UTS Foundation
Dear Friends & Donors Ensuring future support continues at current levels.
R
ecent turmoil in the financial markets and the large decline in share prices are a concern to all. With the drop in the securities markets, the Foundation’s portfolio lost 9.8% for the trailing one year period ending December 31, 2008; this loss was smaller in comparison to other portfolios mainly due to our conservaWilliam J. tive asset mix Saunderson ’52 between stocks chairman, UTS and bonds. foundation The Foundation’s investment portfolio is monitored by a Board of Directors with significant expertise in the financial markets. While some Foundations have rebalanced their portfolios to reduce their exposure to equities, the UTS Foundation believes that our asset mix remains appropriate for our current and long-term requirements.
We anticipate that financial markets will be slow to recover and that this situation may continue well into 2009. Our main challenge is to preserve the accumulated capital while helping needs-based students. Our endowments are expected to provide future generations with the same level of economic support for programs and services that they provide today. We believe that while economic conditions remain uncertain, our portfolio is well diversified and is not unduly exposed to high risk. Over time, the markets will recover and the market value of our portfolio will improve accordingly. Many donors have recently supported UTS with new annual gifts to help top-up entrance scholarships and bursaries for our students. We are grateful for their generosity as we strive to continue to meet our commitments to support our students.
Help make a difference
for tomorrow’s uts students! If you would like to designate a specific bequest to UTS or receive information on planned giving, please contact Martha Drake, Executive Director, Advancement at (416) 946-0097, or mdrake@utschools.ca
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