Philanthropic Leadership

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 $100-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 on the Foundation, please contact Richard Willoughby ’80, Chair of the UCC Foundation, or Jim Garner ’77, VP, Advancement and Strategy, and Executive Director of the UCC Foundation.

Board of Trustees (Canada)

List of 14 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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  • Andrew Dunn

    Andrew has served as a Trustee since 2012 and is Chair of the Audit Committee. He is Managing Partner and Chief Operating Officer at Altas Partners. Prior to that he spent 27 years with Deloitte Canada as Managing Partner of tax and Vice-Chair. He was named one of Canada’s leading advisers by the International Tax Review and has delivered expert testimony before the House of Commons Standing Committee on Finance and the Senate Standing Committee on Banking, Trade and Commerce.
    Andrew has a Bachelor of Arts and Master of Accounting from the University of Waterloo 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 have two sons, Charlie ’16 and Liam ’18.
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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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  • Matthew Johnson ’95

    Matt was appointed President of UCC’s Association Council in 2015 and has served as a member since 2010. He is a founder of UCC’s Young Alumni Network and served as its chair from 2007-2009.

    Matt is a Vice-President at Colliers International, a leading commercial real estate firm, and co-chair of Colliers Not-for-Profit Advisory Group. In addition to his work with for-profit entities, Matt advises many non-profit and charitable organizations including Ronald McDonald House, Plan Canada, Canadian Payroll Association, and various school boards and religious organizations. Matt is a frequent speaker at industry events and is a faculty member within Colliers’ training program, Colliers University.
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  • Peter Kay

    Peter has served as a Trustee since 2009. He is a former Senior Vice-President at CIBC and spent 32 years with the bank. He was most recently responsible for the management of the bank’s capital and was deputy chair of its pension fund of some $3.5 billion.
    Peter has a BASc in engineering from the University of Toronto and his MSc in management science from Imperial College, University of London (England).
    Peter is the father of Langdon ’17.
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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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  • Jim Walker

    Jim has served as a Trustee since 2010 and was formerly Chair of the UCC Foundation Investment Committee. He is Managing Partner at HOOPP Capital Partners, responsible for HOOPP’s private equity investing activities. He co-founded and was Managing Director of Clearspring Capital LP, a mid-market Canadian private equity firm, which 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 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.
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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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  • Staff:

    Jim Garner ’77, 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
    Jim Garner ’77, VP Advancement and Strategy
    Larry Grafstein ’78
    Michael Long, Past Parent
    Hampton Long ’95
    Patti MacNicol, Vice-Principal, Administration and Innovation
    John McCarthy ’91
    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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