The UCC Foundation is a separate and independent entity from Upper Canada College, governed by its own board of trustees and supported by staff shared with the College. The primary purpose of the Foundation is the management and stewardship of the College’s endowment. To assist the Foundation in its investment strategy, the board appointed Cambridge Associates, a leading global independent investment firm, as its financial advisor in 2016.
Assuming continued growth in gifts to the Foundation and reasonable investment performance, the Foundation expects to cross the $100-million threshold in the next one to two years.
The Foundation is a charity registered apart from the College and was incorporated under the law of the Province of Ontario in 1962.
For further information on the Foundation, please contact Richard Willoughby ’80, Chair of the UCC Foundation, or Jim Garner ’77, VP Office of Advancement and Strategy and Executive Director of the UCC Foundation.
Board of Trustees (Canada)
Richard Willoughby ’80, President
Richard’s corporate and commercial practice focuses on mergers and acquisitions and securities transactions, with particular experience in cross-border matters and the financial services sector. His mergers and acquisitions experience includes advising on private acquisitions and divestitures (often in an auction context), leveraged buyout transactions, tender offers and joint ventures. His securities transactions experience includes acting for issuers and underwriters in public offerings and private placements of equity, debt and derivative securities.
Richard practised in the Torys office in London, England from 1989 to 1992, where he advised on international merger and acquisition transactions and Euromarket financings. Richard was based in the firm’s New York office from 2000 to 2008 and has since been based in Toronto.
Richard is an Old Boy from the class of 1980 and the parent of Robert ’11 and Andrew ’15.
Jessica Chutter is Managing Director and Chairman of Biotechnology Investment Banking at Morgan Stanley. Jessica has helped build Morgan Stanley’s biotechnology franchise during her 27 year career through advising companies in $65Bn of advisory transactions and $25Bn of capital raising.
Jessica has a BA in Commerce and Honours Economics from McGill University and an MBA from Harvard Business School. She serves on the Board of Directors of MaRS Innovation.
Jessica and her husband, Derek, live in Toronto with their three children, Andrew ’14, Jennifer and Kevin ’19.
Andrew is managing partner and chief operating officer at Altas Partners, a private equity firm he co-founded with Andrew Sheiner following a 27-year career with Deloitte. Altas Partners focuses on acquiring and operating outstanding North American-based businesses with stable cash flow and great market positioning.
Named one of Canada’s leading advisors by the International Tax Review, Andrew was managing partner of tax and most recently vice-chair of Deloitte Canada and chair of its client cabinet, responsible for the firm’s largest clients and government relationships. Andrew led Deloitte’s vision and efforts to make Canada more globally competitive, most recently as co-author of “The Future of Productivity” research aimed at improving business productivity. Andrew has delivered expert testimony before the House of Commons Standing Committee on Finance and the Senate Standing Committee on Banking, Trade and Commerce.
Andrew was educated at the University of Waterloo (bachelor of arts, 1986; master of accounting, 1987) and is a fellow of the Institute of Chartered Accountants. He’s a founding member and co-chair of the Deloitte Centre for Tax Education and Research at the University of Waterloo, a governor of the Canadian Tax Foundation, a director of the Children’s Aid Foundation and a trustee of the McMichael Canadian Art Collection.
Andrew and his wife Christine live in Toronto with their two sons, Charlie ’16 and Liam ’18.
Matt Farb ’96
Matt Farb, an investment committee member since 2006, is president and chief investment officer of Better Capital Corp., which he founded in 2015. He’s also served as president and CIO of Coldstream Capital Management Inc. and president of East West Investment Management Corporation.
Russ Higgins ’81
Russell has served on the UCC Board of Governors since 2010. During his tenure on the Board, he has been chair of the Norval Long Range Planning Committee and chair of the Property Committee. Russell also chaired the Principal Search Committee which selected Sam McKinney as UCC’s 19th Principal. He has been chair of the Board of Governors since January 2016. Prior to his appointment to the Board, Russell was a member of the UCC Association Council and was chair of the Council of 1829.
