2008 Annual Report - Trent University
2008 Annual Report - Trent University
2008 Annual Report - Trent University
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Learning to make a<br />
TM<br />
world of Difference<br />
<strong>2008</strong> <strong>Annual</strong> <strong>Report</strong><br />
www.trentu.ca
<strong>Trent</strong> in<br />
the world<br />
Caring for<br />
our earth<br />
An exceptional<br />
world view<br />
Global context
As I come to the close of my final term as president of <strong>Trent</strong> <strong>University</strong>, it<br />
occurs to me that so many of the initiatives underway today connect to the<br />
threads of plans carefully put in place ten years ago. This period represents<br />
almost a quarter of the <strong>University</strong>’s lifetime. At <strong>Trent</strong>, we are constantly<br />
building on the excellence of the past to lay the groundwork for the future<br />
ahead. With <strong>Trent</strong>’s 50th anniversary ever closer on the horizon – just six<br />
years away – we have laid a great deal of that foundation.<br />
Leadership sets the tone in a complex institution. And, in a place like<br />
<strong>Trent</strong>, there are many leaders amongst our students, faculty and staff. We<br />
welcomed Mr. David Morton as chair of our Board, a strong leader with vast<br />
experience in the private sector as the former president and CEO of Quaker<br />
Oats. At the same time, we tip our hat to former chair Mr. Reid Morden,<br />
who provided <strong>Trent</strong> with six years of sure-handed guidance and an expert<br />
sense of governance noted by all who had the privilege to work with him.<br />
Change is a catalyst – and, as you will see in this report, <strong>Trent</strong> continues<br />
to welcome innovation, growth, and opportunity. From a $42 million<br />
facilities renewal plan that is well underway to the promise of exciting new<br />
partnerships, <strong>Trent</strong> continues on a trajectory toward its preferred future.<br />
Much has been achieved and much more will be realized through the<br />
strong leadership of our Board of Governors, the dedication of our faculty<br />
members, the inspiration of our students and alumni, and the hard work of<br />
<strong>Trent</strong> staff. In this, my final year as president, I wish to thank all who have<br />
made it possible for the <strong>University</strong> to take such significant strides in our<br />
development, expansion, and national and international standing.<br />
This year’s annual report exemplifies leadership. Today’s <strong>Trent</strong> – and<br />
certainly the <strong>Trent</strong> of the future – is at the centre of so many important<br />
initiatives: leading the world in the research and protection of our most<br />
precious resource: water; contributing to the historical, cultural and political<br />
dialogue of our present and future; delving into the secrets of DNA and<br />
training RCMP scientists in the art and science of forensic investigation; and<br />
unearthing important anthropological clues to our past. Most importantly, as<br />
<strong>Trent</strong> advances knowledge in these and other disciplines, at the heart of our<br />
mission is the transfer of that knowledge to the next generation of thinkers<br />
and leaders: our students.<br />
On behalf of the entire <strong>Trent</strong> community, I would like to thank President<br />
Patterson for her leadership over the past decade. Running a <strong>University</strong><br />
with its many constituencies can be complex at the best of times but, under<br />
Bonnie’s guidance, a multi-year plan has been put in place, a network<br />
of strategic partnerships and contacts has been developed, and we have<br />
wonderful new facilities with state-of-the-art equipment. Indeed, the<br />
groundwork has been laid to see the <strong>University</strong> comfortably moving towards<br />
its 50th anniversary in 2014.<br />
While change in leadership is often challenging, it can, also, provide a<br />
chance for renewal and an opportunity to build on the best of our history<br />
as we prepare for an exciting future. In order to build on a distinct national<br />
identity, we must continue to attract the most talented and dedicated faculty<br />
and staff, enroll the best students, draw the right kind of investment and<br />
philanthropy, and build the infrastructure we need to highlight <strong>Trent</strong>’s unique<br />
and important teaching environment.<br />
Working together, I am confident we can continue to make <strong>Trent</strong> <strong>University</strong><br />
a preferred destination for faculty, students and staff.<br />
Bonnie M. Patterson<br />
President and Vice-Chancellor<br />
David L. Morton<br />
Chair of the Board of the Governors
This is <strong>Trent</strong> in <strong>2008</strong><br />
“A” Grades<br />
The Globe and Mail’s <strong>Report</strong> on<br />
Education gave <strong>Trent</strong> top marks<br />
in <strong>2008</strong><br />
Quality of Education A<br />
Quality of Teaching A<br />
Class Sizes A<br />
Student-Faculty Interaction A-<br />
Most Satisfied Students A-<br />
Campus Atmosphere A<br />
The Centres of Knowledge:<br />
A New Way to Talk About <strong>Trent</strong><br />
This year saw the launch of the Centre of Knowledge<br />
in the Environment, the first in a series of virtual<br />
Centres to be launched at <strong>Trent</strong> leading up to the<br />
<strong>University</strong>’s milestone 50th anniversary in 2014. The<br />
Centres of Knowledge recognize the <strong>University</strong>’s<br />
intellectual capital, our world-class faculty, as the<br />
engine that drives innovation and student success.<br />
Each Centre will provide targeted opportunities<br />
for philanthropic investment tied directly to <strong>Trent</strong>’s<br />
academic and research plans.<br />
Top-of-Class Employment Rates<br />
Six months after graduation, 97.7% of humanities students<br />
and 94.9% of all <strong>Trent</strong> grads were employed. Two years after<br />
graduation, 96.9% of all <strong>Trent</strong> grads were employed.
<strong>Trent</strong> by Numbers<br />
In <strong>2008</strong>, the <strong>University</strong> boasts a student body of<br />
more than 7,500, including over 500 international<br />
students and more than 400 graduate students.<br />
#1 for Scholarships<br />
& Bursaries<br />
<strong>Trent</strong> invests the most in scholarship<br />
funding per capita of any university in<br />
its category in Canada. In the past year<br />
alone, 26 new bursaries and awards<br />
were established.<br />
A Research-Intensive<br />
<strong>University</strong><br />
<strong>Trent</strong> was ranked second* in its category<br />
for research funding. Since 1999,<br />
research funding at <strong>Trent</strong> has grown<br />
400% to just over $15M in 2007.<br />
*Research Infosource<br />
Sky-High Alumni<br />
Satisfaction<br />
98% of alumni said their undergraduate<br />
experience was satisfactory; 93% reported<br />
positive overall feelings about <strong>Trent</strong>; and 81%<br />
felt <strong>Trent</strong> did an excellent job providing an<br />
intimate learning environment where their<br />
professors got to know them.<br />
The Ripple Effect<br />
<strong>Trent</strong> <strong>University</strong> generates a<br />
$281-million annual economic impact.<br />
Zhifeng (Kelvin) Chen, Bachelor of Business Administration<br />
with a specialization in Human Resource Management and a<br />
minor in Economics. Kelvin is from Guangzhou, China.
Leadership Matters<br />
A President’s Legacy: Professor Bonnie Patterson<br />
As the <strong>University</strong>’s Presidential Search Committee reviews candidates for <strong>Trent</strong>’s seventh president, the <strong>University</strong> community<br />
thanks Bonnie Patterson for creating a legacy of excellence that will live on at <strong>Trent</strong> for years to come. Appointed president<br />
of the <strong>University</strong> in 1998, Bonnie Patterson has a long list of accomplishments that reflect her commitment to accessible post<br />
secondary education, research and innovation.<br />
first president in the history of the <strong>University</strong> to complete<br />
two full terms of service<br />
an advocate for smaller institutions at home and abroad<br />
served as chair of the Association of Universities and<br />
Colleges of Canada and a Canadian representative on the<br />
Association of Commonwealth Universities Executive<br />
research revenues doubled from $6.2 million in 2001-02<br />
to over $14 million in 2006-07<br />
attracted ten Canada Research Chairs<br />
student enrollment at an all-time high<br />
implemented a new strategic plan, a vision statement,<br />
a $42.4 million facilities renewal plan, a new research<br />
plan and a philanthropic plan that has already resulted in<br />
milestone contributions<br />
made use of the <strong>University</strong>’s wide and deep base of<br />
research across disciplines to fuel state-of-the-art<br />
new facilities with top instrumentation such as in the<br />
Worsford Water Quality Centre and partnerships like the<br />
Peterborough Regional Innovation Cluster, connecting<br />
innovation to the economic wellbeing of our community<br />
served as chair of the Board of the local Peterborough<br />
Regional Health Centre, contributing to a new hospital for<br />
the community on time and on budget.<br />
secured funding for her new programs in Education,<br />
Nursing and Forensic Science<br />
doubled <strong>Trent</strong>’s differentiation grant from the provincial<br />
government<br />
provided guest lectures in undergraduate business classes<br />
every year<br />
<br />
David Morton Elected Board Chair: June <strong>2008</strong><br />
elected to the position of chair of the Board of Governors for a three-year term<br />
a retired president & CEO of the Quaker Oats Co.<br />
currently serves as board member for numerous organizations including Frontier College, and<br />
as a committee member for the Peter Gzowski Invitational for Literacy<br />
donor and past chair of <strong>Trent</strong>’s Advancement Committee<br />
has an Honorary Doctor of Laws degree from <strong>Trent</strong> <strong>University</strong>
<strong>Trent</strong> by Numbers<br />
Countries represented in the <strong>Trent</strong> community 114<br />
International students on campus 550+<br />
Exchange partnerships with foreign universities 40+<br />
Snapshot of a Chancellor<br />
Dr. Roberta Bondar<br />
appointed chancellor in 2003<br />
has officiated at more than 25 convocation<br />
ceremonies at <strong>Trent</strong> <strong>University</strong><br />
welcomed and inspired students,<br />
distinguished scholars and scientists from<br />
around the world<br />
bestowed the gift of her photography<br />
on the <strong>University</strong> with stunning prints<br />
of her work<br />
chaired the Chancellor’s Dialogues, an<br />
opportunity for internal and external<br />
community members to hear from experts<br />
on topics such as SARS<br />
hosted Multiple Lenses: The Chancellor’s<br />
Forum, an opportunity for high school<br />
students to connect with her experiences as<br />
a life-long learner across many disciplines<br />
Dr. Bondar will preside over her last<br />
convocation ceremonies in June 2009<br />
Honouring a Dedicated<br />
Board Chair<br />
Reid Morden<br />
served nine years on <strong>Trent</strong>’s Board of<br />
Governors<br />
served as chair of the Board of Governors<br />
from 2002 to <strong>2008</strong> and was named an<br />
honorary Board member<br />
<strong>Trent</strong> <strong>University</strong> dedicated the Reid<br />
Morden Study Room in the Bata Library in<br />
his name in June <strong>2008</strong><br />
the Reid and Margaret Morden Award in<br />
the Humanities, set up by Mr. and Mrs.<br />
Morden in 2005, continues to support<br />
students in need<br />
