uToronto’s Rotman School of Management to use major donation for innovative ideas fund

April 8, 2016

The University of Toronto has matched a $30 M donation from recently deceased businessman Joseph Rotman to provide a total of $60 M in new funding for its Rotman School of Management. The university announced that it will use $45 M to create a Rotman Catalyst Fund to finance innovative new ideas. Rotman Dean Tiff Macklem explained that this fund “is not to support the core funding of the school. It is to fund bold new initiatives with a competition for ideas and the cream rising to the top.” The remaining $15 M will be put towards other priorities such as student scholarships, new faculty positions, and infrastructure investments. Globe and Mail