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UCC Foundation

The UCC Foundation is a separate and independent entity, governed by its own board of trustees and supported by staff shared with UCC. 
The Foundation's primary purpose is the management and stewardship of the College’s $110-million endowment. The Board appointed Cambridge Associates, a leading global independent investment firm, as its financial adviser in 2016 with the purpose of supporting the Foundation in its investment strategy.

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, please contact the Foundation's Chair, Richard Willoughby ’80, or the Foundation's Executive Director, Brendan Dellandrea ’01.

Board of Trustees (Canada)

List of 11 items.

  • Richard Willoughby ’80, President

    Richard has been a Trustee since 2008 and was appointed President in 2014. He is a senior corporate lawyer with extensive experience in the Toronto and New York offices of Torys LLP. He acts for financial institutions, companies, private equity firms and pension plans, and has particular experience in the financial services sector. From 1989-1992, Richard practised in the Torys' London office, where he advised on international merger and acquisition transactions and euromarket financings.

    Richard has two sons, Robert ’11 and Andrew ’15.
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  • Jessica Chutter

    Jessica has been a trustee since 2013. She is Managing Director and Chairman of Biotechnology Investment Banking at Morgan Stanley. During Jessica’s 30-year career of building Morgan Stanley’s biotechnology franchise, she has been responsible for $30 billion of capital raising and $65B of strategic transactions..
     
    Jessica has a Bachelor of Arts 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.
     
    She and her husband, Derek '79, have three children, Andrew ’14, Jennifer and Kevin ’19.
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  • Tanya Covassin

    Tanya has been a trustee since 2018. She serves as a director of various private and public companies. In addition to her global board work, Tanya has a background in both investment banking and private equity. She has originated, structured, executed and managed large-scale private and public investments and financings. 

    Tanya earned her Honours B.E.S. from the University of Waterloo and her MBA from the University of Toronto. She also has an ICD.D certification from the Institute of Corporate Directors.

    Tanya is the mother of Massimo ’29.
     
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  • Matt Farb ’96

    Matt has served as a Trustee since 2016 and was formerly a member of the UCC Foundation Investment Committee. He 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.
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  • Russell Higgins ’81

    Russell has served on the Board since 2010 and was appointed Chair in January 2016. He has served as Chair of both the Norval Long-Range Planning Committee and the Property Committee. He chaired the Principal Search Committee which selected Sam McKinney as the College’s 19th Principal. Prior to his board appointment, he 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 a son, Simon ’16.
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  • Elliot Johnson ’94

    Elliot has served as a trustee since 2016 and was formerly a member of the UCC Foundation Investment Committee. He is Chief Investment Officer and Chief Operating Officer of Evolve Funds, an investment firm specializing in exchange traded mutual funds. He has previously held senior roles at a number of large Canadian asset management, wealth management and capital markets firms.
     
    Elliot is also a trustee of Trinity College at the University of Toronto where he chairs the Committee on Investments.
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  • Niral Merchant ’93

    Niral has served as a trustee since 2018. He is a Principal of Augmentram Capital Corp., a private merchant bank which provides capital and strategic insight to growing businesses. Niral has held senior financial leadership roles in a number of operating companies.

    He has an MBA from INSEAD and is a Chartered Professional Accountant and CFA designation holder. He is an active volunteer sitting on the board of a number of philanthropic and community-based organizations.
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  • Tim Price

    Tim has served as a Trustee since 2016 and was formerly a member of the UCC Foundation Investment Committee. He is the Chairman of Brookfield Funds, part of Brookfield Asset Management Inc. He is 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, and the Dean’s Advisory Board at the Schulich School of Business.

    He is the father of Robert ’93 and Matthew ’01.
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  • Lara Zink

    Lara has served as a Trustee since 2014. She 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 Manager Trainee.
     
    Lara has an MBA from the Rotman School of Management and a BA, Honours from Western University. She is an active volunteer for the Special Olympics, Women in Capital Markets, and sits on board of the UCC Foundation.
     
    Lara is the mother of Robbie ’20 and Christina.
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  • Matthew Flynn '96

    Matt was appointed President of UCC’s Association Council in 2018. He works in the financial services industry in Toronto. He graduated from Osgoode School of Law and the Schulich School of Business in 2005. Prior to that he completed a BA in history from Cornell University. Matt is active in the community, serving on the Board of LOFT Community Services and Opera on the Avalon among others.

    He is married to Raili and they have three young children, Elizabeth, Michael and Billy.
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  • Staff:

    Brendan Dellandrea '01, Executive Director
    Patti MacNicol, Treasurer

List of 1 frequently asked questions.

  • Foundation Honorary Trustees

    David Beatty ’59
    Cathy Clark
    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
    Desiree Jebsen
    Lee Lau
    Margaret Lau
    Elizabeth Lee
    Jimmy Lee
    Michael MacMillan ’74
    Diane Mara
    Ted McMurrich ’34
    Kelly Meighen
    Michael Meighen
    Tony Ormsby ’44
    Paul Phelan ’69
    Andy Pringle ’69
    Loretta Rogers
    John Stevenson ’47
    John Stewart
    Richard M. Thompson
    John Thompson ’60
    Roly Watt ’62
    Julia West
    Galen Weston
    Bill Wilder ’40
    Paul Winnell ’67
    Michael Wilson ’55
    William Wong ’82

List of 1 frequently asked questions.

List of 1 frequently asked questions.

UCC Foundation (U.S.)

Incorporated in the State of New York and registered with Internal Revenue Service 501(c), the Upper Canada Educational Foundation provides a vehicle for US-based members of the UCC community to support the College and receive an IRS tax receipt. The Upper Canada Educational Foundation is guided by a 16-member board of directors and managed by UCC staff.

List of 1 frequently asked questions.

  • Board of Trustees (U.S.)

    Fabio Savoldelli ’80, Chairman
    Randy Carver ’82
    Russell Chong ’90
    Christopher Cruz ’02
    William Deng ’00
    Brendan Dellandrea '01, Vice-Principal, Advancement and Strategy
    Larry Grafstein ’78
    Michael Long, Past Parent
    Hampton Long ’95
    Patti MacNicol, Vice-Principal, Administration and Innovation
    Greg Meredith ’76
    Frank Pottow ’82
    Chuck Powis ’82
    Erik Schatzker ’88
    R. Browning (Roly) Watt ’62

UCC Foundation (U.K.)

Incorporated in the United Kingdom. and registered with Inland Revenue, the UCC United Kingdom Foundation provides a vehicle for U.K.-based members of our community to support the College. It’s guided by a five-member board of directors and managed by UCC staff.

List of 1 frequently asked questions.

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