“I love <strong>Trent</strong>’s small communities. Coming from a small<br />
town, it was important to me that I felt a sense of<br />
community where I was living and I found that on the first<br />
day in residence when I arrived at <strong>Trent</strong>!”<br />
Beckee Anderson, third-year Concurrent Education<br />
student, studying History and English
ATTRACTING THOSE WHO<br />
MAKE A WORLD OF DIFFERENCE<br />
<strong>Trent</strong> welcomed numerous<br />
dignitaries in <strong>2008</strong><br />
Robert F. Kennedy, Jr.<br />
In association with the 51st <strong>Annual</strong> Conference of the<br />
International Association of Great Lakes Research and<br />
the David Sheperd Family Lecture Series, <strong>Trent</strong> <strong>University</strong><br />
presented the renowned environmental advocate; R. F.<br />
Kennedy, Jr. gave an impassioned 90-minute presentation<br />
on ‘Our Environmental Destiny.’<br />
Other visitors to <strong>Trent</strong> included:<br />
Anti-war activist Daniel Ellsberg<br />
Famous author Alistair MacLeod<br />
Bestselling mystery writer Linwood Barclay<br />
Liberal party leader Stéphane Dion<br />
Hon. George Smitherman, Minister of Health and<br />
Long Term Care<br />
Honourable John Wilkinson, Minister of Research<br />
and Innovation, and the Honourable John Milloy,<br />
Ontario’s Minister of Colleges, Training and Universities.<br />
41st Convocation<br />
At <strong>Trent</strong>’s <strong>2008</strong> Convocation, close to 2,000 undergraduate degrees,<br />
38 Masters degrees and eight Ph.D.s were granted. This year marked <strong>Trent</strong>’s largest ever<br />
graduating classes in Nursing (123 graduates) and Forensic Science (40)<br />
Honorary Degrees Conferred<br />
At this year’s convocation ceremonies the following were awarded honorary degrees in<br />
recognition of their talents and achievements, which embody the spririt of <strong>Trent</strong> <strong>University</strong>:<br />
Hugh Anson-Cartwright, dedicated to championing and preserving Canadian literature<br />
Natalie MacMaster and Donnell Leahy, award-winning Canadian musical sensations<br />
Zacharias Kunuk, a filmmaker, sculptor and officer of the Order of Canada<br />
Michael MacMillan, pioneer in the Canadian broadcast industry and executive<br />
chairman of Alliance Atlantis Communications<br />
The Honourable Flora MacDonald, distinguished federal politician, companion of the<br />
Order of Canada and advocate for international development
<strong>Trent</strong> by Numbers<br />
241 news releases issued by <strong>Trent</strong> <strong>University</strong> in 2007/08<br />
resulted in more than 100 million impressions in the media.<br />
Making Headlines<br />
In the past year, over 2,000 media outlets have cited the<br />
groundbreaking research of <strong>Trent</strong> faculty to help interpret<br />
current issues and events, including:<br />
The New York Times, Canadian Wildlife<br />
Magazine and newspapers from the<br />
Vancouver Sun to the Montreal Gazette<br />
covered Associate Professor Dr. Brendan<br />
Hickie’s research into the persistent levels of<br />
PCBs in killer whales.<br />
The Toronto Star, the National Post, and<br />
publications from Vernon, BC to Truro,<br />
NS featured Professor Barbara Marshall’s<br />
research into the impact of Viagra and related<br />
drugs on people’s expectations around<br />
sexual performance.<br />
Canada AM, The Daily Planet and others<br />
interviewed Dr. Brad White about his genetic<br />
research on pink dolphins as a distinct<br />
species.<br />
More than 20 Ontario newspapers cited<br />
work by Dr. Peter Dillon on lead in community<br />
water supplies.<br />
Anthropology professor Dr. Eugène Morin’s<br />
groundbreaking work demonstrating that<br />
modern humans are related to Neanderthals<br />
captured headlines around the world,<br />
including the Los Angeles Times, Globe &<br />
Mail, National Geographic News, and the<br />
Xinhua News Service in China.<br />
CBC Sunday News and The Toronto Star<br />
interviewed politics professor Dr. Gavin Fridell<br />
about his research exploring the global<br />
effectiveness of fair trade coffee policies.<br />
National and local media sought History<br />
professor Dr. Dimitry Anastakis’ expert opinion<br />
throughout the year as the auto industry crisis<br />
deepened, including Canada AM, The Toronto<br />
Star, Peterborough Examiner, Peterborough<br />
This Week, CanWest News Service and<br />
CHEX TV.<br />
“When looking for universities I was looking for a small university where I could excel<br />
academically and be involved in campus life. As an international student I was also<br />
looking for a university with a strong international program and network. I found all<br />
this at <strong>Trent</strong> and have been pleased with the opportunities I have here as a student and<br />
member of the community.”<br />
Esther Sue, Business Administration and Economics joint major from Suva, Fiji Islands,<br />
Global Citizen Scholarship
A Place to Thrive and Explore<br />
<strong>Trent</strong> by Numbers $2,217,861<br />
Total raised for Catharine Parr Traill College Renovations<br />
Founded in 1964 – a time of idealism, rapid social change, and new frontiers in education<br />
– <strong>Trent</strong> is renowned for providing exceptional undergraduate education that balances smallgroup<br />
teaching, strong academic programs, and robust research.<br />
While ushering in further growth and vitality at its satellite campus in Oshawa, <strong>Trent</strong> also continues to evolve its Peterborough<br />
campus, through a $42 million Facilities Renewal Plan. Key areas of investment include the addition of Module “C” to the DNA<br />
Building as <strong>Trent</strong>’s new “Health Sciences Facility”, the repurposing of Catharine Parr Traill College to serve the <strong>University</strong>’s growing<br />
graduate student population, renovations to Bata Library, and the expansion of Athletics and Recreation facilities and programs. A<br />
new student commons is planned in the future.<br />
PROGRAM INNOVATION<br />
Enrolment in <strong>Trent</strong> <strong>University</strong>’s Graduate<br />
Studies programs has increased over<br />
60% since 2005 to approximately 400<br />
students in 2007/<strong>2008</strong>. A continued surge<br />
is anticipated as the <strong>University</strong> looks<br />
to again double its 2004 enrollment<br />
levels in grad studies for an overall<br />
estimated enrollment of 600 graduate<br />
students by 2012.<br />
<strong>Trent</strong> introduced a course-based option<br />
in several Masters’ programs, allowing<br />
students to complete their degree in 12-<br />
16 months as opposed to the traditional<br />
two years for a thesis-based program.<br />
<strong>Trent</strong> and Fleming College together<br />
welcomed the first students of the<br />
Bachelor of Science in Ecological<br />
Restoration, a collaborative program<br />
developed to teach students skills in<br />
the recovery of degraded, damaged or<br />
destroyed ecosystems.
Fostering Excellence in Athletics and recreation<br />
Building on the development of a new stadium in 2007, complete with state-of-the-art artificial turf, a press box, score clock,<br />
and seating for 1,000 spectators, <strong>Trent</strong> will break ground on a 22,000 sq. ft. addition to its athletic facilities. Oriented toward the<br />
beautiful Otonabee River, the expansion and renovation will feature a larger fitness centre, state-of-the-art rowing and paddling<br />
tank, a therapy tank, sports medicine centre, cardio loft, international squash court, double gymnasium and refurbished 25-metre<br />
pool. In addition, Athletics will augment support for coaching excellence and increase financial awards available for outstanding<br />
athletes, while providing enhanced access to community groups and members of the public.<br />
New! LIVING-LEARNING<br />
COMMUNITIES<br />
Building on its distinctive college system, <strong>Trent</strong> <strong>University</strong> is<br />
enriching residence life for all students on campus with the<br />
addition of two new Living Learning Communities (LLCs).<br />
Kicked off in 2006, LLCs are student-initiated, developed in<br />
collaboration with <strong>Trent</strong>’s Housing Office and its colleges,<br />
joining students with faculty and staff for events and<br />
programming on distinct themes. With the new Adventure<br />
Living Community at Champlain College and Expressions<br />
at Otonabee College, <strong>Trent</strong> now has five Living Learning<br />
Communities on Symons Campus, including; the <strong>Trent</strong><br />
Global Living Community; Teachers of Tomorrow; and the<br />
Environment, Community and Leadership Program.<br />
New Home of<br />
Graduate Studies<br />
In order to meet the growing demand for graduate programs,<br />
Catharine Parr Traill College has been repurposed into<br />
a primarily graduate studies college. <strong>Trent</strong> <strong>University</strong>’s<br />
downtown campus, rich in heritage architecture, is situated<br />
on a drumlin overlooking central Peterborough. Already<br />
home to some of <strong>Trent</strong>’s flagship graduate programs, further<br />
programs will be consolidated at Traill with the creation of a<br />
new lecture hall, renovated apartments for graduate students,<br />
an all new Bagnani Hall, and new office and teaching space<br />
for graduate students.<br />
Environmental Leadership<br />
<strong>Trent</strong> continues to lead with new initiatives towards<br />
greater sustainability:<br />
Locks 22 and 23 are being developed with a new hydro generating station<br />
creating revenue for the <strong>University</strong> and clean, renewable power for 4,000 homes<br />
- a $30-million investment<br />
The Stanley Adamson Powerplant on <strong>Trent</strong> property, which provides a large<br />
percentage of the <strong>University</strong>’s hydro electric needs through 100% green energy<br />
with no CO2. The plant is soon to be rebuilt, making <strong>Trent</strong> even more energy selfsufficient<br />
and providing opportunities for <strong>Trent</strong> to sell power back to the grid.<br />
The <strong>University</strong> boasts a number of green roofs, including one ‘production roof’<br />
where vegetables are grown, harvested, cooked and sold at The Seasoned Spoon,<br />
an organic eatery on campus<br />
A $2 per student levey, which has raised $15,000 towards sustainability initiatives<br />
A new fiber recycling stream, an expansion of the <strong>University</strong>’s already successful<br />
recycling and composting programs
LEADING RESEARCH<br />
IN STRATEGIC AREAS<br />
One of Canada’s top universities, <strong>Trent</strong> is consistently recognized nationally for<br />
faculty who maintain a high level of innovative research activity and a deep<br />
commitment to the individual student.<br />
In February <strong>2008</strong>, the <strong>University</strong> introduced a new Strategic Research Plan which sets out a<br />
framework for Strategic Research Clusters as follows:<br />
#1: Biological and Forensic Sciences<br />
#2: Canadian and Indigenous Studies<br />
#3: Cultural Studies and the Humanities<br />
#4: Education, Health, and Sustainability<br />
#5: Environmental Science, Materials Science and<br />
Quantitative Modelling<br />
#6: Understanding People, Communities<br />
and Institutions<br />
10<br />
“As a research-intensive university, <strong>Trent</strong> continues to make impressive strides in all<br />
areas across the humanities, natural sciences and social sciences, developing new<br />
knowledge that will make a significant difference to our world. “<br />
Dr. Gyles Iannone, Acting Associate Vice President of Research<br />
A <strong>Trent</strong> alumnus (MA ‘92), member of the Anthropology Department and leader of<br />
operations for the department’s field school in Belize.
