbow magazine, videos, research notes and multi-media technology.

NOTE 3 SIGNIFICANT ACCOUNTING POLICIES AND REPORTING PRACTICESThese financial statements have been prepared by management in accordance with Canadian generally accepted accounting principles.

a) Fund AccountingThe Institute follows the restricted fund method of accounting for contributions. Loans and advances between the funds are recorded in each fund and are not eliminated in the fund totals on the balance sheet.

i) Operating FundThe Operating Fund accounts for the organization’s administration activities, fundraising and the costs of maintaining and allowingpublic access to the collections.

ii) Endowment FundsThe Founding Fund contains the Devonian Foundation Gift and the Province of Alberta Gift: initially $5,000,000 each. The DevonianFoundation Gift is invested in marketable securities and interest bearing deposits. A portion of the investment income earned annuallythereon is required by the Glenbow-Alberta Institute Amendment Act, 1996 to be reinvested in order to maintain the value of the DevonianFoundation Gift, increased by inflation. Investment income in excess of the annual inflation amount may be retained in the Fund orallocated to the Operating Fund at the discretion of the Board of Governors. The Province of Alberta Gift is also invested in marketablesecurities and interest bearing deposits. The Board of Governors has specified that an amount of investment income earned thereon mustbe retained in the Founding Fund (the “Fund”) in order to maintain the value of the Province of Alberta Gift, increased by inflation.The remaining investment income may be retained in the Fund or allocated to the Operating Fund at the Board’s discretion. The requirement of increasing the capital by inflation is monitored by comparing the initial value of the gift adjusted for the cumulativeimpact of inflation to the current market value of the Fund.

The Legacy Fund was established by the Board of Governors and is invested in marketable securities and interest bearing deposits.The Board has specified that an amount of investment income earned thereon must be retained in the Legacy Fund (the “Fund”) in order to maintain the value of the Fund, increased by inflation. Any remaining unexpended investment income may be retained in the Fund or allocated to the Operating Fund at the Board’s discretion.

The Collections Fund was established from the proceeds of a 1995 deaccessioning program for selected international collection itemswhich are not part of the Institute’s core mandate. The net proceeds of the deaccessioned items were credited to the Collections Fund.Expenditures from the capital are restricted to the purchase of collection items. The Board has specified that an amount of investmentincome earned on the Collections Fund (the “Fund”) must be retained in the Fund in order to maintain the value of the Fund, increasedby inflation. Any remaining unexpended investment income may be retained in the Fund or allocated to the Operating Fund at thediscretion of the Board of Governors for “the care and maintenance of the collection.”


NOTE 10 FUNDRAISINGFundraising revenues of $3,099,725 include cash donations to the Institute and do not include donations of art, artifacts and archival material tothe collections which are owned by the Province of Alberta. The approximate dollar amount of the tax receipts issued by the Institute for itemsdonated to the collection in 2005 amounted to $281,097 (2004 - $7,209,949). Tax receipts for amounts greater than $1,000 are supported byindependent appraisals.

NOTE 11 PENSION OBLIGATIONSThe Institute has a defined contribution plan which is available to all full-time and permanent part-time employees. Under the terms of the plan,the Institute matches contributions of up to 5% of employee earnings. In 2005, the Institute contributed $204,508 (2004 - $218,587)in connection with the plan.

NOTE 12 DONATED SERVICESThe Glenbow Centre is leased to The City of Calgary by the Province of Alberta for a nominal amount of one dollar per year. The City ofCalgary, in turn, subleases it to the Institute for the same amount per year. Fair market value of the rental has not been determined. The City of Calgary also provides janitorial, maintenance and utility services for the Glenbow Centre at no cost to the Institute. The value of the servicesas determined by The City of Calgary was $1,478,338 for the year ended March 31, 2005 (2004 - $1,483,398). This amount has not beenincluded in the Operating Fund statement.