Russell is a principal of MacPherson Builders Limited, a builder of low and mid-rise subdivisions throughout southern Ontario. He is a graduate of Princeton University. Russell and his wife June have one son, Simon ’16.
Elliot Johnson ’94
Elliot Johnson, an investment committee member since 2011, is senior vice-president of product development and management at Fiera Capital. He was previously a partner and chief operating officer of Fiera Quantum Limited Partnership and served senior roles with National Bank of Canada and GMP Investment Management.
Matthew Johnson ’95
Matt Johnson ’95 is a vice-president at Colliers International in Toronto. has been a council member since 2010. He was a co-founder of the Young Alumni Network and served as chair from 2007 to 2009. He also co-founded the Toronto Old Boys Night Out, now in its fourth year. He also served as chair of Association Day, supported the Blues Booster Club and has volunteered as a mentor with the Common Ties mentorship program.
Peter is a retired senior vice-president of Canadian Imperial Bank of Commerce. He spent 32 years, or most of his working career, with the bank. During his last position he was responsible for the management of the capital of the bank and was deputy chair of CIBC’s pension fund of some $3.5 billion. His involvement with the pension fund spanned approximately 15 years, during which time it went through several reorganizations and transformations to improve its governance and effectiveness.
Peter earned his BASc in engineering from the University of Toronto and his MSc in management science from Imperial College, University of London (England).
Peter is the parent of Langdon ’17.
Tim Price,father of Robert Price ’93 and Matthew Price ’01, has been an investment committee member since 2008. He’s chairman of Brookfield Funds, which is part of Brookfield Asset Management Inc. Price is also a member of the board of directors of Canadian Tire Corporation Limited and Fairfax Financial Holdings and serves on the boards of the Ontario Arts Foundation, St. Michael’s Hospital Foundation and Shaw Festival as well as the dean’s advisory board at the Schulich School of Business.
Jim joined HOOPP Capital Partners in 2013 as Managing Partner. That team of private equity professionals is responsible for HOOPP’s private equity investing activities.
Prior to joining the HOOPP Capital Partners team, Jim co-founded and was Managing Director of Clearspring Capital LP (previously Callisto Capital), a mid-market Canadian private equity firm, which during that time was one of Canada’s top performing mid-market private equity firms.
Prior to Jim’s private equity career, he was a senior officer (including President and Chief Executive Officer) of Gentra Inc., a leading publicly traded property investment and real estate merchant banking operation, part of the Brookfield group of companies. Before joining Gentra, Jim was a partner with the law firm of Fraser & Beatty (now Dentons), specializing in mergers and acquisitions and securities law.
Jim is the father of Richard ’10, Matthew ’11, Charles ’13 and Robert ’17.
Lara is a Managing Director in Global Institutional Equity Sales at RBC Capital Markets. She has senior coverage responsibility for over 30 institutional equity investors including pension plans and mutual funds located in Toronto and Montreal. Prior to joining RBC Capital Markets, Lara was an account manager in Financial Institutions at the Royal Bank. Lara joined the Royal Bank in 1995 as a Business Banking Account Manger Trainee.
Lara has an MBA from the Rotman School of Management and a BA, Honours from the University of Western Ontario. She is an active volunteer for the Special Olympics, Women in Capital Markets, and sits on the UCC Foundation Board.
Lara is the mother of Robbie ’20 and Christina.
Jim Garner ’77, Executive Director
Patti MacNicol, Treasurer
Jody Jacobson, Secretary
David Beatty ’59
Charles Cowan ’46
John Eaton ’57
Peter Eby ’56
Alan Ely ’65
Bernard Gustin ’65
Tom Heintzman ’58
Sam Hughes ’48
Arthur James ‘33
Hans Michael Jebsen
Michael MacMillan ’74
Ted McMurrich ’34
Tony Ormsby ’44
Paul Phelan ’69
Andy Pringle ’69
John Stevenson ’47
Richard M. Thompson
John Thompson ’60
Roly Watt ’62
Bill Wilder ’40
Paul Winnell ’67
Michael Wilson ’55
William Wong ’82
Andrew Dunn, Chair
Richard Willoughby ’80
Peter Kay, Chair