<strong>Trent</strong> by Numbers<br />
$15,750,000<br />
Total research funding in 2007-08<br />
Percentage increase over 06-07 = 50% increase<br />
Research Chairs Lead Innovation<br />
The Canada Research Chairs (CRCs) program is Canada’s highest honour<br />
for research excellence. The CRC program works to enhance Canada’s<br />
competitiveness in the global knowledge-based economy, improving Canadians’<br />
health, and enriching our social and cultural life. <strong>Trent</strong> has ten CRCs on staff,<br />
a significant number for a university of its size. These nationally recognized<br />
researchers make connections with students at the undergraduate level every day.<br />
NEW this year<br />
Carol Williams - Feminist and Gender Studies<br />
RENEWED<br />
Bryan Palmer - Canadian Studies<br />
Jim Parker - Emotion and Health<br />
EXISTING<br />
Julian Aherne - Environmental Modelling<br />
James Conolly - Archaeological Studies<br />
Céline Guéguen - Aquatic Sciences and Biogeochemistry<br />
Marrie Mumford - Aboriginal Arts and Literatures<br />
Dennis Murray - Terrestrial Ecology<br />
Davide Panagia - Cultural Studies<br />
Paul Wilson - DNA Profiling, Forensics and Functional Genomics<br />
11
GIVING TO MAKE A WORLD OF DIFFERENCE<br />
Growth & Momentum<br />
in Philanthropy <strong>2008</strong><br />
$1M Endowed Professorship furthers New Era in<br />
Philanthropy and Faculty Recruitment<br />
<strong>Trent</strong> <strong>University</strong>’s reputation as an international leader in<br />
the environment received a significant boost this spring with<br />
the announcement of the new David Schindler Endowed<br />
Professorship in Aquatic Science, the first-ever endowed<br />
professorship at the <strong>University</strong>, valued at $1 million.<br />
The generous, anonymous gift honours the work of Dr. David<br />
Schindler, a former <strong>Trent</strong> professor and one of the world’s<br />
leading limnologists, a specialist in the study of freshwater lakes<br />
and rivers.<br />
“Freshwater will be the foremost environmental problem<br />
in the century ahead, and probably well beyond,” said Dr.<br />
Schindler, adding, “<strong>Trent</strong> has become one of the world’s<br />
foremost limnological centers. I am very proud to have my name<br />
associated with the developments here.”<br />
In February, <strong>2008</strong>, <strong>Trent</strong> <strong>University</strong>’s Board of Governors<br />
established a policy to guide the creation of endowed<br />
chairs and endowed professorships. Signaling a new era in<br />
faculty recruitment and philanthropy at <strong>Trent</strong>, this policy will<br />
strategically position the <strong>University</strong> to recruit and retain high<br />
quality faculty as the institution approaches its 50th anniversary<br />
in 2014.<br />
Alumni contributed an overwhelming $3.9 million to <strong>Trent</strong> in<br />
2007/<strong>2008</strong>, including the first multi-million dollar gift from an<br />
alumnus family to establish the <strong>University</strong>’s inaugural endowed<br />
Chair in Ethics. Since 2000, alumni have donated over $7 million<br />
to <strong>Trent</strong>.<br />
“<strong>Trent</strong> is experiencing a surge in transformational giving directly related to a sense<br />
of confidence in the future of the institution, its goals and its values. It’s a vote in<br />
favour of the meaningful intensions <strong>Trent</strong> has toward its students, its community<br />
and the world.”<br />
Dianne Lister, LL.B., CFRE<br />
Vice-President, External Relations and Advancement<br />
12
Evidence of a new era in philanthropy is everywhere at<br />
<strong>Trent</strong>. In the past three years, the <strong>University</strong> has received<br />
five transformational gifts from living donors, each in excess<br />
of $1 million, totaling $6.5 million. Book-ending the past<br />
academic year have been historic firsts, starting with the<br />
announcement of the <strong>University</strong>’s first endowed chair, the<br />
Kenneth Mark Drain Chair in Ethics, and culminating with<br />
the announcement of <strong>Trent</strong>’s first endowed professorship.<br />
HONOURING LEADERS WHO MAKE A WORLD<br />
OF DIFFERENCE<br />
<strong>Trent</strong> <strong>University</strong>’s Community Leaders Awards<br />
recognize and celebrate the contributions of<br />
local leaders during their lifetime by establishing<br />
a student bursary in their honour. In <strong>2008</strong>, the<br />
Awards were named for:<br />
The Armstrong Family<br />
Agriculture, Business & Industry<br />
Mollie Cartmell<br />
Athletics & Recreation<br />
Dr. Brian Desbiens<br />
Education & Literature<br />
THE JOHN DE PENCIER TRAIL<br />
Dr. Jenny Ingram<br />
Medicine, Science & Technology<br />
Chief Keith Knott<br />
Civic & Community Leadership<br />
Wally Macht<br />
Arts & Entertainment<br />
As a tribute to John de Pencier’s years of service to <strong>Trent</strong> and to recognize his<br />
love of nature conservation, the <strong>University</strong> established a new nature trail in<br />
<strong>2008</strong>, named in his honour. The John de Pencier Nature Trail is a three kilometre<br />
trail located in the Canal Nature Areas on the east bank of <strong>Trent</strong> <strong>University</strong>’s<br />
Symons campus. Over $100,000 has been raised for the endowment, through<br />
the generosity of Mr. de Pencier’s friends and family who established the John de<br />
Pencier Fund for <strong>Trent</strong>’s Nature Areas in 2000. Mr. de Pencier is a former Board<br />
chair, honorary Board member, generous donor and chaired one of the <strong>University</strong>’s<br />
most successful fundraising appeals.<br />
PHILANTHROPY HIGHLIGHTS<br />
Gold Medal for Donor<br />
Recognition Program<br />
A special partnership with The Peterborough Examiner helped<br />
<strong>Trent</strong> to win the top prize from the Canadian Council for the<br />
Advancement of Education (CCAE) in <strong>2008</strong>. The gold award<br />
was received in the category Best Donor Recognition Program<br />
for <strong>Trent</strong>’s symposium and announcement honouring the<br />
Patterson/Drain Family for the establishment of the Kenneth<br />
Mark Drain Chair in Ethics.<br />
More than $1.5 Million Raised for<br />
Student Awards<br />
<strong>Trent</strong>’s annual campaign toward student bursaries and awards<br />
topped $800,000, surpassing its goal by nearly $20,000.<br />
Faculty and staff alone contributed over $81,000, more<br />
than 10% of the total raised. With the matched funds from<br />
the Ontario Trust for Student Support (OTSS) program, the<br />
<strong>University</strong> raised more than $1.5 million between April, 2007<br />
and March <strong>2008</strong>. Twenty-nine new student bursaries and<br />
awards were established, including: Community Leaders<br />
Awards bursaries Board of Governors’ Leadership Award<br />
Peterborough Liftlock Atom Hockey Tournament Athletic<br />
Bursary Geography and Watershed Ecosystems North Bursary,<br />
established through the proceeds of Professor Emeritus Peter<br />
Adams’ new book, <strong>Trent</strong>, McGill and the North Graduate<br />
Students’ Association Bursary, which marks the first time a<br />
student association at the graduate level has taken a leadership<br />
role in creating such a substantial fund at <strong>Trent</strong>.<br />
13
ACCLAIMED RESEARCHERS<br />
Dr. Carla Rice – Exploring Body Image In a recent presentation, Professor Carla Rice<br />
offered an insightful look into our society’s “toxic” pre-occupation with certain body types. “Children<br />
as young as five don’t like their bodies,” she says. In a world pre-occupied with appearance, Prof.<br />
Rice emphasized the need to promote positive self-esteem for children, offering practical strategies<br />
for parents, teens, teachers and other professionals to create an atmosphere of body acceptance and<br />
healthy lifestyles. Prof. Carla Rice has more than 20 years international experience as a clinician,<br />
project director, researcher and media consultant on body image.<br />
Dr. Carol Williams – Canada Research Chair in Feminist & Gender Studies<br />
Before Dr. Carol Williams had even donned the mantle of her prestigious role as Canada’s only<br />
research chair in Feminist and Gender Studies, she was positioning <strong>Trent</strong> at the centre of new<br />
scholarship in her field. Coming to <strong>Trent</strong>, Prof. Williams stepped into an already vibrant Women’s<br />
Studies program, bringing together an international workshop on Indigenous women’s labour<br />
history. Material from the dialogue between scholars from the US, Canada, New Zealand and<br />
Australia is expected to be made into a unique, new anthology. Prof. Williams’ research centres on<br />
the significance of Aboriginal women’s economic agency in the survival of 19th Century Euro-<br />
American settler families in the North American West. An award-winning author who has taught<br />
across the continent, Prof. Williams enjoys bringing her knowledge to the lecture halls and seminar<br />
rooms at <strong>Trent</strong>.<br />
Dr. Chris Furgal – Indigenous Environmental Health “Climate change is<br />
already having a negative impact on the health of smaller and remote indigenous communities,”<br />
says Professor Chris Furgal, a member of the Nobel-prize wining Intergovernmental Panel on<br />
Climate Change. “People in the north already have to adapt to risks posed by more unpredictable<br />
weather, stresses on food security, and infrastructure loss due to coastal erosion.” Prof. Furgal is<br />
an assistant professor cross-appointed to the Departments of Environmental and Resource Studies<br />
and Indigenous Studies. He brings an interdisciplinary approach to his work, fostering a respect for<br />
many different types of knowledge in looking at issues of Indigenous environmental health.<br />
Dr. Eugène Morin – Making The Neanderthal Connection According to <strong>Trent</strong><br />
archaeologist Dr. Eugène Morin, the long-held view that Neanderthals died out 35,000 to 40,000<br />
years ago and were replaced by migrant Homo sapiens in Western Europe is not as convincing as<br />
once thought. In the highly esteemed Proceedings of National Academy of Sciences, Prof. Morin<br />
suggests that significant population decline was caused by a climatic deterioration. But rather than<br />
being totally eliminated, there is evidence that Neanderthals “succeeded in maintaining genetic ties<br />
with other neighbouring populations, including anatomically modern humans from Africa.” Over<br />
the long term, Neanderthals adapted to this harsher climate by expanding their social networks,<br />
a process that allowed the diffusion of “modern traits” into the Neanderthal gene pool. These<br />
findings provide support to the hypothesis that Neanderthals contributed to the emergence of<br />
modern humans.<br />
14<br />
Distinguished Research Award<br />
The <strong>2008</strong> Distinguished<br />
Research Award was<br />
presented to Dr. James<br />
Struthers, director of the Frost<br />
Centre for Canadian Studies<br />
and Indigenous Studies.<br />
Canadian Archaeological<br />
Association Meets at <strong>Trent</strong><br />
The <strong>Trent</strong> <strong>University</strong> Archaeological Research<br />
Centre (TUARC) welcomed more than 150<br />
archaeologists from across Canada for the 41st<br />
<strong>Annual</strong> Meeting of the Canadian Archaeological<br />
Association. Research presented included<br />
new findings in Latin America, Northeastern<br />
Archaeology and advances in archaeological GIS.<br />
Revealing the Ocean’s Layers<br />
This summer Dr. Céline Guéguen, Canada<br />
Research Chair in Aquatic Sciences and<br />
Biogeochemistry at <strong>Trent</strong>, traveled to the top of<br />
the world, participating in a series of intensive<br />
polar research expeditions as part of the<br />
International Polar Year. Dr. Guéguen travelled the<br />
Arctic Ocean on the Louis S. St. Laurent, Canada’s<br />
largest icebreaker.
Dr. Derek Mueller –<br />
Watching the Ice<br />
Shelves<br />
The research of ice shelf expert, <strong>Trent</strong><br />
graduate, and newly appointed Roberta<br />
Bondar Fellow in Northern and Polar<br />
Studies, Dr. Derek Mueller, has recently<br />
shed light on several significant<br />
environmental changes in the Arctic.<br />
Following his widely publicized<br />
discoveries about the diminishment of<br />
the Ward Hunt Ice Shelf on Ellesmere<br />
Island, Dr. Mueller has been looking at<br />
a vast network of new cracks seen this<br />
past spring when the entire 50 square<br />
km Markham Ice Shelf broke away in<br />
early August. With other sections of ice<br />
detaching, this summer’s ice shelf loss<br />
totals 23 per cent of total area or 214<br />
square km – more than three times the<br />
area of Manhattan Island. According<br />
to Dr. Mueller’s research, Quttinirpaaq<br />
National Park, Canada’s most northerly<br />
park, will likely soon lose its last<br />
remaining ice shelf.<br />
<strong>Trent</strong> by Numbers<br />
Since 1999 research funding at<br />
<strong>Trent</strong> has grown by 400% to over<br />
$15 million in <strong>2008</strong>.<br />
Smithsonian Calls on <strong>Trent</strong><br />
Professor Marrie Mumford, <strong>Trent</strong>’s Canada Research Chair in Aboriginal<br />
Arts and Literature, served as lead participant in a meeting at the<br />
Smithsonian Institute’s National Museum of the American Indian. Prof.<br />
Mumford shared her successful experiences at <strong>Trent</strong>, focusing on the<br />
success of Nozhem, <strong>Trent</strong>’s First Peoples Performing Space.<br />
New Drug Therapies<br />
Following last year’s federal government investment of $2 million in<br />
the International Consortium on Anti-Virals (ICAV), the organization<br />
headquartered at <strong>Trent</strong> <strong>University</strong>, hosted its sixth international symposium<br />
at <strong>Trent</strong>. The consortium was recently awarded a further $2 million in<br />
funding from the Ontario Ministry of Research and Innovation. ICAV will<br />
use the funds to evaluate and develop anti-viral opportunities for viruses<br />
other than pandemic influenza.<br />
15
accomplished Teachers<br />
Dr. Carolyn Kay –<br />
Bringing out the best<br />
in students<br />
“Innovative. Energetic. Articulate.<br />
Insightful. An original thinker.” These<br />
words of praise and many others<br />
from colleagues and students helped<br />
earn Dr. Carolyn Kay recognition as<br />
one of Ontario’s most outstanding<br />
university teachers. This spring, Dr.<br />
Kay was recognized for her ability<br />
to bring out the best in her students,<br />
nurturing their sense of confidence<br />
in academic pursuits, inspiring her<br />
colleagues through mentoring and<br />
curriculum development. The Ontario<br />
Confederation of <strong>University</strong> Faculty<br />
Associations (OCUFA) included Dr. Kay<br />
as one of only six Ontario professors to<br />
receive their 2007 teaching award.<br />
Prof. Kay holds a Ph.D. in History from<br />
Yale <strong>University</strong>; her research focuses on<br />
the Holocaust.<br />
<strong>Trent</strong> by Numbers<br />
70% of senior students report<br />
having meaningful conversations<br />
with faculty members<br />
70% discussed career plans<br />
with faculty<br />
Cynthia Good Featured as 2007/08<br />
Ashley Fellow and Rooke Lecturer<br />
Cynthia Good, one of Canada’s leading publishers<br />
and editors, was chosen as <strong>Trent</strong> <strong>University</strong>’s<br />
2007/<strong>2008</strong> Ashley Fellow. Ms. Good worked with<br />
students in the English Department’s new Masters<br />
Program in Public Texts, and gave this year’s first<br />
Rooke Lecture on “The Joy of Texts.”<br />
16<br />
Honouring <strong>Trent</strong> Faculty through<br />
Philanthropy<br />
There is a burgeoning of funds recently set up to<br />
honour the contributions of <strong>Trent</strong>’s outstanding<br />
faculty, including: the English Literature 2014<br />
Fund, the Anthropology Faculty Prize, the Colin<br />
Taylor Award, the Geoffrey Eathorne Award,<br />
the Carlyle Smith Bursary, the John Wadland<br />
Tribute Fund, and the David Morrison Fund for<br />
International Education. Financial contributions<br />
to the new funds have been steady, with retiring<br />
faculty moved to discover they have been chosen<br />
to be celebrated in this way.<br />
Nursing Director appointed<br />
president of the Registered<br />
Nursing Association of Ontario<br />
(RNAO)<br />
<strong>Trent</strong>/Fleming Nursing program director Wendy<br />
Fucile was appointed president of the RNAO.<br />
Previously vice president and chief nursing officer,<br />
she is known for a passion for patient care and a<br />
drive to lead and support change that improves<br />
the lives of nurses and those they care for. Now<br />
she brings that zeal to the lecture hall.
