As uAlberta endowment crosses $1 B threshold, President predicts “recalibration” of senior salaries

September 22, 2014

The University of Alberta's endowment fund has for the first time surpassed the $1 B mark. The fund's growth was driven by strong investment returns and recent significant donations. “The engagement, advocacy, and generosity of our supporters will benefit generations to come, and I want to thank our donors for their contribution to our community,” said uAlberta President Indira Samarasekera. Samarasekera made the announcement at what will be her final “state of the university” address. Samarasekera indicated that she feels there is a need for “recalibration” of senior salaries at the university. “You have to look increasingly at what the public thinks is appropriate. You don’t want a race to the bottom, but I do think there has to be a discussion about what is appropriate.” She also said that the university will need to hire more professors and convince more high school students to attend PSE. uAlberta expects to name Samarasekera's successor by year's end. uAlberta News Release (Endowment) | uAlberta News Release (State of the U) | Edmonton Journal