Belleville, Ontario, June 4, 2018 – At the Annual Meeting of The Loyalist College Foundation on May 31, members learned that the endowed fund for student support had reached a significant milestone of $11 million at March 31, 2018. The endowment stood at $10.6 million at March 31, 2017. Susan Scarborough was re-elected as Foundation Chair and Margaret Werkhoven was elected as Vice-Chair for the upcoming year.
Carrie Gregoire and George Reddom will join the Board as Community Directors for the next three-year term and other Community Directors include Catharine Huff, Bernie Ouellet and Brian Smith. Representatives of the College Board of Governors will be confirmed in the Fall.
Ex-officio Directors include College President & CEO, Ann Marie Vaughan; Sr. Vice-President Corporate Services & Chief Financial Officer, Cathy Rushton; and Executive Director of College Advancement & External Relations, Dianne Spencer.
Retiring Community Directors Kristin Crowe, Donna Gowthorpe (Vice-Chair), Mark Rollins and John Sherratt were thanked and recognized for their volunteer service on the Foundation.
During the year, 322 awards with a total value of $168,231 were presented from investment earned through the Foundation endowment. In addition to the awards from Foundation accounts, another $264,659 was made available through 334 expendable awards, bringing the total presented to $432,890. This includes support from The W. Garfield Weston Foundation, for The W. Garfield Weston Foundation Fellowships – a pilot program developed at Loyalist College, designed to increase interest and participation in careers in skilled trades. The Foundation is extending the program to selected colleges across Canada, and the program will be known as The Weston Family Scholarship program supporting students in skilled trades.
The Loyalist College Foundation was established in 1995 to provide leadership in meeting the goals for long-term development and fundraising to benefit the students and programs at Loyalist College. It began with $485,156 in endowed funds held by the College at that time.
A Donor Recognition Reception was held following the AGM, to celebrate donors to the College during its 50-year history. Recognition plaques have been installed in the area adjacent to The Parrott Centre, with Donor categories and video tributes.
About Loyalist College
Loyalist is Ontario’s Destination College, a deliberate choice of students and community for quality programs and student engagement, enabled by a creative, innovative and supportive organizational and learning culture. Located on more than 200 acres in the beautiful Bay of Quinte region, the College is perfectly positioned between Toronto, Ottawa and Montreal. Loyalist prepares students for rewarding careers through more than 70 full-time diploma, advanced diploma, certificate and apprenticeship programs in applied sciences, biosciences, building sciences, business, health sciences, human studies, justice studies, media studies, skills and technology. Through the College’s 100+ university transfer agreements, many Loyalist diploma graduates earn a degree in as little as one additional year. Continuing education options are also available through LoyalistFocus.com, including hundreds of online, distance and in-class courses. The College is a key driver of social and economic health in rural-urban eastern Ontario. It contributes 5.4 percent to the Gross Regional Product, representing $530 million annually to the regional economy – based on a 2014 report by Economic Modeling Specialists International (EMSI). Loyalist collaborates with industry partners in various fields on applied research projects, creating amazing learning experiences for students and faculty. The College’s Applied Research Centre for Natural Products and Medical Cannabis (ARC) is Canada’s only College with a laboratory approved to conduct research with cannabis under the Narcotic Control Regulations. For more information on Loyalist’s Belleville and Bancroft campuses and Port Hope satellite location, visit YoureGoingPlaces.com.
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Media Contact: Dianne Spencer, Executive Director, College Advancement & External Relations, Loyalist College
(613) 969-1913, ext. 2235; e-mail: firstname.lastname@example.org