Dr. Michael Berrill, Biology – encouraging Critical Thinkers<br />
In his efforts to prepare students to make important contributions in a world increasingly suffering<br />
from environmental degradation, Prof. Michael Berrill arms them not only with solid technical skills, but<br />
with the abilities of critical thinking, independence, and hope. Prof. Berrill’s distinguished career has<br />
included a Symons Award for Excellence in Teaching, the publication of The Plundered Seas: Can The<br />
World’s Fish Be Saved? and research that has led to modifications in regulation of pesticide use. Despite<br />
his many accomplishments, for Prof. Berrill, some of the most exciting and meaningful moments in his<br />
career to-date have come during conversations with students. For Prof. Berrill, “getting to know them,<br />
know what they are thinking … their energy, potential hope, and a desire to do something meaningful<br />
with themselves” is an abiding inspiration.<br />
Dr. Feyzi Baban, Politics – Involving Students in Real-life Politics<br />
Feeling that students learn through dialogue, Prof. Baban’s lectures often turn even a large class into<br />
a town-hall style forum. From supporting students in organizing actual election debates to involving<br />
them as presenters in the department’s annual Research Day, Professor Feyzi Baban engages his<br />
students. When Prof. Baban was looking to teach a subject as complex as Middle East politics, he<br />
enlisted students in role playing the peace process. “You read the whole text, you study the history of<br />
the conflict, but it’s in getting into the nitty-gritty details and taking on characters that you come to a<br />
real understanding of the issues,” says student Ryan Katz-Rosene. “It’s not unusual,” says Prof. Baban,<br />
to have students say years later, that not only the exercise, but the facts of numerous real-life peace<br />
negotiations have stayed with them.<br />
Dr. Brenda Smith-Chant, psychology – Bringing Learning to the Masses<br />
Though she is now a popular lecturer to over a thousand first-year students, Psychology professor<br />
Brenda Smith-Chant was no star pupil herself. Prof. Smith-Chant learned how to learn through the<br />
expertise and patience of <strong>Trent</strong> faculty, and staff of the Academic Skills Centre. Now, using some of the<br />
most current, interactive teaching tools available, Prof. Smith-Chant is on the cutting edge of her field.<br />
For her efforts, she says, she is rewarded every time she sees a student who didn’t have that sense of “I<br />
can do it” feel that they can master the material in front of them. With humour and a sense of pushing<br />
the envelope of learning, the popular professor teaches students “about being able to structure your<br />
learning environment so you can be successful in it.”<br />
Dr. Cathy Bruce, Education – Inspiring Passion<br />
In her role as a professor in the School of Education and Professional Learning, Professor Cathy Bruce’s<br />
objective is simple – she wants her students “to be passionate about teaching and learning.” In Prof.<br />
Bruce’s case, specifically, the art of teaching math. “Math is a great divider in the world,” says Prof.<br />
Bruce. “The perception is that some can do it, while others feel they can’t. So when people eventually<br />
find that power within themselves it is an absolutely priceless experience.” As well as teaching math,<br />
Prof. Bruce helped found the Teacher Education Program at <strong>Trent</strong> and is currently leading a cross-course<br />
collaboration in the School of Education. In the collaboration, faculty benefit from shared dialogue<br />
about student learning and assessment, and students are able to apply their course learnings in a real<br />
world context.<br />
Mentoring Aspiring Aboriginal<br />
Entrepreneurs<br />
Ten aspiring First Nations entrepreneurs from<br />
northern Ontario came to <strong>Trent</strong> in August to take<br />
part in a series of entrepreneurship workshops<br />
as part of Project Beyshick. The youth mentoring<br />
program is followed by job shadowing placements<br />
with executives in the public and private sectors.<br />
Prof. Emeritus Robert Stairs<br />
creates first Chemistry lecture<br />
series at <strong>Trent</strong><br />
Dr. Robert Stairs and his wife, Sibyl, have created<br />
the first endowed lecture series in Chemistry at<br />
<strong>Trent</strong> through a generous donation of $50,000.<br />
The Stairs Lecture in Chemistry will enable <strong>Trent</strong><br />
to invite a distinguished scientist to speak on<br />
his or her research and to showcase the field of<br />
Chemistry.<br />
Symons Award for Excellence<br />
in Teaching<br />
Emilia Angelova, assistant professor in <strong>Trent</strong>’s<br />
Department of Philosophy, was presented with the<br />
<strong>2008</strong> Symons Award for Excellence in Teaching.<br />
17
PROMISING STUDENTS<br />
Zhifeng (Kelvin) Chen – Soaking up Canadian culture<br />
“If you want to experience both Canadian education and Canadian culture, <strong>Trent</strong> is the answer,”<br />
says Zhifeng (Kelvin) Chen, an international student from China. A Business Administration student<br />
specializing in human resource management, Mr. Chen, appreciates the close relationships with friends,<br />
other students, and professors at <strong>Trent</strong>. “<strong>Trent</strong> is not only an educational institution, but also a tight<br />
networking society,” says Mr. Chen. His advice to first year students: “Open your mind and be part of our<br />
family.” After completing his current program, Mr. Chen plans to find a management Job in Canada and<br />
work towards an MBA.<br />
Boipelo Oitsile – Making African Connections<br />
“There’s just something about teachers that makes me want to be one, too,” says Boipelo Oitsile, a driven,<br />
adventurous young woman from Gaborone and the first international student to join the History M.A. program.<br />
Ms. Oitsile hopes, in time, to parlay her educational experience here into a professorship in her home country of<br />
Botswana. “Boipelo’s presence at <strong>Trent</strong> contributes to a growing relationship between <strong>Trent</strong> and the <strong>University</strong> of<br />
Botswana,” says Dr. Tim Stapleton, head of the History Department. Ms. Oitsile’s research focuses on the role of<br />
Botswana in the liberation struggles of South Africa and Zimbabwe. She enjoys the guidance and support of her<br />
thesis supervisor, Prof. Stapleton, whose own research focuses on the history of South Africa and Zimbabwe.<br />
Marina Berbatiotis – Creating a Welcoming Learning Environment<br />
As don of the new Expressions Living Learning Community, Marina Berbatiotis is delighted with the<br />
cultural diversity at <strong>Trent</strong>, and “the countless, varied cultural events that showcase the values for<br />
which our campus strives.” Now a fourth year <strong>Trent</strong> student in Cultural Studies with a Minor in French,<br />
Ms. Berbatiotis says she felt immediately at home within the beauty of the natural setting, and the<br />
community of students, professors and staff. Enthralled with the experience of building community in<br />
an educational setting, Ms. Berbatiotis plans to teach ESL overseas, and then continue with graduate<br />
studies in the field of teaching.<br />
Virginia Portmann – Learning to Excel<br />
A graduate of <strong>Trent</strong>’s nursing program, now completing a second degree in Business Administration,<br />
Virginia Portmann is captain of the women’s varsity fencing team, a member of Friends of Honduran<br />
Children / Peterborough Medical Brigades, and winner of the Symons Medal for high academic<br />
achievement. “The disparity between extremes has greatly had an effect on how I wish to live my<br />
life,” says Ms. Portmann. Through her vocation as a nurse, Ms. Portmann feels able to exercise all of<br />
her talents: caring, inquisitiveness, holistic perspectives, leadership, and advocacy. Ms. Portmann most<br />
recently won the Student Business Leadership Bursary from the Peterborough Chamber of Commerce.<br />
Five Medals for <strong>Trent</strong> at 2007 OUA<br />
Rowing Championships<br />
<strong>Trent</strong> <strong>University</strong> crews continued their tradition of<br />
success at the 2007 OUA Rowing Championships,<br />
picking up one gold, one silver and three bronze<br />
medals in the finals. Despite rough water and<br />
windy conditions, the <strong>Trent</strong> women’s team came<br />
third in overall points.<br />
18<br />
<strong>Trent</strong> Students Win Business<br />
Competition<br />
Fourth-year <strong>Trent</strong> <strong>University</strong> Business<br />
Administration students came away with the<br />
winning trophy and $5,000 top prize, competing<br />
against 31 teams from 19 Ontario universities,<br />
representing <strong>Trent</strong> for the first time in the<br />
Chartered Management Accountants (CMA) Case<br />
Competition.<br />
Award-Winning Author Joseph<br />
Boyden Reads at <strong>Trent</strong><br />
After visiting <strong>Trent</strong> to read from his awardwinning<br />
novel Three Day Road in 2006, authors<br />
Joseph and Amanda Boyden returned to <strong>Trent</strong><br />
in September. The pair helped to wrap up <strong>Trent</strong><br />
Reads <strong>2008</strong>, with a presentation from Mr.<br />
Boyden’s new novel Through Black Spruce.
Henry Wilson –<br />
Encountering New and<br />
Exciting Questions<br />
In January, Henry Wilson, a doctoral<br />
candidate in the Environmental and<br />
Life Sciences Graduate Program, was<br />
awarded a prestigious Alexander Graham<br />
Bell Canada Graduate Scholarship,<br />
valued at $70,000 over two years.<br />
The Natural Sciences and Engineering<br />
Research Council of Canada prize was<br />
recently renamed in honour of pioneers<br />
of Canadian technology, medicine and<br />
entrepreneurship. The award will help<br />
support Mr. Wilson’s research on the<br />
impact of human land use on dissolved<br />
organic carbon in streams. “I feel like I’m<br />
doing something that is of value to the<br />
scientific community,” says Mr. Wilson.<br />
“The best part about research is that I<br />
get to ask questions about the world<br />
around me and then answer them. The<br />
more I research, the more I encounter<br />
new and exciting questions.”<br />
<strong>Trent</strong> Camp Creates Magic<br />
for More than 8,500 Youth<br />
More than 8,500 campers have enjoyed great<br />
summer camp experiences since <strong>Trent</strong> Summer<br />
Sports Camp (TSSC) began in 1993. TSSC offers a<br />
rich variety of sports-related, creative and outdoor<br />
activities designed to build athletic, social and<br />
leadership skills for campers aged five to sixteen<br />
years.<br />
Consolidating in Oshawa<br />
<strong>Trent</strong> in Oshawa moved to a new location on the<br />
Durham College/UOIT campus, bringing faculty<br />
and staff at the campus under the same roof<br />
for the first time since the site opened 34 years<br />
ago. The new space will unite members in a<br />
much larger space, and provide easier access to<br />
amenities such as parking and daycare.<br />
CUPE Local Invests in Students<br />
Members of CUPE Local 3908, representing<br />
contract faculty and student academic workers<br />
at <strong>Trent</strong>, created a new bursary for students<br />
in financial need. Matched by the provincial<br />
government OTSS program, this will be a $50,000<br />
endowed fund.<br />
19
Outstanding Alumni<br />
Richard Fleming –<br />
Nobel laureate<br />
Dr. Fleming, a research scientist for<br />
the Canadian Forest Service and<br />
a professor with the <strong>University</strong><br />
of Toronto, uses mathematical<br />
and statistical models to forecast<br />
the response of forest insect<br />
outbreaks. Dr. Fleming participated<br />
in the Intergovernmental Panel on<br />
Climate Change (IPCC) which was<br />
awarded the Nobel Prize for Peace<br />
in 2007. While at <strong>Trent</strong>, Dr. Fleming<br />
won the <strong>University</strong>’s first Ontario<br />
Universities Athletic Association<br />
championship in squash. He<br />
graduated from <strong>Trent</strong> with a B.Sc. in<br />
Mathematics and Physics in 1968.<br />
In <strong>2008</strong> he was honoured with a<br />
Distinguished Alumni Award.<br />
<strong>Trent</strong> by Numbers<br />
$3,950,238<br />
Total funds raised by alumni<br />
New Board of Governors’<br />
Leadership Award Approved<br />
The Board approved a new Board of Governors’<br />
Leadership Award to recognize academic<br />
excellence and provide additional assistance to<br />
students in financial need.<br />
The new $1,000 Award will be offered in addition<br />
to the existing Board of Governors’ Leadership<br />
Scholarship, which has been in existence for more<br />
than 10 years and has grown to be one of <strong>Trent</strong>’s<br />
most prestigious scholarships worth $18,000.<br />
20<br />
International Coverage<br />
Late in 2007, the Singapore Business Times<br />
highlighted the accomplishments of successful<br />
businessman and <strong>Trent</strong> alumnus Justin Chiu in<br />
their feature, ‘Standing out from the Crowd.’<br />
<strong>Trent</strong> VP Appointed Chair of<br />
Ethics Committee<br />
Dianne Lister, vice-president of External Relations<br />
and Advancement at <strong>Trent</strong> <strong>University</strong>, became<br />
the first Canadian to be named chair of the<br />
International Ethics Committee for the Association<br />
of Fundraising Professionals (AFP). Prior to joining<br />
<strong>Trent</strong>, Ms. Lister was the president and CEO of The<br />
Hospital for Sick Children Foundation.