NOTE 8 DEFERRED REVENUE – LONG TERM

NOTE 9 CHANGES IN OPERATING FUND BALANCEChanges in the Operating Fund balances were comprised of:

RECEIVABLE RECEIVABLEIN < 12 AFTER > 12

MONTHS MONTHS

Province of Alberta - Centennial Leganciesgrant in support of the Mavericks gallery $ 1,210,805 $ 2,840,637

2005 2004ACCUMULATED NET BOOK NET BOOK

COST AMORTIZATION VALUE VALUE

Furniture and equipment $ 6,240,843 $ 4,616,326 $ 1,624,517 $ 1,080,939

Leasehold improvements 3,350,307 2,005,881 1,344,426 1,522,249

Development costs of travelling exhibitions 654,369 431,034 223,335 196,090

$ 10,245,519 $ 7,053,241 $ 3,192,278 $ 2,799,278

2005 2004MARKET MARKET

VALUE COST VALUE COST

Founding FundDevonian Foundation Gift $ 8,329,875 $ 6,156,676 $ 7,871,173 $ 6,164,988

Province of Alberta Gift 7,315,649 5,407,054 7,904,101 6,190,778

15,645,524 11,563,730 15,775,274 12,355,766

Legacy Fund 6,346,368 6,051,584 6,454,905 6,405,946

Collections Fund 5,084,844 4,848,973 5,271,846 5,243,157

Library Fund 1,337,00 1,249,015 1,308,920 1,276,406

Designated Fund 128,461 116,577 119,260 113,259

$ 28,542,197 $ 23,829,879 $ 28,930,205 $ 25,394,534

Common and preferred stocks 17,639,723 13,371,172 18,074,788 15,087,098

Bonds, debentures and mortgages 10,101,100 9,658,023 9,978,402 9,432,033

Cash and short-term deposits 709,071 708,381 776,367 774,755

Accrued interest receivable 92,303 92,303 100,648 100,648

$ 28,542,197 $ 23,829,879 $ 28,930,205 $ 25,394,534

NOTE 4 GOVERNMENT GRANTSGrants and donations receivable include the following provincial government grant:

NOTE 5 CAPITAL ASSETS

NOTE 7 DEFERRED REVENUE – CURRENT

Canadian Heritage through the Canadian Arts and Heritage Sustainability Program approved a grant of $167,000 in fiscal year 2004. A supplementalamount of $53,850 was approved in fiscal year 2005. $58,250 of the total funding of $220,850 was recognized as fundraising revenue in theyear ending March 31, 2004. The remaining funds of $162,600 are included in fundraising revenues of $3,099,725 in 2005.

NOTE 6 INVESTMENTS

2005 2004

Federal government grants $ 345,682 $ 294,827

Provincial government grants 1,295,817 1,139,832

Grants from foundations 62,565 85,750

Grants from the corporate sector 431,603 331,181

Other 139,110 180,913

$ 2,274,777 $ 2,032,503

2005 2004

Corporate sector support for exhibitions and programming $ 116,661 $ 266,663

ICAP funding for upgrade and renewal of storage space 662,481 718,260

Province of Alberta – Centennial Legacies grant in support of the Mavericks gallery 2,123,032 1,030,000

Calgary Foundation – support for First Nations school programs – –

Fees and grants in support of travelling exhibitions 76,666 23,465

Provincial government grants for the construction of the Blackfoot gallery 181,463 213,963

Other 11,250 42,200

$ 3,171,553 $ 2,294,551

2005 2004INVESTED IN

CAPITAL ASSETS UNRESTRICTED TOTAL TOTAL

Beginning of year balance $ 2,799,278 $ (965,043) $ 1,834,235 $ 1,832,358

Net revenue (854,329) 876,301 21,972 1,877

Invested in capital assets 1,247,329 (1,247,329) – –

$ 3,192,278 $ (1,336,071) $ 1,856,207 $ 1,834,235

Glenbow Museum ANNUAL REPORT 2004/05

Current and Upcoming Exhibitions

Voices of Southeast AsiaJuly 1, 2005 to September 25, 2005

Embark on a remarkable journey of Southeast Asian culture! Let the rich culture of Vietnam colour your senses. Hear the personal stories of Southeast Asian immigrantswho left their homeland to begin new lives in Canada, and examine the contemporary works of first generation Asian-Canadian artists. Glenbow welcomes you to experience the vibrant traditions of this region's peoples.

