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Western University Be Extraordinary The Campaign For Western

Thank you

by Amit Chakma, President & Vice-Chancellor and Frank Angeletti, Chair, Board of Governors | October 3, 2011

Your gift for endowment is supporting teaching, research and students, today, and far into the future. Through endowment, generations of people will benefit from your investment in the value of education and the advancemet of knowledge.

Endowments held at Western generated more than $6.7 million this past year for research, teaching and student awards.

Thanks to your generosity, we were able to support more than 1,500 student awards and 36 faculty members through endowed chairs, professorships and fellowships.

The University’s endowed investments performed well, with net returns (after fees) of 10.4% for the fiscal year ending April 30, 2011. Total endowed assets under management grew from $192 million at April 30, 2008, prior to the market downturn, to $205 million at April 30, 2011. Over this challenging time we have received $21 million in new gifts, maintained annual support to our students and faculty, and have regained most of the losses from the depths of the downturn.

Looking ahead, our future fundraising efforts will focus on several key areas that fit with the University’s strategic plans for the future. This includes a program through which the University will match donor gifts of $1.5 million, dollar-for-dollar, to create $3-million endowed chairs. In just over one year of this program, we publicly confirmed four such chairs with more announcements to come.

We have also established a matched giving program to support our new Global Opportunities Awards, enabling donors to help more Western students participate in exchanges, study abroad programs and community service initiatives. Such international learning opportunities help students develop the skills, perspectives and knowledge needed in today’s world. Other fundraising priorities include developing more support for scholarships and areas of globally significant research and teaching.

Your support helps us ensure that Western is recognized nationally and internationally as a place of academic distinction that delivers transformational learning, engages in research with world impact, and develops the leadership qualities of our students.

We are pleased to enclose a financial report on the specific endowment fund(s) of interest to you. On behalf of the students and faculty who benefit from your generosity, thank you for your support.

This article appeared in the 2011 edition of Endowment Report
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