<strong>Trent</strong> by Numbers<br />
Since the <strong>University</strong>’s first graduates crossed the<br />
podium in 1967, the <strong>Trent</strong> alumni community is now<br />
over 30,000 members strong.<br />
Fiona Macleod – Taking it to the streets<br />
Through her work at St. Paul’s<br />
Hospital in British Columbia<br />
and a volunteer position with<br />
AIDS Vancouver, Registered<br />
Nurse Fiona Macleod secured<br />
not one, but two, research<br />
jobs in Vancouver’s downtown<br />
eastside. In her position with the<br />
North American Opiate Medication Initiative (NAOMI), Ms. Macleod works with<br />
a team of researchers studying the use of prescription heroin as an alternative<br />
to methadone maintenance therapy in long-term heroin addicts. In her second<br />
job, with the Vancouver Injection Drug User Study (VIDUS), she studies the<br />
health, HIV/HCV status, lifestyle, and drug use habits of injection drug users. Ms.<br />
Macleod loves the diversity of the nursing profession, the countless opportunities<br />
to network, and the access to continuing education that her profession affords.<br />
Gillespie Family – Taking their education to new heights<br />
Siblings and <strong>Trent</strong> alumni all<br />
– Kate, Eric and Sean Gillespie,<br />
really enjoy applying the<br />
innovation, flexibility and skills<br />
they learned at <strong>Trent</strong> to the<br />
success of their high-flying<br />
family business.<br />
Founded by their father, John,<br />
over 25 years ago, Flying Colours now employs over 160 staff who refurbish<br />
corporate and commercial aircraft, creating unparalleled luxury in the skies.<br />
All graduates of <strong>Trent</strong>’s award-winning Business Administration program, Kate,<br />
along with twin brothers Eric and Sean Gillespie credit the transferable skills<br />
learned at <strong>Trent</strong> for a good part of their ability to work together. “<strong>Trent</strong> helped us<br />
learn how to adapt to change and to think outside the box,” says Ms. Gillespie.<br />
Geography Department<br />
& Lady Eaton College<br />
Celebrate 40 years<br />
The <strong>Trent</strong> <strong>University</strong> Geography Department<br />
and Lady Eaton College both marked the<br />
40-year milestone with celebrations during<br />
the <strong>University</strong>’s annual homecoming event.<br />
Lady Eaton College welcomed generations<br />
of LEC alumni, dons, staff, faculty and<br />
former principals with a family BBQ picnic<br />
and reunion. The Geography Department<br />
launched Geography at <strong>Trent</strong>: The First Forty<br />
Years. This “giant yearbook” presents an<br />
entertaining history of the department.<br />
Alumni Honoured<br />
In <strong>2008</strong> the <strong>Trent</strong> Alumni Association honoured the<br />
following recipients for their vision, commitment,<br />
creativity and leadership in their respective fields<br />
of international development, Canadian arts and<br />
culture, and the sciences of entomology, bioarchaeology,<br />
ecology and climate change:<br />
Distinguished Alumni:<br />
Su Ditta ’73, Victor Arnold Dyck (M.Sc. ‘67),<br />
Richard Fleming ‘68, Christine Harmston ‘91,<br />
Christine White ’77<br />
Spirit of <strong>Trent</strong>:<br />
Paul Davidson ’83, Helen Sweet ‘86<br />
Young Leader:<br />
Karin Galldin ’96<br />
<strong>Trent</strong> Recognizes Quarter<br />
Century Service Employees<br />
President Bonnie Patterson and Board of<br />
Governors’ vice-chair Kate Ramsay acknowledged<br />
the significant contributions of 14 staff and<br />
faculty members who have worked at <strong>Trent</strong> 25<br />
years, as well as four individuals marking 30 years,<br />
six people marking 35 years, and three marking<br />
40 years of service to the <strong>University</strong> community.<br />
Eminent Service Winner<br />
Recognized for her outstanding contributions<br />
to <strong>University</strong> life, long-time staff member Susan<br />
(Tui) Menzies was awarded this year’s prestigious<br />
Eminent Service Award. Ms. Menzies was cited<br />
for her diligence, insightful administration, and<br />
leadership in special events, and <strong>University</strong><br />
committees.<br />
Jack Matthews Fellowship<br />
The Jack Matthews Fellowship was created in<br />
<strong>2008</strong> to honour the founding contributions Jack<br />
Matthews made to <strong>Trent</strong> <strong>University</strong>, Lakefield<br />
College School, and The Canadian Canoe<br />
Museum. Mr. Matthews was the founding director<br />
of the <strong>Trent</strong> International Program.<br />
21
FINANCIAL STATEMENTS<br />
To the Board of Governors<br />
<strong>Trent</strong> <strong>University</strong><br />
We have audited the statement of financial position of <strong>Trent</strong><br />
<strong>University</strong> as at April 30, <strong>2008</strong> and the statements of changes<br />
in net assets, operations and deficit, and cash flows for the year<br />
then ended. These financial statements are the responsibility of<br />
the <strong>University</strong>’s administration. Our responsibility is to express<br />
an opinion on these financial statements based on our audit.<br />
We conducted our audit in accordance with Canadian generally<br />
accepted auditing standards. Those standards require that<br />
we plan and perform an audit to obtain reasonable assurance<br />
whether the financial statements are free of material<br />
misstatement. An audit includes examining, on a test basis,<br />
evidence supporting the amounts and disclosures in the<br />
financial statements. An audit also includes assessing the<br />
accounting principles used and significant estimates made<br />
by administration, as well as evaluating the overall financial<br />
statement presentation.<br />
In our opinion, these financial statements present fairly, in all<br />
material respects, the financial position of the <strong>University</strong> as at<br />
April 30, <strong>2008</strong> and the results of its operations and cash flows<br />
for the year then ended in accordance with Canadian generally<br />
accepted accounting principles.<br />
Statement of financial Position<br />
APRIL 30, <strong>2008</strong><br />
(with comparative figures for April 30, 2007 - thousands of dollars)<br />
ASSETS<br />
<strong>2008</strong> 2007<br />
Current<br />
Cash and cash equivalents $ 30,745 $ 19,702<br />
Accounts receivable 4,539 3,951<br />
Inventories 61 68<br />
Prepaid expenses and deposits 1,248 715<br />
36,593 24,436<br />
Long term investments (note 3) 34,479 30,631<br />
Capital assets (note 4) 134,684 136,506<br />
$ 205,756 $ 191,573<br />
LIABILITIES AND DEFERRED CAPITAL CONTRIBUTIONS<br />
Current<br />
Accounts payable and accrued liabilities $ 10,020 $ 11,456<br />
Current portion of long term debt 1,250 1,216<br />
Deferred revenue (note 5) 31,491 15,599<br />
42,761 28,271<br />
Long term debt (note 6) 31,073 29,006<br />
73,834 57,277<br />
Deferred capital contributions (note 7) 70,531 70,942<br />
McColl Turner LLP<br />
Licensed Public Accountants<br />
Peterborough, Ontario<br />
August 14, <strong>2008</strong><br />
To read the Statement of Administrative Responsibility,<br />
please visit www.trentu.ca/annualreport<br />
NET ASSETS<br />
Deficit (note 8) (9,933) (9,257)<br />
Internally restricted (note 9) 9,206 13,376<br />
Investment in capital assets (note 10) 27,386 30,004<br />
Endowments (note 11) 34,732 29,231<br />
61,391 63,354<br />
$ 205,756 $ 191,573<br />
The accompanying notes are an integral part of the financial statements<br />
Approved by the Board of Governors<br />
Governor<br />
Governor<br />
Dr. Roberta Bondar<br />
Dr. Bondar, O.C., O.ONT., B.Sc., M.Sc., Ph.D., M.D., F.R.C.P., F.R.S.C.,<br />
is <strong>Trent</strong>’s ninth Chancellor, the world’s first neurologist and the first<br />
Canadian woman to fly in space; scientist, pilot, author, photographic<br />
artist and astronaut who holds the NASA Space Medal; an Officer<br />
of the Order of Canada, a Fellow of the Royal Society of Canada,<br />
a laureate of the Canadian Medical Hall of Fame, an International<br />
Women’s Forum International Hall of Fame inductee, a Lifetime<br />
Achievement Award from the Royal Conservatory of Music at the<br />
<strong>University</strong> of Toronto, recipient of 24 honorary degrees, and has<br />
published three books of photography.<br />
22<br />
David Morton, Board Chair<br />
Mr. Morton, B.A., M.B.A., LL.D., is retired President and CEO of<br />
the Quaker Oats Company, a former Vice Chair and current Board<br />
Member of Frontier College, Chair of the committee for the Peter<br />
Gzowski Invitational for Literacy, former Chair of Five Counties<br />
Children Centre, former Vice Chair of the Fleming College Board,<br />
former Chair of the successful Breaking New Ground Campaign<br />
for a new Regional Health Centre in Peterborough, recipient of<br />
Peterborough’s Volunteer of the Year Award in 2002, holds an<br />
Honorary Doctor of Laws from <strong>Trent</strong>, and is married to <strong>Trent</strong> Professor<br />
Emerita, Patricia Morton.<br />
Kate Ramsay, Vice-Chair<br />
Ms. Ramsay, B.A., is a <strong>Trent</strong> alumna who recently completed the<br />
Directors’ Education Program and certification offered by the<br />
ICD and Rotman School of Management; is active in a variety of<br />
volunteer sector activities in the fields of education and social<br />
services; a member of the Board and a trustee of the Foundation<br />
of Lakefield College School, member of the YWCA Turning Point<br />
campaign cabinet, a Friend of Kinark, Chair of the Imagine the Marsh<br />
Conservation group, past Chair of the Ontario Audio Library Service,<br />
the Lakefield Police Services Board, and of Performing Arts Lakefield.