Petra: Lost City of StoneOctober 29, 2005 to February 20, 2006

Deep within the deserts of Jordan lays the ancient city ofPetra. Through a narrow gorge it emerges into view,revealing awe-inspiring monuments cut into the surroundingcliffs. What is this astonishing city? Who built it and why?Discover the forgotten city of Petra lost to the outsideworld for centuries. Growing as a popular tourist destination,Petra served as a location in the 1989 feature film,Indiana Jones and the Lost Crusade. Explore this impressiveancient city and its people with over 200 objects, includingcolossal stone sculptures and architectural elements travellingfrom Jordan for the first time.

Variations: Fifty Years of Canadian ArtMarch 18 to June 4, 2006

Glenbow Museum will present an exciting art exhibitionwhich will include two exhibits: Edwin Holgate: CanadianPainter travelling from the Montreal Museum of Fine Arts,and Art and Society in Canada 1913-1950, travelling fromthe National Gallery of Canada. Best known for his nudeportraits, Edwin Holgate was one of the most respectedartists of the human figure and joined the Group of Sevenin 1931. Holgate and his contemporaries left a lastingimpression on the era of Canadian modern art.

Art of the Ancient Mediterranean WorldJune 30, 2006 to June 10, 2007

Trace the rise and fall of Egyptian, Greek, and Roman civilizations and learn how they influenced one another in history, archaeology, folklore, religion, culture, andmore. This exhibition will feature over 200 objects and artifacts spanning a 5,000 year history. From prehistoricEgyptian earthenware to a fresco painting from Pompeii, it will trace the development of ancient Mediterranean civilization and its cultural connections.

Mavericks: An Incorrigible History of AlbertaGlenbow Museum’s New Permanent Gallery

Celebrating Alberta’s StoryOpening February 2007

The province of Alberta was shaped by ambitious, adventur-ous, and entrepreneurial people. The pioneer spirit, rootedfrom Alberta’s earliest residents, lives on today. In a city that’sgrown to world-class proportions, we will bring to light thespirited personalities that have shaped and continue to defineour province. Our new permanent 30,000 square foot gallerywill present the stories of how Alberta became what it istoday – unique, individualistic, and proud.

32 Glenbow Museum ANNUAL REPORT 2004/0532 Glenbow Museum FINANCIAL REVIEW 2004/05

FounderEric Harvie O.C., C.D., Q.C.

Board of Governors

Board ChairIan Bourne

Vice-ChairGail O’Brien

TreasurerHerb H. Snowdon, C.A.

GovernorsTerry AllenAlex ArchilaMary Ann CormackLauchlan CurrieJoanne CuthbertsonRod GreenRobert HerdmanEdmond LeeA. Webster Macdonald Jr., Q.C.Jean MerrimanHon. Judge William PeplerChristopher J. RobbMichael P. Robinson (President and CEO)

Past ChairRandal L. Oliver

Corporate SecretaryMarion Shill

Assistant Corporate SecretaryChristine Chin

Past ChairsEric L. Harvie,* O.C., C.D., Q.C., 1954-1966The Hon. Mr. Justice N.D. McDermid,* Q.C., 1966-1969James C. Mahaffy,* 1969-1970W. Donald C. MacKenzie,* 1970-1974The Hon. Douglas S. Harkness,* O.C., 1974-1977Jane T. Edwards, 1977-1980D. Edwin Lewis,* C.D., Q.C., 1980-1984E. David D. Tavender, Q.C., 1984-1988Catherine M. Evamy, 1988-1991Frederick F. Abbott, 1991-1994J. Sherrold Moore, 1994-1997Robert G. Peters, 1997-2000A. Webster Macdonald, Jr. Q.C., 2000-2002Randal L. Oliver 2002-2004

