uCalgary raises record $123 million

September 26, 2013

The University of Calgary has set a new fundraising record, with $123 million raised in the last academic year. This places uCalgary among the top 5 PSE institutions in Canada for fundraising, and will help establish research chairs, scholarships and new learning centres. $40 million of the money raised, the largest donation given to uCalgary to date, came from the Taylor family for the creation of the new Taylor Institute for Teaching and Learning, set to open in 2016. uCalgary is also expecting a financial infusion in the form of loans to build 2 new student residences, one for undergraduate and one for graduate students. The new residences are estimated to be complete by 2015-16, and are part of a larger housing master plan that uCalgary drafted last year. Despite the successful fundraising year, uCalgary is still wary of future budget challenges, and is planning town hall meetings next month to discuss constraints. Calgary Herald