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University of Northern British Columbia Endowment Fund

Name: University of Northern British Columbia

Assets Under Management: $346 Million (Source: University of Northern British Columbia on 3/31/2012)

Annual Report: University of Northern British Columbia Financial Statements March 31, 2012

Portfolio Insights: “The University of Northern British Columbia (UNBC or the University) operates under the authority of the University Act of British Columbia. UNBC is a comprehensive research university dedicated to improving the quality of life in its region, and beyond, by attaining the e highest standards of under graduate and graduate teaching, learning, and research. The University is governed by a 15 member Board of Governors, eight of whom are appointed by the provincial government of British Columbia, including two on the recommendation of the UNBC Alumni Association.

The University’s endowments are primarily invested with the funds under management by Letko Brosseau & Associates Inc, and Gryphon Investment Counsel Inc. The endowments consist of restricted donations and capitalized investment income which maintains the economic value of the endowments over time. The University also holds surplus investment income in reserve to smooth out fluctuations in investment returns and to ensure spending distributions remain stable each year.” (Source)

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Top University of Northern British Columbia Endowment Fund Headlines:

1) Spectra Energy today announced over $90,000 in support for the University of Northern British Columbia’s (UNBC) Northern Medical Programs Trust (NMPT). The NMPT helps ensure that students are able to pursue education in health care by providing vital financial assistance to students pursuing rural clinical experiences in Central and Northern British Columbia (BC).

“Spectra Energy recognizes the invaluable role that UNBC plays in supporting our northern communities and the benefit of having healthcare students pursue rural clinical experiences in Northern BC. Our contribution will have a direct, positive impact on the quality of life and vitality of Northern communities and demonstrates our commitment to being a partner of choice to the communities in which we live and work,” said Doug Bloom, president, Spectra Energy Transmission West. (Source)

2) Lieutenant-General Romeo Dallaire, a Canadian humanitarian and best-selling author who has worked passionately as an advocate for genocide prevention, mental health and war-affected children, will headline the 11th annual Dr. Bob Ewert Memorial Lecture and Dinner this spring.

The annual event honours Dr. Bob Ewert, the first medical specialist in Prince George, and is a key fundraiser for the Northern Medical Programs Trust, an endowment fund that supports students in healthcare studies at the University of Northern British Columbia (UNBC).

As Force Commander of the United Nations Assistance Mission for Rwanda in 1994, Dallaire witnessed one of the worst genocides in modern history in which more than 800,000 Rwandans lost their lives in less than 100 days. Defying commands to withdraw, Dallaire stayed and, together with a small military force, assisted those seeking help from UN forces. (Source)

3) The Bank of Nova Scotia will be announcing a $75,000 contribution to the University of Northern British Columbia on June 6th. The presentation will occur in the Library at 1:30pm. Two-thirds of the contribution will support the University’s distance education program, while the remaining funds will be allocated to bursaries and scholarships for northern students, especially those with special needs.

“Business has a responsibility to ensure it supports educational programs like those at UNBC — programs aimed at meeting real needs and teaching real skills that benefit students, the community, and ultimately the entire country. UNBC’s offerings are valuable and relevant to Canadians from all walks of life,” says George Marlatte, Scotiabank Senior Vice-President for BC and the Yukon. “Scotiabank’s donation to UNBC is just the most recent example of a longstanding commitment to supporting educational and technological excellence, as well as involvement in supporting the communities it serves.” (Source)

4) BC Biotechnology leader Dr Donald Rix is donating $3 million to UNBC to expand health research and education in northern British Columbia. The contribution is the largest ever received by UNBC. In response, the University’s medical building will be named the Dr Donald Rix Northern Health Sciences Centre.

Dr Rix has been a member of UNBC’s Board of Governors since 2003 and has active relationships with all of BC’s universities and BCIT. He has contributed nearly $1 million to UVic’s Bamfield Marine Station, provided major funding to an $8 million building at UBC housing high-tech companies, and received honorary degrees from Simon Fraser University, BCIT, and the University of Western Ontario. Dr Rix has also established a facility at Western that supports research on the molecular basis of diseases such as cancer, diabetes, and multiple sclerosis. He is pictured here (second from left) with Chancellor Peter Bentley (far left), Dr Rix’s daughter, Laurie, and UNBC President Charles Jago (far right). (Source)

5) William (Bill) Krane, who has an extensive background in university teaching, research, and administration, is the University of Northern British Columbia’s new Vice President Academic and Provost.

Dr. Krane, who will begin work at UNBC in May, earned an undergraduate degree in psychology and mathematics from the University of Windsor, with a master’s degree and PhD in psychology from York University. For more than 10 years, Dr. Krane served as the Associate Vice President Academic and Associate Provost at Simon Fraser University. He has also been involved with a wide range of Ministry of Advanced Education and University committees, including SFU’s Senate Committee on Enrolment Management and Planning. Currently Dr. Krane leads a university task force on flexible education that is exploring ways in which the university community collectively and individually designs, delivers and supports student and instructor choice within academic programs in response to increasingly diverse student needs. (Source)

About Richard C. Wilson