At the Annual Meeting of The Loyalist College Foundation held May 26th, Foundation Chair Beverley Townsend and Vice-Chair Bernie Ouellet were re-elected for the upcoming year.
Continuing as community representatives on the Board are Directors Richard Belanger, Natalie Bohnen-Twiddy, Kristin Crowe, Donna Gowthorpe, Catharine Huff, Ross McDougall, Mark Rashotte, Mark Rollins, and John Sherratt. Pat Dockrill, Susan Scarborough, Margaret Werkhoven, and Stuart Wright represent the College Board of Governors on the Foundation Board.
Ex-officio Directors include College President, Maureen Piercy; Vice-President Corporate Services & Chief Financial Officer, Allan Ross; and Executive Director of College Advancement & External Relations, Dianne Spencer.
Foundation members learned that the endowment fund for bursaries for Loyalist College students had reached $7.227 million at March 31, 2011. During the past year, 212 awards with a total value of $80,753 from endowed funds were presented to Loyalist students.
During the year, $341,294 was received through donations and event fundraising revenue, and $583,069 in enhanced matching funds from the provincial government’s Ontario Trust for Student Support (OTSS) program, was presented to the College by the Hon. Leona Dombrowsky, MPP, Prince Edward-Hastings. The College presented a total of $924,363 to the Foundation to become part of the endowment fund for student bursaries.
“These results are excellent,” said College President, Maureen Piercy. “The College is very appreciative of the government’s matching opportunity through the Ontario Trust for Student Support, and we are pleased that the generosity of individuals and organizations has helped us to maximize this funding for our students. The endowed funds are designated solely for student financial assistance, and will help many students complete their post-secondary education at Loyalist College.”
“On behalf of the Directors of the Foundation, I want to express our gratitude to all Loyalist College donors and friends, for your ongoing support,” said Foundation Chair Beverley Townsend. “We appreciate this important investment in Loyalist students, and thank you most sincerely.”
At the Annual General Meeting on May 26th, the Loyalist College Foundation was presented with a cheque for $924,363 from the College. The total will become part of the endowment fund for student bursaries, and includes $341,294 received in donations and special event revenue, and $583,069 from the provincial government’s Ontario Trust for Student Support (OTSS) program. The overall endowment fund now stands at $7.227 million.
Joining in the celebration: (l to r) Chris Barnim, Student Government President; April Chamberlain, Student Government V.P.; Susan Scarborough, Vice-Chair Loyalist Board of Governors; Rosemary Rooke, Loyalist Alumni Association President; Beverley Townsend, College Foundation Chair; College President Maureen Piercy; and, Leona Dombrowsky, MPP, Prince Edward-Hastings.
MPP Prince Edward-Hastings, Leona Dombrowsky (right), presented Loyalist College with a cheque for $583,069 as part of the Ontario Trust for Student Support (OTSS) program, at the College Foundation Annual Meeting. The funds are specifically designated for student financial assistance.
Pictured with MPP Dombrowsky are (l to r): Susan Scarborough, Vice-Chair Loyalist Board of Governors; Beverley Townsend, College Foundation Chair; and, College President Maureen Piercy.
Media Contact: Dianne Spencer, Executive Director, College Advancement & External Relations, Loyalist College (613) 969-1913, ext. 2235; Fax: (613) 969-7902; e-mail: dspencer@loyalistc.on.ca