* deceased

FellowsRobert M. BordenDuncan F. CameronN. Glenn CameronGeorge Crawford, Q.C.Jane T. EdwardsCatherine M. EvamyRobert R. Janes, Ph.D.The Hon. E. Peter Lougheed, P.C., C.C., Q.C.Joy Harvie MaclarenJohn E. PooleE. David D. Tavender, Q.C.

Honourary Appointments Duncan F. Cameron, F.M.A., Director EmeritusDr. Hugh A. Dempsey, Chief Curator EmeritusPremier Ralph Klein, Curator Emeritus of Blackfoot EthnologyJoy Harvie Maclaren, Curator Emeritus of Blackfoot EthnologyDr. Marmie P. Hess, O.C., LL.D., Curator Emeritus of Inuit CollectionsEwa Smithwick, Conservator Emeritus

Associate Curators/ ResearchersDr. Geoffrey Simmins, Associate Curator of Art Elizabeth Jamieson, Associate Curator of Cultural HistoryChuck Stormes, Associate Curator of Cultural HistoryDr. Margaret Hanna, Associate Curator of EthnologyTom Blackweasel, Associate Curator of Blackfoot EthnologyDoreen Blackweasel, Associate Curator of Blackfoot EthnologyAndy Black Water, Associate Curator of Blackfoot EthnologyJenny Bruised Head, Associate Curator of Blackfoot EthnologyLouise Crop Eared Wolf, Associate Curator of Blackfoot EthnologyCharlie Crow Chief, Associate Curator of Blackfoot EthnologyRosie Day Rider, Associate Curator of Blackfoot EthnologyEarl Old Person, Associate Curator of Blackfoot EthnologyAllan Pard, Associate Curator of Blackfoot EthnologyJerry Potts, Associate Curator of Blackfoot EthnologyPat Provost, Associate Curator of Blackfoot EthnologyPete Standing Alone, Associate Curator of Blackfoot EthnologyJim Swag, Associate Curator of Blackfoot EthnologyDonna Weaselchild, Associate Curator of Blackfoot EthnologyFrank Weasel Head, Associate Curator of Blackfoot EthnologyClarence Wolfleg, Associate Curator of Blackfoot EthnologyHerman Yellow Old Woman, Associate Curator of Blackfoot EthnologyDr. Marmie P. Hess, O.C., LL.D, Associate Researcher

Honourary GovernorsDavid ClaydonStan DavisonMaureen G. EbertsJane T. EdwardsCatherine M. EvamyAnne FraserLinda M. HoholJoy Harvie MaclarenE. David D. Tavender Q.C.

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Above image: Architectural relief with head of Dushares-Dionysus, Petra, ca. 1st century

A.D. Department of Antiquities, Amman, Jordan. Photograph by: Peter John Gates.

Niisitapiisini: Our Way of Lifewww.glenbow.org/blackfoot

This innovative educational website in Blackfoot, English,and French for students in grades 4, 5 and 6 explores the stories of the Blackfoot people in their own words. The site’s activities are designed to engage learners as they discover the complexity and uniqueness of Blackfoothistory and culture.

Mavericks: An Incorrigible History of Albertawww.glenbow.org/mavericks

Students in grades 4, 5, 6, and 7 can access this onlinelearning resource to learn about our province through thelives of 40 mavericks who have contributed to Alberta’shistory. With over 500 artifacts, maps, archival documents,and historic photographs from Glenbow’s diverse collections,this bilingual website in English and French shares the stories of our unique province.

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130–9th Avenue S.E., Calgary, Alberta403·268·4100 www.glenbow.org

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