Statement of Changes in Net Assets<br />
Year Ended April 30, <strong>2008</strong><br />
(with comparative figures for April 30, 2007 - thousands of dollars)<br />
<strong>2008</strong> 2007<br />
investment<br />
internally in Capital<br />
deficit Restricted Assets Endowment Total total<br />
Net assets (deficit), beginning of year $(9,257) $13,376 $30,004 $29,231 $63,354 $57,785<br />
Change in accounting policies (note 2 (a)) 355 - (1,753) 3,756 2,358 -<br />
Net assets (deficit), beginning of year, as adjusted (8,902) 13,376 28,251 32,987 65,712 57,785<br />
Excess of revenue over expense<br />
(expense over revenue) for the year (6,066) - - - (6,066) 3,158<br />
Change in internally restricted net assets 4,170 (4,170) - - - -<br />
Change in investment in capital assets 865 - (865) - - -<br />
Change in endowments - - - 1,745 1,745 2,411<br />
Net assets (deficit), end of year $(9,933) $9,206 $27,386 $34,732 $61,391 $63,354<br />
The accompanying notes are an integral part of the financial statements<br />
revenue<br />
Expenditures<br />
1.9%<br />
PRIVATE DONATIONS AND<br />
NON-GOVERNMENT GRANTS<br />
15.4%<br />
ANCILLARY SALES<br />
AND SERVICES<br />
3.7%<br />
OTHER INCOME<br />
48.5%<br />
GOVERNMENT GRANTS<br />
1.1%<br />
INTEREST<br />
18.2%<br />
SUPPLIES<br />
0.6%<br />
FAIR VALUE<br />
6.7% ADJUSTMENT<br />
AMORTIZATION<br />
-4.1%<br />
APPROPRIATED<br />
EARNINGS<br />
30.5%<br />
TUITION FEES<br />
2.3%<br />
UTILITIES<br />
6.5%<br />
SCHOLARSHIPS<br />
AND BURSARIES<br />
68.7%<br />
SALARIES AND BENEFITS<br />
Gillian Balfour*<br />
Associate Professor Balfour, B.Sc., M.A., Ph.D., is a faculty member<br />
in the Sociology Department, current Chair of the Research Ethics<br />
Board, Chair of the Departmental Curriculum Committee for three<br />
years, past volunteer Board member and President with local,<br />
regional, and national women’s organizations advocating for women<br />
in prison, and co-author of two books The Power to Criminalize and<br />
Criminalizing Women, and several peer reviewed articles examining<br />
feminist criminology in the context of neo-liberalism.<br />
Libby Burnham<br />
Ms. Burnham, Q.C., C.M., DCL, is a senior legal, business and<br />
political advisor, counsel to Toronto-based law firm Morrison Brown<br />
Sosnovitch LLP specializing in government relations, a Member<br />
of the Order of Canada 2007, completed the ICD Corporate<br />
Governance College Directors’ Education Program, past Director of<br />
Minacs Worldwide Inc., CBC, LIFE Network, Toronto Rehabilitation<br />
Institute Foundation, past Chair of Wellesley Central Hospital and<br />
I Channel, founding member Equal Voice, International Women’s<br />
Forum Executive, recipient of numerous awards including the Queen’s<br />
Golden Jubilee Medal, and holds an Honorary Doctor of Civil Laws<br />
from Acadia <strong>University</strong>.<br />
Joan Bush<br />
Ms. Bush is President of Joint Venture Finance Inc., a company<br />
specializing in mergers and acquisitions in high technology and<br />
manufacturing sectors, involved in many charitable and community<br />
causes around the world including Bam Earthquake relief, Tsunami<br />
and Oxfam relief funds; visited India, Iran, Iraq and various African<br />
nations to focus on women’s issues such as poverty, homelessness<br />
and education; as Director of the Kiani Foundation, has contributed<br />
to the community through charities including local hospitals,<br />
scholarship funds and youth and women’s shelters.<br />
23
60%<br />
40%<br />
20%<br />
0%<br />
007 <strong>2008</strong><br />
60%<br />
50%<br />
40%<br />
30%<br />
20%<br />
Operating Revenue<br />
five year trend<br />
2004 2005 2006 2007 <strong>2008</strong><br />
GOVERNMENT GRANTS<br />
TUITION FEES<br />
OTHER INCOME<br />
Operating expenditures<br />
GOVERNMENT GRANTS<br />
TUITION FEES<br />
OTHER INCOME<br />
Statement of Operations & Deficit<br />
Year Ended April 30, <strong>2008</strong><br />
(with comparative figures for April 30, 2007 - thousands of dollars)<br />
REVENUE<br />
<strong>2008</strong> 2007<br />
Government grants $ 59,694 $ 61,015<br />
Tuition fees 37,614 37,244<br />
Ancillary sales and services 19,027 18,979<br />
Donations and grants 2,425 2,638<br />
Investment income 1,961 1,879<br />
Miscellaneous 2,533 1,892<br />
EXPENSE<br />
123,254 123,647<br />
Salaries and benefits 85,266 78,259<br />
Scholarships and bursaries 8,083 8,520<br />
Utilities 2,850 2,859<br />
Supplies 22,633 22,362<br />
Interest 1,406 1,111<br />
Amortization<br />
Library acquisitions 723 712<br />
Other capital assets 7,631 6,666<br />
Change in fair value of financial instruments 728 -<br />
129,320 120,489<br />
EXCESS OF REVENUE OVER EXPENSE<br />
(EXPENSE OVER REVENUE) FOR THE YEAR (6,066) 3,158<br />
Change in internally restricted net assets 4,170 (993)<br />
Change in investment in capital assets 865 (2,103)<br />
10%<br />
0%<br />
Full Time<br />
Salaries<br />
Part Time<br />
Salaries<br />
Employee<br />
Benefits<br />
Non-Staff<br />
Expense<br />
DECREASE (Increase) IN<br />
DEFICIT FOR THE YEAR (1,031) 62<br />
DEFICIT –<br />
beginning of year, as previously reported (9,257) (9,319)<br />
Change in accounting policies (note 2 (a)) 355 -<br />
DEFICIT – beginning of year, as adjusted (8,902) (9,319)<br />
DEFICIT – end of year $ (9,933) $ (9,257)<br />
The accompanying notes are an integral part of the financial statements<br />
Michael Butt<br />
Mr. Butt, B.A. Sc., P. Eng., is Chairman and CEO of Buttcon Limited,<br />
Chairman and CEO of Somers Construction Limited in Bermuda,<br />
former Chair of the Ontario General Contractors Association and the<br />
Canadian Construction Association, former Chair of the Board of The<br />
Greater Toronto Airports Authority, a member of the Board of Aecon<br />
Enterprises Inc., an appointed member of the Board of Trustees for<br />
the Bermuda Biological Station for Research and Chairman of the<br />
Planning and Development Committee, a Fellow of the Canadian<br />
Society for Civil Engineering, and a fellow of the Canadian Design-<br />
Build Institute.<br />
Robert Butterworth<br />
Mr. Butterworth, B.Comm., LL.B., Q.C., is Vice-Chair of the<br />
Assessment Review Board, Director of the Society of Ontario<br />
Adjudicators and Regulators, past Councillor of the Township of<br />
North Elmsley, past Chair of the Town of Perth Planning Board, past<br />
Chair of the Committee of Adjustments for the Township of North<br />
Elmsley, past Chair of the Board of Governors of Algonquin College,<br />
past Chair of the Rideau Valley District Health Council, past member<br />
of the Ontario Council of Health, past National Vice-President and<br />
National Legal Counsel of the Canada Jaycees, and past Director of<br />
the Lanark Communications Network.<br />
Bryan Davies*<br />
Mr. Davies, B.Comm., M.P.A., is Chair of the Canada Deposit<br />
Insurance Corporation, member of the Board of several other<br />
not-for-profit and corporate organizations, past Vice-President of<br />
Administration at the <strong>University</strong> of Toronto, past Senior Vice-President<br />
Regulatory Affairs at the Royal Bank Financial Group, and has held<br />
numerous senior positions in the Government of Ontario, including<br />
Deputy Treasurer and Deputy Minister of Economics.<br />
24
Statement of Cash Flows<br />
Year Ended April 30, <strong>2008</strong><br />
(with comparative figures for April 30, 2007 - thousands of dollars)<br />
CASH PROVIDED FROM (USED FOR) OPERATING ACTIVITIES<br />
<strong>2008</strong> 2007<br />
Excess of revenue over expense (expense over revenue) for the year $ (6,066) $ 3,158<br />
Add (deduct) non-cash items:<br />
Amortization of capital assets 8,354 7,378<br />
Amortization of deferred capital contributions (4,449) (4,060)<br />
Change in VER and post-retirement benefits liability 481 331<br />
Change in fair value of financial instruments 728 -<br />
(952) 6,807<br />
Change in non-cash working capital items 13,342 (2,568)<br />
ENDOWMENT ACTIVITIES<br />
12,390 4,239<br />
Net increase in endowments 6,764 2,411<br />
Purchase of long term investments, net of disposals (5,172) (1,932)<br />
FINANCING AND INVESTING ACTIVITIES<br />
1,592 479<br />
Purchase of long term investments, net of disposals 51 (105)<br />
Purchase of capital assets, net of disposals (6,532) (15,834)<br />
Proceeds from long term debt - 7,165<br />
Repayment of long term debt (496) (453)<br />
Deferred capital contributions received 4,038 5,370<br />
(2,939) (3,857)<br />
NET INCREASE IN CASH AND CASH<br />
EQUIVALENTS FOR THE YEAR 11,043 861<br />
CASH POSITION - beginning of year 19,702 18,841<br />
CASH POSITION - end of year $ 30,745 $ 19,702<br />
The accompanying notes are an integral part of the financial statements<br />
Allison Fisher*<br />
Ms. Fisher, B.A., M.Ed., a First Nations member of the community<br />
of Wikwemikong in Ontario, is Executive Director of the Wabano<br />
Centre for Aboriginal Health in Ottawa, former Board member of the<br />
National Capital Commission, former member of several committees<br />
and non-profit organizations aimed at encouraging national and<br />
international Aboriginal industry and arts, presenter to the Prime<br />
Minister’s Task Force on Urban Issues, and has held a variety of<br />
positions in both the public and private sectors.<br />
Christina (Tina) Fridgen*<br />
Ms. Fridgen, H.B.Sc., M.Sc., is a current Ph.D. candidate in the<br />
Environmental and Life Sciences graduate program, sessional lecturer<br />
in the Biology Department, community volunteer, past Chair of the<br />
Athletics Advisory Committee, former Communications Officer with<br />
the Graduate Students Association (GSA), and has worked as a<br />
teaching assistant, research assistant and animal care technician at<br />
<strong>Trent</strong>.<br />
Michael Gough<br />
Mr. Gough, B.A., LL.B., LL.M., is recently retired from the Toronto<br />
law firm of Osler, Hoskin & Harcourt LLP, specializing in Public Law<br />
and Regulatory Affairs, Chair of the Ontario Lottery and Gaming<br />
Corporation, formerly a lawyer with the Ministry of the Attorney<br />
General of Ontario and the Ministry of Treasury and Economics, and<br />
Board member or officer for a number of for-profit and not-for-profit<br />
corporations.<br />
25
Notes to the Financial Statements<br />
April 30, <strong>2008</strong> (thousands of dollars)<br />
1. AUTHORITY<br />
<strong>Trent</strong> <strong>University</strong> operates under the authority of The <strong>Trent</strong> <strong>University</strong> Act, 1962-63. The <strong>University</strong> is<br />
a registered charity and, under the provisions of section 149 of the Income Tax Act, is exempt from<br />
paying income taxes.<br />
2. SIGNIFICANT ACCOUNTING POLICIES AND REPORTING PRACTICES<br />
(a) Change in accounting policies<br />
Effective May 1, 2007, the <strong>University</strong> adopted the recommendations of CICA 3855: Financial Instruments<br />
– Recognition and Measurement and CICA 3861: Financial Instruments – Disclosure and<br />
Presentation. CICA 3855 establishes standards for recognizing and measuring financial instruments,<br />
including the accounting treatment for changes in fair value. As required by CICA 3855, investments<br />
and derivative financial instruments are now presented at fair value. In prior years, investments were<br />
recorded at cost and long term debt at amortized cost. As permitted by CICA 3855, other financial<br />
assets and liabilities continue to be presented at cost or amortized cost which approximates fair value.<br />
As required by the transitional provisions of CICA 3855, the accounting policy change from cost to<br />
fair value was adopted without restatement of the prior year’s financial statements. As a result of the<br />
change, as at May 1, 2007, investments increased by $4,111, long term debt increased by $1,753,<br />
deficit decreased by $355, investment in capital assets decreased by $1,753 and endowments<br />
increased by $3,756.<br />
(b) General<br />
The financial statements of the <strong>University</strong> have been prepared by management in accordance with<br />
accounting principles generally accepted in Canada and consistently applied.<br />
The combined financial statements reflect the assets, liabilities, revenue, expenses and other transactions<br />
of all the operations of the <strong>University</strong> and organizations that the <strong>University</strong> has the primary<br />
economic interest in or controls.<br />
The <strong>University</strong> accounts identify financial activity separately for operating transactions, internally<br />
restricted transactions, externally restricted transactions and endowment transactions.<br />
• Operating transactions are for general activities.<br />
• Internally restricted transactions are generally for funds designated for specific activities by<br />
university administration.<br />
• Externally restricted transactions are associated with funds received from external sources<br />
which can only be spent in accordance with the restrictions provided by the sources<br />
providing the funds.<br />
• Revenue and expense from operating, internally restricted and externally restricted<br />
transactions are reported in the statement of operations and deficit.<br />
• Endowment transactions include contributions which are designated as endowment by<br />
the source providing the funds and contributions designated as endowment by university<br />
administration. Internally and externally restricted endowment contributions are reported on<br />
the statement of changes in net assets.<br />
The financial statements do not include the assets, liabilities, revenue and expenses of the <strong>Trent</strong><br />
<strong>University</strong> Foundation (see note 15).<br />
(c) Cash and cash equivalents<br />
Cash and cash equivalents represent operating cash on deposit and units in a money market fund<br />
which are readily convertible to cash.<br />
(d) Inventories<br />
Inventories are valued at the lower of cost and net realizable value.<br />
(e) Capital assets<br />
Capital assets are recorded at cost, or in the case of donated assets, at fair market value on the date<br />
of the donation.<br />
Capital assets are amortized on a straight-line basis over their estimated useful lives as follows:<br />
Buildings 40 years Library books and serials 5 years<br />
Equipment and furnishings 10 years Rare collections no amortization<br />
Computer equipment 5 years System software 5 years<br />
Vehicles<br />
5 years<br />
(f) Revenue recognition<br />
The <strong>University</strong> follows the deferral method of accounting for revenue derived from the provision of<br />
service and from revenue contributions. Contributions may either be operating, internally restricted,<br />
externally restricted or endowments.<br />
• Revenue received by the <strong>University</strong> for the provision of goods and services is recognized<br />
when goods and services are provided. Student fees are recognized as revenue when<br />
courses are provided.<br />
• Operating contributions are recognized as revenue when received or receivable if the amount<br />
to be received can be reasonably estimated and collection is reasonably assured.<br />
• Internally restricted contributions are recognized as revenue when received or receivable if<br />
the amount to be received can be reasonably estimated and collection is reasonably assured.<br />
• Externally restricted contributions for purposes other than endowment are deferred and<br />
recognized as revenue in the year in which related expenses are incurred. Externally<br />
restricted contributions can only be used for the purposes designated by external<br />
contributors. Pledged donations are not recorded until received due to the uncertainty<br />
involved in their collection.<br />
• Contributions for the acquisition of capital assets are deferred and recognized as revenue on<br />
the same basis as the related capital assets are amortized.<br />
• Endowment contributions and related restricted investment revenue are reported as direct<br />
increases in net assets when received.<br />
(g) Retirement Plans<br />
The <strong>University</strong> maintains contributory defined benefit pension plans which cover eligible faculty and<br />
staff. The assets, liabilities and results of operations of the plans are included in the financial statements<br />
of the respective <strong>Trent</strong> <strong>University</strong> pension funds. Accrued pension benefits are actuarially determined<br />
using the projected benefit method pro rated on service and discounted using current market<br />
interest rates. The obligations also reflect management’s best estimate of salary escalation, retirement<br />
ages of employees and other actuarial factors. The cost of providing post-retirement benefits is reflected<br />
in the year of the employee’s service rather than as paid. Unamortized actuarial losses in excess of<br />
10% of the greater of the fair value of plan assets and accrued benefit obligations at the beginning of<br />
the year are amortized over the average remaining service period of active employees.<br />
(h) Fund raising activities<br />
Gifts and grants from fundraising activities are recorded when received. Pledges are recorded upon<br />
payment.<br />
(i) Sabbaticals and other leaves<br />
The cost of sabbaticals and leaves are recorded when paid.<br />
(j) Contributed services<br />
Volunteers as well as members of the <strong>University</strong> community including alumni contribute an extensive<br />
number of hours per year to assist the institution in carrying out its service delivery activities. Such<br />
contributed services are not recognized in the financial statements.<br />
Brian Hamlin<br />
Mr. Hamlin, B.A., B.Ed., graduated from <strong>Trent</strong> in 1988 with a degree<br />
in Environmental and Resource Studies and Geography, earned a<br />
Bachelor of Education degree from Memorial <strong>University</strong> in 1990,<br />
taught in Collingwood, Ontario for eight years, pursued his interest in<br />
private asset management and formed Maestro Asset Management;<br />
Director of The Hamlin Family Philanthropic Fund, and member and<br />
past President of the Collingwood Optimist Service Club.<br />
26<br />
Adam Henley<br />
Mr. Henley is a national laureate with the Canada Millennium<br />
Scholarship Foundation, bronze standard recipient of the Duke of<br />
Edinburgh’s award, active leader for a series of non-governmental<br />
organizations both nationally and locally; has diverse interests in<br />
international health and development, social economics and the<br />
health sciences, has had employment experiences as a journalist,<br />
educator and clinical researcher, is working toward his Bachelor of<br />
Science in Nursing, and hopes to continue on to graduate studies in<br />
clinical epidemiology.<br />
Pamela Jeffery<br />
Ms. Jeffrey, H.B.A., M.B.A., is President of The Jeffery Group of<br />
Companies which includes public affairs and executive search<br />
practices as well as the Women’s Executive Network, long-time<br />
political advisor, Director of the Canadian Opera Company, member<br />
of the Toronto Community Advisory Board, past Director of the Ivey<br />
School of Business Alumni Association, Bloorview Kids Rehab, Casey<br />
House Foundation, Sick Kids Connection and former Vice-Chair of the<br />
Donwood Institute (now Centre for Addiction and Mental Health),<br />
past member of the governance committees of the Toronto Board of<br />
Trade and the Institute of Corporate Directors, and past President of<br />
the National Club.
