A Short History
Fredericton Sports Investment started as a group of local hockey supporters who banded together to operate the Fredericton Jr. Red Wings in the New Brunswick Jr. B Hockey League in 1981. The major fundraising initiative was an auction at which the public could bid on various items donated by local merchants. After only two years the league folded, but FSI continued its annual fundraising activities, with the proceeds going to support “minor hockey and other young athletes and teams”.
The format was changed to a Dinner/Auction in 1990, and, for several years, hi-lited by a “name” guest speaker. Gross revenues steadily increased from about $10,000 in that first year, to $45,000 in 1991, $105,000 in 2001, $230,000 in 2011, and a record $280,000 in 2016. FSI has, from the 37 auctions, returned over $4,000,000 to this community. While most of the funds are distributed to hockey players and teams, FSI has, during the last decade, made over 500 grants in 45 sports other than hockey.
FSI administers two special endowment funds – The Timmy Munn Memorial Scholarship Fund and the Timmy Munn Needy Kids Fund. The former provides financial support for first year university students, while the latter, via the Brendon Oreto Foundation, provides funds for kids who can not afford to play their sport. Both funds are in memory of deceased hockey player Timmy Munn, and were established from the sales of a series of limited edition hockey prints donated to FSI by Tim’s mother, celebrated artist Catherine Karnes Munn.
Another initiative of FSI is the Fredericton Sports Wall of Fame, inaugurated in 1992, which can be viewed in its renovated display at the Delta Hotel. Every May, a reception and dinner are held to honour and induct the successful nominees, who now total 85 Athletes, 63 Builders and 22 Teams. At that event we also recognize Fredericton’s Athlete of the Year with the Myer and Jack Budovitch Trophy, and long- time sports volunteers with the Bill MacGillivary Volunteer Award.
FSI also partners with the NB Association of Community Living to present an Elimination Draw each October, providing more funds for amateur sports in our community.
FSI has a volunteer Board of 30 local business, professional and retired individuals who give of their time to support the youth of this community.
For more information go to our website at www.fsinb.ca