(k) Financial instruments<br />
Under CICA Section 3855, financial assets and liabilities are initially recognized and subsequently<br />
measured based on their classification. The <strong>University</strong> has designated long term investments as heldfor-trading.<br />
Changes in fair value of long term investments for employee early retirement plans are<br />
recognized in the statement of operations and deficit. Changes in fair value of long term investments<br />
for endowments are recognized in the statement of changes in net assets. Long term investments,<br />
which consist of units held in pooled funds, are measured at fair value based on reported unit values.<br />
Cash and cash equivalents, accounts receivable, and accounts payable and accrued liabilities are<br />
measured at cost which approximates fair value.<br />
The <strong>University</strong> uses an interest rate swap agreement to address exposure to changes in interest<br />
rates. This derivative financial instrument does not qualify for hedge accounting and is measured at<br />
fair value determined by discounting the future cash flows associated with the agreement using the<br />
current Ontario Infrastructure Project Corporation rate as an estimate of the borrowing rate that would<br />
otherwise be available to the <strong>University</strong>. The <strong>University</strong> does not enter into financial instruments for<br />
speculative purposes.<br />
Other long term debt is measured at amortized cost which approximates fair value.<br />
(l) Use of estimates<br />
The preparation of financial statements in accordance with Canadian generally accepted accounting<br />
principles requires management to make certain estimates and assumptions that affect the reported<br />
amount of assets and liabilities and the disclosure of contingencies at the date of the financial statements<br />
and the reported amount of revenue and expenses during the period. Actual results could differ<br />
from those estimates.<br />
(m) Future accounting policy changes<br />
The CICA has issued two new standards, CICA 3862: Financial Instruments – Disclosures and CICA<br />
3863: Financial Instruments – Presentation, which will enhance the abilities of users of financial<br />
statements to evaluate the significance of financial instruments to an entity, related exposures and the<br />
management of these risks.<br />
The CICA has also issued a new accounting standard, CICA 1535: Capital Disclosures, which requires<br />
the disclosure of qualitative and quantitative information that enables users of financial statements to<br />
evaluate the entity’s objectives, policies and processes for managing capital.<br />
These changes in accounting policies, which will be adopted effective May 1, <strong>2008</strong>, will require additional<br />
disclosures in the financial statements.<br />
4. CAPITAL ASSETS<br />
Capital assets and accumulated amortization consists of the following:<br />
Accumulated Net Book<br />
<strong>2008</strong> cost Amortization Value<br />
Land and site<br />
improvements $ 7,314 $ - $ 7,314<br />
Buildings 159,320 51,750 107,570<br />
Equipment, software 43,016 25,596 17,420<br />
Library books, serials 22,599 20,219 2,380<br />
$ 232,249 $ 97,565 $ 134,684<br />
Accumulated Net Book<br />
2007 cost Amortization Value<br />
Land and site<br />
improvements $ 7,314 $ - $ 7,314<br />
Buildings 157,420 47,718 109,702<br />
Equipment, software 39,775 22,691 17,084<br />
Library books, serials 21,901 19,495 2,406<br />
The net investment in capital assets is set out in note 10.<br />
$ 226,410 $ 89,904 $ 136,506<br />
5. DEFERRED REVENUE<br />
Deferred revenue represents unexpended amounts received in the current and prior years for services<br />
to be provided in a future year and consists of the following<br />
<strong>2008</strong> 2007<br />
Externally restricted donations $ 6,096 $ 4,399<br />
Student fees 1,848 2,125<br />
Federal and Provincial Government grants 22,706 8,317<br />
Other 841 758<br />
$ 31,491 $ 15,599<br />
3. LONG TERM INVESTMENTS<br />
Investments are exposed to market, foreign currency and interest rate price risks. The <strong>University</strong> manages<br />
these risks through the investment policy of the Board of Governors. Investments are monitored<br />
by a Committee of the Board of Governors and managed by investment managers subject to asset mix<br />
and performance benchmarks contained in the investment policy. The investment managers report on<br />
a regular basis to the Committee of the Board.<br />
The cost and fair values of the long term investments at April 30 were:<br />
<strong>2008</strong> 2007<br />
fair Value cost fair Value cost<br />
Cash $ 1,268 $ 1,268 $ 1,526 $ 1,526<br />
Bonds 13,098 12,818 12,751 12,436<br />
Equities 20,113 21,666 20,464 16,669<br />
$ 34,479 $ 35,752 $ 34,741 $ 30,631<br />
Long term investments, at fair value, include investments of endowment funds $31,263 (2007<br />
- $31,109) and of employee early retirement plans $3,216 (2007 - $3,632).<br />
6. LONG TERM DEBT<br />
Long term debt consists of the following: <strong>2008</strong> 2007<br />
Fair Value<br />
Cost<br />
Canada Mortgage and Housing Corporation<br />
debentures for the Residential Colleges $ 2,681 $ 2,786<br />
Physics Building extension 572 691<br />
Bradburn House renovations 389 449<br />
Gzowski College Residence 13,737 11,796<br />
DNA Building 7,165 7,165<br />
Faculty voluntary early retirement program 6,164 5,712<br />
Future cost of post-retirement benefits 1,331 1,302<br />
Other 284 321<br />
32,323 30,222<br />
Amount due within one year shown as current liability 1,250 1,216<br />
$ 31,073 $ 29,006<br />
Canada Mortgage and Housing Corporation debentures bear interest at rates from 5.875% to 8.25% and<br />
will mature on various dates between 2017 and 2024 payable in annual blended instalments of $313.<br />
Dawn Lutchman*<br />
Ms. Lutchman, B.A., M.B.A., FICB, a commercial banker for over 16<br />
years, was born and raised in Trinidad and is currently Area Manager,<br />
Commercial Banking, East Central Ontario District with BMO<br />
Financial Group, Fellow of the Institute of Canadian Bankers, actively<br />
involved with the Junior Achievement Program, Shelter from the<br />
Storm, and is a Rotarian with the Cataraqui-Kingston Rotary Club.<br />
Orm Mitchell<br />
Professor Mitchell, B.A., M.A., Ph.D., is a faculty member in the<br />
Department of English since 1971, chaired the department in<br />
1980-81 and from 1985 to 1990, co-authored with Barbara Mitchell<br />
a two-volume biography on W.O. Mitchell, has acted, also with<br />
Barbara, as a script consultant for the Nelvana/Global Jake and the<br />
Kid television series, for the stage adaptations of Who Has Seen<br />
the Wind and Jake and the Kid: Prairie Seasons, and for a feature<br />
film adaptation of How I Spent My Summer Holidays, and currently<br />
working on a one-man theatre production, An Evening with W.O.<br />
Mitchell, and editing a collection of W.O. Mitchell stage plays to be<br />
published by Oxford Canada in the spring of 2009.<br />
Deb Nichols<br />
Ms. Nichols, a staff member at <strong>Trent</strong> <strong>University</strong> for 19 years, has<br />
worked in several positions, including Publications Coordinator in<br />
<strong>Trent</strong>’s Academic Skills Centre and in the bookstore; has had the<br />
opportunity to form many relationships at <strong>Trent</strong> and abroad as <strong>Trent</strong>’s<br />
representative at conferences and book fairs in Canada and the U.S.;<br />
her familiarity with current academic issues for today’s generation of<br />
students can offer additional insights into student, parent, and faculty<br />
expectations.<br />
27
6. LONG TERM DEBT (continued)<br />
The financing for the Physics Building extension represents a term loan with the Bank of Montreal at a<br />
fixed rate of 6.48% payable in monthly blended instalments of $13. The final payment is due May 31,<br />
<strong>2008</strong>. The loan will be renewed at 4.655% for 4 years and new monthly blended instalments are $13.<br />
The loan regarding the Bradburn House is a mortgage with the Bank of Montreal at a fixed rate of<br />
4.445%, payable in blended monthly instalments of $6, secured by specific land and buildings. The<br />
final payment falls due September 30, <strong>2008</strong> and management intends to refinance.<br />
The residence and dining portion of the Peter Gzowski College/First Peoples House of Learning is<br />
funded through an interest rate swap agreement with the Bank of Montreal due to mature on May 1,<br />
2034 with an effective rate of interest of 6.415%. Total principal and interest payments in <strong>2008</strong> were<br />
$927 (2007 - $927). The fair value is based on discounted cash flows at 5.2%. The amortized cost is<br />
$11,621.<br />
The <strong>University</strong> previously entered into a Financing Agreement with Ontario Infrastructure Projects Corporation<br />
for a maximum principal amount of $40,300 for several capital projects. The first debenture<br />
was issued on November 1, 2007 for DNA Building financing of $7,165 with a fixed rate of 5.26%<br />
payable in annual blended instalments of $477 to mature on November 1, 2037.<br />
The faculty voluntary early retirement programs reflect payments required by individual contracts over<br />
varying future periods. The current and future costs of these programs have been reflected in the deficit<br />
and are based on the effective early retirement dates. Future costs will be funded from future cost<br />
savings, therefore, the recognition of future costs in current year’s expenditure increases the deficit<br />
(note 8).<br />
The principal repayments estimated in each of the next five years are as follows:<br />
<strong>2008</strong>-2009 $1,250<br />
2009-2010 1,296<br />
2010-2011 1,310<br />
2011-2012 1,351<br />
2012-2013 1,250<br />
7. DEFERRED CAPITAL CONTRIBUTIONS<br />
Deferred capital contributions represent the unamortized amount of externally restricted contributions<br />
used for the purchase of capital assets. Details of the changes in the deferred capital contributions<br />
balance are as follows:<br />
<strong>2008</strong> 2007<br />
Balance - beginning of year $ 70,942 $ 69,632<br />
Add contributions received for capital acquisitions 4,038 5,370<br />
Less amortization of deferred capital contributions (4,449) (4,060)<br />
9. INTERNALLY RESTRICTED NET ASSETS<br />
Internally restricted net assets consist of the following:<br />
<strong>2008</strong> 2007<br />
Internally restricted research and trust $ 820 $ 786<br />
Funds committed for specific purposes 8,386 12,590<br />
10. INVESTMENT IN CAPITAL ASSETS<br />
Investment in capital assets consists of the following:<br />
$ 9,206 $ 13,376<br />
<strong>2008</strong> 2007<br />
Capital assets (note 4) $ 134,684 $ 136,506<br />
Less:<br />
Long term debt pertaining to capital assets (24,827) (23,208)<br />
Deferred capital contributions (note 7) (70,531) (70,942)<br />
Financed internally (11,940) (12,352)<br />
$ 27,386 $ 30,004<br />
11. ENDOWMENTS<br />
Endowments consist of the following:<br />
<strong>2008</strong> 2007<br />
fair Value cost fair Value cost<br />
Student assistance $ 21,063 $ 18,149 $ 21,173 $ 16,335<br />
General endowment 2,806 1,807 3,077 1,799<br />
Library 1,755 1,156 1,904 1,131<br />
Research 65 48 70 47<br />
Colleges, departments, other 9,043 6,947 6,763 4,018<br />
Reinvested realized earnings 7,888 5,901<br />
$ 34,732 $ 35,995 $ 32,987 $ 29,231<br />
Reinvested realized earnings is the amount of earnings available for allocation to unit holders based<br />
on the Board’s investment earnings distribution policy. The policy allows a maximum annual distribution<br />
of 4% on the average four-year rolling unit value at December 31.<br />
Balance - end of year $ 70,531 $ 70,942<br />
8. DEFICIT<br />
Details of the deficit are as follows:<br />
<strong>2008</strong> 2007<br />
Deficit as per Statement 1 $ (9,933) $ (9,257)<br />
Deduct: Expenditure of future costs of Faculty voluntary<br />
early retirement plan which will be covered by revenues<br />
in future years 2,948 2,573<br />
Expenditure of accrued staff vacation pay<br />
which will be covered by revenues in future years 1,539 1,401<br />
Balance of deficit for general <strong>University</strong> operations $ (5,446) $ (5,283)<br />
Bonnie Patterson<br />
Professor Patterson, B.A., M.L.S., is President and Vice-Chancellor<br />
of <strong>Trent</strong> <strong>University</strong> since 1998, faculty member in the Department<br />
of Business Administration, current member and former Chair<br />
of the Board of Directors for the Association of Universities and<br />
Colleges Canada, Executive Committee Member and formerly<br />
President of the Council of Ontario Universities, one of four<br />
Canadian <strong>University</strong> Presidents appointed to the Council of the<br />
Association of Commonwealth Universities and serves on its Audit<br />
and Risk Committee, Director and former Chair of the Board for the<br />
Peterborough Regional Health Centre, Honorary Chair of the ALS<br />
Society in the Peterborough Region.<br />
28<br />
Larry Popofsky<br />
Mr. Popofsky, prior to retirement in 2003, was the Chief Executive<br />
Officer of Greenwin Property Management Inc., which under his<br />
direction, grew to become one of Canada’s largest real estate<br />
management companies, led the formation of Residential Equities<br />
Real Estate Investment Trust, member of a private consortium which<br />
secured the exclusive rights from the Province of Ontario to build and<br />
operate Fallsview Casino in Niagara Falls, Ontario.<br />
Fred Sherratt<br />
Mr. Sherratt is the former Vice Chairman and Chief Operating Officer<br />
of CHUM Limited, co-founder and former President of the Atlantic<br />
Television System, began his broadcasting career in Nova Scotia, cofounded<br />
CFRS Simcoe, Ontario and became associated with CHUM<br />
Limited in 1960, served as a Board member and officer for numerous<br />
organizations, the recipient of many prestigious awards, Broadcast<br />
Hall of Fame inductee and inaugural recipient of the Ontario<br />
Association of Broadcasters Lifetime Achievement Award.
12. ONTARIO STUDENT OPPORTUNITY TRUST FUND<br />
AND ONTARIO TRUST FOR STUDENT SUPPORT<br />
Externally restricted endowments include grants provided by the Government of Ontario from<br />
the first and second phases of the Ontario Student Opportunity Trust Fund and the Ontario<br />
Trust for Student Support (OTSS). Under the programs the Government matched funds raised<br />
by the <strong>University</strong>. The purpose of the programs is to assist academically qualified individuals<br />
who for financial reasons would not otherwise be able to attend university. The Phase I and II<br />
information is for the period ended April 30, <strong>2008</strong> with comparative figures at April 30, 2007.<br />
The OTSS information is for the period ended March 31, <strong>2008</strong> and 2007.<br />
<strong>2008</strong> 2007<br />
Phase I Phase II OTSS Phase I Phase II OTSS<br />
Endowment balance including<br />
preservation of capital,<br />
beginning of year $7,030 $1,724 $3,268 $6,983 $1,700 $1,649<br />
Donations - - 810 - - 589<br />
Matching funds from MTCU - - 781 - - 589<br />
Transfers to/from<br />
Expendable Trust 21 - - (38) - -<br />
Preservation of capital 176 34 579 85 24 441<br />
Endowment balance,<br />
end of year $7,227 $1,758 $5,438 $7,030 $1,724 $3,268<br />
Expendable funds available<br />
for bursaries,beginning of year $370 $73 $64 $333 $70 $13<br />
Investment income 274 63 105 260 59 54<br />
Expendable donations - - 7 - - 4<br />
Transfers to/from Endowment (21) - - 38 - -<br />
Bursaries awarded (201) (60) (64) (261) (56) (7)<br />
Expendable funds available<br />
for bursaries in<br />
subsequent years $422 $76 $112 $370 $73 $64<br />
Endowment total based<br />
on book value $7,649 $1,834 $5,550 $7,400 $1,797 $3,332<br />
Market value,end of year $7,206 $1,630 $4,065 $7,807 $1,783 $2,591<br />
Number of bursaries awarded 291 76 95 306 58 18<br />
13. RETIREMENT PLANS<br />
The estimated accrued benefit obligations and plan assets available to provide these benefits<br />
were as follows:<br />
<strong>2008</strong> 2007<br />
Faculty Non-faculty Faculty Non-faculty<br />
Fair value of plan assets $137,555 $77,271 $144,460 $79,723<br />
Accrued benefit obligations 154,518 78,890 154,923 78,769<br />
Funded status – surplus (deficit) (16,963) (1,619) (10,463) 954<br />
Portion of deficit funded by<br />
member contributions 2,003 - 1,906 -<br />
Valuation allowance - - - (954)<br />
Unamortized actuarial loss $(14,960) $(1,619) $(8,557) $-<br />
The significant actuarial assumptions used in determining the accrued benefit obligations were<br />
as follows:<br />
<strong>2008</strong> 2007<br />
Discount rate 6.0% 5.25%<br />
Rate of compensation increase 4.0% 3.75%<br />
Rate of inflation 2.5% 2.25%<br />
The current year’s charge to operations was $5,290 (2007 - $5,214) for all retirement plans.<br />
The latest actuarial valuations for the registered pension plans were performed as of July 1,<br />
2007. The next required actuarial valuations will be July 1, 2010. The <strong>University</strong> has a practice<br />
of performing annual valuations for accounting purposes for defined benefit plans. The <strong>University</strong><br />
measures its accrued benefit obligations and the fair value of plan assets for accounting<br />
purposes as at April 30 each year.<br />
14. CONTINGENT LIABILITIES<br />
Reciprocal Insurance<br />
<strong>Trent</strong> <strong>University</strong> is a member of the Canadian Universities Reciprocal Insurance Exchange (CU-<br />
RIE). CURIE pools the property damage and public insurance risks for some forty institutions.<br />
All members pay annual deposit premiums which are actuarially determined and are subject<br />
to further assessment in the event members’ premiums are insufficient to cover losses and<br />
expenses. As at December 31, 2007, CURIE had a surplus of $16,572 (2006 - $16,507).<br />
15. TRENT UNIVERSITY FOUNDATION<br />
The <strong>Trent</strong> <strong>University</strong> Foundation was incorporated as a separate crown corporation without<br />
share capital under the <strong>University</strong> Foundations Act, 1992, effective August 25, 1994. The<br />
Directors are appointed by the Lieutenant Governor in Council of Ontario. The objects of the<br />
Foundation are to solicit, receive, manage and distribute at its discretion money and other<br />
property to support education and research at the <strong>University</strong>. The net assets of the Foundation<br />
as at March 31, <strong>2008</strong> were $3 (2007 - $3).<br />
Linda Smith<br />
Ms. Smith is Capital Projects Co-ordinator for<br />
<strong>Trent</strong>’s Physical Resources Department, pursuing<br />
her Project Management accreditation, former Text<br />
Buyer at <strong>Trent</strong>’s bookstore, a staff member at the<br />
<strong>University</strong> for more than 20 years, experience as<br />
parent to twin girls in post secondary institutions,<br />
combined with her extensive knowledge of faculty/<br />
staff and student requirements brings a broad<br />
perspective to the Board, active in community fund<br />
raising, serving as both Chair and Board member<br />
to a variety of non-profit fund raising initiatives<br />
from the CNIB to local daycare centres.<br />
Patricia Southern<br />
Ms. Southern, B.Math., F.C.A., is a Chartered<br />
Accountant and, most recently, General Manager<br />
of Gowling Lafleur Henderson LLP in Toronto, has<br />
been employed as Chief Financial Officer and held<br />
other financial management positions in other law<br />
firms and private and public companies, past Chair<br />
of the Board of Community Head Injury Resources<br />
of Toronto, over the past 20 years, has served as<br />
Treasurer, Chair and/or Director of a variety of<br />
not-for-profit organizations including a home for<br />
the aged and a co-ed residential high school, and<br />
served as a member of the Council of the Ontario<br />
Institute of Chartered Accountants.<br />
Anne Wright<br />
Ms. Wright, B.A., is a Chartered Accountant,<br />
experienced Board member with fund raising and<br />
government relations expertise, served as National<br />
President of the Canadian Diabetes Association<br />
and as a Director of Belmont House and Chaired<br />
Belmont’s $10 million capital campaign, former<br />
Board member of the Toronto Rehabilitation<br />
Institute, and former Chair of the Institute’s<br />
Foundation Board, recently Chaired the Board of<br />
Lakeridge Health in Durham Region, serves on the<br />
Boards of the McMichael Canadian Art Collection<br />
and the Canada Science and Technology Museum.<br />
Rosemary Zigrossi<br />
Ms. Zigrossi, B.Comm., is a Chartered Accountant<br />
and CFA charterholder, is a certified Director as a<br />
graduate of the Institute of Corporate Directors,<br />
Vice President at Ontario Teachers’ Pension<br />
Plan in the Asset Mix and Risk department, has<br />
held progressively more senior positions in the<br />
Investment division, including Vice-President<br />
of the fund’s venture capital program, has held<br />
Directorship roles and Chair of Audit Committees<br />
and of the Board in a number of start up<br />
companies, former Assistant Vice-President at J.P.<br />
Morgan Chase Bank (formerly J.P. Morgan), and a<br />
former Senior Auditor with KPMG.
Mission<br />
<strong>Trent</strong> <strong>University</strong> aspires to be Canada’s outstanding small university known for its<br />
commitment to liberal undergraduate education in the humanities, social sciences<br />
and natural sciences and to the centrality of the individual student. Within a<br />
collegial setting, the <strong>University</strong> offers undergraduate and graduate programs,<br />
both traditional and interdisciplinary, which seek to advance learning through the<br />
creative interaction of teaching and research of the highest quality.<br />
Vision<br />
<strong>Trent</strong> at 50: To develop a learning environment which ensures that<br />
the individual student is knowledgeable, thinks critically, is socially<br />
conscious and is prepared to make a difference in society.<br />
1600 West Bank Drive<br />
Peterborough, ON K9J 7B8<br />
1-888-739-8885<br />
(705) 748-1011<br />
Peterborough • Oshawa • Ontario • Canada<br />
www.trentu.ca<br />
To view this document in an accessible<br />
format, please visit www.trentu.ca